SawaalBoxसवाल बॉक्स

Indian Economy

621 questions asked in UPSC Prelims.

1998 · Q16Indian EconomyExternal Sector & Balance Of Paymentsmoderate

Consider the following statements: The price of any currency in the international market is decided by the I. World Bank II. Demand for goods/services provided by the country concerned III. Stability of the government of the concerned country IV. Economic potential of the country in question Of these statements:

  1. (a)I, II, III and IV are correct
  2. (b)II and III are correct
  3. (c)III and IV are correct
  4. (d)I and IV are correct
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Official answer(b) II and III are correct

1998 · Q91Indian EconomyExternal Sector & Balance Of Paymentsmoderate

Which one of the following is the correct sequence of decreasing order of the given currencies in terms of their value in Indian Rupees?

  1. (a)US dollar, Canadian dollar, New Zealand dollar, Hong Kong dollar
  2. (b)US dollar, New Zealand dollar, Canadian dollar, Hong Kong dollar
  3. (c)US dollar, Hong Kong dollar, New Zealand dollar, Canadian dollar
  4. (d)US dollar, Hong Kong dollar, Canadian dollar, New Zealand dollar
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Official answer(a) US dollar, Canadian dollar, New Zealand dollar, Hong Kong dollar

1998 · Q93Indian EconomyExternal Sector & Balance Of Paymentsmoderate

Capital Account Convertibility of the Indian Rupee implies

  1. (a)that the Indian Rupee can be exchanged by the authorised dealers for travel
  2. (b)that the Indian Rupee can be exchanged for any major currency for the purpose of trade in goods and services
  3. (c)that the Indian Rupee can be exchanged for any major currency for the purpose of trading financial assets
  4. (d)None of the above
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Official answer(c) that the Indian Rupee can be exchanged for any major currency for the purpose of trading financial assets

1998 · Q132Indian EconomyAgriculture & Rural Developmentmoderate

The table below indicates the performance of India in rice and wheat production from 1950-51 to 1995-96. Which of the following conclusions arrived at from the above table would be valid? I. Record production of rice as well as wheat has been in 1994-95. II. The ratio of wheat to rice production seems to have steadily increased over 16 years. III. Wheat has not been popular among the Indian population before 1980. IV. India became self-sufficient in rice and wheat only after 1990. Select the correct answer using the codes given below:

  1. (a)I and II
  2. (b)I, II, III and IV
  3. (c)III and IV
  4. (d)None of the above
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Official answer(a) I and II

1997 · Q29Indian EconomyBanking & Financial Sectormoderate

Match List I with List II and select the correct answer by using the codes given below the lists: List I (Committees) I. Disinvestment of shares in Public Sector Enterprises II. Industrial Sickness III. Tax Reforms IV. Reforms in Insurance Sector List II (Chaired by) A) Rajah Chelliah B) Onkar Goswami C) R. N. Malhotra D) C. Rangarajan Codes:

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

1997 · Q51Indian EconomyFinancial Markets & Capital Marketsmoderate

The behaviour of a fictitious stock market index (comprising a weighted average of the market prices of a selected list of companies including some multinational corporations (MNCs) over a 15-day period is shown in the graph. The behaviour of the MNC’s in the same period is also shown in the second graph. Which one of the following is a valid conclusion? The original graph is not available for this question.

  1. (a)MNC’s fell steeper in the period depicted
  2. (b)Share prices of every non-MNC company soared by over 5% on the 12th day
  3. (c)Government announced a policy disfavouring MNC’s on the 11th day
  4. (d)Whatever be the reason favouring market revival on the 12th day, it appears to be relevant only to non-MNC companies
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Official answer(d) Whatever be the reason favouring market revival on the 12th day, it appears to be relevant only to non-MNC companies

1997 · Q53Indian EconomyExternal Tradedifficult

Match List I with List II and select the correct answer by using the codes given below the lists: List I (Commodities exported from India) — List II (Countries of destination) I. Iron-ore — A) Russia II. Leather goods — B) USA III. Tea — C) Japan IV. Cotton fabrics — D) UK E) Canada

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