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Which of the following is/are the consequence(s) of invoking Article 360, declaration of a financial emergency?
1. The President may order the States to reduce the salaries and allowances of all or any class of employees serving in connection with the State affairs.
2. Money Bills or other financial bills passed by the State Legislature are not required to be reserved for the consideration of the President.
3. The President can issue directions for the reduction of salaries and allowances of all or any class of employees serving in connection with the affairs of the Union, including the Judges of the Supreme Court and the High Courts.
4. Money Bills or other financial bills are to be reserved for the consideration of the President after they are passed by the Legislature of the State.
Select the correct answer using the codes given below.
69th BPSC
Only 1, 3 and 4
Only 2
Only 1 and 2
All of the above
The first Industrial Policy of the free India was announced in
1948
1949
1950
1952
Which of the following items is/are excluded from National Income measurement?
Proceeds from sale of second hand goods
Proceeds from brokerage by selling second hand goods
Value of goods for self consumption
None of the above
In India, liberal Industrial Policy was adopted in the year
1956
1985
1991
1948
The Policy of liberalization, privatization and globalization was announced as New Economic Policy by Prime Minister :
Narsimha Rao
Rajeev Gandhi
Manmohan Singh
More than one of the above
Which of the following factors could potentially contribute to stagflation in the Indian economy?
1. High inflationary pressures due to increased Government spending
2. Decline in industrial production and sluggish economic growth
3. Decrease in aggregate demand and consumer spending
4. Appreciation of the domestic currency leading to reduction of export competitiveness
Select the correct answer using the codes given below.
69th BPSC
Only 1 and 2
Only 2 and 3
Only 1, 3 and 4
1, 2, 3 and 4
Regarding Money Bill, which of the following statements is not correct?
A bill shall be deemed to be Money Bill if it contains only provisions related to imposition, abolition, remission, alteration or regulation of any tax.
A Money Bill has provisions for the custody of the Consolidated Fund of India or the Contingency Fund of India.
A Money Bill is concerned with appropriation of moneys out of the Contingency Fund of India.
None of the above
Which of the following is not true about globalization and its impact on India?
69th BPSC
It has expanded trade in goods and services.
It has led to greater flow of Foreign Direct Investment.
Increase in exports is greater than increase in imports.
None of the above
Under the Constitution of India, Economic Planning is a subject :
In the State List
In the Union List
In Concurrent List
None of the above
What is true for Planning in India?
In August 1937, the Congress Working Committee at its meeting in Wardha adopted a resolution of national reconstruction and social planning.
Modi Government renamed 'Planning Commission' as 'Niti Aayog'.
Subhash Chandra Bose announced the formation of a National Planning Committee with Jawaharlal Nehru as Chairman in 1938.
More than one of the above
Who among the following formulated the 'Gandhian Plan'?
Mahatma Gandhi
M. N. Roy
Mahalanobis
None of the above
Who amongst the following drafted the 'Sarvodaya Plan'?
M. N. Roy
Jai Prakash Narayan
Shriman Narayan Agarwal
None of the above
'Food, Work and Productivity' slogan was given in the following :
Seventh Five Year Plan
Janata Dal Election Manifesto
United Nations Human Rights Declaration
None of the above
The base year for All-India Wholesale Price Index (WPI) has been changed by the Government of India from 2004-05 to:
63rd BPSC
2010-11
2011-12
2012-13
None of the above
The Government of India had nationalized 14 banks of the country in :
July, 1969
August, 1971
March, 1981
None of the above
In Indian currency, the one rupee note is issued under the signature of :
48-52nd BPSC
Governor of Reserve Bank of India
Finance Secretary, Ministry of Finance, Govt. of India
Finance Minister, Govt. of India
None of the above
Financial sector reforms in India consist of:
56-59th BPSC
Lowering down of CRR and SLR
Entry of private firms in insurance sector
Deregulation of interest rates
More than one of the above
Money received by the Government under the 'State Provident Funds' is credited to the :
Contingency Fund
Consolidated Fund
Public Accounts Fund
None of the above
Which type of economy does India have?
53-55th BPSC
Socialist
Gandhian
Mixed
None of the above
The first phase of liberalization was initiated in India under the regime of :
Rajiv Gandhi
P.V. Narsimha Rao
Atal Bihari Vajpayee
None of the above
Free Trade Zones have been established in India for the :
development of backward areas
promotion of small scale industries
promotion of export industries
None of the above
The policy for Special Economic Zone (SEZ) was introduced in the country for the first time in :
1991
2000
2005
2008
Which of the following is not a method to calculate the Gross Domestic Product (GDP)?
66th [RE] BPSC
Product method
Diminishing cost method
Income Method
None of the above
India’s first Export Processing Zone (EPZ) was created in :
Kandla
Mumbai
Noida
None of the above
Consider the following statements :
1. India’s first EPZ was set up in 1965.
2. Special Economic Zone (SEZ) policy in India was formulated in 2000.
3. Vadodara is famous for Patola Silk.
4. Panna in Madhya Pradesh is famous for gold mines.
Of these statements :
Only 1, 2 and 3 are correct
Only 2, 3 and 4 are correct
Only 3 and 4 are correct
1, 2, 3 and 4
Which one of the following is a sign of economic growth?
An increase in National Income at constant prices during a year
A sustained increase in real Per Capita Income
An increase in National Income at current prices over time
None of the above
The problem of International liquidity is related to the non-availability of :
Goods and services
Gold and Silver
Dollars and other hard currencies
None of the above
Which one of the following measures is not likely to aid in improving India’s Balance of Payment position?
60-62nd BPSC
Promotion of Import Substitution Policy
Devaluation of rupee
Levying of higher duties on exports
None of the above
The most appropriate measure of a country’s economic growth is its –
Gross Domestic Product (GDP)
Net Domestic Product (NDP)
Per Capita Product (PCP)
Net National Product (NNP)
Which one of the following groups of items is included in India's foreign exchange reserves?
UPSC 2013
Foreign currency assets, Special Drawing Rights (SDRs) and loans from foreign countries
Foreign currency assets, gold holdings of the RBI and SDRs
Foreign currency assets, loans from the World Bank and SDRs
Foreign currency assets, gold holdings of the RBI and loans from the World Bank
The economist who for the first time scientifically determined National Income in India?
60-62nd BPSC
D. R. Gadgil
Manmohan Singh
V. K. R. V. Rao
None of the above
Which of the following offices or institutes releases data of the National Income in India?
66th [RE] BPSC
NSSO
Niti Aayog
CSO
None of the above
At present which of the following base year is being used for estimation of National Income in India?
2011-12
2015-16
2020-21
2004-05
In the year, 1991-92, the Per Capita Annual Income in India at current price was
5835
6835
7835
9835
Which of the followings is not true for National Food Security Act?
It provides legal entitlement to 67 percent of population at subsidised food
It covers 75 percent of rural population and 50 percent of urban population
It has only two schedules which prescribes for issue of price and nutritional standards of food
None of the above
Which of the following is not an economic activity?
UPPSC 2023
Transportation
Farming
Voluntary Social Service
None of the above
With reference to the management of minor minerals in India, Find incorrect statement.
Sand is a ‘minor mineral’ according to the prevailing law in the country.
State Governments have the power to grant mining leases of minor minerals, but the powers regarding the formation of rules related to the grant of minor minerals lie with the Central Government.
State Governments have the power to frame rules to prevent illegal mining of minor minerals.
More than one of the above
Consider the following statements about farm subsidies in India.
1. The input subsidies in India, such as on fertilizers fall under indirect farm subsidies.
2. Reduction in power and irrigation bills offered to farmers fall under direct farm subsidies.
3. The agricultural provisions of the World Trade Organization (WTO) though allow direct farm subsidies, prohibit indirect subsidies.
4. All subsidies provided by the governments in India fall under the indirect subsidies.
Select the correct statements using the code given below.
UPPSC 2022
1 and 4
3 and 4
2 and 3
All four
T. Malthus propounded one of the most famous theories, called ‘The Malthusian Theory’ which is related to
UPPSC 2022
Economy
Population
Unemployment
None of the above
Which statement is not true about the poverty estimates based on the 68th round of NSSO?
67th [RE] BPSC
The poverty line defined at Rs 33:33 per capita per day for urban areas.
The 21•9 per cent population of India was living below the poverty line.
The 33:35 per cent population of India was living below the poverty line.
None of the above
The system under which the peasant himself owns the land and is responsible for payment of land revenue to the Government is known as
65th BPSC
Zamindari system
Ryotwari system
Mahalwari system
None of the above
In which year was the Industrial Policy Resolution adopted?
69th BPSC
1956
1954
1952
1950
Who among the following is known as the architect of Indian planning?
V. K. R. V. Rao
Sukhamoy Chakravarty
P. C. Mahalanobis
None of the above
Who was first Finance Minister of independent India?
R. K. S. Chetty
C. D. Deshmukh
Morarji Desai
H. N. Bahuguna
Which economist first studied poverty in India and indicated a decrease in the percentage of rural poor between 1956-1968?
V. M. Dandekar
B. S. Minhas
D. T. Lakkarwala
M. S. Ahluwalia
Consider the following events and arrange them in chronological order with the help of code given below:
I. First phase of Bank Nationalisation
II. Second phase of Bank Nationalisation
III. Establishment of Regional Rural Banks
IV. Establishment of NABARD
I II III IV
II I III IV
I III II IV
II I IV III
Which of the following decisions of the Reserve Bank of India will reduce the loaning capacity of the commercial banks?
I. Increasing the Reverse Repo Rate.
II. Decreasing the Statutory Liquidity Ratio.
IlI. Increasing the cash reserve ratio.
IV. Decreasing standing deposit facility rate.
Correct code is-
Only I and III
Only II and IV
Only I and II
Only I and IV
Which country has made Corporate Social Responsibility Act first?
India
America
Russia
None of the above
NABARD is India’s apex development bank, established in ______ under an Act of Parliament to promote sustainable and equitable agriculture and rural development.
1980
1981
1982
1984
Tertiary economic activities involve
the extraction or harvesting of natural resources
the processing and transformation of raw materials
the provision of services to consumers
None of the above
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 ?
UPSC 2009
Only 1
Only 2
Both 1 and 2
Neither 1 nor 2
In the context of independent India's economy, which one of the following was the earliest event to take place ?
UPSC 2009
Nationalisation of Insurance companies
Nationalisation of State Bank of India
Enactment of Banking Regulation Act
Introduction of First Five-Year Plan
Which of the following measures would result in an increase in the money supply in the economy?
1. Purchase of government securities from the public by the Central Bank
2. Deposit of currency in commercial banks by the public
3. Borrowing by the government from the Central Bank
4. Sale of government securities to the public by the Central Bank
Select the correct answer using the codes given below :
UPSC 2012
1 only
2 and 4 only
1 and 3
2, 3 and 4
Which of the following would include Foreign Direct Investment in India?
1. Subsidiaries of foreign companies in India
2. Majority foreign equity holding in Indian companies
3. Companies exclusively financed by foreign companies
4. Portfolio investment
Select the correct answer using the codes given below :
UPSC 2012
1, 2, 3 and 4
2 and 4 only
1 and 3 only
1, 2 and 3 only
Consider the following statements : The price of any currency in international market is decided by the
1. World Bank
2. Demand for goods/services provided by the country concerned
3. Stability of the government of the concerned country
4. Economic potential of the country in question
Which of the statements given above are correct ?
UPSC 2012
1, 2, 3 and 4
2 and 3 only
1 and 4 only
3 and 4 only
The symbol 'ECOMARC' is related to which of the following?
Goods of best quality
Safe goods for environment
Exported goods
Imported goods
Which of the following is/are component/s of capital account?
