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Monday, August 26, 2019

economics -macro-Prelims booster quiz answer day-04

1.Which of the following has/have occurred in India after its liberalization of economic policies in 1991?
 1. Share of agriculture in GDP increased enormously.
 2. Share of India’s exports in world trade increased.
 3. FDI inflows increased.
 4. India’s foreign exchange reserves increased enormously.
Select the correct answer using the codes given below:
(a) 1 and 4 only
(b) 2, 3 and 4 only
(c) 2 and 3 only
(d) 1, 2, 3 and 4
Ans-B
gdp graph of agriculture after liberation
       gdp graph of agriculture after liberation 
 liberalization
 liberalization

2.There has been a persistent deficit budget year after year. Which action/actions of the following can be taken by the Government to reduce the deficit?
1. Reducing revenue expenditure
2. Introducing new welfare schemes
3. Rationalizing subsidies
4. Reducing import duty
Select the correct answer using the code given below.
(a) 1 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2, 3 and 4
Ans-C
budget deficit occurs when expenses grater than revenue .indicate the financial health of a country

3.Which of the following is/are included in the capital budget of the Government of India?
1. Expenditure on acquisition of assets like roads, buildings, machinery, etc.
2. Loans received from foreign governments
3. Loans and advances granted to the States and Union Territories
Select the correct answer using the code given below.
(a) 1 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Ans-D
The Capital Budget is an account of the assets as well as liabilities of the central government; it takes into consideration changes in capital.
budget



4.In the 'Index of Eight Core Industries', which one of the following is given the highest weight?
 (a) Coal production
 (b) Electricity generation
 (c) Fertilizer production
 (d) Steel production
Ans-B
Eight Core Industries

5.With reference to Indian economy, consider the following statements:
1. The rate of growth of Real Gross Domestic Product has steadily increased in the last decade.
2. The Gross Domestic Product at market prices (in rupees) has steadily increased in the last decade. Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Ans-B
rate of growth of Real Gross Domestic Product
                                   source-real gross domestic rate
,

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