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State PCS PYQPrelims 2023

UPPCS · Question 61

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

  1. Fashion, grocery and general merchandise will capture nearly two-thirds of the Indian e-commerce market by 2030.
  2. 75 digital banking units announced for transforming financial services.
  3. Credit growth to services is above 16% since July 2022.
  4. PMI services witnessed strongest expansion since July 2022.
Show answer & explanation

Answer: (A) Fashion, grocery and general merchandise will capture nearly two-thirds of the Indian e-commerce market by 2030.

Explanation

The Economic Survey did not claim that fashion, grocery and general merchandise would capture two-thirds of the e-commerce market by 2030. (As per the official UPPSC answer key.)