Indian Economy PYQs

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1. Prelims 2019Q3International Organisations & Reports

   The Global Competitiveness Report is published by the

   aInternational Monetary FundbUnited Nations Conference on Trade and DevelopmentcWorld Economic ForumdWorld Bank
2. Prelims 2019Q19Planning & NITI Aayog

   Atal Innovation Mission is set up under the

   aDepartment of Science and TechnologybMinistry of Labour and EmploymentcNITI AayogdMinistry of Skill Development and Entrepreneurship
3. Prelims 2019Q24Poverty, Unemployment & Social Sector

   In a given year in India, official poverty lines are higher in some States than in others because

   apoverty rates vary from State to Statebprice levels vary from State to StatecGross State Product varies from State to Statedquality of public distribution varies from State to State
4. Prelims 2019Q48Industry & Infrastructure

   Consider the following statements :

   1.Coal sector was nationalized by the Government of India under Indira Gandhi.

   2.Now, coal blocks are allocated on lottery basis.

   3.Till recently, India imported coal to meet the shortages of domestic supply, but now India is self-sufficient in coal production.

   Which of the statements given above is/are correct?

   a1 onlyb2 and 3 onlyc3 onlyd1, 2 and 3
5. Prelims 2019Q57International Trade & WTO

   Consider the following statements :

   1.According to the Indian Patents Act, a biological process to create a seed can be patented in India.

   2.In India, there is no Intellectual Property Appellate Board.

   3.Plant varieties are not eligible to be patented in India.

   Which of the statements given above is/are correct?

   a1 and 3 onlyb2 and 3 onlyc3 onlyd1, 2 and 3
6. Prelims 2019Q60Poverty, Unemployment & Social Sector

   Consider the following statements :

   As per the Industrial Employment (Standing Orders) Central (Amendment) Rules, 2018

   1.if rules for fixed-term employment are implemented, it becomes easier for the firms/companies to lay off workers

   2.no notice of termination of employment shall be necessary in the case of temporary workman

   Which of the statements given above is/are correct?

   a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
7. Prelims 2019Q61Money & Banking

   The Service Area Approach was implemented under the purview of

   aIntegrated Rural Development ProgrammebLead Bank SchemecMahatma Gandhi National Rural Employment Guarantee SchemedNational Skill Development Mission
8. Prelims 2019Q63External Sector: BoP, FDI & Exchange Rate

   Consider the following statements :

   1.Most of India’s external debt is owed by governmental entities.

   2.All of India’s external debt is denominated in US dollars.

   Which of the statements given above is/are correct?

   a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
9. Prelims 2019Q64Money & Banking

   Which of the following is not included in the assets of a commercial bank in India?

   aAdvancesbDepositscInvestmentsdMoney at call and short notice
10. Prelims 2019Q65External Sector: BoP, FDI & Exchange Rate

    In the context of India, which of the following factors is/are contributor/contributors to reducing the risk of a currency crisis?

    1.The foreign currency earnings of India’s IT sector

    2.Increasing the government expenditure

    3.Remittances from Indians abroad

    Select the correct answer using the code given below.

    a1 onlyb1 and 3 onlyc2 onlyd1, 2 and 3
11. Prelims 2019Q67Financial Markets & Institutions

    Which of the following is issued by registered foreign portfolio investors to overseas investors who want to be part of the Indian stock market without registering themselves directly?

    aCertificate of DepositbCommercial PapercPromissory NotedParticipatory Note
12. Prelims 2019Q70Planning & NITI Aayog

    With reference to India’s Five-Year Plans, which of the following statements is/are correct?

    1.From the Second Five-Year Plan, there was a determined thrust towards substitution of basic and capital good industries.

    2.The Fourth Five-Year Plan adopted the objective of correcting the earlier trend of increased concentration of wealth and economic power.

    3.In the Fifth Five-Year Plan, for the first time, the financial sector was included as an integral part of the Plan.

    Select the correct answer using the code given below.

    a1 and 2 onlyb2 onlyc3 onlyd1, 2 and 3
13. Prelims 2019Q71International Organisations & Reports

    With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements :

    1.AIIB has more than 80 member nations.

    2.India is the largest shareholder in AIIB.

    3.AIIB does not have any members from outside Asia.

    Which of the statements given above is/are correct?

    a1 onlyb2 and 3 onlyc1 and 3 onlyd1, 2 and 3
14. Prelims 2019Q72Money & Banking

    What was the purpose of Inter-Creditor Agreement signed by Indian banks and financial institutions recently?

    aTo lessen the Government of India’s perennial burden of fiscal deficit and current account deficitbTo support the infrastructure projects of Central and State GovernmentscTo act as independent regulator in case of applications for loans of ₹ 50 crore or moredTo aim at faster resolution of stressed assets of ₹ 50 crore or more which are under consortium lending
15. Prelims 2019Q73Money & Banking

    The Chairmen of public sector banks are selected by the

    aBanks Board BureaubReserve Bank of IndiacUnion Ministry of FinancedManagement of concerned bank
16. Prelims 2019Q77International Organisations & Reports

    Which one of the following is not a sub-index of the World Bank's 'Ease of Doing Business Index'?

    aMaintenance of law and orderbPaying taxescRegistering propertydDealing with construction permits
17. Prelims 2019Q79Agriculture & Food Security

    The economic cost of food grains to the Food Corporation of India is Minimum Support Price and bonus (if any) paid to the farmers plus

    atransportation cost onlybinterest cost onlycprocurement incidentals and distribution costdprocurement incidentals and charges for godowns
18. Prelims 2019Q80National Income & Growth

    In the context of any country, which one of the following would be considered as part of its social capital?

    aThe proportion of literates in the populationbThe stock of its buildings, other infrastructure and machinescThe size of population in the working age groupdThe level of mutual trust and harmony in the society
19. Prelims 2019Q82National Income & Growth

    Consider the following statements :

    1.Purchasing Power Parity (PPP) exchange rates are calculated by comparing the prices of the same basket of goods and services in different countries.

    2.In terms of PPP dollars, India is the sixth largest economy in the world.

    Which of the statements given above is/are correct?

    a1 onlyb2 onlycBoth 1 and 2dNeither 1 nor 2
20. Prelims 2019Q84Agriculture & Food Security

    Among the agricultural commodities imported by India, which one of the following accounts for the highest imports in terms of value in the last five years?

    aSpicesbFresh fruitscPulsesdVegetable oils