Economic Survey MCQ Series- Question 15

Question:

According to the Economic Survey 2015-16, there are certain constraints which make India’s growth prospects full of challenges. Which of the following are those constraints?

1. Increased correlation between India’s growth and world’s growth

2. The “Twin Balance Sheet Problem” that India is facing

3.The turmoil in the global financial markets

4.Stalling of the GST Bill in the Parliament

5.Monetary tightening by the RBI

1. 1,3,4 and 5 only
2. 2,3 and 5 only
3. 1,3 and 4 only
4. 1,2 and 3 only

 

The correct answer for yesterday’s question is 3 i.e. lack of 2 and 3

JAM refers to Jan Dhan, Aadhaar and Mobile. There are three ingredients that help policymakers to decide where next to spread JAM. They are: The first-mile is identification of beneficiaries. The middle-mile is transfer of money to beneficiaries. The last-mile is beneficiaries must be able to access their money from banking channel. Failures in middle and last-miles lead to exclusion errors i.e. genuine beneficiaries being unable to avail benefits.

 

Economic Survey MCQ Series- Question 14

Question:

The implementation of JAM trinity i.e. Jan Dhan, Aadhar and Mobile requires:

1) Identification of beneficiaries

2) Transfer of money to them and

3) The accessibility of the money through some banking channel

“Exclusion errors” refer to

1. lack of 1
2. lack of 1 and 2
3. lack of 2 and 3
4. lack of 3

 

The correct answer for yesterday’s question is 1 i.e. lack of 1

The explanation is as follows:

JAM refers to Jan Dhan, Aadhaar and Mobile. There are three ingredients that help policymakers to decide where next to spread JAM. They are: The first-mile is identification of beneficiaries. The middle-mile is transfer of money to beneficiaries. The last-mile is beneficiaries must be able to access their money from banking channel. Failure in first-mile leads to inclusion errors and leakages as benefits intended for poor reaches to rich and “ghost” households

Economic Survey MCQ Series- Question 13

The implementation of JAM trinity i.e. Jan Dhan, Aadhar and Mobile requires:

1) Identification of beneficiaries

2) Transfer of money to them and

3) The accessibility of the money through some banking channel

“Inclusion errors” refer to

1. lack of 1
2. lack of 1 and 2
3. lack of 2 and 3
4. lack of 3

 

The answer for yesterday’s question is 4 i.e. malaria

Mission Indradhanush was launched to target coverage of all those children by 2020 who are either unvaccinated, or are partially vaccinated against seven vaccine-preventable diseases which include diphtheria, whooping cough, tetanus, polio, tuberculosis, measles and hepatitis B, Mission Indradhanush was launched in December 2014.

Economic Survey MCQ Series- Question 12

Question:

Mission Indradhanush was launched in Dec 2014 to target all those children by 2020 who are either unvaccinated or are partially vaccinated against 7 vaccine preventable diseases. Which of the following is not one of these 7 diseases?

1. Polio
2. Hepatitis B
3. Pertussis
4. Malaria

 

The correct answer for yesterday’s question is 3 i.e. Both 1 and 2

A notable aspect of the employment situation in India is the large share of informal employment and growth in informal employment in the organized sector. The share of informal employment in the organized sector increased from 48 per cent to 54.6 per cent in 2004-5 to 2011-12. Its share in total employment remained above 90 per cent throughout this period.

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Economic Survey MCQ Series- Question 11

Question:

Consider the following statements regarding the employment situation in India.

1) The maximum share of employment is in the unorganised informal sector

2) Over the past few years, India has witnessed growth in informal employment in the organized sector.

Which of the above statements are correct?

1. 1 only
2. 2 only
3. Both 1 and 2
4. Neither 1 or 2

 

The correct answer for yesterday’s question is 1 i.e. Twin Balance Sheet Syndrome means the impaired financial positions of the PSBs, which are burdened with high non-performing assets (NPA) and the financial stress of the corporate houses because of  slowdown in demand. These two phenomenon reinforce each other.

Economic Survey MCQ Series- Question 10

Question:

According to the Economic Survey 2015-16, India is facing a “Twin Balance Sheet Problem”. It basically means

1. the impaired financial positions of the PSBs, which are burdened with high non-performing assets (NPA) and the financial stress of the corporate houses because of  slowdown in demand.
2. the stress on the asset side as well as the liability side for the Public Sector Banks as well as the corporates
3. the fall in credit growth of Public Sector Banks on the one hand coupled with slowdown in private investment in the economy
4. the rise in the quantum of bad loans for the Public Sector Banks coupled with the weak fiscal situation of the Central government as well as State governments

 

The correct answer for yesterday’s question is 3. The explanation is as follows:

India’s export shares has declined for Europe and America while it has gone up for Asia ad Africa

Economic Survey MCQ Series- Question 9

 

Question:

Region wise, India’s export shares to which of the following region has declined in the 10 year period from 2004 to 2014?

1. Asia.
2. America.
3. Europe.
4. Africa

Select the correct answer using the codes given below.

1. 1 and 2 only
2. 1 and 3 only
3. 2 and 3 only
4. 1 and 4 only

The answer to yesterday’s question is 4 i.e. All the statements are correct. Kindly refer the blog entry on Pradhan Mantri Jan Dhan Yojana for the complete information regarding the scheme!

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Economic Survey MCQ Series- Question 8

Question:

The Pradhan Mantri Jan Dhan Yojana (PMJDY) will provide

1. option to open zero balance bank account
2. financial literacy.
3. access to insurance.

Select the correct answer using the codes given below.

1. 1 only
2. 1 and 2 only
3. 1 and 3 only
4. 1, 2 and 3

 

The answer to yesterday’s question is C i.e. 2 and 3 only.

The explanation is as follows:

As per the Human Development Report (HDR) 2015, India ranks 130 out of 188 countries. In comparison with BRICS nations, India has the lowest rank with Russia at 50, Brazil at 75, China at 90 and South Africa at 116. India’s HDI of 0.609 (in 2014) is also below the average of countries in the medium human development group (0.630) but marginally higher than the HDI average of South Asian countries (0.607). As compared to other BRICS nations, India reports the least mean years of schooling, and its Life Expectancy at Birth (LEB) is lower than that of Brazil, China and Russia, but higher than that of South Africa.

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Economic Survey 2015-16 MCQ series- Question 7

Question:

India has been ranked at 130th position among 188 countries in the Human Development Report (HDR) 2015 released by UNDP. Consider the following statements.

1) India’s HDI score of 0.609 lies in the category of low human development

2) India has the lowest rank among all BRICS nations

3) India also ranks below all BRICS nations in terms of the mean years of schooling.

Which of the above statements are correct?

1. 1 and 2 only
2. 3 only
3. 2 and 3 only
4. 1 and 3 only

The correct answer for yesterday’s question is D i.e. all the statements are correct

Intended Nationally Determined Contribution (INDC)

INDCs are plans by governments communicated to the UNFCCC regarding the steps they will take to address climate change domestically. As per the COP 19 decision (Warsaw 2013), all Parties were requested to prepare their INDCs and communicate them well in advance of COP 21. Accordingly, India submitted its INDC to the UNFCCC on 2 October 2015. India’s INDC is comprehensive and covers all elements, i.e. adaptation, mitigation, finance, technology and capacity building. It also covers concerns to protect the vulnerable sectors and segments of its society. The principle of equity and CBDR, historical responsibilities and India’s development imperatives and enhanced adaptation requirements have been recurring themes in the INDC document.

Important points in India’s INDC:

To reduce the emissions intensity of its GDP by 33 to 35 per cent of the 2005 level by 2030. To achieve about 40 per cent cumulative electric power installed capacity from non-fossil fuel- based energy resources by 2030 with the help of transfer of technology and low cost international finance including from the Green Climate Fund (GCF). To create an additional carbon sink of 2.5 to 3 billion tonnes of CO2 equivalent (CO2eq.) through additional forest and tree cover by 2030.

Economic Survey MCQ Series- Question 6

Question:

India has submitted its Intended Nationally Determined Contributions (INDCs) to the UNFCCC. Consider the following statements in this regard.

1. India has committed to reduce the emissions intensity of its GDP by 33-35% of the 2205 level by 2030
2. India has committed to achieve about 40% of cumulative electric power installed capacity from non fossil fuels by 2030
3. India has committed to create an additional carbon sink of 2.5-3 billion tonnes of CO2 equivalent by 2030
4. All of the above statements are correct

The answer for yesterday’s question is B

If historical CO2 emissions from 1970 to 2014 are considered, India with 39.0 Gt is way behind the top three emitters – the USA, the EU and China. For example, the USA’s emissions were around six times India’s.