ECONOMIC SURVEY 2024-25 MCQ

1.Economic Survey of India is prepared by which department of Finance Ministry?

(a) Department of Economic Affairs
(b) Department of Expenditure
(c) Department of Financial Services
(d) Department of Revenue

2.The global economy across the region in 2024 witnessed which of the following
(a)Turbulent and Even growth
(b)Steady and Even growth
(c)Turbulent and Uneven growth
(d)Steady and Uneven growth

3.Consider the following statements about Disinflation and Deflation:

1. Deflation is a temporary slowing of the pace of price inflation.
2. Disinflation refer to direction of prices while Deflation refers to rate of Change of inflation.

Which of the statements is/are correct?

(a) Only 1
(b) Only 2
(c) Both of the above
(d) None of the above

4.Which of the following poses a significant challenge to global economic stability?

1.Geopolitical tensions
2.Trade policy
3.Conflicts around the world

Choose the correct options:

(a) Only one
(b) Only two
(c) All three
(d) None

5.Which of the following can contribute to macroeconomic stability

1.Maintenace of Fiscal Discpline
2.Trade Surplus
3.Growth in Remittaances

How many of the options are correct:

(a) Only one
(b) Only two
(c) All three
(d) None

6.Which of the following can be considered as Critical Infrastructure?

1. Transportation
2. Power and energy
3. Banking and financial services
4. Government enterprises
5. Healthcare

Choose the correct options:

(a) 1,3,5
b. 2,3,4
c. 2,4,5
THE UNIQUE ACADEMY,THANE GANESH SHETTY SIR’S
 ECONOMIC SURVEY 2024-25 MCQ
d. All of the above

7. Consider the following statements about IMF prediction about global growth:
1.International Monetary Fund has projected global growth around 5%. For 2025.
2. International Monetary Fund has projected Global growth of around 6% for next five years.

Which of the statements is/are correct?

a. Only 1
b. Only 2
c. Both of the above
d. None of the above

8.Consider the following about Purchasing Managers Index:

1.It is released by S&P Global.
2. It measures economic activity at input stage while Index of Industrial Production (IIP)
measures output.
3. PMI does not capture informal sector activity.
4. Central banks of many countries also use the index to help make decisions on interest rates.

Choose the correct options:

a. 1&2
b. 2,3,4
c. 1,3&4
d. All of the above

9.Which of the following is accounted while calculating demand-side calculation of GDP?

1.consumer spending (consumption)
2.business spending (investment)
3.government spending on goods and services
4.spending on net exports

Choose the correct options:

a. 1&2
b. 2,3,4
c. 1,3&4
d. All of the above

10.Which of the following is components of GDP on the Supply Side?

1.durable goods
2.nondurable goods
3.services

Choose the correct options:

a. 1,2 &3
b. 1&2
c. 1&3
d. 2&3

11. Global Supply Chain Pressure Index published by

a. S&P Global
b. Federal Reserve Bank of New York
c. UNCTAD
d. World Economic Outlook

12.Which of the following can cause moderate the manufacturing sector growth?
1.Weak demand in foreign countries
THE UNIQUE ACADEMY,THANE GANESH SHETTY SIR’S
 ECONOMIC SURVEY 2024-25 MCQ
2.Decline in export
3.Agrresive trade and industrial policy of major trading nations
4.Above average monsoons
5.Varations in timing of festivals

Choose the correct options:

a. All of the above
b. 2,3,4
c. 2,4,5
d. 1,3,5

13.Which of the following statement is/are correct about manufacturing sub-sectors?

1.Oil companies face inventory losses.
2.Steel companies faces lower prices global prices.
3.Monsoon effects demand for cement.

Choose the correct options:

a. 1,2 &3
b. 1&2
c. 1&3
d. 2&3

14.Which of the following statement is true according to NABARD’s According to Rural Economic
Conditions and Sentiments Survey for last year(2024)?
a. India’s rural consumption expenditure increased for entire household.
b. India’s rural consumption expenditure decreased for entire household.
c. India’s rural consumption expenditure increased for more than three fourth household.
d. India’s rural consumption expenditure decreased for more than three fourth household.

15.Which of the following are called non-factor services?

1. Remittances
2. Gifts
3. Tourism
4. Transfer payments
5.Rent

Choose the correct options:

a. Only two
b. Only three
c. Only four
d. All of the above

16.Consider the following statement with respect to Union Finances.

1.Persistent general government dis-saving may lead to increase in debt.
2.Prudent fiscal management narrow the saving-investment gap.

Which of the statements is/are correct?

a. Only 1
b. Only 2
c. Both of the above
d. None of the above

17.Which of the following factors can be used for measuring the quality of Public Expenditure?
1.Debt Levels
2.Capex
3.Subsidy
THE UNIQUE ACADEMY,THANE GANESH SHETTY SIR’S
 ECONOMIC SURVEY 2024-25 MCQ
How many of the options are correct:
a. All three
b. Only two
c. Only One
d. None

18. In the question given below, there are two statements marked as Assertion (and Reason (R).
Mark your answer as per the codes provided:
Assertion (A): Fiscal Discipline of the Union government of India has improved from FY 2021.
Reason (R): Union government’s Capital Expenditure as a percentage of total expenditure has
increased from FY2021.

Which of the options given below is/are correct?

(a) Both A and R are true and R is the correct explanation for A.
(b) Both A and R are true but R is not the correct explanation for A.
(c) A is true, while R is false.
(d) A is false, while R is true.

19.Which of the following is true about Union Government finances for the FY25?
1.Increase in gross tax revenue Y-o-Y basis.
2.Decreased Tax Devolution to states.

Which of the statements is/are correct?

a. Only 1
b. Only 2
c. Both of the above
d. None of the above

20.Consider the following statements about Capex of India:

1.Defence,Rail and Road account for major part of Capital Expenditure.
2.Expenditure of Power, Food and Public distribution increased.

Which of the statements is/are correct?

a. Only 1
b. Only 2
c. Both of the above
d. None of the above

21.Which of the following is included in state government’s own tax revenue?

1.GST
2.Stamp and Registration duties
3.Land Revenue
4.Corporate Tax
5.State Excise Duties
Choose the correct options:
a. 1,4,5
b. 1,2,3,5
c. 2,3,5
d. All of the above

22.Which of the following statement is true about State Finances.

1. States own tax revenue accounted for more than half of their total tax receipts in all states.
2. States with a higher ratio of own revenue receipts (ORR) to total revenue receipts also tended
to have relatively lower ratios of revenue deficit to total revenue receipts.
THE UNIQUE ACADEMY,THANE GANESH SHETTY SIR’S
 ECONOMIC SURVEY 2024-25 MCQ
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

23.Which of the following statement is correct?

1.Headline inflation is measured by Wholesale Price Index.
2.Core Inflation is the change in the costs of goods and services excluding the price variations in
seasonal elements, such as those related to food and energy.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

24.Which of the following statement is/are correct with respect to external sector?
1.India’s merchandise showed trade surplus in 2024.
2.India’s service sector showed trade deficit in 2024.
Which of the statements is/are incorrect?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

25. Which of the following statement is/are correct with respect to external sector?
1.India has seventh largest share in global services export.
2.India was top recipient of remittances last year.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

26.Which of the following statement is/are correct?

1. India’s forex reserves are sufficient to cover 90 per cent of external debt.
2. India’s forex reserves are sufficient to provide an import cover of more than ten months.
3.India’s forex reserve is around $5 Trillion.

Choose the options:

a. 1,2 & 3
b. 1&2
c. 1&3
d. 2&3

27.Consider the following statements:

1.The gross Non-performing Asset (NPA) of Scheduled Commercial banks have decreased over
the years.
2.The Capital-to-risk-weighted asset ratio (CRAR) for Scheduled Commercial Bank is well below
the norm.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above
THE UNIQUE ACADEMY,THANE GANESH SHETTY SIR’S
 ECONOMIC SURVEY 2024-25 MCQ

28.Return on assets (ROA) and return on equity (ROE) are financial ratios that measure a
company's profitability. Both are useful for assessing a company's financial health.Consider the
following statements.

1. ROE measures how efficiently a company generates profit from its outside investments
2. A company's ROE will be higher than its ROA if it has a lot of debt.

Which of the statements is/are correct?

a. Only 1
b. Only 2
c. Both of the above
d. None of the above

29. Financial institutions play a pivotal role in shaping a country's economic growth trajectory
by which of the following means:
1.Facilitating savings
2.Investments
3.Credit for economic activities.

Choose the options:

a. 1,2 & 3
b. 1&2
c. 1&3
d. 2&3

30.Consider the following statements about Money :

1.M1 is most liquid form of money.
2. The money multiplier measures the minimum amount of money that a banking system
generates with each unit of central bank money.

Which of the statements is/are incorrect?

a. Only 1
b. Only 2
c. Both of the above
d. None of the above

31.How many of the following are the components of Broad Money:

1. Currency with the Public
2.Demand Deposits with Banks
3.Time Deposits with banks
4.‘Other’ deposits with Reserve Bank
Choose the correct options:
a. Only one
b. Only two
c. Only three
d. All four

32.How many of the following are the sources of Broad Money:

1.Net Bank Credit to Government
2.Bank Credit to Commercial Sector
3.Net Foreign Exchange Assets of Banking Sector
4.Government's Currency Liabilities to the Public
Choose the correct options:
THE UNIQUE ACADEMY,THANE GANESH SHETTY SIR’S
 ECONOMIC SURVEY 2024-25 MCQ
a. Only one
b. Only two
c. Only three
d. All four

33.Consider the following statement about Money Multiplier?

1. When individuals keep more cash, there is lower money multiplier.
2.When CRR is more there is lower Money multiplier.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

34. Which of the following are considered as financial intermediaries?

1.Bank
2.Capital Markets
3.Insurance Companies
4.Mutual Funds
Choose the correct options:
a. 1&2
b. 2,3,4
c. 1,3&4
d. All of the above

35.Consider the statements about Regional Rural Banks(RRB):

1.RRB were established under Banking Regulation Act,1949.
2.There are more than 700 RRB’s across India.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

36.Match the Correct Pairs:

Foodgrains category: Top Producer of 2024
1.Total Pulses: Madhya Pradesh
2.Total Foodgrains: Uttar Pradesh
3.Total Oilseed: Rajasthan
Choose the correct options:
a. 1,2,3
b. 2&3
c. 1&3
d. 3 only

37.Consider the following statment about Development Financial Institutions(DFI):

1.DFI offer extended financial and technical aid across different sectors.
2. DFIs in India have became universal banks or commercial banks.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above
THE UNIQUE ACADEMY,THANE GANESH SHETTY SIR’S
 ECONOMIC SURVEY 2024-25 MCQ
38.Which of the following are ALL INDIA FINANCIAL INSTITUTION(AIFI)?
1. NABARD
2.Small Industrial Development Bank of India (SIDBI)
3.National Housing Bank(NHB)
4.Exim Bank
5.National Bank for Financing and Infrastructure Development (NaBFID)

Choose the correct options:

a. 1,4,5
b. 1,2,3,5
c. 2,3,5
d. All of the above

39. Hiroshima Process International Guiding Principles is associated to

a. Nuclear Fusion Technology Companies
b. Fiscal Discipline of Government
c. Organizations Developing Advanced AI Systems
d. Space Agencies

40.Which organisation has established a committee to develop a Framework for Responsible and
Ethical Enablement of Artificial Intelligence (FREE-AI) in the financial sector?
a. NITI AAYOG
b. RBI
c. Ministry of Finance
d. World Bank

41.Consider the following statements:

1.The BSE market capitalisation to GDP ratio is less than 100%.
2.The corporate debt market is less than quarter of GDP.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

42.Which of the following has led to rise in investor participation in capital markets:
1. Healthy corporate earnings
2. Stable macro fundamentals
3. Efficient and robust technology architecture
4. Trust garnered by mutual fund ecosystem
Choose the correct options:
a. 1&2
b. 2,3,4
c. 1,3&4
d. All of the above

43.Consider the following:

1. Insurance penetration is calculated as the percentage of insurance premiums paid in a year to
the country's gross domestic product.
2. Insurance density is calculated as the ratio of insurance premium to population (calculated in
USD for international comparison).
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
THE UNIQUE ACADEMY,THANE GANESH SHETTY SIR’S
 ECONOMIC SURVEY 2024-25 MCQ
d. None of the above

44.Consider the following about Pension Sector:

1. India's pension sector has grown significantly since the introduction of the National Pension
System (NPS) and Atal Pension Yojana (APY).
2. The share of female subscribers decreased in last five years.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

45.Consider the following :

1.Pension assets in India accounts to more than 25% of GDP.
2.The average pension assets in OECD countries exceed 80 per cent of their GDP.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

46.Which of the following is an Independent Regulatory body?

1.RBI
2.SEBI
3.IRDAI
4.PFRDA
5.IBBI
6.FSDC
Choose the correct options:
a. 1,3,5,6
b. 1,2,4,6
c. 2,3,4,5
d. All of the above

47. Indian Computer Emergency Response Team (CERT-In) is under which ministry?
a. Ministry of Electronics and Information Technology (MeitY)
b. Ministry of Home Affairs
c. Ministry of Communications
d. Prime Minister’s Office(PMO)

48. Global Financial Stability Report is released by

a. IMF
b. Asian Development Bank
c. World Bank
d. World Economic Outlook

49. Global Cybersecurity Index (GCI) 2024 released by

a. International Telecommunication Union (ITU)
b. NITI Aayog
c. World Economic Forum
d. Global AI Law and Policy Tracker

50. Herfindahl concentration index is associated to

a. Trade concentration
b. Insurance density
THE UNIQUE ACADEMY,THANE GANESH SHETTY SIR’S
 ECONOMIC SURVEY 2024-25 MCQ
c. Cybersecurity Attacks
d. Artificial Intelligence

51.Which of the following is true about Global trade:

1. The number of regional trade agreements (RTAs) have increased.
2. Border tariffs among nations have increased.
3. The simple average MFN and preferential tariffs for agriculture have decreased.
Choose the correct options:
a. 1,2,3
b. 2&3
c. 1&3
d. 3 only

52.Which of the following are Non-tariff measures(NTM) that impact international trade?
1. Sanitary and phytosanitary measures (SPS)
2. Pre-shipment inspections
3. Subsidies
Choose the correct options:
a. 1,2,3
b. 2&3
c. 1&3
d. 3 only

53.Consider the following statements:

1. The faster pace of increase in merchandise imports compared to exports contributed to the
widening of the merchandise trade deficit.
2. Services sector exports have demonstrated resilience, while merchandise exports have
witnessed moderation in recent months.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

54. Which of the following platforms have provided an impetus to India’s e-commerce exports?
1.Expanding data connectivity
2.Increased penetration of smartphones
3.Rise in availability and use of digital wallets
4.Safer online payments
5.Increased customers' income levels
6.Growing familiarity with digital shopping
Choose the correct options:
a. 1,3,5,6
b. 1,2,4,6
c. 2,3,4,5
d. All of the above

55.Consider the following statements:

1. India’s CAD has remained relatively contained compared to other G20 economies.
2. FDI inflows into India have surpassed the USD 1 trillion mark from April 2000 to September
2024
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
THE UNIQUE ACADEMY,THANE GANESH SHETTY SIR’S
 ECONOMIC SURVEY 2024-25 MCQ
d. None of the above

56. Consider the following statements:

1. When the Bond yield falls, the price of the bond rises.
2. There was a decrease in the monthly yield of Indian G-Secs (Government Securities) in last
year.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

57. India's foreign exchange reserves comprises of which of the following?

1. Foreign currency assets
2. Gold
3. Special drawing rights (SDRs)
4. Reserve tranche position (RTP) in the IMF
Choose the correct options:
a. 1&2
b. 2,3,4
c. 1,3&4
d. All of the above

58.Match the correct Pairs:

Country: Currency
1.Canadian :Dollar
2.South Korean:Won
3.Brazilian:Real
Choose the options:
a. 1,2,3
b. 2&3
c. 1&3
d. 3 only

59.Consider the following:

1.Inflation rates across economies have shown upward trend.
2.In recent years, food inflation has been a major contributor to headline inflation.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

60. Consider the following:

1.Food inflation in India is majorly driven by all food items.
2. Increasing frequency of extreme weather events increases the price of food items.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

61.which of the following statement is true about India becoming Viksit Bharat as provided by
Economic Survey 2024-2025?
a. India needs to achieve a growth rate of around 8 per cent at constant prices, on average, for
about a decade or two.

THE UNIQUE ACADEMY,THANE GANESH SHETTY SIR’S

 ECONOMIC SURVEY 2024-25 MCQ
b. India needs to achieve a growth rate of around 25 per cent at constant prices, on average, for
about a five years.
c. India needs to achieve a growth rate of around 2 per cent at constant prices, on average, for
about a decade or two.
d. India needs to achieve a growth rate of around 10 per cent at constant prices, on average,
every year.

62.Consider the following statements about globalisation. Which of the statement is incorrect?
a. Global trade accounted for less than 39 per cent of world GDP
b. Global economy was around $100 trillion by 2022.
c. Extreme poverty rates fell to less than 10% of global population.
d. Urbanisation is above 50% globally.

63.Consider the following statement;

1. Climate is a global public good.
2. One Deg. Celsius warming can reduce global GDP by 12 per cent
3. China, the United States, the EU, and other G7 economies produce more than 50 per cent of
global greenhouse gas emissions.
Choose the correct options:
a. 1,2,3
b. 2&3
c. 1&3
d. 3 only

64.How many of the following statements are correct?

1.Only 10 per cent of the world's wind installed capacity is sourced from China.
2.China houses nearly 80 per cent of the world's battery manufacturing capacity.
3.India's share of solar panels exceeds 80 per cent in all the manufacturing stages.
4.About 70 per cent of the world's rare earth minerals, which are critical resources for high-
storage batteries, are processed by European companies.
Choose the correct options:
a. Only one
b. Only two
c. Only three
d. All four

65.To fulfil the aim of Viksit Bharat, Economist have suggested which of the following:
1. The investment rate must rise to approximately 35 per cent of GDP.
2. India will also need to create 78.5 lakh new non-farm jobs annually till 2030.
Choose the options:
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

66.Match the correct pairs of Largest producer in 2023-24?

Foodgrains:State
1.Wheat:Punjab
2.Groundnuts:Gujrat(45%)
3.Sugarcane:Uttar Pradesh
4.Cotton:Maharshtra
5.Jute:West Bengal
Choose the correct options:
a. 1,4,5
b. 1,2,3,5
c. 2,3,5
d. All of the above
THE UNIQUE ACADEMY,THANE GANESH SHETTY SIR’S
 ECONOMIC SURVEY 2024-25 MCQ

67. Kavach system is associated to

a. Indian Railways
b. Indian Roads
c. Indian Defence
d. Indian Space System

68.Which of the statements is/are correct about Indian Roads?

1. India has more 100 lakh km of roads.
2. National Highways comprises of only 20% of total roads.
3. National Highways carries 40% of overall freight traffic.
Choose the correct options:
a. 1,2,3
b. 2&3
c. 1&3
d. 3 only

69. The National Industrial Corridor Development Programme aims to create advanced industrial
cities in India, positioning them as major manufacturing and investment hubs.Match the pairs
of places and states.
1.Dholera: Gujarat,
2.Shendra Bidkin : Maharashtra,
3.Greater Noida : Haryana
4.Vikram Udyogpuri : Uttar Pradesh.
How many of the above pairs are correct:
a. Only one
b. Only two
c. Only three
d. All four

70.Match the correct pairs:

Port:State/Country
1.Vadhavan Mega Port:Mahrashtra
2.Tuticorin International Container Terminal:Kerala
3.Sittwe Port:Bangladesh
4.Chabahar Port:Iran
How many of the above pairs are correct:
a. Only one
b. Only two
c. Only three
d. All four

71. National Maritime Heritage Complex to be developed in

a. Lothal
b. Mangalore
c. Vishakhapatnam
d. Port Blair

72.Consider the following statement:

1. Renewable energy now constitutes about 60 per cent of India's total installed capacity.
2. Solar Energy forms around 70% of total Renewable energy India's total installed capacity.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above
THE UNIQUE ACADEMY,THANE GANESH SHETTY SIR’S
 ECONOMIC SURVEY 2024-25 MCQ

73. SAUBHAGYA scheme is associated to

a. Female Entrepreneurship
b. Electricity
c. Loan Wavier
d. Tax Rebate

74. Universal Service Obligation Fund is associated to

a. Railway Services
b. Telecom Services
c. Banking services
d. Trade Services

75. MeghRaj is an initiative associated to which sector?

a. Cloud Computing
b. Artificial Rain
c. Remote Sensing Satellite
d. Space Observatory Centre

76.Consider the following pairs:

1.India is one of the lowest per capita plastic consumers and generators of plastic waste in the
world.
2.India’s per capita plastic consumption above the global average.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

77. AMRUT scheme is associated to

a. Urban Water Management
b. AYUSH Medicine Subsidies
c. Loan Wavier Scheme
d. None of the Above

78.Which of the following statement is/are correct about India’s Space sector:
1.India has 1000 plus space assets.
2. NSIL is commercial arm of ISRO.
3. OneWeb Satellite constellation is of SpaceX company.
Choose the correct options:
a. 1,2,3
b. 2&3
c. 1&3
d. 2 only

79.Consider the following statements:

1.India accounts for 10% of global share of manufacturing.
2.China accounts for less than 25% of global share of manufacturing.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above
THE UNIQUE ACADEMY,THANE GANESH SHETTY SIR’S
 ECONOMIC SURVEY 2024-25 MCQ

80.Consider the following statements:

1.India is the largest cement producer in the world.
2.Domestic consumption of cement on per capita basis is less that the global average.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

81.Consider the following statements:

1.India’s electronics market represents 23.3 per cent of the global market.
2.Home appliances such as refrigerators, freezers and washing machines are called as White
goods.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

82.Consider the following statements:

1.The textile industry accounts for about 25 per cent of India’s manufacturing GVA.
2.India is a leading producer of jute .
3.India ranks second globally in cotton, silk, and man-made fibre production.
4.India is the sixth largest exporter of textiles and apparel .
Choose the correct options:
a. 1&2
b. 2,3,4
c. 1,3&4
d. All of the above

83.Consider the following statements:

1. Globally, manmade fibre (MMF) consumption is dominant.
2. India's ranks fifth globally in technical textile industry.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

84.Consider the following statements:

1.The Indian pharmaceutical industry is the world’s largest by volume.
2.India holds an estimated 15 per cent share of the global medical devices market.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

85.Consider the following:

1. There is a more than 2-fold increase in patent filing since last decade.
2.Patent filings by women applicants decreased.
3.India’s rank in the Global Innovation Index has improved.
Choose the correct options:
THE UNIQUE ACADEMY,THANE GANESH SHETTY SIR’S
 ECONOMIC SURVEY 2024-25 MCQ
a. 1,2,3
b. 2&3
c. 1&3
d. 3 only

86.Consider the following:

1. Gross expenditure on research & development (GERD) in India has increased.
2.India GERD as percent of GDP is about 10%.
3.In developed economies public expenditure is more on research and development compared to
Private.
Choose the correct options:
a. 1,2,3
b. 2&3
c. 1&3
d. 1 only

87.Consider the following statements:

1.MSMEs have reported employing only 5 crore individuals.
2.CHAMPIONS scheme is associated to MSME.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

88.Consider the following;

1.Four states Gujarat,Maharashtra,Karnataka and Tamil Nadu account for about 43 per cent of
the total industrial GSVA.
2.Six states of the Northeast (excluding Sikkim and Assam), account for only 0.7 per cent of the
industrial GVA.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

89.Business Reform Action Plan (BRAP) formulated with the aim to assess and enhance the ease
of doing business across states was formulated by
a. Department for Promotion of Industry and Internal Trade
b. NITI Aayog
c. World Bank
d. Telangana Government

90.Consider the following:

1. Kerala contributes to 38 per cent share in India’s footwear and leather products output.
2. Tamil Nadu contributes about 47 per cent share in India’s total leather export.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

91.Consider the following statement with respect to Service sector of India:

1.Services value added accounts for about 40 per cent of the global GDP.
2.India’s share in global services exports has been steadily rising for the last two decades.
THE UNIQUE ACADEMY,THANE GANESH SHETTY SIR’S
 ECONOMIC SURVEY 2024-25 MCQ
3.India ranks seventh globally in the global services export.
Choose the correct options:
a. 1,2,3
b. 2&3
c. 1&3
d. 1 only

92.Consider the following statements:

1.Service sector contribution to total GVA is more than 50% .
2.Agriculture contribution to GDP is above 25%.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

93.Consider the following Statements:

1.India accounts for 50 per cent of the world's total cereal output.
2. Crop yields of India are considerably higher compared to those of other leading producers.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

94. Doubling Farmers' Income (DFI) Report 2016

a. Kasturirangan
b. Ashok Dalwai.
c. M S Swaminathan
d. Raghuram Rajan

95. Shree Anna is the term associated to which if the following?

a. Cereals
b. Millets
c. Cash Crops
d. Bio-engineered Foods

96.Consider the following statements about Indian Irrigation system:

1. Only about 15 per cent of the net sown area receiving irrigation.
2. Marginal and small-scale farmers, representing approximately 25 per cent of India's
agricultural holdings.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

97.Consider the following about India’s population:

1.Around 50 per cent of the population in the age group 10-24 years.
2.The currently young population, with a median age of around 28 years.
3.The total dependency ratio has declined from 2011.
4.The Economic Survey highlighted that the Indian economy must generate, on average, 1
million non-farm jobs annually until 2030 to productively engage its growing working
population.
Choose the correct options:
a. 1 & 2
b. 2 & 4
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 ECONOMIC SURVEY 2024-25 MCQ
c. 3 & 4
d.1 & 3

98.Consider the following statement:

1.India possesses around 1 per cent of the world's coal reserves.
2.India possesses 10 per cent of the world’s natural gas reserves.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

99. Advanced Ultra Super Critical (AUSC) power plants is associated to which of the following?
a. Nuclear Power Plant
b. Solar Power Plants
c. Thermal Power Plants
d. Hydrogen Power Planta

100.
1. The proportion of self-employed workers in the workforce has risen.
2. In rural areas, female agricultural employment risen.
Which of the statements is/are correct?
a. Only 1
b. Only 2
c. Both of the above
d. None of the above

ANSWERS:-
1. a
2.d
3.d
• Disinflation is a temporary slowing of the pace of price inflation.
• Unlike inflation and deflation, which refer to the direction of prices, disinflation refers to
the rate of change in the rate of inflation.

4.c
5.c
6.d
India has categorized seven major sectors as critical infrastructure: telecommunications, power
and energy, banking and financial services, transportation, strategic entities, government
enterprises, and healthcare.

7.d
Statment1:Incorrect:International Monetary Fund has projected global growth around 3.3%. For
2025.
Statement 2:Incorrect:International Monetary Fund has projected Global growth of around 3.2%
for next five years.

8.d
PMI measures activity at the purchasing or input stage.
In this sense, it is very different from industrial production which is indicative of actual
production.
PMI data for India is released by S&P Global - a global major in financial information and
analytics.
THE UNIQUE ACADEMY,THANE GANESH SHETTY SIR’S
 ECONOMIC SURVEY 2024-25 MCQ
Earlier PMI data is India was released by IHS Markit before its merger with S&P.
The Index measures the performance of India’s manufacturing sector and is derived after a
survey of approx. 500 manufacturing companies.
A PMI number greater than 50 indicates expansion in business activity.
A number less than 50 shows contraction.

9.d
10.a
11.b
12.a
13.a
14.c
15.c
Non-factor services are payments or receipts that are not directly related to the conventional
factors of production. They are also known as non-factor income or transfer payments.
Examples of non-factor services
• Remittances
• Invisible services like insurance and tourism
• Business current transfer payments
• Taxes on production and imports
• Current surplus of government enterprises less subsidies
• Gifts
• Donations to charities
• Fines

The buying and selling of factors of production, such as land, labor, capital, and
entrepreneurship. Factor services are bought and sold against factor payments, such as rent,
wages, interest, and profit.

16.c
17.a
Factors that affect public expenditure quality
• Debt levels:The quality of public spending is affected by the amount of debt a state has
taken on over time.
• Timely debt servicing:If debt isn't serviced on time, it can lead to higher inflation, a debt
trap, and less room for counter-cyclical policies.
• Capex delays:Delays in capex can strain the public spending capacity in certain sectors.
• Subsidy burdens:Rising subsidy burdens, particularly in the fuel and fertilizer sectors, can
affect the quality of public spending.

18.a
19.a
Statement 2:Incorrect:Increased Tax Devolution to states.
20.c
21.b
Corporate Tax goes entirely to Union government.

22.b
States own tax revenue accounted for more than half of their total tax receipts in 15 states.

23.b
Headline inflation is measured by Consumer Price Index.

24.c
1.India’s merchandise showed trade deficit in 2024.
2.India’s service sector showed trade surplus in 2024.

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 ECONOMIC SURVEY 2024-25 MCQ
25.c

26.b
1. India’s forex reserves are sufficient to cover 90 per cent of external debt
2. India’s forex reserves are sufficient to provide an import cover of more than ten months,
3.India’s forex reserve is around $600-700 Billion.

27.a
The Capital-to-risk-weighted asset ratio (CRAR) for Scheduled Commercial Bank is well above
the norm.

28.c
Return on assets (ROA)
• Considers all assets, including debt
• Measures how efficiently a company generates profit from all its assets
• The formula is ROA = Net Income / Average Assets
Return on equity (ROE)
• Considers only shareholder equity, not debt
• Measures how efficiently a company generates profit from its outside investments
• The formula is ROE = Net Income / Shareholders' Equity
Comparing ROA and ROE
• A company's ROE will be higher than its ROA if it has a lot of debt
• For a company with no debt, its ROA and ROE will be equal
• Comparing ROA and ROE over time can help you understand how a company's financial
health is changing

29.a

30.c
1.M0 is most liquid form of money.
2. The money multiplier measures the maximum amount of money that a banking system
generates with each unit of central bank money.

31.d
Components of Broad Money=Currency with the Public + Aggregate Deposits (Demand Deposits
with Banks +
Time Deposits with banks + ‘Other’ deposits with Reserve Bank

32.d
Sources of Broad Money=Net Bank Credit to Government + Bank Credit to Commercial Sector +
Net Foreign
Exchange Assets of Banking Sector + Government's Currency Liabilities to the Public- Banking
Sector's Net NonMonetary Liabilities

33.c
A country’s MM is influenced by two main factors: - the amount of cash individuals
(and businesses) hold and the reserves that banks maintain.
When individuals keep more cash, the banking system cannot create money, resulting in a lower
multiplier. In this case, cash in hand acts as a leakage from the banking system.
Similarly, the reserves that banks hold with the central bank also count as a leakage, further
decreasing the MM. In India’s case, banks hold a portion of their deposits as reserves with the
RBI, known as CRR.

34.d
Financial intermediaries are institutions or individuals that help facilitate financial transactions
between different parties. Examples include banks, mutual funds, insurance companies, and
stockbrokers.
THE UNIQUE ACADEMY,THANE GANESH SHETTY SIR’S
 ECONOMIC SURVEY 2024-25 MCQ
35.d
RRBs were established in 1975 under the Regional Rural Banks Act of 1976.
Starting from an initial number of five in 1975, they have significantly expanded in reach,
branch count, total deposits, and advances.
There were 133 RRBs in 2006. Following certain mergers, liquidations, and amalgamations to
improve their performance, the number was brought down to 43 in 2023, (sponsored by 12
SCBs) with 22,069 branches.

36.a
37.c
DFIs are key players in supporting economic progress. Their main objective is to boost economic
expansion through funding infrastructure developments. These institutions offer extended
financial and technical aid across different sectors.
DFIs supply technical assistance, including reports on projects, studies on their feasibility, and
advisory services. By improving access to credit for infrastructure and housing projects, DFIs
encourage more loans to be directed towards these critical areas.
DFIs play a vital role in India by providing long-term funding for key sectors, supporting
economic growth, fostering industrial expansion, improving infrastructure, and helping develop
small and medium-sized businesses.
The early DFIs were set up in the 1950s to 1960s. They included the Industrial Financial
Corporation of India (IFCI), Industrial Credit and Investment Corporation of India (ICICI) and
Industrial Development Bank of India (IDBI).
Over time, these DFIs became universal banks or commercial banks. As two major DFIs
converted into commercial banks, there were fewer institutions to address the macro needs of
industrial and infrastructure development.
Institutions such as Infrastructure Development Finance Company (1997), India Infrastructure
Finance Company Limited (IIFCL) (2006), and more recently, the National Bank for Financing
and Infrastructure Development (NaBFID) (2021) have focused on funding infrastructure
development.

38.d
National Bank for Financing and Infrastructure Development (NaBFID) was established as an
infrastructure-focused DFI through NaBFID Act, 2021. The RBI accorded it an ‘All India
Financial Institution’ (AIFI) status on 8 March 2022, making it the fifth AIFI after NABARD,
Small Industrial Development Bank of India (SIDBI), NHB and Exim Bank. NaBFID has both
financial and developmental objectives. Its financial objective is to lend or invest, directly or
indirectly, and seek to attract investment from private sector investors and institutional
investors in infrastructure projects to foster sustainable economic development in India. The
developmental objective of the institution is to coordinate with the central and state
governments, regulators, financial institutions, institutional investors, and other relevant
stakeholders.

39.c

40.b
The Reserve Bank of India (RBI) has established a committee to develop a Framework for
Responsible and Ethical Enablement of Artificial Intelligence (FREE-AI) in the Indian financial
sector. This initiative, led by Dr Pushpak Bhattacharyya(Professor at IIT Bombay), aims to guide
the ethical and responsible adoption of AI technologies within the financial domain.

41.b

BSE market capitalisation to GDP ratio stood at 136 per cent at the end of December 2024,
rising significantly over the last 10 years.

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 ECONOMIC SURVEY 2024-25 MCQ
In contrast to the equity market, the debt market in India remains undercapitalised. As a
percentage of GDP, the corporate bond market is only 18 per cent in India, as opposed to 80 per
cent in Korea and 36 per cent in China.

42.d

The period since the pandemic has seen a surge in individual and household participation as
capital market investors through direct (trading in markets through their accounts) and indirect
(through mutual funds) channels. Healthy corporate earnings, stable macro fundamentals,
efficient and robust technology architecture facilitating efficient trading, clearing, and depository
systems, and trust garnered by mutual fund ecosystem and online digital investment platforms
have encouraged greater participation in capital markets

43.c

With an overall insurance penetration rate of 3.7 per cent, below the global average of 7 per cent,
there is a notable gap in coverage that presents opportunities for insurers to expand their reach.
By targeting tier 2 and 3 cities and rural areas where awareness and accessibility are limited,
insurers can tap into new customer segments and stimulate growth.
Additionally, insurance density in India is relatively low compared to global standards.
Innovative distribution models can facilitate the inclusion of underinsured customers who are
already covered by government schemes such as the Pradhan Mantri Jeevan Jyoti Bima Yojana,
Pradhan Mantri Fasal Bima Yojana, and Pradhan Mantri Jan Arogya Yojana.

The Swiss Re Institute has projected India’s insurance sector to grow at a rate of 11.1 per cent
and is expected to become the fastest-growing market among the G20 nations over the next five
years (2024-2028).

44.a
The share of female subscribers increased from 37.9 per cent in FY16 to 52 per cent in FY24.

45.b
1.Pension assets in India accounts to less than 25% of GDP. Pension assets, including major
schemes like the Employees’ Provident Fund Organisation (EPFO), account for 17 per cent of the
GDP. The NPS contributes an additional 4.5 per cent of the GDP.

46.d
The financial sector is primarily governed through IRBs – RBI, SEBI, IRDAI,
PFRDA and IBBI, with FSDC having a broader financial stability mandate, enabling
inter-regulatory coordination and promoting financial sector development.

47.a

48.a

49.a

50.a

51.c
Border tariffs among nations have reduced.

52.a
UNCTAD defines NTMs as policy measures that are not ordinary customs tariffs but can still
significantly impact international trade in goods. These measures can affect either the quantities
traded, prices, or both (Classification of NTMs | UNCTAD). NTMs are classified into import-
related and export-related categories based on the above classification. Import-related NTMs are
THE UNIQUE ACADEMY,THANE GANESH SHETTY SIR’S
 ECONOMIC SURVEY 2024-25 MCQ
further classified as “technical” or “non-technical.” Technical measures comprise sanitary and
phytosanitary measures (SPS), technical barriers to trade (TBT), and pre-shipment inspections.
Non-technical measures encompass traditional trade policies like quotas, subsidies, and trade
remedies, including those addressing unfair trade practices.
. In the future, the imposition of climate-change-related NTMs by the
EU in the form of the Carbon Border Adjustment Mechanism (CBAM) and European Union
Deforestation Regulation (EUDR)35 is anticipated to have broad implications
for exporters in emerging economies such as China, India, and Turkey.

53.c

54.d

55.c
India’s CAD has remained relatively contained compared to other G20 economies,
such as Brazil and Australia, which have faced similar external pressures, including
higher commodity prices and weaker global demand

Over the long term, FDI inflows into India have surpassed the USD 1 trillion
mark from April 2000 to September 2024, solidifying the country’s position as a safe
and significant global investment destination.
According to data from the Department
for Promotion of Industry and Internal Trade (DPIIT)89, the cumulative FDI inflows,
which include equity inflows, reinvested earnings, and other capital, reached USD
1,033.4 billion during this period.

56.c
Bond prices and yields move inversely, so when the yield falls, the price of the bond rises.
A decrease in the monthly yield of G-Secs (Government Securities) signifies that the market price
of those bonds is increasing, which could indicate a perception of lower risk in the market,
potentially due to factors like lower interest rates, increased investor confidence, or a central
bank policy shift towards easing monetary policy.

The increase in demand for India’s G-Secs is also set to have a positive externality
in terms of lowering the borrowing costs for the government as the yields soften due
to heightened demand and limited supply dynamics. The preliminary impact of this
is already visible in the Indian 10Y G-Sec yields. The inclusion of Indian bonds in
global indices signals a growing appetite amongst foreign investors to include Indian
government securities in their investment portfolios, trust in India’s growth prospects,
and financial stability in the Indian markets

57.d
India's foreign exchange reserves comprise foreign currency assets (FCA), gold,
special drawing rights (SDRs) and reserve tranche position (RTP) in the IMF.

58.a

59.b
Inflation rates across economies have shown downward trend.

60.b
Food inflation in India is majorly driven by some food items.(TOP,Vegetables)

61.a
62.a

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 ECONOMIC SURVEY 2024-25 MCQ
In 1980, global trade accounted for about 39 per cent of world GDP. By 2012, this share had
risen to 60 per cent, reflecting the deep integration of global markets

The global economy grew from USD 11 trillion in 1980 to over USD 100 trillion in 2022
(nominal).
Extreme poverty rates (those living on less than USD 2.15 a day) fell from 42 per cent of the
global population in 1981 to 8.4 per cent in 2019, driven by rapid economic growth in countries
like China and India.
The global population grew from 4.4 billion in 1980 to 8 billion in 2022, with urbanisation rates
rising from 39 per cent in 1980 to 57 per cent in 2022, fuelling economic activity and
connectivity.

63.a
Climate is a global public good. It impacts everyone, everywhere, in ways that are still being
examined and understood. Edward N. Lorenz famously wondered in a 1972 paper, 'Does the
Flap of a Butterfly's Wings in Brazil Set Off a Tornado in Texas' .This perhaps holds now more
than ever.

64.a
1.About 60 per cent of the world's wind installed capacity is sourced from China.
2.China also houses nearly 80 per cent of the world's battery manufacturing capacity, pivotal to
the energy transition.
3.China's share of solar panels (polysilicon, ingots, wafers, cells, and modules) exceeds 80 per
cent in all the manufacturing stages.
4.About 70 per cent of the world's rare earth minerals, which are critical resources for high-
storage batteries, are processed by Chinese companies.

65.c
To achieve this growth, the investment rate must rise to approximately 35 per cent of GDP, up
from the current 31 per cent. Additionally, it will be essential to develop the manufacturing
sector further and invest in emerging technologies such as AI, robotics, and biotechnology. India
will also need to create 78.5 lakh new non-farm jobs annually till 2030,32 achieve 100 per cent
literacy, develop the quality of our education institutions, and develop high-quality, future-ready
infrastructure at scale and speed.

66.c
1.Rice:Telangana
2.Wheat:Uttar Pradesh
3.Maize:Karnataka
4.Total Coarse Cereals:Rajasthan
5.Tur:Karnataka
6.Groundnuts:Gujrat(45%)
7.Soyabean:Madhya Pradesh(41)Maharshtra (40)
8.Sugarcane:Uttar Pradesh
9.Cotton:Gujrat
10.Jute:West Bengal

67.a
68.
India hdas a total road network of 63.4 lakh km, including National highway (NH)
network of 146,195 km.
NH network forms the arterial backbone of road transport network as even though it comprises
only 2 per cent of total road network yet it carries about 40 per cent of the overall road freight
traffic

69.b
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 ECONOMIC SURVEY 2024-25 MCQ
1.Dholera in Gujarat,
2.Shendra Bidkin in Maharashtra,
3.Greater Noida in Uttar Pradesh and
4.Vikram Udyogpuri in Madhya Pradesh.

70.
1.Vadhavan Mega Port:Mahrashtra
2.Tuticorin International Container Terminal:Tamil Nadu
3.Sittwe Port, Myanmar
4.Chabahar Port:Iran

71.a

72.d
1. Renewable energy now constitutes about 47 per cent of India's total installed capacity.
2. Solar Energy forms around 50% of total Renewable energy India's total installed capacity.

73.b
Pradhan Mantri Sahaj Bijli Har Ghar Yojana - Saubhagya is to provide energy access to all by
last mile connectivity and electricity connections to all remaining un-electrified households in
rural as well as urban areas to achieve universal household electrification in the country.

74.b
Universal Service Obligation Fund, providing financial support for telecom services and
subsidising mobile services, broadband connectivity and infrastructure in rural and remote
areas was rechristened Digital Bharat Nidhi (DBN).

75.a

76.a
India’s per capita plastic consumption of only 14 kg below the global average of 35 kg.
Developed economies 100kg

77.a
Atal Mission for Rejuvenation and Urban Transformation (AMRUT): AMRUT scheme was
launched in 2015 to focus on improving urban water management in 500 cities.

The government has introduced several initiatives to promote domestic tourism.

Pilgrimage Rejuvenation and Spiritual Augmentation Drive (PRASHAD) aims to
develop tourism infrastructure at identified pilgrimage destinations and heritage cities

78.d

India currently operates 56 active space assets, including 19 communication satellites, nine
navigation satellites, four scientific satellites, and 24 earth observation satellites. ISRO has
enhanced its capabilities by adding a small satellite launch vehicle to its fleet.

NewSpace India Limited (NSIL), incorporated on 6 March 2019 (under the Companies Act, 2013)
is a wholly owned Government of India company, under the administrative control of
Department of Space (DOS). NSIL is the commercial arm of Indian Space Research Organisation
(ISRO) with the primary responsibility of enabling Indian industries to take up high technology
space related activities and is also responsible for promotion and commercial exploitation of the
products and services emanating from the Indian space programme.
Eutelsat OneWeb is part of the Eutelsat Group, We are the world’s first integrated GEO-LEO
integrated satellite communications operator, transforming space communications.

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 ECONOMIC SURVEY 2024-25 MCQ
79.d
According to United Nations Industrial Development Organisation (UNIDO)2.8 per cent of the
global share in manufacturing, compared to China’s 28.8 per cent. India has a large opportunity
to climb up the ladder.

80.b
India is the second largest cement producer in the world after China.
Domestic cement consumption is around 290 kg per capita against a global average of 540
kilograms per capita.
The cement industry carries an environmental footprint. The industry has been
actively working to reduce its carbon emissions of cement by 2070.

81.b
1.India’s electronics market represents 4 per cent of the global market. The industry has largely
focused on assembly, with limited progress in design and component manufacturing.
2.White Goods (Air Conditioners and LED lights). White goods traditionally refer to large home
appliances such as stoves, refrigerators, freezers and washing machines.

82.b
The textile industry is a major employment generator and it accounts for about 11 per cent of
India’s manufacturing GVA.
India is a leading producer of jute and ranks second globally in cotton, silk, and man-made fibre
production.
India is the sixth largest exporter of textiles and apparel and has a share of about 4 per cent of
the global trade in this segment.

83.c
1. Globally, manmade fibre (MMF) consumption is dominant.
2. India's technical textile industry is rapidly growing, ranking fifth globally.
Technical textiles are specialized textile materials designed for specific functions rather than
appearance. India is a net exporter of technical textiles.

84.d
The Indian pharmaceutical industry is the world’s third-largest by volume.
Currently, India holds an estimated 1.5 per cent share of the global medical devices market.
Within Asia, India ranks fourth in terms of market size, following Japan, China, and South
Korea. On a global scale, India is recognised as one of the top twenty medical device markets.

85.c
There is a more than 2-fold increase in patent filing since 2014-15, and patent grants have
increased by more than 17-fold from 2014-15.
The patent filings by domestic educational institutes have tripled from 7405 in 2021-22 to 23306
in FY24.
Patent filings by women applicants increased from 15 in FY15 to 5183 in FY24
India’s rank in the Global Innovation Index has improved to 39th in 2024 among 133 economies
from 81st position in 2015
India holds the 7th position in intangible asset intensity, surpassing the growth rates of many
high-income economies and matching the intangible investment intensity of Germany and Japan
(as a share of GDP)
As per the WIPO Report 2022, India ranks sixth among the top 10 patent filing offices globally.

86.d
Gross expenditure on research & development (GERD) in India has increased from
approximately ₹60,196 crore in FY11 to about ₹127,381 crore in FY2120. However, this is 0.64

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 ECONOMIC SURVEY 2024-25 MCQ
per cent of the GDP, which is insufficient and remains low compared to many countries that
have forged ahead in R&D.
In contrast, in most developed and emerging economies, business enterprises contribute over 50
per cent to the GERD. In countries like China, Japan, South Korea, and the USA, this share
exceeds 70 per cent21. In the USA, the private sector leads, with companies like Google and
Amazon accounting for about 70 per cent of R&D spending22. China, on the other hand, has a
combination of major government funding with rising private sector involvement, leading to R&D
spending of about 2.1 per cent of its GDP

In India, not only is the industrial R&D low, but it is also sectorally concentrated. Drugs and
pharmaceuticals led the way, followed by information technology, transportation, defence, and
biotechnology. Public sector R&D is primarily driven by the defence industry, followed by the
fuels and metallurgical sectors.
India's R&D focus has been on basic research rather than applied research. This often lacks the
practical applications needed to attract private investment

87.b
1.MSMEs have reported employing 23.24 crore individuals.
2.CHAMPIONS scheme is associated to MSME.
TReDS, regulated by the RBI, is a marketplace that enables buyers such as government
departments, public sector undertakings, corporates etc. to honour timely payments to their
MSME suppliers as per MSMED Act 2006.
MSME Samadhan and the CHAMPIONS (Creation and Harmonious Application of Modern
Processes for Increasing the Output and National Strength) portal.

88.c
1.Four states—the western states of Gujarat and Maharashtra and the southern states of
Karnataka and Tamil Nadu— account for about 43 per cent of the total industrial GSVA.
2.Six states of the Northeast (excluding Sikkim and Assam), account for only 0.7 per cent of the
industrial GVA

89.a

90.b
Tamil Nadu is a leader in the traditional leather sector and now championing the growth of non-
leather footwear. The state contributes to 38 per cent share in India’s footwear and leather
products output, contributing to about 47 per cent share in India’s total leather export. This
sector generates more than 2 lakh employment. Tamil Nadu (TN) also houses technical and
academic institutions like Central Leather Research Institute, Council for Leather Exports,
Footwear Design and Development Institute.

91.b
1.Services value added accounts for about 62 per cent of the global GDP.
2.India’s share in global services exports has been steadily rising for the last two decades.
In 2023, the United States led global services exports with a dominant 13 per cent share,
followed by the United Kingdom with 7.4 per cent, Germany with 5.5 per cent and Ireland,
China, and France, each accounting for approximately 5 per cent. India ranks seventh globally,
representing a 4.3 per cent share in the global services export.

92.a
India’s services sector has been the steadiest contributor to the gross value added (GVA) in the
economy. Its contribution to the total GVA at current prices has increased from 50.6 per cent in
FY14 to about 55 per cent in FY25. It also provides employment to approximately 30 per cent of
the workforce. Services also contribute indirectly to the GDP through the servicification of

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 ECONOMIC SURVEY 2024-25 MCQ
manufacturing, i.e., increasing utilization of services in manufacturing production and post-
production value addition

The ‘Agriculture and Allied Activities’ sector has long been the backbone of the Indian economy,
playing a vital role in national income and employment. This sector contributes approximately
16 per cent of the country’s GDP for FY241 (PE) at current prices and supports about 46.1 per
cent of the population.

93.d
As a major global cereal producer, India accounts for 11.6 per cent of the world's total output.
However, crop yields in the country are considerably lower compared to those of other leading
producers, underscoring the need for productivity improvements

94.b

95.b

96.d
1.only about 55 per cent of the net sown area receiving irrigation
2.marginal and small-scale farmers, representing approximately 85 per cent of India's
agricultural holdings.

97.
1.With around 26 per cent of the population in the age group 10-24 years, India stands at the
cusp of a once-in-a-lifetime demographic opportunity.
2.The currently young population, with a median age of around 28 years
3.The total dependency ratio has declined from 64.6 per cent in 2011 to 55.7 per cent in 2021.
4.The Economic Survey 2023-24 highlighted that the Indian economy must generate, on
average, 78.5 lakh non-farm jobs annually until 2030 to productively engage its growing working
population

98.d
India's only reliable energy source is coal, as it possesses around 10 per cent of the world's coal
reserves but only 0.7 per cent of the world’s natural gas reserves.

99.c

100.c

THE UNIQUE ACADEMY,THANE GANESH SHETTY SIR’S