ECONOMICS SURVEY

World Economic Outlook (WEO) of IMF, forecasts global growth to slow from 3.5 per cent in 2022 to **** in 2024

• 2.4

• 2.5

• 2.7

• 2.9

Answer explanation

According to Economic Outlook, November 2023 global growth is projected to be 2.9 per cent in 2023 which will weaken to 2.7 per cent in 2024. As inflation abates further and real incomes strengthen, the world economy is projected to grow by 3% in 2025.

As per Advance Estimates (AE), the Indian economy is expected to grow at (a)   for the year ending March, 2024.

Per Capita Net National Income of India at current prices is estimated at (a)   for the FY 2023-24

Economic Adviser Government of Himachal Pradesh

(a)  

Answer explanation

H

·         As per World Bank Global Economic Prospects, (January 2024) advanced as well as developing economies are set to grow slowly in 2024 ____ per cent (historical (2000–19) average of 3.8 per cent)

• 2.3

• 2.4

• 2.7

• 2.9

Answer explanation

As per World Bank Global Economic Prospects, (January 2024) advanced as well as developing economies are set to grow slowly in 2024 and 2025 than they did in the decade before COVID-19. Global growth is expected to slow for a third year in a row to 2.4 per cent before ticking up to 2.7 per cent in 2025.

India's strategic focus on reducing logistics costs is pivotal for its ambition to become a key player in global supply chains and become a US$ 5 trillion economy by the end of ____. With an eye on the future, the country aims to achieve developed economic status by ____, demonstrating a clear trajectory towards sustained growth and development.

(a)  

The State was hit with severe Natural calamity in the monsoon months of 2023. Responding with unwavering resolve, the government allocated a special relief package of ____, increasing compensation by 25 times. Reconstruction aid for completely damaged houses was increased from _______.

• ₹4000 crore, ₹1 lakh 30 thousand to ₹7 lakh 50 thousand

• ₹4500 crore, ₹1 lakh 30 thousand to ₹7 lakh

• ₹5000 crore, ₹1 lakh ₹7 lakh

• ₹5500 crore, ₹1 lakh to ₹7 lakh

(i) Up to March 31, 2024, families living in relief camps due to disasters are being given a rent of ₹5,000 per month in rural areas and ₹7,500 per month in urban areas.

(ii) Besides LPG gas connection, free ration is also being provided to the Economic Survey 2023-24 10 affected families.

(iii) There is a provision for providing cement for house construction at government rates and free electricity and water connections.

INCORRECT

• (i)

• (ii)

• (iii)

• None

Answer explanation

10,000 in Urban areas

To address the challenges faced by apple-dominated areas during natural disasters, ____ has been allocated for road restoration, demonstrating the government's commitment to the welfare of the farming community.

• ₹100 crore

• ₹110 crore

• ₹130 crore

• ₹150 crore

(i) Mukhya Mantri Sukh Aashray Scheme, introducing a legal frame work for protection of orphans.

(ii) 4,000 orphans have been granted the status of "Children of the State" under this scheme. Mukhya Mantri Sukh Aashray Scheme bearing the expenses of education and providing pocket money to the orphans.

• (i)

• (ii)

• Both

• None