Economics UPSC PYQ 2003

Question 1

With reference to Government of India’s decisions regarding Foreign Direct Investment (FDI) during the year 2001-02, consider the following statements:
1. Out of the 100% FDI allowed by India in tea sector, the foreign firm would have to disinvest 33% of the equity in favour of an Indian partner within four years.
2. Regarding the FDI in print media in India, the single largest Indian shareholder should have a holding higher than 26%.
Which of these statements is/are correct?

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Answer

Only 1

Answer

Only 2

Answer

Both 1 and 2

Answer

Neither 1 nor 2

Question 2

Assertion (A): During the year 2001-02, the value of India’s total exports declined, registering a negative growth of 2.17%.
Reason (R): During the year 2001-02, negative growth in exports was witnessed in respect of iron and steel, coffee, textiles and marine products.

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Answer

Both A and R are individually true and R is the correct explanation of A

Answer

Both A and R are individually true but R is NOT the correct explanation of A

Answer

A is true but R is false

Answer

A is false but R is true

Question 3

During the year 2000-01, which one of the following industries recorded highest growth rate in India?

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Answer

Cement

Answer

Coal

Answer

Electricity

Answer

Steel

16 more Economics 2003 questions await