36 questions from the UPSC 2010 examination.
36 questions
In the context of Indian economy, consider the following pairs: Term – Most appropriate description 1. Melt down – Fall in stock prices 2. Recession – Fall in growth rate 3. Slow down – Fall in GDP Which of the pairs given above is/are correctly matched?
In the context of the affairs of which of the following is the phrase “Special Safeguard Mechanisms” mentioned in the news frequently ?
In India, which of the following is regulated by the Forward Markets Commission ?
In India, the tax proceeds of which one of the following as a percentage of gross tax revenue has significantly declined in the last five years ?
In the parlance of financial investments, the term ‘bear’ denotes
A great deal of Foreign Direct Investment (FDI) to India comes from Mauritius than from many major and mature economies like UK and France. Why?
The SEZ Act, 2005 which came into effect in February 2006 has certain objectives. In this context, consider the following : 1. Development of infrastructure facilities. 2. Promotion of investment from foreign sources. 3. Promotion of exports of services only. Which of the above are the objectives of this Act ?
An objective of the National Food Security Mission is to increase the production of certain crops through area expansion and productivity enhancement in a sustainable manner in the identified districts of the country. What are those crops?
With reference to Indian economy, consider the following statements : 1. The Gross Domestic Product (GDP) has increased by four times in the last 10 years. 2. The percentage share of Public Sector in GDP has declined in the last 10 years. Which of the statements given above is/are correct ?
In order to comply with TRIPS Agreement, India enacted the Geographical Indications of Goods (Registration & Protection) Act, 1999. The difference/differences between a “Trade Mark” and a Geographical Indication is/are 1. A Trade Mark is an individual or a company’s right whereas a Geographical Indication is a community’s right. 2. A Trade Mark can be licensed whereas a Geographical Indication cannot be licensed. 3. A Trade Mark is assigned to the manufactured goods whereas the Geographical Indication is assigned to the agricultural goods/products and handicrafts only. Which of the statements given above is/are correct ?
As regards the use of international food safety standards as reference point for the dispute settlements, which one of the following does WTO collaborate with?
In the context of India’s Five Year Plans, a shift in the pattern of industrialization, with lower emphasis on heavy industries and more on infrastructure begins in
In India, the interest rate on savings accounts in all the nationalized commercial banks is fixed by
Which one of the following statements is an appropriate description of deflation ?
In the context of governance, consider the following : 1. Encouraging Foreign Direct Investment inflows 2. Privatization of higher educational Institutions 3. Down-sizing of bureaucracy 4. Selling/off-loading the shares of Public Sector Undertakings Which of the above can be used as measures to control the fiscal deficit in India ?
Consider the following actions by the Government: 1. Cutting the tax rates 2. Increasing the government spending 3. Abolishing the subsidies In the context of economic recession, which of the above actions can be considered a part of the "fiscal stimulus" package?
Consider the following statements : The functions of commercial banks in India include 1. Purchase and sale of shares and securities on behalf of customers. 2. Acting as executors and trustees of wills. Which of the statements given above is/are correct ?
In India, during the last decade the total cultivated land for which one of the following crops has remained more or less stagnant ?
Which one of the following is responsible for the preparation and presentation of Union Budget to the Parliament?
With reference to the institution of Banking Ombudsman in India, which one of the statements is not correct ?
With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements: 1. They cannot engage in the acquisition of securities issued by the government. 2. They cannot accept demand deposits like Savings Account. Which of the statements given above is/are correct?
Consider the following countries: 1. Brazil 2. Mexico 3. South Africa According to UNCTAD, which of the above is/are categorized as “Emerging Economies”?
With reference to the National Investment Fund to which the disinvestment proceeds are routed, consider the following statements : 1. The assets in the National Investment Fund are managed by the Union Ministry of Finance. 2. The National Investment Fund is to be maintained within the Consolidated Fund of India. 3. Certain Asset Management Companies are appointed as the fund managers. 4. A certain proportion of annual income is used for financing select social sectors. Which of the statements given above is/are correct ?
The International Development Association, a lending agency, is administered by the
With reference to India, consider the following statements: 1. The Wholesale Price Index (WPI) in India is available on a monthly basis only. 2. As compared to Consumer Price Index for Industrial Workers (CPI(IW)), the WPI gives less weight to food articles. Which of the statements given above is/are correct?
When the Reserve Bank of India announces an increase of the Cash Reserve Ratio, what does it mean?
Which of the following terms indicates a mechanism used by commercial banks for providing credit to the government ?
With reference to India, consider the following : 1. Nationalization of Banks 2. Formation of Regional Rural Banks 3. Adoption of villages by Bank Branches Which of the above can be considered as steps taken to achieve the “financial inclusion” in India ?
Which one of the following was NOT stipulated in the Fiscal Responsibility and Budget Management Act, 2003?
Consider the following statements : In India, taxes on transactions in Stock Exchanges and Futures Markets are 1. Levied by the Union 2. Collected by the States Which of the statements given above is/are correct ?
Which one of the following is not related to United Nations?
With reference to BRIC countries, consider the following statements: 1. At present, China’s GDP is more than the combined GDP of all the three other countries. 2. China’s population is more than the combined population of any two other countries. Which of the statements given above is/are correct?
Consider the following statements : 1. The Union Government fixes the Statutory Minimum Price of sugarcane for each sugar season. 2. Sugar and sugarcane are essential commodities under the Essential Commodities Act. Which of the statements given above is/are correct ?
Which of the following is/are treated as artificial currency?
Which one of the following is not a feature of Limited Liability Partnership firm ?
Inclusive growth as enunciated in the Eleventh Five Year Plan does NOT include one of the following: