UPSC 2007 › Indian Economy

10 questions · 2007 · answers as per the UPSC key

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Topics: Infrastructure & Industry (3)Banking & Financial Sector (2)External Sector & Balance Of Payments (1)Financial Markets & Capital Markets (1)International Institutions & Reports (1)Monetary Policy & Money Supply (1)National Income & Economic Growth (1)

Match List-I with List-II and select the correct answer using the code given below the lists:

  1. Essar Group
  2. Info Edge India (which runs naukri.com)
  3. Indian Airlines
  4. Suzlon Energy

List-I (Person) A. Vishwapati Trivedi B. Tulsi R. Tanti C. Shashi Ruia D. S. Bikachandani

List-II (Company)

Codes:

(a) A-2 B-4 C-1 D-3
(b) A-3 B-1 C-4 D-2
(c) A-2 B-3 C-4 D-1
(d) A-3 B-4 C-1 D-2
Show answer
Answer: (d) A-3 B-4 C-1 D-2

With reference to the steel industry in India in recent times, consider the following statements:

  1. Vizag Steel Plant (RINL) has been declared a Mini-Ratna.
  2. Merger of IISCO with SAIL has been completed.

Which of the statements given above is/are correct?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Show answer
Answer: (c) Both 1 and 2

Match List-I with List-II and select the correct answer using the code given below the Lists :

  1. Hirakud
  2. Korba
  3. Koraput
  4. Renukoot

List-I (Aluminium Company) A. BALCO B. HINDALCO C. Indian Aluminium Company D. NALCO

List-II (Location)

(a) A-3 B-1 C-4 D-2
(b) A-2 B-4 C-1 D-3
(c) A-3 B-4 C-1 D-2
(d) A-2 B-1 C-4 D-3
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Answer: (b) A-2 B-4 C-1 D-3

Basel II relates

to which one of the following?

(a) International standard for safety in civil aviation
(b) Measure against cyber crimes
(c) Measure against drug abuse by sportspersons
(d) International standards for measuring the adequacy of a bank’s capital
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Answer: (d) International standards for measuring the adequacy of a bank’s capital

Which one of the following is the correct sequence in the decreasing order of contribution of different sectors to the Gross Domestic Product of India?

(a) Service – Industry – Agriculture
(b) Service – Agriculture – Industry
(c) Industry – Service – Agriculture
(d) Industry – Agriculture – Service
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Answer: (a) Service – Industry – Agriculture

Consider the following statements:

  1. The repo rate is the rate at which other banks borrow from the Reserve Bank of India.
  2. A value of 1 for the Gini Coefficient in a country implies that there is perfectly equal income for everyone in its population.

Which of the statements given above is/are correct?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Show answer
Answer: (a) 1 only

The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following?

(a) State Bank of India
(b) Reserve Bank of India
(c) ICICI Bank
(d) Life Insurance Corporation of India
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Answer: (b) Reserve Bank of India

Tarapur Committee was associated with which one of the following?

(a) Special Economic Zones
(b) Fuller capital account convertibility
(c) Foreign exchange reserves
(d) Effect of oil prices on the Indian economy
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Answer: (b) Fuller capital account convertibility

Who among the following served as the Chief Economist of the International Monetary Fund?

(a) Ashok Lahiri
(b) Sumantra Ghosal
(c) Saumitra Chaudhuri
(d) Raghuram Rajan
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Answer: (d) Raghuram Rajan

Participatory Notes (PNs) are associated with which one of the following?

(a) Consolidated Fund of India
(b) Foreign Institutional Investors
(c) United Nations Development Programme
(d) Kyoto Protocol
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Answer: (b) Foreign Institutional Investors