Indian Economy PYQs

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1. Prelims 1999Q102Industry & Infrastructure

   Assertion (A): Information technology is fast becoming a very important field of activity in India.

   Reason (R): Software is one of the major exports of the country and India has a very strong base in hardware.

   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
2. Prelims 1998Q1Industry & Infrastructure

   Some time back, the Government of India decided to delicense the ‘white-goods’ industry. ‘White goods’ include

   astainless steel and aluminium utensilsbmilk and milk productscitems purchased for conspicuous consumptiondsoaps, detergents and other mass-consumption goods
3. Prelims 1998Q9International Trade & WTOAnswer disputed

   Which one of the following regions of the world supplies the maximum of our imported commodities (in terms of rupee value)?

   aAfricabAmericacAsia and OceaniadEurope
4. Prelims 1998Q13International Trade & WTOAnswer disputed

   Which one of the following countries has replaced Italy as the major importer of bauxite from India?

   aCanadabGreececUkrainedUnited Arab Emirates
5. Prelims 1998Q16External Sector: BoP, FDI & Exchange Rate

   Consider the following statements: The price of any currency in the international market is decided by the

   I.World Bank

   II.Demand for goods/services provided by the country concerned

   III.Stability of the government of the concerned country

   IV.Economic potential of the country in question Of these statements:

   aI, II, III and IV are correctbII and III are correctcIII and IV are correctdI and IV are correct
6. Prelims 1998Q17National Income & Growth

   A consumer is said to be in equilibrium, if

   ahe is able to fulfil his need with a given level of incomebhe is able to live in full comforts with a given level of incomeche can fulfil his needs without consumption of certain itemsdhe is able to locate new sources of income
7. Prelims 1998Q20National Income & Growth

   The supply-side economics lays greater emphasis on the point of view of the

   aproducerbglobal economycconsumerdmiddle-man
8. Prelims 1998Q33International Trade & WTO

   Assertion (A): The United States of America has threatened to ask the World Trade Organisation (WTO) to apply sanctions against the developing countries for the non-observance of ILO conventions.

   Reason (R): The United States of America itself has adopted and implemented those ILO conventions.

   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
9. Prelims 1998Q43National Income & Growth

   Human Poverty Index was introduced in the Human Development Report of the year

   a1994b1995c1996d1997
10. Prelims 1998Q47Financial Markets & Institutions

    Which of the following pairs are correctly matched?

    I.Dow Jones : New York

    II.Hang Seng : Seoul

    III.FTSE-100 : London

    Select the correct answer using the codes given below:

    aI, II and IIIbII and IIIcI and IIdI and III
11. Prelims 1998Q52International Trade & WTO

    The economist who was associated with the WTO draft document is

    aA.K. SenbT.N. SrinivasancJ.N. BhagwatidAvinash Dixit
12. Prelims 1998Q56Poverty, Unemployment & Social Sector

    The number of economically active women (excluding students and those doing domestic duties in their homes) as a percentage of all women of working age (generally those aged 15-64 years) was the highest in 1996 in

    aUSAbChinacRussiadS. Korea
13. Prelims 1998Q68International Organisations & Reports

    According to the World Development Report, low-income economies are those for which the per capita GNP in 1994 was

    aUS $ 925 or lessbUS $ 825 or lesscUS $ 725 or lessdUS $ 525 or less
14. Prelims 1998Q76Money & Banking

    The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called

    aSBR (Statutory Bank Ratio)bSLR (Statutory Liquid Ratio)cCBR (Central Bank Reserve)dCLR (Central Liquid Reserve)
15. Prelims 1998Q87Money & Banking

    The accounting year of the Reserve Bank of India is

    aApril – MarchbJuly – JunecOctober – SeptemberdJanuary – December
16. Prelims 1998Q91External Sector: BoP, FDI & Exchange Rate

    Which one of the following is the correct sequence of decreasing order of the given currencies in terms of their value in Indian Rupees?

    aUS dollar, Canadian dollar, New Zealand dollar, Hong Kong dollarbUS dollar, New Zealand dollar, Canadian dollar, Hong Kong dollarcUS dollar, Hong Kong dollar, New Zealand dollar, Canadian dollardUS dollar, Hong Kong dollar, Canadian dollar, New Zealand dollar
17. Prelims 1998Q93External Sector: BoP, FDI & Exchange Rate

    Capital Account Convertibility of the Indian Rupee implies

    athat the Indian Rupee can be exchanged by the authorised dealers for travelbthat the Indian Rupee can be exchanged for any major currency for the purpose of trade in goods and servicescthat the Indian Rupee can be exchanged for any major currency for the purpose of trading financial assetsdNone of the above
18. Prelims 1998Q97Fiscal Policy & Budget

    Economic Survey in India is published officially, every year by the

    aReserve Bank of IndiabPlanning Commission of IndiacMinistry of Finance, Government of IndiadMinistry of Industries, Government of India
19. Prelims 1998Q146Inflation

    The current price index (base 1960) is nearly 330. This means that

    aall items cost 3.3 times more than what they did in 1960bthe prices of certain selected items have gone up to 3.3 timescweighted mean of prices of certain items has increased 3.3 timesdgold price has gone up 3.3 times
20. Prelims 1997Q5National Income & Growth

    The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of

    a15 to 20 per centb20 to 25 per centc25 to 30 per centd30 to 35 per cent