Indian Economy PYQs

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1. Prelims 2010Q29Financial Markets & Institutions

   In the parlance of financial investments, the term ‘bear’ denotes

   aAn investor who feels that the price of a particular security is going to fallbAn investor who expects the price of particular shares to risecA shareholder or a bondholder who has an interest in a company, financial or otherwisedAny lender whether by making a loan or buying a bond
2. Prelims 2010Q30External Sector: BoP, FDI & Exchange Rate

   A great deal of Foreign Direct Investment (FDI) to India comes from Mauritius than from many major and mature economies like UK and France. Why?

   aIndia has preference for certain countries as regards receiving FDIbIndia has double taxation avoidance agreement with MauritiuscMost citizens of Mauritius have ethnic identity with India and so they feel secure to invest in IndiadImpending dangers of global climatic change prompt Mauritius to make huge investments in India
3. Prelims 2010Q41International Organisations & Reports

   Consider the following countries:

   1.Brazil

   2.Mexico

   3.South Africa According to UNCTAD, which of the above is/are categorized as “Emerging Economies”?

   a1 onlyb1 and 3 onlyc2 and 3 onlyd1, 2 and 3
4. Prelims 2010Q43National Income & Growth

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

   Term – Most appropriate description

   1.Melt down – Fall in stock prices

   2.Recession – Fall in growth rate

   3.Slow down – Fall in GDP

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

   a1 onlyb2 and 3 onlyc1 and 3 onlyd1, 2 and 3
5. Prelims 2010Q45External Sector: BoP, FDI & Exchange Rate

   Which of the following is/are treated as artificial currency?

   aADRbGDRcSDRdBoth ADR and SDR
6. Prelims 2010Q46International Organisations & Reports

   Stiglitz Commission established by the President of the United Nations General Assembly was in the international news. The commission was supposed to deal with

   aThe challenges posed by the impending global climate change and prepare a road mapbThe workings of the global financial systems and to explore ways and means to secure a more sustainable global ordercGlobal terrorism and prepare a global action plan for the mitigation of terrorismdExpansion of the United Nations Security Council in the present global scenario
7. Prelims 2010Q48International Trade & WTO

   As regards the use of international food safety standards as reference point for the dispute settlements, which one of the following does WTO collaborate with?

   aCodex Alimentarius CommissionbInternational Federation of Standards UserscInternational Organization for StandardizationdWorld Standards Cooperation
8. Prelims 2010Q49Agriculture & Food Security

   An objective of the National Food Security Mission is to increase the production of certain crops through area expansion and productivity enhancement in a sustainable manner in the identified districts of the country. What are those crops?

   aRice and wheat onlybRice, wheat and pulses onlycRice, wheat, pulses and oilseeds onlydRice, wheat, pulses, oilseeds and vegetables
9. Prelims 2010Q50Money & Banking

   In India, the interest rate on savings accounts in all the nationalized commercial banks is fixed by

   aUnion Ministry of FinancebUnion Finance CommissioncIndian Banks’ AssociationdNone of the above
10. Prelims 2010Q67Fiscal Policy & BudgetAnswer disputed

    In the context of governance, consider the following :

    1.Encouraging Foreign Direct Investment inflows

    2.Privatization of higher educational Institutions

    3.Down-sizing of bureaucracy

    4.Selling/off-loading the shares of Public Sector Undertakings

    Which of the above can be used as measures to control the fiscal deficit in India ?

    a1, 2 and 3b2, 3 and 4c1, 2 and 4d3 and 4 only
11. Prelims 2010Q68International Organisations & Reports

    As per the UN-Habitat's Global Report on Human Settlements 2009, which one among the following regions has shown the fastest growth rate of urbanization in the last three decades?

    aAsiabEuropecLatin America and CaribbeandNorth America
12. Prelims 2010Q70Planning & NITI Aayog

    Inclusive growth as enunciated in the Eleventh Five Year Plan does NOT include one of the following:

    aReduction of povertybExtension of employment opportunitiescStrengthening of capital marketdReduction of gender inequality
13. Prelims 2010Q77Fiscal Policy & Budget

    Which one of the following is responsible for the preparation and presentation of Union Budget to the Parliament?

    aDepartment of RevenuebDepartment of Economic AffairscDepartment of Financial ServicesdDepartment of Expenditure
14. Prelims 2010Q79Fiscal Policy & Budget

    Consider the following actions by the Government:

    1.Cutting the tax rates

    2.Increasing the government spending

    3.Abolishing the subsidies In the context of economic recession, which of the above actions can be considered a part of the "fiscal stimulus" package?

    a1 and 2 onlyb2 onlyc1 and 3 onlyd1, 2 and 3
15. Prelims 2010Q81Money & Banking

    When the Reserve Bank of India announces an increase of the Cash Reserve Ratio, what does it mean?

    aThe commercial banks will have less money to lendbThe Reserve Bank of India will have less money to lendcThe Union Government will have less money to lenddThe commercial banks will have more money to lend
16. Prelims 2010Q86Inflation

    With reference to India, consider the following statements:

    1.The Wholesale Price Index (WPI) in India is available on a monthly basis only.

    2.As compared to Consumer Price Index for Industrial Workers (CPI(IW)), the WPI gives less weight to food articles.

    Which of the statements given above is/are correct?

    a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
17. Prelims 2010Q98Planning & NITI Aayog

    In the context of India’s Five Year Plans, a shift in the pattern of industrialization, with lower emphasis on heavy industries and more on infrastructure begins in

    aFourth PlanbSixth PlancEighth PlandTenth Plan
18. Prelims 2010Q134Industry & Infrastructure

    With reference to the National Investment Fund to which the disinvestment proceeds are routed, consider the following statements :

    1.The assets in the National Investment Fund are managed by the Union Ministry of Finance.

    2.The National Investment Fund is to be maintained within the Consolidated Fund of India.

    3.Certain Asset Management Companies are appointed as the fund managers.

    4.A certain proportion of annual income is used for financing select social sectors.

    Which of the statements given above is/are correct ?

    a1 and 2b2 onlyc3 and 4d3 only
19. Prelims 2010Q135Financial Markets & Institutions

    In India, which of the following is regulated by the Forward Markets Commission ?

    aCurrency Futures TradingbCommodities Futures TradingcEquity Futures TradingdBoth Commodities Futures and Financial Futures Trading
20. Prelims 2010Q136Industry & Infrastructure

    Which one of the following is not a feature of Limited Liability Partnership firm ?

    aPartners should be less than 20bPartnership and management need not be separatecInternal governance may be decided by mutual agreement among partnersdIt is corporate body with perpetual succession