UPSC 2006 › Indian Economy

Assertion (A): ‘Balance of Payments’ represents a better picture of a country’s economic transactions with the rest of the world than the ‘Balance of Trade’.

Reason (R): ‘Balance of Payments’ takes into account the exchanges of both visible and invisible items whereas ‘Balance of Trade’ does not.

Consider the following statements in respect of welfare schemes launched by the Ministry of Rural Development, Government of India:

1. Drinking water for rural areas is one of the components of the Bharat Nirman Plan.
2. In the National Rural Employment Guarantee Act, 2005 there is a provision that the statutory minimum wage applicable to agriculture workers in the State has to be paid to the workers under the Act.

Which of the statements given above is/are correct?

Which one of the following statements is correct? Fiscal Responsibility and Budget Management Act (FRBMA) concerns

What is IndoNext which was launched in January, 2005?

Which one of the following Indian banks is not a nationalized bank?

Consider the following statements:

1. In India, during the financial year 2004-2005 an increase of below 10 % over the value of exports (in rupee terms) in the financial year 2003-2004 was reported.
2. According to the WTO, India’s share in the world merchandise exports is 2 % in the year 2005.

Which of the statements given above is/are correct?

Consider the following statements:

1. The agreement on South Asian Free Trade Area (SAFTA) came into effect from 1st December 2005.
2. As per SAFTA agreement terms, India, Pakistan and Sri Lanka have to decrease their custom duties to the level of 0 % to 5 % by the year 2013.

Which of the statements given above is/are correct?

Consider the following statements:

1. Appellate Tribunal for Electricity has been established by each State Government in India.
2. One of the components of the Accelerated Power Development and Reforms Programme (APDRP) is upgradation of sub-transmission and distribution system for electricity in India.

Which of the statements given above is/are correct?

Consider the following statements in respect of the National Rural Employment Guarantee Act, 2005 :

1. Under the provisions of the Act, 100 days of employment in a year to every household whose adult members volunteer to do unskilled manual work has become a fundamental right.
2. Under the provisions of the Act, women are to get priority to the extent that one-half of persons who are given employment are women who have asked for work.

Which of the statements given above is/are correct?

Consider the following statements:

1. Life Insurance Corporation of India is the oldest insurance company in India.
2. National Insurance Company Limited was nationalized in the year 1972 and made a subsidiary of General Insurance Corporation of India.
3. Headquarters of United India Insurance Company Limited are located at Chennai.

Which of the statements given above are correct?

Which one of the following pairs is not correctly matched? Railway Zone — Headquarters

Which one of the following is the correct statement? Service tax is a/an

Projects and Development India Limited is mainly engaged in design engineering, procurement and supervision of construction/commissioning in which area?