ECONOMIC SURVEY (2019-20)

                          Top 20 MCQs

Question no 1:-

Who prepared Economic survey ?
Ans- Department of Economic Affairs, ministry of finance

Question no 2:-

What is the colour of Economic survey 2019-20?
Ans- Lavender

Question no 3:-

What is the theme of Economic survey 2019-20?
Ans- Wealth creation

Question no 4:-

Which is the highest growing sector for the year 2019-20?
Ans- Service sector (6.9%)

Question no 5:-

Consider the following statement about GDP( Gross Domestic Product)
a-  GDP is the total monetary value of all the finished goods and services produced within a country in a specific time period.
b- According to Economic survey 2019-20 GDP growth for financial year- 20 is 5.0%.
c- 5.0% is the lowest in past 10 years.
Which of the above statement is/are correct?
A- a,b
B- b,c
C- a,b and c
D- non of the above

Ans-C

Question no 6:-

Consider the following statement about Fiscal deficit
a- Fiscal deficit is the shortfall in government income compare to its spending.
b- for FY-20 ,fiscal deficit is 3.3% of GDP.
Which of the above statement is/are correct?
A- only a
B- only b
C- both a and b
D- neither a nor b

Ans-C

Question no 7:-

Consider the following statement about Consumer Price Index
a- CPI is the average change in prices over time that consumers pay for a basket of goods and services.
b- For FY-20, CPI increases 4.1% than 3.7% in FY-19
Which of the above statement is/are correct
A-only a
B- only b
C- both a and b
D- neither a nor b

Ans-C

Question no 8:-

Consider the following statement about GVA(gross value added)
a- It is matric to measure the contribution of a industry, sector, company to an economy.
b- service sector is the largest contributing sector for FY-20
Which of the above statement is/are correct
A- only a
B- only b
C- both a and b
D- neither a nor b

Ans-C

Question no 9:-

Which is the largest export destination of FY-20 for India?
Ans- USA

Question no 10:-

Which is the largest import destination of FY-20 for India?
Ans- China

Question no 11:-

Which is the top export item of FY-20 for India?
Ans- petroleum products.

Question no 12:-

Which is the top import item of FY-20 for India?
Ans- crude petroleum

Question no 13:-

Consider the following statement about Current Account Deficit
a- it is a measurement of country's trade ,where the value of goods and services it imports exceeds the value of goods and services it exports.
b- For FY-20, Current Account Deficit is 1.5% of GDP.
Which of the above statement is/are correct
A- only a
B- only b
C- both a and b
D- neither a nor b

Ans-C

Question no 14:-

Consider the following statement about agriculture sector
a- GVA from agricultural sector for FY-20 to growth is 2.8%.
b- agricultural productivity constrained from previous year with 40%.
Which of the above statement is/are correct?
A- only a
B- only b
C- both a and b
D- neither a nor b

Ans-C

Question no 15:-

Consider the following statement about forest cover in India
a- Forest cover in India increase to 24.56%.
b- Andhra Pradesh top the chart in forest cover list.
Which of the above statement is/are correct?
A- only a
B- only b
C- both a and b
D- neither a nor b

Ans-A
* Karnataka top the chart.

Question no 16:-

Consider the following statement about forex reserve in India
a- Forest reserve in India is constantly growing from last 5 years.
b- Forest reserve in India for FY-20 stands at 461.2 US$.
Which of the above statement is/are correct?
A- only a
B- only b
C- both a and b
D- neither a nor b

Ans-B

Question no 17:-

Consider the following statement about service sector in India
a- it is the largest growing sector in India.
b- it gets 2/3 of the total FDI inflows in FY-20.
c- it contributes 38% total exports.
Which of the above statement is/are correct?
A- a,b
B- b,c
C- a,b and c
D- non of the above

Ans-C

Question no 18:-

Consider the following statement about AAGR( Average Annual Growth Rate)
a- It is the average increase in the value of an asset over the period of a year.
b- Livestock sector has the highest AAGR in FY-20.
Which of the above statement is/are correct?
A- only a
B- only b
C- both a and b
D- neither a nor b

Ans-C

Question no 19:-

Consider the following statement about 'Invisible hand 'theory.
a- it praposed by Adam Smith .
b- it advocates government depends on market force.
Which of the above statement is/are correct?
A- only a
B- only b
C- both a and b
D- neither a nor b

Ans-C
* In his book ' The Wealth of Nation's

Question no 20:-

Which will be the most effective sector for job opportunities and wealth creation as per Economic survey-2019-2O?
Ans- Export sector.





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