Indian Economy – UPSC Prelims PYQs

Consider the following schemes launched by the Union Government: I. Antyodaya Anna II. Gram Sadak Yojana III. Sarvapriya IV. Jawahar Gram Samriddhi Yojana.

Which of these were announced in the year 2000?

Consider the following factors regarding an industry: I. Capital investments II. Business turnover III. Labour force IV. Power consumption

Which of these determine the nature and size of the industry?

The most appropriate measure of a country’s economic growth is its

Match List I with List II

and select the correct answer using the codes given below the Lists:

List I (Term) I. Fiscal deficit II. Budget deficit III. Revenue deficit IV. Primary deficit

List II (Explanation) A) Excess of Total Expenditure over Total Receipts B) Excess of Revenue Expenditure over Revenue Receipts C) Excess of Total Expenditure over Total Receipts less borrowings D) Excess of Total Expenditure over Total Receipts less borrowings and Interest Payments

Consider the following organisations:

I. International Bank for Reconstruction and Development II. International Finance Corporation III. International Fund for Agricultural Development IV. International Monetary Fund

Which of these are agencies of the United Nations?

The Union Budget, 2000 awarded a Tax Holiday for the North-eastern Region to promote industrialisation for

Consider the following taxes: I. Corporation tax II. Customs duty III. Wealth tax IV. Excise duty

Which of these is/are indirect taxes?

The largest share of Foreign Direct Investment (1997-2000) went to

Match List I with List II

and select the correct answer using the codes given below the Lists:

List I (Publisher) I. Ministry of Industry II. Central Statistical Organisation III. Reserve Bank of India IV. Ministry of Finance

List II (Publication) A) Report on Currency and Finance B) Economic Survey C) Wholesale Price Index D) National Accounts Statistics

The earlier name of WTO was

The following table shows the percentage change in the consumption of electricity by five towns P, Q, R, S, T from 1986 to 1988: Town Per cent change from 1986 to 1987 From 1987 to 1988 P +8 −18 Q +15 −11 R +6 +9 S −7 −5 T +13 −6 If town T consumed 500,000 units in 1986, how much did it consume in 1988?

Match List I with List II

and select the correct answer using the codes given below the Lists:

List I I. Development Programme II. National Council of Applied Economic Research III. Indira Gandhi Institute of Development Research IV. World Bank

List II A) UN India Human Development Report B) India Development Report C) World Development Report D) Human Development Report

Codes:

“...instil into the vast millions of workers, men and women, who actually do the job, a sense of partnership and of cooperative performance....” The above passage relates to

The Standing Committee of State Finance Ministers recommended in January 2000 uniform rates across the States in respect of

Indian Human Development Report does not give for each sample village

Economic liberalisation in India started with

Gilt-edged market means

The Swarna Jayanti Shahari Rozgar Yojana which came into operation from 1 December 1997 aims to provide gainful employment to the urban unemployed or underemployed poor but does not include

Consider the following statements: The Indian rupee is fully convertible

I. In respect of Current Account of Balance of Payment. II. In respect of Capital Account of Balance of Payment. III. Into gold.

Which of these statements is/are correct?

Resurgent India Bonds were issued in US Dollar, Pound Sterling and

Consider the following statements: The Ministerial Meeting of the WTO held in December 1999 was unsuccessful because it attempted to link trade with

1. Labour related issues.
2. Environment related issues.
3. Terrorism related issues.
4. Debt related issues.

Which of these statements are correct?

The growth rate of per capita income at current prices is higher than that of per capita income at constant prices, because the latter takes into account the rate of

The first Indian State to have its Human Development Report prepared and released by Amartya Kumar Sen in Delhi is

A rise in ‘SENSEX’ means

The new Gross Domestic Product (GDP) series released by the Central Statistical Organisation (CSO) in February 1999 is with reference to base price of

Match List I with List II

and select the correct answer using the codes given below the Lists:

List I (Industrial Unit) I. Atlas Cycle Company Ltd. II. Bharat Earth Movers Ltd. III. Indian Farmers Fertilisers Cooperative Ltd. IV. National Aluminium Company Ltd.

List II (Centre) A) Bangalore B) Bhubaneswar C) Kalol D) Sonepat

Codes:

Match List I with List II

and select the correct answer using the codes given below the Lists:

List I I. Boom II. Recession III. Depression IV. Recovery

List II A) Business activity at high level with increasing income, output and employment at macro level B) Gradual fall of income, output and employment with business activity in a low gear C) Unprecedented level of under employment and unemployment, drastic fall in income, output and employment D) Steady rise in the general level of prices, income, output and employment

Codes:

Which one of the following statements is false?

The best performance in terms of Human Development among the Asian countries is by

Which one of the following countries occupies the first place in the “Global Competitive Report” of World Economic Forum?

Assertion (A): The rate of growth of India’s exports has shown an appreciable increase after 1991.

Reason (R): The Government of India has resorted to devaluation.

In an open economy, the national income (Y) of the economy is: (C, I, G, X, M stand for Consumption, Investment, Government Expenditure, total exports and total imports respectively.)

From the balance sheet of a company, it is possible to

Persons below the poverty line in India are classified as such based on whether

Consider the following statements:

1. There is persistent investment over time only in select locales.
2. Some areas are agro-climatically less conducive to development.
3. Some areas continue to face little or no agrarian transformation and the consequent lack of social and economic opportunities.
4. Some areas have faced continuous political instability.

Regional disparities in India are high and have been rising in recent years because

Which of the above statements are correct?

Consider the following statements: Industrial development in India, to an extent, is constrained by I. Lack of adequate entrepreneurship and leadership in business. II. Lack of savings to invest. III. Lack of technology, skills and infrastructure. IV. Limited purchasing power among the larger masses.

Which of the above statements are correct?

Among

which one of the following sets of social/religious groups is the extent of poverty the highest, as per Government statistics for the nineties?

Tourism industry in India is quite small compared to many other countries in terms of India’s potential and size.

Which one of the following statements is correct in this regard?

The Employment Assurance Scheme envisages financial assistance to rural areas for guaranteeing employment to at least

The planning process in the industrial sector in India has assumed a relatively less important position in the nineties as compared to that in the earlier period.

Which one of the following is true in this regard?

Consider the following statements: Small-scale industries are, in most cases, not as efficient and competitive as the large-scale ones. Yet the Government provides preferential treatment and reservations in a range of products to the small firms because small-scale industries I. Provide higher employment on a per unit capital deployment basis. II. Promote a regional dispersion of industries and economic activities. III. Have performed better in export of manufactured products than the large-scale ones. IV. Provide jobs to low skill workers, who otherwise may not find employment avenues elsewhere.

Which of the above statements are correct?

The main sources of credit to the farmers include

Trans chart is the

The product life cycle from inception to demise is shown in the graph. Match List I with List II and select the correct answer using the codes given below the Lists:

List I (Stage) I. Product Development II. Maturity III. Growth IV. Introduction

List II (Zone) (1, 2, 3, 4 as marked in the graph) The original graph is not available for this question.

Which one of the following is the objective of National Renewal Fund?

Match List I with List II

and select the correct answer using the codes given below the Lists:

List I I. WTO II. IDA III. IMF IV. IBRD

List II A) Provides loans to address short-term balance of payment problems B) Multi-lateral trade negotiation body C) Sanction of soft loans D) Facilitating lending and borrowings for reconstruction and development

Since 1980, the share of the tertiary sector in the total GDP of India has

Assertion (A): Devaluation of a currency may promote export.

Reason (R): Price of the country's products in the international market may fall due to devaluation.

Assertion (A): Fiscal deficit is greater than budgetary deficit.

Reason (R): Fiscal deficit is the borrowings from the Reserve Bank of India plus other liabilities of the Government to meet its expenditure.

Some time back, the Government of India decided to delicense the ‘white-goods’ industry. ‘White goods’ include