Economics UPSC PYQ 2004

Question 1

Consider the following statements:
India continues to be dependent on imports to meet the requirement of oilseeds in the country because
1. Farmers prefer to grow food grains with highly remunerative support prices.
2. Most of the cultivation of oil-seed crops continues to be dependent on rainfall.
3. Oils from the seeds of tree origin and rice bran have remained unexploited.
4. It is far cheaper to import oil seeds than to cultivate the oil-seed crops.
Which of these statements is/are correct?

Accepted Answer

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Answer

1 and 2

Answer

1, 2 and 3

Answer

3 and 4

Answer

1, 2, 3 and 4

Question 2

Consider the following statements:
1. Regarding the procurement of food grains, Government of India follows a procurement target rather than an open-ended procurement policy.
2. Government of India announces minimum support prices only for cereals.
3. For distribution under Targeted Public Distribution System (TPDS), wheat and rice are issued by the Government of India at uniform central issue prices to the States/Union Territories.
Which of these statements given above is/are correct?

Accepted Answer

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Answer

1 and 2

Answer

2 only

Answer

1 and 3

Answer

3 only

Question 3

Consider the following statements:
1. Reserve Bank of India was nationalized on 26 January 1950.
2. The borrowing programme of the Government of India is handled by the Department of Expenditure, Ministry of Finance.
Which of these statements given above is/are correct?

Accepted Answer

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Answer

1 only

Answer

2 only

Answer

Both 1 and 2

Answer

Neither 1 nor 2

12 more Economics 2004 questions await