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Economic Survey 2018 Quiz | Economic Survey 2018 Objective Type Questions and Answers

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Questions
21 What is the average percentage of growth of GDP from 2014-15 to 2017-18
A 7.3
B 7.2
C 7.0
D 7.4

Answer: 7.3
22 Economic survey 2018 was pointed out that the ROSL has increased exports of readymade garments (man-made fibers) by about 16 per cent but not of others. What is the meaning of “L” in ROSL?
A Linked
B Levies
C Liquidity
D None of these

Answer: Levies
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23 How many percent of GDP is India‘s internal trade in goods and services (excludes non-GST goods and services) is actually even higher
A 70
B 40
C 60
D None

Answer: 60
24 With reference to Monetary Policy Committee (MPC), consider the following statements:

1. MPC determines the policy rates required to achieve the inflation target.

2. MPC was given statutory basis by amending the Reserve Bank of India (RBI) Act, 1934.

Which of the statements given above is/are correct?
A 1 only
B 2 only
C Both 1 and 2
D None of these

Answer: Both 1 and 2
25 With reference to headline inflation, consider the following statements:

1. It is a measure of inflation excluding the commodities which tend to be more volatile.

2. The headline inflation based on the Consumer Price Index - Combined (CPI-C) is showing a declining trend from last five years.

Which of the statements given above is/are correct?
A 1 only
B 2 only
C Both 1 and 2
D Neither 1 nor 2

Answer: 2 only
26 The term "lighthouse effect" used in economic survey 2018-19 refers to?
A It shows the relationship between wage hike and minimum wage in an informal sector
B It refers to the use of per capita energy in economy
C The trend of growing MSME sector and its contribution in the economy
D The contribution of women in India’s GDP growth

Answer: It shows the relationship between wage hike and minimum wage in an informal sector
27 With reference to the Indian economy in the year 2018-19, consider the following statements:

1. India is the world’s 7th largest economy in terms of GDP.

2. CPI inflation in India is declining in the last few years.

3. The Current Account Deficit (CAD) has decreased in recent times.

Which of the statements given above is/are correct?
A 1 only
B 2 only
C 1 and 2 only
D Neither 1 nor 2

Answer: 1 and 2 only
28 With reference to Indian economy in 2018-19, consider the following statements:

1. There is a reduction in revenue expenditure and an increase in capital expenditure in year 2018-19.

2. There is an increase in the direct taxes and a decrease in indirect tax collection for the year 2018-19.

3. For the year 2018-19, provisional estimate of debt to GDP ratio and fiscal deficit stood at 44.5 % and 3.4 % of GDP respectively.

Which of the statements given above is/are correct?
A 1 only
B 2 and 3 only
C 3 only
D 1, 2 and 3

Answer: 1, 2 and 3
29 The “Project Sashakt” is related to which of the following?
A It is a resolution scheme to resolve the problem of Non Performing Assets (NPA) through market led approach.
B It aims to strengthen the infrastructure of government schools.
C The project is launched to develop capacity building of young entrepreneurs.
D The scheme is adopted to empower the women at the workplace.

Answer: It is a resolution scheme to resolve the problem of Non Performing Assets (NPA) through market led approach.
30 Which among the following is/are the measures to be taken by the government to contain inflation as suggested by Economic Survey 2018-19?

1. Lowering the Minimum Support Price for various crops.

2. Setting up Price Stabilization Fund (PSF).

3. Enforcing the Essential Commodities Act.

Select the correct answer using the code given below:
A 1 only
B 2 and 3 only
C 3 only
D 1, 2 and 3

Answer: 2 and 3 only
31 Which among the following are the components of Swachh Bharat Mission?

1. Community participation

2. Behaviour change

3. Corporate Social Responsibility

4. Solid waste managemen

t

5. Geo-tagging of physical assets

Select the correct answer using the code given below:
A 1 and 2only
B 2 and 3 only
C 1, 2 and 3
D All of the above

Answer: All of the above

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