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Indian Economy

621 questions asked in UPSC Prelims.

2015 · Q22Indian EconomyMonetary Policy & Money Supplymoderate

When the Reserve Bank of India reduces the Statutory Liquidity Ratio by 50 basis points, which of the following is likely to happen?

  1. (a)India's GDP growth rate increases drastically
  2. (b)Foreign Institutional Investors may bring more capital into our country
  3. (c)Scheduled Commercial Banks may cut their lending rates
  4. (d)It may drastically reduce the liquidity to the banking system
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Official answer(c) Scheduled Commercial Banks may cut their lending rates

2015 · Q65Indian EconomyBanking & Financial Sectormoderate

'Basel III Accord' or simply 'Basel III', often seen in the news, seeks to

  1. (a)develop national strategies for the conservation and sustainable use of biological diversity
  2. (b)improve banking sector's ability to deal with financial and economic stress and improve risk management
  3. (c)reduce the greenhouse gas emissions but places a heavier burden on developed countries
  4. (d)transfer technology from developed countries to poor countries to enable them to replace the use of chlorofluorocarbons in refrigeration with harmless chemicals
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Official answer(b) improve banking sector's ability to deal with financial and economic stress and improve risk management

2015 · Q87Indian EconomyInflation & Price Indiceseasy

With reference to inflation in India, which of the following statements is correct?

  1. (a)Controlling the inflation in India is the responsibility of the Government of India only
  2. (b)The Reserve Bank of India has no role in controlling the inflation
  3. (c)Decreased money circulation helps in controlling the inflation
  4. (d)Increased money circulation helps in controlling the inflation
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Official answer(c) Decreased money circulation helps in controlling the inflation

2015 · Q97Indian EconomyAgriculture & Rural Developmentmoderate

Which one of the following best describes the main objective of ‘Seed Village Concept’?

  1. (a)Encouraging the farmers to use their own farm seeds and discouraging them to buy the seeds from others
  2. (b)Involving the farmers for training in quality seed production and thereby to make available quality seeds to others at appropriate time and affordable cost
  3. (c)Earmarking some villages exclusively for the production of certified seeds
  4. (d)Identifying the entrepreneurs in villages and providing them technology and finance to set up seed companies
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Official answer(b) Involving the farmers for training in quality seed production and thereby to make available quality seeds to others at appropriate time and affordable cost