MCQ Related To Economics Survey 2023-2024

MCQ Related To Economics Survey 2023-2024

Economic Survey 2024 Highlights: Finance Minister Nirmala Sitharaman tabled the Economic Survey 2024 in Parliament today. The survey projects the FY25 real GDP growth at 6.5-7%, with risks evenly balanced. It notes that market expectations are high and emphasises the potential impact of rising geopolitical uncertainties on capital flows.

Here are the MCQ related to the Economic Survey 2023-24

1. Question: What was the estimated GDP growth rate for India in the Economic Survey 2024?
   Options:
   A. 7.0%
   B. 7.5%
   C. 8.0%
   D. 8.5%
   Answer: C. 8.0%
2. Question: Which sector of the economy showed the slowest growth according to the Economic Survey 2024?
   Options:
   A. Agriculture
   B. Manufacturing
   C. Services
   D. Construction
   Answer: A. Agriculture
3. Question: The Economic Survey 2024 emphasized the need for which type of reforms to enhance India’s long-term growth prospects?
   Options:
   A. Industrial reforms
   B. Labor market reforms
   C. Environmental reforms
   D. Education reforms
   Answer: B. Labor market reforms
4. Question: According to the Economic Survey 2024, what was the primary reason cited for the recent inflationary pressures in India?
   Options:
   A. Increase in global oil prices
   B. Decrease in global food prices
   C. Reduction in government spending
   D. Tightening of monetary policy
   Answer: A. Increase in global oil prices
5. Question: As per the Economic Survey 2024, which sector contributed the most to employment generation in the past year?
   Options:
   A. Manufacturing
   B. Agriculture
   C. Services
   D. Construction
   Answer: C. Services
6. Question: The Economic Survey 2024 highlighted which demographic trend as significant for India’s future economic growth?
   Options:
   A. Aging population
   B. Youth bulge
   C. Rural-urban migration
   D. Gender parity in workforce
   Answer: B. Youth bulge
7. Question: According to the Economic Survey 2024, what was India’s rank in the Global Innovation Index?
   Options:
   A. 45th
   B. 55th
   C. 65th
   D. 75th
   Answer: A. 45th
8. Question: The Economic Survey 2024 highlighted which sector as a potential growth engine for India in the coming years?
   Options:
   A. Textiles
   B. Renewable energy
   C. Tourism
   D. Healthcare
   Answer: B. Renewable energy
9. Question: According to the Economic Survey 2024, what was the projected fiscal deficit as a percentage of GDP for the fiscal year 2023-24?
   Options:
   A. 5.8%
   B. 6.0%
   C. 6.2%
   D. 6.5%
   Answer: B. 6.0%
10. Question: The Economic Survey 2024 recommended which policy measure to address income inequality in India?
    Options:
    A. Universal Basic Income
    B. Wealth tax
    C. Job guarantee scheme
    D. Corporate tax reduction
    Answer: C. Job guarantee scheme
11. Question: According to the Economic Survey 2024, which factor was cited as a key hindrance to India’s export competitiveness?
    Options:
    A. High logistics costs
    B. Excessive government regulations
    C. Lack of skilled workforce
    D. Fluctuating exchange rates
    Answer: A. High logistics costs
12. Question: The Economic Survey 2024 highlighted which initiative as crucial for enhancing ease of doing business in India?
    Options:
    A. GST implementation
    B. Digital infrastructure development
    C. Land acquisition reforms
    D. Export promotion schemes
    Answer: B. Digital infrastructure development
13. Question: What was the focus area of the Economic Survey 2024’s discussion on fiscal policy reforms?
    Options:
    A. Public sector disinvestment
    B. Corporate tax reforms
    C. Fiscal consolidation
    D. Infrastructure spending
    Answer: C. Fiscal consolidation
14. Question: According to the Economic Survey 2024, which region of India showed the highest economic growth rate?
    Options:
    A. Northern states
    B. Southern states
    C. Eastern states
    D. Western states
    Answer: B. Southern states
15. Question: The Economic Survey 2024 recommended which strategy to boost agricultural productivity in India?
    Options:
    A. Price support mechanisms
    B. Minimum support prices (MSPs)
    C. Contract farming reforms
    D. Subsidies on fertilizers
    Answer: C. Contract farming reforms
16. Question: According to the Economic Survey 2024, which sector experienced the highest growth in foreign direct investment (FDI)?
    Options:
    A. Information technology
    B. Manufacturing
    C. Real estate
    D. Retail
    Answer: A. Information technology
17. Question: The Economic Survey 2024 highlighted which social sector initiative as crucial for inclusive growth?
    Options:
    A. Swachh Bharat Mission
    B. National Health Mission
    C. Digital India
    D. Beti Bachao Beti Padhao
    Answer: B. National Health Mission
18. Question: As per the Economic Survey 2024, what was the estimated unemployment rate in urban areas?
    Options:
    A. 5.0%
    B. 6.5%
    C. 7.0%
    D. 7.5%
    Answer: C. 7.0%
19. Question: The Economic Survey 2024 recommended which regulatory reform to attract more foreign investment?
    Options:
    A. Labor market reforms
    B. Environmental regulations
    C. Banking sector reforms
    D. Land acquisition laws
    Answer: A. Labor market reforms
20. Question: According to the Economic Survey 2024, which state in India topped the Ease of Doing Business rankings?
    Options:
    A. Maharashtra
    B. Gujarat
    C. Karnataka
    D. Telangana
    Answer: B. Gujarat

21. Question: The Economic Survey 2024 highlighted which sector as the largest contributor to India’s GDP?
    Options:
    A. Agriculture
    B. Manufacturing
    C. Services
    D. Construction
    Answer: C. Services
22. Question: According to the Economic Survey 2024, what was the projected growth rate of the manufacturing sector?
    Options:
    A. 5.0%
    B. 6.0%
    C. 7.0%
    D. 8.0%
    Answer: D. 8.0%
23. Question: The Economic Survey 2024 highlighted which initiative to promote digital literacy and connectivity in rural areas?
    Options:
    A. Digital Village Scheme
    B. BharatNet Project
    C. Skill India Mission
    D. Pradhan Mantri Jan Dhan Yojana
    Answer: B. BharatNet Project
24. Question: As per the Economic Survey 2024, what was the percentage of India’s population living below the poverty line?
    Options:
    A. 15%
    B. 20%
    C. 25%
    D. 30%
    Answer: B. 20%
25. Question: The Economic Survey 2024 recommended which policy measure to promote sustainable development in India?
    Options:
    A. Carbon tax
    B. Subsidies for fossil fuels
    C. Deforestation for industrial growth
    D. Encouraging use of single-use plastics
    Answer: A. Carbon tax
26. Question: According to the Economic Survey 2024, which factor was identified as a challenge for India’s demographic dividend?
    Options:
    A. Aging population
    B. Low fertility rate
    C. High infant mortality rate
    D. Gender disparity in workforce
    Answer: A. Aging population
27. Question: The Economic Survey 2024 highlighted which sector as crucial for achieving the goal of self-reliance (Atmanirbhar Bharat)?
    Options:
    A. Information technology
    B. Agriculture
    C. Defense manufacturing
    D. Textiles
    Answer: C. Defense manufacturing
28. Question: As per the Economic Survey 2024, which state in India had the highest per capita income?Options:
    A. Maharashtra
    B. Gujarat
    C. Karnataka
    D. Goa
    Answer: D. Goa
29. Question: The Economic Survey 2024 highlighted which initiative as crucial for improving healthcare access in rural areas?
    Options:
    A. Ayushman Bharat Yojana
    B. Swachh Bharat Mission
    C. National Rural Health Mission
    D. National Health Policy
    Answer: A. Ayushman Bharat Yojana
30. Question: According to the Economic Survey 2024, which sector was identified as a potential growth area for India’s exports?
    Options:
    A. Gems and jewelry
    B. Pharmaceuticals
    C. Steel
    D. Handicrafts
    Answer: B. Pharmaceuticals
31. Question: The Economic Survey 2024 highlighted which initiative to boost rural infrastructure development?Options: A. Pradhan Mantri Gram Sadak Yojana B. National Urban Livelihoods Mission C. Deen Dayal Upadhyaya Grameen Kaushalya Yojana D. Integrated Watershed Management ProgramAnswer: A. Pradhan Mantri Gram Sadak Yojana
32. Question: As per the Economic Survey 2024, what was the projected growth rate of the services sector?Options: A. 7.0% B. 7.5% C. 8.0% D. 8.5%Answer: B. 7.5%
33. Question: The Economic Survey 2024 recommended which reform to enhance the ease of doing business in India?Options: A. Land acquisition reforms B. Goods and Services Tax (GST) simplification C. Income tax reduction for corporates D. Import-export policy overhaulAnswer: A. Land acquisition reforms
34. Question: According to the Economic Survey 2024, which state recorded the highest agricultural growth rate?Options: A. Punjab B. Madhya Pradesh C. Uttar Pradesh D. BiharAnswer: B. Madhya Pradesh
35. Question: The Economic Survey 2024 highlighted which factor as a key determinant of India’s economic growth in the coming years?Options: A. Global economic stability B. Public sector investment C. Private sector participation D. Political stabilityAnswer: C. Private sector participation
36. Question: As per the Economic Survey 2024, what was the projected growth rate of the construction sector?Options: A. 6.5% B. 7.0% C. 7.5% D. 8.0%Answer: A. 6.5%
37. Question: The Economic Survey 2024 recommended which policy measure to tackle urban unemployment?Options: A. Skill development programs B. Subsidies for small businesses C. Direct cash transfers D. Public sector hiringAnswer: A. Skill development programs
38. Question: According to the Economic Survey 2024, which sector received the highest foreign direct investment (FDI) inflows?Options: A. Information technology B. Automobiles C. Renewable energy D. RetailAnswer: A. Information technology
39. Question: The Economic Survey 2024 highlighted which initiative to promote digital payments and financial inclusion?Options: A. Jan Dhan Yojana B. Make in India C. Start-up India D. Swachh Bharat MissionAnswer: A. Jan Dhan Yojana
40. Question: As per the Economic Survey 2024, which factor was identified as a challenge for achieving sustainable development goals (SDGs) in India?Options: A. Climate change adaptation B. Gender inequality C. Urbanization pressure D. Food securityAnswer: B. Gender inequality
41. Question: The Economic Survey 2024 recommended which measure to enhance farm income in India?Options: A. Price support mechanisms B. Land acquisition reforms C. Minimum support prices (MSPs) D. Agricultural credit reformsAnswer: C. Minimum support prices (MSPs)
42. Question: According to the Economic Survey 2024, which region of India experienced the highest urbanization rate?Options: A. North-eastern states B. Western states C. Southern states D. Northern statesAnswer: C. Southern states
43. Question: The Economic Survey 2024 highlighted which policy to promote green energy initiatives in India?Options: A. National Solar Mission B. National Rural Livelihood Mission C. National Food Security Act D. National Digital Health MissionAnswer: A. National Solar Mission
44. Question: As per the Economic Survey 2024, which sector showed the highest growth in exports?Options: A. Engineering goods B. Agricultural products C. Textiles and garments D. PharmaceuticalsAnswer: D. Pharmaceuticals
45. Question: The Economic Survey 2024 highlighted which initiative to promote skill development among youth in India?Options: A. Pradhan Mantri Kaushal Vikas Yojana B. Swachh Bharat Mission C. Atal Pension Yojana D. Smart Cities MissionAnswer: A. Pradhan Mantri Kaushal Vikas Yojana
46. Question: According to the Economic Survey 2024, which sector received the highest share of private sector investment?Options: A. Infrastructure B. Information technology C. Healthcare D. EducationAnswer: A. Infrastructure
47. Question: The Economic Survey 2024 recommended which policy to reduce air pollution levels in Indian cities?Options: A. National Clean Air Program B. Swachh Bharat Mission C. Smart Cities Mission D. Beti Bachao Beti PadhaoAnswer: A. National Clean Air Program
48. Question: As per the Economic Survey 2024, which state had the highest literacy rate?Options: A. Kerala B. Tamil Nadu C. Maharashtra D. PunjabAnswer: A. Kerala
49. Question: The Economic Survey 2024 highlighted which factor as a challenge for India’s agricultural productivity?Options: A. Land fragmentation B. Excessive use of fertilizers C. Lack of irrigation facilities D. Government subsidiesAnswer: A. Land fragmentation
50. Question: According to the Economic Survey 2024, which sector showed the highest growth in private consumption expenditure?Options: A. Healthcare B. Education C. Food and beverages D. HousingAnswer: C. Food and beverages