Quiz Based on Economic Survey 2019-20

Quiz Based on Economic Survey 2019-20

Total No of Questions: 10
Set Number: 1

1. As per the Economic Survey 2019-20 report, India needs to spend about how much amount to achieve GDP of USD 5 trillion by 2024-25?
   A) USD 1.9 billion
   B) USD 2.2 trillion
   C) USD 1.0 billion
   D) USD 1.4 trillion
   
   View answer

   Option D
   Explanation: To achieve GDP of $5 trillion by 2024-25, India needs to spend about $1.4 trillion over these years on infrastructure
2. Which country was the largest trading partner of India in 2019-20?
   A) Iraq
   B) Germany
   C) United States
   D) France
   
   View answer

   Option C
   Explanation: India’s top five trading partners continue to be USA, China, UAE, Saudi Arabia and Hong Kong.
3. What is the estimated GDP growth for Indian economy in 2019-20 fiscal as per the First Advance Estimate of CSO?
   A) 4.9%
   B) 5%
   C) 6.1%
   D) 5.8%
   
   View answer

   Option B
   Explanation: 5 % GDP growth for 2019-20 based on CSO’s first Advance Estimates. India’s economic growth is expected to “strongly rebound” to 6-6.5 per cent in 2020-21 from 5 per cent estimated in the current fiscal.
4. India has been ranked third globally, in terms of number of new firms created in the year 2018 by World Bank. How many new firms were created in 2018 as compared to 70 thousand new firms in 2014?
   A) 1.70 lakh
   B) 1.55 lakh
   C) 1.91 lakh
   D) 1.24 lakh
   
   View answer

   Option D
   Explanation: About 1.24 lakh new firms created in 2018, an increase of about 80 % from about 70,000 in 2014.
5. The Forest and tree cover in India has increased drastically and accounts for __________ percent of the total geographical area of the country.
   A) 24.56 %
   B) 12.77%
   C) 32.15%
   D) 21.12%
   
   View answer

   Option A
   Explanation: Forest and tree cover:- Increasing and has reached 80.73 million hectare. 24.56 % of the geographical area of the country.
6. How much amount has been projected to be invested by the government in the infrastructure sector over a period of five years spanning 2020-2025?
   A) Rs 200 lakh crore
   B) Rs 155 lakh crore
   C) Rs 102 lakh crore
   D) Rs 271 lakh crore
   
   View answer

   Option C
   Explanation: Report of the Task Force on National Infrastructure Pipeline released on 31.12.2019 has projected total infrastructure investment of Rs. 102 lakh crore during the period FY 2020 to 2025 in India.
7. As per the data, 3.39 crore children and 87.18 lakh pregnant women from __________  districts have been vaccinated under the Mission Indradhanush till date
   A) 514
   B) 680
   C) 702
   D) 410
   
   View answer

   Option B
   Explanation: Mission Indradhanush has vaccinated 3.39 crore children and 87.18 lakh pregnant women of 680 districts across the country.
8. As per the report, service sector accounts for approx what percent of the total size of the economy?
   A) 35%
   B) 40%
   C) 55%
   D) 60%
   
   View answer

   Option C
   Explanation: Service Sector accounts for about 55 % of the total size of the economy and GVA growth.
9. Which country was the largest source of Import for India in the year 2019-20?
   A) UAE
   B) Japan
   C) Singapore
   D) China
   
   View answer

   Option D
   Explanation: India’s imports continue to be largest from China, followed by USA, UAE and Saudi Arabia.
10. The Department of Drinking Water and Sanitation (DDWS), has launched document on ‘Rural Sanitation Strategy’ to focus on increasing access to solid and liquid waste management. The document has been launched for a period of how many years?
    A) 10 years
    B) 5 years
    C) 7 years
    D) 15 years
    
    View answer

    Option A
    Explanation: A 10 Year Rural Sanitation Strategy (2019-2029) launched to focus on sustaining the sanitation behavior change and increasing access to solid and liquid waste management.

Click Here to Read the Economic Survey 2019-20