UPSC General Knowledge - Indian Economy
Exam Duration: 45 Mins Total Questions : 30
Which one of the following sectors of the Indian economy established a committee under Sam Pitroda to implement smart grid to predict and intelligently respond to the behavior and actions of all users connected to it?
- (a)
Telecom sector
- (b)
Electricity sector
- (c)
Transport sector
- (d)
Banking sector
Consider the following statements about the Indian Postal Services Of the Indian Postal System?
1. The first-class mails are airlift without any surchange.
2.Second-class mail such ad book packets, registered newspaper and periodicals are carried by surfaces transport.
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
Consider the following statements
1.NABARD inherited all the apex roles from Reserve Bank of India.
2.NABARD gives long-term loans to the state government to enable them to subscribe to the share of cooperative credit societies.
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
Consider the following statements
1.Central Warehousing Corporation is responsible for the construction and running of the godowns for storage of agriculture products.
2.Central Warehousing Corporation of India was established in 1957.
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
Consider the following statements
1. The Minimum Support Price (MSP) Policy of India covers only wheat, paddy and coarse cereals.
2. The Minimum Support Price (MSP) for Grade-A Paddy is always higher than the common paddy.
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
Which one of the following is correctly matched?
- (a)
Revolution Sector Rainbow Industry - (b)
Revolution Sector Blue Fisheries Agriculture & Allied - (c)
Revolution Sector Yellow Services - (d)
Nove of these above
With the reference to agricultural sector India, consider the following statements
1.Command Area Development (CAD) programme was started in 1995 -96.
2.CAD was aimed to maximise the agricultural productivity through optimisation of the command areas.
Which of the statements given above is /are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 not 2
Consider the following statements
1. The Nationa Seed Research and Training Centre (NSTRTC) has been notified as a Central Seed Testing and Referral Laboratory from Apirl-1-2007.
2.The NSTRTC has become a member laboratory of the international Seed Testing Association, Zurich, Switzerland from 2007.
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
Choose the correct statements in the context of Cooperative Banks in India
1.Cooperative Banks operate on no profit no loss basis.
2.Cooperative Banks are allowed to operate only in the agricultural sector.
3.NABARD is a Cooperative Bank.
- (a)
Only 1
- (b)
1 and 2
- (c)
1 and 3
- (d)
All of these
Consider the following statements
1.India is meeting 85% of the Urea Fertilizer through indigenous production
2.India produces surplus amount of the fertilizer containing phosphorous and potassium.
Which of the statements given above is.are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
Consider the following statements
1. Agriculture commodities are the major products that have a large share of the commodities traded in the commodity futures market.
2. The commodity futures market facilitates the price discovery process and provides a platform for price risk management in commodities.
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
In India, in the overall index of industrial production, the indices of eight core industries have a combined weight of 37-90%. Which of the following are among those eight core industries?
1. Cement
2. Fertilizers
3. Natural gas
4. Refinery products
5. Textiles
Select the correct answer using the codes given below
- (a)
1 and 5
- (b)
2,3 and 4
- (c)
1,2,3 and 4
- (d)
1,2,3,4 and 5
Consider the following statements
1. The USSR assisted in building of Bhillai Steel Plant.
2. The British assisted in the building of the Bokaro Steel Plant.
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
Consider the following factors regarding an industry
1.Capital investment
2.Business turnover
3.Labour force
4.Power consumption
Which of the factors given above determine the nature and size of the industry?
- (a)
1,2,3 and 4
- (b)
1,2 and 3
- (c)
1,3 and 4
- (d)
3 and 4
Consider the following statements about an Economy
1.When a country progresses further, the manufacturing sector takes a back seat and given a way to the both output and employment.
2.When a country progresses further manufacturing sector become increasingly services centric.
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
Which one of the following states has the highest share of the Services sector in the Gross State Domestic Product in India?
- (a)
Maharashtra
- (b)
Goa
- (c)
Haryana
- (d)
Tamil Nadu
Which one of the following is the main aim of the Dr Ambedkar National Scholarship Scheme for meritorious students?
- (a)
To assist meritorious students belonging to other backwards classes for enabling them to pursue higher studies
- (b)
To assist meritorious students belonging to Scheduled Caste and Scheduled Tribe for enabling them to pursue higher studies
- (c)
To assist meritorious students belonging to Scheduled Caste and Scheduled Tribe for enabling them to pursue lower primary Education
- (d)
To assist meritorious girls students belonging to Scheduled Caste and Scheduled Tribe for enabling them to pursue primary Education
Which one of the following is the main objective of the Jan Shikshan Sansthan in India?
- (a)
Educationally and vocationally development of children belongs to certain minority communities in India
- (b)
Vocationally and occupationally development of the socio-economically backwards and educationally disadvantaged groups of urban/rural population
- (c)
Educationally development of teachers of certain region of India to enable to provide the Total Literacy Scheme to rural poor
- (d)
Bothe 'b ' and ' c ' are correct about the Jan Shikshan Santhan
Which one of the following laws/curves stated that the lower the unemployment in an economy, the higher the rate of inflation?
- (a)
Gini's Curve
- (b)
Verdoom's law
- (c)
Gibrat's law
- (d)
Philip's curve
Which of the following programme is being implemented by the National Bank fo Agriculture and Rural Development (NABARD)?
- (a)
Prime Minister's Rojgar Yojana (PMRY)
- (b)
Swarnjayanti Gram Swarojgar Yojana (SGSY)
- (c)
District Rural Industrial Project (DRIP)
- (d)
Rural Employment Generation Programme (REGP)
Which of the following two programmes are the parts of the National Social Assistance Programme of the Government of India?
1. Indira Awas Yojana and Pradhan Mantri Gram Sadak Yojana|
2. National Food for Work and Mild-Day Meal Scheme
3. National Old Age Pension Scheme and National Family Benefit Scheme
Which of the statements given above is/are correct?
- (a)
1 and 2
- (b)
1 and 3
- (c)
Only 3
- (d)
Only 2
Consider the following statements
1. Integrated Child Protection Scheme is a centrally sponsored scheme implemented through states was launched in 2005-06
2. Integrated Child Protection Scheme has an objective of providing a safe and secure environment for comprehensive development of children in the country who are in need of care and protection as well as children in conflict with the law.
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
Consider the following statements
1. Reserve Bank of India was nationalised in the year 1955.
2. Reserve Bank of India is a member bank of the Asian Cleaning Union.
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
Supply of money regaining the same when there is an increase in demand for money, there will be
- (a)
a fall in the level of prices
- (b)
an increase in the rate of interest
- (c)
a decrease in the rate of interest
- (d)
an increase in the level of income and employment
Consider the following transactions
1. Payment between Nepal and India.
2. Payment between Bhutan and India.
Which of the payments given above is/are the payments not eligible for settlement through the Asian Clearing Union?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
Which one among the following is the source of the Reserve Money (M0) in India?
- (a)
Net foreign exchange assets of RBI
- (b)
Government's currency liabilities to the public
- (c)
Net non-monetary liabilities of the RBI
- (d)
All of the above
Which among the following currencies is the costliest?
- (a)
French Franc
- (b)
Swidd Franc
- (c)
Euro
- (d)
Pound sterling
Consider the following statements
1. Industrial Finance Corporation of India was set up in the First Five Year Plan.
2. Industrial Development Bank of India, Cooperative Banks and Insurance Companies are the shareholders of the Industrial Finance Corporation of India.
Which of the statements given above is/are correct?
- (a)
Only 1
- (b)
Only 2
- (c)
Both 1 and 2
- (d)
Neither 1 nor 2
The Goods and services tax (GST) proposed to be introduced, covers taxes like
- (a)
Trade/Sale tax
- (b)
Service Tax
- (c)
Service, Excise
- (d)
Service, Excise, VAT
Which one of the following states in india imposed the general sales tax for the first time?
- (a)
Madras
- (b)
Bombay
- (c)
Calcutta
- (d)
Poona