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NABARD GR A 2016 EXAM MCQ STUDY MATERIAL ON ECONOMIC & SOCIAL ISSUES

India has experienced persistent and high food inflation in the recent past. What could be the reasons? Due to a gradual switchover to the cultivation of commercial crops, the area under the cultivation of food grains has steadily decreased in the last five years by about 30%.
As a consequence of increasing incomes, the consumption patterns of the% people have undergone a significant change.
The food supply chain has structural constraints. Which of the statements given above1 are correct? (a.) 1 and 2 only (b.) 2 and 3 only (c.) 1 and 3 only (d.) 1, 2 and 3 Solution (b) In terms of economy, the visit by foreign nationals to witness the XIX Common Wealth Games in India amounted to (a.) Export (b.) Import (c.) Production (d.)Consumption Solution (a) Which one of the following statements appropriately describes the “fiscal stimulus”? (a.) It is a massive investment by the Government in manufacturing sector to ensure the supply of goods to meet the demand surge caused by rapid economic growth (b.) It is a…