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UPSC Economics PYQs 1997 | Vaidra | Vaidra
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Economics UPSC PYQ 1997

17 questions from the UPSC 1997 examination.

17 questions

1Mediumprelims2 marks
Human Development, Poverty & Employment Schemes

Schemes of (i) Urban Micro Enterprises, (ii) Urban Wage Employment, and (iii) Housing and Shelter Upgradation are parts of

AIntegrated Rural Development Programme
BNehru Rozgar Yojana
CJawahar Rozgar Yojana
DPrime Minister’s Rozgar Yojana
2Mediumprelims2 marks
International Trade & WTO

One of the important agreements reached in the 1996 Ministerial Conference of WTO relates to

ACommerce in Information Technology
BMultilateral Agreement on Investment
CMulti-fibre Agreement
DExchange of Technical Personnel
3Easyprelims2 marks
National Income & Economic Growth

National Income is the

ANet National Product at market price
BNet National Product at factor cost
CNet Domestic Product at market price
DNet Domestic Product at factor cost
4Easyprelims2 marks
Fiscal Policy & Budget

Which of the following come under Non-plan expenditure? I. Subsidies II. Interest payments III. Defence expenditure IV. Maintenance expenditure for the infrastructure created in the previous plans Choose the correct answer using the codes given below: Codes:

AI and II
BI and III
CII and IV
DI, II, III and IV
5Mediumprelims2 marks
Financial Markets & Capital Markets

The behaviour of a fictitious stock market index (comprising a weighted average of the market prices of a selected list of companies including some multinational corporations (MNCs) over a 15-day period is shown in the graph. The behaviour of the MNC’s in the same period is also shown in the second graph. Which one of the following is a valid conclusion?

AMNC’s fell steeper in the period depicted
BShare prices of every non-MNC company soared by over 5% on the 12th day
CGovernment announced a policy disfavouring MNC’s on the 11th day
DWhatever be the reason favouring market revival on the 12th day, it appears to be relevant only to non-MNC companies
6Mediumprelims2 marks
International Trade & WTO

Assertion (A): The emergence of economic globalism does not imply the decline of socialist ideology. Reason (R): The ideology of Socialism believes in universalism and globalism. In the context of the above two statements, which one of the following is correct?

ABoth A and R are true and R is the correct explanation of A
BBoth A and R are true, but R is not a correct explanation of A
CA is true, but R is false
DA is false, but R is true
7Mediumprelims2 marks
Human Development, Poverty & Employment Schemes

Match List I with List II and select the correct answer by using the codes given below the lists: List I I. Rashtriya Mahila Kosh II. Mahila Samriddhi Yojana III. Indira Mahila Yojana IV. Mahila Samakhya Programme List II A) Empowerment of women B) Education for Women’s Equality C) Promotion of savings among rural women D) Meeting credit needs of the poor women Codes:

AI-C, II-B, III-A, IV-D
BI-A, II-C, III-D, IV-B
CI-D, II-C, III-A, IV-B
DI-D, II-A, III-B, IV-C
8Easyprelims2 marks
Infrastructure & Industry

The contribution of India’s small-scale sector to the gross turnover in the manufacturing sector since 1992 has been of the order of

A40%
B34%
C30%
D45%
9Easyprelims2 marks
Human Development, Poverty & Employment Schemes

Human Development Index comprises literacy rates, life expectancy at birth and

AGross Domestic Product per head in US dollars
BGross Domestic Product per head at real purchasing power
CGross National Product in US dollars
DNational Income per head in US dollars
10Easyprelims2 marks
Taxation

The Minimum Alternative Tax (MAT) was introduced in the Budget of the Government of India for the year

A1991-92
B1992-93
C1995-96
D1996-97
11Mediumprelims2 marks
Monetary Policy & Money Supply

The sum of which of the following constitutes Broad Money in India? I. Currency with the Public II. Demand deposits with banks III. Time deposits with banks IV. Other deposits with RBI Choose the correct answer using the codes given below:

AI and II
BI, II and III
CI, II, III and IV
DI, II and IV
12Easyprelims2 marks
National Income & Economic Growth

The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of

A15 to 20 per cent
B20 to 25 per cent
C25 to 30 per cent
D30 to 35 per cent
13Mediumprelims2 marks
Banking & Financial Sector

Match List I with List II and select the correct answer by using the codes given below the lists: List I (Committees) I. Disinvestment of shares in Public Sector Enterprises II. Industrial Sickness III. Tax Reforms IV. Reforms in Insurance Sector List II (Chaired by) A) Rajah Chelliah B) Onkar Goswami C) R. N. Malhotra D) C. Rangarajan Codes:

AI–A, II–D, III–B, IV–C
BI–D, II–B, III–A, IV–C
CI–D, II–A, III–B, IV–C
DI–A, II–C, III–D, IV–B
14Hardprelims2 marks
International Trade & WTO

Match List I with List II and select the correct answer by using the codes given below the lists: List I (Commodities exported from India) — List II (Countries of destination) I. Iron-ore — A) Russia II. Leather goods — B) USA III. Tea — C) Japan IV. Cotton fabrics — D) UK E) Canada

AI-E, II-A, III-B, IV-C
BI-C, II-A, III-D, IV-B
CI-A, II-E, III-D, IV-C
DI-C, II-D, III-A, IV-B
15Easyprelims2 marks
Economic Planning & Five-Year Plans

The Sixth and the Eighth Five-Year Plans covered the period 1980-85 and 1992-97 respectively. The Seventh Five-Year Plan covered the period

A1987-92
B1986-91
C1985-90
D1988-94
16Easyprelims2 marks
Infrastructure & Industry

The number of industries for which industrial licensing is required has now been reduced to

A15
B6
C35
D20
17Easyprelims2 marks
Inflation & Price Indices

In India, inflation is measured by the

AWholesale Price Index Number
BConsumers Price Index for urban non-manual workers
CConsumers Price Index for agricultural workers
DNational Income deflation
Economics — All Years|All Subjects