Indian Economy PYQs

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1. Prelims 2005Q72International Organisations & Reports

   Consider the following statements :

   1.Poverty Reduction and Growth Facility (PRGF) has been established by the International Development Association (IDA) to provide further assistance to low-income countries facing high level of indebtedness.

   2.Singapore Regional Training Institute (STI) is one of the institutes that provide training in macroeconomics analysis and policy, and related subjects as a part of programme of the IMF Institute.

   Which of the statements given above is/are correct?

   a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
2. Prelims 2005Q73Financial Markets & Institutions

   Consider the following statements :

   1.Sensex is based on 50 of the most important stocks available on the Bombay Stock Exchange (BSE)

   2.For calculating the Sensex, all the Sensex stocks are assigned proportional weightage.

   3.New York Stock Exchange is the oldest stock exchange in the world.

   Which of the statements given above is/are correct?

   a2 onlyb1 and 3c2 and 3dNone
3. Prelims 2005Q108Industry & Infrastructure

   Which one of the following pairs are correctly matched?

   Enterprise — Industrial Group

   1.VSNL — Bharti Group

   2.Mundra Special Economic Zone Ltd — Adani Group

   3.CMC Ltd — Tata Group

   4.IPCL — Reliance Group

   Select the correct answer using the codes given below:

   a1, 2 and 3b3 and 4c1, 2 and 4d2, 3 and 4
4. Prelims 2005Q133Industry & Infrastructure

   Who among the following is not a member of the Investment Commission formed in December, 2004?

   aRatan TatabDeepak ParekhcAshok GangulydKumaramangalam Birla
5. Prelims 2005Q140Money & Banking

   Consider the following statements:

   1.Global Trust Bank has been amalgamated with the Punjab National Bank.

   2.The second report of the Kelkar Committee dealing with direct and indirect taxes has maintained its original recommendations, including the abolition of exemptions relating to housing loans.

   Which of the statements given above is/are correct?

   a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
6. Prelims 2004Q1Fiscal Policy & Budget

   With reference to Indian Public Finance, consider the following statements:

   1.Disbursements from Public Accounts of India are subject to the Vote of Parliament.

   2.The Indian Constitution provides for the establishment of a Consolidated Fund, a Public Account and a Contingency Fund for each State.

   3.Appropriations and disbursements under the Railway Budget are subject to the same form of Parliamentary control as other appropriations and disbursements.

   Which of these statements given above are correct?

   a1 and 2b2 and 3c1 and 3d1, 2 and 3
7. Prelims 2004Q9Agriculture & Food SecurityAnswer disputed

   Which one of the following statements is NOT correct?

   aUnder the Targeted Public Distribution System, the families Below Poverty Line are provided 50 kg of food grains per month per family at subsidized price.bUnder Annapurna Scheme, indigent senior citizens of 65 years of age or above eligible for National Old Age Pension but not getting pension can get 10 kg of food grains per person per month at BPL rates.cMinistry of Social Justice and Empowerment has a scheme in which indigent people living in welfare institutions like orphanages are given 15 kg of food grains per person per month at BPL rates.dMinistry of Human Resource Development gives financial support to Mid-Day Meal Scheme for the benefit of class I to V students in Government or Government-aided Schools.
8. Prelims 2004Q20Industry & Infrastructure

   Which one of the following was the largest IT software and services exporter in India during the year 2002-03?

   aBirlasoftbInfosys TechnologiescTata Consultancy ServicesdWipro Technologies
9. Prelims 2004Q22Fiscal Policy & Budget

   Consider the following statements:

   1.The Oil Pool Account of Government of India was dismantled with effect from 1-4-2002.

   2.Subsidies on PDS kerosene and domestic LPG are borne by Consolidated Fund of India.

   3.An expert committee headed by Dr. R.A. Mashelkar to formulate a national auto fuel policy recommended that Bharat Stage-II Emission Norms should be applied throughout the country by 1 April, 2004.

   Which of these statements given above are correct?

   a1 and 2b2 and 3c1 and 3d1, 2 and 3
10. Prelims 2004Q23External Sector: BoP, FDI & Exchange RateAnswer disputed

    In the last one decade, which one among the following sectors has attracted the highest Foreign Direct Investment inflows into India?

    aChemicals other than fertilizersbServices sectorcFood processingdTelecommunication
11. Prelims 2004Q36Taxation

    Which of the following is not a recommendation of the task force on direct taxes under the chairmanship of Dr. Vijay L. Kelkar in the year 2002?

    aAbolition of Wealth TaxbIncrease in the exemption limit of personal income to Rs. 1.20 lakh for widowscElimination of standard deductiondExemption from tax on dividends and capital gains from the listed equity
12. Prelims 2004Q40Industry & Infrastructure

    Consider the following statements:

    1.National Thermal Power Corporation has diversified into hydropower sector.

    2.Power Grid Corporation of India has diversified into telecom sector.

    Which of these statements given above is/are correct?

    a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
13. Prelims 2004Q47Financial Markets & Institutions

    Consider the following statements:

    1.The National Housing Bank, the apex institution of housing finance in India, was set up as a wholly-owned subsidiary of the Reserve Bank of India.

    2.The Small Industries Development Bank of India was established as a wholly-owned subsidiary of the Industrial Development Bank of India.

    Which of the statements given above is/are correct?

    a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
14. Prelims 2004Q52Planning & NITI Aayog

    Consider the following statements:

    1.The highest deciding body for planning in India is the Planning Commission of India.

    2.The Secretary of the Planning Commission of India is also the Secretary of the National Development Council.

    3.The Constitution includes economic and social planning in the Concurrent List in the Seventh Schedule of the Constitution of India.

    Which of the statements given above is/are correct?

    a1 and 2b2 and 3c2 onlyd3 only
15. Prelims 2004Q69Poverty, Unemployment & Social Sector

    Assertion (A): The Central Rural Sanitation Programme was launched in 1986 to improve the quality of life of rural people in India.

    Reason (R): Rural sanitation is a subject in the Concurrent List in the Constitution of India.

    aBoth A and R are individually true and R is the correct explanation of AbBoth A and R are individually true but R is not the correct explanation of AcA is true but R is falsedA is false but R is true
16. Prelims 2004Q74Agriculture & Food Security

    Assertion (A): India does not export natural rubber.

    Reason (R): About 97 % of India's demand for natural rubber is met from domestic production.

    aBoth A and R are individually true and R is the correct explanation of AbBoth A and R are individually true but R is not the correct explanation of AcA is true but R is falsedA is false but R is true
17. Prelims 2004Q75International Trade & WTO

    Assertion (A): For the first time, India had no trade deficit in the year 2002-03.

    Reason (R): For the first time, India's exports crossed worth $50 billion in the year 2002-03.

    aBoth A and R are individually true and R is the correct explanation of AbBoth A and R are individually true but R is not the correct explanation of AcA is true but R is falsedA is false but R is true
18. Prelims 2004Q76Agriculture & Food Security

    Consider the following statements:

    1.The loans disbursed to farmers under Kisan Credit Card Scheme are covered under Rashtriya Krishi Beema Yojna of Life Insurance Corporation of India.

    2.The Kisan Credit Card holders are provided personal accident insurance of Rs 50,000 for accidental death and Rs 25,000 for permanent disability.

    Which of these statements given above is/are correct?

    a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
19. Prelims 2004Q77Agriculture & Food Security

    Consider the following statements:

    1.Regarding the procurement of food grains, Government of India follows a procurement target rather than an open-ended procurement policy.

    2.Government of India announces minimum support prices only for cereals.

    3.For distribution under Targeted Public Distribution System (TPDS), wheat and rice are issued by the Government of India at uniform central issue prices to the States/Union Territories.

    Which of these statements given above is/are correct?

    a1 and 2b2 onlyc1 and 3d3 only
20. Prelims 2004Q78Agriculture & Food SecurityAnswer disputed

    Consider the following statements:

    India continues to be dependent on imports to meet the requirement of oilseeds in the country because

    1.Farmers prefer to grow food grains with highly remunerative support prices.

    2.Most of the cultivation of oil-seed crops continues to be dependent on rainfall.

    3.Oils from the seeds of tree origin and rice bran have remained unexploited.

    4.It is far cheaper to import oil seeds than to cultivate the oil-seed crops.

    Which of these statements is/are correct?

    a1 and 2b1, 2 and 3c3 and 4d1, 2, 3 and 4