Summarize the following text to main points and sub-points and make detailed explain for them:

dence stadium, Guyana. 
 
Which of the statements given above is/are correct? 
 
(A)  1 only 
(B)  2 only 
 
(C)  1 and 2 both 
(D)  Neither 1 nor 2 
 
 
(A) 
 
The final was held in Kensington Oval in Bridgetown, 
Barbados. Jasprit Bumrah also won the Player of the 
Tournament award at the T20 World Cup 2024 after 
picking up 15 wickets in eight matches. Virat Kohli was 
named the Man-of-the-Match of the final. 
 
141. What is the name of the high-performance explosive 
developed by Economic Explosives Limited (EEL) as part 
of the Make in India initiative and is considered one of 
the most powerful non-nuclear explosives in the world: 
SEBEX 2 
142. Who has been elected as next President of the European 
Council: António Costa (He has served as the 118th 
prime minister of Portugal from 2015 to 2024) 
143. Which Union Ministry has launched the eSankhyiki 
portal: 
Ministry 
of 
Statistics 
and 
Programme 
Implementation (MoSPI) 
 
 
 
 
 
 
 
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Economic Survey 2023-24 MCQs 
 
1. 
Consider the following statements about India's 
economy as per the Indian Economic Survey 2023-24: 
 
1. India's real GDP growth in FY24 was 8.0%. 
 
2. Gross Value Added (GVA) growth in FY24 was 7.2%. 
 
3. Retail inflation reduced to 5.4% in FY24. 
 
Which of the above statements is/are correct? 
 
(A)  Only 1 and 2 
(B)  Only 2 and 3 
 
(C)  Only 1 and 3 
(D)  1, 2, and 3 
 
 
(B)  Only 2 and 3 
 
India’s real GDP growth rate for FY24 exceeded 8% in 
three out of four quarters, recording 8.2% for the entire 
fiscal year. 
 
2. 
As per the Indian Economic Survey 2023-24, how many 
people were provided free food grains under the 
Pradhan Mantri Garib Kalyan Anna Yojana? 
 
(A)  78.2 crore 
(B)  80.6 crore 
 
(C)  81.4 crore 
(D)  82.8 crore 
 
 
(C)  81.4 crore 
 
3.  
Consider the following statements regarding the 
Indian Economic Survey 2023-24: 
 
1. Gross Value Added (GVA) growth was higher than 
real GDP growth in FY24. 
 
2. India’s Current Account Deficit (CAD) in FY24 was 
higher than in FY23. 
 
Which of the above statements is/are correct? 
 
(A)  Only 1 
(B)  Only 2 
 
(C)  Both 1 and 2 
(D)  Neither 1 nor 2 
 
 
(D)  Neither 1 nor 2 
 
GVA growth (7.2%) was lower than real GDP growth 
(8.2%) in FY24. India’s CAD improved from 2.0% of GDP 
in FY23 to 0.7% in FY24.  
 
4. 
Consider the following statements about India's 
financial sector as per the Indian Economic Survey 
2023-24: 
 
1. The policy repo rate was maintained at 6.5% in FY24. 
 
2. Credit disbursal by Scheduled Commercial Banks 
(SCBs) grew by 20.2% at the end of March 2024, 
reaching ₹164.3 lakh crore. 
 
Which of the above statements is/are correct? 
 
(A)  Only 1 
(B)  Only 2 
 
(C)  Both 1 and 2 
(D)  Neither 1 nor 2 
 
 
(C)  Both 1 and 2 
5.  
According to the Indian Economic Survey 2023-24, 
what percentage of the total tax collected in FY24 
came from direct taxes? 
 
(A)  45% 
(B)  55% 
 
(C)  60% 
(D)  65% 
 
 
(B)  55% 
 
6.  
As per the Indian Economic Survey 2023-24, what was 
the YoY growth in broad money (M3) as on March 22, 
2024? 
 
(A)  9% 
(B) 10.5% 
 
(C)  11.2% 
(D)  12% 
 
 
(C)  11.2% 
 
7.  
The Indian microfinance sector is the second-largest 
in the world as per the Indian Economic Survey 2023-
24. Which country ranks first in this sector? 
 
(A)  USA 
(B)  China 
 
(C)  Bangladesh 
(D)  Japan 
 
 
(B)  China 
 
8.  
As per the Indian Economic Survey 2023-24, India's 
stock market is ranked fifth globally in terms of which 
of the following metrics? 
 
(A)  Market capitalisation 
 
(B)  Stock market growth rate 
 
(C)  Trading volume 
 
(D)  Number of listed companies 
 
 
(A)  Market capitalisation 
 
Market capitalization, or "market cap," represents the 
total dollar market value of a company's outstanding 
shares of stock. 
 
9. 
Consider the following statements regarding inflation 
in India as per the Indian Economic Survey 2023-24: 
 
1. Food inflation increased from 6.6% in FY23 to 7.5% 
in FY24. 
 
2. 29 States and Union Territories recorded inflation 
below 6% in FY24. 
 
3. The IMF forecasts India's inflation to be 4.6% in 2024 
and 4.2% in 2025. 
 
Which of the above statements is/are correct? 
 
(A)  Only 1 and 2 
(B)  Only 2 and 3 
 
(C)  Only 1 and 3 
(D)  All 1, 2 and 3 
 
 
(D)  All 1, 2 and 3 
 
 
 
 
 
 
 
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ECONOMIC SURVEY 2023-24 
10.  What was the growth in industrial credit in FY24 
compared to the previous year, according to the 
Indian Economic Survey 2023-24? 
 
(A)  5.2% 
(B)  7.5% 
 
(C)  8.5% 
(D)  9.5% 
 
 
(C)  8.5% 
 
11. 
Consider the following statements regarding India's 
global economic position as per the Indian Economic 
Survey 2023-24: 
 
1. India's share in global goods exports was 1.8% in 
FY24, up from an average of 1.7% during FY16-FY20. 
 
2. India is the second-largest remittance recipient 
globally, with remittances reaching USD 120 billion 
in 2023. 
 
3. India's external debt to GDP ratio was 18.7% at the 
end of March 2024. 
 
Which of the above statements is/are correct? 
 
(A)  Only 1 and 2 
(B)  Only 2 and 3 
 
(C)  Only 1 and 3 
(D)  All 1, 2 and 3 
 
 
(C)  Only 1 and 3 
 
India is the top remittance recipient country globally, 
with remittances reaching a milestone of USD 120 billion 
in 2023. 
 
12.  Which of the following sectors primarily contributed 
to the growth of India’s services exports in FY24? 
 
(A)  Tourism and hospitality services 
 
(B)  IT/software services and ‘other’ business services 
 
(C)  Financial services and insurance 
 
(D)  Healthcare and education services 
 
 
(B)  IT/software services and ‘other’ business services 
 
13.  As per the Indian Economic Survey 2023-24, India’s 
share in world tourism receipts increased from 1.38% 
in 2021 to which of the following values in 2022? 
 
(A)  1.42% 
(B)  1.58% 
 
(C)  1.70% 
(D)  1.65% 
 
 
(B)  1.58% 
 
14.  According to the Indian Economic Survey 2023-24, 
India’s services exports grew by what percentage to 
reach USD 341.1 billion in FY24? 
 
(A)  4.9% 
(B)  5.2% 
 
(C)  6.1% 
(D)  7.4% 
 
 
(A)  4.9% 
15.  According to the Indian Economic Survey 2023-24, 
what was India's external debt to GDP ratio at the end 
of March 2024? 
 
(A)  15.2% 
(B)  18.7% 
 
(C) 20.3% 
(D)  21.1% 
 
 
(B) 18.7% 
 
16. 
Consider the following statements about India's 
climate and energy goals as per the Indian Economic 
Survey 2023-24: 
 
1. India is the only G20 nation in line with the 2-degree 
centigrade warming goal. 
 
2. As of May 2024, over 50% of India's installed 
electricity generation capacity comes from non-
fossil sources. 
 
3. India has reduced the emission intensity of its GDP 
by 33% from 2005 levels by 2019. 
 
Which of the above statements is/are correct? 
 
(A)  Only 1 and 2 
(B)  Only 2 and 3 
 
(C)  Only 1 and 3 
(D)  All 1, 2 and 3 
 
 
(C)  Only 1 and 3 
 
As of May 2024, the share of non-fossil sources in India's 
installed electricity generation capacity is 45.4%, not 
over 50%. 
 
17.  Between 2005 and 2019, India's GDP grew at a 
Compound Annual Growth Rate (CAGR) of about 7%. 
At what CAGR did emissions grow during the same 
period? 
 
(A)  3% 
(B)  4% 
 
(C)  5% 
(D)  6% 
 
 
(B) 4% 
 
18.  According to the Indian Economic Survey 2023-24, the 
unemployment rate in India declined to which of the 
following values in 2022-23? 
 
(A)  3.5% 
(B)  3.2% 
 
(C)  4.1% 
(D)  5.0% 
 
 
(B)  3.2% 
 
19. 
As per the Indian Economic Survey 2023-24, what 
percentage of India's workforce is employed in the 
agriculture sector? 
 
(A)  35% 
(B)  45% 
 
(C)  50% 
(D)  55% 
 
 
(B)  45% 
 
 
 
 
 
 
 
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ECONOMIC SURVEY 2023-24 
20.  According to the Indian Economic Survey 2023-24, how 
many jobs will the Indian economy need to generate 
annually in the non-farm sector until 2030 to meet the 
rising workforce demand? 
 
(A)  50 lakh 
(B)  65 lakh 
 
(C)  78.5 lakh 
(D)  85 lakh 
 
 
(C)  78.5 lakh 
 
21. 
Consider the following statements regarding India's 
agriculture sector, as per the Indian Economic Survey 
2023-24: 
 
1. The agriculture and allied sector registered an 
average annual growth rate of over 4% at constant 
prices over the last five years. 
 
2. For every rupee invested in agricultural research, 
there is a payoff of ₹13.85. 
 
Which of the above statements is/are correct? 
 
(A)  Only 1 
(B)  Only 2 
 
(C)  Both 1 and 2 
(D)  Neither 1 nor 2 
 
 
(C)  Both 1 and 2 
 
22.  As per the Indian Economic Survey 2023-24, what was 
the growth rate of the agriculture and allied sector 
over the last five years at constant prices? 
 
(A)  3.5% 
(B) 4.18% 
 
(C)  4.8% 
(D)  5.0% 
 
 
(B)  4.18% 
 
23.  India's phar

Summary :