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Indian Economy

621 questions asked in UPSC Prelims.

2014 · Q32Indian EconomyDigital Payments & Financial Inclusioneasy

What is/are the facility/facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in branchless areas? 1. It enables the beneficiaries to draw their subsidies and social security benefits in their villages. 2. It enables the beneficiaries in the rural areas to make deposits and withdrawals. Select the correct answer using the code given below.

  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

2014 · Q33Indian EconomyMonetary Policy & Money Supplymoderate

In the context of Indian economy, which of the following is/are the purpose/purposes of ‘Statutory Reserve Requirements’? 1. To enable the Central Bank to control the amount of advances the banks can create 2. To make the people’s deposits with banks safe and liquid 3. To prevent the commercial banks from making excessive profits 4. To force the banks to have sufficient vault cash to meet their day-to-day requirements Select the correct answer using the code given below.

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

2014 · Q38Indian EconomyInfrastructure & Industrymoderate

With reference to two non-conventional energy sources called ‘coalbed methane’ and ‘shale gas’, consider the following statements : 1. Coalbed methane is the pure methane gas extracted from coal seams, while shale gas is a mixture of propane and butane only that can be extracted from fine-grained sedimentary rocks. 2. In India, abundant coalbed methane sources exist, but so far no shale gas sources have been found. 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(d) Neither 1 nor 2

2014 · Q94Indian EconomyAgriculture & Rural Developmentmoderate

In the context of food and nutritional security of India, enhancing the 'Seed Replacement Rates' of various crops helps in achieving the food production targets of the future. But what is/are the constraint/constraints in its wider/greater implementation? 1. There is no National Seeds Policy in place. 2. There is no participation of private sector seed companies in the supply of quality seeds of vegetables and planting materials of horticultural crops. 3. There is a demand-supply gap regarding quality seeds in case of low value and high volume crops. Select the correct answer using the code given below.

  1. (a)1 and 2
  2. (b)3 only
  3. (c)2 and 3
  4. (d)None
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Official answer(b) 3 only

2013 · Q13Indian EconomyAgriculture & Rural Developmentmoderate

With reference to the usefulness of the by-products of the sugar industry, which of the following statements is/are correct? 1. Bagasse can be used as biomass fuel for the generation of energy. 2. Molasses can be used as one of the feedstocks for the production of synthetic chemical fertilizers. 3. Molasses can be used for the production of ethanol. Select the correct answer using the codes given below:

  1. (a)1 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(c) 1 and 3 only

2013 · Q41Indian EconomyExternal Sector & Balance Of Paymentseasy

The balance of payments of a country is a systematic record of

  1. (a)all import and export transactions of a country during a given period of time, normally a year
  2. (b)goods exported from a country during a year
  3. (c)economic transaction between the government of one country to another
  4. (d)capital movements from one country to another
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Official answer(a) all import and export transactions of a country during a given period of time, normally a year

2013 · Q83Indian EconomyExternal Sector & Balance Of Paymentseasy

Which one of the following groups of items is included in India’s foreign-exchange reserves?

  1. (a)Foreign-currency assets, Special Drawing Rights (SDRs) and loans from foreign countries
  2. (b)Foreign-currency assets, gold holdings of the RBI and SDRs
  3. (c)Foreign-currency assets, loans from the World Bank and SDRs
  4. (d)Foreign-currency assets, gold holdings of the RBI and loans from the World Bank
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Official answer(b) Foreign-currency assets, gold holdings of the RBI and SDRs