MCQs
Total Questions : 112
| Page 11 of 12 pages
Answer: Option C. -> Strikes and lockouts
Answer: (c)
Answer: (c)
Answer: Option C. -> (i) only
Answer: (c)
CPI includes indirect taxes. So, when government increases the GST rate, it is captured in the CPI data.
But in the new series of WPI (2011-12), the government has excluded indirect taxes while measuring WPI. This is in consonance with international practices and will make the new WPI conceptually closer to the Producer Price Index (PPI).
Answer: (c)
CPI includes indirect taxes. So, when government increases the GST rate, it is captured in the CPI data.
But in the new series of WPI (2011-12), the government has excluded indirect taxes while measuring WPI. This is in consonance with international practices and will make the new WPI conceptually closer to the Producer Price Index (PPI).
Answer: Option B. -> development of handlooms
Answer: (b)
Answer: (b)
Answer: Option D. -> Export
Answer: (d)Exports means produced within the country and sold to foreigners (or non-residents). If a foreigner is coming to India and then purchasing goods and services, then it is a case of exports. In the same way, if a foreigner is coming to India for medical treatment or tourism then the foreigner is basically purchasing medical and tourism services produced in our country. So, the best possible answer is exports.
Answer: (d)Exports means produced within the country and sold to foreigners (or non-residents). If a foreigner is coming to India and then purchasing goods and services, then it is a case of exports. In the same way, if a foreigner is coming to India for medical treatment or tourism then the foreigner is basically purchasing medical and tourism services produced in our country. So, the best possible answer is exports.
Question 105. Consider the following statements.
- The Food Safety and Standards Act, 2006 replaced the Prevention of Food Adulteration Act, 1954.
- The Food Safety and Standards Authority of India (FSSAI) is under the charge of Director General of Health Services in the Union Ministry of Health and Family Welfare.
Answer: Option B. -> Only 1
Answer: (b)
Answer: (b)
Answer: Option B. -> (ii) only
Answer: (b)
The value of capital goods produced is defined as investment.
Hence, the production of consumption goods and services are not investment. Buying and selling shares from one person to another person is also not an investment for the economy as only the ownership changes and nothing happens on the ground.
So, only (ii) statement is true.
Answer: (b)
The value of capital goods produced is defined as investment.
Hence, the production of consumption goods and services are not investment. Buying and selling shares from one person to another person is also not an investment for the economy as only the ownership changes and nothing happens on the ground.
So, only (ii) statement is true.
Answer: Option C. -> Only 3
Answer: (c)
Answer: (c)
Answer: Option B. -> (i) & (iii) only
Answer: (b)“Exports must form an integral part of the investment led growth model because higher savings preclude/prevents domestic consumption as the driver of final demand”. [Ref: Economic Survey 2018-19, Vol – I, Page 1] For detailed understanding, you can refer the book on Indian Economy by Vivek Singh.
Answer: (b)“Exports must form an integral part of the investment led growth model because higher savings preclude/prevents domestic consumption as the driver of final demand”. [Ref: Economic Survey 2018-19, Vol – I, Page 1] For detailed understanding, you can refer the book on Indian Economy by Vivek Singh.
Answer: Option A. -> (i) & (iii) only
Answer: (a)
Since last five/six quarters GDP growth is decreasing, while GDP is still increasing.
Answer: (a)
Since last five/six quarters GDP growth is decreasing, while GDP is still increasing.
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