Indian Economy PYQs

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1. Prelims 2003Q143International Trade & WTO

   Among the following commodities imported by India during the year 2001-02, which one was the highest in terms of Rupee value?

   aEdible oilbFertilizerscOrganic and inorganic chemicalsdPearls, precious and semi-precious stones
2. Prelims 2003Q146Industry & Infrastructure

   With reference to India, which one of the following statements is NOT correct?

   aIPCL is India’s largest petro-chemical companybRIL is the largest private sector company in IndiacMTNL is listed on NYSEdBSNL is the first telecom service organization in India to launch a nationwide cellular service at one time
3. Prelims 2002Q14International Organisations & Reports

   "World Development Report" is an annual publication of

   aUnited Nations Development ProgrammebInternational Bank of Reconstruction and DevelopmentcWorld Trade OrganisationdInternational Monetary Fund
4. Prelims 2002Q21Industry & Infrastructure

   Consider the following statements: The Draft Electricity Bill, 2001 seeks to replace

   1.Indian Electricity Act, 1910

   2.Electricity (Supply) Act, 1948

   3.Electricity Regulatory Commission Act, 1998

   4.State Electricity Boards

   Which of these statements are correct?

   a1, 2 and 3b2, 3 and 4c1, 2 and 4d1, 3 and 4
5. Prelims 2002Q22International Trade & WTO

   Consider the following statements:

   1.The World Intellectual Property Organisation (WIPO) is a specialised agency of United Nations System of Organisations

   2.WIPO has its headquarters at Rome

   3.The Trade Related Aspects of Intellectual Property Rights (TRIPS) Agreement is binding on all WTO members

   4.Least-developed country members of WTO are not required to apply the provisions of TRIPS Agreements for a period of 20 years from the general date of application of the Agreement

   Which of these statements are correct?

   a1, 2, 3 and 4b2, 3 and 4c1, 2 and 4d1 and 3
6. Prelims 2002Q23International Trade & WTO

   India has the maximum volume of foreign trade with

   aUSAbJapancGermanydUAE
7. Prelims 2002Q36External Sector: BoP, FDI & Exchange Rate

   India's external debt increased from US $98,158 million as at the end of March 2000 to US $100,225 million as at the end of March 2001 due to increase in

   amultilateral and bilateral debtbrupee debtccommercial borrowings and NRI depositsdborrowing from International Monetary Fund
8. Prelims 2002Q37National Income & Growth

   With reference to the Indian economy, consider the following activities:

   1.Agriculture, Forestry and Fishing

   2.Manufacturing

   3.Trade, Hotels, Transport and Communication

   4.Financing, Insurance, Real Estate and Business services The decreasing order of the contribution of these sectors to the Gross Domestic Product (GDP) at factor cost at constant prices (2000-01) is

   a3, 1, 2, 4b1, 3, 4, 2c3, 4, 1, 2d1, 3, 2, 4
9. Prelims 2002Q45Poverty, Unemployment & Social Sector

   Consider the following statements: The objectives of the National Renewal Fund set up in February 1992 were

   1.To give training and counselling for workers affected by retrenchment or VRS.

   2.Redeployment of workers

   Which of these statements is/are correct?

   aNeither 1 nor 2bBoth 1 and 2c1 onlyd2 only
10. Prelims 2002Q46Industry & Infrastructure

    Which one of the following committees recommended the abolition of reservation of items for the small-scale sector in industry?

    aAbid Hussain CommitteebNarasimham CommitteecNayak CommitteedRakesh Mohan Committee
11. Prelims 2002Q66Taxation

    In the year 2001, the Prime Minister announced a five-year excise-duty holiday for industries in

    aCyclone-prone coastal Andhra PradeshbBorder states of the North-eastcEarthquake-ravaged Kutch districtdRecently formed states of Chhattisgarh and Jharkhand
12. Prelims 2002Q70External Sector: BoP, FDI & Exchange Rate

    Global capital flows to developing countries increased significantly during the nineties. In view of the East Asian financial crisis and the Latin American experience, which type of inflow is considered safest for the host country?

    aCommercial loansbForeign Direct InvestmentcForeign Portfolio InvestmentdExternal Commercial Borrowings
13. Prelims 2002Q71International Trade & WTO

    In terms of value, which one of the following commodities accounted for the largest agricultural exports by India during the three-year period from 1997-1998 to 1999-2000?

    aCerealsbMarine productscSpicesdTea
14. Prelims 2002Q75Planning & NITI Aayog

    A Five Year Plan in India is finally approved by the

    aUnion CabinetbPresident on the advice of the Prime MinistercPlanning CommissiondNational Development Council
15. Prelims 2002Q77Financial Markets & Institutions

    Among the following major stock exchanges of India, which one recorded the highest turnover during the year 2001-02?

    aBombay Stock ExchangebCalcutta Stock ExchangecDelhi Stock ExchangedNational Stock Exchange
16. Prelims 2002Q85International Trade & WTO

    With reference to the public Sector Undertaking in India, consider the following statements:

    1.Minerals and Metals Trading Corporation of India Limited is the largest non-oil importer of the country.

    2.Project and Equipment Corporation of India Limited is under the Ministry of Industry.

    3.One of the objectives of Export Credit Guarantee Corporation of India Limited is to enforce quality control and compulsory pre-shipment inspection of various exportable commodities

    Which of these statements is/are correct?

    a1 onlyb1 and 2c2 and 3d3 only
17. Prelims 2002Q87Fiscal Policy & Budget

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

    1.External liabilities reported in Union Budget are based on historical exchange rates.

    2.The continued high borrowing has kept the real interest rates high in the economy.

    3.The upward trend in the ratio of Fiscal Deficit to GDP in recent years has an adverse effect to private investments.

    4.Interest payments is the single largest component of the non-plan revenue expenditure of the Union Government.

    Which of these statements are correct?

    a1, 2 and 3b1 and 4c2, 3 and 4d1, 2, 3 and 4
18. Prelims 2002Q96Poverty, Unemployment & Social SectorAnswer disputed

    Which reference to the government’s welfare schemes, consider the following statements:

    1.Under the Antyodaya Anna Yojana, the food grains are available to the poorest of the poor families at Rs 2 per kg for wheat and Rs 3 per kg for rice.

    2.Under the National Old Age Pension Scheme, the old and destitute are provided Rs 75 per month as Central pension, in addition to the amount provided by most State Governments.

    3.Government of India has allocated 25 kg food grains per Below Poverty Line family per month, at less than half the economic cost.

    Which of these statements are correct?

    a1 and 2b1 and 3c2 and 3d1, 2 and 3
19. Prelims 2002Q109Industry & Infrastructure

    Consider the following statements:

    1.NTPC is the largest power utility in India.

    2.ONGC accounts for half of the LPG production in India.

    3.Indian Oil Corporation operates all the oil refineries in India.

    4.The Indian Ordinance Factory is the largest departmentally run industrial undertaking in the country.

    Which of these statements is/are correct?

    a1 onlyb2 and 3c2, 3 and 4d1 and 4
20. Prelims 2002Q116Money & Banking

    Consider the following:

    1.Currency with the public

    2.Demand deposits with banks

    3.Time deposits with banks

    Which of these are included in Broad Money (M3) in India?

    a1 and 2b1 and 3c2 and 3d1, 2 and 3