UPSC 1997 › Indian Economy

16 questions · 1997 · answers as per the UPSC key

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Topics: Human Development, Poverty & Employment Schemes (3)International Trade & WTO (3)Infrastructure & Industry (2)National Income & Economic Growth (2)Banking & Financial Sector (1)Economic Planning & Five-Year Plans (1)Fiscal Policy & Budget (1)Inflation & Price Indices (1)Monetary Policy & Money Supply (1)Taxation (1)

The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of

(a) 15 to 20 per cent
(b) 20 to 25 per cent
(c) 25 to 30 per cent
(d) 30 to 35 per cent
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Answer: (b) 20 to 25 per cent

The number of industries for which industrial licensing is required has now been reduced to

(a) 15
(b) 6
(c) 35
(d) 20
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Answer: (b) 6

The sum

of which of the following constitutes Broad Money in India? I. Currency with the Public II. Demand deposits with banks III. Time deposits with banks IV. Other deposits with RBI

Choose the correct answer using the codes given below:

(a) I and II
(b) I, II and III
(c) I, II, III and IV
(d) I, II and IV
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Answer: (c) I, II, III and IV

Match List I with List II

and select the correct answer by using the codes given below the lists:

List I (Committees) I. Disinvestment of shares in Public Sector Enterprises II. Industrial Sickness III. Tax Reforms IV. Reforms in Insurance Sector

List II (Chaired by) A) Rajah Chelliah B) Onkar Goswami C) R. N. Malhotra D) C. Rangarajan

Codes:

(a) I–A, II–D, III–B, IV–C
(b) I–D, II–B, III–A, IV–C
(c) I–D, II–A, III–B, IV–C
(d) I–A, II–C, III–D, IV–B
Show answer
Answer: (b) I–D, II–B, III–A, IV–C

One of the important agreements reached in the 1996 Ministerial Conference of WTO relates to

(a) Commerce in Information Technology
(b) Multilateral Agreement on Investment
(c) Multi-fibre Agreement
(d) Exchange of Technical Personnel
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Answer: (a) Commerce in Information Technology

Human Development Index comprises literacy rates, life expectancy at birth and

(a) Gross Domestic Product per head in US dollars
(b) Gross Domestic Product per head at real purchasing power
(c) Gross National Product in US dollars
(d) National Income per head in US dollars
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Answer: (b) Gross Domestic Product per head at real purchasing power

Match List I with List II

and select the correct answer by using the codes given below the lists:

List I (Commodities exported from India) — List II (Countries of destination) I. Iron-ore — A) Russia II. Leather goods — B) USA III. Tea — C) Japan IV. Cotton fabrics — D) UK E) Canada

(a) I-E, II-A, III-B, IV-C
(b) I-C, II-A, III-D, IV-B
(c) I-A, II-E, III-D, IV-C
(d) I-C, II-D, III-A, IV-B
Show answer
Answer: (b) I-C, II-A, III-D, IV-B

In India, inflation is measured by the

(a) Wholesale Price Index Number
(b) Consumers Price Index for urban non-manual workers
(c) Consumers Price Index for agricultural workers
(d) National Income deflation
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Answer: (a) Wholesale Price Index Number

The Sixth and the Eighth Five-Year Plans covered the period 1980-85 and 1992-97 respectively. The Seventh Five-Year Plan covered the period

(a) 1987-92
(b) 1986-91
(c) 1985-90
(d) 1988-94
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Answer: (c) 1985-90

Match List I with List II

and select the correct answer by using the codes given below the lists:

List I I. Rashtriya Mahila Kosh II. Mahila Samriddhi Yojana III. Indira Mahila Yojana IV. Mahila Samakhya Programme

List II A) Empowerment of women B) Education for Women’s Equality C) Promotion of savings among rural women D) Meeting credit needs of the poor women

Codes:

(a) I-C, II-B, III-A, IV-D
(b) I-A, II-C, III-D, IV-B
(c) I-D, II-C, III-A, IV-B
(d) I-D, II-A, III-B, IV-C
Show answer
Answer: (c) I-D, II-C, III-A, IV-B

Schemes of (i) Urban Micro Enterprises, (ii) Urban Wage Employment, and (iii) Housing and Shelter Upgradation are parts of

(a) Integrated Rural Development Programme
(b) Nehru Rozgar Yojana
(c) Jawahar Rozgar Yojana
(d) Prime Minister’s Rozgar Yojana
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Answer: (b) Nehru Rozgar Yojana

Assertion (A): The emergence of economic globalism does not imply the decline of socialist ideology.

Reason (R): The ideology of Socialism believes in universalism and globalism. In the context of the above two statements, which one of the following is correct?

(a) Both A and R are true and R is the correct explanation of A
(b) Both A and R are true, but R is not a correct explanation of A
(c) A is true, but R is false
(d) A is false, but R is true
Show answer
Answer: (a) Both A and R are true and R is the correct explanation of A

The contribution of India’s small-scale sector to the gross turnover in the manufacturing sector since 1992 has been of the order of

(a) 40%
(b) 34%
(c) 30%
(d) 45%
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Answer: (a) 40%

Which of the following come under Non-plan expenditure? I. Subsidies II. Interest payments III. Defence expenditure IV. Maintenance expenditure for the infrastructure created in the previous plans

Choose the correct answer using the codes given below:

Codes:

(a) I and II
(b) I and III
(c) II and IV
(d) I, II, III and IV
Show answer
Answer: (d) I, II, III and IV

National Income is the

(a) Net National Product at market price
(b) Net National Product at factor cost
(c) Net Domestic Product at market price
(d) Net Domestic Product at factor cost
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Answer: (b) Net National Product at factor cost
UPSC 1997 · Q103 · Indian Economy › Taxation · Save

The Minimum Alternative Tax (MAT) was introduced in the Budget of the Government of India for the year

(a) 1991-92
(b) 1992-93
(c) 1995-96
(d) 1996-97
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Answer: (d) 1996-97