Types of GDP AFCAT Questions

AFCAT Indian Economy

Types of GDP MCQ Questions


7.
The primary objective of GDP calculation is to?
A.
Measure inflation
B.
Measure economic growth
C.
Measure exports
D.
Measure money supply
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ANSWER :
B. Measure economic growth
8.
Which method is NOT used for GDP calculation?
A.
Production method
B.
Inflationary method
C.
Income method
D.
Expenditure method
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ANSWER :
B. Inflationary method
9.
GDP includes which of the following?
A.
Transfer payments
B.
Illegal activities
C.
Final goods and services
D.
Household unpaid work
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ANSWER :
C. Final goods and services
10.
The value of intermediate goods is?
A.
Added in GDP
B.
Excluded from GDP
C.
Subtracted from GDP
D.
Multiplied in GDP
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ANSWER :
B. Excluded from GDP
11.
Which organization in India is responsible for GDP calculation?
A.
RBI
B.
National Statistical Office (NSO)
C.
SEBI
D.
Ministry of Finance
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ANSWER :
B. National Statistical Office (NSO)
12.
The formula for GDP using the expenditure method is?
A.
C + I + G + (X - M)
B.
C + I + G
C.
C + I - G
D.
C - I + G
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ANSWER :
A. C + I + G + (X - M)