Economic Survey of India MCQ for RBI Grade B

Dear aspirants,
We are presenting you the Economic Survey of India MCQ for RBI Grade B from Economic and Social Issues Section of the exam. Before going through the quiz we will recommend you to read the Economic Survey of India
Economic Survey of India MCQ for RBI Grade B

Q1. What is the meaning of term “Decoupling of Indian Economy” as mentioned in Economic Survey of India 2017-18?

  1. The synchronous increase of India’s growth rate along with global growth rate
  2. The synchronous decrease of India’s growth rate along with global growth rate
  3. The improvement in twin balance sheet problem along with the corporate recovery
  4. The phenomenon of India’s accelerating growth in 2016 when growth in other countries was decelerating but then converse happened when world economy embarked on a synchronous recovery, but India’s GDP growth decelerated.

Q2. Which among the following is/are factors attributed to “Decoupling of Indian Economy” from rest of world?
a) Low agriculture growth
b)Demonetization and GST
c) The Twin Balance sheet problem which dampened the flow of credit to Industry
d) Increase in Oil prices
Choose the correct answer from the following options:

  1. Only a, b and c
  2. Only b, c and d
  3. Only a, c and d
  4. All are correct

Q3. Which out of the following is not among the 4R’s of the Twin Balance sheet (TBS) problem to resolve the major indebted cases?

  1. Recognition
  2. Resolution
  3. Revitalize
  4. Reforms

Q4. Which out of the following countries has capitalized on space left by China in the share of global apparel export?

  1. India
  2. Vietnam
  3. Bangladesh
  4. Only 2 & 3
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Q5. What amount of package for apparel sector had been announced by government in year 2016?

  1. Rs 6000 crore
  2. Rs 9000 crore
  3. Rs 12000 crore
  4. Rs 15000 crore

Q6. How much increase in number of indirect tax payers has occurred after the introduction of GST?

  1. 45%
  2. 50%
  3. 55%
  4. 60%

Q7. Which state has the largest share of GST base?

  1. Maharashtra
  2. Tamil Nadu
  3. Karnataka
  4. Uttar Pradesh

Q8. What is the internal trade in India in terms of percentage of GDP?

  1. 40%
  2. 50%
  3. 60%
  4. 65%

Q9. Which of the following is the necessary condition for mandatory EPFO contribution by firms?

  1. Firms employing greater than 10 employees and having monthly salary above 21000
  2. Firms employing greater than 10 employees and having monthly salary below 21000
  3. Firms employing greater than 20 employees and having monthly salary above 15000
  4. Firms employing greater than 20 employees and having monthly salary below 20000

Q10. Which of the following is the necessary condition for mandatory ESIC contribution by firms?

  1. Firms employing greater than 10 employees and having monthly salary above 21000
  2. Firms employing greater than 10 employees and having monthly salary below 21000
  3. Firms employing greater than 20 employees and having monthly salary above 15000
  4. Firms employing greater than 20 employees and having monthly salary below 20000

Answers

  1. 4
  2. 2
  3. 3
    4R’s of the resolution are Recognition, Resolution, Recapitalization and Reforms.
  4. 4
    India has not, or not yet, capitalized on this opening. Instead, countries like Vietnam and Bangladesh are quickly filling the space left by China
  5. 1
  6. 2
  7. 1
    The share of top states in total GST base are Maharashtra (16 percent), Tamil Nadu (10 percent), Karnataka (9 percent), Uttar Pradesh (7 percent), and Gujarat (6 percent).
  8. 3
  9. 4
    EPFO contribution is mandatory for firms employing greater than 20 workers and whose monthly salary is below 15000. Above that, contributions are voluntary
  10. 2
    ESIC contribution is mandatory for firms employing greater than 10 workers and whose monthly salary is below 21000, so that medical benefits are provided to workers.

You may also like to read following MCQs for RBI Grade B exam: 

Click to go to RBI Grade B Preparation Page  | Click to read more such quizzes

Tags: Economic Survey of India MCQ for RBI Grade B, Economic Survey of India questions for RBI Grade B, Economic Survey of India MCQ, Economic Survey of India MCQ for RBI Grade B ESI section

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