Test: Budget And Economic Survey - 1


25 Questions MCQ Test Economy and Indian Economy (Prelims) by Shahid Ali | Test: Budget And Economic Survey - 1


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This mock test of Test: Budget And Economic Survey - 1 for UPSC helps you for every UPSC entrance exam. This contains 25 Multiple Choice Questions for UPSC Test: Budget And Economic Survey - 1 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Budget And Economic Survey - 1 quiz give you a good mix of easy questions and tough questions. UPSC students definitely take this Test: Budget And Economic Survey - 1 exercise for a better result in the exam. You can find other Test: Budget And Economic Survey - 1 extra questions, long questions & short questions for UPSC on EduRev as well by searching above.
QUESTION: 1

Under whose governor-generalship, the Revolt of 1857 occurred?

Solution:

One of famous revolt in the history of India which occurred in the governor-generalship of Lord Canning in the year 1857

QUESTION: 2

As per the advance estimates released by the Central Statistics Office, the growth rate of GDP at constant market prices for the year 2016-17 is placed at what percent?

Solution:
QUESTION: 3

The Union Finance Minister Arun Jaitley presented the Economic Survey 2017 in the Parliament. In this regard, consider the following statements.

I. For 2017-18, it is expected that the growth would return to normal as the new currency notes in required quantities come back into circulation.

II. On balance, there is a likelihood that Indian economy may recover back to 6.75 per cent to 7.5 per cent in 2017-18

Q. Which is/are correct?

Solution:
QUESTION: 4

As per the Economic Survey 2016-17, the indirect taxes grew by how much percent during April-November 2016?

Solution:
QUESTION: 5

As per the Economic Survey, the agriculture sector is set to grow at this per cent during 2016-17.

Solution:
QUESTION: 6

The CPI based core inflation  remained stable in the current fiscal year averaging around how much percent?

Solution:
QUESTION: 7

The Union Finance Minister Arun Jaitley presented the Economic Survey 2017 in the Parliament. In this regard, consider the following statements.

I. The headline inflation as measured by Consumer Price Index (CPI) remained under control for the third successive financial year. 

II. The average CPI inflation declined to 4.8 per cent in 2015-16 from 5.9 per cent in 2014-15 and stood at 4.8 per cent during April-December 2015.

Q. Which is/are correct?

Solution:
QUESTION: 8

Inflation based on Wholesale Price Index (WPI) declined to how much per cent in 2015-16?

Solution:
QUESTION: 9

In the first half of 2016-17, India’s foreign exchange reserves increased by how much amount on balance of payments basis?

Solution:
QUESTION: 10

The Union Finance Minister Arun Jaitley presented the Economic Survey 2017 in the Parliament. In this regard, consider the following statements.

I. In H1 of 2016-17, India’s foreign exchange reserves increased by US$ 15.5 billion on BoP basis.
II.During 2016-17 so far, the rupee has performed better than most of the other emerging market economies.

Q. Which is/are correct?

Solution:
QUESTION: 11

The Union Finance Minister Arun Jaitley presented the Economic Survey 2017 in the Parliament. In this regard, consider the following statements.

I. Indirect taxes grew by 26.8 per cent during April-November 2016.
II. The strong growth in revenue expenditure during April-November 2016 was boosted mainly by a 23.2 per cent increase in salaries due to the implementation of the Seventh Pay Commission and a 39.5 per cent increase in the grants for creation of capital assets.

Q. Which is/are correct?

Solution:
QUESTION: 12

In Union Budget 2017, the Agriculture Credit Target for FY 2017-18 was fixed at what price?

Solution:
QUESTION: 13

How much funds were allocated for the Pradhan Mantri Fasal Bima Yojana (PMFBY) under the Union Budget 2017? 

Solution:
QUESTION: 14

As per Union Budget 2017, a dedicated micro-irrigation fund will be set up by NABARD to achieve the goal of 'Per Drop More Crop'. What will be its initial corpus of this fund?

Solution:
QUESTION: 15

The coverage of Pradhan Mantri Fasal Bima Yojana will be increased to what per cent in the FY 2017-18?

Solution:
QUESTION: 16

As per Union Budget 2017, Dairy processing units will be developed in order to help farmers. What amount was allocated for these units?

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QUESTION: 17

As per Budget 2017, the total support to Agriculture and rural sector was raised by how much per cent for FY 2017-18?

Solution:
QUESTION: 18

In order to improve access to irrigation, the Budget 2017 provided how much long-term irrigation fund under NABARD?

Solution:
QUESTION: 19

The Union Budget 2017 allocated how much financial assistance for every e-NAM (National Agriculture Market)?

Solution:
QUESTION: 20

As per Budget 2017, the Union Government plans to eradicate Leprosy by which year?

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QUESTION: 21

How much amount was allocated for Minority Affairs in Union Budget 2017?

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QUESTION: 22

Which facility was announced for the Senior Citizens in the Union Budget 2017?

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QUESTION: 23

Around 8 districts of which State were declared Kerosene free, as per Budget 2017?

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QUESTION: 24

Which facility was announced for the servicemen under Defence sector?

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QUESTION: 25

As per the Union Budget 2017, how much amount has been allocated for the infrastructure sector for the year 2017-18?

Solution: