Economic Scenarios

Total Questions: 30

1. According to the Chhattisgarh Budget Estimates 2021- 22, the contribution of tax revenue in total revenue receipts in financial year 2021-22 is: [Chhattisgarh P.C.S. (Pre) 2022]

(a) 61.05 percent
(b) 62.05 percent
(c) 62.15 percent
(d) 62.37 percent

Correct Answer: (a) 61.05 percent

Solution:According to the Chhattisgarh Budget Estimates 2021-22, the contribution of tax revenue in total revenue receipts in financial year 2021-22 is 61.5. In FY 2024-25 revenue receipts is 85% (125900 Crores) and capital receipt is 15% (21600 Crores) while states won revenue is 46% of Revenue Receipts.

2. According to the Economic Survey 2022-23 the forest area of the State is [Chhattisgarh P.C.S. (Pre) 2023]

(a) 60,038 square kilometer
(b) 59,772 square kilometer
(c) 59,702 square kilometer
(d) 59,972 square kilometer

Correct Answer: (b) 59,772 square kilometer

Solution:According to Economic Survey 2022-23 of Chhattisgarh the forest area of State is 59772.40 square kilometer.

3. Read the following statements carefully and choose the correct answer- [Chhattisgarh P.C.S. (Pre) 2021]

(i) There are about 34.46 lakh farming families in the Chhattisgarh state.

(ii) Agriculture sector has the highest contribution in GSDP of the Chhattisgarh state.

(iii) Agriculture is kept in primary sector in the Chhattisarh state.

Which of the statements is/are true?

(a) Only (i) and (ii)
(b) Only (ii) and (iii)
(c) Only (i) and (iii)
(d) Only (i)

Correct Answer: (c) Only (i) and (iii)

Solution:According to Chhattisgarh Economic Survey 2020-21, Only statement (i) and (iii) are correct.

4. In which year, the percentage of Own Tax Revenue to Total Tax Revenue of Chhattisgarh state is least during the period 2014-15 to 2017-18? [Chhattisgarh P.C.S. (Pre) 2018]

(a) 2014-15
(b) 2015-16
(c) 2016-17
(d) 2017-18

Solution:In Chhattisgarh, the percentage of Own Tax Revenue to total tax revenue of the state was 65.26% in the year 2014- 15, 52.07% in the year 2015-16, 50.18% in the year 216-17 53.45% in the year 2017-18. So it is clear that from the years 2014-15 to 2017-18, and the year 2016-17 witnessed the least percentage of Own Tax Revenue. According to Chhattisgarh economic Survey 2023-24, the percentage of Own Tax Revenue to total tax revenue of the state was 48.66% in the year 2022-23.

5. What average annual growth rate at constant prices was fixed as target for Chhattisgarh State in Twelfth five year plan? [Chhattisgarh P.C.S. (Pre) 2017]

Correct Answer: (d) 7.5 percent

Solution:In Twelfth five year plan annual growth rate at constant prices for industries in Chhattisgarh was targeted at 7.5% where as the actual growth rate at constant prices for the year 2019-20 surpassed the target and the growth rate was 9.65%. According to Chhattisgarh Economic Survey 2023-24, the growth rate of the Industrial sector is estimated at 7.13% in the year 2023-24 (Α).

6. What average annual growth rate of Gross State Domestic Producer of Chhattisgarh State is estimated advance at constant prices in 12th Five Year Plan? [Chhattisgarh P.C.S. (Pre) 2017]

Correct Answer: (b) 7.23 percent

Solution:As per the Chhattisgarh Economic Survey 2016-17, 7.23% was the average annual growth rate of Gross State Domestic Product of Chhattisgarh, which was estimated advance at constant prices in 12th Five Year Plan. According to Chhattisgarh Economic Survey 2023-24, the average annual growth rate of GSDP of Chhattisgarh is 7.67% and 6.56% for the year of 2022-23 (Q) and 2023-24 (A) respectively.

7. Chhattisgarh State has achieved the average annual growth rate in Gross State Domestic Product during four years of 2012-13 to 2015-16 [Chhattisgarh P.C.S. (Pre) 2016]

Correct Answer: (c) 6.35 percent

Solution:Gross State Domestic Product at a market price of Chhattisgarh in the year 2012-13, 2013-14, 2014-15 and 2015-16 is 5.79%, 4.70%, 7.85% and 7.07% respectively. In the Budget Estimates 2024-25, the average GSDP growth rate for the year 2023-24 (A) at constant prices is recorded at 6.56%.

8. What is the trend of contribution of service sector in State Gross Domestic Product (GSDP) of Chhattisgarh State at constant prices during the period 2011-12 to 2016-17? [Chhattisgarh P.C.S. (Pre) 2017]

Correct Answer: (d) Erratic

Solution:The contribution of service sector in GSDP (at constant price) was 34.63% in 2011-12. 34.4% in 2012-13, 33.8% in 2013-14, 34.61% in 2014-15, 35.66%in 2015-16 & 54.81% in 2016-17. According to Chhattisgarh Economic Survey 2023- 24, the contribution of service sector in GSDP (at constant price) is 31.43% in 2022-23 (Q) and 31.19% in 2023-24(A)

9. According to the Chhattisgarh Economic Survey 2021-22, the respective share of agriculture, industry and services in Gross State Domestic Product of Chhattisgarh in 2021-22 at constant prices is : [Chhattisgarh P.C.S. (Pre) 2022]

(a) 16.73%, 50.69%, 32.58%
(b) 16.73%, 50.61%, 32.66%
(c) 16.71%, 50.63%, 32.66%
(d) 16.76%, 50.61%, 32.63%

Correct Answer: (b) 16.73%, 50.61%, 32.66%

Solution:According to Chhattisgarh Economic Survey 2021-22, the respective share of agriculture, industry and services in Gross state Domestic Product of Chhattisgarh is 2021-22 at constant prices is 16.73%, 50.61% and 32.66% respectively. As per 2023-24 Economic Survey the share of agriculture, Industry and Services in GSDP of Chhattisgarh at current prices is 20.49% 44.69% and 34.82% respectively.

10. The GDP of Chhattisgarh estimated in the Economic Survey, 2020-2021 of Chhattisgarh is: [Chhattisgarh P.C.S. (Pre) 2021]

Area	Growth Rate
(a) Agriculture	(i) 0.75%
(b) Service	(ii) 4.61%
(c) Industry	(iii) -5.28%

Match Correctly Options:

Option	A	B	C
(a)	(i)	(ii)	(iii)
(b)	(i)	(iii)	(ii)
(c)	(ii)	(iii)	(i)
(d)	(iii)	(ii)	(i)

Correct Answer: (c)

Solution:The correct match is follows as (According to Economic Survey of Chhattisgarh 2020-21)

Area	Growth Rate
Agriculture	4.61%
Service	0.75%
Industry	-5.28%

As per Economic Survey 2023-24, In 2023-24 (A) at constant the estimated growth rate in Agriculture, Service and Industry is 3.23%, 7.13% and 5.02% respectively.

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