Indian Economy PYQs

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1. Prelims 2022Q71Poverty, Unemployment & Social Sector

   In India, which one of the following compiles information on industrial disputes, closures, retrenchments and lay-offs in factories employing workers ?

   aCentral Statistics OfficebDepartment for Promotion of Industry and Internal TradecLabour BureaudNational Technical Manpower Information System
2. Prelims 2022Q72Industry & Infrastructure

   In India, what is the role of the Coal Controller's Organization (CCO) ?

   1.CCO is the major source of Coal Statistics in Government of India.

   2.It monitors progress of development of Captive Coal/Lignite blocks.

   3.It hears any objection to the Government's notification relating to acquisition of coal-bearing areas.

   4.It ensures that coal mining companies deliver the coal to end users in the prescribed time.

   Select the correct answer using the code given below :

   a1, 2 and 3b3 and 4 onlyc1 and 2 onlyd1, 2 and 4
3. Prelims 2022Q74Poverty, Unemployment & Social Sector

   Consider the following statements :

   1.The India Sanitation Coalition is a platform to promote sustainable sanitation and is funded by the Government of India and the World Health Organization.

   2.The National Institute of Urban Affairs is an apex body of the Ministry of Housing and Urban Affairs in Government of India and provides innovative solutions to address the challenges of Urban India.

   Which of the statements given above is/are correct ?

   a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
4. Prelims 2022Q79Agriculture & Food Security

   With reference to the “Tea Board” in India, consider the following statements :

   1.The Tea Board is a statutory body.

   2.It is a regulatory body attached to the Ministry of Agriculture and Farmers Welfare.

   3.The Tea Board's Head Office is situated in Bengaluru.

   4.The Board has overseas offices at Dubai and Moscow.

   Which of the statements given above are correct ?

   a1 and 3b2 and 4c3 and 4d1 and 4
5. Prelims 2021Q1Money & Banking

   Consider the following statements :

   1.The Governor of the Reserve Bank of India (RBI) is appointed by the Central Government.

   2.Certain provisions in the Constitution of India give the Central Government the right to issue directions to the RBI in public interest.

   3.The Governor of the RBI draws his power from the RBI Act.

   Which of the above statements are correct?

   a1 and 2 onlyb2 and 3 onlyc1 and 3 onlyd1, 2 and 3
6. Prelims 2021Q2Poverty, Unemployment & Social Sector

   With reference to casual workers employed in India, consider the following statements :

   1.All casual workers are entitled for Employees Provident Fund coverage.

   2.All casual workers are entitled for regular working hours and overtime payment.

   3.The government can by a notification specify that an establishment or industry shall pay wages only through its bank account.

   Which of the above statements are correct?

   a1 and 2 onlyb2 and 3 onlyc1 and 3 onlyd1, 2 and 3
7. Prelims 2021Q3Fiscal Policy & Budget

   Which among the following steps is most likely to be taken at the time of an economic recession?

   aCut in tax rates accompanied by increase in interest ratebIncrease in expenditure on public projectscIncrease in tax rates accompanied by reduction of interest ratedReduction of expenditure on public projects
8. Prelims 2021Q4National Income & Growth

   Consider the following statements :

   Other things remaining unchanged, market demand for a good might increase if

   1.price of its substitute increases

   2.price of its complement increases

   3.the good is an inferior good and income of the consumers increases

   4.its price falls

   Which of the above statements are correct?

   a1 and 4 onlyb2, 3 and 4c1, 3 and 4d1, 2 and 3
9. Prelims 2021Q5Money & Banking

   With reference to ‘Urban Cooperative Banks’ in India, consider the following statements :

   1.They are supervised and regulated by local boards set up by the State Governments.

   2.They can issue equity shares and preference shares.

   3.They were brought under the purview of the Banking Regulation Act, 1949 through an Amendment in 1966.

   Which of the statements given above is/are correct?

   a1 onlyb2 and 3 onlyc1 and 3 onlyd1, 2 and 3
10. Prelims 2021Q6Financial Markets & Institutions

    Indian Government Bond Yields are influenced by which of the following?

    1.Actions of the United States Federal Reserve

    2.Actions of the Reserve Bank of India

    3.Inflation and short-term interest rates

    Select the correct answer using the code given below.

    a1 and 2 onlyb2 onlyc3 onlyd1, 2 and 3
11. Prelims 2021Q7External Sector: BoP, FDI & Exchange Rate

    Consider the following :

    1.Foreign currency convertible bonds

    2.Foreign institutional investment with certain conditions

    3.Global depository receipts

    4.Non-resident external deposits

    Which of the above can be included in Foreign Direct Investments?

    a1, 2 and 3b3 onlyc2 and 4d1 and 4
12. Prelims 2021Q8External Sector: BoP, FDI & Exchange Rate

    Consider the following statements :

    The effect of devaluation of a currency is that it necessarily

    1.improves the competitiveness of the domestic exports in the foreign markets

    2.increases the foreign value of domestic currency

    3.improves the trade balance

    Which of the above statements is/are correct?

    a1 onlyb1 and 2c3 onlyd2 and 3
13. Prelims 2021Q9Taxation

    Which one of the following effects of creation of black money in India has been the main cause of worry to the Government of India?

    aDiversion of resources to the purchase of real estate and investment in luxury housingbInvestment in unproductive activities and purchase of precious stones, jewellery, gold, etc.cLarge donations to political parties and growth of regionalismdLoss of revenue to the State Exchequer due to tax evasion
14. Prelims 2021Q10Inflation

    Which one of the following is likely to be the most inflationary in its effects?

    aRepayment of public debtbBorrowing from the public to finance a budget deficitcBorrowing from the banks to finance a budget deficitdCreation of new money to finance a budget deficit
15. Prelims 2021Q11Money & Banking

    The money multiplier in an economy increases with which one of the following?

    aIncrease in the Cash Reserve Ratio in the banksbIncrease in the Statutory Liquidity Ratio in the bankscIncrease in the banking habit of the peopledIncrease in the population of the country
16. Prelims 2021Q12Inflation

    With reference to Indian economy, demand-pull inflation can be caused/increased by which of the following?

    1.Expansionary policies

    2.Fiscal stimulus

    3.Inflation-indexing wages

    4.Higher purchasing power

    5.Rising interest rates

    Select the correct answer using the code given below.

    a1, 2 and 4 onlyb3, 4 and 5 onlyc1, 2, 3 and 5 onlyd1, 2, 3, 4 and 5
17. Prelims 2021Q13Financial Markets & Institutions

    With reference to India, consider the following statements :

    1.Retail investors through demat account can invest in ‘Treasury Bills’ and ‘Government of India Debt Bonds’ in primary market.

    2.The ‘Negotiated Dealing System-Order Matching’ is a government securities trading platform of the Reserve Bank of India.

    3.The ‘Central Depository Services Ltd.’ is jointly promoted by the Reserve Bank of India and the Bombay Stock Exchange.

    Which of the statements given above is/are correct?

    a1 onlyb1 and 2c3 onlyd2 and 3
18. Prelims 2021Q14Poverty, Unemployment & Social Sector

    With reference to ‘WaterCredit’, consider the following statements :

    1.It puts microfinance tools to work in the water and sanitation sector.

    2.It is a global initiative launched under the aegis of the World Health Organization and the World Bank.

    3.It aims to enable the poor people to meet their water needs without depending on subsidies.

    Which of the statements given above are correct?

    a1 and 2 onlyb2 and 3 onlyc1 and 3 onlyd1, 2 and 3
19. Prelims 2021Q15Money & Banking

    In India, the central bank’s function as the ‘lender of last resort’ usually refers to which of the following?

    1.Lending to trade and industry bodies when they fail to borrow from other sources

    2.Providing liquidity to the banks having a temporary crisis

    3.Lending to governments to finance budgetary deficits

    Select the correct answer using the code given below.

    a1 and 2b2 onlyc2 and 3d3 only
20. Prelims 2020Q6Fiscal Policy & Budget

    Along with the Budget, the Finance Minister also places other documents before the Parliament which include ‘The Macro Economic Framework Statement’. The aforesaid document is presented because this is mandated by

    aLong standing parliamentary conventionbArticle 112 and Article 110(1) of the Constitution of IndiacArticle 113 of the Constitution of IndiadProvisions of the Fiscal Responsibility and Budget Management Act, 2003