Economic Survey 2024-25
The Economic Survey 2024-25, presented by Union Finance Minister Nirmala Sitharaman, comprehensively analyzes India’s economic performance. Key highlights include:
- Global Economic Context: Global growth slowed to 3.3% in 2023, with the IMF projecting an average of 3.2% over the next five years.
- Domestic Economic Performance: Real GDP growth estimated at 6.4% in FY25.
- Sectoral Growth: Agriculture expected to grow at 3.8%, industry at 6.2%, and services at 7.2%.
- Fiscal Health and Capex: Capital expenditure grew by 8.2%, with a focus on infrastructure development.
Mental Health Role in Workforce
The Economic Survey also highlights the importance of mental health in the workforce, emphasizing the need for policies that support mental well-being to enhance productivity and economic growth.
Ocean Coordination Mechanism (OCM)
A new Ocean Coordination Mechanism (OCM) has been established to enhance international cooperation in ocean governance and address challenges such as marine pollution and overfishing.
Non-Opioid Painkiller
A new non-opioid painkiller has been developed, offering a safer alternative to traditional opioid medications and reducing the risk of addiction and side effects.
New Ramsar Sites
Several new Ramsar sites have been designated in India, recognizing their importance as wetlands of international significance and promoting their conservation and sustainable use.
SwaRail SuperApp
The Indian Railways has launched the SwaRail SuperApp, a comprehensive platform that integrates various railway services, including ticket booking, train tracking, and passenger amenities.
Kolleru Lake Mapping
A detailed mapping of Kolleru Lake, one of the largest freshwater lakes in India, has been conducted to support conservation efforts and sustainable management of its resources.
Kara Sea Mapping
The Kara Sea, located in the Arctic Ocean, has been mapped to enhance our understanding of its unique ecosystem and support efforts to protect its biodiversity.
Question 1: Economic Survey 2024-25
Q: Which of the following statements is/are correct regarding the Economic Survey 2024-25?
- The global growth slowed to 3.3% in 2023.
- The Indian real GDP growth is estimated at 7.4% in FY25.
- The agriculture sector is expected to grow at 3.8% in FY25.
- The capital expenditure grew by 8.2%, with a focus on infrastructure development.
Options: A. 1 and 2 only B. 1, 3, and 4 only C. 2 and 3 only D. 1, 2, and 4 only
Answer: B. 1, 3, and 4 only
Question 2: Mental Health Role in Workforce
Q: The Economic Survey 2024-25 emphasizes the importance of mental health in the workforce. Which of the following statements is true regarding the impact of mental health on economic productivity? A. Poor mental health leads to higher productivity and economic growth. B. Supporting mental well-being has no impact on workforce productivity. C. Policies that support mental well-being can enhance productivity and economic growth. D. Mental health is irrelevant to economic performance.
Answer: C. Policies that support mental well-being can enhance productivity and economic growth.
Question 3: Ocean Coordination Mechanism (OCM)
Q: Which of the following objectives are associated with the newly established Ocean Coordination Mechanism (OCM)?
- Enhancing international cooperation in ocean governance.
- Addressing challenges such as marine pollution and overfishing.
- Promoting inland waterway transportation.
- Supporting deep-sea mining activities.
Options: A. 1 and 2 only B. 2 and 3 only C. 1, 2, and 4 only D. 1, 2, and 3 only
Answer: A. 1 and 2 only
Question 4: Non-Opioid Painkiller
Q: A new non-opioid painkiller has been developed, offering a safer alternative to traditional opioid medications. Which of the following are potential benefits of this development?
- Reduced risk of addiction.
- Increased side effects.
- Safer pain management options.
- Higher cost compared to traditional opioids.
Options: A. 1 and 3 only B. 2 and 4 only C. 1, 2, and 3 only D. 1, 3, and 4 only
Answer: A. 1 and 3 only
Question 5: New Ramsar Sites
Q: What is the significance of the designation of new Ramsar sites in India? A. They are wetlands of international significance. B. They promote sustainable use and conservation. C. They increase industrial development in the area. D. Both A and B
Answer: D. Both A and B
Question 6: SwaRail SuperApp
Q: The Indian Railways has launched the SwaRail SuperApp. Which of the following services are integrated into this platform?
- Ticket booking
- Train tracking
- Passenger amenities
- Real-time weather updates
Options: A. 1 and 2 only B. 2 and 4 only C. 1, 2, and 3 only D. 1, 3, and 4 only
Answer: C. 1, 2, and 3 only
Question 7: Kolleru Lake Mapping
Q: What is the purpose of the detailed mapping of Kolleru Lake? A. To support conservation efforts. B. To promote tourism. C. To increase fishing activities. D. To build new infrastructure.
Answer: A. To support conservation efforts.
Question 8: Kara Sea Mapping
Q: The mapping of the Kara Sea is aimed at enhancing our understanding of its unique ecosystem. Which of the following is NOT a likely benefit of this mapping? A. Protecting its biodiversity. B. Identifying new shipping routes. C. Supporting deep-sea mining. D. Enhancing global climate models.
Answer: C. Supporting deep-sea mining.