Economic Survey Quiz 2021: Top 10 Questions to expect in Government Exams

Economic Survey Quiz 2021: The article comprises Top 10 Questions to expect in Government Exams from Economic Survey 2020-21. The annual document was tabled in both the houses of the parliament by Finance Minister Nirmala Sitharaman. 

1. Who tabled the Economic Survey 2021 in the Parliament?
a) PM Narendra Modi
b) FM Nirmala Sitharaman
c) Dr. Harsh Vardhan
d) Vice President Venkaiah Naidu

2. Who among the following introduced the detailed presentation of the annual Economic Survey 2021 to the public?
a) CEA KV Subramanian 
b) FM Nirmala Sitharaman
c) Ajay Bhushan Pandey
d) Anurag Thakur

3. As per Economic Survey 2021, what is India’s real growth rate for FY21?
a) -7.7 percent
b) -7.0 percent
c) -8.3 percent
d) -9.1 percent

4. India’s real GDP is projected to record how much growth in FY2021-2022?
a) 11.0 percent
b) 13 percent
c) 14 percent
d) 12.7 percent

5. India’s nominal GDP is projected to record how much growth in FY2021-2022?
a) 15 percent
b) 16 percent
c) 15.4 percent
d) 17.1 percent

6. What is the main theme of Economic Survey 2020-2021?
a) Innovation
b) Infrastructure
c) Policy reforms
d) COVID-19 warriors

7. What was the shape of the recovery of India’s economy during the last year?
a) U-shape
b) W-shape
c) V-shape
d) None of the above

8. According to the Economic survey, which state/UT was an underperformer in both the number of COVID cases and deaths?
a) Kerala
b) Delhi
c) Gujarat
d) Maharashtra

9. Which among the following states was an over-performer in the number of COVID-19 cases?
a) Delhi
b) Uttar Pradesh
c) Punjab
d) Haryana

10. As per Economic Survey 2020-21, which state ranked highest when it came to accessing to bare necessities?
a) Delhi
b) Kerala
c) Uttar Pradesh
d) Madhya Pradesh

Answers

1. (b) FM Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman tabled Economic Survey 2020-21 in the Parliament on January 29, 2021. The survey is generally presented a day before the Union Budget.

2. (a) CEA KV Subramanian 
The Chief Economic Adviser KV Subramanian addressed a press conference on January 29, 2021 during which he introduced the highlights of the annual Economic Survey 2021 document. This follows the presentation of the survey in both houses of the Parliament by Finance Minister Nirmala Sitharaman.

3. (a) -7.7 percent
The real growth rate for FY21 has been taken as -7.7% (MoSPI) in Economic Survey 2020-21 and real growth rate for FY22 is assumed as 11.5 % based on IMF estimates.

4. (a) 11.0 percent
According to Economic Survey 2020-21, India’s real GDP is expected to record 11.0% growth in FY 2021-22 and nominal GDP to grow by 15.4% – the highest since independence.

5. (c) 15.4 percent
According to Economic Survey 2020-21, India’s real GDP is expected to record 11.0% growth in FY 2021-22 and nominal GDP to grow by 15.4% – the highest since independence.

6. (d) COVID-19 warriors
The Economic Survey 2020-21 has been dedicated to all the COVID-19 warriors, who have helped in upholding India. The cover of the economic survey shows these COVID warriors including the nurses, doctors and scientists who have helped in developing the vaccine in record time and sanitation workers who have come together in the time of adversity to uphold India. 

7. (c) V-shape
The cover of the Economic Survey 2020-21 shows a v-shaped recovery that has happened in the Indian economy during the last year. The annual document credited the recovery to India’s decision to impose a stringent national lockdown in the early stage of the pandemic. The survey stated that India recognised that early intense lockdown not only saves more human lives but also enables a quicker economic recovery.

8. (d) Maharashtra
The Economic survey team had research to show -What could have been vs what actually happened. The research showed that India has done really well when it comes to the actual number of COVID-19 cases by avoiding around 37 lakh cases and about one lakh deaths. The team, however, ranked Maharashtra as an underperformer both in the number of cases and deaths. 

9. (b) Uttar Pradesh
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. 

10. (b) Kerala
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.