Indian Economy PYQs

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1. Prelims 1996Q56Planning & NITI AayogAnswer disputed

   The Eighth Five-Year Plan is different from the earlier ones. The critical difference lies in the fact that

   ait has a considerably larger outlay compared to the earlier plansbit has a major thrust on agricultural and rural developmentcconsiderable emphasis is placed on infrastructure growthdindustrial licensing has been abolished
2. Prelims 1996Q65Agriculture & Food Security

   In India, rural incomes are generally lower than the urban incomes.

   Which of the following reasons account for this?

   I.A large number of farmers are illiterate and know little about scientific agriculture.

   II.Prices of primary products are lower than those of manufactured products.

   III.Investment in agriculture has been low when compared to investment in industry.

   aI onlybI and II onlycI and III onlydI, II and III
3. Prelims 1996Q70National Income & Growth

   Assertion (A): Though India’s national income has gone up several fold since 1947, there has been no marked improvement in the per capita income level.

   Reason (R): Sizeable proportion of the population of India is still living below the poverty line.

   In the context of the above two statements which one of the following is correct?

   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
4. Prelims 1996Q89International Organisations & Reports

   Consider the following statements: Most international agencies which fund development programmes in India on inter-governmental bilateral agreements mainly provide

   I.Technical assistance.

   II.Soft loans which are required to be paid back with interest.

   III.Grants, not required to be paid back.

   IV.Food assistance to alleviate poverty.

   Of these statements —

   aI and IV are correctbI, II and III are correctcI, II and IV are correctdIII and IV are correct
5. Prelims 1996Q95International Trade & WTO

   Consider the following items imported by India:

   I.Capital goods

   II.Petroleum

   III.Pearls and precious stones

   IV.Chemicals

   V.Iron and Steel The correct sequence of these items (as per 1994-95 figures) in decreasing order of value is —

   aI, II, III, IV, VbI, II, IV, III, VcII, I, III, IV, VdII, I, IV, V, III
6. Prelims 1996Q140International Trade & WTO

   The changing composition of the export trade is indicative of structural transformation of Indian economy in favour of modernisation. The best indicator of the trend is the

   arelative share of petroleum products in exportsbdecline in the share of agricultural products in exportscconstant share of ores and minerals in exportsdincrease in the share of manufactured products in exports
7. Prelims 1995Q4Financial Markets & Institutions

   To prevent recurrence of scams in Indian Capital Market, the Government of India has assigned regulatory powers to

   aSEBIbRBIcSBIdIDBI
8. Prelims 1995Q12Planning & NITI Aayog

   Which one of the following Five-Year Plans recognised human development as the core of all developmental efforts?

   aThe Third Five-Year PlanbThe Fifth Five-Year PlancThe Sixth Five-Year PlandThe Eighth Five-Year Plan
9. Prelims 1995Q16Agriculture & Food Security

   Which of the following are the objectives of the Commission for Agricultural Costs and Prices (CACP)?

   I.To stabilise agricultural prices.

   II.To ensure meaningful real income levels to the farmers.

   III.To protect the interest of the consumers by providing essential agricultural commodities at reasonable rates through public distribution system.

   IV.To ensure maximum price for the farmer.

   Select the correct answer from the codes given below:

   aI, II and IIIbI, II and IVcI, III and IVdII, III and IV
10. Prelims 1995Q27External Sector: BoP, FDI & Exchange Rate

    As part of the liberalisation programme and with a view to attracting foreign exchange, the Government and the RBI have devised two schemes known as FCNR-‘A’ and FCNR-‘B’.

    Which of the following is/are true regarding these two schemes?

    I.Under scheme ‘A’ RBI bears exchange rate fluctuations.

    II.Under scheme ‘B’, other banks are to meet out the difference in exchange rate fluctuations.

    III.Both the schemes stand withdrawn now.

    IV.Only scheme ‘A’ has been withdrawn.

    Select the correct answer from the codes given below:

    aIII onlybI and IIcI, II and IIIdI, II and IV
11. Prelims 1995Q31Fiscal Policy & Budget

    Which of the following are among the non-plan expenditures of the Government of India?

    I.Defence expenditure

    II.Subsidies

    III.All expenditures linked with the previous plan periods

    IV.Interest payment

    Choose the correct answer from the codes given below:

    aI and IIbI and IIIcII and IVdI, II, III and IV
12. Prelims 1995Q35External Sector: BoP, FDI & Exchange Rate

    Which of the following pairs are correctly matched?

    I.Increase in foreign exchange reserves ................. Monetary expansion

    II.Low import growth rate in India ...................... Recession in Indian Industry

    III.Euro issues ................ Shares held by Indian companies in European countries

    IV.Portfolio investment ............... Foreign institutional investors

    Select the correct answer by using the following codes:

    aI, II and IVbIII and IVcI, II and IIIdI, II, III and IV
13. Prelims 1995Q38Planning & NITI Aayog

    What is the annual growth rate aimed at in the Eighth Five-Year Plan?

    a5.6%b6%c6.5%d7%
14. Prelims 1995Q41Financial Markets & Institutions

    Which one of the following is the largest mutual fund organisation in India?

    aSBI Mutual FundbGIC Mutual FundcIndustrial Bank Mutual FunddUnit Trust of India
15. Prelims 1995Q46Taxation

    Corporation tax

    ais levied and appropriated by the Statesbis levied by the Union and collected and appropriated by the Statescis levied by the Union and shared by the Union and the Statesdis levied by the Union and belongs to it exclusively
16. Prelims 1995Q48International Organisations & Reports

    Which of the following constitute the World Bank?

    I.International Bank for Reconstruction and Development

    II.International Finance Corporation

    III.International Development Association

    IV.International Monetary Fund

    Choose the correct answer from the codes given below:

    aI, II and IIIbI and IIcIII and IVdI, II, III and IV
17. Prelims 1995Q55Money & Banking

    Which one of the following is not an instrument of selective credit control in India?

    aRegulation of consumer creditbRationing of creditcMargin requirementsdVariable reserve ratios
18. Prelims 1995Q59Poverty, Unemployment & Social Sector

    Which one of the following is true regarding the Jawahar Rozgar Yojana (JRY)?

    aIt was launched during the Prime Ministership of Indira GandhibIt aims at creating one million jobs annuallycThe target group of JRY are the urban poor living below the poverty linedUnder the scheme 30% of the employment generated is reserved for women
19. Prelims 1995Q60Money & Banking

    Bank Rate implies the rate of interest

    apaid by the Reserve Bank of India on the deposits of Commercial Banksbcharged by Banks on loans and advancescpayable on Bondsdat which the Reserve Bank of India discounts the Bills of Exchange
20. Prelims 1995Q64Money & Banking

    The Narasimham Committee for Financial Sector Reforms has suggested reduction in

    aSLR and CRRbSLR, CRR and Priority Sector FinancingcSLR and financing to capital goods sectordCRR, Priority Sector Financing and financing to capital goods sector