Economy and Development MCQ Quiz - Objective Question with Answer for Economy and Development - Download Free PDF

The correct answer is 2,26,982 crore

Key Points

• Telangana Budget 2025-26:
• Total Outlay: ₹3,04,965 crores
• Revenue Expenditure: ₹2,26,982 crores
• Capital Expenditure: ₹36,504 crores
• GSDP (2024-25): ₹16,12,579 crores

The correct answer is ₹18,000 crore

Key Points

• Six Guarantees budget allocation in 2025-26:
• Rythu Bharosa - 18,000 crore
• Cheyutha - 14,861 crore
• Indiramma Houses - 12,571 crore
• Mahalaxmi (RTC) - 4,305 crore
• Gruha Jyothi (200 Units Free Power) - 2,080 crore
• Bonus to Sanna Rakam Paddy farmers - 1,800 crore
• Rajiv Aarogya Sri - 1,143 crore
• LPG Subsidy under Mahalakshmi Scheme - 723 crore
• Indiramma Atmeeya Bharosa - 600 crore

The correct answer is 10.1%

Key Points

• The Gross State Domestic Product (GSDP) of Telangana for 2024-25 stands at Rs. 16.12 lakh crore at current prices, reflecting a growth rate of 10.1%.
• This growth rate surpasses the national GDP growth rate, which is 9.9%.

The correct answer is 9.0%

Key Points

• Education: 9.0% of total expenditure (lower than the national average of 15.0% in 2024-25).
• Health: 4.8% of total expenditure (lower than the national average of 6.2% in 2024-25).
• Rural Development: 4.1% of total expenditure (lower than the national average of 5.1% in 2024-25).
• Welfare of SC, ST, OBC: 12.4% of total expenditure (much higher than the national average of 3.1% in 2024-25).
• Agriculture: 10.1% of total expenditure (much higher than the national average of 6.3% in 2024-25).
• Irrigation: 5.1% of total expenditure (higher than the national average of 3.4% in 2024-25).

The correct answer is ​SC Development

Key Points

• Telangana Budget 2025-26:
• Total Outlay: ₹3,04,965 crores
• Revenue Expenditure: ₹2,26,982 crores
• Capital Expenditure: ₹36,504 crores
• GSDP (2024-25): ₹16,12,579 crores
• Key Allocations:
• SC Development: ₹40,232 crores
• ST Development: ₹17,169 crores
• BC Welfare: ₹11,405 crores
• Minorities Welfare: ₹3,591 crores
• Agriculture: ₹24,439 crores
• Irrigation: ₹23,373 crores
• Energy: ₹21,221 crores
• Health: ₹12,393 crores

The correct answer is Project Approval.

Key Points

• Telangana State Industrial Project Approval and Self-Certification System (TS-iPass) was statutorily enacted in 2014.
• Time limits range from 1 to 30 days, depending on the complexity of the approval.
• All departments involved in the establishment and operation of an enterprise are brought under the purview of TS-iPASS.
• Telangana State Industrial Project Approval and Self-Certification System (TS i-PASS) is a self-certification-based single-window clearance system for industries.
• Telangana is the only state that allows industrial clearances based on selfcertification.

Additional Information

• TS-iPASS approval allows for the opening of more than 15,000 industries.
• Through TS-iPASS, Telangana attracted investments of Rs. 2,32,311 Cr., creating 16.48 lakh jobs.

The correct answer is Lalith kumar committee.

Key Points

•  The all-party agreement happened on January 19, 1969.
• The government set up a committee on Telangana surplus funds headed by Lalit Kumar.
• He was a CAG official.

• This committee examined all the allocations from November 1, 1956 to March 31, 1968 and submitted a report.

Additional Information

•  In this report, from November 1, 1956 to March 31, 1968, including excise duty, there was a surplus of 102 crores in the revenue account of Telangana, out of which the net surplus was 63.92 crores.

The correct answer is Telangana Industrial policy

Key Points

• Innovate, Incubate, Incorporate is the motto of Telangana State's Industrial Policy Framework in 2015.
• Telangana's industrialization is envisioned by the Telangana State Government as Research to Innovation, Innovation to Industry, and Industry to Prosperity"
• The policy framework aims to create a regulatory climate for business where conducting business would be as simple as shaking hands.
• The industries of the Telangana State will be led by innovation and technology.

Additional Information

• Telangana's government issued its first Information and Communication Technology (ICT) Policy in 2016.
• To boost the rate of growth in the IT sector, the government introduced sectoral policy frameworks in 2016 for Electronics, Innovation and Rural Technology, Data Centres, Open Data, Cyber Security, Data Analytics, Internet of Things (IoT), and eWaste
•  Allowing the state to become a national hub for technology entrepreneurship and innovation..
• The first ICT policy's success is reflected in the state's exports and employment trends in the IT/ITeS sector.
• Telangana's Second ICT Policy focuses on digital empowerment of citizens, innovation, and entrepreneurship as drivers of sector growth.
• It intends to increase exports from this sector from Rs.1.45 lakh crore in 2020-21 to Rs.3 lakh crore by the year 2026. 

The correct answer is Land pooling is voluntary and acquisition is involuntary.

Key PointsLand pooling

• According to this policy, individual or group land ownership is combined by transferring ownership rights.to the specified land pooling policy.
• Later, it returns ownership of a portion of the land to the original landowner so that they can proceed with the development of the region as instructed.
• Land pooling is voluntary.

Land acquisition

• Land acquisition in India refers to the procedure through which the central or state governments purchase private area in order to construct infrastructure, industrialise, or urbanise the land.
• It offers impacted landowners compensation.
• Land acquisition involuntary.

The correct answer is 42.59% and 24.07% respectively.

Key Points

• Telangana is the twelfth biggest state in India regarding geological region with 112.08 lakh hectares, of which around 60% of it is arable.
• In the rural year 2016-17, around 47.74 lakh hectares region was under net region planted and the gross edited region is around 59.70 lakh hectares.
• Woodland involves 26.98 lakh hectares, bookkeeping for 24.07% of the all-out geological region of the State.
• Around 8.52 lakh hectares of land put to non-agrarian utilizations and decrepit grounds (counting currently neglected and other neglected land) was spread over more than 15.03% of the aggregate geographical region in the State

The correct answer is Services sector.

Key Points

• As per the advanced estimates, the GSDP grew at 5.3% in 2014-15 as compared to 4.8% recorded in 2013-14 at constant prices of 2004-05.
• The GSDP at current prices for 2014-15 is estimated at Rs 4.30 lakh crore as against Rs 3.91 lakh crore for 2013-14 with a growth rate of 9.9%.
• The sectoral analysis shows the growth is highest in the services sector at 9.7% for 2014-15, followed by industry (4.1%) and a negative growth of (-) 10.3% in the agriculture sector.
• The growth estimate of 5.3% would have been higher but for the agriculture and allied activities which recorded a negative growth due to poor seasonal conditions.
• The contribution of agriculture sector to GSDP declined to 12.8% in 2014-15 from 15.1% in the previous year.
• The contribution of Industry sector is estimated to be 24.3% without much variation compared to the past year, while services had chipped in with a higher percentage of 62.9% (2014-15) as against 60.3% in 2013-14.

The correct answer is 17 %.Key Points

• In Telangana, Agriculture sector contributed 17% to GSDP at current prices for the year 2014-15.
• The shares of Agriculture and Industrial sectors were 17% and 22.5% respectively in the same period.
• The shares of Agriculture and Industrial sectors were 17% and 22.5% respectively in the same period.
• 74% of rural population is still depending on agriculture sector in Telangana State.
• The Industrial sector share at 22.5% of GVA of Telangana is lower than the national level (29.7%) and the share of manufacturing sector is only 15% of GVA. 

Additional Information

• Major Manufacturing Industries in Telangana:
  • Manufacture of pharmaceuticals, medicinal, clinical and botanical products constitute about 29% of the GVA within the manufacturing sector, followed by
  • manufacture of electrical equipment (11%),
  • manufacture of other non-metallic mineral products (9 %) and
  • manufacturing of food products (9 %) .
  • In terms of investment, manufacture of pharmaceuticals, other non-metallic mineral products, rubber and plastic products, electrical equipment and food products account for about 54 percent of total investment (fixed capital) within total manufacturing sector in the State .

The correct answer is Karimnagar.

Key Points

• The Mulkanoor Cooperative Rural Bank and Marketing Society Ltd, located in Telangana's Karimnagar district.
• It is a role model in many aspects and is responsible for several PhD theses, among other things.
• Few people are aware that Mulkanoor is home to one of the biggest paddy seed production and sales enterprises in the nation.

Additional Information

• Mulkanoor, a name well-known in the north Telangana region for its cooperative movement.
• The women members of the unit launched Swakrushi milk products.
• The Milk Shed Area activity, promoted by the National Dairy Development Board of Anand, is currently covering 72 villages in and around Mulkanoor.
• The co-operative society expects to cover 11,000 women by the end of its fifth year of operation.
• The project will cost Rs. 4.01 crore.

 Key Points

• ICRA ranked the state of Telangana as A+ because Telangana has very good State’s own tax revenue.

 Additional Information

• ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) was established in 1991 as an independent and professional investment Information and Credit Rating Agency by leading financial/investment institutions, commercial banks, and financial services companies.
• ICRA and its subsidiaries now form the ICRA Group of Companies (Group ICRA). 
• ICRA is a Public Limited Company, and its shares are traded on the Bombay and National Stock Exchanges.
• Being an early entrant in the business of credit rating, the ICRA limited is one of the most experienced credit rating agencies in our country.
• ICRA rates rupee-denominated debt instruments which are issued by the manufacturing companies, commercial banks, non-banking finance companies, financial institutions, public sector undertaking and municipalities, etc.
• It also rates structured obligations and sector-specific debt obligations such as instruments which are issued by telecom, power and infrastructure companies.
• Other services which are offered by the ICRA include credit risk rating of debt mutual funds, and independent credit evaluation of the residual debt in entities which are under the RBI’s framework for resolution of stressed assets.
• It also provides rating of security receipts which are issued by the Asset Reconstruction Companies as mandated by the Reserve Bank of India.

Correct answer is: Sugarcane
Key Points

•  Ratooning is a farming method that allows for two harvests in a single cropping season by growing a second crop from the first stubble, which has the potential to be more resource-efficient and profitable than direct-sown crops. 
• This is also referred to as "stubble cropping". 
• During the first harvest, the sugarcane is cut using the Ratooning method, leaving a small portion of the stalk in the soil with the roots. 
• The stalk quickly produces new shoots or ratoons. 
• Ratoon refers to the second or any other successive crop grown from the roots of the previous crop.

 Additional Information

• Sugarcane, pineapple, and banana are grown using the ratooning method. 
• Ratooning cannot be used forever because the yield and quality of each cycle decreases. 
• Two or three ratooning crops of sugarcane, for example, are possible before new planting is required.
• Ratooning is a common practice on plants that will be used to produce essential oils, fibre, and pharmaceuticals. Crops that produce a consistent yield over three years are the most popular for ratooning.
• For example, the woody desert shrub guayule, a natural rubber substitute, is harvested for the first time when it is two years old and then ratooned every spring until a final crop of tops and roots is produced.