National Income, Inflation & Growth Metrics Fading

Consider the following statements about Multidimensional Poverty Index (MPI) : 1. MPI is calculated using Alkire-Foster methodology. 2. MPI calculated by NITI Aayog has a total of twelve indicators. 3. Maternal Health a

With reference to physical capital in Indian economy, consider the following pairs: Items Category ----------------------------- 1. Farmer's plough Working capital 2. Computer Fixed capital 3. Yarn used by the

With reference to the sectors of the Indian economy, consider the following pairs: Economic activity Sector ----------------------------- 1. Storage of agricultural produce Secondary 2. Dairy farm Primary 3. M

Which of the following activities constitute the real sector in the economy? 1. Farmers harvesting their crops. 2. Textile mills converting raw cotton into fabrics 3. A commercial bank lending money to a trading company

With reference to the Indian economy, what are the advantages of "Inflation-Indexed Bonds (IIBs)"? 1. Government can reduce the coupon rates on its borrowing by way of IIBs. 2. IIBs provide protection to the investors f

Which among the following steps is most likely to be taken at the time of an economic recession?

Consider the following statements: Other things remaining unchanged, market demand for a good might increase if 1. Price of its substitute increases 2. Price of its complement increases 3. The good is an inferior good an

With reference to Indian economy, demand pull-inflation can be caused/increased by which of the following? 1. Expansionary policies 2. Fiscal stimulus 3. Inflation-indexing wages 4. Higher - purchasing power 5. Rising in

Consider the following statements: 1. The weightage of food in Consumer Price Index (CPI) is higher than that in Wholesale Price Index (WPI). 2. The WPI does not capture changes in the prices of services, which CPI does

Consider the following statements: 1. Purchasing Power Parity (PPP) exchange rates are calculated by comparing the prices of the same basket of goods and services in different countries. 2. In terms of PPP dollars, Ind

In spite of being a high saving economy, capital formation may not result in a significant increase in output due to -

If a commodity is provided free to the public by the Government, then

Increase in absolute and per capita real GNP do not connote a higher level of economic development, if -

The substitution of steel for wooden ploughs in agricultural production is an example of

Which of the following brings out the ‘Consumer Price Index Number for Industrial Workers’?

With reference to the 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

With reference to inflation in India, which of the following statements is correct?

The National Income of a country for a given period is equal to the:

Economic growth in country X will necessarily have to occur if

Which one of the following is likely to be the most inflationary in its effect?

A rise in the general level of prices may be caused by: 1. an increase in the money supply 2. a decrease in the aggregate level of output 3. an increase in the effective demand Select the correct answer using the codes

Consider the following statements : 1. Inflation benefits the debtors. 2. Inflation benefits the bondholders. Which of the statements given above is/are correct?

Economic growth is usually coupled with -

In the context of Indian economy consider the following statements : 1. The growth rate of GDP has steadily increased in the last five years. 2. The growth rate in per capita income has steadily increased in the last

A “closed economy” is an economy in which -

India has experienced persistent and high food inflation in the recent past. What could be the reason? 1. Due to a gradual switchover to the cultivation of commercial crops, the area under cultivation of food grains ha

A rapid increase in the rate of inflation is sometimes attributed to the “base effect”. What is “base effect”?