MCQs - Snapshot of the Indian Economy PDF

MCQs - Snapshot of the Indian Economy 1. What was India's real GDP growth rate in FY24? a) 7.5% b) 8.2% (Correct Answer) c) 6.4% d) 5.6% 2. What was the share of the agriculture sector in India's Gross Value Added (GVA) at current prices in FY24? a) 19.5% b) 17.7% (Correct Answer) c) 21.4%...

MCQs - Snapshot of the Indian Economy 1. What was India's real GDP growth rate in FY24? a) 7.5% b) 8.2% (Correct Answer) c) 6.4% d) 5.6% 2. What was the share of the agriculture sector in India's Gross Value Added (GVA) at current prices in FY24? a) 19.5% b) 17.7% (Correct Answer) c) 21.4% d) 23.3% 3. By how much did India's capital expenditure increase on a year-on-year basis in FY24? a) 15.4% b) 21.9% c) 28.2% (Correct Answer) d) 32.5% 4. In FY24, India's merchandise exports: a) Showed strong growth due to global demand b) Registered a marginal decline in growth (Correct Answer) c) Remained unchanged from FY23 levels d) Showed double-digit growth 5. What was the fiscal deficit of the Union Government as a percentage of GDP in FY24? a) 5.6% (Correct Answer) b) 6.4% c) 4.9% d) 7.2% 6. Which of the following was the main reason for the decline in India's expenditure on major subsidies in FY24? a) Reduction in petroleum subsidies b) Decrease in food and fertilizer subsidies (Correct Answer) c) Decrease in healthcare subsidies d) Increase in government revenue 7. What is the ratio of external debt to GDP for India as of March 2024? a) 21.3% b) 19.8% c) 18.7% (Correct Answer) d) 16.4% 8. India's service exports reached a new high of how much in FY24? a) USD 341.1 billion (Correct Answer) b) USD 305.5 billion c) USD 290.8 billion d) USD 278.4 billion