Quiz on Economic Survey

Quiz Based on Economic Survey 2019-20

Quiz Based on Economic Survey 2019-20 – Set 2

Total No of Questions: 10
Set Number: 2

  1. Who is the current Chief Economic Adviser in the Ministry of Finance?
    A) Anurag Singh Thakur
    B) Vipul Bansal
    C) Krishnamurthy V. Subramanian
    D) Anil Yadav
    View answer
    Option C
    Explanation: The economic survey is prepared under the guidance of the Chief Economic Adviser of Finance Ministry. The present Chief Economic Adviser is Krishnamurthy V. Subramanian.
  2. The first Economic Survey of India was presented in which financial year?
    A) 1950-51
    B) 1962-63
    C) 1947-48
    D) 1955-56
    View answer
    Option A
    Explanation: The first Economic Survey of India was presented in the year 1950-51.
  3. India aspires to become USD 5 trillion economy by which fiscal year?
    A) 2025-26
    B) 2024-25
    C) 2022-23
    D) 2023-24
    View answer
    Option B
    Explanation:Prime Minister Narendra Modi has envisaged vision of making India a $5 trillion economy and a global economic powerhouse by 2024-25
  4. What was the rank of India in the World Bank’s Ease of Doing Business Rankings 2019?
    A) 112
    B) 142
    C) 79
    D) 65
    View answer
    Option C
    Explanation:A jump of 79 positions to 63 in 2019 from 142 in 2014 in World Bank’s Doing Business rankings
  5. The Year 2019 marked ___________ years of Nationalization of Banks in India
    A) 100
    B) 25
    C) 75
    D) 50
    View answer
    Option D
    Explanation: Survey observes 2019 as the golden jubilee (50th) year of bank nationalization
  6. As per the survey report, the growth rate of the global economy has been estimated at all time low at________
    A) 2.1%
    B) 2.9%
    C) 2.5%
    D) 2.7%
    View answer
    Option B
    Explanation: The year 2019 was a difficult year for the global economy with world output growth estimated to grow at its slowest pace of 2.9 per cent since the global financial crisis of 2009, declining from a subdued 3.6 per cent in 2018 and 3.8 per cent in 2017.
  7. The Economic Survey report 2019-20 states that the Logistics industry in India is expected to touch USD 215 billion by which year?
    A) 2020
    B) 2022
    C) 2021
    D) 2023
    View answer
    Option A
    Explanation: Logistics industry of India- Currently estimated to be around US$ 160 billion. Expected to touch US$ 215 billion by 2020.
  8. The rank of India in the Logistics Performance Index 2018 was 44 compared to 54 in 2014. The index was released by which body?
    A) UNDP
    B) World Economic Forum
    C) World Bank
    D) Asian Development Bank
    View answer
    Option C
    Explanation:According to World Bank’s Logistics Performance Index, India ranks 44th in 2018 globally, up from 54th rank in 2014.
  9. The GVA at basic prices for 2019-20 from ‘Agriculture, Forestry and Fishing’ sector is estimated to grow by 2.8 %. What does GVA stands for?
    A) General Valued Asset
    B) Guaranteed Value Added
    C) Global Valued Asset
    D) Gross Value Added
    View answer
    Option D
    Explanation: Gross Value Added (GVA) at Basic Prices for 2019-20 from ‘Agriculture, Forestry and Fishing’ sector is estimated to grow by 2.8 %.
  10. The Economic survey 2019-20 reports that the Service Sector accounts for about _____ percent of total exports.
    A) 68%
    B) 38%
    C) 42%
    D) 55%
    View answer
    Option B
    Explanation: Service Sector accounts for: About 55 % of the total size of the economy and GVA growth. Two-thirds of total FDI inflows into India. About 38 per cent of total exports. More than 50 % of GVA in 15 out of the 33 states and UTs.

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