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MCQ Practice Test & Solutions: Test: Economic Survey 2020-21: 1 (10 Questions)

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Test Highlights:

  • - Format: Multiple Choice Questions (MCQ)
  • - Duration: 20 minutes
  • - Number of Questions: 10

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Test: Economic Survey 2020-21: 1 - Question 1

Name of the Minister who showed the Economic Survey 2021 in the Parliament?

Test: Economic Survey 2020-21: 1 - Question 2

The economic survey is prepared by a team led by the Chief Economic Adviser (CEA) of the Finance Ministry. Who is the current CEA for the Economic Survey 2020-21?

Detailed Solution: Question 2

The economic survey is prepared under the guidance of the Chief Economic Adviser of the Finance Ministry. The present Chief Economic Adviser is Krishnamurthy V. Subramanian.

Test: Economic Survey 2020-21: 1 - Question 3

The Economic Survey is Annual Document prepared by Department of Economic Affairs, the Ministry of Finance under the guidance of 

Test: Economic Survey 2020-21: 1 - Question 4

When is the economic survey generally tabled in the Parliament?

Detailed Solution: Question 4

Union Finance Minister Nirmala Sitharaman tabled Economic Survey 2020-21 in the Parliament on January 29, 2021.  The survey is generally presented a day before the Union Budget.

Test: Economic Survey 2020-21: 1 - Question 5

Who tabled the Economic Survey 2021 in the Parliament?

Detailed Solution: Question 5

Union Finance Minister Nirmala Sitharaman tabled Economic Survey 2020-21 in the Parliament on January 29, 2021. The survey is generally presented a day before the Union Budget.

Test: Economic Survey 2020-21: 1 - Question 6

Consider the following statements regarding External Sector of the Economy 
(i) India to end with an Annual Current Account Surplus after a period of 17 years
(ii) Trade balance with China and US improved as import slowed
(iii) Remittance declined by 6.7%
Select the CORRECT code given below

Test: Economic Survey 2020-21: 1 - Question 7

What is the theme of the Economic Survey 2020-21?

Detailed Solution: Question 7

Theme of the Economic Survey 2020-21 – #SavingLives&Livelihoods  #VshapedRecovery

Test: Economic Survey 2020-21: 1 - Question 8

Consider the following statements regarding Defence structural reforms
I. Corporatization of Ordnance Factory Board
II. FDI limit in the Defence manufacturing under automatic route : 74%
III. Time-bound defence procurement process

Select the CORRECT code given below

Test: Economic Survey 2020-21: 1 - Question 9

What is the real growth rate for FY21 as per the survey?

Detailed Solution: Question 9

The real growth rate for FY21 has been taken as -7.7% (MoSPI) in Economic Survey 2020-21 and real growth rate for FY22 is assumed as 11.5 % based on IMF estimates.

Test: Economic Survey 2020-21: 1 - Question 10

Who among the following introduced the detailed presentation of the annual Economic Survey 2021 to the public?

Detailed Solution: Question 10

The Chief Economic Adviser KV Subramanian addressed a press conference on January 29, 2021 during which he introduced the highlights of the annual Economic Survey 2021 document. This follows the presentation of the survey in both houses of the Parliament by Finance Minister Nirmala Sitharaman.

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