Indian Economy PYQs

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1. Prelims 2004Q84Industry & Infrastructure

   Consider the following statements:

   1.Voltas

   2.Titan Industries

   3.Rallis India

   4.Indian Hotels

   Which of the above companies are in the Tata Group of Industries?

   a1 and 2b2, 3 and 4c1, 3 and 4d1, 2, 3 and 4
2. Prelims 2004Q130Money & Banking

   Consider the following statements:

   1.Reserve Bank of India was nationalized on 26 January 1950.

   2.The borrowing programme of the Government of India is handled by the Department of Expenditure, Ministry of Finance.

   Which of these statements given above is/are correct?

   a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
3. Prelims 2003Q23Industry & Infrastructure

   Consider the following statements:

   1.Molasses is a by-product of sugar production process.

   2.Bagasse obtained in the sugar mills is used as a fuel in the boilers to generate steam for the sugar factories.

   3.Sugar can only be produced from sugarcane as the raw material.

   Which of these statements are correct?

   a1 and 2b2 and 3c1 and 3d1, 2 and 3
4. Prelims 2003Q32Money & Banking

   In India, the first bank of limited liability managed by Indians and founded in 1881 was

   aHindustan Commercial BankbOudh Commercial BankcPunjab National BankdPunjab and Sind Bank
5. Prelims 2003Q34Industry & Infrastructure

   The government holding in BPCL is

   aMore than 70%bBetween 60% and 70%cBetween 50% and 60%dLess than 50%
6. Prelims 2003Q36Industry & Infrastructure

   During the year 2000-01, which one of the following industries recorded highest growth rate in India?

   aCementbCoalcElectricitydSteel
7. Prelims 2003Q46Financial Markets & Institutions

   Debenture holders of a company are its

   aShareholdersbCreditorscDebtorsdDirectors
8. Prelims 2003Q50Taxation

   Consider the following statements: In India, stamp duties on financial transactions are

   1.Levied and collected by the State Government

   2.Appropriated by the Union Government.

   Which of these statements is/are correct?

   aOnly 1bOnly 2cBoth 1 and 2dNeither 1 nor 2
9. Prelims 2003Q58External Sector: BoP, FDI & Exchange Rate

   Which one of the following statements is correct with reference to FEMA in India?

   aThe Foreign Exchange Regulation Act (FERA), was replaced by Foreign Exchange Management Act (FEMA) in the year 2001bFERA was given a sunset clause of one year till 31st May 2002 to enable Enforcement Directorate to complete the investigation of pending issuescUnder FEMA, violation of foreign exchange rules has ceased to be a criminal offencedAs per the new dispensation, Enforcement Directorate can arrest and prosecute the people for the violation of foreign exchange rules
10. Prelims 2003Q59International Trade & WTO

    Consider the following statements

    1.India’s import of crude and petroleum product during the year 2001-02 accounted for about 27% of India’s total imports.

    2.During the year 2001-02, India’s exports had increased by 10% as compared to the previous year

    Which of these statements is/are correct?

    aOnly 1bOnly 2cBoth 1 and 2dNeither 1 nor 2
11. Prelims 2003Q62National Income & Growth

    As per the Human Development Index given by UNDP, which one of the following sequences of South Asian countries is correct, in the order of higher to lower development?

    aIndia—Sri Lanka—Pakistan—MaldivesbMaldives—Sri Lanka—India—PakistancSri Lanka—Maldives—India—PakistandMaldives—India—Pakistan—Sri Lanka
12. Prelims 2003Q64Agriculture & Food Security

    Consider the following statements:

    1.India ranks first in the world in fruit production.

    2.India ranks second in the world in the export of tobacco.

    Which of these statements is/are correct?

    aOnly 1bOnly 2cBoth 1 and 2dNeither 1 nor 2
13. Prelims 2003Q65Industry & Infrastructure

    Which one of the following statements is correct?

    aAlliance Air is a wholly owned subsidiary of Indian AirlinesbThe Airports Authority of India manages seven of the country's international airportscThe Airports Authority of India is the regulatory organisation for enforcing civil air regulations in IndiadIt is the function of Directorate General of Civil Aviation to plan and construct runways and terminal buildings and to provide air safety services
14. Prelims 2003Q75National Income & Growth

    Which one among the following countries has the lowest GDP per capita?

    aChinabIndiacIndonesiadSri Lanka
15. Prelims 2003Q82Industry & Infrastructure

    Consider the following statements:

    1.In the last five years, Indian software exports have increased at a compound annual growth rate of about 60%.

    2.The software and service industry in India registered an overall growth of about 28% in rupee terms during the year 2001-2002.

    Which of these statements is/are correct?

    aOnly 1bOnly 2cBoth 1 and 2dNeither 1 nor 2
16. Prelims 2003Q85External Sector: BoP, FDI & Exchange Rate

    With reference to Government of India’s decisions regarding Foreign Direct Investment (FDI) during the year 2001-02, consider the following statements:

    1.Out of the 100% FDI allowed by India in tea sector, the foreign firm would have to disinvest 33% of the equity in favour of an Indian partner within four years.

    2.Regarding the FDI in print media in India, the single largest Indian shareholder should have a holding higher than 26%.

    Which of these statements is/are correct?

    aOnly 1bOnly 2cBoth 1 and 2dNeither 1 nor 2
17. Prelims 2003Q87Taxation

    The Kelkar proposals which were in the news recently were the

    arecommendations for reforms in the power sectorbrecommendations for tax reformscguidelines for the privatisationdguidelines for reducing vehicular pollution, and the promotion of CNG use
18. Prelims 2003Q96Money & Banking

    Consider the following statements:

    1.The maximum limit of shareholding of Indian promoters in private sector banks in India is 49 per cent of the paid-up capital.

    2.Foreign Direct Investment up to 49 per cent from all sources is permitted in private sector banks in India under the automatic route.

    Which of these statements is/are correct?

    aOnly 1bOnly 2cBoth 1 and 2dNeither 1 nor 2
19. Prelims 2003Q102International Trade & WTOAnswer disputed

    Assertion (A): During the year 2001-02, the value of India’s total exports declined, registering a negative growth of 2.17%.

    Reason (R): During the year 2001-02, negative growth in exports was witnessed in respect of iron and steel, coffee, textiles and marine products.

    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
20. Prelims 2003Q104International Trade & WTO

    Assertion (A): The new EXIM Policy is liberal, market-oriented and favours global trade.

    Reason (R): GATT has played a significant role in the liberalisation of economy.

    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