Economic Survey 2017-18 Quiz Set-2 PDF for RBI Grade B, NABARD and UPSC:

This Article covers Economic Survey 2017-19 of India Quiz Set-2 PDF notes key highlights useful for UPSC prelims (Civil services), NABARD Grade-A, RBI Grade-B and other competetive exams.

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Question 1: As per the Economic Survey 2017-18, introduction of which of the following led to the boost in exports of the readymade garments (only) by 16%?

a: Reducing import duty on purchase of raw material

b: Subsidy on expenditure incurred for manufacturing

c: Relief from embedded state taxes

d: Introduction of Textile Export Regulatory Authority of India

e: None of the Above

Question 2: Which of the following is correct regarding P/E ratio?

a: P/E ratio is calculated as Intrinsic Price of the Share/Earning per Preferential Share

b: P/E ratio is calculated as Market Price of the Share/Earnings per Share

c: P/E ratio is calculated as Forward Price of the Bond/ Face Value of the
Bond issued by the company

d: P/E ratio is calculated as 52-Week Average Price of the Share/ Total Liabilities of the company

e: Other than the given options

Question 3: Moody’s Investors Service has upgraded the India’s local and foreign currency issuer ratings to BAA2 from BAA3 and changed the outlook on the rating to stable from positive. What is the immediate impact/benefit for the Indian Economy?

a: India’s Foreign Exchange Market will be stabilized

b: Bring down the cost of overseas borrowings for India

c: Exports of the Country will increase rapidly.

d: Fiscal Deficit will be reduced

e: Indian Budget will be implemented more aggressively

Question 4: Index of Industrial Production is compiled and published every month by Central Statistics Office (CSO) of the Ministry of Statistics and Programme Implementation. What is the IIP Index growth rate for February 2018?

a: 6.4%

b: 7.1%

c: 8.5%

d: 4.7%

e: 5.2%

Question 5: Which of the following is the tax rate that allows the government to receive the same amount of money despite of changes in tax laws?

a: Proportional Rate

b: Progressive Rate

c: Reverse Charge

d: Regressive Rate

e: Revenue Neutral Rate

Question 6: Employees’ Provident Fund Organization is under the administrative control of which of the following Ministries?

a: Ministry of Social Justice and Empowerment

b: Ministry of Finance

c: Ministry of Corporate Affairs

d: Ministry of Labor and Employment

e: Ministry of Skill Development and Entrepreneurship

Question 7: Who is the current Director General of National Sample Survey Office?

a: Debi Prasad Mondal

b: R K Pachnanda

c: K K Sharma

d: Balram Bhargava

e: Y C Modi

Question 8: What is the percentage share of exports of Maharashtra, which topped the list as largest shareholder of the export of Goods and Services of the country?

a: 17.2 %

b: 12.7%

c: 56.4%

d: 22.3%

e: 19.68%

Question 9: What percentage of the total number of the firms in the country are in informal sector, i.e outside tax bracket and social security net, which contribute to 21% of the total turnover in the country as per economic survey 2017-18?

a: 87%

b: 56%

c: 02%

d: 38%

e: 18%

Question 10: Which of the following is correct regarding gross domestic savings (GDS)?

a: Gross Value Added (GVA) + net domestic expenditure

b: NDP + final consumption expenditure

c: GNP – depreciation

d: NNP + depreciation

e: GDP – final consumption expenditure

ANSWERS

Question 01: C
Question 02: B
Question 03: B
Question 04: B
Question 05: E
Question 06: D
Question 07: A
Question 08: D
Question 09: A
Question 10: E

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