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GDP and Gross Private Domestic Investment (GPDI)

Description: This quiz aims to evaluate your understanding of Gross Domestic Product (GDP) and Gross Private Domestic Investment (GPDI) in the context of Indian Economics. Test your knowledge on various aspects of GDP and GPDI, including their definitions, components, and their significance in the Indian economy.
Number of Questions: 15
Created by:
Tags: gdp gpdi indian economics macroeconomics
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What is Gross Domestic Product (GDP)?

  1. The total value of all goods and services produced within a country's borders in a given period of time.

  2. The total value of all goods and services consumed within a country's borders in a given period of time.

  3. The total value of all goods and services produced within a country's borders, regardless of where they are consumed.

  4. The total value of all goods and services consumed within a country's borders, regardless of where they are produced.

Show answer
Correct Option: A
Explanation:

GDP measures the monetary value of all finished goods and services produced within a country's borders in a specific time period, typically a year.

Which of the following is a component of GDP?

  1. Government spending

  2. Exports

  3. Imports

  4. All of the above

Show answer
Correct Option: D
Explanation:

GDP is calculated by summing up all the components of spending in an economy, including government spending, exports, and imports.

What is Gross Private Domestic Investment (GPDI)?

  1. The total value of all private investments made within a country's borders in a given period of time.

  2. The total value of all private investments made within a country's borders, regardless of where they are consumed.

  3. The total value of all private investments made within a country's borders, regardless of where they are produced.

  4. The total value of all private investments made within a country's borders, regardless of where they are consumed or produced.

Show answer
Correct Option: A
Explanation:

GPDI measures the monetary value of all private investments made within a country's borders in a specific time period, typically a year.

Which of the following is a component of GPDI?

  1. Residential construction

  2. Business investment

  3. Inventory investment

  4. All of the above

Show answer
Correct Option: D
Explanation:

GPDI includes investments in residential construction, business equipment, and inventory.

How does GPDI contribute to economic growth?

  1. It increases the productive capacity of the economy.

  2. It creates jobs.

  3. It raises the standard of living.

  4. All of the above

Show answer
Correct Option: D
Explanation:

GPDI contributes to economic growth by increasing the productive capacity of the economy, creating jobs, and raising the standard of living.

What is the relationship between GDP and GPDI?

  1. GDP is always greater than GPDI.

  2. GPDI is always greater than GDP.

  3. GDP and GPDI are always equal.

  4. The relationship between GDP and GPDI can vary.

Show answer
Correct Option: D
Explanation:

The relationship between GDP and GPDI can vary depending on the economic conditions and policies of a country.

Which sector of the Indian economy contributes the most to GDP?

  1. Agriculture

  2. Industry

  3. Services

  4. All of the above

Show answer
Correct Option: C
Explanation:

The services sector contributes the most to India's GDP, followed by industry and agriculture.

Which sector of the Indian economy contributes the most to GPDI?

  1. Agriculture

  2. Industry

  3. Services

  4. All of the above

Show answer
Correct Option: B
Explanation:

The industrial sector contributes the most to India's GPDI, followed by services and agriculture.

How has GPDI in India changed over the past decade?

  1. It has increased significantly.

  2. It has decreased significantly.

  3. It has remained relatively stable.

  4. It has fluctuated significantly.

Show answer
Correct Option: D
Explanation:

GPDI in India has fluctuated significantly over the past decade, influenced by various economic factors and policies.

What are some of the challenges to increasing GPDI in India?

  1. Lack of infrastructure

  2. High cost of capital

  3. Uncertainty in government policies

  4. All of the above

Show answer
Correct Option: D
Explanation:

India faces several challenges in increasing GPDI, including lack of infrastructure, high cost of capital, and uncertainty in government policies.

What are some of the government initiatives aimed at increasing GPDI in India?

  1. Make in India

  2. Startup India

  3. Digital India

  4. All of the above

Show answer
Correct Option: D
Explanation:

The Indian government has implemented several initiatives, such as Make in India, Startup India, and Digital India, to promote GPDI and economic growth.

How does GPDI affect the Indian stock market?

  1. An increase in GPDI can lead to an increase in stock prices.

  2. A decrease in GPDI can lead to a decrease in stock prices.

  3. GPDI has no impact on the stock market.

  4. The relationship between GPDI and the stock market is complex and can vary.

Show answer
Correct Option: D
Explanation:

The relationship between GPDI and the stock market is complex and can vary depending on various economic factors and market conditions.

How does GPDI affect the Indian currency?

  1. An increase in GPDI can lead to an appreciation of the Indian currency.

  2. A decrease in GPDI can lead to a depreciation of the Indian currency.

  3. GPDI has no impact on the Indian currency.

  4. The relationship between GPDI and the Indian currency is complex and can vary.

Show answer
Correct Option: D
Explanation:

The relationship between GPDI and the Indian currency is complex and can vary depending on various economic factors and market conditions.

What is the outlook for GPDI in India in the coming years?

  1. It is expected to increase significantly.

  2. It is expected to decrease significantly.

  3. It is expected to remain relatively stable.

  4. It is uncertain and depends on various economic factors.

Show answer
Correct Option: D
Explanation:

The outlook for GPDI in India in the coming years is uncertain and depends on various economic factors, including government policies, global economic conditions, and technological advancements.

How can individuals contribute to increasing GPDI in India?

  1. By saving and investing their money.

  2. By starting their own businesses.

  3. By working hard and being productive.

  4. All of the above

Show answer
Correct Option: D
Explanation:

Individuals can contribute to increasing GPDI in India by saving and investing their money, starting their own businesses, and working hard and being productive.

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