General Awareness Quiz on Economic Survey- 2nd December 2020

Q1.Economic survey is presented by-
(a)Ministry of Finance
(b)RBI
(c)CSO
(d)Parliament
(e)None of the above

Q2.The Economic Survey is prepared under the guidance of-
(a)RBI Governor
(b)Minister of Finance
(c)Chief Economic Advisor
(d)President
(e)Vice-President

Q3.The first Economic Survey was presented in which year?
(a)1946-47
(b)1948-49
(c)1949-50
(d)1950-51
(e)1952-53

Q4.India has the ________ largest entrepreneurship ecosystem in the world-
(a)2nd
(b)3rd
(c)4th
(d)5th
(e)6th

Q5.According to economic survey 2020, The year 2019 marked the golden jubilee year of-
(a)Privatisation
(b)Globalisation
(c)Quit India Movement
(d)Disinvestment
(e)Bank Nationalisation

Q6.According to the Economic Survey of India 2020, ___________ new companies were formed in 2018-
(a)1,00,000
(b)1,24,000
(c)1,35,000
(d)1,56,000
(e)1,70,000

Q7.According to the Economic Survey of India 2020, To achieve the GDP of USD 5 trillion by __________ , India needs to spend about USD 1.4 trillion on infrastructure.
(a)2021-22
(b)2022-23
(c)2023-24
(d)2024-25
(e)2025-26

Q8.According to the Economic Survey of India 2020, To ease the strain on existing airport capacities, how many more airports are to be made operational by FY2023-24?
(a)100
(b)90
(c)75
(d)50
(e)35

Q9.The Economic Survey 2020 used the term ________ to describe economics of “a plate of food in India”
(a)Platonomics
(b)Nutrionomics
(c)Thalinomics
(d)Khanomics
(e)Earthonomics

Q10.What was the over-arching theme of Economic Survey 2019-20?
(a)Women Empowerment
(b)Inflation Control
(c)Money Multiplier
(d)Public Welfare
(e)Wealth Creation

Q11.Define Shadow Banking-
(a)Is banking or financing activity that complies with sharia and its practical application through the development of Islamic economics
(b)A financial institution licensed to receive deposits and make loans
(c)Is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking
(d)A term for the collection of non-bank financial intermediaries that provide services similar to traditional commercial banks but outside normal banking regulations.
(e)All of the above

Q12.According to economic survey 2020, what is the rank of india in emerging green bond market?
(a)1st
(b)2nd
(c)3rd
(d)4th
(e)5th

Q13.How much GDP growth has been projected for fiscal year 2020-21 according to economic survey 2020?
(a)4.5-5%
(b)7-7.5%
(c)3-3.5%
(d)2.5%
(e)6-6.5%

Q14._______ is the only bank of India to be included in global top 100 list-
(a)IDBI Bank
(b)Bank of India
(c)State Bank of India
(d)HDFC Bank
(e)Axis Bank

Q15.The percentage of Forest cover with respect to the geographical area of country according to economic survey 2020 is-
(a)22.80%
(b)24.56%
(c)19.66%
(d)23%
(e)14.98%

Solutions

S1.Ans.(a)
Sol.Economic Survey, presented in the Parliament ahead of the Union Budget, is the Ministry of Finance’s flagship document.

S2.Ans.(c)
Sol.The Economic Survey is prepared under the guidance of Chief Economic Advisor.

S3.Ans.(d)
Sol.The first Economic Survey was presented in the year 1950-51.

S4.Ans.(b)
Sol.India has the 3rd largest entrepreneurship ecosystem in the world ahead of the countries such as Brazil and South Korea.

S5.Ans.(e)
Sol.The year 2019 marked the golden jubilee year of Bank Nationalisation.

S6.Ans.(b)
Sol.According to the Economic Survey of India 2020, 1,24,000 new companies were formed in 2018.

S7.Ans.(d)
Sol.According to the Economic Survey of India 2020, To achieve the GDP of USD 5 trillion by 2024-25, India needs to spend about USD 1.4 trillion on infrastructure.

S8.Ans.(a)
Sol.According to the Economic Survey of India 2020, To ease the strain on existing airport capacities, 100 more airports are to be made operational by FY2023-24.

S9.Ans.(c)
Sol.The Economic Survey 2020 used the term ‘Thalinomics’ to describe economics of a plate of food in India. It throws light upon the price paid by a person for a Thali in India anywhere

S10.Ans.(e)
Sol.The over-arching theme of Economic Survey 2019-20 was Wealth Creation.

S11.Ans.(d)
Sol.The shadow banking system is a term for the collection of non-bank financial intermediaries that provide services similar to traditional commercial banks but outside normal banking regulations.

S12.Ans.(b)
Sol.According to economic survey 2020, India becomes second-largest market for Green Bonds with $10.3 billion transactions.

S13.Ans.(e)
Sol.6-6.5% GDP growth has been projected for fiscal year 2020-21 according to economic survey 2020.

S14.Ans.(c)
Sol.State Bank of India (SBI) at the 55th position is the only bank in the global top 100 list. China has 18 banks while the U.S. has 12 in the list.

S15.Ans.(b)
Sol.According to economic survey 2020, The forest and tree cover have reached 80.73 million hectares which is 24.56 per cent of the geographical area of the country.

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