MEDIUM
IDBI Assistant Manager
IMPORTANT
Earn 100

What is the difference between Real GDP and Nominal GDP?
1. Real GDP values are adjusted for inflation, while nominal GDP values are not.
2. Nominal GDP value is usually higher than Real GDP value.
3. Real GDP is expressed in the Base year price, but Nominal GDP is expressed in the current year price.
Which of the above statements is/are correct? Select the correct answer using the codes below: 

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Important Questions on Practice Test

EASY
IDBI Assistant Manager
IMPORTANT
Who among the following first proposed the idea of centralised planning for India?
MEDIUM
IDBI Assistant Manager
IMPORTANT

What were the causes/reasons that led to 1991 economic reforms?

1. Unable to repay abroad borrowings

2. Low Forex reserves

3. High inflation

4. Bankruptcy

Select the correct answer using the code given below:

MEDIUM
IDBI Assistant Manager
IMPORTANT
Economic growth in country X will necessarily have to occur if _____.
MEDIUM
IDBI Assistant Manager
IMPORTANT

Consider the following statements regarding NITI Aayog:

1. Promote Cooperative and competitive federalism

2. Encourages decentralized Planning

3. Platform for dispute resolution on inter-sectoral and inter-departmental issues

4. Focus on Technology upgradation

Select the correct answer using the code given below:

HARD
IDBI Assistant Manager
IMPORTANT

Which of the following statements are CORRECT?

1. Economic Growth results in quantitative changes but economic development bring both quantitative and qualitative changes.
2. Economic development is one of the features of economic growth.
3. Unlike economic development, Economic growth is a pulsative process.

Which of the above statements is/ are CORRECT?

MEDIUM
IDBI Assistant Manager
IMPORTANT

Consider the following items:

1. Consumer goods and services

2. Gross private domestic investment

3. Goods and services produced by the government

4. Net income from abroad

Which of the above items are included in GNP?

MEDIUM
IDBI Assistant Manager
IMPORTANT

Which of the following are reflected in a budget document?

1. Budgetary Estimate of current financial year.

2. Budgetary Estimate of next financial year.

3. Actual figures of previous financial year.

4. Revised Estimates of current financial year.

Which of the above are included in Budget document?

MEDIUM
IDBI Assistant Manager
IMPORTANT

Consider the following:

1. Government debts

2. Recoveries of loans and advances

3. Tax Receipts

4. Disinvestments

Which of the above mentioned is/are included in Capital Account?