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UPSC Exam  >  UPSC Tests  >  Test: Economic Survey 2020-21: 4 - UPSC MCQ

Test: Economic Survey 2020-21: 4 - UPSC MCQ


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15 Questions MCQ Test - Test: Economic Survey 2020-21: 4

Test: Economic Survey 2020-21: 4 for UPSC 2024 is part of UPSC preparation. The Test: Economic Survey 2020-21: 4 questions and answers have been prepared according to the UPSC exam syllabus.The Test: Economic Survey 2020-21: 4 MCQs are made for UPSC 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Economic Survey 2020-21: 4 below.
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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 for Test: Economic Survey 2020-21: 4 - 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 for Test: Economic Survey 2020-21: 4 - 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 for Test: Economic Survey 2020-21: 4 - 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 for Test: Economic Survey 2020-21: 4 - 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 for Test: Economic Survey 2020-21: 4 - 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 for Test: Economic Survey 2020-21: 4 - 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 for Test: Economic Survey 2020-21: 4 - 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 for Test: Economic Survey 2020-21: 4 - 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 for Test: Economic Survey 2020-21: 4 - 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 for Test: Economic Survey 2020-21: 4 - 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 for Test: Economic Survey 2020-21: 4 - 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 for Test: Economic Survey 2020-21: 4 - 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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