Q1. Consider following statements: 1. The Fifth Economic Census (5th EC) is being conducted by Ministry of Statistics and Programme Implementation (MoSPI) in 2019. 2. Economic Census is the complete count of all establishment located within the geographical boundary of India. Which of the statements given above is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 Ans: b Exp: Economic Census-2019 The Seventh Economic Census (7th EC) is being conducted by Ministry of Statistics and Programme Implementation (MoSPI) in 2019. In the current Economic Census, MoSPI has partnered with CSC e-Governance Services India Limited, a Special Purpose Vehicle under the Ministry of Electronics and Information Technology as the implementing agency for 7th EC. In the 7th EC, an IT based digital platform for data capture, validation, report generation and dissemination will be used. The fieldwork for the 7th EC is likely to commence by the end of June 2019 or next month. The results of the exercise will be made available after verification and validation of the field work. About Economic Census Economic Census will cover all establishments including household enterprises, engaged in production or distribution of goods/services (other than for the sole purpose of own consumption) in non-farm agricultural and non-agricultural sector will be counted. The coverage is same as the one in 6th Economic Census, conducted in 2013. Q2. The goal to make India a 5 trillion-dollar economy is to be achieved by? (a) 2022 (b) 2024 (c) 2020 (d)2030 Ans: b Exp: “The goal to make India a $5 trillion economy by 2024 is challenging, but can surely be achieved,” said PM, according to an official statement. For this, the States should recognise their core competence and aim to increase their economy by 2 to 2.5 times, working towards raising GDP targets right from the district level, he said. He added that the common man’s purchasing power would increase as a result. He urged the States to focus on their potential to grow exports. Q3. Consider the following statements about the Indian Economy - 1. India’s GDP growth has steadily increased from 2017. 2. India is the fifth largest economy in terms of GDP. Select the correct code : a. 1 only b. 2 only c. Both a and b d. Neither a nor b Ans: b Exp: Reference- Economic Survey 2019-2020 The deceleration in India’s GDP growth since 2017 has tracked the decline in world output. Q4. World Economic Outlook is published by a. OECD b. World Bank c. IMF d. UNCTAD Ans: c Q5. Consider the following statements 1. On the supply side, the deceleration in GDP growth has been contributed generally by all sectors. 2. On the demand side, the deceleration in GDP growth was caused by a decline in the growth of real fixed investment. Select the correct code : a. 1 only b. 2 only c. Both a and b d. Neither a nor b Ans: b Exp: On the supply side, the deceleration in GDP growth has been contributed generally by all sectors save ‘Agriculture and allied activities’ and ‘Public administration, defence, and other services’.
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