Economics (Part – VI) - Mock Test 365

31. The GDP growth rate for the fiscal year 2017-2018 was pegged at_________ by the Economic at Survey report 2017-18. [S.S.C. Online Constable GD 3.03.2019 (Shift-I)]

(a) 5.75%
(b) 6.75%
(c) 8.25%
(d) 7.25%

Correct Answer: (b) 6.75%

Solution:The Economy survey 2017-2018 was authored by the chief economic adviser in the finance ministry Arvind Subramaniam. The real GDP growth projections for 2017-18 were expected to be around 6.75%.

32. The Union Budget 2018 allocated for food processing, which was almost double of the allocation in the previous year's budget. [S.S.C. Online Constable GD 3.03.2019 (Shift-I)]

(a) Rs 2,400 crore
(b) Rs 1,900 crore
(c) Rs 2,900 crore
(d) Rs 1,400 crore

Correct Answer: (d) Rs 1,400 crore

Solution:The Union Budget 2018 allocated Rs 1,400 crore for food processing, which was almost double the allocation in the previous year's budget. Rs 1308.66 crore has been allocated for food processing in the Union Budget 2021-22.

33. Minimum Support Price for 2018-19 for Paddy of the Common variety is set at________. [S.S.C. Online Constable GD 3.03.2019 (Shift-I)]

(a) Rs 5,150 per quintal
(b) Rs 1,750 per quintal
(c) Rs 2,430 per quintal
(d) Rs 1,950 per quintal

Correct Answer: (b) Rs 1,750 per quintal

Solution:Option (b) was the correct answer for the question period. For the year 2022-23, the minimum support price for common variety of paddy has been fixed at Rs 2,040 and for grade A paddy at Rs 2060 per quintal.

34. What were the foreign exchange reserves of India as on December 21, 2018? [S.S.C. Online Constable GD 3.03.2019 (Shift-II)]

(a) USS 393.29 billion
(b) US$ 491.72 billion
(c) USS 677.85 billion
(d) US$ 524.17 billion

Correct Answer: (a) USS 393.29 billion

Solution:India's foreign exchange reserves stood at US$393.29 billion as on December 21, 2018. The reserves stood at $588.314 billion as on July 1, 2022, RBI data showed. Out of this, foreign currency assets stood at $524.745 billion while reserves held in gold were valued at $40.422 billion. The balance is kept with the International Monetary Fund's special drawing rights and reserves.

35. Minimum Support Price for 2018-19 for Ragi is set at______. [S.S.C. Online Constable GD 3.03.2019 (Shift-II)]

(a) Rs 5,150 per quintal
(b) Rs 1,950 per quintal
(c) Rs 2,897 per quintal
(d) Rs 2,430 per quintal

Correct Answer: (c) Rs 2,897 per quintal

Solution:The minimum support price for ragi for 2018-19 was Rs 2,897 per quintal. The Minimum Support Price of Ragi for the year 2022-23 has been declared at Rs 3578 per quintal.

36. In the Union Budget 2018, the amount of loans given to Self Help Groups has been increased by how much? [S.S.C. Online Constable GD 3.03.2019 (Shift-II)]

(a) Rs 15,000 crore
(b) Rs 35,000 crore
(c) Rs 55,000 crore
(d) Rs 75,000 crore

Correct Answer: (d) Rs 75,000 crore

Solution:In the Union Budget 2018-19, the loan amount to SHGs has been increased to Rs 75,000 crore.

37. In which year the Union Budget of India and the Railway Budget were merged? [S.S.C. Online MTS (T-I) 9.08.2019 (Shift-III)]

(a) 2017
(b) 2016
(c) 2018
(d) 2015

Correct Answer: (a) 2017

Solution:

In 2017, the Railway Budget was merged with the Union Budget, ending a practice that began in 1924 under the British.

38. In which year the Railway Budget was included in the Union Budget after being separated for 92 years? [S.S.C. Online Constable GD 2.03.2019 (Shift-I)]

(a) 2018-19
(b) 2017-18
(c) 2015-16
(d) 2014-15

Correct Answer: (b) 2017-18

Solution:After being presented separately for 92 years, the Railway budget was merged in the Union Budget in 2017-18 and presented together.

39. The Finance Minister of India, in his budget speech, announced the launching of the indigenously developed semi high-speed train named as_______. [S.S.C. Online Constable GD 18.02.2019 (Shift-III)]

(a) Vande Bharata Express
(b) Veer Jawan Express
(c) Viacom Express
(d) Vikramsheela Express

Correct Answer: (a) Vande Bharata Express

Solution:The Finance Minister of India in his budget speech in the Union Finance Budget 2019-20 announced the launch of the indigenously developed semi-high speed train named Vande Bharata Express. The first Vande Bharata Express ran between New Delhi and Varanasi and the second between New Delhi and Katra.

40. As per the interim Budget 2019, the 22nd AIIMS is proposed to come up in_______. [S.S.C. Online Constable GD 18.02.2019 (Shift-III)]

(a) Assam
(b) Jharkhand
(c) Maharashtra
(d) Haryana

Correct Answer: (d) Haryana

Solution:As per the Interim Budget 2019, the 22nd AIIMS is proposed to come up in the Rewari district in Haryana.

Economics (Part – VI)