Indian GDP Solved Questions
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Answer key: GDP of India MCQ (Quiz)
|(01).||a||According to the estimate, it will see postive growth of 9.2% in the Fiscal Year 2021-22. The positive growth is due to agricultural and manufacturing sectors.|
|(02).||d||The Indian economy witnessed a contraction growth of -7.3% in the Indian Gross Domestic Product.|
|(03).||c||In the fiscal year 2021-22, the agricultural and manufacturing sectors are the reasons of growth in the gross domestic product.|
|(04).||c||The agriculture sector is estimated to grow in the Fiscal Year 2022 at the rate of 3.9%.|
|(05).||d||The manufacturing sector is estimated to grow in the Fiscal Year 2022 at the rate of 12.5%.|
|(06).||b||1. Nominal gross domestic product is based on the current prices.|
2. Here, inflation is a negative force.
3. Growing nominal GDP from year to year might reflect a rise in prices.
4. Real GDP start with nominal GDP.
|(07).||c||To see the current value of the Indian gross domestic product, you can visit World Bank’s website.|
|(08).||a||The current status of a country is based on its GDP, Human Development Index, National Income, etc.|
|(09).||b||India is a middle income country.|
|(10).||c||Mixed economy is the characteristic of the Indian economy.|
|(12).||d||The Purchasing Power Parity is a money conversation rate. Most of the world’s developing countries use USD as an unit to converse their currency.|
|(13).||a||IMF stands for the International Monetary Fund.|
The work of IMF are as follows:
1. To promote global economic growth.
2 To promote and financial stability.
3. To encourage international trade.
4. To reduce poverty.
|(15).||a||The Indian financial year starts from 1 April. It ends on 31 March.|
|(20).||a||The agricultural sectors play a major role in the Indian economy.|
|(23).||c||The Human Development Index of India is medium. It is low in many states.|
(1). HDI of India: 0.645 (Medium).
(2). HDI of Kerala: 0.782 (Highest in India).
(3). HDI of Bihar: 0.574 (Lowest in India).
|(25).||a||Adress of the National Statistical Office: Sardar Patel Bhawan, Parliament Street, New Delhi.|
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