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Union Budget 2019-20

Interim Budget 2019-2020 for UPSC Prelims 2019 | Revise with MCQs | Lecture 1

Q.1) Consider the following statements regarding Indian Economy :

1)India is a $5 Trillion large economy.

2)India has surpassed UK to become sixth largest Economy in the world.

3)India is the 2nd largest economy among the BRICS nations

Which of the statements given above is/are correct?

a) 1 and 2 only

b) 1 and 3 only

c) 3 only

d) 1, 2 and 3 only

Q.2)  Which of the following statements are correct in context of Indian Economy?

1)India’s fiscal deficit has increased from 3.4% in 2011-2012 to 6% in 2018-19.

2)Fiscal deficit in India has never exceeded 9% since independence.

Select the answer using the following codes.

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q.3) Which of the following statements are incorrect in context of fiscal system of India?

1)The government debt to GDP ratio has been declining continuosly since financial year 2014-15.

2)The government debt to GDP ratio in terms of percentage has never exceeded 85% since independence.

Select the answer using the following codes.

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q.4) Which of the following statements are correct in context of Balance of Payments of India?

1)India’s CAD has narrowed down in 2017-18 as compared to the 2011-12 .

2)On a year on year basis, the imports of India have witnessed an increase in 2018.

Select the answer using the following codes.

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q.5) Which of the following statements are correct in context of Balance of Payments of India?

1)The merchandise exports of India have witnessed a higher y-o-y growth as compared to services exports in 2018-19 .

2)Overall exports of India grew by nearly 8% in 2018-19 as compared to preceding year.

Select the answer using the following codes.

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q.6) Which of the following statements are correct in context of Balance of Payments of India?

1)India’s CAD has been widening continuously since the past five years.

2)The CAD in the first half of the year 2018-19 has widened as compared to the same time period last year .

Select the answer using the following codes.

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q.7) Arrange the following countries in the decreasing order of their inflows of investment into the Indian Economy in the period between April 2018 to December 2018.

1)Japan

2)Mauritius

3)Singapore

4)China

Select the answer using the following codes.

a) 2-1-3-4

b) 3-2-1-4

c) 2-3-1-4

d) 3-1-2-4

Q.8) Which of the following countries has made the highest contribution in terms of FDI inflows in India in the reference period of April 2000 to December 2018?

a) Singapore

b) Japan

c) Mauritius

d) Netherlands

Q.9) In context of Indian economy which of the following statements is/are correct?

1.The FDI inflows in India have been gradually increasing since fiscal year 2014-15.

2.In the period between 2014-15 to 2017-18, maximum inflow from FDI was witnessed in the fiscal year 2017-18.

Select the correct answer using the codes given below

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q.10) In the interim budget 2019-20, the term ‘4Rs’ was referred to in context of Banking and resolution process of NPAs. Which of the following correctly describes these 4Rs?

a) Reduce – Reuse – Recycle – Refine

b) Revitalize – Recapitalize – Redistribute – Restructure

c) Recognition – Recapitalization – Resolution – Reforms

d) None of the above

 

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