SawaalBoxसवाल बॉक्स

UPSC Prelims 1995

147 questions, in the order they were asked.

1995 · Q27Indian EconomyBanking & Financial Sectormoderate

As part of the liberalisation programme and with a view to attracting foreign exchange, the Government and the RBI have devised two schemes known as FCNR-‘A’ and FCNR-‘B’. Which of the following is/are true regarding these two schemes? I. Under scheme ‘A’ RBI bears exchange rate fluctuations. II. Under scheme ‘B’, other banks are to meet out the difference in exchange rate fluctuations. III. Both the schemes stand withdrawn now. IV. Only scheme ‘A’ has been withdrawn. Select the correct answer from the codes given below:

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

1995 · Q32Environment & EcologyWater & Wetland Conservationmoderate

“Monoculture of commercially viable trees is destroying the unique natural profile of ……… Thoughtless exploitation of timber, deforesting vast tracts for palm cultivation, destruction of mangroves, illegal logging by tribals and poaching only compound the problem. Fresh water pockets are fast drying up due to deforestation and destruction of mangroves.” The place referred to in this quotation is

  1. (a)Sundarbans
  2. (b)Kerala Coast
  3. (c)Orissa Coast
  4. (d)Andaman and Nicobar Islands
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Official answer(a) Sundarbans

1995 · Q35Indian EconomyExternal Sector & Balance Of Paymentsdifficult

Which of the following pairs are correctly matched? I. Increase in foreign exchange reserves ................. Monetary expansion II. Low import growth rate in India ...................... Recession in Indian Industry III. Euro issues ................ Shares held by Indian companies in European countries IV. Portfolio investment ............... Foreign institutional investors Select the correct answer by using the following codes:

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

1995 · Q36Indian PolityUnion & State Executivemoderate

Article 156 of the Constitution of India provides that a Governor shall hold office for a term of five years from the date on which he enters upon his office. Which of the following can be deduced from this? I. No Governor can be removed from office till completion of his term. II. No Governor can continue in office beyond a period of five years. Select the correct answer from the codes given below:

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

1995 · Q46Indian EconomyTaxationeasy

Corporation tax

  1. (a)is levied and appropriated by the States
  2. (b)is levied by the Union and collected and appropriated by the States
  3. (c)is levied by the Union and shared by the Union and the States
  4. (d)is levied by the Union and belongs to it exclusively
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Official answer(d) is levied by the Union and belongs to it exclusively