Indian Economy Part 3
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Question No. 1 Marks +1 -0 Time
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With reference to the 'National Intellectual Property Rights Policy', consider the following statements: (2017)
1. It reiterates India's commitment to the Doha Development Agenda and the TRIPS Agreement.
2. Department of Industrial Policy and Promotion is the nodal agency for regulating intellectual property rights in India.
Which of the above statements is/are correct?
Question No. 2 Marks +1 -0 Time
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Which of the following best describes the term 'import cover', sometimes seen in the news? (2016)
Question No. 3 Marks +1 -0 Time
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In the context of which of the following do you sometimes find the terms 'amber box, blue box and green box' in the news? (2016)
Question No. 4 Marks +1 -0 Time
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With reference to the International Monetary and Financial Committee (IMFC), consider the following statements: (2016)
1. IMFC discusses matters of concern affecting the global economy, and advises the International Monetary Fund (IMF) on the direction of its work.
2. The World Bank participates as an observer in IMFC's meetings.
Which of the statements given above is/are correct?
Question No. 5 Marks +1 -0 Time
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With reference to Indian economy, consider the following statements: (2015)
1. The rate of growth of Real Gross Domestic Product has steadily increased in the last decade.
2. The Gross Domestic Product at market prices (in rupees) has steadily increased in the last decade.
Which of the statements given above is/are correct?
Question No. 6 Marks +1 -0 Time
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There has been a persistent deficit budget year after year. Which of the following actions can be taken by the government to reduce the deficit? (2015)
1. Reducing revenue expenditure
2. Introducing new welfare schemes
3. Rationalising subsidies
4. Expanding industries
Select the correct answer using the code given below.
Question No. 7 Marks +1 -0 Time
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Convertibility of rupee implies: (2015)
Question No. 8 Marks +1 -0 Time
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The problem of international liquidity is related to the nonavailability of: (2015)
Question No. 9 Marks +1 -0 Time
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With reference to the Union Budget, which of the following is/are covered under Non-Plan Expenditure? (2014)
1. Defence expenditure
2. Interest payments
3. Salaries and pensions
4. Subsidies
Select the correct answer using the code given below.
Question No. 10 Marks +1 -0 Time
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With reference to Balance of Payments, which of the following constitutes/constitute the Current Account? (2014)
1. Balance of trade
2. Foreign assets
3. Balance of invisibles
4. Special Drawing Rights
Select the correct answer using the code given below.
Question No. 11 Marks +1 -0 Time
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Which of the following constitute a Capital Account? (2013)
1. Foreign Loans
2. Foreign Direct Investment
3. Private Remittances
4. Portfolio Investment
Select the correct answer using the codes given below:
Question No. 12 Marks +1 -0 Time
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Which one of the following groups of items is included in India's foreign-exchange reserves? (2013)
Question No. 13 Marks +1 -0 Time
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Which of the following would include Foreign Direct Investment in India? (2012)
1. Subsidiaries of foreign companies in India.
2. Majority foreign equity holding in Indian companies.
3. Companies exclusively financed by foreign companies.
4. Portfolio investment.
Select the correct answer using the codes given below:
Question No. 14 Marks +1 -0 Time
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Consider the following statements: (2012)
The price of any currency in international market is decided by the
1. World Bank
2. Demand for goods/services provided by the country concerned
3. Stability of the government of the concerned country
4. Economic potential of the country in question
Which of the statements given above are correct?
Question No. 15 Marks +1 -0 Time
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In terms of economy, the visit by foreign nationals to witness the XIX common Wealth Games in India amounted to: (2011)
Question No. 16 Marks +1 -0 Time
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Consider the following actions which the government can take: (2011)
1. Devaluing the domestic currency.
2. Reduction in the export subsidy.
3. Adopting suitable policies which attract greater FDI and more funds from FIIs.
Which of the above action(s) can help in reducing the current account deficit?
Question No. 17 Marks +1 -0 Time
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Regarding the International Monetary Fund, which one of the following statements is correct? (2011)
Question No. 18 Marks +1 -0 Time
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Both Foreign Direct Investment (FDI) and Foreign Institutional Investor (FII) are related to investment in a country. Which one of the following statements best represents an important difference between the two? (2011)
Question No. 19 Marks +1 -0 Time
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With reference to the Indian economy, what are the advantages of 'Inflation-Indexed Bonds (IIBs)'? (2022)
1. Government can reduce the coupon rates on its borrowing by way of IIBs.
2. IIBs provide protection to the investors from uncertainty regarding inflation.
3. The interest received as well as capital gains on IIBs are not taxable.
Which of the statements given above are correct?
Question No. 20 Marks +1 -0 Time
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Which of the following activities constitute a real sector in the economy? (2022)
1. Farmers harvesting their crops
2. Textile mills converting raw cotton into fabrics
3. A commercial bank lending money to a trading company
4. A corporate body issuing Rupee Denominated Bonds overseas.
Select the correct answer using the code given below.
Question No. 21 Marks +1 -0 Time
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Indian Government Bond Yields are influenced by which of the following? (2021)
1. Actions of the United States Federal Reserve
2. Actions of the Reserve bank of India
3. Inflation and short-term interest rates
Select the correct answer using the code given below.
Question No. 22 Marks +1 -0 Time
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With reference to India, consider the following statements: (2021)
1. Retail investors through Demat account can invest in 'Treasury Bills' and 'Government of India Debt Bonds' in the primary market.
2. The 'Negotiated Dealing System-Order Matching' is a government securities trading platform of the Reserve Bank of India.
3. 'Central Depository Services Ltd' is jointly promoted by the Reserve Bank of India and the Bombay Stock Exchange.
Which of the statements given above is/are correct?
Question No. 23 Marks +1 -0 Time
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With reference to Foreign Direct Investment in India, which one of the following is considered its major characteristic? (2020)
Question No. 24 Marks +1 -0 Time
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With reference to 'Water Credit', consider the following statements: (2021)
1. It puts microfinance tools to work in the water and sanitation sector.
2. It is a global initiative launched under the aegis of the World Health Organization and the World Bank.
3. It aims to enable poor people to meet their water needs without depending on subsidies.
Which of the statements given above are correct?
Question No. 25 Marks +1 -0 Time
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In a given year in India, official poverty lines are higher in some States than in others because: (2019)
Question No. 26 Marks +1 -0 Time
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Consider the following statements: (2018)
Human capital formation as a concept is better explained in terms of a process which enables:
1. Individuals of a country to accumulate more capital.
2. Increasing the knowledge, skill levels and capacities of the people of the country.
3. Accumulation of tangible wealth.
4. Accumulation of intangible wealth.
Which of the statements given above is/are correct?
Question No. 27 Marks +1 -0 Time
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Despite being a high saving economy, capital formation may not result in significant increase in output due to: (2018)
Question No. 28 Marks +1 -0 Time
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To obtain full benefits of the demographic dividend, what should India do? (2013)
Question No. 29 Marks +1 -0 Time
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How does the National Rural Livelihood Mission seek to improve livelihood options of rural poor? (2012)
1. By setting up a large number of new manufacturing industries and agribusiness centres in rural areas.
2. By strengthening 'self-help groups' and providing skill development.
3. By supplying seeds, fertilisers, diesel pump-sets and micro-irrigation equipment free of cost to farmers.
Select the correct answer using the codes given below:
Question No. 30 Marks +1 -0 Time
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With reference to the National Rural Health Mission, which of the following are the jobs of 'ASHA', a trained community health worker? (2012)
1. Accompanying women to the health facility for antenatal care check-up.
2. Using pregnancy test kits for early detection of pregnancy.
3. Providing information on nutrition and immunisation.
4. Conducting the delivery of a baby.
Select the correct answer using the codes given below:
Question No. 31 Marks +1 -0 Time
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The endeavour of 'Janani Suraksha Yojana' Programme is (2012)
1. To promote institutional deliveries.
2. To provide monetary assistance to the mother to meet the cost of delivery.
3. To provide for wage loss due to pregnancy and confinement.
Which of the statements given above is/are correct?
Question No. 32 Marks +1 -0 Time
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Consider the following: (2012)
1. Hotels and restaurants
2. Motor transport undertakings
3. Newspaper establishments
4. Private medical institutions
The employees of which of the above can have the 'Social Security' coverage under Employees' State Insurance Scheme?
Question No. 33 Marks +1 -0 Time
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If the National Water Mission is properly and completely implemented, how will it impact the country? (2012)
1. Part of the water needs of urban areas will be met through recycling of waste-water.
2. The water requirements of coastal cities with inadequate alternative sources of water will be met by adopting appropriate technologies that allow for the use of ocean water.
3. All the rivers of Himalayan origin will be linked to the rivers of peninsular India.
4. The expenses incurred by farmers for digging bore-wells and for installing motors and pump-sets to draw ground-water will be completely reimbursed by the Government.
Select the correct answer using the codes given below:
Question No. 34 Marks +1 -0 Time
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How do District Rural Development Agencies (DRDAs) help in the reduction of rural poverty in India? (2012)
1. DRDAs act as Panchayati Raj Institutions in certain specified backward regions of the country.
2. DRDAs undertake area-specific scientific study of the causes of poverty and malnutrition and prepare detailed remedial measures.
3. DRDAs secure inter-sectoral and interdepartmental coordination and cooperation for effective implementation of anti-poverty programmes.
4. DRDAs watch over and ensure effective utilisation of the funds intended for anti-poverty programmes.
Which of the statements given above is/are correct?
Question No. 35 Marks +1 -0 Time
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India's ranking in the 'Ease of Doing Business Index' is sometimes seen in the news. Which of the following has declared that ranking? (2016)
Question No. 36 Marks +1 -0 Time
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In the 'Index of Eight Core Industries', which one of the following is given the highest weight? (2015)
Question No. 37 Marks +1 -0 Time
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Which of the following organisations brings out the publication known as 'World Economic Outlook'? (2014)
Question No. 38 Marks +1 -0 Time
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Disguised unemployment generally means (2013)
Question No. 39 Marks +1 -0 Time
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The Multi-dimensional Poverty Index developed by 'Oxford Poverty and Human Development' initiative with UNDP support covers which of the following? (2012)
1. Deprivation of education, health, assets and services at household level.
2. Purchasing power parity at national level.
3. Extent of budget deficit and GDP growth rate at national level.
Select the correct answer using the codes given below:
Question No. 40 Marks +1 -0 Time
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With reference to Convertible Bonds, consider the following statements: (2022)
1. As there is an option to exchange the bond for equity, Convertible Bonds pay a lower rate of interest.
2. The option to convert to equity affords the bondholder a degree of indexation to rising consumer prices.
Which of the statements given above is/are correct?
Question No. 41 Marks +1 -0 Time
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If a commodity is provided free to the public by the Government, then (2018)
Question No. 42 Marks +1 -0 Time
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If the interest rate is decreased in an economy, it will: (2014)
Question No. 43 Marks +1 -0 Time
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Economic growth in country X will necessarily have to occur if: (2013)
Question No. 44 Marks +1 -0 Time
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The national income of a country for a given period is equal to the: (2013)
Question No. 45 Marks +1 -0 Time
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The balance of payments of a country is a systematic record of: (2013)
Question No. 46 Marks +1 -0 Time
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An increase in the Bank Rate generally indicates that the: (2013)
Question No. 47 Marks +1 -0 Time
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In India, deficit financing is used for raising resources for: (2013)
Question No. 48 Marks +1 -0 Time
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Economic growth is usually coupled with: (2011)
Question No. 49 Marks +1 -0 Time
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The lowering of Bank Rate by the Reserve Bank of India leads to: (2011)
Question No. 50 Marks +1 -0 Time
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Which one of the following statements appropriately describes the 'fiscal stimulus'? (2011)
Question No. 51 Marks +1 -0 Time
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A rapid increase in the rate of inflation is sometimes attributed to the 'base effect'. What is 'base effect'? (2011)
Question No. 52 Marks +1 -0 Time
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India is regarded as a country with a 'Demographic Dividend'. This is due to: (2011)
Question No. 53 Marks +1 -0 Time
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A 'closed economy' is an economy in which: (2011)

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