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Economics UPSC PYQ 2001

25 questions from the UPSC 2001 examination.

25 questions

1Mediumprelims2 marks
Inflation & Price Indices

The new series of Wholesale Price Index (WPI) released by the Government of India is with reference to the base prices of

A1981-82
B1990-91
C1993-94
D1994-95
2Easyprelims2 marks
International Institutions & Reports

Consider the following organisations: I. International Bank for Reconstruction and Development II. International Finance Corporation III. International Fund for Agricultural Development IV. International Monetary Fund Which of these are agencies of the United Nations?

AI and II
BII and III
CIII and IV
DI, II, III and IV
3Easyprelims2 marks
National Income & Economic Growth

The most appropriate measure of a country’s economic growth is its

AGross Domestic Product
BNet Domestic Product
CNet National Product
DPer Capita Real Income
4Mediumprelims2 marks
Infrastructure & Industry

Consider the following factors regarding an industry: I. Capital investments II. Business turnover III. Labour force IV. Power consumption Which of these determine the nature and size of the industry?

AI, III and IV
BI, II and IV
CII, III and IV
DI and III
5Mediumprelims2 marks
Infrastructure & Industry

Consider the following statements regarding power sector in India: I. The installed capacity of power generation is around 95000 MW. II. Nuclear plants contribute nearly 15% of total power generation. III. Hydroelectricity plants contribute nearly 40% of total power generation. IV. Thermal plants at present account for nearly 80% of total power generation. Which of these statements is/are correct?

AI only
BII and III
CIII and IV
DI and IV
6Easyprelims2 marks
International Institutions & Reports

The theme of the World Development Report, 2001 is

AFrom Plan to Market
BKnowledge for Development
CAttacking Poverty
DThe State in the Changing World
7Easyprelims2 marks
International Trade & WTO

The earlier name of WTO was

AUNCTAD
BGATT
CUNIDO
DOECD
8Mediumprelims2 marks
National Income & Economic Growth

The term National Income represents

AGross National Product at market prices minus depreciation
BGross National Product at market prices minus depreciation net factor income from abroad
CGross National Product at market prices minus depreciation and indirect taxes subsidies
DGross National Product at market prices minus net factor income from abroad
9Mediumprelims2 marks
International Institutions & Reports

Match List I with List II and select the correct answer using the codes given below the Lists: List I (Publisher) I. Ministry of Industry II. Central Statistical Organisation III. Reserve Bank of India IV. Ministry of Finance List II (Publication) A) Report on Currency and Finance B) Economic Survey C) Wholesale Price Index D) National Accounts Statistics

AI-D, II-C, III-B, IV-A
BI-C, II-D, III-A, IV-B
CI-D, II-C, III-A, IV-B
DI-C, II-D, III-B, IV-A
10Mediumprelims2 marks
Infrastructure & Industry

Assertion (A): India's software exports increased at an average growth rate of 50% since 1995-96. Reason (R): Indian software companies were cost-effective and maintained international quality.

ABoth A and R are individually true, and R is the correct explanation of A
BBoth A and R are individually true, but R is NOT a correct explanation of A
CA is true, but R is false
DA is false, but R is true
11Easyprelims2 marks
Agriculture & Rural Development

National Agriculture Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year

A1997
B1998
C1999
D2000
12Easyprelims2 marks
Taxation

Consider the following taxes: I. Corporation tax II. Customs duty III. Wealth tax IV. Excise duty Which of these is/are indirect taxes?

AI only
BII and IV
CI and III
DII and III
13Mediumprelims2 marks
National Income & Economic Growth

The following table shows the percentage change in the consumption of electricity by five towns P, Q, R, S, T from 1986 to 1988: Town Per cent change from 1986 to 1987 From 1987 to 1988 P +8 −18 Q +15 −11 R +6 +9 S −7 −5 T +13 −6 If town T consumed 500,000 units in 1986, how much did it consume in 1988?

A371,000 units
B531,100 units
C551,100 units
D571,100 units
14Mediumprelims2 marks
Agriculture & Rural Development

The annual agricultural production of a product for the period 1991-92 to 1998-99 is shown in the figure given above. Which one of the following is the product in Q?

APulses
BWheat
COilseeds
DRice
15Mediumprelims2 marks
External Sector & Balance Of Payments

The largest share of Foreign Direct Investment (1997-2000) went to

AFood and food product sector
BEngineering sector
CElectronics and electric equipment sector
DService sector
16Mediumprelims2 marks
External Sector & Balance Of Payments

Assertion (A): Ceiling on foreign exchange for a host of current account transaction heads was lowered in the year 2000. Reason (R): There was a fall in foreign currency assets also.

ABoth A and R are individually true, and R is the correct explanation of A
BBoth A and R are individually true, but R is NOT a correct explanation of A
CA is true, but R is false
DA is false, but R is true
17Mediumprelims2 marks
Human Development, Poverty & Employment Schemes

Consider the following schemes launched by the Union Government: I. Antyodaya Anna II. Gram Sadak Yojana III. Sarvapriya IV. Jawahar Gram Samriddhi Yojana. Which of these were announced in the year 2000?

AI and II
BII and IV
CIII and IV
DI, II and III
18Easyprelims2 marks
Fiscal Policy & Budget

The Union Budget, 2000 awarded a Tax Holiday for the North-eastern Region to promote industrialisation for

A5 years
B7 years
C9 years
D10 years
19Easyprelims2 marks
Banking & Financial Sector

Which of the following committees examined and suggested Financial Sector Reforms?

AAbid Hussain Committee
BBhagwati Committee
CChelliah Committee
DNarasimham Committee
20Mediumprelims2 marks
National Income & Economic Growth

Consider the following States: I. Gujarat II. Karnataka III. Maharashtra IV. Tamil Nadu The descending order of these States with reference to their level of Per Capita Net State Domestic Product is

AI, III, IV, II
BIII, I, II, IV
CI, III, II, IV
DIII, I, IV, II
21Mediumprelims2 marks
Infrastructure & Industry

Assertion (A): There was an increase in industrial production during 1999-2000. Reason (R): The period witnessed a stable exchange rate and improved business sentiments.

ABoth A and R are individually true, and R is the correct explanation of A
BBoth A and R are individually true, but R is NOT a correct explanation of A
CA is true, but R is false
DA is false, but R is true
22Mediumprelims2 marks
Fiscal Policy & Budget

Consider the following: I. Market borrowing II. Treasury bills III. Special securities issued to RBI Which of these is/are component(s) of internal debt?

AI only
BI and II
CII only
DI, II and III
23Easyprelims2 marks
Agriculture & Rural Development

The prices at which the Government purchases food grains for maintaining the public distribution system and for building up buffer stocks is known as

Aminimum support prices
Bprocurement prices
Cissue prices
Dceiling prices
24Easyprelims2 marks
Banking & Financial Sector

Consider the following statements regarding Reserve Bank of India: I. It is a banker to the Central Government. II. It formulates and administers monetary policy. III. It acts as an agent of the Government in respect of India’s membership of IMF. IV. It handles the borrowing programme of Government of India. Which of these statements are correct?

AI and II
BII, III and IV
CI, II, III and IV
DIII and IV
25Mediumprelims2 marks
Fiscal Policy & Budget

Match List I with List II and select the correct answer using the codes given below the Lists: List I (Term) I. Fiscal deficit II. Budget deficit III. Revenue deficit IV. Primary deficit List II (Explanation) A) Excess of Total Expenditure over Total Receipts B) Excess of Revenue Expenditure over Revenue Receipts C) Excess of Total Expenditure over Total Receipts less borrowings D) Excess of Total Expenditure over Total Receipts less borrowings and Interest Payments

AI-C, II-A, III-B, IV-D
BI-D, II-C, III-B, IV-A
CI-A, II-C, III-B, IV-D
DI-C, II-A, III-D, IV-B
Economics — All Years|All Subjects