macro fundamentals, GDP, investment & growth section 3 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 26 [UPSC (Pre) 1998]

Some time back, the Government of India, decided to delicense ‘White goods industry’. White goods includes

a) milk and milk products

b) stainless steel and aluminium utensils

c) soaps, detergents and other mass consumption goods

d) items purchased for conspicuous consumption

Answer: (d)

Question : 27 [UP RO (Pre) 2018]

Match List-I with List-II and select the correct answer from the codes given below the lists. 

List List II
(Crop/Plantation) (Largest producer state)
A. Jute 1. Kerala
B. Tea 2. Uttar Pradesh
C. Sugarcane 3. Assam
D. Rubber 4. West Bengal
Codes: A B C D

a) 3 1 2 4

b) 4 3 2 1

c) 1 2 3 4

d) 2 4 3 1

Answer: (b)

Question : 28

Economic growth in a country will necessarily have to occur if:

a) There is capital formation in the country

b) There is population growth in the country

c) There is technological progress in the country

d) The country's exports are increasing

Answer: (a)

Investment in the economy means production of capital goods. When the economy produces all consumption goods and no capital goods (investment) then its GDP shall remain constant i.e. it will not grow.

But till the time there is a net production of capital goods i.e. investment in the economy, the production of goods and services (GDP) will keep on increasing.

Capital formation means production of capital goods. So, if there is capital formation, it will necessarily lead to increasing in GDP i.e. economic growth.

Question : 29 [UPPSC (Mains) 2014]

Which of the following is included in National Food Security Mission (NFSM)?

a) Pulses

b) Wheat

c) All of the above

d) Rice

Answer: (c)

Question : 30 [UPPCS (Pre) 1995]

NAFED is connected with

a) Conservation of fuel

b) Animal husbandary

c) Agricultural implements

d) Agricultural marketing

Answer: (d)

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1261 investment growth based indian economy MCQ section 3 question answer with explanation pdf

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