Indian Economy PYQs

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1. Prelims 2011Q35Agriculture & Food Security

   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:

   a1 onlyb1 and 2 onlyc2 and 3 onlyd1, 2 and 3
2. Prelims 2011Q37Fiscal Policy & Budget

   All revenues received by the Union Government by way of taxes and other receipts for the conduct of Government business are credited to the

   aContingency Fund of IndiabPublic AccountcConsolidated Fund of IndiadDeposits and Advances Fund
3. Prelims 2011Q38Money & Banking

   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:

   a1 onlyb1 and 4 onlyc2 and 3 onlyd1, 2, 3 and 4
4. Prelims 2011Q41Poverty, Unemployment & Social Sector

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

   aAdult members of only the scheduled caste and scheduled tribe householdsbAdult members of below poverty line (BPL) householdscAdult members of households of all backward communitiesdAdult members of any household
5. Prelims 2011Q74Fiscal Policy & Budget

   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?

   a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
6. Prelims 2011Q75International Organisations & Reports

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

   aIt can grant loans to any countrybIt can grant loans to only developed countriescIt grants loans to only member countriesdIt can grant loans to the central bank of a country
7. Prelims 2011Q80Money & Banking

   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?

   a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
8. Prelims 2011Q82National Income & Growth

   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?

   a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
9. Prelims 2011Q83Agriculture & Food Security

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

   aCommercial BanksbCooperative BankscRegional Rural BanksdMicrofinance Institutions
10. Prelims 2011Q84Poverty, Unemployment & Social Sector

    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 :

    a1 onlyb1 and 2 onlyc2 and 3 onlyd1, 2 and 3
11. Prelims 2011Q85Industry & Infrastructure

    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?

    a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
12. Prelims 2011Q87Inflation

    Economic growth is usually coupled with

    aDeflationbInflationcStagflationdHyperinflation
13. Prelims 2011Q88Money & Banking

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

    aMore liquidity in the marketbLess liquidity in the marketcNo change in the liquidity in the marketdMobilization of more deposits by commercial banks
14. Prelims 2010Q15International Trade & WTO

    In the context of the affairs of which of the following is the phrase “Special Safeguard Mechanisms” mentioned in the news frequently ?

    aUnited Nations Environment ProgrammebWorld Trade OrganisationcASEAN-India Free Trade AgreementdG-20 Summits
15. Prelims 2010Q16Money & Banking

    Which of the following terms indicates a mechanism used by commercial banks for providing credit to the government ?

    aCash Credit RatiobDebt Service ObligationcLiquidity Adjustment FacilitydStatutory Liquidity Ratio
16. Prelims 2010Q17International Trade & WTO

    In order to comply with TRIPS Agreement, India enacted the Geographical Indications of Goods (Registration & Protection) Act, 1999. The difference/differences between a “Trade Mark” and a Geographical Indication is/are

    1.A Trade Mark is an individual or a company’s right whereas a Geographical Indication is a community’s right.

    2.A Trade Mark can be licensed whereas a Geographical Indication cannot be licensed.

    3.A Trade Mark is assigned to the manufactured goods whereas the Geographical Indication is assigned to the agricultural goods/products and handicrafts only.

    Which of the statements given above is/are correct ?

    a1 onlyb1 and 2 onlyc2 and 3 onlyd1, 2 and 3
17. Prelims 2010Q18International Trade & WTO

    The SEZ Act, 2005 which came into effect in February 2006 has certain objectives. In this context, consider the following :

    1.Development of infrastructure facilities.

    2.Promotion of investment from foreign sources.

    3.Promotion of exports of services only.

    Which of the above are the objectives of this Act ?

    a1 and 2 onlyb3 onlyc2 and 3 onlyd1, 2 and 3
18. Prelims 2010Q19Inflation

    Which one of the following statements is an appropriate description of deflation ?

    aIt is a sudden fall in the value of a currency against other currenciesbIt is a persistent recession in both the financial and real sectors of economycIt is a persistent fall in the general price level of goods and servicesdIt is a fall in the rate of inflation over a period of time
19. Prelims 2010Q25Money & Banking

    With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements:

    1.They cannot engage in the acquisition of securities issued by the government.

    2.They cannot accept demand deposits like Savings Account.

    Which of the statements given above is/are correct?

    a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
20. Prelims 2010Q26Fiscal Policy & Budget

    Which one of the following was NOT stipulated in the Fiscal Responsibility and Budget Management Act, 2003?

    aElimination of revenue deficit by the end of the fiscal year 2007-08bNon-borrowing by the Central Government from Reserve Bank of India except under certain circumstancescElimination of primary deficit by the end of the fiscal year 2008-09dFixing government guarantees in any financial year as a percentage of GDP