Economics UPSC PYQ 2004

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?

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?

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?

Assertion (A): India does not export natural rubber. Reason (R): About 97 % of India's demand for natural rubber is met from domestic production.

Consider the following statements: 1. The Oil Pool Account of Government of India was dismantled with effect from 1-4-2002. 2. Subsidies on PDS kerosene and domestic LPG are borne by Consolidated Fund of India. 3. An expert committee headed by Dr. R.A. Mashelkar to formulate a national auto fuel policy recommended that Bharat Stage-II Emission Norms should be applied throughout the country by 1 April, 2004. Which of these statements given above are correct?

In the last one decade, which one among the following sectors has attracted the highest Foreign Direct Investment inflows into India?

Consider the following statements: 1. The National Housing Bank, the apex institution of housing finance in India, was set up as a wholly-owned subsidiary of the Reserve Bank of India. 2. The Small Industries Development Bank of India was established as a wholly-owned subsidiary of the Industrial Development Bank of India. Which of the statements given above is/are correct?

Which of the following is not a recommendation of the task force on direct taxes under the chairmanship of Dr. Vijay L. Kelkar in the year 2002?

Which one of the following was the largest IT software and services exporter in India during the year 2002-03?

Assertion (A): The Central Rural Sanitation Programme was launched in 1986 to improve the quality of life of rural people in India. Reason (R): Rural sanitation is a subject in the Concurrent List in the Constitution of India.

Consider the following statements: 1. The highest deciding body for planning in India is the Planning Commission of India. 2. The Secretary of the Planning Commission of India is also the Secretary of the National Development Council. 3. The Constitution includes economic and social planning in the Concurrent List in the Seventh Schedule of the Constitution of India. Which of the statements given above is/are correct?

Consider the following statements: 1. National Thermal Power Corporation has diversified into hydropower sector. 2. Power Grid Corporation of India has diversified into telecom sector. Which of these statements given above is/are correct?

Consider the following statements: 1. The loans disbursed to farmers under Kisan Credit Card Scheme are covered under Rashtriya Krishi Beema Yojna of Life Insurance Corporation of India. 2. The Kisan Credit Card holders are provided personal accident insurance of Rs 50,000 for accidental death and Rs 25,000 for permanent disability. Which of these statements given above is/are correct?

Assertion (A): For the first time, India had no trade deficit in the year 2002-03. Reason (R): For the first time, India's exports crossed worth $50 billion in the year 2002-03.

With reference to Indian Public Finance, consider the following statements: 1. Disbursements from Public Accounts of India are subject to the Vote of Parliament. 2. The Indian Constitution provides for the establishment of a Consolidated Fund, a Public Account and a Contingency Fund for each State. 3. Appropriations and disbursements under the Railway Budget are subject to the same form of Parliamentary control as other appropriations and disbursements. Which of these statements given above are correct?