macro fundamentals, GDP, investment & growth section 4 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 1 [UPPCS (Pre) 1994]

Green revolution had the greatest impact on

a) Maize

b) Rice

c) Wheat

d) Barley

Discuss »

Answer: (c)

Question : 2 [UPSC (Pre) 1995]

Which of the following are the objectives of the commission for Agricultural costs and prices (CACP)?

  1. To stabilise agricultural prices.
  2. To ensure meaningful real income levels to the farmers.
  3. To protect the interest of the consumers by providing essential agricultural commodities at reasonable rates though public distribution system.
  4. To ensure maximum price for the farmer.
Choose the corret answer from the codes given below. Code

a) 1, 2 and 4

b) 1, 2 and 3

c) 2, 3 and 4

d) 2, 3 and 4

Discuss »

Answer: (b)

Question : 3

Consider the following statements:

  1. Real GDP has steadily increased in the last decade
  2. GDP at current market prices has steadily increased in the last decade
Select the correct answer using the code given below:

a) Both (i) & (ii)

b) (ii) only

c) (i) only

d) Neither (i) nor (ii)

Discuss »

Answer: (a)

Real GDP (i.e. GDP at constant market prices) and Nominal GDP (i.e. GDP at current market prices) both have steadily increased in the last decade (in fact in the last 30 years) but the growth rate of Real GDP and Nominal GDP has fluctuated and has not increased steadily in the last decade.

Refer the Trends

Question : 4 [UPPCS (Pre) 2007]

‘Super Rice’ was developed by

a) G.S. Khush

b) M.S. Swaminathan

c) P.K. Gupta

d) N.E. Borlaug

Discuss »

Answer: (a)

Question : 5

Consider the following statements regarding the services trade of India:

  1. Value of export of services is equal to merchandise exports
  2. India services trade is steadily in surplus in the last decade
Select the correct answer using the code given below:

a) Both (i) & (ii)

b) (ii) only

c) (i) only

d) Neither (i) nor (ii)

Discuss »

Answer: (b)

India’s services exports are around 7.7% of GDP in 2018-19, while merchandise exports are around 12.1% of GDP.

India’s services imports are around 4.6% of GDP in 2018-19. India’s services trade has been consistently in surplus for the last decade.

Refer the Trends

Macro fundamentals, GDP, Investment, Growth Definitions, Example Questions Answer with Short Tricks & Tips useful for all types of Competitive Examinations

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