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UPSC Exam  >  UPSC Test  >  Economic Survey & Government Reports  >  Test: Economic Survey 2020-21: 4 - UPSC MCQ

Economic Survey 2020-21: 4 with solutions Attempt Free MCQ Test - UPSC


MCQ Practice Test & Solutions: Test: Economic Survey 2020-21: 4 (15 Questions)

You can prepare effectively for UPSC Economic Survey & Government Reports with this dedicated MCQ Practice Test (available with solutions) on the important topic of "Test: Economic Survey 2020-21: 4". These 15 questions have been designed by the experts with the latest curriculum of UPSC 2026, to help you master the concept.

Test Highlights:

  • - Format: Multiple Choice Questions (MCQ)
  • - Duration: 30 minutes
  • - Number of Questions: 15

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Test: Economic Survey 2020-21: 4 - Question 1
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Regarding the Bare Necessities Index, find the correct statement
(i) The economic survey has come up with bare necessities index at rural and urban levels 
(ii) It is based on 28 indicators and 4 dimensions

Detailed Solution: Question 1

The Economic Survey 2020-21 has constructed a Bare Necessities Index at rural, urban & all India level, with 26 indicators on 5 dimensions- sanitation, water, housing,micro-environment and many other facilities.

Test: Economic Survey 2020-21: 4 - Question 2
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Which among the following states was an over-performer in the number of COVID-19 cases?

Detailed Solution: Question 2

Uttar Pradesh, Gujarat and Bihar were ranked as over-performers in the number of COVID-19 cases, noted the Economic Survey 2021 team. Kerala, Telangana and Andhra Pradesh were adjudged over-performers in the number of deaths, as they managed to majorly restrict the number of fatalities.

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Test: Economic Survey 2020-21: 4 - Question 3
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Economic Survey 2020-21 data shows that the forex reserves of India stood at an all-time high of ______as on January 08, 2021

Detailed Solution: Question 3

India’s forex reserves at an all-time high of US$ 586.1 billion as on January 08, 2021, covering about 18 months worth of imports.

Test: Economic Survey 2020-21: 4 - Question 4
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India adopted a unique four pillar strategy for economic recovery. The four pillars strategy are 

Test: Economic Survey 2020-21: 4 - Question 5
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What does the Economic Survey mention regarding innovation?
(i) India has entered the top 50 innovating countries for the first time
(ii) Government's contribution to R&D expenditure is 3 times the average contributions of the top 10 economies

Detailed Solution: Question 5

The Economic Survey 2020-21 noted that India entered the top 50 innovating countries for the first time n 2020. The survey shows that the government contribution to research and development expenditure is 3 times the average contributed by governments in the top 10 economies.

Test: Economic Survey 2020-21: 4 - Question 6
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As per Economic Survey 2020-21, which state ranked highest when it came to accessing to bare necessities?

Detailed Solution: Question 6

The Economic Survey 2020-21 noted that access to  ‘bare necessities’ has improved across all States in the country in 2018 as compared to 2012. It noted that the access is highest in states such as Kerala, Punjab, Haryana and Gujarat while lowest in Odisha, Jharkhand, West Bengal and Tripura.

Test: Economic Survey 2020-21: 4 - Question 7
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What is the projected Current Account Surplus for the current fiscal FY21 as estimated in the economic survey report?

Detailed Solution: Question 7

India to Have a Current Account Surplus of 2 Per Cent of GDP in FY21.

Test: Economic Survey 2020-21: 4 - Question 8
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What will be the India's real GDP estimation in 2021-22 ?

Detailed Solution: Question 8

India's real GDP to record a growth of 11% in 2021-22 and nominal GDP by 15.4%. Its highest growth since Independence.

Test: Economic Survey 2020-21: 4 - Question 9
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The economic survey data shows that India will witness a current account surplus during the current financial year (FY21) after a gap of ________years

Detailed Solution: Question 9

India is expected to witness a current account surplus during the current financial year after a gap of 17 years

Test: Economic Survey 2020-21: 4 - Question 10
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How much is Net Foreign Direct Investment (FDI) inflows during April-October, 2020 ?

Test: Economic Survey 2020-21: 4 - Question 11
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The monetary policy of India has continued to be accommodative during 2020 as per the ES2020-21. The data shows that the RBI has cut the Repo Rate by _______ bps during the period beginning from March 2020?

Detailed Solution: Question 11

Accommodative monetary policy during 2020: repo rate cut by 115 bps since March 2020.

Test: Economic Survey 2020-21: 4 - Question 12
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Which Sector has the highest FDI inflows in India ?

Detailed Solution: Question 12

Nearly Four-Fifth of total Foreign Direct Investment (FDI) inflow into India.

Test: Economic Survey 2020-21: 4 - Question 13
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The ‘World Solar Bank’ and ‘One Sun One World One Grid Initiative’ has initiative has been launched by which organisation, to bring about solar energy revolution globally?

Detailed Solution: Question 13

International Solar Alliance (ISA) launched two new initiatives – ‘World Solar Bank’ and ‘One Sun One World One Grid Initiative’ – poised to bring about solar energy revolution globally

Test: Economic Survey 2020-21: 4 - Question 14
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 What was the share of Agriculture and Allied Sectors in Gross Value Added of the Country at Current Price for the year 2019-20 ?

Test: Economic Survey 2020-21: 4 - Question 15
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The Gross Value Added (GVA) growth of India is pegged at what percent in 2020-21?

Detailed Solution: Question 15

Gross Value Added (GVA) growth is pegged at -7.2 per cent in 2020-21 as against 3.9 per cent in 2019-20.

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This test contains 15 MCQs on Economic Survey 2020-21: 4 with detailed solutions for each question. It is part of the Economic Survey & Government Reports course on EduRev, designed to align with the current UPSC syllabus. Each solution explains not just the correct answer but also gives you an understanding of the topic — not just to attempt the question but also help you prepare for the exam with practice.

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