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Economics UPSC PYQ 2000

22 questions from the UPSC 2000 examination.

22 questions

1Mediumprelims2 marks
Human Development, Poverty & Employment Schemes

Which one of the following statements is false?

AAll countries other than India have over 80% literacy
BMalaysia and Korea have life expectancy higher than all other countries
CHigher the adult literacy lower is the infant mortality
DThe life expectancy at birth in India is almost the same as that of Indonesia
2Easyprelims2 marks
International Institutions & Reports

Which one of the following countries occupies the first place in the “Global Competitive Report” of World Economic Forum?

AUSA
BSingapore
CHong Kong
DFrance
3Mediumprelims2 marks
International Institutions & Reports

Match List I with List II and select the correct answer using the codes given below the Lists: List I I. Development Programme II. National Council of Applied Economic Research III. Indira Gandhi Institute of Development Research IV. World Bank List II A) UN India Human Development Report B) India Development Report C) World Development Report D) Human Development Report Codes:

AI-D, II-A, III-B, IV-C
BI-D, II-B, III-A, IV-C
CI-B, II-C, III-D, IV-A
DI-B, II-A, III-D, IV-C
4Easyprelims2 marks
National Income & Economic Growth

The growth rate of per capita income at current prices is higher than that of per capita income at constant prices, because the latter takes into account the rate of

Agrowth of population
Bincrease in price level
Cgrowth of money supply
Dincrease in the wage rate
5Mediumprelims2 marks
External Sector & Balance Of Payments

Assertion (A): The rate of growth of India’s exports has shown an appreciable increase after 1991. Reason (R): The Government of India has resorted to devaluation.

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
6Mediumprelims2 marks
Infrastructure & Industry

Match List I with List II and select the correct answer using the codes given below the Lists: List I (Industrial Unit) I. Atlas Cycle Company Ltd. II. Bharat Earth Movers Ltd. III. Indian Farmers Fertilisers Cooperative Ltd. IV. National Aluminium Company Ltd. List II (Centre) A) Bangalore B) Bhubaneswar C) Kalol D) Sonepat Codes:

AI-A, II-D, III-B, IV-C
BI-A, II-D, III-C, IV-B
CI-D, II-A, III-B, IV-C
DI-D, II-A, III-C, IV-B
7Mediumprelims2 marks
External Sector & Balance Of Payments

Consider the following statements: The Indian rupee is fully convertible I. In respect of Current Account of Balance of Payment. II. In respect of Capital Account of Balance of Payment. III. Into gold. Which of these statements is/are correct?

AI alone
BIII alone
CI and II
DI, II and III
8Mediumprelims2 marks
Human Development, Poverty & Employment Schemes

The Swarna Jayanti Shahari Rozgar Yojana which came into operation from 1 December 1997 aims to provide gainful employment to the urban unemployed or underemployed poor but does not include

ANehru Rozgar Yojana
BUrban Basic Services Programme
CPrime Minister’s Integrated Urban Poverty Eradication Programme
DPrime Minister’s Rozgar Yojana
9Easyprelims2 marks
Human Development, Poverty & Employment Schemes

The first Indian State to have its Human Development Report prepared and released by Amartya Kumar Sen in Delhi is

AWest Bengal
BKerala
CMadhya Pradesh
DAndhra Pradesh
10Mediumprelims2 marks
Infrastructure & Industry

Economic liberalisation in India started with

Asubstantial changes in industrial licensing policy
Bthe convertibility of Indian rupee
Cdoing away with procedural formalities for foreign direct investment
Dsignificant reduction in tax rates
11Mediumprelims2 marks
National Income & Economic Growth

The new Gross Domestic Product (GDP) series released by the Central Statistical Organisation (CSO) in February 1999 is with reference to base price of

A1991-92
B1992-93
C1993-94
D1994-95
12Easyprelims2 marks
Financial Markets & Capital Markets

A rise in ‘SENSEX’ means

Aa rise in prices of shares of all companies registered with Bombay Stock Exchange
Ba rise in prices of shares of all companies registered with National Stock Exchange
Can overall rise in prices of shares of group of companies registered with Bombay Stock Exchange
Da rise in prices of shares of all companies belonging to a group of companies registered with Bombay Stock Exchange
13Mediumprelims2 marks
Taxation

The Standing Committee of State Finance Ministers recommended in January 2000 uniform rates across the States in respect of

Avalue-added tax
Bsales tax
Cstamp duty and registration fees
Dagricultural income tax
14Mediumprelims2 marks
Financial Markets & Capital Markets

The upper part of the graph is a hypothetical movement in the BSE Sensex over a few months and the lower part is the fluctuation in the average value of automobile shares in the same period (actual values not given). Which one of the following inferences can be drawn from the graphs?

AThe automobile share market has been as unstable as BSE Sensex in that period
BThere has been a major political change in June/July
CAutomobile shares have shown a steady improvement in price, unaffected by large fluctuations in BSE Sensex
DNone of the above
15Easyprelims2 marks
Agriculture & Rural Development

“...instil into the vast millions of workers, men and women, who actually do the job, a sense of partnership and of cooperative performance....” The above passage relates to

APlanned Development
BCommunity Development
CPanchayati Raj System
DIntegrated Development Programme
16Mediumprelims2 marks
Human Development, Poverty & Employment Schemes

Indian Human Development Report does not give for each sample village

AInfrastructure and Amenities Index
BEducation Related Index
CHealth Related Index
DUnemployment Related Index
17Easyprelims2 marks
Human Development, Poverty & Employment Schemes

The best performance in terms of Human Development among the Asian countries is by

AChina
BMalaysia
CKorea
DPhilippines
18Easyprelims2 marks
Banking & Financial Sector

Resurgent India Bonds were issued in US Dollar, Pound Sterling and

AJapanese Yen
BDeutsche Mark
CEuro
DFrench Franc
19Easyprelims2 marks
Financial Markets & Capital Markets

Gilt-edged market means

Abullion market
Bmarket of Government securities
Cmarket of guns
Dmarket of pure metals
20Easyprelims2 marks
National Income & Economic Growth

Match List I with List II and select the correct answer using the codes given below the Lists: List I I. Boom II. Recession III. Depression IV. Recovery List II A) Business activity at high level with increasing income, output and employment at macro level B) Gradual fall of income, output and employment with business activity in a low gear C) Unprecedented level of under employment and unemployment, drastic fall in income, output and employment D) Steady rise in the general level of prices, income, output and employment Codes:

AI-A, II-B, III-C, IV-D
BI-A, II-B, III-D, IV-C
CI-B, II-A, III-D, IV-C
DI-B, II-A, III-C, IV-D
21Mediumprelims2 marks
International Trade & WTO

Consider the following statements: The Ministerial Meeting of the WTO held in December 1999 was unsuccessful because it attempted to link trade with 1. Labour related issues. 2. Environment related issues. 3. Terrorism related issues. 4. Debt related issues. Which of these statements are correct?

A1, 3 and 4
B1 and 2
C2 and 3
D2 and 4
22Easyprelims2 marks
National Income & Economic Growth

In an open economy, the national income (Y) of the economy is: (C, I, G, X, M stand for Consumption, Investment, Government Expenditure, total exports and total imports respectively.)

AY = C + I + G + X
BY = C + I + G – X + M
CY = C + I + G + (X – M)
DY = C + I – G + X – M
Economics — All Years|All Subjects