Economic Survey 2020: Economic Survey is presented in the Parliament of India ahead of the Union Budget. It is the Finance Ministry’s flagship document. The Economic Survey provides complete information regarding the Indian economy over the past year (2019-20). The Economic Survey throws light on the current state of the economy, and occasional insights into the economic outlook.
The Economic Survey 2020 is prepared by the Chief Economic Advisor and his team and presented in both houses of Parliament a day before the announcement of the Union Budget. This year’s Economic Survey has been prepared by Chief Economic Advisor Krishnamurthy Subramanian. In this article, we are providing all the questions related to this year’s Economic Survey.
Q. What is the estimated GDP growth projected for FY 2019-20 as per Economic Survey?
India’s GDP growth is seen to grow at 4.8% in the first half of the FY 2019-20. The estimated growth for FY 2019-20 is 5%.
Q. How many firms were created in 2018 as per the Economic Survey?
Ans. According to the Economy Survey about 1.24 lakh new firms were created in 2018, an increase of about 80% from about 70,000 in 2014.
Q. What is India’s rank in the New Firm Created, as per World Bank?
Ans. India ranks third in the number of new firms created, as per the World Bank.
Q. What is India’s Rank in the Human Development Index?
Ans. India’s ranking in the Human Development Index improved to 129 in 2018 from 130 in 2017.
Q. As per the data of Economic Survey of India, how many children and women were vaccinated under Mission Indradhanush?
Ans. Mission Indradhanush has vaccinated 3.39 crore children and 87.18 lakh pregnant women of 680 districts across the country.
Q. What is the total amount of Foreign Direct investment attracted in 2019 as per the Economic Survey?
Ans. The country has attracted a net FDI of US$ 24.4 billion in April November of 2019-20 as compared to US$ 21.2 billion in April-November of 2018-19.
Q. What is the rank of India in the World Bank’s Doing Business rankings?
Ans. India has jumped up 79 positions in World Bank’s Doing Business rankings, improving from 142 in 2014 to 63 in 2019. The list has been topped by New Zealand.
Q. What is the Consumer Price Index (CPI) inflation in FY 2019-20 as per the Economic Survey?
Ans. Consumer Price Index (CPI) inflation increased from 3.7 per cent in 2018-19 (April to December 2018) to 4.1 per cent in 2019-20 (April to December 2019).
Q. What is the Wholesale Price Index (WPI) inflation in FY 2019-20 as per the Economic Survey?
Ans. Wholesale Price Index (WPI) inflation fell from 4.7 per cent in 2018-19 (April to December 2018) to 1.5 per cent during 2019-20 (April to December 2019).
Q. Which State topped the Sustainable Development and Climate Change India Index 2019?
Ans. Himachal Pradesh topped the list followed by Kerala, Tamil Nadu, and Chandigarh.
Q. What is the Foreign reserves of India as on 10th January 2020?
Ans. Foreign reserves of India stood at US$ 461.2 bn as on 10th January 2020.
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Q. Which countries are the top 5 trading partners of India?
Ans. India’s top five trading partners continue to be USA, China, UAE, Saudi Arabia and Hong Kong.
Q. As per the World Bank’s Logistics Performance Index, what is the rank of India?
Ans. According to the World Bank’s Logistics Performance Index, India ranks 44th in 2018 globally, up from 54th rank in 2014.
Q. At what amount is the Centre’s fiscal deficit budgeted at in 2019-20 as compared to 6.49 lakh crore (3.4 per cent of GDP) in 2018-19 PA?
Ans. In 2019-20, the Centre’s fiscal deficit was budgeted at 7.04 lakh crore (3.3 per cent of GDP).
Q. What is the estimate as per the Economic Survey by which India can raise its export market share by 2025?
Ans. By integrating “Assemble in India for the world” into Make in India, India can raise its export market share to about 3.5 per cent by 2025 and 6 per cent by 2030.
Q. How many well-paid jobs are estimated to be created by 2025 as per the Economic Survey?
Ans. In the process, India would create about 4 crore well-paid jobs by 2025 and about 8 crores by 2030.
Q. How many new jobs were created in rural and urban areas between 2011-12 and 2017-18?
Around 2.62 crore new jobs were created in rural and urban areas between 2011-12 and 2017-18.
Q. Under the “Trading across Borders” indicator, India improved its ranking from 143 in 2016 to how much in 2019?
Ans. India improved its ranking from 143 in 2016 to 68 in 2019 under the indicator, “Trading across Borders”, monitored by World Bank in its Ease of Doing Business Report.
Q. By how much has India’s Balance of Payments position improved March End 2019 to September end 2019?
Ans. India’s BoP position improved from US$ 412.9 bn of forex reserves in end-March, 2019 to US$ 433.7 bn in end September 2019.
Q. The Current account deficit (CAD) narrowed from__in 2018-19 to__ of GDP in the first half of 2019-20?
Ans. Current account deficit (CAD) narrowed from 2.1% in 2018-19 to 1.5% of GDP in the first half of 2019-20.
Q. Which states have the highest Entrepreneurial activity in the Service sector?
Ans. Entrepreneurial activity in the services sector is highest in the regions of Delhi, Mizoram, Uttar Pradesh, Kerala, Andaman and Nicobar, and Haryana.
Q. How many total firms were created in 2018, an increase of about 80 % from about 70,000 in 2014?
Ans. About 1.24 lakh new firms created in 2018.
Q. India is estimated to become a ………..trillion economy by 2025?
Exports of network products can provide one-quarter of the increase in value-added required for making India a $5 trillion economy by 2025.
Q. As per the World Economic Outlook of October 2019, at what position will India grow in the world as per the GDP?
India’s economy to become the fifth largest in the world, as measured using GDP at current US$ prices, moving past the United Kingdom and France.
Q. What is the estimated size of the economy in 2019 as per the Economic Survey?
The size of the economy is estimated at US$ 2.9 trillion in 2019.
Q. Which is the only bank of India to rank in the Global top 100 list?
The highest-ranked bank—State Bank of India— is ranked a lowly 55th in the world and is the only bank to be ranked in the Global Top 100.
The largest bank in the world is Industrial and Commercial Bank of China which is nearly two times as big as the 5th or 6th largest bank, which are Japanese and American banks respectively.
Q. How much has the Capital to Risk-weighted Asset Ratio of SCBs increased between March 2019 and September 2019?
Capital to Risk-weighted Asset Ratio of SCBs increased from 14.3% to 15.1% between March 2019 and September 2019.
Q. As reported in the Economic Survey, formal employment in the economy increased by how much as compared to 2011-12?
Total formal employment in the economy increased from 8% in 2011-12 to 9.98 % in 2017-18.
Q. How much amount of loss has Public Sector Banks faced due to bad loans in 2019 as per the Economic Survey?
In 2019, PSBs’ collective loss largely due to bad loans has amounted to over 66,000 crores.
Q. How much per cent of Bank frauds are reported by the Public Sector Banks?
PSBs account for 85 per cent of reported bank frauds.
Q. What is the estimated value of Gross non-performing assets (NPAs) and net non-performing assets (NPAs) in 2019?
The Gross non-performing assets (NPAs) equal 7.4 lakh crores which are more than 150 per cent of the total infrastructure spend in 2019. The net NPAs equal to 4.4 lakh crore.
Moreover, in 2019, PSBs suffered losses of ` 661 billion compared to profits of ` 421 billion of other scheduled commercial banks or profits of `390 billion of the NPBs.
Q. GST collections grew by __% for the Centre during April-November 2019?
GST collections grew by 4.1% for the Centre during April-November 2019.
Q. How much has the share of agriculture and allied sectors in the Gross Value Added (GVA) declined from 2014-15 to 2019-20?
The share of agriculture and allied sectors in the Gross Value Added (GVA) of the country at current prices has declined from 18.2 per cent in 2014-15 to 16.5 per cent in 2019-20.
Q. What is the rank of India in Emerging Green Bond Market?
India is the second-largest Emerging Green Bond Market after China.
Q. Who is the largest producer of milk in the world?
India is the largest producer of milk in the world. Milk production in the country was 187.7 million tonnes in 2018-19 and registered a growth rate of 6.5 per cent over the previous year.
Q. What is the industrial sector growth registered as per the Index of Industrial Production (IIP) during 2019-20?
The industrial sector as per the Index of Industrial Production (IIP) registered a growth of 0.6 per cent in 2019-20 (April-November) as compared to 5.0 per cent during 2018-19 (April-November).