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Indian Economy

621 questions asked in UPSC Prelims.

2003 · Q65Indian EconomyInfrastructure & Industryeasy

Which one of the following statements is correct?

  1. (a)Alliance Air is a wholly owned subsidiary of Indian Airlines
  2. (b)The Airports Authority of India manages seven of the country's international airports
  3. (c)The Airports Authority of India is the regulatory organisation for enforcing civil air regulations in India
  4. (d)It is the function of Directorate General of Civil Aviation to plan and construct runways and terminal buildings and to provide air safety services
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Official answer(a) Alliance Air is a wholly owned subsidiary of Indian Airlines

2003 · Q85Indian EconomyExternal Sector & Balance Of Paymentsmoderate

With reference to Government of India’s decisions regarding Foreign Direct Investment (FDI) during the year 2001-02, consider the following statements: 1. Out of the 100% FDI allowed by India in tea sector, the foreign firm would have to disinvest 33% of the equity in favour of an Indian partner within four years. 2. Regarding the FDI in print media in India, the single largest Indian shareholder should have a holding higher than 26%. Which of these statements is/are correct?

  1. (a)Only 1
  2. (b)Only 2
  3. (c)Both 1 and 2
  4. (d)Neither 1 nor 2
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Official answer(b) Only 2

2003 · Q96Indian EconomyBanking & Financial Sectormoderate

Consider the following statements: 1. The maximum limit of shareholding of Indian promoters in private sector banks in India is 49 per cent of the paid-up capital. 2. Foreign Direct Investment up to 49 per cent from all sources is permitted in private sector banks in India under the automatic route. Which of these statements is/are correct?

  1. (a)Only 1
  2. (b)Only 2
  3. (c)Both 1 and 2
  4. (d)Neither 1 nor 2
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Official answer(c) Both 1 and 2

2003 · Q102Indian EconomyExternal Sector & Balance Of Paymentsmoderate

Assertion (A): During the year 2001-02, the value of India’s total exports declined, registering a negative growth of 2.17%. Reason (R): During the year 2001-02, negative growth in exports was witnessed in respect of iron and steel, coffee, textiles and marine products.

  1. (a)Both A and R are individually true and R is the correct explanation of A
  2. (b)Both A and R are individually true but R is NOT the correct explanation of A
  3. (c)A is true but R is false
  4. (d)A is false but R is true
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Official answer(d) A is false but R is true

2003 · Q104Indian EconomyInternational Trade & WTOmoderate

Assertion (A): The new EXIM Policy is liberal, market-oriented and favours global trade. Reason (R): GATT has played a significant role in the liberalisation of economy.

  1. (a)Both A and R are individually true and R is the correct explanation of A
  2. (b)Both A and R are individually true but R is NOT the correct explanation of A
  3. (c)A is true but R is false
  4. (d)A is false but R is true
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Official answer(c) A is true but R is false

2002 · Q22Indian EconomyInternational Trade & WTOmoderate

Consider the following statements: 1. The World Intellectual Property Organisation (WIPO) is a specialised agency of United Nations System of Organisations 2. WIPO has its headquarters at Rome 3. The Trade Related Aspects of Intellectual Property Rights (TRIPS) Agreement is binding on all WTO members 4. Least-developed country members of WTO are not required to apply the provisions of TRIPS Agreements for a period of 20 years from the general date of application of the Agreement Which of these statements are correct?

  1. (a)1, 2, 3 and 4
  2. (b)2, 3 and 4
  3. (c)1, 2 and 4
  4. (d)1 and 3
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Official answer(d) 1 and 3

2002 · Q29Indian EconomyAgriculture & Rural Developmentmoderate

With reference to Indian agriculture, which one of the following statements is correct?

  1. (a)About 90 per cent of the area under pulses in India is rainfed.
  2. (b)The share of pulses in the gross cropped area at the national level has double in the last two decades
  3. (c)India accounts for about 15 per cent of the total area under rice in the world
  4. (d)Rice occupies about 34 per cent of the gross cropped area of India
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Official answer(a) About 90 per cent of the area under pulses in India is rainfed.

2002 · Q37Indian EconomyNational Income & Economic Growthmoderate

With reference to the Indian economy, consider the following activities: 1. Agriculture, Forestry and Fishing 2. Manufacturing 3. Trade, Hotels, Transport and Communication 4. Financing, Insurance, Real Estate and Business services The decreasing order of the contribution of these sectors to the Gross Domestic Product (GDP) at factor cost at constant prices (2000-01) is

  1. (a)3, 1, 2, 4
  2. (b)1, 3, 4, 2
  3. (c)3, 4, 1, 2
  4. (d)1, 3, 2, 4
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Official answer(c) 3, 4, 1, 2