💰 Economy Structure - PYQ

Q1. In the context of the Indian economy, non-financial debt 1. The foreign currency earnings of India’s IT sector. includes which of the following ?

Q2. The Fiscal Responsibility and Budget Management 1. Petroleum and Natural Gas Regulatory Board ( FRBM) Review Committee Report has recommended (PNGRB) is the first regulatory body set up by the a debt to GDP ratio of 60% for the general (combined) Government of India. government by 2023, comprising 40% for the Central 2. One of the tasks of PNGRB is to ensure competitive Government and 20% for the

Q3. BHIM app allows the user to transfer money to (a) Foreign-currency assets, Special Drawing Rights anyone with a UPI-enabled bank account. (SDRs) and loans from foreign countries 2. While a chip-pin debit card has four factors of (b) Foreign-currency assets, gold holdings of the RBI and SDR’s authentication, BHIM app has only two factors of (c) Foreign-currency assets, loans from the World Bank aut

Q4. In the context of Indian economy, consider the following 3. Private Remittances statements: [2011 - I] 4. Portfolio Investment 1. The growth rate of GDP has steadily increased in the Select the correct answer using the codes given below. last five years. (a) 1, 2 and 3 (b) 1, 2 and 4 2. The growth rate in per capita income has steadily (c) 2, 3 and 4 (d) 1, 3 and 4 increased in the last five years

Q5. Fringe Benefit Tax 2. Interest Tax (c) Its high population in the age group above 65 years. 3. Securities Transaction Tax (d) Its high total population. Which of the above is/are Direct Tax/Taxes? 66. Which one of the following is not a feature of “Value Added (a) 1 only (b) 1 and 3 only Tax” ? [2011 - I] (c) 2 and 3 only (d) 1, 2 and 3 (a) It is multi-point destination-based system of taxation. 5

Q6. Karl Marx explained the process of class struggle with the (d) It is a fall in the rate of inflation over a period of time help of which one of the following theories? [2011 - I] 59. Which of the following is/are treated as artificial currency? (a) Empirical liberalism (a) ADR (b) GDR

Q7. When the Reserve Bank of India announces an increase of 68. All revenues received by the Union Government by way of the Cash Reserve Rate, what does it mean?

Q8. External liabilities reported in the Union Budget are income countries facing high level of indebtedness. based on historical exchange rates 2. Singapore regional Training Institute (STI) is one of 2. The continued high borrowing has kept the real interest the institutes that provides training in macroeconomic rates high in the economy analysis and policy and related subject as a part of 3. The up

Q9. Rural electrification has been treated as a Basic 1. the two States with the lowest sex ratio are Haryana Minimum Service under the Prime Minister’s and Punjab Gramodaya Yojana 2. the two States with the lowest population per sq. km. 2. 100 percent Foreign Direct Investment in power is of area are Meghalaya and Mizoram allowed without upper limit 3. Kerala has both the highest literacy rate and se

Q10. Consider the following statements:

Q11. Assertion (A) : Ceiling on foreign exchange for a host of current (a) Chhattisgarh (b) Madhya Pradesh account transaction heads was lowered in the year 2000. (c) Orissa (d) Rajasthan Reason (R) : There was a fall in foreign currency assets 48. Which of the following is not a recommendation of the task also.

Q12. The prices at which the government purchases food grains the listed equity for maintaining the public distribution system and for 49. As per 1991 Census, which one of the following groups of building up buffer-stock is known as:

Q13. Which one of the following ports of India handles the of income tax between itself and the states highest tonnage of import cargo?

Q14. Which one of the following statements is false?

Q15. Excess of Total Expenditure D. Recovery 4. Steady rise in the general level of over Total Receipts prices, income, output and B. Budget deficit 2. Excess of Revenue Expenditure employment. over revenue receipts Codes: C. Revenue deficit 3. Excess of Total Expenditure over (a) A-1; B-2; C-3; D-4 (b) A-1; B-2; C- 4; D-3 Total Receipts less borrowings (c) A-2; B-1; C- 4; D-3 (d) A-2; B-1; C-3; D-4 D.

Q16. Assertion (A) : Devaluation of a currency may promote (a) Net National Product at market price export.

Q17. Omkar Goswami (a) Both A and R are true and R is the correct explanation C. Tax Reforms 3. R.N. Malhotra of A D. Reforms in Insurance 4. C. Rangarajan (b) Both A and R are true but R is not a correct explanation Sector of A Codes: (c) A is true but R is false (a) A- 1, B- 4, C-2, D -3 (b) A- 4, B- 2, C-1, D -3 (d) A is false but R is true (c) A- 4, B- 1, C-2, D -3 (d) A- 1, B- 3, C-4, D -2 27. Per

Q18. Mizoram 2. Kerala days in a year 3. Goa 4. Nagaland (c) they belong to agricultural labourer household and Choose the correct answer using the codes given below: the scheduled caste/tribe social group Codes: (d) their daily wages fall below the prescribed minimum (a) 2, 1, 3, 4 (b) 2, 3, 4, 1 wages (c) 2, 4, 1, 3 (d) 1, 2, 4, 3 5337_DBE Structure of the Indian Economy & Demographics D 3 28. Which

Q19. Among which one of the following sets of social/religious TABLE groups is the extent of poverty the highest, as per Indicators of development for some Asian Countries Government statistics for the nineties?

Q20. The first Indian State to have its Human Development 1995 1966 1995 Report prepared and released by Amartya Kumar Sen in India 62.4 72 52 Delhi is :

Q21. As per the 1991 Census, the average size of households in 20. The Capital Account Convertibility of the Indian Rupee terms of number of persons per household in respect of the implies:

Q22. A consumer is said to be in equilibrium, if:

Q23. The supply-side economics lays greater emphasis on the (b) Consumers Price Index for urban non-manual workers point of view of :

Q24. Given below are two statements, one labelled as Assertion 23. Human Poverty Index was introduced in the Human (A) and the other labelled as Reason (R). Development Report of the year:

Q25. In India, inflation is measured by the:

Q26. The current Price Index (base 1960) is nearly 330. This means Universalism and globalism.

Q27. The Minimum Alternative Tax (MAT) was introduced in the of A Budget of the Government of India for the year:

Q28. One of the important goals of the economic liberalisation (c) The target group of JRY are the urban poor living below policy is to achieve full convertibility of the Indian rupee. the poverty line This is being advocated because:

Q29. A redistribution of income in a country can be best brought intensive industries about through:

Q30. According to the 1991 Census, the highest percentage of 7. The main reason for low growth rate in India, inspite of high population in India is to be found in the age group of : rate of savings and capital formation is :

Q31. Euro-issues—Shares held by Indian companies in structural adjustment is a quick adaptation process European countries (b) Structural adjustment is a gradual multi-step process, while 4. Portfolio investment—Foreign institutional investors. stabilization is a quick adaptation process Codes: (c) Stabilization and structural adjustment are very similar (a) 1, 2 and 4 (b) 3 and 4 and complimentary pol

Q32. The Narasimham Committee for financial sector Reforms (b) it will attract more foreign capital inflow in India has suggested reduction in

Q33. Corporation tax:

Q34. One of the reasons for India’s occupational structure (b) Both A and R are true but R is not a correct explanation of A remaining more or less the same over the years has been (c) A is true but R is false that: