Economics UPSC PYQ 1996

Question 1

The following Table shows the percentage distribution of revenue expenditure of Government of India in 1989-90 and 1994-95:
(Heads: Defence, Interest Payments, Subsidies, Grants to States/UTs Other)
Based on this table, it can be said that the Indian economy is in poor shape because the Central Government continues to be under pressure to

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reduce expenditure of defence

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spend more and more on interest payments

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reduce expenditure on subsidies

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spend more and more as grants-in-aid to State Governments/Union Territories

Question 2

The following figure represents sales (in thousands) over the period 1978 to 1983: [bar chart showing sales values for years 78-83] The sales in 1981 exceeded that in 1979 by

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Rs. one hundred

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Rs. ten thousand

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Rs. one lakh

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Rs. ten lakhs

Question 3

Which of the following were the aims behind the setting up of the World Trade Organization (WTO)?
I. Promotion of free trade and resource flows across countries.
II. Protection of intellectual property rights.
III. Managing balanced trade between different countries.
IV. Promotion of trade between the former East Bloc countries and the western world.
Select the correct answer by using the codes given below:

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I, II, III and IV

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I and II

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II and III

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I and IV

13 more Economics 1996 questions await