Economic Q & A 2017-18 PDF

Economic Survey 2017–18 Questions & Answers

1.Who had prepared the Economic Survey 2017-2018?

1.Arun Jaitley
2.Arvind Kejiriwal
3.Arvind Subramanian
4.N.K.Singh
5.None of these
Answer: 3.Arvind Subramanian; Arvind Subramanian is the Chief Economic Adviser

2.Who presented the Economic Survey 2017-2018 in Parliament?

1.Arun Jaitley
2.Arvind Kejiriwal
3.Hamsukh Adhia
4.N.K.Singh
5.None of these
Answer: 1.Arun Jaitley; Arun Jaitley is the Union Finance Minister of India

3.What was the colour of the Economic Survey 2017-2018 document?

1.White
2.Blue
3.Yellow
4.Red
5.None of these
Answer: 5.None of these; Pink – this colour was chosen to emphasise Gender and Son meta-preference
prevailing in Indian society

GDP Growth
4.What is the GDP growth prediction for financial year 2018-2019 as per Economic Survey 2017-
2018?
1.7-7.5%
2.7.5-8%
3.6.5-7.3%
4.7-8%
5.None of these
Answer: 1.7-7.5%

5.As per Economic Survey 2017-2018, what is the GDP growth expected for financial year 2017-2018?
1.6.25%
2.6.50%
3.6.75%
4.7.00%
5.None of these
Answer: 3.6.75%

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6.What is the services growth expectation for financial year 2017-18?

1.6.5%
2.7.3%
3.7.75%
4.8.3%
5.None of these
Answer: 4.8.3%

7.What is the industrial growth expectation for financial year 2017-18?

1.3.3%
2.4.4%
3.6.5%
4.7.5%
5.None of these
Answer: 2.4.4%

8.What is the agricultural growth expectation for financial year 2017-18?

1.2.1%
2.3.5%
3.4.3%
4.6.5%
5.None of these
Answer: 1.2.1%

Inflation
9.What is the average consumer price inflation based headline inflation for 2017-18?
1.3.3%
2.4.2%
3.5.6%
4.7.3%
5.None of these
Answer: 1.3.3%; The average consumer price inflation based headline inflation declined to a six-year low
of 3.3 per cent in 2017-18

Direct Tax Collection

10.What is the increase in direct tax collections of the Centre during April-November 2017 period?
1.13.7%
2.14%
3.12%
4.5.6%
5.None of these
Answer: 1.13.7%

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Indirect Tax Collection (under GST era):

11.What is the increase in indirect tax collections of the Centre during April-November 2017 period?
1.13.4%
2.14.3%
3.18.3%
4.19.5%
5.None of these
Answer: 3.18.3%

12.By what percent the GST has increased the number of unique indirect taxpayers?
1.50%
2.20%
3.30%
4.40%
5.None of these
Answer: 1.50%

13.What was the number of unique GST registrants as on December 2017?

1.1.3 million
2.2.5 million
3.4.5 million
4.9.8 million
5.None of these
Answer: 4.9.8 million

International & Inter-State Trade

14.Top 1 percent of Indian firms account for _____ percent of exports?
1.25%
2.70%
3.38%
4.45%
5.None of these
Answer: 3.38%

15.Maharashtra, Gujarat, Karnataka, Tamil Nadu and Telangana account for what per cent of
India’s exports?
1.50%
2.60%
3.40%
4.70%
5.None of these
Answer: 4.70%

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16.India’s internal trade in Goods & Services is what per cent of GDP?
1.60%
2.45%
3.50%
4.85%
5.None of these
Answer: 1.60%

17.Rebate of State Levies (ROSL) has boosted exports of readymade garments (man- made fibers) by
what per cent?
1.25%
2.18%
3.16%
4.56%
5.None of these
Answer: 3.16%

Social Infrastructure, Employment and Human Development

18.In 2017-18, expenditure on social services by the Centre and States as a proportion of GDP is?
1.5.5%
2.6.6%
3.7.7%
4.5.6%
5.None of these
Answer: 2.6.6%

19.As per Economic Survey 2017-2018, Climate change could reduce annual agricultural incomes by
_____ percent on average?
1.15 – 18%
2.20 – 25%
3.20 – 30%
3.25 – 30%
4.None of these
Answer: 1.15 – 18%

20.As per Economic Survey 2017-2018, Climate change could reduce annual agricultural incomes by
______ percent for unirrigated areas?
1.18 – 20%
2.15 – 18%
3.20 – 25%
4.25 – 28 %
5.None of these
Answer: 3.20 – 25%

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Other information
21.What will be areas of focus in the medium term?
1.Agriculture, education, and gender equality
2.Agriculture, education, and women empowerment
3.Agriculture, education, and employment
4.Entrepreneurship, education, and employment
5.None of these
Answer: 3.Agriculture, education, and employment

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