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Questions and Answers on Finance Ministry’s “The Indian Economy: A Decade in Review” Report

Q & A on Finance Ministry’s “The Indian Economy: A Decade in Review” Report

1. What is the primary focus of “The Indian Economy: A Review” report?

  • (a) Historical events
  • (b) Current political landscape
  • (c) Economic journey and challenges
  • (d) Cultural developments

2. According to the report, what growth rate does the CEA project for the Indian economy in FY25?

  • (a) Below 5%
  • (b) Around 7%
  • (c) Above 10%
  • (d) Unpredictable

3. What challenges are highlighted in the report for India’s economic growth?

  • (a) Political instability
  • (b) Technological advancements
  • (c) Cultural shifts
  • (d) Global supply chain concerns

4. What trend does the report suggest regarding global manufacturing?

  • (a) Continuous hyper-globalization
  • (b) Immediate de-globalization
  • (c) Emerging alternatives to globalization
  • (d) Unchanged global dynamics

5. According to CEA Nageswaran, what is the crucial aspect of India’s economic strategy?

  • (a) Overreliance on global markets
  • (b) Addressing infrastructure deficiencies
  • (c) Relying solely on fossil fuels
  • (d) Ignoring climate change adaptation

6. What area does CEA Nageswaran commend the government’s progress in the last decade?

  • (a) Infrastructure development
  • (b) Health sector development
  • (c) Social welfare programs
  • (d) Cultural preservation

7. How does the report describe India’s financial sector?

  • (a) Weak and hesitant to lend
  • (b) Unstable with declining credit growth
  • (c) Strong, willing to lend, and growing at double-digit rates
  • (d) Non-existent and unreliable

8. What does the report highlight regarding household financial health in India?

  • (a) Increasing liabilities and decreasing assets
  • (b) A decline in Jan Dhan Yojana accounts
  • (c) A stagnant financial sector with no noteworthy changes
  • (d) Robust financial health, with rising assets and deposits

9. How does the report characterize the unemployment rate in the Indian economy?

  • (a) Surging to unprecedented levels
  • (b) Considerably declining post-COVID
  • (c) Remaining constant over the decade
  • (d) Fluctuating with no clear trend

10. According to the report, what positive indicators show the transformation in India’s economic conditions since 2014?

  • (a) High inflation and fiscal deficit
  • (b) Declining foreign exchange reserves
  • (c) Controlled inflation, lower fiscal deficit, and manageable current account deficit
  • (d) Increased reliance on global markets

Answers:

  1. (c) Economic journey and challenges
  2. (b) Around 7%
  3. (d) Global supply chain concerns
  4. (c) Emerging alternatives to globalization
  5. (b) Addressing infrastructure deficiencies
  6. (a) Infrastructure development
  7. (c) Strong, willing to lend, and growing at double-digit rates
  8. (d) Robust financial health, with rising assets and deposits
  9. (b) Considerably declining post-COVID
  10. (c) Controlled inflation, lower fiscal deficit, and manageable current account deficit

Questions and Answers on Finance Ministry's "The Indian Economy: A Decade in Review" Report_40.1

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