Indian Economy PYQs

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1. Prelims 2000Q83International Organisations & Reports

   Which one of the following countries occupies the first place in the “Global Competitive Report” of World Economic Forum?

   aUSAbSingaporecHong KongdFrance
2. Prelims 2000Q88International Trade & WTOAnswer disputed

   Assertion (A): The rate of growth of India’s exports has shown an appreciable increase after 1991.

   Reason (R): The Government of India has resorted to devaluation.

   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
3. Prelims 2000Q94National Income & Growth

   In an open economy, the national income (Y) of the economy is: (C, I, G, X, M stand for Consumption, Investment, Government Expenditure, total exports and total imports respectively.)

   aY = C + I + G + XbY = C + I + G – X + McY = C + I + G + (X – M)dY = C + I – G + X – M
4. Prelims 1999Q2Financial Markets & Institutions

   From the balance sheet of a company, it is possible to

   ajudge the extent of profitability of the companybassess the profitability and size of the companycdetermine the size and composition of the assets and liabilities of the companyddetermine the market share, debts and assets of the company
5. Prelims 1999Q10Poverty, Unemployment & Social Sector

   Persons below the poverty line in India are classified as such based on whether

   athey are entitled to a minimum prescribed food basketbthey get work for a prescribed minimum number of days in a yearcthey belong to agricultural labourer household and the scheduled caste/tribe social groupdtheir daily wages fall below the prescribed minimum wages
6. Prelims 1999Q12National Income & Growth

   Consider the following statements:

   Regional disparities in India are high and have been rising in recent years because

   1.There is persistent investment over time only in select locales.

   2.Some areas are agro-climatically less conducive to development.

   3.Some areas continue to face little or no agrarian transformation and the consequent lack of social and economic opportunities.

   4.Some areas have faced continuous political instability.

   Which of the above statements are correct?

   a1, 2 and 3b1, 3 and 4c2, 3 and 4d1, 2 and 4
7. Prelims 1999Q20Industry & Infrastructure

   Consider the following statements: Industrial development in India, to an extent, is constrained by

   I.Lack of adequate entrepreneurship and leadership in business.

   II.Lack of savings to invest.

   III.Lack of technology, skills and infrastructure.

   IV.Limited purchasing power among the larger masses.

   Which of the above statements are correct?

   aI, II and IIIbI, III and IVcII, III and IVdI, II and IV
8. Prelims 1999Q22Poverty, Unemployment & Social Sector

   Among which one of the following sets of social/religious groups is the extent of poverty the highest, as per Government statistics for the nineties?

   aMuslims in Kerala, Gujarat and Andhra PradeshbTribals in Bihar, Orissa, Madhya Pradesh and MaharashtracScheduled Castes in Punjab, Western Uttar Pradesh, northern Rajasthan and Tamil NadudChristians in Gujarat, Maharashtra and Assam
9. Prelims 1999Q24Industry & Infrastructure

   Tourism industry in India is quite small compared to many other countries in terms of India’s potential and size.

   Which one of the following statements is correct in this regard?

   aDistances in India are too far apart and its luxury hotels are too expensive for western touristsbFor most of the months India is too hot for western tourists to feel comfortablecMost of the picturesque resorts in India such as in the Northeast and Kashmir are, for all practical purposes, out of boundsdIn India, the infrastructure required for attracting tourists is inadequate
10. Prelims 1999Q28Poverty, Unemployment & Social Sector

    The Employment Assurance Scheme envisages financial assistance to rural areas for guaranteeing employment to at least

    a50 per cent of the men and women seeking jobs in rural areasb50 per cent of the men seeking jobs in rural areascone man and one woman in a rural family living below the poverty linedNone of the above
11. Prelims 1999Q39Planning & NITI Aayog

    The planning process in the industrial sector in India has assumed a relatively less important position in the nineties as compared to that in the earlier period.

    Which one of the following is not true in this regard?

    aWith the advent of liberalisation, industrial investments/development have largely been placed within the domain of private and multinational sectorsbWith markets assuming a central place, the role of central planning in many sectors has been rendered redundantcThe focus of planning has shifted to sectors like human resource development, infrastructure, population control and welfaredThe nation’s priorities have shifted away from industrial development to rural development
12. Prelims 1999Q43Industry & Infrastructure

    Consider the following statements: Small-scale industries are, in most cases, not as efficient and competitive as the large-scale ones. Yet the Government provides preferential treatment and reservations in a range of products to the small firms because small-scale industries

    I.Provide higher employment on a per unit capital deployment basis.

    II.Promote a regional dispersion of industries and economic activities.

    III.Have performed better in export of manufactured products than the large-scale ones.

    IV.Provide jobs to low skill workers, who otherwise may not find employment avenues elsewhere.

    Which of the above statements are correct?

    aI and IVbI and IIcII and IIIdIII and IV
13. Prelims 1999Q46External Sector: BoP, FDI & Exchange Rate

    The economic crisis in the latter half of 1990s most seriously affected Indonesia, Thailand, Malaysia and South Korea. The cause of the crisis was

    amismanagement of the financial resources and financial sector, in generalbthe prolonged over-valuation of local currencies vis-à-vis the western currenciescthe downswing and recession in the western economies which earlier provided export market to these export-oriented countriesdNone of the above
14. Prelims 1999Q50Agriculture & Food Security

    The main sources of credit to the farmers include

    athe Primary Agricultural Cooperative Societies, commercial banks, RRBs and private moneylendersbthe NABARD, RBI, commercial banks and private moneylenderscthe District Central Cooperative Banks (DCCB), the lead banks, IRDP and JRYdthe Large-scale Multi-purpose Adivasis Programme, DCCB, IFFCO and commercial banks
15. Prelims 1999Q52Industry & Infrastructure

    Trans chart is the

    achartering wing of the Ministry of Surface Transportbcontainer service established by Indian Railwaysctraining institute of maritime studies and researchdpassenger insurance scheme of Indian Railways
16. Prelims 1999Q60Poverty, Unemployment & Social Sector

    Which one of the following is the objective of National Renewal Fund?

    aTo safeguard the interests of workers who may be affected by technological upgradation of industry or closure of sick unitsbTo develop the core sector of the economycFor the development of infrastructure such as energy, transport, communications and irrigationdFor human resource development such as full literacy, employment, population control, housing and drinking water
17. Prelims 1999Q79International Organisations & Reports

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

    List I

    I.WTO

    II.IDA

    III.IMF

    IV.IBRD

    List II

    A) Provides loans to address short-term balance of payment problems

    B) Multi-lateral trade negotiation body

    C) Sanction of soft loans

    D) Facilitating lending and borrowings for reconstruction and development

    aI-B, II-C, III-D, IV-AbI-B, II-C, III-A, IV-DcI-C, II-B, III-D, IV-AdI-C, II-B, III-A, IV-D
18. Prelims 1999Q95National Income & Growth

    Since 1980, the share of the tertiary sector in the total GDP of India has

    ashown an increasing trendbshown a decreasing trendcremained constantdbeen fluctuating
19. Prelims 1999Q99External Sector: BoP, FDI & Exchange Rate

    Assertion (A): Devaluation of a currency may promote export.

    Reason (R): Price of the country's products in the international market may fall due to devaluation.

    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
20. Prelims 1999Q100Fiscal Policy & Budget

    Assertion (A): Fiscal deficit is greater than budgetary deficit.

    Reason (R): Fiscal deficit is the borrowings from the Reserve Bank of India plus other liabilities of the Government to meet its expenditure.

    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