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BPSC (Bihar) Exam  >  BPSC (Bihar) Tests  >  BPSC Preparation: All subjects  >  Policies in Bihar - BPSC (Bihar) MCQ

Policies in Bihar - BPSC (Bihar) MCQ


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15 Questions MCQ Test BPSC Preparation: All subjects - Policies in Bihar

Policies in Bihar for BPSC (Bihar) 2024 is part of BPSC Preparation: All subjects preparation. The Policies in Bihar questions and answers have been prepared according to the BPSC (Bihar) exam syllabus.The Policies in Bihar MCQs are made for BPSC (Bihar) 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Policies in Bihar below.
Solutions of Policies in Bihar questions in English are available as part of our BPSC Preparation: All subjects for BPSC (Bihar) & Policies in Bihar solutions in Hindi for BPSC Preparation: All subjects course. Download more important topics, notes, lectures and mock test series for BPSC (Bihar) Exam by signing up for free. Attempt Policies in Bihar | 15 questions in 30 minutes | Mock test for BPSC (Bihar) preparation | Free important questions MCQ to study BPSC Preparation: All subjects for BPSC (Bihar) Exam | Download free PDF with solutions
Policies in Bihar - Question 1
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What is the projected GSDP growth rate for Bihar for the financial year 2024-25?

Detailed Solution for Policies in Bihar - Question 1
Bihar's GSDP for 2024-25 is projected to grow at a rate of 13.5%, showcasing a strong economic performance. This growth reflects the government's efforts to stimulate the economy and achieve higher productivity across key sectors like agriculture, manufacturing, and services. It also indicates confidence in achieving better fiscal stability compared to the challenges faced in the previous fiscal year.
Policies in Bihar - Question 2
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What is the estimated revenue surplus for Bihar in 2024-25?

Detailed Solution for Policies in Bihar - Question 2
The revenue surplus of Rs 1,121 crore for 2024-25 is a significant achievement, as it reflects the state’s ability to generate enough revenue to cover non-asset creating expenses like subsidies, salaries, and pensions. This surplus is in contrast to the revenue deficit of Rs 35,530 crore in 2023-24, showing improved financial management.
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Policies in Bihar - Question 3
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Which sector contributes the highest percentage to Bihar’s economy as of 2022-23?

Detailed Solution for Policies in Bihar - Question 3
The services sector accounts for 58% of Bihar’s economy in 2022-23, showcasing its dominant role. Growth in services, particularly in trade, transport, and communication, has outpaced agriculture and manufacturing. This trend highlights Bihar’s transition towards a service-driven economy, which aligns with the national trend of increased reliance on the tertiary sector for economic growth.
Policies in Bihar - Question 4
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Bihar's share in central taxes for 2024-25 is estimated at approximately:
Detailed Solution for Policies in Bihar - Question 4
Bihar’s share in central taxes, estimated at Rs 1,13,012 crore, accounts for 50% of its revenue receipts. This represents a 10% increase from the previous year, demonstrating the importance of central devolution in funding Bihar’s development programs and reducing fiscal dependence on borrowing.
Policies in Bihar - Question 5
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Which of the following states had an unemployment rate higher than Bihar in 2022-23?
Detailed Solution for Policies in Bihar - Question 5
Bihar’s unemployment rate of 3.9% was higher than the national average of 3.2%, but none of the listed states exceeded this rate. Addressing youth unemployment, particularly the 13.9% rate among the 15-29 age group, remains a significant policy challenge for the state.
Policies in Bihar - Question 6
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Which of the following statements are correct about Bihar’s fiscal deficit?

  1. It is targeted at 3% of GSDP for 2024-25.
  2. Fiscal deficit for 2023-24 is estimated at 8.9% of GSDP.
  3. Bihar’s fiscal deficit was below the permissible limit in 2022-23.
Detailed Solution for Policies in Bihar - Question 6

Bihar’s fiscal deficit for 2024-25 is targeted at 3% of GSDP, adhering to the central government’s limit of 3.5%. However, in 2023-24, the deficit surged to 8.9% of GSDP due to higher expenditures and insufficient revenue growth. In 2022-23, Bihar also exceeded the permissible fiscal deficit limits.

Policies in Bihar - Question 7
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The capital outlay proposed for Bihar in 2024-25 is estimated at _______.
Detailed Solution for Policies in Bihar - Question 7
The capital outlay for Bihar in 2024-25 stands at Rs 29,416 crore, representing a 26% reduction from 2023-24. This reflects the government’s cautious approach to managing its finances, prioritizing necessary asset creation while reducing borrowing.
Policies in Bihar - Question 8
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Which sector received the highest percentage allocation in Bihar’s 2024-25 budget?
Detailed Solution for Policies in Bihar - Question 8
Bihar allocated 21.4% of its total expenditure to education, the highest among sectors, emphasizing the state’s commitment to improving literacy, skill development, and overall human capital. This allocation is significantly higher than the national average of 14.7%.
Policies in Bihar - Question 9
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What is Bihar’s estimated per capita GSDP for 2022-23?
Detailed Solution for Policies in Bihar - Question 9
Bihar’s per capita GSDP of Rs 59,637 is far below the national average of Rs 1,96,983, highlighting the economic disparity between Bihar and other states. Efforts to improve per capita income remain a critical area for the state.
Policies in Bihar - Question 10
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Bihar's own tax revenue for 2024-25 is estimated to grow by what percentage over 2023-24 revised estimates?
Detailed Solution for Policies in Bihar - Question 10
Bihar’s own tax revenue is estimated to grow by 8% to Rs 54,300 crore in 2024-25. This includes significant contributions from State GST, which constitutes 58% of its own tax revenue. Improved tax compliance and economic growth are expected to drive this increase.
Policies in Bihar - Question 11
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What is the estimated unemployment rate for Bihar in the 15-29 years age group in 2022-23?
Detailed Solution for Policies in Bihar - Question 11
The unemployment rate among the 15-29 age group in Bihar was 13.9%, higher than the national average of 10%. This highlights the need for targeted policies to create jobs and skill development programs for young workers.
Policies in Bihar - Question 12
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The grants from the center to Bihar for 2024-25 are estimated at _______.
Detailed Solution for Policies in Bihar - Question 12
Grants from the center, estimated at Rs 52,161 crore for 2024-25, account for 23% of Bihar’s revenue receipts. These funds are crucial for running welfare schemes and supporting development initiatives.
Policies in Bihar - Question 13
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Which of the following statements about Bihar’s capital outlay are correct?

  1. It is proposed at Rs 29,416 crore for 2024-25.
  2. It is expected to decrease by 26% compared to 2023-24 revised estimates.
  3. Capital outlay reflects expenditure for asset creation.
Detailed Solution for Policies in Bihar - Question 13

Bihar’s proposed capital outlay for 2024-25 is Rs 29,416 crore, 26% lower than the revised estimates of 2023-24. Capital outlay funds the creation of infrastructure and other long-term assets.

Policies in Bihar - Question 14
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What percentage of Bihar’s revenue receipts in 2024-25 is allocated to committed expenditure?
Detailed Solution for Policies in Bihar - Question 14
Committed expenditure, which includes salaries, pensions, and interest payments, makes up 41% of Bihar’s revenue receipts. This limits the state’s ability to allocate funds for developmental initiatives.
Policies in Bihar - Question 15
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Which reform is linked to an additional fiscal deficit limit of 0.5% of GSDP for states in 2024-25?
Detailed Solution for Policies in Bihar - Question 15
States that undertake power sector reforms are allowed an additional fiscal deficit limit of 0.5% of GSDP. These reforms aim to improve efficiency, reduce losses, and modernize the power sector for better service delivery.
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