Question : The value of GDP at the current prevailing prices is called _______.

Option 1: nominal GDP

Option 2: current GDP

Option 3: domestic GDP

Option 4: Real GDP

Question : Residex is associated with:

Option 1: share prices

Option 2: price inflation

Option 3: mutual fund prices

Option 4: housing prices

Question : The main effect of direct taxes is on:

Option 1: food prices

Option 2: consumer goods

Option 3: capital goods

Option 4: income

Question : GDP deflator =

Option 1: (nominal GDP × Real GDP) × 100

Option 2: (nominal GDP + Real GDP) × 100

Option 3: (nominal GDP - Real GDP) × 100

Option 4: (nominal GDP / Real GDP) × 100

Question : Effect of The Industrial Policy, 1956 on industries was _____.

Option 1: industries started to get diversified

Option 2: India become self-sufficient in industrial goods

Option 3: imports of those goods which could be produced in India itself was avoided

Option 4: industries share fell in the GDP during 1991