Economics

Macroeconomic Growth Factors

3,187 Questions

Macroeconomic growth factors include infrastructure, digital economy, inclusive growth, and agricultural productivity. These concepts are vital for economics and general studies papers. Review these questions to understand economic development drivers.

Inclusive growthDigital economyInfrastructure developmentStructural transformationAgricultural productivity

Macroeconomic Growth Factors Questions

Multiple choice economics how does production take place? natural resources- air, water and land land land,labour, capital and entrepreneur production mechanism

Natural resources, emanating from land, play an important role in the economic development of a country.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

More the natural resource a country has ,more prosperous it becomes.As the per capita resource gets increased,production increases and hence the economy gets richer.

Multiple choice business studies tourism, transport and communication importance of transport system importance of transportation system introduction to transport and communication

Which of the following is/are the contribution of tourism development in economy?

  1. Restaurants

  2. Shops

  3. Transportation system

  4. All of above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Tourism development helps the Indian economy in a great way. Restaurants, shops, transportation systems, recreational places etc develop because of tourism and directly contribute to the economy.

Multiple choice economics solution to basic economic problems under different economic systems supply curve and price determination in the market price mechanism and solutions supply

Which among the following influences the choice of method of production used by the public sector in a mixed economy? 

  1. Promotion of economic growth

  2. Input/Factor prices

  3. Generation of employment opportunities

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

In a mixed economy, public sector resolves the problem of 'how to produce?' keeping in mind the social welfare of the economy which includes overall economic growth and development, less input and factor prices for the availability of resources and generation of employment opportunities to eradicate poverty from the economy. 

Multiple choice organization of commerce and management entrepreneurship opportunities for an entrepreneur small business and enterprises entrepreneurship development

For the economic and industrial development Micro, Small and Medium Enterprise play an important role such as
(1) They have the capacity to absorb skilled and
unskilled labour available in the country.
(2) Such institution provide lots of employment and  allow income to get concentrated  in few hands        or in few areas.
(3)They help in eradication of poverty by providing  self-employment opportunities.

  1. Only (1)

  2. Only (2)

  3. Only (3)

  4. Only (1) & (3)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

MSMEs are vital for absorbing labor and reducing poverty through self-employment. Statement (2) is incorrect because the goal is to prevent income concentration, not to encourage it.

Multiple choice infrastructure in india infrastructure tertiary sector economics

Infrastructure is important because ______________________.

  1. Infrastructure contributes to economic development of a country

  2. modern agriculture largely depends on it

  3. efficient working of a modern industrial economy depends on it

  4. all of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

 Infrastructure plays a direct role in state's development and economical growth. Agriculture is highly dependent on infrastructure. It contains basic essential elements like airport, railways, roads, dams, hospitals, etc. 

Hence, infrastructure is very important source of developing a nation.
Therefore, D is the correct option. 

Multiple choice infrastructure in india infrastructure tertiary sector economics

Which of the following factor is not directly responsible for slowing down the growth of infrastructure ?

  1. High level of perceived political risk

  2. High level of sunk cost

  3. High probability of time and cost over-run

  4. Introduction of competition in all sectors
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Competition generally encourages efficiency and growth in infrastructure sectors, whereas risks, sunk costs, and delays are factors that hinder growth.

Multiple choice infrastructure in india infrastructure tertiary sector economics

How does infrastructure contribute to economic development of a country?

  1. Increasing the productivity of the factors of production

  2. Improving the quality of life of its people

  3. Both A and B

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation
The life of people is highly modernized if the infrastructure is well maintained. The productivity will automatically rise because of perfect labour. 
Infrastructure plays a direct role in state's development and economical growth. Agriculture is highly dependent on infrastructure. 
It contains basic essential elements like airport, railways, roads, dams, hospitals, etc. 
Hence, infrastructure is very important source of developing a nation.
Therefore, C is the correct option.
Multiple choice infrastructure in india infrastructure tertiary sector economics

Which statement is false?

  1. Development of infrastructure and economic development go hand in hand

  2. Agriculture depends on the adequate expansion and development of irrigation facilities

  3. Industrial progress depends on the development of power and electricity generation, transport and communications

  4. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
Infrastructure plays a significant role in the development of country's growth. It contains basic requirements of the state. It includes airport, sewage, roads and various other basic and essential elements. The Government of India is required to put exceptionally in the foundation part, primarily expressways, sustainable power source and urban vehicle. The Government of India is taking each conceivable activity to help the framework division.
Hence, D is the correct option.
Multiple choice

An economy is a

  1. situation where a business grows and expands

  2. system where employees responsible for workplace operations

  3. summary of potential for a business idea’s to be successful

  4. system to determine what/how to produce who will receive it.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

An economy is defined as the system by which a society produces, distributes, and consumes goods and services.

Multiple choice commerce marketing mix marketing environment meaning and definition of marketer role of marketing

Marketing can play a significant role in economic development.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Marketing is an economy's arbiter between productive capacity and consumer demand. In addition, marketing process is a critical element in the effective utilization of the production resulting from economic growth, and balance between higher production and higher consumption.

Multiple choice

Railways and lorries help to...

  1. Expand the international trade

  2. Expand the domestic trade

  3. Expand profits

  4. Expand productivity
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The development of railways and lorries significantly reduced transport costs and time, allowing goods to be moved over greater distances and thus facilitating the expansion of international trade.

Multiple choice social science poverty : challenge facing india strategy for poverty eradication programmes for poverty eradication poverty as a challenge

Economic development would be meaningless unless the growth ultimately reaches the ___________.

  1. rich strata of the society

  2. masses

  3. business firms

  4. government
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Economic development is considered inclusive only when the benefits of growth reach the masses, particularly the most vulnerable sections of society, rather than being concentrated at the top.