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