macro fundamentals, GDP, investment & growth section 3 Practice Questions Answers Test with Solutions & More Shortcuts
Macro fundamentals, GDP, Investment, Growth PRACTICE TEST [4 - EXERCISES]
macro fundamentals, GDP, investment & growth section 1
macro fundamentals, GDP, investment & growth section 2
macro fundamentals, GDP, investment & growth section 3
macro fundamentals, GDP, investment & growth section 4
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 »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 |
a) 3 1 2 4
b) 4 3 2 1
c) 1 2 3 4
d) 2 4 3 1
Answer »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 »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.
IMPORTANT indian economy mcq EXERCISES
Macro fundamentals, GDP, Investment, Growth Shortcuts »
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indian economy MCQ CATEGORIES
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» Introduction to Indian Economy
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» Planning, Economic Development & Five year Plans
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» National Income & Human Development Index
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» Agriculture Sector, Subsidy and Food Processing
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» Industries, Manufacturing & Service Sectors
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» Inclusive growth, Sustainable development and employment
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» Poverty & Unemployment
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» Introduction to Micro Economics
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» Introduction to Macro Economics
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» Macro fundamentals, GDP, Investment, Growth
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» Demand & Supply, Profit Loss, Inflation & Price Index
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» Fiscal Policy, Public Finance and Monetary Policy
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» Money Supply, Banking and Financial Institutions
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» Taxes Types, Methods & Budgeting Process
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» Banking, Security Market & Insurance
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