Union Budget & Economic Survey 2020 – Mock Test

Answer- 4)Union Finance Ministerof India
Explanation– The Union Budget of India is always presented by Finance Minister of India in the parliament.

Answer-4)1st April
Explanation– The budget, which is presented by means of the Finance bill and the Appropriation bill has to be passed by Lok Sabha before it can come into effect on 1 April, the start of India’s financial year.

Answer-1)Article 112
Explanation– Union Budget of India, also referred to as the Annual Financial Statement in Article 112 of the Constitution of India is the annual budget of the Republic of India.

Answer-2)3
Explanation– The Union budget 2020-2021 was presented on the basis of 3 prominent themes and dedicated to provide “Ease of Living” to all citizens.

Answer-5)Environmental concerns
Explanation– The Union budget 2020-2021 was presented on the basis of the following 3 prominent themes and dedicated to provide “Ease of Living” to all citizens. The themes are: Aspirational India, Economic development for all and Caring society.

Answer-4)Rs 4,82,401 cr
Explanation– Among the three themes of Indian Union Budget 2020-2021, Aspirational India has recieved the highest allocation of Rs 4,82,401 cr followed by Economic development for all (Rs 2,37,604 cr) and Caring society (Rs 62,626 cr).

Answer-4)10%
Explanation-The budget speech cited nominal Gross Domestic Product (GDP) growth rate of 10% (i.e., real growth plus inflation) in 2020-21, which was 12% for 2019-20.

Answer-1)Nirmala Sitharaman
Explanation-Union Finance Minister Nirmala Sitharaman presented her second and 90th Union Budget of India for 2020-2021 (2020 Ke Lie Bharata Ka Keṃdriya Bajaṭa) in Parliament.

Answer-2)3.5 per cent
Explanation– The fiscal deficit target for the coming fiscal year starting April 1, has been fixed at 3.5 per cent. A fiscal deficit is a shortfall in a government’s income compared with its spending.

Answer-4)Om Birla
Explanation-Union Finance Minister Nirmala Sitharaman presented her second and 90th Union Budget of India for 2020-2021 (2020 Ke Lie Bharata Ka Keṃdriya Bajaṭa) in Parliament with an address to the speaker of Lok Sabha Om Birla. He is the 17th Speaker of the Lok Sabha.

Answer-3)Rs 30,42,230 crore
Explanation-The government proposes to spend Rs 30,42,230 crore in 2020-21, which is 12.7% higher than the revised estimate of 2019-20.

Answer-1)2.7%
Explanation-Revenue deficit is targeted at 2.7% of GDP, which is higher than the revised estimate of 2.4% in 2019-20.

Answer-5)Pandit Dinanath Koul
Explanation-Before presenting the budget Sitharaman had recited a small verse in Kashmiri by Pandit Dinanath Koul. In English the verse means “Everything that we do, all of us do, is for this beautiful country”.

Answer-4)159 minutes
Explanation-Nirmala Sitharaman broke her own record and delivered the longest Union Budget speech by a Finance Minister of India i.e. 159 minutes long. Her first budget speech (2019-20) was 137 minutes long.

Answer-2)Nirmala Sitharaman
Explanation-Nirmala Sitharaman is the only second woman to present the budget after Indira Gandhi presented in 1970-71. But she is the first full-time woman Finance Minister to present the Union Budget. Indira Gandhi held the additional charge of Finance when she was the Prime Minister.

Answer-5)Micro-Economic Framework
Explanation-Besides the Finance Minister’s Budget Speech, these are the documents that are presented to the Parliament:
A. Annual Financial Statement (AFS)
B. Demands for Grants (DG)
C. Finance Bill
D. Statements mandated under FRBM Act:
i.Macro-Economic Framework Statement
ii.Medium-Term Fiscal Policy cum Fiscal Policy Strategy Statement
E. Expenditure Budget
F. Receipt Budget
G. Expenditure Profile
H. Budget at a Glance
I. Memorandum Explaining the Provisions in the Finance Bill
J. Output Outcome Monitoring Framework
K. Key Features of Budget 2020-21

Answer-4)Macro-Economic Framework Statement & Medium-Term Fiscal Policy cum Fiscal Policy Strategy Statement
Explanation-Besides the Finance Minister’s Budget Speech, these are the documents that are presented to the Parliament:
A. Annual Financial Statement (AFS)
B. Demands for Grants (DG)
C. Finance Bill
D. Statements mandated under FRBM Act:
i.Macro-Economic Framework Statement
ii.Medium-Term Fiscal Policy cum Fiscal Policy Strategy Statement
E. Expenditure Budget
F. Receipt Budget
G. Expenditure Profile
H. Budget at a Glance
I. Memorandum Explaining the Provisions in the Finance Bill
J. Output Outcome Monitoring Framework
K. Key Features of Budget 2020-21
The documents shown at Serial Nos. A, B, and C are mandated by Art. 112,113 and 110 (a) of the Constitution of India respectively, while the documents at Serial No. D (i) and (ii) are presented as per the provisions of the Fiscal Responsibility and Budget Management Act, 2003. Other documents at Serial Nos. E, F, G, H, I, J and K are in the nature of explanatory statements supporting the mandated documents.

Answer-2)Good Governance & Financial sector
Explanation– The Union budget 2020-2021 was presented on the basis of 3 prominent themes namely Aspirational India, Economic development for all, and Caring society. These themes are held together by overarching themes: Good Governance and Financial sector.

Answer-3)Ministry of Defence (MoD)
Explanation-Ministry of Defence (MoD) headed by Rajnath Singh has received the highest allocation worth Rs 4,71,378 crore.

Answer-1)Rs 75,000 cr
Explanation-Union government’s Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) has received the highest allocation, among all schemes, worth Rs 75,000 crores for 2020-2021.

Answer-4)Rs 2,83,202 cr
Explanation-The theme Aspirational India is divided under three categories of which Agriculture, Irrigation, and Rural Development received Rs 2,83,202 cr, Wellness, Water, and Sanitation received 96,885 crore, and Education and Skills allocated with Rs 1,02,314 crore.

Answer-4)16
Explanation-As a part of Agriculture, Irrigation and Rural Development, a 16 point action plan was listed with a Goal of Doubling farmers’ incomes by 2022. The plan also includes expansion of Pradhan Mantri Kisan Urja Suraksha Utthan Mahabhiyan Scheme (PM KUSUM) which had unveiled in Feb 2019 with an outlay of Rs. 34,422 crore to add a solar capacity of 25,750 MW by 2022.

Answer-5)None of the above
Explanation-Encourage will be given to those State governments who undertake implementation of following model laws already issued by the Central government:
a) Model Agricultural Land Leasing Act, 2016
b) Model Agricultural Produce and Livestock Marketing (Promotion and Facilitation) Act, 2017;, and
c) Model Agricultural Produce and Livestock Contract Farming and Services (Promotion and Facilitation) Act, 2018

Answer-1)National Bank for Agriculture and Rural Development (NABARD)
Explanation-NABARD will be entrusted with mapping and geo-tagging of agri-warehouses across the country. Currently, India has an estimated capacity of 162 million MT of agriwarehousing, cold storage, reefer van facilities etc.

Answer-4)Village Storage Scheme
Explanation– Govt will launch a ‘Village Storage Scheme’ to be run by women’s self-help groups (SHGs), with an aim to provide holding capacity for farmers. Apart from this, women belonging to rural areas will be able to retain their status as “Dhaanya Lakshmi”.

Answer-2)Kisan Rail
Explanation-To make the transportation of perishable goods (milk, meat, fish, etc) fast, Indian Railways will set up Kisan Rail through Public Private Partnership (PPP). There shall be refrigerated coaches in Express and Freight trains as well.

Answer-2)Ministry of Civil Aviation
Explanation-In order to assist farmers in transporting agricultural products, Krishi Udaan will be launched by the Ministry of Civil Aviation. This will immensely help improve value realisation (on agricultural products), especially in the north-east and tribal districts.

Answer-4)Horticulture product
Explanation-In order to promote horticulture, ‘one product one district ‘ has been mooted wherein one district will focus on one horticulture product.

Answer-4)2025
Explanation-A goal has been set to eliminate foot and mouth disease, as well as brucellosis in cattle, peste des petits ruminants (PPR) in sheep and goats by 2025. Coverage of artificial insemination shall be increased from 30% to 70%. Also, Mahatma Gandhi National Rural Employment Gurantee Act (MNREGS) would be dovetailed to develop fodder farms.

Answer-4)2025
Explanation-As per 16 points plan, the aim of the government is to Double the milk processing capacity from 53.5 million MT to 108 million MT by 2025.

Answer-5)Rs 69,000 crore
Explanation- Under Wellness, Water and Sanitation, Rs 69,000 crore has been allocated to the health sector which includes Rs 6,400 Crore for Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY).
Rs 12,300 crore has been allocated for Swachh Bharat Mission and Rs 11,500 crore for Jal Jeevan Mission.

Answer-3)Hospital establishment
Explanation-It is proposed to set up Viability Gap funding window for setting up hospitals in the PPP mode. This would also provide large scale employment opportunities to youth. Proceeds from taxes on medical devices would be used to support this vital health infrastructure.

Answer-2) IND-SAT
Explanation-Under the government’s Study in India programme an IND-SAT exam is proposed for Asian and African. Now foreign students have to clear the IND-SAT exam to study in India

Answer-4)Rs 27,227 crore
Explanation-Under the theme Economic Development for all, the sector Industry, Commerce and Investment has been allocated Rs 27,227 crore.

Answer-1) To achieve higher export credit disbursement
Explanation-To achieve higher export credit disbursement, a new scheme, NIRVIK is being launched, which provides for higher insurance coverage, reduction in premium for small exporters and simplified procedure for claim.

Answer-1)Rs 1,69,637 crore
Explanation– For the year 2020-2021, allocation towards Transport Infrastructure is Rs 1,69,637 crore while for overall Infrastructure- Rs 100 lakh crore to be invested over the next 5 years.

Answer-5)100
Explanation– 100 more airports to be developed by 2024 to support Udaan scheme.

Answer-3)Rs 22, 000 crore
Explanation-Union Budget 2020-2021 has allocated Rs 22, 000 crore towards power and renewable energy sector. It is proposed to promote “smart” metering in all the States and Union Territories by replacing conventional energy meters by prepaid smart meters in the next 3 years.

Answer-4)Rs 6000 crore
Explanation-BharatNet, also known as Bharat Broadband Network Limited, is the world’s largest rural broadband connectivity program. For the year 2020-2021 it has recieved Rs 6000 crore.

Answer-5)Rs 8000 crore
Explanation-Rs.8000 crore proposed over five years for National Mission on Quantum Technologies and Applications.

Answer-3)Rs 53,876 crore
Explanation-As a part of third theme ‘Caring Society’, the sector Women & Child, Social Welfare has been allocated with Rs 53,876 crore, Culture & Tourism funded with Rs 5,650 crore and Environment & Climate Change allocated with Rs 3,100 crore.

Answer-1)Rs 35600 crore
Explanation-Allocation towards nutrition-related programmes is Rs 35600 crore for 2020-2021 while programs specific to women are funded with Rs 28,600 crore.

Answer-2)Rs 9,500 crore
Explanation-The 90th Union Budget of India for 2020-2021 has provided Rs 9,500 crore for the welfare of senior citizens and Divyang (differently-abled). On the other hand, allocation towards welfare of Scheduled Castes (SC) and Other Backward classes (OBC) is Rs 85,000 crore and towards Scheduled tribes is Rs 53,700 crore.

Answer-4)Burzahom (Jammu and Kashmir)
Explanation-The 9oth Union Budget of India has proposed five archaeological sites would be developed as iconic sites with onsite Museums. They are: Rakhigarhi (Haryana), Hastinapur (Uttar Pradesh) Shivsagar (Assam), Dholavira (Gujarat) and Adichanallur (Tamil Nadu). Apart from this, there would be Re-curation of the Indian Museum in Kolkata, and Museum on Numismatics and Trade to be located in the historic Old Mint building in Kolkata (West Bengal).

Answer-5)Ministry of Culture
Explanation-The government has proposed to establish an Indian Institute of Heritage and Conservation under Ministry of Culture with a status of deemed University.

Answer-3)Lothal, Gujarat
Explanation-A maritime museum would be set up at Lothal, the Harappan age maritime site near Ahmedabad, Gujarat by the Ministry of Shipping.

Answer-2)Rs 4400 crore
Explanation-Union Finance Minister Nirmala Sitharaman announced an allocation of Rs 4,400 crore to encourage states formulating plans to ensure clean air in cities which have a population of above one million. Parameters for the incentives would be notified by the Ministry of Environment, Forests and Climate change.

Answer-4)Rs 100 crore
Explanation-A sum of Rs. 100 crore allocated to begin the preparations for G20 presidency to be hosted in India in the year 2022.

Answer-3)National Recruitment Agency (NRA)
Explanation-It is proposed to set up a National Recruitment Agency (NRA) as an independent, professional, specialist organisation for conduct of a computer-based online Common Eligibility Test for recruitment to Non Gazetted posts.

Answer-2)Rs 40,433 crore
Explanation-The 90th Union Budget of India for 2020-2021 has allocated Rs 40,433 crore Financial Sector which is comprised of Banking, Insurance, Financial Market and Infra Finance.

Answer-5)Rs 5 lakh
Explanation-Deposit Insurance and Credit Guarantee Corporation (DICGC) has been permitted to increase Deposit Insurance Coverage for a depositor, which is now Rs 1 lakh to Rs 5 lakh per depositor.

Answer-2)Rs 100 crore
Explanation-The limit for Non-banking financial companies(NBFCs) to be eligible for debt recovery under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002 is proposed to be reduced from Rs 500 crore to asset size of Rs 100 crore or loan size from existing Rs 1 crore to Rs 50 lakh.

Answer-4)12 months
Explanation-Window for Micro, Small and Medium Enterprises'(MSME’s) debt restructuring by Reserve Bank of India (RBI) to be extended by one year till March 31, 2021. More than five lakh MSMEs have already been benefitted.

Answer-4)Rs 1000 crore
Explanation-Many mid-size companies are successful domestically but not in export markets. For selected sectors such as pharmaceuticals, auto components and others, it has been proposed to extend handholding support. A scheme of Rs 1000 crore will be anchored by EXIM Bank (Export–Import Bank of India) together with SIDBI (Small industrial Development Bank of India). Both these institutions would contribute Rs 50 crore each.

Answer-5)15%
Explanation-The limit for Foreign portfolio investment (FPI) in corporate bonds, currently at 9% of outstanding stock, will be increased to 15% of the outstanding stock of corporate bonds.

Answer-2)Life Insurance Corporation of India (LIC)
Explanation-As a part of disinvestment, Government proposes to sell a part of its holding in LIC (Life Insurance Corporation of India) by way of Initial Public Offer (IPO).

Answer-5)Upto 5 Lakh
Explanation-As per the 90th Union Budget of India, individuals having net taxable income of up to Rs 5 lakh will be able to avail tax rebate of Rs 12,500 under section 87A in both, the existing and new, tax regimes. This would mean that individual taxpayers having net taxable income of up to Rs 5 lakh will continue to pay zero tax.

Answer-4)15%
Explanation-In order to provide relief and to simplify the taxation regime, it is proposed to provide an option to individual and Hindu undivided family (HUF) to be taxed at lower rates if they do not avail specified exemption/deductions. Around 70 of the existing exemptions and deductions (more than 100) to be removed in the new simplified regime.
Total Income (Rs)  Current Tax Rate (%)      New Tax Rate (%)
Upto 2.5 Lakh                 Exempt                           Exempt
2.5-5 Lakh             5%                        5%
5-7.5 Lakh             20%                      10%
7.5-10 Lakh           20%                      15%
10-12.5 Lakh                  30%                      20%
12.5-15 Lakh                  30%                      25%
Above 15 Lakh                30%                      30%

Answer-4)30%
Explanation-In order to provide relief and to simplify the taxation regime, it is proposed to provide an option to individual and Hindu undivided family (HUF) to be taxed at lower rates if they do not avail specified exemption/deductions. Around 70 of the existing exemptions and deductions (more than 100) to be removed in the new simplified regime.
Total Income (Rs)  Current Tax Rate (%)      New Tax Rate (%)
Upto 2.5 Lakh                 Exempt                           Exempt
2.5-5 Lakh             5%                        5%
5-7.5 Lakh             20%                      10%
7.5-10 Lakh           20%                      15%
10-12.5 Lakh                  30%                      20%
12.5-15 Lakh                  30%                      25%
Above 15 Lakh                30%                      30%

Answer-5)Vivad se Vishwas Scheme
Explanation-Vivad se Vishwas Scheme– It is proposed to bring out a scheme for reducing the direct tax litigation. Taxpayers in whose case appeals are pending at any level can take the benefit from this scheme. Under the scheme, taxpayer would be required to pay only the amount of the disputed taxes and there will be complete waiver of interest and penalty provided they make payment by 31st March, 2020. For disputed penalty, interest and fee not connected with the disputed tax, the taxpayer would be required to pay only 25% of the same for settling the dispute. A tax payer shall be required to pay 110% of the disputed tax and 30% of penalty, interest and fee in case of payment after 31st March, 2020.

Answer-5)100%
Explanation-Tax concession for foreign investments- 100% tax exemption to the interest, dividend and capital gains income on investment made in infrastructure and priority sectors before 31st March, 2024 with a minimum lock-in period of 3 years by the Sovereign Wealth Fund of foreign governments including the wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA).

Answer-5)120
Explanation-Proposal to reduce PIO time of stay– It is proposed to reduce the time of stay in India from 182 days to 120 days for an Indian citizen or person of Indian origin to become resident in India.

Answer-2)Textile
Explanation-Anti-dumping duty on Purified terephthalic acid (PTA), which is a raw material for synthetic textile is being abolished.

Answer-3)1973-74
Explanation-Union Budget 1973-74 is known as “Black Budget” of India as budget deficit rose to Rs 550 crore.

Answer-2)Morarji Desai
Explanation-In 1959, Morarji Desai, who became the finance minister of India, has presented the maximum number of budgets so far i.e. 10. He presented two budgets on his birthday – 1964 and 1968 as he was born on February 29.

Answer-3)Nirmala Sitharaman
Explanation– On 31st January 2020, Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman presented the Economic Survey 2019-20 in the Parliament.

Answer-4)6-6.5%
Explanation– On 31st January 2020, Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman presented the Economic Survey 2019-20 in the Parliament predicting India’s GDP (Gross Domestic Product) to be 6-6.5% in 2020-2021.

Answer- 3)Thalinomics
Explanation– This Economic Survey 2019-20 influenced by Kautilya’s Arthashashtra, has presented the “Thalinomics”- an attempt to relate economics to the common person using something that he or she encounters every day – a plate of food i.e. a Thali.

Answer-4)Wealth Creation
Explanation-The Overarching theme of Economic Survey 2019-20 is Wealth Creation. The survey documents ideas of wealth creation that are rooted in India’s tradition from Arthashashtra to Thiruvalluvar’s Thirukural.

Answer-2)Kautilya
Explanation– Arthashashtra, written by Kautilya is a treatise on economic policy, statecraft and military strategy. The treatise is estimated to have been completed around the 2nd century BCE (Before Common Era).

Answer- 3)Department of Economic Affairs, Ministry of Finance
Explanation– The Economic Survey, which is a detailed report card on the Centre’s economic performance through the year and future projection on the country’s growth has been prepared by the Economic Division, Department of Economic Affairs, Ministry of Finance.

Answer- 2)Krishnamurthy Subramanian
Explanation– The Economic Survey 2019-20 s been prepared by the Economic Division, Department of Economic Affairs, Ministry of Finance under the guidance of Chief Economic Adviser, Ministry of Finance, Krishnamurthy V. Subramanian in a period of 6 months.It is a collaborative effort of all Ministries and Departments of Government of India including researchers, consultants and think tanks both within and outside the government. The Economic Survey 2019-20 has also sourced certain data from Wikipedia, which is not considered as reliable source of information.

Answer- 2)Golden jubilee year
Explanation– Golden jubilee of bank nationalisation Survey observes 2019 as the golden jubilee year of bank nationalization.

Answer- 1)SBI
Explanation– India has only one bank in the global top 100 i.e State Bank of India (SBI) which is also on lowly 55th rank. Being the fifth largest economy, India should have at least six banks in the top 100 global list, and at least eight would be required for a country having a $5-trillion economy.

Answer- 2)3rd
Explanation– India ranked third in number of new firms created, as per the World Bank. New firm creation in India increased dramatically since 2014. There is 12.2 % cumulative annual growth rate of new firms in the formal sector during 2014-18, compared to 3.8 % during 2006-2014.

Answer- 5)Chinese model
Explanation– The economic survey 2019-20 suggests the creation of jobs on Chinese model.’Assemble in India for the world’ strategy with Make in India. Apart from raising India’s share in world trade, it could give India 8 crore well-paying jobs by 2030.

Answer- 4)Rs. 7.04 lakh crore
Explanation-In 2019-20, Centre’s fiscal deficit was budgeted at Rs. 7.04 lakh crore (3.3% of GDP), as compared to Rs. 6.49 lakh crore (3.4% of GDP) in 2018-19.

Answer- 2)1.5 % of GDP
Explanation-In 2019-20, Centre’s fiscal deficit was budgeted at Rs. 7.04 lakh crore (3.3% of GDP), as compared to Rs. 6.49 lakh crore (3.4% of GDP) in 2018-19, as per economic survey 2019-20.

Answer- 3)Rs.102 Lakh Crore
Explanation-To achieve GDP of USD 5 trillion by 2024 – 2025, India needs to spend about USD 1.4 trillion (Rs.100 lakh crore) over these years on infrastructure so that lack of infrastructure does not become a constraint to the growth of Indian economy. In this regard Infrastructure Investment of Rs.102 Lakh Crore is budgeted for FY 2020-2025.

Answer-4)2.8%
Explanation– The industrial growth for the year 2019-20 has been listed as 2.9% while the agricultural growth is 2.8%.

Answer-1)2nd
Explanation-India has become 2nd Largest Emerging Green Bond Market after China. The State Bank of India(SBI) entered the market with an US$650 million Certified Climate Bond. India also joined the International Platform on Sustainable Finance (IPSF) in 2019 to scale up the environmentally sustainable investments.

Answer-3)Band Baaja Baaraat
Explanation-The bollywood movie Band Baaja Baaraat was given reference to show Indian entrepreneurship.

Answer-2)2.6%
Explanation-There was decline in inflation from 3.2% in April 2019 to 2.6% in December 2019, reflecting weakening demand pressure in the Indian economy.

Answer- 5)US$ 461.2 bn
Explanation– Foreign reserves stood at US$ 461.2 bn as on 10th January, 2020. Foreign exchange reserves are assets held on reserve by a central bank in foreign currencies. These reserves are used to back liabilities and influence monetary policy.

Answer- 4)Russia
Explanation– India’s top five trading partners continue to be USA (United States of America), China, UAE (United Arab Emirates), Saudi Arabia and Hong Kong. The top export items are Petroleum products, precious stones, drug formulations & biologicals, gold and other precious metals. Largest export destinations in 2019-20 (April-November): United States of America (USA), followed by United Arab Emirates (UAE), China and Hong Kong.

Answer-3)Organic chemicals
Explanation– Top import items are Crude petroleum, gold, petroleum products, coal, coke & briquittes. India’s imports continue to be largest from China, followed by USA, UAE and Saudi Arabia.

Answer- 5)68
Explanation– Under trade facilitation, India improved its ranking from 143 in 2016 to 68 in 2019 under the indicator, “Trading across Borders”, monitored by World Bank in its Ease of Doing Business Report.

Answer- 1)44th
Explanation– Currently estimated to be around US$ 160 billion it is expected to touch US$ 215 billion by 2020. According to World Bank’s Logistics Performance Index, India ranks 44th in 2018 globally, up from 54th rank in 2014.

Answer- 3)75
Explanation– In FY 2019-20, 75 new medical colleges have been approved in the country. This will increase the total number to 16,000 MBBS medical and over 4,000 PG seats.

Answer- 4)Assam
Explanation– The Central and Assam Governments have recently signed a historic agreement with the Bodo Organizations to bring an end to the 5 decade-old Bodo dispute.

Answer- 2)2.6 crore
Explanation– 2.6 crore jobs created in Rural and Urban Areas Between 2011-12 and 2017-18 with 1.21 crore in rural areas and 1.39 crore in urban areas. There is 8% increase in regular employment of women in 2017-18 over 2011-12.

Answer- 3)US$ 24.4 bn
Explanation– Net FDI inflows in 2019-20 attracting US$ 24.4 bn in the first eight months, higher than the corresponding period of 2018-19. while Net Foreign Portfolio Investment (FPI) in the first eight months of 2019-20 stood at US$ 12.6 bn.

Answer- 4)9.3%
Explanation– The Gross Non Performing Advances ratio remained unchanged for Scheduled Commercial banks (SCBs) at 9.3% between March and September 2019 but increased slightly for the Non-Banking Financial Corporations (NBFCs) from 6.1% in March 2019 to 6.3% in September 2019.

Answer- 2)7.1%
Explanation– The Bank Credit growth (YoY-Year Over Year) moderated from 12.9% in April 2019 to 7.1% as on December 20, 2019 while Capital to Risk-weighted Asset Ratio of SCBs increased from 14.3% to 15.1% between March 2019 and September 2019.

Answer- 3)4.1%
Explanation– Consumer Price Index (CPI) inflation increased from 3.7% in 2018-19 (April to December, 2018) to 4.1% in 2019-20 (April to December, 2019). CPI – Combined (C) inflation has been highly variable across States ranging between (-)0.04% to 8.1% across States/UTs in financial year (FY) 2019-20 (April-December).

Answer- 1)1.5%
Explanation– The wholesale Price Index (WPI) inflation fell from 4.7% in 2018-19 (April to December, 2018) to 1.5% during 2019-20 (April to December, 2019).
During 2019-20 (April-December), food and beverages was the main contributor. Among them, inflation in vegetables and pulses was particularly high due to low base effect and production side disruptions like untimely rain.

Answer- 4)Tamil Nadu
Explanation– SDG India Index 2019: Himachal Pradesh, Kerala, Tamil Nadu, Chandigarh are front runners. While Assam, Bihar and Uttar Pradesh are under the category of Aspirants.

Answer- 4)80.73 million hectares
Explanation– The forest and tree cover have reached 80.73 million hectares which is 24.56% of the geographical area of the country. States/UTs showing gain in forest cover are Karnataka (1,025 sq. km), Andhra Pradesh (990 sq. km) and Jammu & Kashmir (371 sq. km). States showing loss in forest cover include Manipur, Meghalaya, Arunachal Pradesh and Mizoram.

Answer- 3)2.48 days
Explanation– The turnaround time of ships in India has almost halved to 2.48 days in 2018-19 from 4.67 days in 2010-11.

Answer- 3)Rs. 33,000 crore
Explanation– Strategic disinvestment of Government’s shareholding of 53.29 per cent in Hindustan Petroleum Corporation Limited (HPCL) led to an increase of around Rs. 33,000 crore in national wealth.