UPSC 2002 › Indian Economy

"World Development Report" is an annual publication of

Consider the following statements: The Draft Electricity Bill, 2001 seeks to replace

1. Indian Electricity Act, 1910
2. Electricity (Supply) Act, 1948
3. Electricity Regulatory Commission Act, 1998
4. State Electricity Boards

Which of these statements are correct?

Consider the following statements:

1. The World Intellectual Property Organisation (WIPO) is a specialised agency of United Nations System of Organisations
2. WIPO has its headquarters at Rome
3. The Trade Related Aspects of Intellectual Property Rights (TRIPS) Agreement is binding on all WTO members
4. Least-developed country members of WTO are not required to apply the provisions of TRIPS Agreements for a period of 20 years from the general date of application of the Agreement

Which of these statements are correct?

India has the maximum volume of foreign trade with

With reference to Indian agriculture,

which one of the following statements is correct?

India's external debt increased from US $98,158 million as at the end of March 2000 to US $100,225 million as at the end of March 2001 due to increase in

With reference to the Indian economy, consider the following activities:

1. Agriculture, Forestry and Fishing
2. Manufacturing
3. Trade, Hotels, Transport and Communication
4. Financing, Insurance, Real Estate and Business services The decreasing order of the contribution of these sectors to the Gross Domestic Product (GDP) at factor cost at constant prices (2000-01) is

Consider the following statements: The objectives of the National Renewal Fund set up in February 1992 were

1. To give training and counselling for workers affected by retrenchment or VRS.
2. Redeployment of workers

Which of these statements is/are correct?

Which one of the following committees recommended the abolition of reservation of items for the small-scale sector in industry?

Consider the following statements: The objectives of the National Renewal Fund set up in February 1992 were

1. to give training and counselling for workers affected by retrenchment or VRS.
2. redeployment of workers

Which of these statements is/are correct?

Consider the following high yielding varieties of crops in India:

1. Arjun
2. Jaya
3. Padma
4. Sonalika

Which of these are wheat?

With reference to the Wholesale Price Index (WPI), consider the following statements:

1. The new WPI series with base 1993-94 = 100 became effective from April 1998.
2. In the new WPI series, became effective from 1 April 2000.
3. The weight for electricity has increased in the new WPI series.

Which of these statements are correct?

Global capital flows to developing countries increased significantly during the nineties. In view of the East Asian financial crisis and the Latin American experience, which type of inflow is considered safest for the host country?

In terms of value,

which one of the following commodities accounted for the largest agricultural exports by India during the three-year period from 1997-1998 to 1999-2000?

A Five Year Plan in India is finally approved by the

Among the following major stock exchanges of India, which one recorded the highest turnover during the year 2001-02?

With reference to the public Sector Undertaking in India, consider the following statements:

1. Minerals and Metals Trading Corporation of India Limited is the largest non-oil importer of the country.
2. Project and Equipment Corporation of India Limited is under the Ministry of Industry.
3. One of the objectives of Export Credit Guarantee Corporation of India Limited is to enforce quality control and compulsory pre-shipment inspection of various exportable commodities

Which of these statements is/are correct?

With reference to the Indian Public Finance consider the following statements:

1. External liabilities reported in Union Budget are based on historical exchange rates.
2. The continued high borrowing has kept the real interest rates high in the economy.
3. The upward trend in the ratio of Fiscal Deficit to GDP in recent years has an adverse effect to private investments.
4. Interest payments is the single largest component of the non-plan revenue expenditure of the Union Government.

Which of these statements are correct?

Which reference to the government’s welfare schemes, consider the following statements:

1. Under the Antyodaya Anna Yojana, the food grains are available to the poorest of the poor families at Rs 2 per kg for wheat and Rs 3 per kg for rice.
2. Under the National Old Age Pension Scheme, the old and destitute are provided Rs 75 per month as Central pension, in addition to the amount provided by most State Governments.
3. Government of India has allocated 25 kg food grains per Below Poverty Line family per month, at less than half the economic cost.

Which of these statements are correct?

Consider the following statements:

1. NTPC is the largest power utility in India.
2. ONGC accounts for half of the LPG production in India.
3. Indian Oil Corporation operates all the oil refineries in India.
4. The Indian Ordinance Factory is the largest departmentally run industrial undertaking in the country.

Which of these statements is/are correct?

Consider the following:

1. Currency with the public
2. Demand deposits with banks
3. Time deposits with banks

Which of these are included in Broad Money (M3) in India?

Consider the following financial institutions of India:

1. Industrial Finance Corporation of India (IFCI)
2. Industrial Credit and Investment Corporation of India (ICICI)
3. Industrial Development Bank of India (IDBI)
4. National Bank for Agriculture and Rural Development (NABARD) The correct chronological sequence of the establishment of these institutions is

With reference to power sector in India consider the following statements:

1. Rural electrification has been treated as a Basic Minimum Service under the Prime Minister’s Gramodaya Yojana.
2. 100 per cent Foreign Direct Investment in power is allowed without upper limit
3. The Union Ministry of Power has signed a Memoranda of Understanding with 14 states.

Which of these statements is/are correct?

A country is said to be in debt trap if

Consider the following statements: Full convertibility of the rupee may mean

1. Its free float with other international currencies.
2. Its direct exchange with any other international currency at any prescribed place inside and outside the country.
3. It acts just like any other international currency.

Which of these statements are correct?