Economic Survey 2016-17: Quiz

Feb 3, 2017 16:03 IST

The Union Finance Minister Arun Jaitley on 31 January 2017 presented the Economic Survey 2017 in the Parliament. Against this backdrop, we present you with 15 important questions that test your understanding of the key points related to the Economic Survey 2016-17.


1.    As per the advance estimates released by the Central Statistics Office, the growth rate of GDP at constant market prices for the year 2016-17 is placed at what percent?

a)    7.9 per cent
b)    7.2 per cent
c)    7.1 per cent
d)    6.1 per cent

2.    The Union Finance Minister Arun Jaitley presented the Economic Survey 2017 in the Parliament. In this regard, consider the following statements.

I.    For 2017-18, it is expected that the growth would return to normal as the new currency notes in required quantities come back into circulation.
II.    On balance, there is a likelihood that Indian economy may recover back to 6.75 per cent to 7.5 per cent in 2017-18

Which is/are correct?

a)    Only I
b)    Only II
c)    Both I and II
d)    Neither I nor II

3.    As per the Economic Survey 2016-17, the indirect taxes grew by how much percent during April-November 2016?

a)    26.9%
b)    22.7%
c)    23.4%
d)    19%

4.    As per the Economic Survey, the agriculture sector is set to grow at this per cent during 2016-17.

a)    1.1 per cent
b)    2.1 per cent
c)    3.1 per cent
d)    4.1 per cent

5.    As per the Economic Survey, the trade deficit declined to this many USD between April 2016 and December 2017.

a)    USD 56.5 billion
b)    USD 66.5 billion
c)    USD 76.5 billion
d)    USD 86.5 billion

6.    The CPI based core inflation remained stable in the current fiscal year averaging around how much percent?

a)    2%
b)    5%
c)    3%
d)    4.5%

7.    The Union Finance Minister Arun Jaitley presented the Economic Survey 2017 in the Parliament. In this regard, consider the following statements.

I.    The total area coverage under Rabi crops as on 13.01.2017 for 2016-17 is 616.2 lakh hectares.
II.    The total area coverage under Rabi crops as on 13.01.2017 for 2016-17 is 5.9 per cent higher than that in the corresponding week of 2016.

Which is/are correct?

a)    Only I
b)    Only II
c)    Both I and II
d)    Neither I nor II

8.    The area coverage under Gram (Channa Dal) as on 13.01.2017 for 2016-17 is how much percent higher than that in the corresponding week of 2016?

a)    10.7%
b)    9.8%
c)    2.2%
d)    10.6%

9.    The Union Finance Minister Arun Jaitley presented the Economic Survey 2017 in the Parliament. In this regard, consider the following statements.

I.    The headline inflation as measured by Consumer Price Index (CPI) remained under control for the third successive financial year.
II.    The average CPI inflation declined to 4.8 per cent in 2015-16 from 5.9 per cent in 2014-15 and stood at 4.8 per cent during April-December 2015.

Which is/are correct?

a)    Only I
b)    Only II
c)    Both I and II
d)    Neither I nor II

10.    Inflation based on Wholesale Price Index (WPI) declined to how much per cent in 2015-16?

a)    (-) 2.5 per cent
b)    (-) 1.5 per cent
c)    2.5 per cent
d)    1.5 per cent

11.    As per the Economic Survey, imports declined by 7.4 per cent to how much amount during 2016-17 (April-December)?

a)    US$ 375.4 billion
b)    US$ 275.4 billion
c)    US$ 265.4 billion
d)    US$ 325.4 billion

12.    Trade deficit declined to how much amount in 2016-17 (April-December)?

a)    US$ 76.5 billion
b)    US$ 86.5 billion
c)    US$ 126.5 billion
d)    US$ 45.5 billion

13.    In the first half of 2016-17, India’s foreign exchange reserves increased by how much amount on balance of payments basis?

a)    US$ 14.4 billion
b)    US$ 13.3 billion
c)    US$ 22.2 billion
d)    US$ 15.5 billion

14.    The Union Finance Minister Arun Jaitley presented the Economic Survey 2017 in the Parliament. In this regard, consider the following statements.

I.    In H1 of 2016-17, India’s foreign exchange reserves increased by US$ 15.5 billion on BoP basis.
II.    During 2016-17 so far, the rupee has performed better than most of the other emerging market economies.

Which is/are correct?

a)    Only I
b)    Only II
c)    Both I and II
d)    Neither I nor II

15.    The Union Finance Minister Arun Jaitley presented the Economic Survey 2017 in the Parliament. In this regard, consider the following statements.

I.    Indirect taxes grew by 26.8 per cent during April-November 2016.
II.    The strong growth in revenue expenditure during April-November 2016 was boosted mainly by a 23.2 per cent increase in salaries due to the implementation of the Seventh Pay Commission and a 39.5 per cent increase in the grants for creation of capital assets.

Which is/are correct?
a)    Only I
b)    Only II
c)    Both I and II
d)    Neither I nor II



ANSWERS

1.    (c) 7.1 per cent
2.    (c) Both I and II
3.    (a) 26.9%
4.    (d) 4.1 per cent
5.    (c) USD 76.5 billion
6.    (b) 5%
7.    (c) Both I and II
8.    (d) 10.6%
9.    (a) Only I
10.    (a) (-) 2.5 per cent
11.    (b) US$ 275.4 billion
12.    (a) US$ 76.5 billion
13.    (d) US$ 15.5 billion
14.    (c) Both I and II
15.    (b) Only II

Is this article important for exams ? Yes16 People Agreed

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