UPSC 2009 › Indian Economy

19 questions · 2009 · answers as per the UPSC key

Take test Free
Topics: Infrastructure & Industry (7)Banking & Financial Sector (2)Economic Planning & Five-Year Plans (2)Financial Markets & Capital Markets (2)Human Development, Poverty & Employment Schemes (2)International Institutions & Reports (2)Agriculture & Rural Development (1)Taxation (1)

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

  1. Gujarat Heavy Chemicals Ltd.
  2. Raymond Ltd.
  3. Vedanta Resources
  4. Videocon Group

List I (Person) A. Anil Agarwal B. Gautam H. Singhania C. Sanjay Dalmia D. Venugopal Dhoot

List II (Organization)

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

Consider the following statements:

  1. MMTC Limited is India's largest international trading organisation.
  2. Neelachal Ispat Nigam Limited has been set up by MMTC jointly with the Government of Orissa.

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

In which one of the following States has India's largest private sector sea port been commissioned recently?

(a) Andhra Pradesh
(b) Karnataka
(c) Kerala
(d) Tamil Nadu
Show answer
Answer: (a) Andhra Pradesh

Which one of the following pairs is not correctly matched?

(a) Japan : Nikkei
(b) Singapore : Shcomp
(c) UK : FTSE
(d) USA : Nasdaq
Show answer
Answer: (b) Singapore : Shcomp

Consider the following statements:

  1. The Commission for Agricultural Costs and Prices recommends the Minimum Support Prices for 32 crops.
  2. The Union Ministry of Consumer Affairs, Food and Public Distribution has launched the National Food Security Mission.

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: (d) Neither 1 nor 2

Among other things,

which one of the following was the purpose for which the Deepak Parekh Committee was constituted?

(a) To study the current socio-economic conditions of certain minority communities
(b) To suggest measures for financing the development of infrastructure
(c) To frame a policy on the production of genetically modified organisms
(d) To suggest measures to reduce the fiscal deficit in the Union Budget
Show answer
Answer: (b) To suggest measures for financing the development of infrastructure

With

which one of the following has the B. K. Chaturvedi Committee dealt?

(a) Review of Centre-State relations
(b) Review of Delimitation Act
(c) Tax reforms and measures to increase revenues
(d) Price reforms in the oil sector
Show answer
Answer: (d) Price reforms in the oil sector

With reference to the schemes launched by the Union Government, consider the following statements:

  1. Ministry of Health and Family Welfare launched the Rashtriya Swasthya Bima Yojana.
  2. Ministry of Textiles launched the Rajiv Gandhi Shilpi Swasthya Bima Yojana.

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: (b) 2 only

Consider the following pairs : Large Bank

  1. ABN Amro Bank : USA
  2. Barclays Bank : UK
  3. Kookmin Bank : Japan

Country of origin

Which of the above pairs is/are correctly matched ?

(a) 1 only
(b) 2 only
(c) 1 and 2
(d) 2 and 3
Show answer
Answer: (b) 2 only

Which one of the following brings out the publication called "Energy Statistics" from time to time ?

(a) Central Power Research Institute
(b) Planning Commission
(c) Power Finance Corporation Ltd.
(d) Central Statistical Organization
Show answer
Answer: (d) Central Statistical Organization
UPSC 2009 · Q49 · Indian Economy › Taxation · Save

Consider the following :

  1. Fringe Benefit Tax
  2. Interest Tax
  3. Securities Transaction Tax

Which of the above is/are Direct Tax/Taxes ?

(a) 1 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Show answer
Answer: (d) 1, 2 and 3

During which Five Year Plan was the Emergency clamped, new elections took place and the Janata Party was elected ?

(a) Third
(b) Fourth
(c) Fifth
(d) Sixth
Show answer
Answer: (c) Fifth

Consider the following statements :

  1. Infant mortality rate takes into account the death of infants within a month after birth.
  2. Infant mortality rate is the number of infant deaths in a particular year, per 100 live births during that year.

Which of the above statements is/are correct ?

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

Consider the following statements :

  1. The first telegraph line in India was laid between Kolkata (formerly Calcutta) and Diamond Harbour.
  2. The first Export Processing Zone in India was set up in Kandla.

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

Consider the following statements regarding Indian Planning :

  1. The Second Five-Year Plan emphasised on the establishment of heavy industries.
  2. The Third Five-Year Plan introduced the concept of import substitution as a strategy for industrialisation.

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

Consider the following pairs :

  1. Ashok Leyland : Hinduja Group
  2. Hindalco Industries : A.V. Birla Group
  3. Suzlon Energy : Punj Lloyd Group

Which of the pairs given above is/are correctly matched ?

(a) 1 and 2 only
(b) 2 only
(c) 1 and 3 only
(d) 1, 2 and 3
Show answer
Answer: (a) 1 and 2 only

In the context of global economy,

which one of the following pairs is not correctly matched ?

(a) JP Morgan Chase : Financial Services
(b) Roche Holding AG : Financial Services
(c) WL Ross & Co. : Private Equity Firm
(d) Warburg Pincus : Private Equity Firm
Show answer
Answer: (b) Roche Holding AG : Financial Services

In the context of independent India's economy, which one of the following was the earliest event to take place ?

(a) Nationalisation of Insurance companies
(b) Nationalisation of State Bank of India
(c) Enactment of Banking Regulation Act
(d) Introduction of First Five-Year Plan
Show answer
Answer: (c) Enactment of Banking Regulation Act

In the context of Indian news in recent times, what is MCX-SX ?

(a) A kind of supercomputer
(b) Title of Moon Impact Probe
(c) Stock exchange
(d) Nuclear-powered submarine
Show answer
Answer: (c) Stock exchange