100MCQs Budget&Eco survey-SunyaIAS-F

ECONOMIC SURVEY
& BUDGET 2023

(QUESTION PAPER)
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PRE’23-ECONOMIC SURVEY AND BUDGET

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TEST BOOKLET
ECONOMIC SURVEY & BUDGET 2023
QUESTION PAPER
A
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PRE’23-ECONOMIC SURVEY & BUDGET

1. Consider the following statements: 3. Consider the following:
1. Exports of a country will become 1. Hardening of bond yields
more competitive with an 2. Curbing of inflation
appreciation of that country’s 3. Appreciation of the domestic currency
currency. Which of the given above is/are the
2. In India, the Rupee-Dollar exchange possible outcomes from the contractionary
rate is fixed by the RBI. monetary policy being adopted by the
3. India is the fifth-largest economy in
central bank?
terms of market exchange rates.
(a) 2 only
Which of the given above statements is/are
(b) 3 only
correct?
(c) 1 and 2 only
(a) 1 only
(d) 1, 2 and 3
(b) 1 and 2 only
(c) 3 only
(d) 2 and 3 only 4. With respect to the Pharmaceutical sector
in India, consider the following statements:
2. Consider the following statements about 1. India is the largest producer of
the capital market: Pharma products in terms of volume.
1. The financial year 2022-23 witnessed 2. The pharmaceuticals industry in India
the largest Initial Public Offering is the biggest supplier of generic
(IPO) ever in the history of India. medicines in the world.
2. IPO is an instrument to raise money in 3. India is the 2nd largest producer of
the secondary market.
vaccines in the world after China.
3. A company has to file its Draft Red
4. India’s Pharma exports have seen a
Herring Prospectus (DRHP) for
positive growth despite the impact of
approval of its IPO with the Reserve
the Pandemic.
Bank of India (RBI).
Which of the statements given above are
Which of the above statements is/are
correct? incorrect?
(a) 1 only (a) 1 and 2 only

(b) 2 and 3 only (b) 2, 3 and 4 only
(c) 2 only (c) 2 and 3 only
(d) 1, 2 and 3 (d) 1, 2 and 3 only
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5. Which of the following items come under 7. Which of the following statements is true
the component of ‘Effective Capital regarding the ‘Business Reform Action Plan
Expenditure’ for the central government? (BRAP)’ ranking system?
1. Grants to state for creation of capital (a) It ranks Indian states and union territories
assets. based on their performance in ease of
2. Purchase of Russian made S-400 doing business.
surface to air missile systems. (b) It only takes into account the number of
3. Auction of 5G spectrum. compliances reduced by a state or union
Select the correct answer from the codes territory.
given below: (c) It is a global ranking system that assesses
(a) 1 only the business environment in different
(b) 1 and 2 only countries.
(c) 2 and 3 only (d) It evaluates the financial health of
(d) None of the above businesses in different states and union
territories.
6. Consider the following statements
regarding The Leadership Group for 8. Consider the following statements about the
Industry Transition (LeadIT): Foreign Direct Investment (FDI):
1. The Indian Government has allowed
1. LeadIT is a coalition of countries and
100% foreign participation in
companies dedicated to achieving the telecommunication services and
goals of the Montreal Protocol on infrastructure providers.
Ozone depletion. 2. The FDI ceiling in insurance companies
has been raised from 49% to 100% to
2. It was launched by the US
promote foreign investment in the
government at the UN Climate Action insurance sector.
Summit. 3. The launch of the National Single-
3. Members of LeadIT share a Window system has been instrumental in
facilitating investment in various
commitment to achieving net-zero
industries in India.
carbon emissions in energy-intensive 4. The Indian Government has undertaken
industries. measures to enhance the FDI ceiling
Which of the statement(s) given above through the automatic route to attract
more foreign investment.
is/are correct?
(a) 1 only correct?
(b) 3 only (a) 1, 2 and 3 only
(c) 1 and 2 only (b) 2, 3 and 4 only
(c) 1, 3 and 4 only
(d) 2 and 3 only
(d) 1, 2, 3 and 4

9. Which of the following statements are 11. Which of the following statements is correct
correct? about Long-Term Low Emissions
Development Strategy (LT-LEDS)?
1. A country which has a higher export
(a) It aims at completely replacing diesel
and import value as a proportion of its
based vehicles with Electric Vehicles.
GDP is considered an open economy. (b) LT-LEDS is a framework that aims to
2. An economy that is highly open is more limit growth of the automobile industry
vulnerable to external shocks to reduce greenhouse gas emissions.
(c) It helps India to strategize for achieving
3. India’s trade-GDP ratio has surpassed
its goal of net zero carbon emissions by
the world’s average in the last 2 years.
2070.
Select the correct answer from the codes (d) It is a strategy that doesn't entail any costs
given below: for the transition to low carbon
(a) 1 and 2 only development pathway.
(b) 2 and 3 only
12. Consider the following statement regarding the
(c) 1 and 3 only
Plastic Waste Management (Second
(d) 1, 2 and 3 Amendment) Rules, 2022
1. The amendment brings the rules in line
10. Consider the following statements with with the Extended Producer
respect to STARS Project: Responsibility Guidelines for plastic
packaging.
1. STARS is a central sector scheme
2. Biodegradable plastics must comply with
aimed at enhancing the quality of BIS Standards mandatorily under the
school education in the selected states. new amendment.
2. The STARS Project is being executed 3. The amendment provides a legal
in six states across India with funding framework for the use of biodegradable
plastics.
from the World Bank.
4. The polluter pays principle will be
3. Maharashtra is one of the states where
enforced through the imposition of
STARS is being executed. environmental compensation on those
Which of the statements given above are who do not comply with the rules.
correct? Which of the statement (s) given above is/are
correct?
(a) 1 and 2 only
(a) 1 and 2 only
(b) 2 and 3 only
(b) 2 only
(c) 1 and 3 only (c) 1, 2 and 4 only
(d) 1, 2 and 3 (d) 1, 2, 3 and 4 only


13. With respect to the Debt profile in India, 15. Consider the following statements about
consider the following statements: Account Aggregator (AA):
1. Most of the government debt is 1. Account Aggregators are NBFCs that
specialize in retrieving financial
denominated in domestic currency.
information on behalf of customers.
2. Dated Securities issued at market-
2. Customer consent is optional for
related rates form the largest
Account Aggregator for retrieval of
component of internal debt.
financial information.
3. Borrowings from National Small 3. Registering with Account Aggregator
Saving Fund form the largest is mandatory for consumers.
component of total government debt. Which of the statement(s) given above
Which of the above statements is/are is/are correct?
correct? (a) 1 only
(a) 1 only (b) 1 and 2 only

(c) 2 and 3 only
(b) 2 and 3 only
(d) 1, 2 and 3
(c) 1 and 2 only
(d) 1, 2 and 3
16. Consider the following statements about
Multidimensional Poverty Index (MPI):
14. Recently, Union Budget (2023-24) 1. It is released by the World Bank to
announced the setting up of a National assess poverty across over 100
Financial Information Registry for which of developing countries.
the following objectives? 2. MPI assesses poverty across three
(a) To recommend accounting and auditing dimensions including Education.

3. The MPI's range is from 0 to 1, with
standards to be adopted by companies.
higher values indicating more severe
(b) For inter-connecting the ATMs in the
poverty.
country and facilitating convenience
banking.
correct?
(c) Promotion of transparency in core (a) 1 and 2 only
banking operations. (b) 2 and 3 only
(d) Expedite loan sanctions and credit (c) 1 and 3 only
flows to potential borrowers. (d) 1, 2 and 3


17. Consider the following statements about 19. Which of the following actions of the
‘Pradhan Mantri – Jan Arogya Yojana Government have resulted in higher tax
(PMJAY)’: buoyancy in 2022-23?
1. The scheme offers a health cover of 10 1. Digitalisation of economic
lakh per family per year for secondary transactions
and tertiary care hospitalisation.
2. Faceless Assessment and Appeal
2. The Scheme envisages over 50 crore
Scheme
beneficiaries provided with medical
3. Reforms in the GST implementation.
aid.
4. New tax exemptions in various
3. The beneficiaries are selected based
on deprivation and occupational sectors
criteria of the Socio-Economic Caste Select the correct answer from the codes
Census 2011. given below:
Which of the above statements is/are (a) 1 and 4 only
correct? (b) 1, 2, 3 and 4
(a) 1 and 2 only (c) 1, 2 and 3 only
(b) 2 and 3 only (d) 2, 3 and 4 only
(c) 1 and 3 only
(d) 1, 2 and 3
20. Consider the following statements with
respect to Critical Minerals:
18. With reference to the Municipal bonds,
1. Cobalt is a critical mineral for clean
consider the following statements:
energy technologies.
1. It is a non-debt based instrument issued
by municipal corporations to cover up 2. Electric vehicles and batteries rely
their liabilities. heavily on critical minerals such as
2. The interest generated on municipal cobalt, copper, lithium, nickel, and
bonds are exempted from taxation REEs.
policies. 3. Solar photovoltaic (PV) plants, wind
3. It is necessary for the issuer to obtain a farms, and electric vehicles require
credit rating from SEBI registered less minerals than fossil fuel-based
credit rating agency. counterparts.
Which of the statements given above is/are Which of the statement(s) given above
correct?
is/are correct?
(a) 1 and 2 only
(a) 1 only
(b) 2 only
(b) 1 and 2 only
(c) 2 and 3 only
(c) 2 and 3 only
(d) 3 only
(d) 1, 2 and 3

21. With respect to ‘Project Cheetah’, consider 23. Which of the following is a key feature of
the following statements: the National Curriculum Framework
1. Project Cheetah is the first-ever (NCF) for Foundational Stage?
intercontinental wild carnivore (a) The major drawback is not having
translocation project. focus on pre-primary level education
2. Cheetahs have been introduced to the of children.
Kuno National Park in Madhya (b) It focuses primarily on theoretical
Pradesh.
learning rather than play-based
Which of the statement(s) given above
learning.
is/are correct?
(c) It does not consider the role of parents
(a) 1 only
and communities in enabling child
(b) 2 only
development.
(c) Both 1 and 2
(d) It integrates early childhood care and
(d) Neither 1 nor 2
education for children aged 3 to 8
22. With respect to the Economic Survey years old.
observations about FY 2022-23, consider

the following statements: 24. Consider the following statements about
1. At present, India has sufficient forex ‘Non-Financial Debt’:
reserves to finance the Current 1. Non-financial debt excludes the debt of
Account Deficit. those institutions that borrow solely to
2. India’s revenue expenditure has been re-lend the money.
continuously rising for the last five 2. Non-financial debt includes industrial
years. loans, treasury bills and credit card
3. The share of capital expenditure balances.
constitutes the majority of total 3. Most scholarships are non-debt
expenditure incurred by the financing in nature.
government.
Which of the statements given above is/are
How many statements given above is/are
correct?
correct?
(a) 1 and 2 only
(a) Only one statement
(b) 2 and 3 only
(b) Only two statements
(c) 1 and 3 only
(c) All three statements
(d) 1, 2 and 3
(d) None of the above statement


25. Consider the following statements: 27. With reference to the ‘Agriculture
1. SAMARTH Udyog Bharat 4.0 aims to Accelerator Fund’, consider the following
encourage technological solutions for statements:
Indian manufacturing units. 1. This fund will be set up to encourage
2. Ministry of Finance oversees the agri-startups by young entrepreneurs
SAMARTH initiative. in rural areas.
Which of the statement(s) given above 2. This fund will help in bringing more
is/are correct? innovation to the farming sector.
(a) 1 only Which of the statement/s given above is/are

correct?
(b) 2 only
(a) 1 only
(c) Both 1 and 2
(b) 2 only
(d) Neither 1 nor 2
(c) Both 1 and 2
(d) Neither 1 nor 2
26. With reference to Economic Survey 2022-
23, consider the following statements:
respect to Economic Survey 2022-23:
1. Due to poor capital formation and 1. India’s debt burden has increased
lower private consumption in significantly since 2008 due to the
FY2023, India's economic recovery deteriorating country’s banking
from the COVID-19 pandemic is not balance sheet and low investments in
corporate bonds.
complete.
2. World has witnessed sharp rise in
2. During the FY23, India has witnessed commodity prices due to the Russia-
a declining urban unemployment rate Ukraine conflict for the last one years.
and faster net registration in the 3. Inflation in the Emerging Market
Employee Provident Fund. Economies due to rising commodity
prices resulted higher global fiscal
expansion and monetary easing.
correct?
(a) 1 only correct?
(b) 2 only (a) 1 and 2 only
(c) Both 1 and 2 (b) 2 only
(c) 1 and 3 only
(d) Neither 1 nor 2
(d) 2 and 3 only

29. With reference to ‘National Digital Library 31. Harmonised Master List of Infrastructure is
of India’, consider the following notified by the Ministry of Finance which
statements:
1. NDL is a single window platform that consists of various sectors. In this context,
collects metadata from Indian premier which of the following benefits are
learning institutions only.
available to these sectors?
2. NDL’s objective is to make digital
educational resources available to all 1. Access to concessional funding.
citizens. 2. Promotion of projects.
3. Ministry of Electronics and
3. Various tax breaks and holidays.
Information Technology has initiated
NDL to develop virtual repository of 4, Eligible for financial assistance from
resources. dedicated lenders such as IIFCL.
Select the correct answer using the code
correct?
(a) 1 only given below:
(b) 2 only (a) 1, 2 and 4 only
(c) 1 and 3 only
(b) 2 and 3 only
(d) 1, 2 and 3
(c) 1 and 4 only
30. With reference to the ‘Bharat shared (d) 1, 2, 3 and 4
repository inscriptions (Bharat SHRI)
scheme’, consider the following
statements: 32. Consider the following items:
1. It seeks to digitise over 1 crore 1. Kerosene oil sold under PDS
Ancient Indian inscriptions over the
next year. 2. Currency
2. Bharat SHRI will be set up by the 3. Roasted Coffee beans
Archaeological Survey of India.
4. Live animals
3. This repository will be set up in the
epigraphy museum to be established Which of the above items is/are exempted
at Nalanda in Bihar from the E-way bill?
Which of the statement/s given above is/are
(a) 1 only
incorrect?
(a) 1 only (b) 2 and 3 only
(b) 2 only (c) 1, 2 and 4 only
(c) 1 and 3 only
(d) 1, 2, 3 and 4
(d) 1, 2 and 3


33. With reference to the PM Promotion of 35. Consider the following statement with
Alternate Nutrients for Agriculture reference to ‘Raising and Accelerating
Management Yojana (PM-PRANAM), MSME Performance (RAMP)’ scheme:
consider the following statements:
1. One of the objectives of the Scheme is
1. The scheme aims to bring down the
subsidy burden on chemical to provide MSMEs with better access
fertilisers. to credit.
2. Integrated Fertilisers Management 2. The Asian Development Bank is
System platform is used to track the supporting the RAMP scheme, and its
use of fertilisers and harmful
implementation over the next five
pesticides.
3. It aims to incentivise states in years.
promoting the use of alternative Which of the statement(s) given above
fertilisers. is/are correct?
Which of the statement/s given above is/are (a) 1 only
correct?
(b) 2 only
(a) 1 and 2 only
(c) Both 1 and 2
(b) 1 and 3 only
(c) 2 and 3 only (d) Neither 1 nor 2
(d) 1, 2 and 3
34. With reference to the Budget estimates for
respect to Union Budget 2023-24:
the fiscal year 2023-24, consider the
1. Capital Expenditure neither creates
following statements:
1. Interest payments form the largest assets nor causes any reduction in
component of government liability.
expenditure. 2. The expenditure incurred on
2. Central sector schemes have higher education is capital expenditure.
fund allocation than centrally
3. Effective Capital expenditure have
sponsored schemes.
3. It estimated fertiliser subsidy higher increased consistently in the last 5
than food subsidy due to rising years.
commodity prices in the wake of Which of the statement/s given above is/are
Russia-Ukraine crisis. correct?
Which of the statement/s given above is/are
(a) 1 only
correct?
(b) 3 only
(a) 1 only
(b) 3 only (c) 1 and 2 only
(c) 1 and 2 only (d) 2 and 3 only
(d) 1, 2 and 3

37. Consider the following statements about 39. With reference to “Digi Locker”, consider
the ‘Human Development Index (HDI)’: the following statements:
1. The UNDP report suggests that
1. Digi-locker is the government’s
human development has stalled
worldwide for the first time in 3 official online digital document
decades. storage facility.
2. India’s HDI value has seen 2. This can store a Uniform Resource
improvement in the last 4 years.
Identifier (URI) link of e-documents.
3. India's HDI value remains higher than
South Asia's average human 3. Budget 2023-24 has introduced
development. “Entity Digi Locker” solely for the
Which of the statement(s) given above
use of MSME’s
is/are correct?
(a) 1 and 2 only Which of the statement/s given above is/are
(b) 2 and 3 only correct?
(c) 1 and 3 only (a) 1 only
(d) 1, 2 and 3
(b) 3 only
38. According to Union Budget 2023-24, (c) 1 and 2 only

consider the various socio-economic (d) 1, 2 and 3
welfare measures:
1. The conversion of physical gold to
40. Consider the following:
electronic gold receipt and vice versa
will attract any capital gains. 1. Financial Sector
2. The payment received by the 2. Productive aging
Agniveers from the Agniveer corpus
3. Infrastructure and Investment
fund is exempted from taxes.
3. Increasing threshold limit for co- 4. Unleashing the Potential
operatives to withdraw cash up to 5. Youth Power
three crores in a year without being Which of the given above have been
subjected to TDS.
selected as ‘Saptarishi’ priorities as per
correct? Budget 2023-24?
(a) 1 only (a) 1, 2 and 3 only
(c) 1 and 3 only
(c) 2, 4and 5 only
(d) 1, 2 and 3
(d) 1, 3, 4 and 5 only


41. With reference to Indian Economy, 43. Consider the following statements:
consider the following statements: 1. The term ‘budget’ has been mentioned in
Article 112 of the Indian Constitution.
1. Interest payments as a proportion of
2. The budget shows both the expenditure
receipts went up after the COVID-19
charged on the Consolidated Fund of
pandemic outbreak due to lower India and the expenditure made from the
resource requirements and higher Consolidated Fund of India.
revenue collections. 3. The expenditure charged on the
2. According to Economic Survey 2022- Consolidated Fund of India is non-
23, the total transfer of funds to the votable by the Parliament.
4. The expenditure made from the
States have declined between FY19
Consolidated Fund of India has to be
and FY23 due to the COVID-19
voted by the Parliament.
pandemic outbreak. Which of the above statements is/are correct?
3. At present, India’s sovereign external (a) 1 and 2 only
debt is entirely from official sources, (b) 2 and 3 only
which insulates the Indian economy (c) 1, 2 and 4 only
from volatility in the international (d) 2, 3 and 4 only
capital markets.
44. Consider the following statements with respect
to ‘Ultra-Accommodative Monetary Policy’
correct? adopted in various countries across the world
(a) 1 and 2 only after Covid-pandemic:
(b) 2 only 1. This policy is implemented to allow the
(c) 1 and 3 only money supply to rise in line with national
income and the demand for money.
(d) 3 only
2. Increasing the Reverse Repo is a
component of accommodative monetary
42. PM-VIKAS scheme aims to achieve which
policy.
of the following objectives? 3. Counter-Cyclical Policy adopted by the
(a) Empower traditional artisans and central bank during a recession can be
craftspeople. termed as an accommodative monetary
(b) Promote self-help groups by policy.
mobilizing rural women.
correct?
(c) Help Start-ups to enable them to grow
(a) 1 and 2 only
into ‘Unicorns’. (b) 2 and 3 only
(d) Create jobs through adoption of green (c) 1 and 3 only
growth. (d) 1, 2 and 3


45. Consider the following statements about 47. Which of the following statements correctly
Economic Survey: describes about the ‘Provisioning Coverage
1. The first-ever Economic Survey in
Ratio’ in the banking industry?
India was presented in 1955-56.
2. Economic Survey used to be (a) It measures the percentage of a bank's
presented alongside the Union Budget loan portfolio that is classified as non-
until 1964, after which it was delinked
performing.
from the Budget.
3. Each year, Ministry of Statistics (b) It measures the degree to which a bank's
releases the Economic Survey of loan loss reserves align with its
India, a document that provides a expected credit losses.
comprehensive review of the Indian
economy. (c) It measures the ratio of a bank's loan
4. Prepared by the Economics Division loss provisions to its gross loans.
of the Department of Economic (d) It measures the extent to which a bank's
Affairs, the Economic Survey of India
actual loan losses deviate from its
offers insights into the country's
economic performance over the expected loan losses.
previous year.
48. Consider the following statements:
correct?
(a) 1 and 2 only 1. Sickle cell disease is a blood disorder
(b) 2 and 3 only which affects the production of
(c) 2 and 4 only haemoglobin in the human body.
(d) 3 and 4 only
2. The Indian government has
46. With reference to Union budget 2023-24, announced a mission to eliminate
consider the following statements: sickle cell anaemia by 2030.
1. Atmanirbhar Clean Plant Program to
3. It a genetic disease for which a blood
be launched to boost the presence of
Sewage treatment plants in all Tier II and bone marrow transplant is
and III cities. currently the only cure for some
2. Cluster-based and value chain patients who have sickle cell disease.
approach through Public Private
Partnerships (PPP) will be adopted to Which of the above statements is/are
boost the productivity of cotton crop. correct?
Which of the above statements is/are (a) 1 and 2 only
correct?
(b) 1 and 3 only
(a) 1 only
(b) 2 only (c) 2 and 3 only
(c) Both 1 and 2 (d) 1, 2 and 3 only
(d) Neither 1 nor 2

49. Consider the following statements with 51. With reference to Fiscal Management,
respect to ‘Housing Price Index (HPI)’: consider the following statements:
1. It is published annually by the 1. Centre has extended 50-year interest
National Housing Bank. free loan to states for capital
2. It is calculated with the financial year expenditure.
2010-11 as the base year. 2. Expenditure out of this loan is at the

complete discretion of states.
3. It measures the price change of
3. States will be allowed a fiscal deficit
residential buildings in various cities
of 3.5 per cent of Gross State
across India.
Domestic Product (GSDP).
correct?
correct?
(a) 2 and 3 only
(a) 1 and 2 only
(b) 2 only
(b) 1 and 3 only
(c) 1 and 3 only (c) 2 and 3 only
(d) 1, 2 and 3 (d) 1, 2 and 3 only
50. Consider the following statements about 52. With reference to Green growth, consider
Urban Infrastructure Development Fund the following statements:
(UIDF) as announced in Budget 2023-24: 1. Mishti scheme is to preserve wetlands
1. The government will set up an Urban and to encourage their optimal use.
Infrastructure Development Fund to 2. Amrit Dharohar is an initiative for
create urban infrastructure. mangrove plantation along the
2. This fund will be managed by coastline.

3. Waste to wealth plants will be
NABARD.
established under GOBAR-DHAN
3. The fund will be used by public
for promoting circular economy.
agencies in Tier-2 and Tier-3 cities.
correct?
correct?
(a) 1 only
(a) 1 only
(b) 3 only
(b) 3 only
(c) 1 and 2 only
(c) 1 and 2 only (d) 1 and 3 only
(d) 1 and 3 only

53. Consider the following major items of 55. Consider the following statements:
revenue expenditure: 1. India has administered Covid-19
1. Salaries (pay & allowances) vaccine doses more than its
2. Pensions population size.
3. Interest payment 2. Electronic Vaccine Intelligence
4. Defence Services Network (eVIN) is an indigenously
5. Major Subsidies developed technology to strengthen
As part of Revenue Expenditure in FY22, vaccine supply chain systems across
arrange them in decreasing order: the country.
(a) 1-2-4-3-5
3. Co-WIN has been developed as an
(b) 3-5-1-4-2
extension of the eVIN platform.
(c) 3-1-5-4-2
(d) 5-4-3-1-2
correct?
(a) 1 and 2 only
(b) 2 and 3 only
respect to the Demand for Grants of Budget
(c) 1 and 3 only
2023-24:
(d) 1, 2 and 3
1. There are total 102 Demands
presented by the central government.
56. Which among the following are the current
2. Only one demand can be presented by
challenges faced by the Indian Economy ?
each ministry.
1. Appreciation of Rupee
3. Each Demand for Grants
2. US Fed interest rate hikes
distinguishes the expenditure into
capital and revenue and consists of 3. Current account surplus
both charged and voted expenditure. 4. Higher global commodity prices
Which of the above statements is/are Select the correct answer using the codes
correct? given below:
(a) 1, 2 and 3 (a) 1 and 3 only

(b) 3 only (b) 2 and 4 only
(d) 1 and 3 only (d) 1, 2, 3 and 4


57. Which of the following were India’s 59. Economic survey 2022-23 observed
declarations/commitments to India’s monetary tightening in the US economy. In
COP26? this context, consider the following:
1. Target of Net-zero carbon emissions by 1. Outflow of equity capital
2070. 2. Widening current account deficit
2. India’s non-fossil energy capacity will 3. Depreciation of Rupee
reach 750 GW by 2030. 4. Decline in inflation
3. India will reduce the carbon intensity of Which of the above can be the possible
its economy to less than 35% over 2005 consequences on Indian economy?
levels.
(a) 1, 2 and 3 only
4. India will reduce its projected carbon
(b) 2, 3 and 4 only
emissions by a billion tones by 2030.
(c) 1 and 4 only
Select the correct answer using the codes
(d) 1, 2, 3 and 4
given below:
(a) 1 and 4 only
(b) 2, 3 and 4 only
Pent-up demand:
(c) 1, 3 and 4 only
1. Pent-up demand is a situation when
(d) 1, 2 and 3 only
there is a low level of demand in the
market due to a recession.
58. Which of the following is correct regarding
2. The period following the COVID-19
the Economic survey?
crisis in 2020 provides a good
(a) India expects 6.0 to 6.8 pc GDP
example of pent-up demand.
growth in 2023-24.
(b) Indian Foreign Exchange reserves had Which of the above statements is/are
more than 9 months of import cover as correct?
if December 2022. (a) 1 only
(c) Private consumptions contributes to (b) 2 only
more than 50% of the GDP (c) Both 1 and 2
(d) All the above statements are correct (d) Neither 1 nor 2


61. Consider the following observations in the 64. Under the ‘Green Growth’ segment, of
context of the Economic survey 2022-23: Budget 2023-24, 500 new Waste to Wealth
1. 3rd largest economy in the world in
plants will be established which will
PPP terms
include 200 compressed biogas plants. In
2. 7th largest service exporter in the
world. this context, which of the following can be
3. Largest recipient of remittances the raw material for the formation of CBG?
4. Low external debt-GDP ratio 1. Agricultural residue
Which of the above is/are true concerning 2. Cattle dung
the Indian economy?
3. Sugarcane press mud
(a) 1, 2 and 3 only
(b) 2, 3 and 4 only 4. Municipal solid waste
(c) 1, 2 and 4 only Select the correct answer using the codes
(d) 1, 2, 3 and 4 given below:
(a) 1 and 3 only
62. Which of the following is correct about
(b) 2 and 4 only
“Shree Anna”, recently seen in news?
(c) 1 and 3 only
(a) New hybrid rice variety
(b) New name given to millets (d) 1, 2, 3 and 4
(c) New cryptocurrency
(d) Bonds released by RBI 65. Consider the following statements with
respect to Green Credit Programme:
63. Consider the following observations in the
1. It will be notified under Compensatory
context of the Economic survey 2022-23:
1. Direct Tax collections for the period afforestation fund act to incentive
April-November 2022 remain companies to undertake afforestation
buoyant. activities.
2. The Gross Non-Performing Assets 2. It aims to boost environmentally
(GNPA) ratio of SCBs has fallen.
sustainable actions by companies as
3. Decline in the urban unemployment
rate. well as individuals.
4. Decline in private capex. Which of the statements given above is/are
Which of the above is/are true concerning correct?
the Indian economy? (a) 1 only
(a) 1, 2 and 3 only
(b) 2 only
(b) 2, 3 and 4 only
(c) Both 1 and 2
(c) 1, 2 and 4 only
(d) 1, 2, 3 and 4 (d) Neither 1 nor 2


66. Consider the following statements with 68. In the context of Budget 2023-24, which of
respect to GST: the following statement is not true?
1. Gross GST collections by State and (a) Targeted Fiscal Deficit is expected to
central government has seen a be below 4.5% by 2025-26.
decrease by 15 per cent compared to (b) The maximum deposit limit for Senior
last year (2021-22). Citizen Savings Scheme is to be
2. Inverted duty structure has been in enhanced to Rs 15 lakh.
introduced to improve GST (c) Revamped credit guarantee scheme
collections. for MSMEs with a lower cost of

credit.
Which of the statements given above are/is
(d) Capital outlay for the Railways is the
correct?
highest ever outlay for the same.
(a) 1 only
(b) 2 only
69. GOBAR (Galvanizing Organic Bio-Agro
(c) Both 1 and 2
Resources) - DHAN scheme has been
(d) Neither 1 nor 2
instrumental in fulfilling the goal of
Swachh Bharat. Consider the following
statements in this context:
Udyam Sakhi Portal:
1. 500 new ‘waste to wealth’ plants have
1. It is a network that fosters social
been announced in 2023-24.
entrepreneurship by developing
2. 15 percent compressed biogas
business models based on low-cost
mandate to be introduced for all
goods and services to address social organisations marketing natural and
inequities. biogas.
2. The programme is specifically meant 3. It will be helpful in promoting a
for women entrepreneurs. circular economy.
Which of the statements given above is/are Which of the above statements is/are not
correct? correct?
(a) 1 only (a) 1 and 2 only
(b) 2 only (b) 2 and 3 only
(c) Both 1 and 2 (c) 2 only
(d) Neither 1 nor 2 (d) All of the above


70. MISHTI initiative was launched in the 72. Consider the following statements with
budget 2023-24. It is related to which of the respect to the ‘Baltic Dry Index’:
following purposes? 1. The Baltic Dry Index is reported daily
(a) Encourage optimal use of wetlands by the Baltic Exchange in London.
(b) Sector-specific skilling and 2. The index provides a benchmark for
entrepreneurship development the price of moving manufactured
(c) Mangrove plantations along the goods by sea.
coastline and on salt pan lands Which of the statements given above is/are
(d) Renewable energy grid integration correct?

(a) 1 only
(b) 2 only
71. Consider the following statements in the
(c) Both 1 and 2
context of announcements made in Budget
(d) Neither 1 nor 2
2023-24:
1. Rebate limit of Personal Income Tax
73. With reference to the Purchasing
is to be increased to Rs. 7 lakhs.
Manager’s Index (PMI), consider the
2. Highest surcharge rate is to be
following statements:
reduced from 37 percent to 25 percent
1. It is a survey-based measure that asks
in the new tax regime.
the respondents about changes in their
3. Agniveer Fund to be provided EEE
perception about key business
status.
variables.
4. Proposal to extend the benefit of a
2. It is compiled by IHS Markit.
standard deduction of Rs. 50,000 to
3. PMI value of more than 50 indicates
salaried individuals.
an expansion in the economic activity.
Which of the statements given above are Which of the statements given above are
correct? correct?
(a) 1, 2 and 3 only (a) 1 and 2 only
(b) 2, 3 and 4 only (b) 2 and 3 only
(c) 1, 2 and 4 only (c) 1 and 3 only
(d) 1, 2, 3 and 4 (d) 1, 2 and 3


74. Which of the following factors can influence 76. Budget 2023-24 has discussed the Vibrant
the magnitude and direction of tax buoyancy Villages Programme. It is related to which
in a given economy? of the following purposes?
1. Level of government spending.
(a) Tourism infrastructure and amenities
2. Composition of the tax base.
to be facilitated in border villages.
3. Level of government debt.
(b) Development of GI products and
Select the correct answer from the codes
given below: handicrafts.
(a) 1 and 2 only (c) Sustainable micro-irrigation and
(b) 2 and 3 only filling up of surface tanks.

(c) 1 and 3 only (d) None of the above
(d) 1, 2 and 3
77. Which of the following best describes pent-

up demand?
the newly launched ‘Mahila Samman
(a) The demand for a product or service
Savings Certificate’:
1. It will be a one-time new small that has been artificially suppressed
savings scheme. by the government.
2. It will offer a deposit facility of up to (b) The demand for a product or service
Rs 5 lakh in the name of women or that is currently available but not in
girls. high demand.
3. The tenure is 5 years just like the
(c) The demand for a product or service
National Savings Certificate.
that has been postponed or delayed
due to external factors, such as a
correct?
(a) 1 and 2 only pandemic or economic recession.
(b) 2 and 3 only (d) The demand for a product or service
(c) 1 only that is consistently high and

(d) 1, 2 and 3 unaffected by external factors.


78. Consider the following statements about 80. Consider the following statements about
‘Capital Risk-Weighted Adjusted Ratio ‘National Infrastructure Pipeline (NIP)’:
(CRAR)’: 1. The plan of investment under the NIP
1. A high CRAR implies high risk of is over 100 lakh crores between 2019-
bank’s insolvency and risk over 2024.
depositor’s money. 2. Investments in the energy sector
2. RBI has mandated all categories of forms around one-fourth of the total
banks to maintain minimum CRAR of investments under NIP.
9%. 3. NIP only constitutes for the economic

projects as of now.
correct?
correct?
(a) 1 only
(a) 1 and 2 only
(b) 2 only
(b) 2 and 3 only
(c) Both 1 and 2
(c) 1 and 3 only
(d) Neither 1 nor 2
(d) 1, 2 and 3
79. Consider the following assertion and

reasoning:
‘Agriculture Infrastructure Fund’:
Assertion: MNCs and Big tech shift their
1. The scheme shall provide a medium -
profits to tax havens.
long term debt financing facility for
Reason: Due to open trade, it has become investment in viable projects for
easier to develop global supply chains by the irrigation infrastructure and market
companies. creation.
Select the correct answer from the codes 2. All loans under this financing facility
given below: will have interest subvention of 3%
(a) Assertion is correct and Reason is the per annum up to a limit of Rs. 2 crore.
correct explanation for the assertion. Which of the statements given above is/ are
(b) Assertion and reason are both correct, correct?
but Reason is NOT the correct (a) 1 only
explanation (b) 2 only
(c) Assertion is correct, Reason is incorrect (c) Both 1 and 2
(d) Both Assertion and reason are incorrect (d) Neither 1 nor 2


82. Which of the following is/are the examples 84. With reference to the ‘National Green
of the Capital Expenditure? Hydrogen Mission’, which of the following
1. Acquisition of land for building a statements are correct?
factory. 1. Green Hydrogen is produced through
2. Purchase of office supplies such as the electrolysis of water using
stationary, printer cartridges, etc. renewable energy.
3. Investment in a new building for 2. The objective is to develop a green
business operations. hydrogen production capacity of at
4. Paying for rent of office space. least 5 MMT per annum by 2030.
3. The nodal ministry for the mission is
given below:
the Ministry of Power.
(a) 1 and 2 only
(b) 1 and 3 only
given below:
(c) 2 and 4 only
(a) 1 and 2 only
(d) 3 and 4 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Environmental, Social and Governance
Investing (ESG Investing):
85. Which one of the following contributes
1. ESG Investing Fund is regulated
towards improving the Ease of Doing
together by SEBI and RBI.
Business and Ease of Living?
2. ESG Investments is a type of mutual
fund. 1. Creating Public Goods.
3. One of the biggest worries among 2. Trust-based Governance.
global institutional investors in ESG 3. Agricultural Productivity.
is greenwashing. 4. Private Sector Participation.

Which of the statements given above is/ are Select the correct answer from the codes
correct? given below:
(a) 1 and 2 only (a) 1 and 2 only
(d) 1, 2 and 3 (d) 1, 2, 3 and 4


86. Consider the following statements about 88. Which of the following is the most
certain type of goods: appropriate example of a supply-side
1. These kind of goods are considered to economic shock?
be harmful to the society.
(a) An increase in consumer demand for
2. Some examples of these goods are -
a specific product.
Alcohols, Tobacco, Gambling etc.
(a) A natural disaster that destroys crops
3. In the 2023 budget, the tax over some
and causes food shortages.
of these products were increased.
(b) A sudden increase in oil prices that
Which of the following type of goods is
drives up the cost of production.
best explained in the given above
statements? (c) A change in government regulations
(a) Giffen Goods that increases taxes on businesses.
(b) Sin Goods

(c) Club Goods 89. Which of the following fall(s) under the
(d) Producer Goods ‘Social Services Expenditure’ as per the
Budget documents?
87. Arrange the following components in the
1. Expenditure on Health and Education
decreasing order of External Debt in the
2. Expenditure on Social Security and
Indian Economy:
Welfare
1. External Commercial Borrowings
3. Expenditure on Nutrition
2. NRI Deposits
4. Expenditure on Art & Culture
3. Sovereign Debt
Select the correct answer from the codes Select the correct answer from the codes
given below: given below:
(a) 1-2-3 (a) 1 only

(b) 2-3-1 (b) 1, 2 and 3 only
(c) 1-3-2 (c) 2 and 3 only
(d) 2-1-3
(d) 1, 2, 3 and 4


90. Which of the following statements most 92. Which of the following are considered
accurately describes dated securities? digital public goods?
(a) Dated securities are financial 1. Aadhar
instruments that have a fixed maturity
2. Unified Payments Interface
date in the distant future.
3. Open Network for Digital Commerce
(b) Dated securities are financial
4. Covid Vaccine Intelligence Network
instruments that have a specific
maturity date and pay interest until (CoWIN)
that date. 5. Aarogya Setu App

(c) Dated securities are financial Select the correct answer using the codes
instruments that pay a fixed interest below:
rate, regardless of market conditions. (a) 1, 2, and 3 only
(d) Dated securities are financial
(b) 2, 4 and 5 only
instruments that are traded on the
(c) 1, 2, 4 and 5 only
stock exchange and can be bought and
(d) 1, 2, 3, 4 and 5
sold at any time.
91. Which of the following revenues is/are not 93. Arrange the following in decreasing order
included under the ‘Consolidated Fund of of their share in the Union Government's
India (CFI)’? tax profile for the financial year 2023:
1. Revenues received and loans raised 1. Goods and Service Tax
by the Government
2. Customs
2. Provident Funds
3. Personal Income Tax
3. Receipts from recoveries of loans
4. Union Excise Duty
granted by the Government
Select the correct answer using the codes Select the correct answer using the code
given below: given below

(a) 1 only (a) 3-1-2-4
(b) 1 and 3 only (b) 1-3-4-2
(c) 2 only (c) 1-3-2-4
(d) None of the above
(d) 3-4-1-2

94. The US Federal Reserve has increased the 96. Which of the following Initiatives by India at
interest rate recently. In this context, what the International level is correctly matched?
Initiatives Summit
impact could it possibly have on the Indian
1. International United Nations
Economy?
Solar Alliance Climate Change
1. Depreciation of the Indian Rupee Conference COP21
2. Widening of Current Account Deficit in Paris
3. More FDI in the Indian market 2. LiFE (Lifestyle United Nations
For Environment) Climate Change
Conference COP26
below:
in Glasgow
(a) 1 and 2 only 3. Leadership Group United Nations
(b) 2 and 3 only for Industry Climate Action
(c) 1 and 3 only Transition Summit in New
(LeadIT Group) York 2019
(d) 1, 2 and 3
below:
95. Over the last few years, there have been (a) 1 only
major reforms in the Union Budget. Which (b) 3 only
of the following measures were taken in (c) 2 and 3 only
(d) 1, 2 and 3
this regard?
1. Discontinuation of Plan and Non-Plan 97. Consider the following statements with respect
classifications. to Interest Rate Growth Rate Differential
2. Merger of the Railway Budget with (IRGD):
the Main budget. 1. It is the difference between the interest

rate paid on government debt and the
3. Increasing the Extra Budgetary
nominal growth rate in an economy.
Borrowings.
2. The negative interest rate-growth rate
Select the correct answer using the codes differential indicates that the debt is
below: sustainable.
(a) 1 and 2 only Which of the statements given above is/are
correct?
(b) 2 and 3 only (a) 1 only
(c) 1 and 3 only (b) 2 only
(d) 1, 2 and 3 (c) Both 1 and 2
(d) Neither 1 nor 2

98. Consider the following statements with 100. Which of the following sectors are covered
respect to Emergency Credit Line under the ‘Production-Linked Incentive
Guarantee Scheme:
(PLI)’ Scheme?
1. The scheme was announced under the
1. Advanced chemistry cell (ACC)
Atma Nirbhar Bharat Package in
2020. battery
2. Under this scheme, a 100% guarantee 2. Electronic/technology products
is provided by the National Credit 3. Pharmaceuticals drugs
Guarantee Trustee Company 4. Food products
(NCGTC) to Member Lending
Institutions (MLIs) - banks, financial
given below:
institutions, and Non-Banking
Financial Companies (NBFCs). (a) 1 and 4 only
3. ECLGS is under the operational (b) 2 and 3 only
domain of the Ministry of Commerce. (c) 1 and 2 only
Which of the statements given above is/are (d) 1, 2, 3 and 4
correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
*****
99. With reference to the Lab Grown
Diamonds, consider the following
statements:
1. Lab Grown Diamonds are man-made
diamonds that are chemically
different from natural diamonds.
2. These diamonds are used only in the
jewellery industry.
correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2

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ECONOMIC SURVEY

& BUDGET 2023

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(a) 1 only (a) 1 and 2 only

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(a) 1 only (b) 1 and 2 only

(a) To recommend accounting and auditing dimensions including Education.

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22. With respect to the Economic Survey years old.

observations about FY 2022-23, consider

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SAMARTH initiative. in rural areas.

is/are correct? innovation to the farming sector.

(a) 1 only Which of the statement/s given above is/are

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38. According to Union Budget 2023-24, (c) 1 and 2 only

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2010-11 as the base year. 2. Expenditure out of this loan is at the

2. This fund will be managed by coastline.

PRE’23-ECONOMIC SURVEY & BUDGET

both charged and voted expenditure. 4. Higher global commodity prices

correct? given below:

(a) 1, 2 and 3 (a) 1 and 3 only

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more than 9 months of import cover as correct?

if December 2022. (a) 1 only

(c) Private consumptions contributes to (b) 2 only

more than 50% of the GDP (c) Both 1 and 2

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2. Inverted duty structure has been in enhanced to Rs 15 lakh.

introduced to improve GST (c) Revamped credit guarantee scheme

collections. for MSMEs with a lower cost of

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PRE’23-ECONOMIC SURVEY & BUDGET

(b) Sector-specific skilling and 2. The index provides a benchmark for

entrepreneurship development the price of moving manufactured

(c) Mangrove plantations along the goods by sea.