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

Question : 11

India is planning to become a $5 Trillion economy by 2024-25. Consider the following statements.

1. It is in nominal terms
2. It is in PPP terms
3. It will require compounded annual real growth of around 8%, with 4% inflation

a) (i) & (iii) only

b) (ii) only

c) (i) only

d) (ii) & (iii) only

Question : 12

Consider the statements regarding the various inflation indices published in the country:

1. Wholesale Price Index (WPI) does not represent the inflation in services
2. Consumer Price Index (CPI) represents the inflation in goods and services
3. CPI and WPI represent the inflation of imported goods also
4. GDP deflator captures the inflation of the goods and services produced domestically

a) (ii), (iii) & (iv) only

b) (i), (ii), (iii) only

c) (i) & (ii) only

d) All of the above

Question : 13 [UPPCS (Mains) 2016]

Reason for low-productivity in Indian agriculture is

a) small land holdings

b) engagement of more persons in agricultural operations than needed

c) All of the above

d) backward technique of production

Question : 14 [UPPCS (Mains) 2014]

Long-term agricultural credit is provided by

a) District Cooperative Bank

b) Primary Cooperative Society

c) State Cooperative Bank

d) Land Development Bank

Question : 15 [UP RO (Pre) 2018]

Which of the following agencies is not engaged in exporting agricultural goods from India?

a) State Trading Corporation

b) NAFED

c) MMTC

d) IFFCO