macro fundamentals, GDP, investment & growth section 4 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 : 11
India is planning to become a $5 Trillion economy by 2024-25. Consider the following statements.
- It is in nominal terms
- It is in PPP terms
- 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
Answer »Answer: (a)
2018-19 2024-25 USD 2.7 Trillion USD 5 Trillion (nominal GDP) (Nominal GDP)
So, it requires 85% growth in six years, which comes down to around 12% compounded annual growth. This 12% is nominal growth which can be achieved with real growth of around 8% and inflation of around 4%.
Question : 12
Consider the statements regarding the various inflation indices published in the country:
- Wholesale Price Index (WPI) does not represent the inflation in services
- Consumer Price Index (CPI) represents the inflation in goods and services
- CPI and WPI represent the inflation of imported goods also
- 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
Answer »Answer: (d)
Services are not traded/transacted in the wholesale markets. So, WPI data does not include inflation due to services. So, (i) statement is true
When goods are imported in India, first they move to the wholesale mandis and then they come to the retail markets. So, wholesale prices and retail prices both get impacted because of the imported goods.
So, (iii) statement is true.
As the formula of GDP Deflator (is) = $\text"Nominal GDP"/\text"Real GDP"$
Since GDP includes only domestic goods and services, hence, GDP Deflator does not include inflation due to imported goods and services. So, (iv) statement is true.
IMPORTANT indian economy mcq EXERCISES
Macro fundamentals, GDP, Investment, Growth Shortcuts »
Click to Read...macro fundamentals, GDP, investment & growth section 4 Online Quiz
Click to Start..Macro fundamentals, GDP, Investment, Growth Shortcuts and Techniques with Examples
indian economy MCQ CATEGORIES
-
» Introduction to Indian Economy
-
» Planning, Economic Development & Five year Plans
-
» National Income & Human Development Index
-
» Agriculture Sector, Subsidy and Food Processing
-
» Industries, Manufacturing & Service Sectors
-
» Inclusive growth, Sustainable development and employment
-
» Poverty & Unemployment
-
» Introduction to Micro Economics
-
» Introduction to Macro Economics
-
» Macro fundamentals, GDP, Investment, Growth
-
» Demand & Supply, Profit Loss, Inflation & Price Index
-
» Fiscal Policy, Public Finance and Monetary Policy
-
» Money Supply, Banking and Financial Institutions
-
» Taxes Types, Methods & Budgeting Process
-
» Banking, Security Market & Insurance
RECENT BLOGS
Recently Added Subject & Categories For All Competitive Exams
Number System - Aptitude Problems For IBPS RRB PO Prelims
Free Important 100+ Aptitude Number System practice multiple choice questions and answers test & Quiz PDF for IBPS RRB PO (Officer Scale 1) Prelims 2024 Exam
Continue Reading »
Classification MCQ Test: IBPS RRB PO 2024 Scale-1 Prelims
Free 150+ Classification Verbal Reasoning Multiple choice questions and answers practice test series PDF, Free Quiz For IBPS RRB PO Officer Scale 1 Level 2024
Continue Reading »
100+ Analogy Verbal Questions Answers PDF For IBPS RRB PO
Most Important Analogy Verbal Reasoning Multiple choice questions and answers practice test series PDF & Free Quiz For IBPS RRB PO Officer Scale 1 Level 2024
Continue Reading »
IBPS RRB Clerk 2024 Seating Arrangement Questions Answers
Seating Arrangement: Verbal Reasoning Practice multiple choice questions and answers test & Quiz PDF for IBPS RRB (Assistant Multipurpose) Clerk Prelims 2024
Continue Reading »