ECONOMIC SURVEY MCQs

1. According to the Economic survey 2010-11 what percentage growth was

recorded by the manufacturing sector in 2010?
a. 9.1%
b. 8.6%
c. 7.3%
d. 8%
Answer: a

2. As per the economic Survey of India 2010-11, the production of food grains is
estimated at over 232 million tonnes with record production of which food
crop?
a. Rice
b. Wheat
c. Bajra
d. Maize
Answer: b

3. What is the percentage growth of GDP predicted by The Economic Survey for
the financial year 2010-11?
a. 8.6%
b. 8.3%
c. 8.0%
d. 9.1%
Answer: a

4. The Economic Survey estimated the Forex reserves of India at over 297
billion US dollars. The surge in Forex is attributed to growth in which of the
following sector?
a. Export sector
b. Foreign Direct Investments
c. Agricultural output
d. Industrial output
Answer: a

5. Gross Fiscal Deficit stands at 4.8% of GDP. What was the percentage of
Gross Fiscal Deficit in 2010?
a. 6.3%
b. 5.8%
c. 5.0%
d. 7.1%
Answer: a

6. Agriculture is expected to grow by what percentage in 2010-11 as per the

Economic Survey?
a. 5.0%
b. 5.1%
c. 5.4%
d. 5.5%
Answer: c

7. What percentage of GDP growth at market prices was estimated by the

Economic Survey 2010-11? a. 9.0%
b. 9.5%
c. 9.7%
d. 10.0%
Answer: c
8. Exports surged by what percentage in the period between April to
December 2010?
a. 25.0%
b. 29.5%
c. 18.1%
d. 33.0%
Answer: b

9. Finance Minister Pranab Mukherjee proposed to increase the Income Tax

Exemption Limit for individual tax payers from 1 lakh 60 to _?
a. 1 lakh 80 thousand
b. 1 lakh 90 thousand
c. 2 lakh
d. 2 lakh 20 thousand
Answer: a

10. Which of the following was not proposed in the Union Budget 2011-12
presented by pranab Mukherjee?
1. Special vehicles were proposed to be created in the form of Infrastructure
Debt Funds to attract foreign funds.
2. Rs. 300 crore expenditure was proposed to promote horticulture centres in
rain fed areas for increasing crop productivity.
3. For the manufacturing sector, the budget proposed reduction of basic
customs duty on raw silk from 30 to 5 per cent.
4. Concessional 10 per cent Excise Duty was also proposed for fuel cell or
Hydrogen cell-technology-based vehicles.
a. 1 & 3
b. Only 2
c. Only 4
d. 3 & 4
Answer: b
11. In the Budget it was proposed to provide sum of money for implementation
of vegetable initiative to set in motion a virtuous cycle of higher production and
incomes for the farmers. What was the proposed amount?
a. Rs 500 crore
b. Rs 300 crore
c. Rs 10000 crore
d. Rs 650 crore
Answer: b

12. Rashtriya Swasthya Bima Yojana was proposed to be being extended to the
beneficiaries of which of the following Union Government schemes?
a. Mahatma Gandhi NREGA beneficiaries
b. Beneficiaries of Swavlamban pension scheme
c. Indira Gandhi National old Age Pension scheme beneficiaries
d.Beneficiaries of Rajiv Gandhi Grameen Vidyutikaran Yojana
Answer: a

13. Acknowledging the need for development of J&K and North-east, Mamata
Banerjee introduced in the Railway Budget 2011 a number measures for these
two regions. In which of the following North-eastern cities did the budget
propose to set up a diesel locomotive centre?
a. Imphal
b. Manipur
c. Guwahati
d. Tripura
Answer: b

14. Read the two statements with regard to the passenger benefit plans
proposed in the Railway Budget 2011.
1.The budget proposed extension of Train Management System to New Delhi,
Bangalore, Secunderabad, Ahmedabad and Lucknow stations to provide
information on running of trains.
2.Mamta Banerjee introduced a new concept of Smart Card - Go India for long
distance travel by Indian railways.
Which of the two statements are true?
a. Only 1
b. Only 2
c. Both 1 & 2
d. None of the above
Answer: c

15. According to Railway Budget 2011, railway card passes would be extended to
the parents of the unmarried posthumous winners of which of the following
Awards?
1. Param Vir Chakra
2. Bharat Ratna
3. Ashok Chakra gallantry award
4. Padma Shri
a. 1 & 2
b. 2 & 3
c. 1, 2 & 3
d. 1 & 3
Answer: d

16. Which of the following schemes proposed in the Railway Budget 2011 is/are
not meant for Railway Employees?
1. Expansion of Liberalized Active Retirement Scheme for Guaranteed
Employment
2. Railway Vidyalaya Prabandhan Board
3. Sukhi Griha Scheme
4. Pradhan Mantri Rail Vikas Yojana
a. 1 & 3
b. 3 & 4
c. 2 & 4
d. 1 & 4
Answer: b
17. The electrical energy requirement of railways is growing rapidly with the
expansion of the rail infrastructure and traffic. Considering the rising demand the
Ministry of Railways proposed to set up 700 MW power plant at Thakurli in
Maharashtra. The power plant is proposed to be based on what form of energy?

a. gas-based
b. coal-based
c. solar power
d. nuclear energy based
Answer: a

18. Ministry of Railways proposed to extend Anti Collision Device (ACD) to

which of the following Railway zones in India?
1. Eastern zone
2. East Central
3. North Eastern
4. South Central
a. 1 & 4
b. 2 & 4
c. 1 & 2
d. 1 & 3
Answer: c

19. With regard to the infrastructure development of Railways as proposed in

Railway Budget 2011 which statement/statements is/are false?
1. The budget proposed to lay 40 new lines, covering 1075 km.
2. The Ministry has allocated Rs 5406 crore for doubling of 867 km of lines
3. A greater thrust was given to the expansion of the rail network with a larger
allocation of Rs 9583 cr for new lines.
4. for gauge conversion over 1017 km. Rs 13820 crore was proposed
a. Only 1
b. 1 & 2
c. Only 4
d. 2 & 4
Answer: c

20. Read the two statements mentioned with regard to the budgetary
allocations for addressing environmental concerns.
1. The budget proposed that the solar lantern used in far-flung villages will
attract no duty from 10 per cent charged earlier.
2. To provide green and clean transportation for the masses, National
Mission for Hybrid and Electric Vehicles will be launched in the year 2011 in
collaboration with all stakeholders.
Which of them is true?
a. Only 1
b. Only 2
c. Both 1 & 2
d. None of the above
Answer: b

21. To enhance credit worthiness of economically weaker sections and LIG

households, a Mortgage Risk Guarantee Fund was announced to be created under
which of the following scheme or Yojana?
a. Rajiv Awas Yojana
b. Rajiv Gandhi Grameen Vidyutikaran Yojana
c. Indira Awas Yojana
d. Mahatama Gandhi NREGA
Answer: a

22. Read the following statements with regard to the allocation in the
Educational sector as proposed by Union Budget 2011-12.
1. For Sarva Siksha Abhiyan the allocation was increased by 40 percent to
21000 crore rupees.
2. All institutions of higher learning will be connected through optical fibers by
March 2012.
3. 500 crore rupees was proposed to be provided for national skill development
fund.
4. For the needy scheduled castes ad scheduled tribe candidates studying in
class-IX and Xth pre-matric scholarship scheme was proposed to be introduced.
Which of the above mentioned statements is not true?
a. 1
b. 2
c. 3 & 4
d. 4
Answer: b

23. The Basic Customs Duty exemption was proposed to be extended to which of
the following sectors?
a. art and antiquities for exhibition or display in private art galleries
b. Cinematographic film, factory-built ambulances
c. syringes and needles
d. agricultural machinery
Answer: a

24. What amount of money was allocated for Bharat Nirman?

a. 1000 crore
b. 58000 crore
c. 55438 crore
d. 14362 crore
Answer: b

25. Which of the following statement/statements is/are true with reference to the
Railway Budget 2011?
1. Railway Minister Mamata Banerjee proposed Annual Plan for the year
2011-12 at Rs 57630 cr which is the highest ever plan investment by the railways
in a single year.
2. Under the proposed Pradhan Mantri Rail Vikas Yojana the pending socially
desirable lines would be completed and other similar new line projects would also
be taken up.
 3. Mamata Banerjee declared 2010-11 as the Year of Green Energy.
4. 2 AC Double Decker Trains in the Jaipur-Delhi and Delhi-Ahmedabad
routes were proposed.
Choose Answers:
a. 1,2 & 3
b. 1 & 4
c. 2 & 3
d. 1 & 2
Answer: d