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IBPS PO General Awareness: Economy & Finance questions with solutions

6 questions with worked solutions.

Questions

Q1. According to Economic Survey 2022-23, what was the growth rate in total number of subscribers under the National Pension Scheme (NPS) and Atal Pension Yojana (APY)?

  1. 20.10%
  2. 22.50%
  3. 25.10%
  4. 28.30%

Answer: 25.10%

The Economic Survey 2022-23 reported a 25.10% growth in total subscribers under both the National Pension Scheme (NPS) and the Atal Pension Yojana (APY) combined.

Q2. Study the tourism data. Which countries/categories (A, B, C, D) satisfy the given conditions?

  1. A and B only
  2. A, B and C
  3. A, B and D
  4. B, C and D

Answer: A, B and D

From the tourism data, categories/countries A, B and D meet the stated criteria, while C does not satisfy all conditions.

Q3. Which state/UT has the highest value of a specific economic indicator?

  1. Goa
  2. Delhi
  3. Maharashtra
  4. Karnataka

Answer: Maharashtra

Maharashtra is India's largest economy by GDP and typically has the highest value in many economic indicators including industrial output, FDI, and GSDP.

Q4. Human Development Index (HDI) released by UNDP measures which component?

  1. Literacy rate
  2. Life expectancy at birth
  3. Standard of living
  4. All of the above

Answer: Standard of living

The Human Development Index (HDI) measures three key dimensions: (1) health — life expectancy at birth; (2) education — mean/expected years of schooling; (3) standard of living — GNI per capita (PPP). If the question asks which one is included, Standard of Living (GNI per capita) is one of the three dimensions.

Q5. India's real GDP growth rate in 2021-22 (as per NSO)?

  1. 8.1 percent
  2. 8.2 percent
  3. 8.5 percent
  4. 8.7 percent

Answer: 8.7 percent

India's real GDP growth rate in 2021-22 was 8.7% as per the National Statistical Office (NSO), driven by base effect and recovery across sectors after the COVID-19 pandemic contraction.

Q6. Passage about India's POW trinity (Politics, Oil, World economy). What drives India's exports and industry?

  1. Trade and Export GDP drive India's exports and industry
  2. Demand and Supply GDP drive India's exports and industry
  3. World trade and global GDP drive India's exports and industry
  4. Import and Export GDP drive India's exports and industry

Answer: World trade and global GDP drive India's exports and industry

As directly stated in the passage: 'World trade and global GDP drive India's exports and industry.' This is the 'W' factor in the POW (Politics, Oil, World economy) trinity.

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