COVID-19 Economic Impact — Prelims Questions
Consider the following statements about India's economic response to COVID-19: 1. The actual fiscal impact of Atmanirbhar Bharat package was approximately 10% of GDP 2. Emergency Credit Line Guarantee Scheme provided collateral-free loans with 100% government guarantee 3. India's current account turned surplus in FY21 for the first time since independence 4. RBI reduced repo rate by 115 basis points during 2020 Which of the statements given above are correct?
Which of the following sectors showed resilience or growth during COVID-19 pandemic in India? 1. Pharmaceuticals 2. Information Technology 3. Agriculture 4. Tourism and Hospitality 5. Textiles and Apparel
The 'K-shaped recovery' observed in India post-COVID-19 refers to:
Consider the following about Production Linked Incentive (PLI) schemes launched during COVID-19: 1. They cover 14 sectors with total outlay of ₹1.97 lakh crore 2. They aim to boost imports and reduce domestic manufacturing costs 3. Electronics manufacturing has shown significant progress under PLI 4. They are part of Atmanirbhar Bharat initiative Which of the statements given above are correct?
India's current account turned surplus during COVID-19 primarily due to: