Indian Economy PYQs

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1. Prelims 2007Q106Industry & Infrastructure

   With reference to the steel industry in India in recent times, consider the following statements:

   1.Vizag Steel Plant (RINL) has been declared a Mini-Ratna.

   2.Merger of IISCO with SAIL has been completed.

   Which of the statements given above is/are correct?

   a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
2. Prelims 2007Q113Money & Banking

   Basel II relates to which one of the following?

   aInternational standard for safety in civil aviationbMeasure against cyber crimescMeasure against drug abuse by sportspersonsdInternational standards for measuring the adequacy of a bank’s capital
3. Prelims 2007Q115Industry & Infrastructure

   In which of the following cities is the Global Automotive Research Center being set up?

   aChennaibHyderabadcPunedGurgaon
4. Prelims 2007Q127Financial Markets & Institutions

   The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following?

   aState Bank of IndiabReserve Bank of IndiacICICI BankdLife Insurance Corporation of India
5. Prelims 2006Q2Industry & Infrastructure

   Which one of the following pairs is not correctly matched?

   Well-known Company : Major Area of Work

   aAdobe Systems India : SoftwarebSasken : Communication technologycGenpact : Power generationdSynthite : Export of spices
6. Prelims 2006Q16External Sector: BoP, FDI & Exchange Rate

   Assertion (A): ‘Balance of Payments’ represents a better picture of a country’s economic transactions with the rest of the world than the ‘Balance of Trade’.

   Reason (R): ‘Balance of Payments’ takes into account the exchanges of both visible and invisible items whereas ‘Balance of Trade’ does not.

   aBoth A and R are true and R is the correct explanation of AbBoth A and R are true but R is not a correct explanation of AcA is true but R is falsedA is false but R is true
7. Prelims 2006Q22Poverty, Unemployment & Social Sector

   Consider the following statements in respect of welfare schemes launched by the Ministry of Rural Development, Government of India:

   1.Drinking water for rural areas is one of the components of the Bharat Nirman Plan.

   2.In the National Rural Employment Guarantee Act, 2005 there is a provision that the statutory minimum wage applicable to agriculture workers in the State has to be paid to the workers under the Act.

   Which of the statements given above is/are correct?

   a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
8. Prelims 2006Q24Fiscal Policy & Budget

   Which one of the following statements is correct?

   Fiscal Responsibility and Budget Management Act (FRBMA) concerns

   afiscal deficit onlybrevenue deficit onlycboth fiscal and revenue deficitdneither fiscal deficit nor revenue deficit
9. Prelims 2006Q27Financial Markets & Institutions

   What is IndoNext which was launched in January, 2005?

   aA new scheme to promote Indian tourismbA new scheme to promote export of Indian handicraftscAn association of the Non-Resident Indians to organize Pravasi Bharatiya Divas every year in IndiadAn alternative trading platform being promoted by the Bombay Stock Exchange and Regional Stock Exchanges
10. Prelims 2006Q30Money & Banking

    Which one of the following Indian banks is not a nationalized bank?

    aCorporation BankbDena BankcFederal BankdVijaya Bank
11. Prelims 2006Q42International Trade & WTO

    Consider the following statements:

    1.In India, during the financial year 2004-2005 an increase of below 10 % over the value of exports (in rupee terms) in the financial year 2003-2004 was reported.

    2.According to the WTO, India’s share in the world merchandise exports is 2 % in the year 2005.

    Which of the statements given above is/are correct?

    a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
12. Prelims 2006Q46International Trade & WTOAnswer disputed

    Consider the following statements:

    1.The agreement on South Asian Free Trade Area (SAFTA) came into effect from 1st December 2005.

    2.As per SAFTA agreement terms, India, Pakistan and Sri Lanka have to decrease their custom duties to the level of 0 % to 5 % by the year 2013.

    Which of the statements given above is/are correct?

    a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
13. Prelims 2006Q65Industry & Infrastructure

    Consider the following statements:

    1.Appellate Tribunal for Electricity has been established by each State Government in India.

    2.One of the components of the Accelerated Power Development and Reforms Programme (APDRP) is upgradation of sub-transmission and distribution system for electricity in India.

    Which of the statements given above is/are correct?

    a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
14. Prelims 2006Q73Poverty, Unemployment & Social Sector

    Consider the following statements in respect of the National Rural Employment Guarantee Act, 2005 :

    1.Under the provisions of the Act, 100 days of employment in a year to every household whose adult members volunteer to do unskilled manual work has become a fundamental right.

    2.Under the provisions of the Act, women are to get priority to the extent that one-half of persons who are given employment are women who have asked for work.

    Which of the statements given above is/are correct?

    a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
15. Prelims 2006Q105Financial Markets & Institutions

    Consider the following statements:

    1.Life Insurance Corporation of India is the oldest insurance company in India.

    2.National Insurance Company Limited was nationalized in the year 1972 and made a subsidiary of General Insurance Corporation of India.

    3.Headquarters of United India Insurance Company Limited are located at Chennai.

    Which of the statements given above are correct?

    a1, 2 and 3b1 and 2, onlyc2 and 3, onlyd1 and 3, only
16. Prelims 2006Q107Taxation

    Which one of the following is the correct statement? Service tax is a/an

    adirect tax levied by the Central Governmentbindirect tax levied by the Central Governmentcdirect tax levied by the State Governmentdindirect tax levied by the State Government
17. Prelims 2006Q110Industry & Infrastructure

    Projects and Development India Limited is mainly engaged in design engineering, procurement and supervision of construction/commissioning in which area?

    aPharmaceutical plantsbPetroleum refineries and sugar factoriescShip-building yarddFertilizer and allied chemical plants
18. Prelims 2006Q118Poverty, Unemployment & Social Sector

    With reference to the Government of India’s various programmes, what is Nirmal Gram Puraskar?

    aIt is an incentive scheme of scholarships for the single girl child in families in villages.bIt is an incentive scheme of scholarships for female sportspersons from villages who represent their states in any game.cIt is an incentive scheme for schools in the villages for computer education.dIt is an incentive scheme for Panchayati Raj institutions.
19. Prelims 2005Q15External Sector: BoP, FDI & Exchange Rate

    Consider the following statements :

    1.During the year 2004, India’s foreign exchange reserves did not exceed the 125 billion U.S. Dollar mark

    2.The series of index numbers of wholesale prices introduced from April, 2000 has the year 1993-94 as base year.

    Which of the statements given above is/are correct?

    a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
20. Prelims 2005Q33Agriculture & Food Security

    Which one of the following companies has started a rural marketing network called ‘e-chaupals’?

    aITCbDaburcProctor and GambledHindustan Lever