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Indian Economy

621 questions asked in UPSC Prelims.

2019 · Q2Indian EconomyAgriculture & Rural Developmentmoderate

With reference to land reforms in independent India, which one of the following statements is correct?

  1. (a)The ceiling laws were aimed at family holdings and not individual holdings.
  2. (b)The major aim of land reforms was providing agricultural land to all the landless.
  3. (c)It resulted in cultivation of cash crops as a predominant form of cultivation.
  4. (d)Land reforms permitted no exemptions to the ceiling limits.
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Official answer(b) The major aim of land reforms was providing agricultural land to all the landless.

2019 · Q48Indian EconomyInfrastructure & Industrymoderate

Consider the following statements : 1. Coal sector was nationalized by the Government of India under Indira Gandhi. 2. Now, coal blocks are allocated on lottery basis. 3. Till recently, India imported coal to meet the shortages of domestic supply, but now India is self-sufficient in coal production. Which of the statements given above is/are correct?

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

2019 · Q60Indian EconomyHuman Development, Poverty & Employment Schemesmoderate

Consider the following statements : As per the Industrial Employment (Standing Orders) Central (Amendment) Rules, 2018 1. if rules for fixed-term employment are implemented, it becomes easier for the firms/companies to lay off workers 2. no notice of termination of employment shall be necessary in the case of temporary workman Which of the statements given above is/are correct?

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

2019 · Q62Indian EconomyInfrastructure & Industrymoderate

With reference to the management of minor minerals in India, consider the following statements : 1. Sand is a ‘minor mineral’ according to the prevailing law in the country. 2. State Governments have the power to grant mining leases of minor minerals, but the powers regarding the formation of rules related to the grant of minor minerals lie with the Central Government. 3. State Governments have the power to frame rules to prevent illegal mining of minor minerals. Which of the statements given above is/are correct?

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

2019 · Q70Indian EconomyEconomic Planning & Five-Year Plansmoderate

With reference to India’s Five-Year Plans, which of the following statements is/are correct? 1. From the Second Five-Year Plan, there was a determined thrust towards substitution of basic and capital good industries. 2. The Fourth Five-Year Plan adopted the objective of correcting the earlier trend of increased concentration of wealth and economic power. 3. In the Fifth Five-Year Plan, for the first time, the financial sector was included as an integral part of the Plan. Select the correct answer using the code given below.

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

2019 · Q72Indian EconomyBanking & Financial Sectormoderate

What was the purpose of Inter-Creditor Agreement signed by Indian banks and financial institutions recently?

  1. (a)To lessen the Government of India’s perennial burden of fiscal deficit and current account deficit
  2. (b)To support the infrastructure projects of Central and State Governments
  3. (c)To act as independent regulator in case of applications for loans of ₹ 50 crore or more
  4. (d)To aim at faster resolution of stressed assets of ₹ 50 crore or more which are under consortium lending
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Official answer(d) To aim at faster resolution of stressed assets of ₹ 50 crore or more which are under consortium lending

2019 · Q74Indian EconomyInfrastructure & Industrymoderate

Consider the following statements : 1. Petroleum and Natural Gas Regulatory Board (PNGRB) is the first regulatory body set up by the Government of India. 2. One of the tasks of PNGRB is to ensure competitive markets for gas. 3. Appeals against the decisions of PNGRB go before the Appellate Tribunals for Electricity. Which of the statements given above are correct?

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

2019 · Q83Indian EconomyAgriculture & Rural Developmentdifficult

With reference to the cultivation of Kharif crops in India in the last five years, consider the following statements : 1. Area under rice cultivation is the highest. 2. Area under the cultivation of jowar is more than that of oilseeds. 3. Area of cotton cultivation is more than that of sugarcane. 4. Area under sugarcane cultivation has steadily decreased. Which of the statements given above are correct?

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

2019 · Q86Indian EconomyExternal Sector & Balance Of Paymentsmoderate

Which one of the following is not the most likely measure the Government/RBI takes to stop the slide of Indian rupee?

  1. (a)Curbing imports of non-essential goods and promoting exports
  2. (b)Encouraging Indian borrowers to issue rupee denominated Masala Bonds
  3. (c)Easing conditions relating to external commercial borrowing
  4. (d)Following an expansionary monetary policy
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Official answer(d) Following an expansionary monetary policy

2019 · Q87Indian EconomyDigital Payments & Financial Inclusionmoderate

Consider the following statements : The Reserve Bank of India's recent directives relating to 'Storage of Payment System Data', popularly known as data diktat, command the payment system providers that 1. they shall ensure that entire data relating to payment systems operated by them are stored in a system only in India 2. they shall ensure that the systems are owned and operated by public sector enterprises 3. they shall submit the consolidated system audit report to the Comptroller and Auditor General of India by the end of the calendar year Which of the statements given above is/are correct?

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