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Types of GDP AFCAT Questions
AFCAT SYLLABUS
AFCAT Indian Economy
Supply and Demand
Poverty and Unemployment
National and Per Capita Income
GST Development
Social Welfare Schemes
Banking
Types of GDP
Economic System and Market Structures
Types of GDP MCQ Questions
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1.
GDP stands for?
A.
Gross Domestic Product
B.
Gross Demand Product
C.
General Domestic Product
D.
General Demand Product
😑
View Answer
Rough Work
Error
ANSWER
:
A. Gross Domestic Product
2.
Which sector is the largest contributor to India's GDP?
A.
Agriculture
B.
Services
C.
Industry
D.
Mining
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Error
ANSWER
:
B. Services
3.
GDP measures the market value of?
A.
Goods only
B.
Services only
C.
Goods and services
D.
Intermediate goods
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Error
ANSWER
:
C. Goods and services
4.
Nominal GDP is measured at?
A.
Current prices
B.
Constant prices
C.
Market prices
D.
Factor cost
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View Answer
Rough Work
Error
ANSWER
:
A. Current prices
5.
Real GDP is measured at?
A.
Current prices
B.
Constant prices
C.
Market prices
D.
Factor cost
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View Answer
Rough Work
Error
ANSWER
:
B. Constant prices
6.
Which of the following is excluded from GDP calculations?
A.
Consumption expenditure
B.
Government spending
C.
Net exports
D.
Black market activities
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View Answer
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Error
ANSWER
:
D. Black market activities
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