Economic_Survey-2024-25.pdf
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👆 Economic survey 2024-25 -PRS India - Civil Service Gurukul @economyupsc
Key Factors Behind the Rupee Depreciation
✅Strengthening US Dollar: The Dollar Index surged 1.24% to 109.84, reflecting increased investor confidence in the US economy. Robust job data, expectations of prolonged higher interest rates, and rising US Treasury yields have made the dollar more attractive.
✅Escalating Trade War Fears: US President Donald Trump’s tariffs on Canada, Mexico, and China have heightened global trade tensions. Canada and Mexico, which export over $840 billion worth of goods to the US, have announced retaliatory measures. China faces a potential 10% tariff, which has weakened the Yuan, indirectly impacting the Indian Rupee.
✅Foreign Institutional Investor (FII) Outflows: FIIs have been aggressively selling Indian assets since October 2024, withdrawing $11 billion in Q3 FY25, adding further pressure on the currency.
✅Widening Trade Deficit: India’s trade deficit has reached $188 billion, up 18% from FY24, reflecting the high import dependency, especially on crude oil.
✅RBI’s Intervention and Monetary Policy Outlook: The Reserve Bank of India (RBI) has been managing the currency volatility through forex interventions, selling $3.3 billion in reserves over the last seven weeks. However, with inflation concerns mounting, all eyes are on the upcoming RBI monetary policy review later this week
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Also join @economycadhan
✅Strengthening US Dollar: The Dollar Index surged 1.24% to 109.84, reflecting increased investor confidence in the US economy. Robust job data, expectations of prolonged higher interest rates, and rising US Treasury yields have made the dollar more attractive.
✅Escalating Trade War Fears: US President Donald Trump’s tariffs on Canada, Mexico, and China have heightened global trade tensions. Canada and Mexico, which export over $840 billion worth of goods to the US, have announced retaliatory measures. China faces a potential 10% tariff, which has weakened the Yuan, indirectly impacting the Indian Rupee.
✅Foreign Institutional Investor (FII) Outflows: FIIs have been aggressively selling Indian assets since October 2024, withdrawing $11 billion in Q3 FY25, adding further pressure on the currency.
✅Widening Trade Deficit: India’s trade deficit has reached $188 billion, up 18% from FY24, reflecting the high import dependency, especially on crude oil.
✅RBI’s Intervention and Monetary Policy Outlook: The Reserve Bank of India (RBI) has been managing the currency volatility through forex interventions, selling $3.3 billion in reserves over the last seven weeks. However, with inflation concerns mounting, all eyes are on the upcoming RBI monetary policy review later this week
@economyupsc
Also join @economycadhan
Q1. Which of the following statements is true about India’s Five-Year Plans?
Anonymous Quiz
16%
(a) They are prepared by the Ministry of Finance
66%
(b) They were discontinued after the 12th Plan (2012-2017)
18%
(c) They are still implemented by NITI Aayog
0%
(d) India never followed Five-Year Plans
Q2. The repo rate is the interest rate at which:
Anonymous Quiz
76%
(a) RBI lends money to commercial banks
17%
(b) Banks lend money to RBI
4%
(c) RBI lends money to the government
3%
(d) Banks lend money to the public
Q3. Which of the following is not included in the calculation of GDP?
Anonymous Quiz
14%
a) Farmer’s agricultural produce
12%
b) Goods produced in the informal sector
70%
c) Black market transactions
3%
d) Services offered by the IT sector
Q4. Which of the following is a direct tax?
Anonymous Quiz
12%
(a) Goods and Services Tax (GST)
7%
(b) Customs Duty
78%
(c) Income Tax
3%
(d) Excise Duty
Q5. The term ‘Core Inflation’ refers to:
Anonymous Quiz
36%
(a) Inflation that includes food and fuel prices
48%
(b) Inflation that excludes food and fuel prices
10%
(c) Inflation that only includes fuel prices
7%
(d) Inflation related to the core industries
Q 1.The 'Index of Industrial Production (IIP)' is compiled and published by which of the following organizations?
Anonymous Quiz
69%
(a) National Statistical Office (NSO)
13%
(b) Reserve Bank of India (RBI)
10%
(c) NITI Aayog
9%
(d) Ministry of Finance
Q 2.Which of the following statements is/are correct regarding 'Foreign Direct Investment (FDI)' in India? 1. FDI is allowed in the manufacturing sector under the automatic route. 2. FDI is prohibited in the atomic energy sector.
Anonymous Quiz
31%
(a) 1 only
10%
(b) 2 only
52%
(c) Both 1 and 2
6%
(d) Neither 1 nor 2
Q 3. Stagflation' refers to a situation where an economy faces which of the following?
Anonymous Quiz
14%
(a) High inflation and high economic growth
17%
(b) Low inflation and low unemployment
63%
(c) High inflation and high unemployment
6%
(d) Deflation and high economic growth
Q 4. The 'Goods and Services Tax (GST)' in India is a tax levied on which of the following?
Anonymous Quiz
6%
(a) Sale of goods only
6%
(b) Provision of services only
86%
(c) Both sale of goods and provision of services
3%
(d) Import of goods only
Indian Economy -Civil Service Gurukul
Q 4. The 'Goods and Services Tax (GST)' in India is a tax levied on which of the following?
Q 5. Disguised unemployment' generally refers to which of the following?
Anonymous Quiz
17%
(a) Unemployment due to seasonal variations
59%
(b) More people employed than actually needed
20%
(c) Unemployment among skilled workers
4%
(d) Unemployment due to industrial recession
Q 1.The Inflation Targeting Framework in India is set within which range by RBI?
Anonymous Quiz
54%
(a) 2% - 6%
22%
(b) 3% - 5%
22%
(c) 4% - 8%
1%
(d) 1% - 5%
Q 2.Which type of inflation is caused by an increase in production costs?
Anonymous Quiz
18%
(a) Demand-pull inflation
74%
(b) Cost-push inflation
7%
(c) Hyperinflation
1%
(d) Stagflation
Q 3.The Fiscal Responsibility and Budget Management (FRBM) Act primarily aims to?
Anonymous Quiz
72%
(a) Reduce fiscal deficit
14%
(b) Increase FDI
14%
(c) Improve rural employment
0%
(d) Promote exports
Indian Economy -Civil Service Gurukul
Q 3.The Fiscal Responsibility and Budget Management (FRBM) Act primarily aims to?
Q 4.Which tax contributes the most to India's total tax revenue?
Anonymous Quiz
50%
(a) Goods and Services Tax (GST)
40%
(b) Income Tax
9%
(c) Corporate Tax
1%
(d) Excise Duty
Indian Economy -Civil Service Gurukul
Q 4.Which tax contributes the most to India's total tax revenue?
Q 5.Which tax is NOT included in GST?
Anonymous Quiz
20%
(a) Excise Duty on alcohol
13%
(b) Customs Duty
13%
(c) Stamp Duty
53%
(d) All of the above
Indian Economy -Civil Service Gurukul
Q 4.Which tax contributes the most to India's total tax revenue?
Q 1. What is the projected real GDP growth rate for India in the fiscal year 2025-26, as per the Economic Survey 2024-25?
Anonymous Quiz
7%
(a) 5.8%
60%
(b) 6.4%
24%
(c) 6.7%
10%
(d) 7.1%
Q 2. The Union Budget 2025-26 has increased the income tax exemption limit to:
Anonymous Quiz
4%
(a) ₹5 lakh
13%
(b) ₹7 lakh
7%
(c) ₹10 lakh
75%
(d) ₹12 lakh
Q 3. Which scheme was introduced in the Union Budget 2025-26 to promote self-reliance in pulse production?
Anonymous Quiz
16%
(a) National Pulses Mission
66%
(b) Prime Minister Dhan-Dhaanya Krishi Yojana
9%
(c) Pulses Self-Sufficiency Scheme
9%
(d) Makhana Development Program