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Economics UPSC PYQ 1995

22 questions from the UPSC 1995 examination.

22 questions

1Mediumprelims2 marks
Human Development, Poverty & Employment Schemes

Which one of the following is true regarding the Jawahar Rozgar Yojana (JRY)?

AIt was launched during the Prime Ministership of Indira Gandhi
BIt aims at creating one million jobs annually
CThe target group of JRY are the urban poor living below the poverty line
DUnder the scheme 30% of the employment generated is reserved for women
2Easyprelims2 marks
International Trade & WTO

The new Exim Policy announced in 1992 is for a period of

A3 years
B4 years
C7 years
D5 years
3Mediumprelims2 marks
Banking & Financial Sector

The Narasimham Committee for Financial Sector Reforms has suggested reduction in

ASLR and CRR
BSLR, CRR and Priority Sector Financing
CSLR and financing to capital goods sector
DCRR, Priority Sector Financing and financing to capital goods sector
4Mediumprelims2 marks
Banking & Financial Sector

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 Both the schemes stand withdrawn now.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 Only scheme ‘A’ has been withdrawn.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:

AIII only
BI and II
CI, II and III
DI, II and IV
5Mediumprelims2 marks
Agriculture & Rural Development

Which of the following are the objectives of the Commission for Agricultural Costs and Prices (CACP)? I. To stabilise agricultural prices. II. To ensure meaningful real income levels to the farmers. III. To protect the interest of the consumers by providing essential agricultural commodities at reasonable rates through public distribution system. IV. To ensure maximum price for the farmer. Select the correct answer from the codes given below:

AI, II and III
BI, II and IV
CI, III and IV
DII, III and IV
6Mediumprelims2 marks
Monetary Policy & Money Supply

Which one of the following is not an instrument of selective credit control in India?

ARegulation of consumer credit
BRationing of credit
CMargin requirements
DVariable reserve ratios
7Easyprelims2 marks
International Institutions & Reports

Which of the following constitute the World Bank? I. International Bank for Reconstruction and Development II. International Finance Corporation III. International Development Association IV. International Monetary Fund Choose the correct answer from the codes given below:

AI, II and III
BI and II
CIII and IV
DI, II, III and IV
8Hardprelims2 marks
External Sector & Balance Of Payments

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:

AI, II and IV
BIII and IV
CI, II and III
DI, II, III and IV
9Mediumprelims2 marks
Fiscal Policy & Budget

Which of the following are among the non-plan expenditures of the Government of India? I. Defence expenditure II. Subsidies III. All expenditures linked with the previous plan periods IV. Interest payment Choose the correct answer from the codes given below:

AI and II
BI and III
CII and IV
DI, II, III and IV
10Easyprelims2 marks
Financial Markets & Capital Markets

Which one of the following is the largest mutual fund organisation in India?

ASBI Mutual Fund
BGIC Mutual Fund
CIndustrial Bank Mutual Fund
DUnit Trust of India
11Hardprelims2 marks
Financial Markets & Capital Markets

The price fluctuations of 4 scrips in a stock market in the four quarters of a year are shown in the table below. Four different investors had the following portfolios of investment in the four companies throughout the year: Investor 1: 10 of A, 20 of B, 30 of C and 40 of D Investor 2: 40 of A, 10 of B, 20 of C and 30 of D Investor 3: 30 of A, 40 of B, 10 of C and 20 of D Investor 4: 20 of A, 30 of B, 40 of C and 10 of D In the light of the above, which one of the following statements is correct?

AInvestor 2 has made the best investment
BInvestor 1 has made the best investment
CInvestor 2 suffered a net loss during the year
DInvestor 3 suffered a net loss during the year
12Easyprelims2 marks
Economic Planning & Five-Year Plans

Which one of the following Five-Year Plans recognised human development as the core of all developmental efforts?

AThe Third Five-Year Plan
BThe Fifth Five-Year Plan
CThe Sixth Five-Year Plan
DThe Eighth Five-Year Plan
13Easyprelims2 marks
National Income & Economic Growth

The main reason for low growth rate in India, in spite of high rate of savings and capital formation is

Ahigh birth rate
Blow level of foreign aid
Clow capital / output ratio
Dhigh capital / output ratio
14Mediumprelims2 marks
Economic Planning & Five-Year Plans

The largest source of financing the public sector outlay of the Eighth Five-Year Plan comes from

Abalance from current revenue
Bcontribution of public enterprises
Cgovernment borrowings
Ddeficit financing
15Mediumprelims2 marks
International Trade & WTO

Which of the following benefits are likely to accrue to India from the World Trade Organisation? I. India’s share in the world trade is to go up from the present 600 million US dollars to 5 billion US dollars by 2000 A.D. II. It will help boost exports of agricultural commodities from India. III. India’s share in the world trade is likely to triple by the year 2000 A.D. Select the correct answer using the codes given below:

AI, II and III
BI and II
CI and III
DII and III
16Mediumprelims2 marks
Banking & Financial Sector

Consider the following: I. Industrial Finance Corporation of India II. Industrial Credit and Investment Corporation of India III. Industrial Development Bank of India IV. Unit Trust of India The correct sequence in which the above was established is

AI, II, IV, III
BI, III, II, IV
CIV, III, II, I
DI, IV, III, II
17Easyprelims2 marks
Financial Markets & Capital Markets

To prevent recurrence of scams in Indian Capital Market, the Government of India has assigned regulatory powers to

ASEBI
BRBI
CSBI
DIDBI
18Mediumprelims2 marks
National Income & Economic Growth

Consider the diagram given below: (Pie-chart showing family expenditure with segments labelled T: Transport, Ec: Education of children, H: Housing, C: Clothing, F: Food, S: Savings, O: Others.) From the diagram shown it would be right to conclude that

Athe family spent more than half the income on food and clothing
Bthe amount saved by the family was too little
Cthe family had no health problems
Dthe family managed to meet all the essential expenses out of the income earned
19Easyprelims2 marks
Monetary Policy & Money Supply

Bank Rate implies the rate of interest

Apaid by the Reserve Bank of India on the deposits of Commercial Banks
Bcharged by Banks on loans and advances
Cpayable on Bonds
Dat which the Reserve Bank of India discounts the Bills of Exchange
20Mediumprelims2 marks
Human Development, Poverty & Employment Schemes

One of the reasons for India’s occupational structure remaining more or less the same over the years has been that

Ainvestment pattern has been directed towards capital-intensive industries
Bproductivity in agriculture has been high enough to induce people to stay with agriculture
Cceilings on land holdings have enabled more people to own land and hence their preference to stay with agriculture
Dpeople are largely unaware of the significance of transition from agriculture to industry for economic development
21Easyprelims2 marks
Economic Planning & Five-Year Plans

What is the annual growth rate aimed at in the Eighth Five-Year Plan?

A5.6%
B6%
C6.5%
D7%
22Easyprelims2 marks
Taxation

Corporation tax

Ais levied and appropriated by the States
Bis levied by the Union and collected and appropriated by the States
Cis levied by the Union and shared by the Union and the States
Dis levied by the Union and belongs to it exclusively
Economics — All Years|All Subjects