Indian Economy PYQs

Tap an option to check it. For one question at a time, use Start practice above.

1. Prelims 2002Q122Financial Markets & Institutions

   Consider the following financial institutions of India:

   1.Industrial Finance Corporation of India (IFCI)

   2.Industrial Credit and Investment Corporation of India (ICICI)

   3.Industrial Development Bank of India (IDBI)

   4.National Bank for Agriculture and Rural Development (NABARD)

   The correct chronological sequence of the establishment of these institutions is

   a1, 2, 3, 4b2, 3, 4, 1c3, 4, 1, 2d4, 1, 2, 3
2. Prelims 2002Q132Industry & Infrastructure

   With reference to power sector in India consider the following statements:

   1.Rural electrification has been treated as a Basic Minimum Service under the Prime Minister’s Gramodaya Yojana.

   2.100 per cent Foreign Direct Investment in power is allowed without upper limit

   3.The Union Ministry of Power has signed a Memoranda of Understanding with 14 states.

   Which of these statements is/are correct?

   a1 onlyb1 and 2c2 and 3d3 only
3. Prelims 2002Q133External Sector: BoP, FDI & Exchange Rate

   A country is said to be in debt trap if

   ait has to abide by the conditionalities imposed by the International Monetary Fundbit has to borrow to make interest payments on outstanding loanscit has been refused loans or aid by creditors abroaddthe World Bank charges a very high rate of interest on outstanding as well as new loans
4. Prelims 2002Q137External Sector: BoP, FDI & Exchange Rate

   Consider the following statements: Full convertibility of the rupee may mean

   1.Its free float with other international currencies.

   2.Its direct exchange with any other international currency at any prescribed place inside and outside the country.

   3.It acts just like any other international currency.

   Which of these statements are correct?

   a1 and 2b1 and 3c2 and 3d1, 2 and 3
5. Prelims 2001Q4Money & Banking

   Which of the following committees examined and suggested Financial Sector Reforms?

   aAbid Hussain CommitteebBhagwati CommitteecChelliah CommitteedNarasimham Committee
6. Prelims 2001Q9Inflation

   The new series of Wholesale Price Index (WPI) released by the Government of India is with reference to the base prices of

   a1981-82b1990-91c1993-94d1994-95
7. Prelims 2001Q15International Organisations & Reports

   The theme of the World Development Report, 2001 is

   aFrom Plan to MarketbKnowledge for DevelopmentcAttacking PovertydThe State in the Changing World
8. Prelims 2001Q19National Income & Growth

   The term National Income represents

   aGross National Product at market prices minus depreciationbGross National Product at market prices minus depreciation plus net factor income from abroadcGross National Product at market prices minus depreciation and indirect taxes plus subsidiesdGross National Product at market prices minus net factor income from abroad
9. Prelims 2001Q29Industry & Infrastructure

   Assertion (A): There was an increase in industrial production during 1999-2000.

   Reason (R): The period witnessed a stable exchange rate and improved business sentiments.

   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 a correct explanation of AcA is true, but R is falsedA is false, but R is true
10. Prelims 2001Q30Industry & Infrastructure

    Assertion (A): India's software exports increased at an average growth rate of 50% since 1995-96.

    Reason (R): Indian software companies were cost-effective and maintained international quality.

    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 a correct explanation of AcA is true, but R is falsedA is false, but R is true
11. Prelims 2001Q31External Sector: BoP, FDI & Exchange RateAnswer disputed

    Assertion (A): Ceiling on foreign exchange for a host of current account transaction heads was lowered in the year 2000. Reason (R): There was a fall in foreign currency assets also.

    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 a correct explanation of AcA is true, but R is falsedA is false, but R is true
12. Prelims 2001Q33Agriculture & Food Security

    The prices at which the Government purchases food grains for maintaining the public distribution system and for building up buffer stocks is known as

    aminimum support pricesbprocurement pricescissue pricesdceiling prices
13. Prelims 2001Q40Agriculture & Food Security

    National Agriculture Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year

    a1997b1998c1999d2000
14. Prelims 2001Q44National Income & Growth

    Consider the following States:

    I.Gujarat

    II.Karnataka

    III.Maharashtra

    IV.Tamil Nadu The descending order of these States with reference to their level of Per Capita Net State Domestic Product is

    aI, III, IV, IIbIII, I, II, IVcI, III, II, IVdIII, I, IV, II
15. Prelims 2001Q50Fiscal Policy & Budget

    Consider the following:

    I.Market borrowing

    II.Treasury bills

    III.Special securities issued to RBI

    Which of these is/are component(s) of internal debt?

    aI onlybI and IIcII onlydI, II and III
16. Prelims 2001Q54Money & Banking

    Consider the following statements regarding Reserve Bank of India:

    I.It is a banker to the Central Government.

    II.It formulates and administers monetary policy.

    III.It acts as an agent of the Government in respect of India’s membership of IMF.

    IV.It handles the borrowing programme of Government of India.

    Which of these statements are correct?

    aI and IIbII, III and IVcI, II, III and IVdIII and IV
17. Prelims 2001Q56Poverty, Unemployment & Social Sector

    Consider the following schemes launched by the Union Government:

    I.Antyodaya Anna

    II.Gram Sadak Yojana

    III.Sarvapriya

    IV.Jawahar Gram Samriddhi Yojana.

    Which of these were announced in the year 2000?

    aI and IIbII and IVcIII and IVdI, II and III
18. Prelims 2001Q64Industry & Infrastructure

    Consider the following factors regarding an industry:

    I.Capital investments

    II.Business turnover

    III.Labour force

    IV.Power consumption

    Which of these determine the nature and size of the industry?

    aI, III and IVbI, II and IVcII, III and IVdI and III
19. Prelims 2001Q68National Income & Growth

    The most appropriate measure of a country’s economic growth is its

    aGross Domestic ProductbNet Domestic ProductcNet National ProductdPer Capita Real Income
20. Prelims 2001Q73Fiscal Policy & Budget

    Match List I with List II and select the correct answer using the codes given below the Lists:

    List I (Term)

    A.Fiscal deficit

    B.Budget deficit

    C.Revenue deficit

    D.Primary deficit

    List II (Explanation)

    1.Excess of Total Expenditure over Total Receipts

    2.Excess of Revenue Expenditure over Revenue Receipts

    3.Excess of Total Expenditure over Total Receipts less borrowings

    4.Excess of Total Expenditure over Total Receipts less borrowings and Interest Payments

    aA-3, B-1, C-2, D-4bA-4, B-3, C-2, D-1cA-1, B-3, C-2, D-4dA-3, B-1, C-4, D-2