Economy PYQ — Page 11

Consider the following statements: 1. Life Insurance Corporation of India is the oldest insurance company in India. 2. National Insurance Company Limited was nationalized in the year 1972 and made a subsidiary of General Insurance Corporation of India. 3. Headquarters of United India Insurance Company Limited are located at Chennai. Which of the statements given above are correct?

Which one of the following is the correct statement? Service tax is a/an:

Consider the following statements: 1. Sensex is based on 50 of the most important stocks available on the Bombay Stock Exchange (BSE). 2. For calculating the Sensex, all the stocks are assigned proportional weightage. 3. New York Stock Exchange is the oldest stock exchange in the world. Which of the statements given above 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 the 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 the statements given above is/are correct?

Consider the following statements: 1. The National Housing Bank (NHB), 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 (SIDBI) was established as a wholly owned subsidiary of the Industrial Development Bank of India (IDBI). Which of the statements given above is/are correct?

Consider the following statements. Full convertibility of the rupee may mean: 1. Its free float with international currencies 2. Its direct exchange with any other international currency at any prescribed place inside and outside the country 3. It acts just like any other international currency Which of these statements are correct?

Assertion (A): The new EXIM policy is liberal, market oriented and favours global trade. Reason (R): GATT has played a significant role in the liberalisation of the economy.

Consider the following statements: In India, stamp duties on financial transactions are: 1. levied and collected by the State Government 2. appropriated by the Union Government Which of these statements is/are correct?

Debenture holders of a company are its:

In India, the first Bank of limited liability managed by Indians and founded in 1881 was:

Which one of the following committees recommended the abolition of reservation of items for the small-scale sector in industry?

With reference to the Public Sector Undertakings in India, consider the following statements: 1. Minerals and Metals Trading Corporation of India Limited is the largest non-oil importer of the country 2. Project and Equipment Corporation of India Limited is under the Ministry of Industry 3. One of the objectives of Export Credit Guarantee Corporation of India Limited is to enforce quality control and compulsory pre-shipment inspection of various exportable commodities Which of these statements is/are correct?

Consider the following financial institutions of India: 1. Industrial Finance Corporation of India (IFCI) 2. Industrial Credit and Investment Corporation of India (ICICI) 3. Industrial Development Bank of India (IDBI) 4. National Bank for Agriculture and Rural Development (NABARD) The correct chronological sequence of the establishment of these institutions is:

With reference to the Wholesale Price Index (WPI), consider the following statements: 1. The new WPI series with base 1993–94 = 100 became effective from April 1998 2. In the new WPI series, the weight for primary articles has gone down by 10 percentage points 3. The weight for electricity has increased in the new WPI series Which of these statements are correct?

Consider the following: 1. Currency with the public 2. Demand deposits with banks 3. Time deposits with banks Which of these are included in Broad Money (M3) in India?

Global capital flows to developing countries increased significantly during the nineties. In view of the East Asian financial crisis and Latin American experience, which type of inflow is good for the host country?

Assertion (A): Ceiling on foreign exchange for a host of current account transaction heads was lowered in the year 2000. Reason (R): There was a fall in foreign currency assets also.

The term National Income represents:

Consider the following statements regarding Reserve Bank of India: 1. It is a banker to the Central Government 2. It formulates and administers monetary policy 3. It acts as an agent of the Government in respect of India 4. It handles the borrowing programme of Government of India Which of these statements are correct?

The prices at which the government purchases food grains for maintaining the Public Distribution System and for building up buffer stock is known as:

Consider the following: 1. Market borrowing 2. Treasury bills 3. Special securities issued to RBI Which of these is/are component(s) of internal debt?

Match List I with List II and select the correct answer using the codes given below the lists: | List-I (Term) | | List-II (Explanation) A. | Fiscal deficit | 1. | Excess of Total Expenditure over Total Receipts B. | Budget deficit | 2. | Excess of Revenue Expenditure over revenue receipts C | Revenue deficit | 3 | Excess of Total Expenditure over Total Receipts less borrowings D. | Primary deficit | 4. | Excess of Total Expenditure over Total Receipts less borrowings and Interest Payments

The most appropriate measure of economic growth is: