Gross domestic product' or GDP for an economy or country is the total value of goods and services produced in that country over a given period of time. It is known that prices are required for the assessment of GDP and markets are required for prices. Therefore, GDP reflects only those goods and services that are marketable and have markets. Of course, those who do not have a market are not included in GDP.
1. According to the Survey, what is the general fiscal deficit in FY19?
A. 5%
B. 5.20%
C. 5.60%
D. 5.8%
2. What are the key ingredients for a self-sustaining virtuous cycle?
A. Presenting data as a public good
B. Ensuring policy consistency
C. Emphasizing legal reforms
D. All the above
3. According to Economic Survey 2019, since mid-2018, what happened to rural wage growth?
A. It started decreasing
B. It started increasing
C. Remains same
D. None of the above
4. Economic Survey sees FY20 GDP growth at .......
A. 4%
B. 5%
C. 7%
D. 6%
5. Who is called the evergreen of Indian economy?
A. FMCG
B. FMMG
C. FMCC
D. All of above
6. Despite sluggishness at the national level, the country's _________ sector has performed fairly well in terms of growth.
A. Textile sector
B. Power sector
C. Automobile sector
D. All of above
7. According to the Survey, policy-making needs....
A. Clear Vision
B. Strategic blueprint
C. Tactical tools for constant
D. All the above
8. According to Survey in FY20, what will happen to the oil prices?
A. Increase
B. Decline
C. Remains same
D. None of the above
9. According to the Economic Survey 2019, how much GDP growth rate should be sustained for $5 trillion economies by 2024-25?
A. 6%
B. 7%
C. 8%
D. 9%
10. The GDP growth rate for the first quarter of the current financial year (2019-20) has reached the lowest level of the last _______ years.
A. 6
B. 5
C. 4
D. 3
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