COVID-19 Impact on Economy
10 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the estimated growth rate of the Services sector in 2021-22?

  • 7.0 per cent
  • 8.4 per cent
  • 11.8 per cent
  • 8.2 per cent (correct)

    • What is the estimated growth rate of Total Consumption in 2021-22?

  • 8.2 per cent
  • 11.8 per cent
  • 7.0 per cent (correct)
  • 8.0 per cent

    • What is the estimated GDP growth rate for 2022-23?

  • 7.5-8.0 per cent
  • 8.0-8.5 per cent (correct)
  • 9.0-9.5 per cent
  • 7.0-7.5 per cent

    • What was the status of India's balance of payments during the pandemic?

    <p>Surplus</p> Signup and view all the answers

    What is the equivalent of India's foreign exchange reserves in terms of months of merchandise imports?

    <p>13.2 months</p> Signup and view all the answers

    What has been the impact of the COVID-19 pandemic on the world economy?

    <p>It has created challenging times for policy-making.</p> Signup and view all the answers

    What was the Indian Government's immediate response to the pandemic?

    <p>To provide safety-nets to vulnerable sections of society and the business sector.</p> Signup and view all the answers

    What is expected to happen to the Indian economy in 2021-22?

    <p>It will witness real GDP expansion of 9.2 per cent.</p> Signup and view all the answers

    How did the 'second wave' of the pandemic affect the economy?

    <p>It had a smaller impact than the full lockdown phase in 2020-21.</p> Signup and view all the answers

    What is the expected growth rate of the agriculture sector in 2021-22?

    <p>3.9 per cent</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser