In India, during the last decade the total cultivated land for which one of the following crops has remained more or less stagnant ?
- (a)Rice
- (b)Oilseeds
- (c)Pulses
- (d)Sugarcane
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Official answer(c) Pulses
Indian Economy
621 questions asked in UPSC Prelims.
Consider the following statements : 1. The Union Government fixes the Statutory Minimum Price of sugarcane for each sugar season. 2. Sugar and sugarcane are essential commodities under the Essential Commodities Act. Which of the statements given above is/are correct ?
- (a)1 only
- (b)2 only
- (c)Both 1 and 2
- (d)Neither 1 nor 2
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Official answer(c) Both 1 and 2
With reference to Indian economy, consider the following statements : 1. The Gross Domestic Product (GDP) has increased by four times in the last 10 years. 2. The percentage share of Public Sector in GDP has declined in the last 10 years. Which of the statements given above is/are correct ?
- (a)1 only
- (b)2 only
- (c)Both 1 and 2
- (d)Neither 1 nor 2
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Official answer(b) 2 only
The International Development Association, a lending agency, is administered by the
- (a)International Bank for Reconstruction and Development
- (b)International Fund for Agricultural Development
- (c)United Nations Development Programme
- (d)United Nations Industrial Development Organization
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Official answer(a) International Bank for Reconstruction and Development
Match List I with List II and select the correct answer using the code given below the lists: List I (Person) A. Anil Agarwal B. Gautam H. Singhania C. Sanjay Dalmia D. Venugopal Dhoot List II (Organization) 1. Gujarat Heavy Chemicals Ltd. 2. Raymond Ltd. 3. Vedanta Resources 4. Videocon Group
- (a)A-3 B-1 C-2 D-4
- (b)A-4 B-1 C-2 D-3
- (c)A-3 B-2 C-1 D-4
- (d)A-4 B-2 C-1 D-3
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Official answer(c) A-3 B-2 C-1 D-4
Consider the following statements: 1. MMTC Limited is India's largest international trading organisation. 2. Neelachal Ispat Nigam Limited has been set up by MMTC jointly with the Government of Orissa. Which of the statements given above is/are correct?
- (a)1 only
- (b)2 only
- (c)Both 1 and 2
- (d)Neither 1 nor 2
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Official answer(c) Both 1 and 2
In which one of the following States has India's largest private sector sea port been commissioned recently?
- (a)Andhra Pradesh
- (b)Karnataka
- (c)Kerala
- (d)Tamil Nadu
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Official answer(a) Andhra Pradesh
Which one of the following pairs is not correctly matched?
- (a)Japan : Nikkei
- (b)Singapore : Shcomp
- (c)UK : FTSE
- (d)USA : Nasdaq
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Official answer(b) Singapore : Shcomp
Consider the following statements: 1. The Commission for Agricultural Costs and Prices recommends the Minimum Support Prices for 32 crops. 2. The Union Ministry of Consumer Affairs, Food and Public Distribution has launched the National Food Security Mission. Which of the statements given above is/are correct?
- (a)1 only
- (b)2 only
- (c)Both 1 and 2
- (d)Neither 1 nor 2
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Official answer(d) Neither 1 nor 2
Among other things, which one of the following was the purpose for which the Deepak Parekh Committee was constituted?
- (a)To study the current socio-economic conditions of certain minority communities
- (b)To suggest measures for financing the development of infrastructure
- (c)To frame a policy on the production of genetically modified organisms
- (d)To suggest measures to reduce the fiscal deficit in the Union Budget
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Official answer(b) To suggest measures for financing the development of infrastructure
With which one of the following has the B. K. Chaturvedi Committee dealt?
- (a)Review of Centre-State relations
- (b)Review of Delimitation Act
- (c)Tax reforms and measures to increase revenues
- (d)Price reforms in the oil sector
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Official answer(d) Price reforms in the oil sector
With reference to the schemes launched by the Union Government, consider the following statements: 1. Ministry of Health and Family Welfare launched the Rashtriya Swasthya Bima Yojana. 2. Ministry of Textiles launched the Rajiv Gandhi Shilpi Swasthya Bima Yojana. Which of the statements given above is/are correct?
- (a)1 only
- (b)2 only
- (c)Both 1 and 2
- (d)Neither 1 nor 2
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Official answer(b) 2 only
Consider the following pairs : Large Bank Country of origin 1. ABN Amro Bank : USA 2. Barclays Bank : UK 3. Kookmin Bank : Japan Which of the above pairs is/are correctly matched ?
- (a)1 only
- (b)2 only
- (c)1 and 2
- (d)2 and 3
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Official answer(b) 2 only
Which one of the following brings out the publication called "Energy Statistics" from time to time ?
- (a)Central Power Research Institute
- (b)Planning Commission
- (c)Power Finance Corporation Ltd.
- (d)Central Statistical Organization
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Official answer(d) Central Statistical Organization
Consider the following : 1. Fringe Benefit Tax 2. Interest Tax 3. Securities Transaction Tax Which of the above is/are Direct Tax/Taxes ?
- (a)1 only
- (b)1 and 3 only
- (c)2 and 3 only
- (d)1, 2 and 3
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Official answer(d) 1, 2 and 3
During which Five Year Plan was the Emergency clamped, new elections took place and the Janata Party was elected ?
- (a)Third
- (b)Fourth
- (c)Fifth
- (d)Sixth
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Official answer(c) Fifth
Consider the following statements : 1. Infant mortality rate takes into account the death of infants within a month after birth. 2. Infant mortality rate is the number of infant deaths in a particular year, per 100 live births during that year. Which of the above statements is/are correct ?
- (a)1 only
- (b)2 only
- (c)Both 1 and 2
- (d)Neither 1 nor 2
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Official answer(d) Neither 1 nor 2
Consider the following statements : 1. The first telegraph line in India was laid between Kolkata (formerly Calcutta) and Diamond Harbour. 2. The first Export Processing Zone in India was set up in Kandla. Which of the statements given above is/are correct ?
- (a)1 only
- (b)2 only
- (c)Both 1 and 2
- (d)Neither 1 nor 2
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Official answer(c) Both 1 and 2
Consider the following statements regarding Indian Planning : 1. The Second Five-Year Plan emphasised on the establishment of heavy industries. 2. The Third Five-Year Plan introduced the concept of import substitution as a strategy for industrialisation. Which of the statements given above is/are correct ?
- (a)1 only
- (b)2 only
- (c)Both 1 and 2
- (d)Neither 1 nor 2
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Official answer(a) 1 only
Consider the following pairs : 1. Ashok Leyland : Hinduja Group 2. Hindalco Industries : A.V. Birla Group 3. Suzlon Energy : Punj Lloyd Group Which of the pairs given above is/are correctly matched ?
- (a)1 and 2 only
- (b)2 only
- (c)1 and 3 only
- (d)1, 2 and 3
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Official answer(a) 1 and 2 only
In the context of global economy, which one of the following pairs is not correctly matched ?
- (a)JP Morgan Chase : Financial Services
- (b)Roche Holding AG : Financial Services
- (c)WL Ross & Co. : Private Equity Firm
- (d)Warburg Pincus : Private Equity Firm
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Official answer(b) Roche Holding AG : Financial Services
In the context of independent India's economy, which one of the following was the earliest event to take place ?
- (a)Nationalisation of Insurance companies
- (b)Nationalisation of State Bank of India
- (c)Enactment of Banking Regulation Act
- (d)Introduction of First Five-Year Plan
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Official answer(c) Enactment of Banking Regulation Act
In the context of Indian news in recent times, what is MCX-SX ?
- (a)A kind of supercomputer
- (b)Title of Moon Impact Probe
- (c)Stock exchange
- (d)Nuclear-powered submarine
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Official answer(c) Stock exchange
Which of the following pairs about India's economic indicator and agricultural production (all in rounded figures) are correctly matched? 1. GDP per capita (current prices) : Rs 37,000 2. Rice : 180 million tons 3. Wheat : 75 million tons Select the correct answer using the code given below :
- (a)1, 2 and 3
- (b)1 and 2 only
- (c)2 and 3 only
- (d)1 and 3 only
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Official answer(d) 1 and 3 only
In August 2006, the Government of India notified the Rural Electrification Policy. This policy aims at provision of access to all households by which year?
- (a)2008
- (b)2009
- (c)2010
- (d)2012
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Official answer(b) 2009