5 Questions
What is the Gross Domestic Product (GDP) a measure of?
National income
How can a country's GDP be measured?
Through Gross Value Added, Total Expenditure, or Total Income
What is Nominal GDP?
The market value of goods and services produced in an economy, unadjusted for inflation
What is the main cause of inflation?
Demand-pull pressure
Which index can be used to measure inflation in India?
Consumer Price Index (CPI)
Test your knowledge on the structure of market economy and Gross Domestic Product (GDP) with this introductory quiz based on the Crisil QnA-Dec-2023.
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