SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following statement is FALSE?
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The growth of agriculture during reforms period decreased.
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The growth of Industry during reforms period decreased
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Foreign Direct investment increased
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Growth of GDP decreased
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Explanation:
Detailed explanation-1: -Thus an increase in real GDP (i.e., economic growth) will cause an increase in average interest rates in an economy. In contrast, a decrease in real GDP (a recession) will cause a decrease in average interest rates in an economy.
Detailed explanation-2: -GDP increases when a country has a positive trade balance or surplus. However, GDP decreases when a country spends more money importing goods and products than it makes exporting goods and products, which leads to a trade deficit.
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