Current Affairs made easy for TSPSC exam
This article is in continuation to the last article on subject-specific approach to current affairs for Telangana State Public Service Commission exams ECONOMY Economic Survey – It is an annual document of the Ministry of Finance, Government of India. The Department of Economic Affairs, Ministry of Finance presents the Survey in the Parliament every year, […]
This article is in continuation to the last article on subject-specific approach to current affairs for Telangana State Public Service Commission exams
ECONOMY
Economic Survey – It is an annual document of the Ministry of Finance, Government of India. The Department of Economic Affairs, Ministry of Finance presents the Survey in the Parliament every year, just before the union Budget. It brings out the economic trends in the country and facilitates a better appreciation of the mobilisation of resources and their allocation in the union Budget. The Survey analyses the trends in agricultural and industrial production, infrastructure, employment, money supply, prices, imports, exports, foreign exchange reserves, and other relevant economic factors that have a bearing on the Budget. Candidates must focus on the facts related to the trends in economic survey.
Highlights of Economic Survey
• GDP growth rate projected in the range of 8-8.5% for the next fiscal 2022-23 (FY23)
• Agriculture least hit by pandemic, sector to grow by 3.9% in 2021-22 after growing 3.6% the previous year
• Crop diversification towards oilseeds, pulses and horticulture needs to be given priority
• Industrial sector likely to grow at 11.8%
• Survey pegs services sector to see 8.2% growth in 2021-22
• India’s total exports are expected to grow by 16.5% in 2021-22 surpassing pre-pandemic levels
• Imports are expected to grow by 29.4% in 2021-22
• Middle-class borrowing to own houses well below the 21.1% growth year-on-year; also below the level of the last four years
• India has third largest startup ecosystem in the world after US and China.
• Delhi saw 5,000 new startups versus 4,514 in Bengaluru between April 2019 and December 2021
• UPI takes centre stage, with the country seeing 4.6 billion transactions worth Rs.8.26 lakh crore in December 2021 alone
• Five sectors capture around 83% of the aggregate pipeline value: Roads (27%), Railways (25%), Power (15%), Oil & Gas pipelines (8%) and Telecom (6%)
Q. Which of the following are the features of this year’s Economic Survey?
1. The theme of this year’s Economic survey relates to the art and science of policy making under conditions of extreme uncertainty
2. The central theme of this year’s Economic Survey is the “Agile approach”.
3. This year’s survey uses various examples to highlight the use of satellite and geospatial data to reflect the infrastructural growth in the country.
Choose the correct code.
a) 1 and 2
b) 2 and 3
c) 1 and 3
d) 1, 2 and 3
Answer: d
Persons in the News
Candidates can expect two to three questions from this segment and must focus on:
• Persons who have passed away recently – their field, contributions and achievements.
• Persons who are in the news for their recent achievements, especially Indians, in various spheres – sports, science and technology, literature, arts and so on.
Q. Which of the following statement(s) are true regarding Lata Mangeshkar.
1. She was the first female singer to receive Bharat Ratna award for her contributions to the nation.
2. She was the recipient of DadasahebPhalke Award
3. She also received honorary doctorates from the SangeetNatakAkademi in 1989
Which of the above statement(s) is/are true?
a) 2 only
b) 1 and 2
c) 2 and 3
d) 1, 2 and 3
Answer: c
Explanation: In 2001, in recognition of her contributions to the nation, she was awarded the Bharat Ratna, India’s highest civilian honour. She was only the second female singer, after MSSubbulakshmi, to receive this honour.
Q. Read the following statements and choose the correct answers.
Statement I – Mithali Raj of India has won the ICC Women Cricketer of the year 2021
Statement II – Ellyse Perry of Australia was the first woman player to win the award.
Choose the correct code.
a) Statement I is true; Statement II is false
b) Statement I is false; Statement II is true
c) Both statements I and II are true
d) Both statements I and II are false
Answer: b
Explanation: Smriti Mandhana of India has won the ICC Women Cricketer of the year 2021. She is the second woman player to win the award in the world. Ellyse Perry of Australia was the first woman player to win the award.
The award was introduced in 2006. It adjudges the best international cricketer based on their twelve-month period performances. Between 2006 and 2011, the award was presented in a single category called “Women’s Player of the Year”. In 2017, separate categories were introduced for One Day and T20 cricket.
To be continued…
By Shikara Academy
