COVID-19 Impact on Economy

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App

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 (D)</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 (D)</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. (B)</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. (B)</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. (A)</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. (A)</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 (D)</p> Signup and view all the answers

Flashcards are hidden until you start studying

More Like This

Use Quizgecko on...
Browser
Browser