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Indian Economy

621 questions asked in UPSC Prelims.

2006 · Q27Indian EconomyFinancial Markets & Capital Marketseasy

What is IndoNext which was launched in January, 2005?

  1. (a)A new scheme to promote Indian tourism
  2. (b)A new scheme to promote export of Indian handicrafts
  3. (c)An association of the Non-Resident Indians to organize Pravasi Bharatiya Divas every year in India
  4. (d)An alternative trading platform being promoted by the Bombay Stock Exchange and Regional Stock Exchanges
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Official answer(d) An alternative trading platform being promoted by the Bombay Stock Exchange and Regional Stock Exchanges

2006 · Q42Indian EconomyExternal Sector & Balance Of Paymentsmoderate

Consider the following statements: 1. In India, during the financial year 2004-2005 an increase of below 10 % over the value of exports (in rupee terms) in the financial year 2003-2004 was reported. 2. According to the WTO, India’s share in the world merchandise exports is 2 % in the year 2005. 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

2006 · Q65Indian EconomyInfrastructure & Industrymoderate

Consider the following statements: 1. Appellate Tribunal for Electricity has been established by each State Government in India. 2. One of the components of the Accelerated Power Development and Reforms Programme (APDRP) is upgradation of sub-transmission and distribution system for electricity in India. 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(b) 2 only

2006 · Q73Indian EconomyHuman Development, Poverty & Employment Schemesmoderate

Consider the following statements in respect of the National Rural Employment Guarantee Act, 2005 : 1. Under the provisions of the Act, 100 days of employment in a year to every household whose adult members volunteer to do unskilled manual work has become a fundamental right. 2. Under the provisions of the Act, women are to get priority to the extent that one-half of persons who are given employment are women who have asked for work. 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

2006 · Q105Indian EconomyBanking & Financial Sectormoderate

Consider the following statements: 1. Life Insurance Corporation of India is the oldest insurance company in India. 2. National Insurance Company Limited was nationalized in the year 1972 and made a subsidiary of General Insurance Corporation of India. 3. Headquarters of United India Insurance Company Limited are located at Chennai. Which of the statements given above are correct?

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

2005 · Q34Indian EconomyInfrastructure & Industrymoderate

Which one of the following statements is NOT correct?

  1. (a)Rourkela Steel Plant, the first integrated steel plant in the Public Sector of India was set up with the Soviet Union collaboration
  2. (b)Salem Steel Plant is a premier producer of stainless steel in India.
  3. (c)Maharashtra Elektrosmelt Ltd. is a subsidiary of the Steel Authority of India Ltd.
  4. (d)Visakhapatnam Steel Plant is a unit of the Rashtriya Ispat Nigam Ltd.
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Official answer(a) Rourkela Steel Plant, the first integrated steel plant in the Public Sector of India was set up with the Soviet Union collaboration

2005 · Q35Indian EconomyInfrastructure & Industrymoderate

Match items in the List-I with List-II and select the correct answer using the codes given below the lists: List I (Person) (A) V.R.S. Natrajan (B) A.K. Puri (C) V. Thulasidas (D) Jogdish Khattar List II (Organization) 1. Bharat Heavy Electricals Limited 2. Air India 3. Maruti Udyog Limited 4. Bharat Earth Movers Limited 5. Indian Space Research Organization

  1. (a)A 2 B 3 C 5 D 1
  2. (b)A 4 B 1 C 2 D 3
  3. (c)A 2 B 1 C 5 D 3
  4. (d)A 4 B 3 C 2 D 1
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Official answer(b) A 4 B 1 C 2 D 3

2005 · Q72Indian EconomyInternational Institutions & Reportsmoderate

Consider the following statements : 1. Poverty Reduction and Growth Facility (PRGF) has been established by the International Development Association (IDA) to provide further assistance to low-income countries facing high level of indebtedness. 2. Singapore Regional Training Institute (STI) is one of the institutes that provide training in macroeconomics analysis and policy, and related subjects as a part of programme of the IMF Institute. 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(b) 2 only

2005 · Q91Indian EconomyInfrastructure & Industrymoderate

Consider the following statements : 1. Liquefied Natural Gas (LNG) is liquefied under extremely cold temperatures and high pressure to facilitate storage or transportation in specially designed vessels. 2. First LNG terminal in India was built in Hassan. 3. Natural Gas Liquids (NGL) are separated from LPG and these include ethane, propane, butane and natural gasoline. Which of the statements given above is/are correct?

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

2005 · Q114Indian EconomyInfrastructure & Industrymoderate

Which one of the following pairs is NOT correctly matched? Project — Company

  1. (a)Integrated Steel Plant at Jaipur (Orissa) — Steel Authority of India
  2. (b)Power Plant at Jamnagar (Gujarat) — Essar Power
  3. (c)Nabinagar Power Plant (Bihar) — Indian Railways
  4. (d)Kayamkulam Power Plant (Kerala) — National Thermal Power Corporation
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Official answer(a) Integrated Steel Plant at Jaipur (Orissa) — Steel Authority of India

2005 · Q140Indian EconomyBanking & Financial Sectormoderate

Consider the following statements: 1. Global Trust Bank has been amalgamated with the Punjab National Bank. 2. The second report of the Kelkar Committee dealing with direct and indirect taxes has maintained its original recommendations, including the abolition of exemptions relating to housing loans. 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

2005 · Q141Indian EconomyHuman Development, Poverty & Employment Schemesmoderate

Which one of the following are the correct statements on the basis of Census-2001?

  1. (a)Bihar has the highest percentage of the Scheduled Castes of its population.
  2. (b)The decadal growth of population of India (1991-2001) has been below 20 %.
  3. (c)Mizoram is the Indian State with the least population.
  4. (d)Pondicherry has the highest sex ratio among the Union Territories.
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Official answer(d) Pondicherry has the highest sex ratio among the Union Territories.

2005 · Q143Indian EconomyHuman Development, Poverty & Employment Schemesmoderate

Consider the following statements: 1. India is the second country in the world to adopt a National Family Planning Programme. 2. The National Population Policy of India, 2000 seeks to achieve replacement level of fertility by 2010 with a population of 111 crores. 3. Kerala is the first State in India to achieve replacement level of fertility. Which of the statements given above is/are correct?

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