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September 10, 2020

Economic Survey of India 2019-2020 Quiz (Most Expected Questions for Competitive Exams)

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Friends, all of you know how important is the Economic Survey 2020 is for upcoming competitive exams. You will get at-least 5 questions from this section in IBPS, SBI Banking exams and at-least 3 questions for Railways and SSC Exams. So here we are giving you the most expected questions on Economic Survey 2019-20 in quiz format. Before reading this, we suggest you to download our pdf version of Economic Survey 2020. It will help you getting the basic idea of the concept. Later attempt below quiz to get good marks. Good luck guys.

Most Expected Questions on Economic Survey 2020

  • What is the estimated GDP of India as per Economic Survey 2019-20 ?   
  • India's ranking in Human Development Index 2019 is ?   
  • Currently, PSBs account for ______ % of the market share in banking.  
  • As per the World Bank, what is the rank of India in number of new firms created ?  
  • After 2015-16, the average household gained ₹10887 on average per year from the moderation in prices in the case of vegetarian Thali. Similarly, an average household that consumes two non-vegetarian Thalis gained around ₹________ on average per year during the same period. 
  • Consumer Price Index (CPI) inflation has been increased from 3.7 per cent in 2018-19 (April to December, 2018) to what per cent in 2019-20 (April to December, 2019)  ?   
  • India's second top export items are ?  
  • India's third top export items are ?  
  • India's top export items are ?  
  • India's top import items are ?  
  • Which Act legally entitles 67% of the population (75% in rural areas and 50% in urban areas) to receive highly subsidized food grains ? 
    • &
  • India's top imports continue to be largest from  ?   
  • Which states are front runners in SDG India index  ?   
  • According to Economic Survey 2019-20, SHRUG comprises a set of variables that describe the extent of socio-economic development in India in terms of demographic, socioeconomic, firm and political infrastructure of every district between 1990–2018. SHRUG is an acronym for ? 
  • According to World Bank's Logistics Performance Index, India ranks ______ in 2018 ?  
  • AEO is a programme under the aegis of the World Customs Organization (WCO) SAFE Framework of Standards. What is AEO ? 
  • After the 1980 nationalization, PSBs had a ______________ % share in the national banking market with the remaining % held by “old private banks” (OPBs) that were not nationalized. 
  • After the market reforms of which year, Sensex has not only grown, but has grown at an accelerating pace ? 
  • Borrowers seem to be suffering from the problem of ____________, which refers to a situation where all current income gets used up in repaying the accumulated debt, leaving little incentives to invest either in physical or human capital. 
  • By integrating "Assemble in India for the world" into Make in India, India can raise its export market share to ____% by 2025 and ____% by 2030 ?  
  • COP-25 of UNFCCC held at Madrid, Spain from 2nd to 13th December 2019 was organized by  ?   
  • CPSEs are most likely to perform better in the private hands due to factors like technology up-gradation and efficient management practices. These in turn would create wealth for the economy. What are CPSEs ? 
  • Current Account Deficit (CAD) in H1 of 2019-20 is ?  
  • Current GDP growth (2019-20) as per CSO's first Advance Estimates ?   
  • __________  is a short-term money-market security issued by large corporations to obtain funds to meet short-term debt obligations. 
  • Disinvestment of Government's shareholding of 53.29 per cent in HPCL led to an increase of around Rs. __________ crore in national wealth ?  
  • Electrical machinery and equipment represents the fastest growing among the top 10 export categories of India, up __________% from 2018 to 2019. 
  • e-NAM is an online trading platform for agricultural commodities for transparent price discovery. Expand e-NAM ? 
  • FinTech is forcing traditional banks to review their outdated business paradigms to come up with effective, low cost, banking solutions. PSBs have the maximum to gain from FinTech. What is FinTech ? 
  • Foreign reserves as on 10th January, 2020 ?  
  • Forest Cover in India is  what percent ?   
  • How many banks of India are in the list of global top 100 banks ?   
  • How many new companies were formed in 2018 ?  
  • How many new jobs were created between 2011-12 and 2017-18 ?  
    • s
  • How many times, India's Gross GST monthly collections have crossed the mark of Rs. 1 lakh crore (up to December 2019) ?   
  • According to Economic Survey 2020, in 2019, investment for every rupee in PSBs, on average, letd to the loss of ?  
  • ___________ provides farmers information on the nutrient status of their soil along with recommendation on appropriate dosage of nutrients to be used for their soil conditions. 
  • In COP-25 of UNFCCC held at Mandrid, India reiterated it's commitment to implement which agreement ?   
  • India has made substantial gains in the Ease of Doing Business rankings from _________ in 2014 to 63 in 2019. 
  • India hosted COP-14 to UNCCD and adopted the Delhi Declaration which is  ?   
  • India's top five trading partners are ?  
  • India’s share in merchandise (goods) exports in world exports has increased from 0.6% in 1991 to _______________ % in 2018. [Yet it remains paltry compared to 12.8% for China (2018)].  
  • India's GDP growth in H1 (April to September) of 2019-20 is ? 
    • t
  • India's largest export destination in 2019-20 is ?  
  • India's largest PSB, State Bank of India (SBI), was founded as Bank of Calcutta in 1806, took the name Imperial Bank of India in 1921 and became state-owned in ____________. 
  • ______________ stands for the negative consequences that can arise from a spike in the value of a nation’s currency ? 
  • _______________ funds are a category of debt mutual funds that invest in very short-term market instruments like treasury bills, government securities, and call money. 
  • As per Economic Survey 2019-20, Kautilya’s Arthashastra (Treatise on Wealth) states four branches of knowledge that further good governance. They are : Varta (economic policy), Dandaneti (law and enforcement), Anvikshiki (philosophical and ethical framework) and _________ ? 
  • Logistics industry of India is currently estimated to be around US$ 160 billion and expected to touch which figure by 2020 ?
  • MFIs are financial companies that provide small loans to people who do not have any access to banking facilities. Their objective was poverty alleviation via inclusive growth and financial inclusion. What are MFIs ? 
  • Name the financial valuation metric used to evaluate a company’s current market value relative to its book value ? 
  • Net FDI inflows in the first eight months of 2019-20 is  ?   
  • Net FPI inflows in the first eight months of 2019-20 is  ? 
  • Net remittances from Indians employed overseas in H1 of 2019-20 is ?  
  • NSS 73rd round on consumer expenditure shows that the share of cereals in Monthly Per Capita Expenditure (MPCE) has fallen by about ______ % in rural India and about ____________% in urban India from 2004-05 to 2011-12. 
  • Over-arching theme of Economic Survey 2019-20 is ?   
  • Prices of pharmaceutical drugs are regulated through the NPPA and Drug (Price Control) Order (DPCO). NPPA stands for ? 
  • Projected economic growth (2020-21) is ?   
  • Projected growth rate for agriculture & allied Services in Fiscal Year 2019-20 is what percent  ?   
  • The Base Year of the GDP Series was revised from 2004-05 to __________ and released on 30 January 2015. 
  • The Economic Survey 2019-20 was presented by the Union Minister for Finance & Corporate Affairs ,Smt. Nirmala Sitaraman in Parliament on ? 
  • The Economics of a Plate of Food in India is ?  
  • The Government can intervene in markets in two ways: Direct participation - as a market maker or as a buyer or supplier of goods and services and Indirect participation - through ______________ ? 
  • The Gross Non Performing Advances (NPA) ratio for Scheduled Commercial Banks between March and September 2019 is  ?  
  • The industrial sector, as per the Index of Industrial Production (IIP), registered a growth of ?    
  • The installed capacity of power generation in India as on 31st October 2019 is  ?   
  • The survey tried to estimate the inaccuracy, if any, in the GDP growth rate using the DID methodology as implemented by other studies which calculated the misestimation. What is DID Methodology ? 
  • The turnaround time of ships in India has been reduced to ? 
  • The year 2019 marked the golden jubilee of which famous financial activity in India ?  
  • To achieve a Gross Domestic Product (GDP) of USD 5 trillion by 2024-25, what investment is required on infrastructure  ?   
  • Trust can be conceptualized as a public good with the following characteristics. Non-excludability, Non-rival consumption and ____________ ?  
  • Under which Government Scheme 3.39 crore children and 87.18 lakh pregnant women of 680 districts across the country have been vaccinated ? 
  • Wealth creation happens in an economy when the right policy choices are pursued. For instance, wealth creation and economic development in several advanced economies has been guided by Adam Smith’s philosophy of ___________? 
  • Wealth creation has been recognised by various ancient treatises like ____________ of Kautilya, and ___________ of Thiruvalluvar ? 
  • What is the rank of India in World Bank's Ease of Doing Business ?    
  • What percentage of population lie between 15 and 29 years in India ?  
  • What percentage of the total expoert is Service sector ?  
  • Which committee report of the year 2014 shows, the structural weaknesses in PSBs explain their poor performance. The committee was set up by RBI to look into the governance, management and operational issues of the public sector banks ?
  • Which scheme covers three sub-schemes i.e. Price Support Scheme (PSS), Price Deficiency Payment Scheme (PDPS) and Pilot of Private Procurement & Stockist Scheme (PDPS) ? 
  • Which scheme focuses on enhancing water use efficiency through the expansion of cultivable area under assured irrigation, improve on-farm water use efficiency, enhance the adoption of precision-irrigation, enhance recharge of aquifers and introduce sustainable water conservation practices. 
  • Which scheme provides better insurance coverage for agricultural crops and thereby mitigate risk. 
  • Who is the Chief Economic Adviser of Ministry of Finance ?  
  • WPI inflation has been decreased from 4.7 per cent in 2018-19 (April to December, 2018) to what per cent during 2019-20 (April to December, 2019)  ?  
That's all for now guys. Hope you find this quiz on Economic Survey 2020 quite useful. In our next post we will try to share quiz on Union Budget. Happy Reading :)
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