UPSC 2011 › Indian Economy

India has experienced persistent and high food inflation in the recent past. What could be the reasons?

1. Due to a gradual switchover to the cultivation of commercial crops, the area under the cultivation of food grains has steadily decreased in the last five years by about 30%.
2. As a consequence of increasing incomes, the consumption patterns of the people have undergone a significant change.
3. The food supply chain has structural constraints.

Which of the statements given above are correct?

In terms of economy, the visit by foreign nationals to witness the XIX Commonwealth Games in India amounted to

Which one of the following statements appropriately describes the “fiscal stimulus”?

Consider the following actions which the Government can take:

1. Devaluing the domestic currency.
2. Reduction in the export subsidy.
3. Adopting suitable policies which attract greater FDI and more funds from FIIs.

Which of the above actions can help in reducing the current account deficit?

A rapid increase in the rate of inflation is sometimes attributed to the "base effect". What is "base effect" ?

Which one of the following is not a feature of “Value Added Tax”?

“A closed economy” is an economy in which

Both Foreign Direct Investment (FDI) and Foreign Institutional Investor (FII) are related to investment in a country.

Which one of the following statements best represents an important difference between the two?

With reference to "Aam Aadmi Bima Yojana", consider the following statements:

1. The member insured under the scheme must be the head of the family or an earning member of the family in a rural landless household.
2. The member insured must be in the age group of 30 to 65 years.
3. There is a provision for free scholarship for up to two children of the insured who are studying between classes 9 and 12.

Which of the statements given above is/are correct?

In the context of global oil prices, "Brent crude oil" is frequently referred to in the news. What does this term imply?

1. It is a major classification of crude oil.
2. It is sourced from North Sea.
3. It does not contain sulphur.

Which of the statements given above is/are correct?

With what purpose is the Government of India promoting the concept of "Mega Food Parks"?

1. To provide good infrastructure facilities for the food processing industry.
2. To increase the processing of perishable items and reduce wastage.
3. To provide emerging and eco-friendly food processing technologies to entrepreneurs.

Select the correct answer using the codes given below:

Microfinance is the provision of financial services to people of low-income groups. This includes both the consumers and the self-employed. The service/services rendered under microfinance is/are:

1. Credit facilities
2. Savings facilities
3. Insurance facilities
4. Fund Transfer facilities

Select the correct answer using the codes given below the lists:

Among the following who are eligible to benefit from the “Mahatma Gandhi National Rural Employment Guarantee Act”?

With reference to the period of colonial rule in India, "Home Charges" formed an important part of drain of wealth from India. Which of the following funds constituted "Home Charges"?

1. Funds used to support the India Office in London.
2. Funds used to pay salaries and pensions of British personnel engaged in India.
3. Funds used for waging wars outside India by the British.

Select the correct answer using the codes given below:

What is the difference between "vote-on-account" and "interim budget"?

1. The provision of a "vote-on-account" is used by a regular Government, while an "interim budget" is a provision used by a caretaker Government.
2. A "vote-on-account" only deals with the expenditure in Government's budget, while an "interim budget" includes both expenditure and receipts.

Which of the statements given above is/are correct?

Regarding the International Monetary Fund, which one of the following statements is correct?

Why is the offering of "teaser loans" by commercial banks a cause of economic concern?

1. The teaser loans are considered to be an aspect of sub-prime lending and banks may be exposed to the risk of defaulters in future.
2. In India, the teaser loans are mostly given to inexperienced entrepreneurs to set up manufacturing or export units.

Which of the statements given above is/are correct?

In the context of Indian economy, consider the following statements:

1. The growth rate of GDP has steadily increased in the last five years.
2. The growth rate in per capita income has steadily increased in the last five years.

Which of the statements given above is/are correct?

In India,

which of the following have the highest share in the disbursement of credit to agriculture and allied activities?

Which of the following can aid in furthering the Government's objective of inclusive growth?

1. Promoting Self-Help Groups
2. Promoting Micro, Small and Medium Enterprises
3. Implementing the Right to Education Act

Select the correct answer using the codes given below :

Why is the Government of India disinvesting its equity in the Central Public Sector Enterprises (CPSEs)?

1. The Government intends to use the revenue earned from the disinvestment mainly to pay back the external debt.
2. The Government no longer intends to retain the management control of the CPSEs.

Which of the statements given above is/are correct?

Economic growth is usually coupled with

The lowering of Bank Rate by the Reserve Bank of India leads to