Economic Scenarios (Madhya Pradesh)

1. In which year was the Madhya Pradesh Rajkoshiya Uttardayitva Evam Budget Prabandhan Adhiniyam passed? [M.P.P.C.S. (Pre) 2018]

(a) 2003
(b) 2004
(c) 2005
(d) 2006

Solution:Madhya Pradesh Rajkoshiya Uttardayitva Evam Budget Prabandhan Adhiniyam was passed in the year 2005. It was amended in the year 2017.

2. Which is the source of the highest revenue in the annual budget of Madhya Pradesh? [M.P.P.C.S. (Pre) 1994]

(a) Forests
(b) Land Revenue
(c) Minerals
(d) Sales Tax

Correct Answer: (d) Sales Tax

Solution:In 1994, Sale tax is largest source of Income in M.P., but recently 'SGST' is the largest component of Tax Revenue of the State, it is expected 16.6%, from the revised estimated of 2020-21, it also increase and Generate 16,111 Crore in 2020-21. In recently 2023-24-51,557 crore.

3. How much population of Madhya Pradesh lives below the poverty line? [M.P.P.C.S. (Pre) 2010]

(a) 36.5 percent
(b) 37.5 percent
(c) 38.5 percent
(d) 40 percent

Correct Answer: (a) 36.5 percent

Solution:According to the data released by 'Planning Commission', in March 2012, Madhya Pradesh has 261.8 million people below the poverty line in 2009-10 which is approximately 36.7 percent of the total population of the state. Thus, option (a) is the closest answer.

4. In Madhya Pradesh Budget, 2017-18, the provision for AMRUT Scheme is [M.P.P.C.S. (Pre) 2018]

(a) Rs. 500 crores
(b) Rs. 600 crores
(c) Rs. 700 crores
(d) Rs. 800 crores

Correct Answer: (c) Rs. 700 crores

Solution:The Madhya Pradesh Government has selected 34 cities, which will be develop under Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme. Total 700 crore has been provisioned for AMRUT and Rs 700 crore has been allocated for the smart cities mission in the budget 2017-18.

5. The formal and real beginning of five-year plans is said to have started in Madhya Pradesh from - [M.P.P.C.S. (Pre) 2016]

(a) third five-year plan
(b) Second five year-plan
(c) First Five-year plan
(d) 11th November, 1956

Correct Answer: (a) third five-year plan

Solution:The state of Madhya Pradesh was constituted on 1 November 1956 by then two 'Five year Plans' [First 'Five year Plans' (1951-1956) and Second 'Five year Plans' (1956-1961)] were already implemented. Therefore, the formal and real beginning of the 'Five Year Plan' in Madhya Pradesh is counted from the third 'Five Year Plan'.

6. Which of the following sectors has been given the maximum allocation in the XI five year plan of Madhya Pradesh ? [M.P.P.C.S. (Pre) 2008]

(a) Health
(b) Education
(c) Power
(d) Irrigationisiot

Correct Answer: (d) Irrigationisiot

Solution:The fund allocation to the above sectors during the 11th five year plan was:

Category	Amount
Health	Rs. 36145 Lakhs
Education	Rs. 556491.90 Lakhs
Energy	Rs. 939296 Lakhs
Irrigation	Rs. 1510261 Lakhs

Thus, maximum fund allocation was to irrigation.

7. From which year was 'MP Incubation and Start-up Policy' implemented? [M.P.P.C.S. (Pre) 2018]

(a) 2013
(b) 2014
(c) 2015
(d) 2016

Correct Answer: (d) 2016

Solution:'MP Incubation and start-up Policy' was implemented in 2016 with the mission to align Madhya Pradesh with the 'Start-up India' flagship initiative of the Government of India and to build a sustainable ecosystem of Innovation, Research and Development and Manufacturing in the state.

8. Headquarter of Madhya Pradesh Finance Corporation is- [M.P.P.C.S. (Pre) 2019]

(a) Indore]
(b) Bhopal
(c) Jabalpur
(d) Ujjain

Correct Answer: (a) Indore]

Solution:Madhya Pradesh Financial Corporation (MPFC) is a leading financial establishment, incorporated by government of state in 1955 under state Financial Corporation's Act 1951. It is an able - bodied organisation with its headquarters at Indore.

Note: In question, Madhya Pradesh Finance corporation is given, which seems incorrect. We explained this question as MPFC.

9. What was the growth rate of Gross State Domestic Product (GSDP) of Madhya Pradesh from the year 2011-12 to 2015-16? [M.P.P.C.S. (Pre) 2018]

Correct Answer: (e) None of the above

Solution:The growth rate of Gross State Domestic Product (GSDP) of Madhya Pradesh is changes every year, Between 2011-12 and 2015-16, the GSDP of Madhya Pradesh grew at an average annual rate of 7.5% (at constant prices). MPPCS omitted out this question from marking criteria.