SawaalBoxसवाल बॉक्स

Indian Economy

621 questions asked in UPSC Prelims.

2000 · Q67Indian EconomyInfrastructure & Industrymoderate

Match List I with List II and select the correct answer using the codes given below the Lists: List I (Industrial Unit) I. Atlas Cycle Company Ltd. II. Bharat Earth Movers Ltd. III. Indian Farmers Fertilisers Cooperative Ltd. IV. National Aluminium Company Ltd. List II (Centre) A) Bangalore B) Bhubaneswar C) Kalol D) Sonepat Codes:

  1. (a)I-A, II-D, III-B, IV-C
  2. (b)I-A, II-D, III-C, IV-B
  3. (c)I-D, II-A, III-B, IV-C
  4. (d)I-D, II-A, III-C, IV-B
Show answerHide answer

Official answer(d) I-D, II-A, III-C, IV-B

2000 · Q73Indian EconomyNational Income & Economic Growtheasy

Match List I with List II and select the correct answer using the codes given below the Lists: List I I. Boom II. Recession III. Depression IV. Recovery List II A) Business activity at high level with increasing income, output and employment at macro level B) Gradual fall of income, output and employment with business activity in a low gear C) Unprecedented level of under employment and unemployment, drastic fall in income, output and employment D) Steady rise in the general level of prices, income, output and employment Codes:

  1. (a)I-A, II-B, III-C, IV-D
  2. (b)I-A, II-B, III-D, IV-C
  3. (c)I-B, II-A, III-D, IV-C
  4. (d)I-B, II-A, III-C, IV-D
Show answerHide answer

Official answer(a) I-A, II-B, III-C, IV-D

2000 · Q88Indian EconomyExternal Sector & Balance Of Paymentsmoderate

Assertion (A): The rate of growth of India’s exports has shown an appreciable increase after 1991. Reason (R): The Government of India has resorted to devaluation.

  1. (a)Both A and R are true, and R is the correct explanation of A
  2. (b)Both A and R are true, but R is not a correct explanation of A
  3. (c)A is true, but R is false
  4. (d)A is false, but R is true
Show answerHide answer

Official answer(b) Both A and R are true, but R is not a correct explanation of A

1999 · Q10Indian EconomyHuman Development, Poverty & Employment Schemesmoderate

Persons below the poverty line in India are classified as such based on whether

  1. (a)they are entitled to a minimum prescribed food basket
  2. (b)they get work for a prescribed minimum number of days in a year
  3. (c)they belong to agricultural labourer household and the scheduled caste/tribe social group
  4. (d)their daily wages fall below the prescribed minimum wages
Show answerHide answer

Official answer(a) they are entitled to a minimum prescribed food basket

1999 · Q12Indian EconomyNational Income & Economic Growthmoderate

Consider the following statements: Regional disparities in India are high and have been rising in recent years because 1. There is persistent investment over time only in select locales. 2. Some areas are agro-climatically less conducive to development. 3. Some areas continue to face little or no agrarian transformation and the consequent lack of social and economic opportunities. 4. Some areas have faced continuous political instability. Which of the above statements are correct?

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

Official answer(a) 1, 2 and 3

1999 · Q20Indian EconomyInfrastructure & Industrymoderate

Consider the following statements: Industrial development in India, to an extent, is constrained by I. Lack of adequate entrepreneurship and leadership in business. II. Lack of savings to invest. III. Lack of technology, skills and infrastructure. IV. Limited purchasing power among the larger masses. Which of the above statements are correct?

  1. (a)I, II and III
  2. (b)I, III and IV
  3. (c)II, III and IV
  4. (d)I, II and IV
Show answerHide answer

Official answer(c) II, III and IV

1999 · Q22Indian EconomyHuman Development, Poverty & Employment Schemesmoderate

Among which one of the following sets of social/religious groups is the extent of poverty the highest, as per Government statistics for the nineties?

  1. (a)Muslims in Kerala, Gujarat and Andhra Pradesh
  2. (b)Tribals in Bihar, Orissa, Madhya Pradesh and Maharashtra
  3. (c)Scheduled Castes in Punjab, Western Uttar Pradesh, northern Rajasthan and Tamil Nadu
  4. (d)Christians in Gujarat, Maharashtra and Assam
Show answerHide answer

Official answer(b) Tribals in Bihar, Orissa, Madhya Pradesh and Maharashtra

1999 · Q24Indian EconomyInfrastructure & Industryeasy

Tourism industry in India is quite small compared to many other countries in terms of India’s potential and size. Which one of the following statements is correct in this regard?

  1. (a)Distances in India are too far apart and its luxury hotels are too expensive for western tourists
  2. (b)For most of the months India is too hot for western tourists to feel comfortable
  3. (c)Most of the picturesque resorts in India such as in the Northeast and Kashmir are, for all practical purposes, out of bounds
  4. (d)In India, the infrastructure required for attracting tourists is inadequate
Show answerHide answer

Official answer(d) In India, the infrastructure required for attracting tourists is inadequate

1999 · Q39Indian EconomyEconomic Planning & Five-Year Plansmoderate

The planning process in the industrial sector in India has assumed a relatively less important position in the nineties as compared to that in the earlier period. Which one of the following is true in this regard?

  1. (a)With the advent of liberalisation, industrial investments/development have largely been placed within the domain of private and multinational sectors
  2. (b)With markets assuming a central place, the role of central planning in many sectors has been rendered redundant
  3. (c)The focus of planning has shifted to sectors like human resource development, infrastructure, population control and welfare
  4. (d)The nation’s priorities have shifted away from industrial development to rural development
Show answerHide answer

Official answer(b) With markets assuming a central place, the role of central planning in many sectors has been rendered redundant

1999 · Q43Indian EconomyInfrastructure & Industrymoderate

Consider the following statements: Small-scale industries are, in most cases, not as efficient and competitive as the large-scale ones. Yet the Government provides preferential treatment and reservations in a range of products to the small firms because small-scale industries I. Provide higher employment on a per unit capital deployment basis. II. Promote a regional dispersion of industries and economic activities. III. Have performed better in export of manufactured products than the large-scale ones. IV. Provide jobs to low skill workers, who otherwise may not find employment avenues elsewhere. Which of the above statements are correct?

  1. (a)I and IV
  2. (b)I and II
  3. (c)II and III
  4. (d)III and IV
Show answerHide answer

Official answer(b) I and II

1999 · Q50Indian EconomyAgriculture & Rural Developmenteasy

The main sources of credit to the farmers include

  1. (a)the Primary Agricultural Cooperative Societies, commercial banks, RRBs and private moneylenders
  2. (b)the NABARD, RBI, commercial banks and private moneylenders
  3. (c)the District Central Cooperative Banks (DCCB), the lead banks, IRDP and JRY
  4. (d)the Large-scale Multi-purpose Adivasis Programme, DCCB, IFFCO and commercial banks
Show answerHide answer

Official answer(a) the Primary Agricultural Cooperative Societies, commercial banks, RRBs and private moneylenders

1999 · Q52Indian EconomyInfrastructure & Industryeasy

Trans chart is the

  1. (a)chartering wing of the Ministry of Surface Transport
  2. (b)container service established by Indian Railways
  3. (c)training institute of maritime studies and research
  4. (d)passenger insurance scheme of Indian Railways
Show answerHide answer

Official answer(a) chartering wing of the Ministry of Surface Transport

1999 · Q56Indian EconomyInfrastructure & Industrymoderate

The product life cycle from inception to demise is shown in the graph. Match List I with List II and select the correct answer using the codes given below the Lists: List I (Stage) I. Product Development II. Maturity III. Growth IV. Introduction List II (Zone) (1, 2, 3, 4 as marked in the graph) The original graph is not available for this question.

  1. (a)I-A, II-D, III-B, IV-C
  2. (b)I-A, II-D, III-C, IV-B
  3. (c)I-D, II-A, III-B, IV-C
  4. (d)I-D, II-A, III-C, IV-B
Show answerHide answer

Official answer(b) I-A, II-D, III-C, IV-B

1999 · Q60Indian EconomyHuman Development, Poverty & Employment Schemesmoderate

Which one of the following is the objective of National Renewal Fund?

  1. (a)To safeguard the interests of workers who may be affected by technological upgradation of industry or closure of sick units
  2. (b)To develop the core sector of the economy
  3. (c)For the development of infrastructure such as energy, transport, communications and irrigation
  4. (d)For human resource development such as full literacy, employment, population control, housing and drinking water
Show answerHide answer

Official answer(a) To safeguard the interests of workers who may be affected by technological upgradation of industry or closure of sick units

1999 · Q79Indian EconomyInternational Institutions & Reportsmoderate

Match List I with List II and select the correct answer using the codes given below the Lists: List I I. WTO II. IDA III. IMF IV. IBRD List II A) Provides loans to address short-term balance of payment problems B) Multi-lateral trade negotiation body C) Sanction of soft loans D) Facilitating lending and borrowings for reconstruction and development

  1. (a)I-B, II-C, III-D, IV-A
  2. (b)I-B, II-C, III-A, IV-D
  3. (c)I-C, II-B, III-D, IV-A
  4. (d)I-C, II-B, III-A, IV-D
Show answerHide answer

Official answer(b) I-B, II-C, III-A, IV-D

1999 · Q99Indian EconomyExternal Sector & Balance Of Paymentseasy

Assertion (A): Devaluation of a currency may promote export. Reason (R): Price of the country's products in the international market may fall due to devaluation.

  1. (a)Both A and R are true, and R is the correct explanation of A
  2. (b)Both A and R are true, but R is not a correct explanation of A
  3. (c)A is true, but R is false
  4. (d)A is false, but R is true
Show answerHide answer

Official answer(a) Both A and R are true, and R is the correct explanation of A

1999 · Q100Indian EconomyFiscal Policy & Budgeteasy

Assertion (A): Fiscal deficit is greater than budgetary deficit. Reason (R): Fiscal deficit is the borrowings from the Reserve Bank of India plus other liabilities of the Government to meet its expenditure.

  1. (a)Both A and R are true, and R is the correct explanation of A
  2. (b)Both A and R are true, but R is not a correct explanation of A
  3. (c)A is true, but R is false
  4. (d)A is false, but R is true
Show answerHide answer

Official answer(a) Both A and R are true, and R is the correct explanation of A