Indian Economy – UPSC Prelims PYQs

Which one of the following regions of the world supplies the maximum of our imported commodities (in terms of rupee value)?

Consider the following statements: The price of any currency in the international market is decided by the I. World Bank II. Demand for goods/services provided by the country concerned III. Stability of the government of the concerned country IV. Economic potential of the country in question Of these statements:

A consumer is said to be in equilibrium, if

The supply-side economics lays greater emphasis on the point of view of the

Human Poverty Index was introduced in the Human Development Report of the year

Which of the following pairs are correctly matched? I. Dow Jones : New York II. Hang Seng : Seoul III. FTSE-100 : London

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The economist who was associated with the WTO draft document is

The number of economically active women (excluding students and those doing domestic duties in their homes) as a percentage of all women of working age (generally those aged 15-64 years) was the highest in 1996 in

According to the World Development Report, low-income economies are those for which the per capita GNP in 1994 was

The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called

The accounting year of the Reserve Bank of India is

Which one of the following is the correct sequence of decreasing order of the given currencies in terms of their value in Indian Rupees?

Capital Account Convertibility of the Indian Rupee implies

Economic Survey in India is published officially, every year by the

The current price index (base 1960) is nearly 330. This means that

The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of

The number of industries for which industrial licensing is required has now been reduced to

The sum

of which of the following constitutes Broad Money in India? I. Currency with the Public II. Demand deposits with banks III. Time deposits with banks IV. Other deposits with RBI

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Match List I with List II

and select the correct answer by using the codes given below the lists:

List I (Committees) I. Disinvestment of shares in Public Sector Enterprises II. Industrial Sickness III. Tax Reforms IV. Reforms in Insurance Sector

List II (Chaired by) A) Rajah Chelliah B) Onkar Goswami C) R. N. Malhotra D) C. Rangarajan

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One of the important agreements reached in the 1996 Ministerial Conference of WTO relates to

Human Development Index comprises literacy rates, life expectancy at birth and

Match List I with List II

and select the correct answer by using the codes given below the lists:

List I (Commodities exported from India) — List II (Countries of destination) I. Iron-ore — A) Russia II. Leather goods — B) USA III. Tea — C) Japan IV. Cotton fabrics — D) UK E) Canada

In India, inflation is measured by the

The Sixth and the Eighth Five-Year Plans covered the period 1980-85 and 1992-97 respectively. The Seventh Five-Year Plan covered the period

Match List I with List II

and select the correct answer by using the codes given below the lists:

List I I. Rashtriya Mahila Kosh II. Mahila Samriddhi Yojana III. Indira Mahila Yojana IV. Mahila Samakhya Programme

List II A) Empowerment of women B) Education for Women’s Equality C) Promotion of savings among rural women D) Meeting credit needs of the poor women

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Schemes of (i) Urban Micro Enterprises, (ii) Urban Wage Employment, and (iii) Housing and Shelter Upgradation are parts of

Assertion (A): The emergence of economic globalism does not imply the decline of socialist ideology.

Reason (R): The ideology of Socialism believes in universalism and globalism. In the context of the above two statements, which one of the following is correct?

The contribution of India’s small-scale sector to the gross turnover in the manufacturing sector since 1992 has been of the order of

Which of the following come under Non-plan expenditure? I. Subsidies II. Interest payments III. Defence expenditure IV. Maintenance expenditure for the infrastructure created in the previous plans

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National Income is the

The Minimum Alternative Tax (MAT) was introduced in the Budget of the Government of India for the year

A redistribution of income in a country can be best brought about through

The following Table shows the percentage distribution of revenue expenditure of Government of India in 1989-90 and 1994-95: (Heads: Defence, Interest Payments, Subsidies, Grants to States/UTs Other) Based on this table, it can be said that the Indian economy is in poor shape because the Central Government continues to be under pressure to

Which one of the following is correct regarding stabilization and structural adjustment as two components of the new economic policy adopted in India?

Assertion (A): An important policy instrument of economic liberalization is reduction in import duties on capital goods.

Reason (R): Reduction in import duties would help the local entrepreneurs to improve technology to face the global markets. In the context of the above two statements, which one of the following is correct?

One of the important goals of the economic liberalisation policy is to achieve full convertibility of the Indian rupee. This is being advocated because

The emerging trading blocs in the world, such as NAFTA, ASEAN and the like, are expected to

Which of the following were the aims behind the setting up of the World Trade Organization (WTO)? I. Promotion of free trade and resource flows across countries. II. Protection of intellectual property rights. III. Managing balanced trade between different countries. IV. Promotion of trade between the former East Bloc countries and the western world.

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Hawala transactions relate to payments

The Eighth Five-Year Plan is different from the earlier ones. The critical difference lies in the fact that

In India, rural incomes are generally lower than the urban incomes.

Which of the following reasons account for this? I. A large number of farmers are illiterate and know little about scientific agriculture. II. Prices of primary products are lower than those of manufactured products. III. Investment in agriculture has been low when compared to investment in industry.

Assertion (A): Though India’s national income has gone up several fold since 1947, there has been no marked improvement in the per capita income level.

Reason (R): Sizeable proportion of the population of India is still living below the poverty line. In the context of the above two statements which one of the following is correct?

Which one of the following sets of commodities are exported to India by arid and semi-arid countries in the Middle East?

Consider the following statements: Most international agencies which fund development programmes in India on inter-governmental bilateral agreements mainly provide I. Technical assistance. II. Soft loans which are required to be paid back with interest. III. Grants, not required to be paid back. IV. Food assistance to alleviate poverty. Of these statements —

Consider the following items imported by India: I. Capital goods II. Petroleum III. Pearls and precious stones IV. Chemicals V. Iron and Steel The correct sequence of these items (as per 1994-95 figures) in decreasing order of value is —

The changing composition of the export trade is indicative of structural transformation of Indian economy in favour of modernisation. The best indicator of the trend is the

To prevent recurrence of scams in Indian Capital Market, the Government of India has assigned regulatory powers to

Which one of the following Five-Year Plans recognised human development as the core of all developmental efforts?

Which of the following are the objectives of the Commission for Agricultural Costs and Prices (CACP)? I. To stabilise agricultural prices. II. To ensure meaningful real income levels to the farmers. III. To protect the interest of the consumers by providing essential agricultural commodities at reasonable rates through public distribution system. IV. To ensure maximum price for the farmer.

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As part of the liberalisation programme and with a view to attracting foreign exchange, the Government and the RBI have devised two schemes known as FCNR-‘A’ and FCNR-‘B’.

Which of the following is/are true regarding these two schemes? I. Under scheme ‘A’ RBI bears exchange rate fluctuations. II. Under scheme ‘B’, other banks are to meet out the difference in exchange rate fluctuations. III. Both the schemes stand withdrawn now. IV. Only scheme ‘A’ has been withdrawn.

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