IAS Economics — Economy previous year questions with solutions.
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/offloading 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 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?
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:
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 (CPIIW), the WPI gives less weight to food articles. Which of the statements given above is/are correct?
Which of the following terms indicates a mechanism used by commercial banks for providing credit to the government?
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?
Which one of the following statements is an appropriate description of deflation?
Which one of the following is responsible for the preparation and presentation of Union Budget to the Parliament?
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?
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 "financial inclusion" in India?
Consider the following: 1. Fringe Benefit Tax 2. Interest Tax 3. Securities Transaction Tax Which of the above is/are Direct Tax/Taxes?
Consider the following statements: 1. MMTC Limited is India’s largest international trading organization. 2. Neelachal Ispat Nigam Limited has been set up by MMTC jointly with the Government of Orissa. Which of the statements given above is/are correct?
With which one of the following has the B.K. Chaturvedi Committee dealt?
In India, the ports are categorized as major and non-major ports. Which one of the following is a non-major port?
Which one of the following pairs is not correctly matched?
Consider the following statements: 1. Infant mortality rate takes into account the death of infants within a month after birth. 2. Infant mortality rate is the number of infant deaths in a particular year per 100 live births during that year. Which of the above statements is/are correct?
Which one of the following brings out the publication called ‘Energy Statistics’ from time to time?
Consider the following statements: 1. The first telegraph line in India was laid between Kolkata (formerly Calcutta) and Diamond Harbour. 2. The first Export Processing Zone in India was set up in Kandla. Which of the statements given above is/are correct?
With reference to the steel industry in India in the recent times, consider the following statements: 1. Vizag Steel Plant (RINL) has been declared a Mini Ratna. 2. Merger of USCO with SAIL has been completed. Which of the statements given above is/are correct?
The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following?
Consider the following statements: 1. The repo rate is the rate at which other banks borrow from the Reserve Bank of India. 2. A value of 1 for Gini Coefficient in a country implies that there is perfectly equal income for everyone in its population. Which of the statements given above is/are correct?
Participatory Notes (PNs) are associated with which one of the following?
Which one of the following Indian banks is not a nationalized bank?
Assertion (A): Balance of Payments (BoP) represents a better picture of a country's economic transactions with the rest of the world than the Balance of Trade (BoT). Reason (R): BoP takes into account the exchange of both visible and invisible items whereas BoT does not.