Change set

Pick exam & year, then Go.

Question map
Not attempted Correct Incorrect ★ Bookmarked
Loading…
Q61 (UPPCS/2023) Economy › Economy Current Affairs

According to Economic Survey 2023 about services, which statement among the following is not correct?

Result
Your answer: —  ·  Correct: A

Explanation

According to the Economic Survey 2022-23 (presented in January 2023), the services sector showed a strong recovery and growth. The specifics regarding the options are as follows:

  • Statement A is incorrect: The Survey (Chapter 9: Services) states that fashion, grocery, and general merchandise are expected to capture nearly two-thirds of the Indian e-commerce market by 2027, not 2030.
  • Statement B is correct: The Survey highlights the announcement and launch of 75 Digital Banking Units (DBUs) across 75 districts to transform financial services and enhance digital inclusion.
  • Statement C is correct: Credit growth to the services sector remained robust, with the Survey noting that growth has been above 16% since July 2022.
  • Statement D is correct: The Purchasing Managers' Index (PMI) for services indicated strong expansion, with the Survey explicitly mentioning that PMI Services witnessed the strongest expansion since July 2022 in December 2022.
How others answered
Each bar shows the % of students who chose that option. Green bar = correct answer, blue outline = your choice.
Community Performance
Out of everyone who attempted this question.
0%
got it right
✓ Thank you! We'll review this.

SIMILAR QUESTIONS

CAPF · 2025 · Q18 Relevance score: 0.40

Which among the following statements regarding India's services export is/are not correct? 1. India's share in global services export has more than doubled, reaching around 4.3 percent in 2023 from 1.9 percent in 2005. 2. Travel' and Transport' services represent areas where India holds a relatively larger share in global export, at 10-2 percent and 8.5 percent respectively in 2023. Select the answer using the code given below.

IAS · 2020 · Q42 Relevance score: -0.71

With reference to the international trade of India at present, which of the following statements is/are correct ? 1. India's merchandise exports are less than its merchandise imports. 2. India's imports of iron and steel, chemicals, fertilisers and machinery have decreased in recent years. 3. India's exports of services are more than its imports of services .- 4. India suffers from an overall trade/current account deficit. Select the correct answer using the code given below :

CDS-I · 2025 · Q61 Relevance score: -1.07

Consider the following statements with respect to performance of the merchandise export of India in FY - 2024 : 1. Share of capital goods such as machinery, equipment and other durable goods decreased substantially. 2. Share of consumer goods and intermediate goods increased. Which of the statements given above is/are correct ?

CDS-II · 2020 · Q4 Relevance score: -2.37

Which one of the following statements about Indian economy during 2019-20 is not correct?

IAS · 2015 · Q81 Relevance score: -2.49

With reference to Indian economy, consider the following statements : 1. The rate of growth of Real Gross Domestic Product has steadily increased in the last decade. 2. The Gross Domestic Product at market prices (in rupees) has steadily increased in the last decade. Which of the statements given above is/are correct?