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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 begin in which Five Year Plans?
UPSC 2010
Sixth
Eighth
Tenth
Seventh
Which one of the following is responsible for the preparation and presentation of Union Budget to the Parliament?
UPSC 2010
Department of Revenue
Department of Economic Affairs
Department of Expenditure
None of the above
Which one of the following is not a feature of Limited Liability Partnership firm?
UPSC 2010
Partners should be less than 20
Internal governance may be decided by mutual agreement among partners
It is corporate body with perpetual succession
Partnership and management need not be separate
In the parlance of financial investments, the term ‘bear’ denotes :
UPSC 2010
An Investor Who Expects The Price Of Particular Shares to rise
An investor who feels that the price of a particular security is going to fall
A shareholder or a bond holder who has an interest in a company, financial or otherwise
None of the above
The SEZ Act, 2005 which came into effect in February 2006 has certain objectives. In this context, consider the following :
1. Development of infrastructure facilities.
2. Promotion of investment from foreign sources.
3. Promotion of exports of services only.
Which of the above are the objectives of this Act?
UPSC 2010
1 and 2 only
3 only
2 and 3 only
1, 2 and 3
Which of the following is/are treated as artificial currency?
UPSC 2010
ADR
GDR
SDR
Both ADR and SDR
The International Development Association, a lending agency, is administered by the :
UPSC 2010
International Bank for Reconstruction and Development
International Fund for Agricultural Development
United Nations Development Programme
United Nations Industrial Development Organisation
In order to comply with TRIPS Agreement, India enacted the Geographical Indications of Goods (Registration and Protection) Act, 1999. The difference/differences between a ‘Trade Mark’ and a 'Geographical Indication' is/are:
1. A Trade Mark is an individual or a company’s right whereas a Geographical Indication is a community’s right.
2. A Trade Mark can be licensed whereas a Geographical Indication cannot be licensed.
3. A Trade Mark is assigned to the manufactured goods whereas the Geographical Indication is assigned to the agricultural goods/products and handicraft only.
Which of the statements given above is/are correct?
UPSC 2010
1 Only
1 and 2
2 and 3
1, 2 and 3
Which of the following terms indicates a mechanism used by commercial banks for providing credit to the government ?
UPSC 2010
Cash Credit Ratio
Debt Service Obligation
Liquidity Adjustment Facility
Statutory Liquidity Ratio
Which one of the following statements is an appropriate description of deflation ?
UPSC 2010
It is a sudden fall in the value of a currency against other currencies
It is a persistent recession in both the financial and real sectors of economy
It is a persistent fall in the general price level of goods and services
It is a fall in the rate of inflation over a period of time
With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements :
1. They cannot engage in the acquisition of securities issued by the government.
2. They cannot accept demand deposits like Savings Account.
Which of the statements given above is/are correct ?
UPSC 2010
Only 1
Only 2
Both 1 and 2
Neither 1 nor 2
Which one of the following was not stipulated in the Fiscal Responsibility and Budget Management Act, 2003 ?
UPSC 2010
Elimination of revenue deficit by the end of the fiscal year 2007-08
Non-borrowing by the central government from Reserve Bank of India except under certain circumstances
Elimination of primary deficit by the end of the fiscal year 2008-09
Fixing goverment guarantees in any financial year as a percentage of GDP
Which one of the following is not related to United Nations ?
UPSC 2010
Multilateral Investment Guarantee Agency
International Finance Corporation
International Centre for Settlement of Investment Disputes
Bank for International Settlements
With reference to the National Investment fund to which the disinvestment proceeds are routed, consider the following statements:
1. The assets in the National Investment Fund are managed by the Union Ministry of Finance
2. The national investment fund is to be maintained within the Consolidated Fund of India
3. Certain Asset Management companies are appointed as the fund managers
4. A certain proportion of annual income is used for financing select social sectors
Which of the statements given above is/are correct?
UPSC 2010
1 only
2 only
3 and 4
3 only
With reference to the institution of Banking Ombudsman in India, which one of hte statements is not correct?
UPSC 2010
The Banking Ombudsman is appointed by the Reserve Bank of India
The Banking Ombudsman can consider complaints from Non- Resident Indians having accounts in India
The orders passed by the Banking Ombudsman are final and binding on the parties concerned
The service provided by the Banking Ombudsman is free of any fee
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 the “financial inclusion” in India.
UPSC 2010
1 and 2 only
2 and 3 only
3 only
1, 2 and 3
Consider the following statements: The functions of commercial banks in India include
1. Purchase and sale of shares and securities on behalf of customers
2. Acting as executors and trustees of wills.
Which of the statements given above is/are correct?
UPSC 2010
Only 1
Only 2
Both 1 and 2
Neither 1 nor 2
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?
UPSC 2010
Only 1
Only 2
Both 1 and 2
Neither 1 nor 2
Inclusive growth as enunciated in the 11th Five Year Plan does not include on of the following:
UPSC 2010
Reduction of poverty
Extension of employment opportunities
Strengthening of capital market
Reduction of gender inequality
Consider the following actions by the Government:
1. Cutting the tax rates
2. Increasing the government spending
3. Abolishing the subsidies In the context of economic recession
which of the above actions can be considered a part of the 'fiscal stimulus' package?
UPSC 2010
1 and 2 only
1 and 3 only
2 only
1, 2 and 3
When the Reserve Bank of India announces an increase of the Cash Reserve Ratio, what does it mean?
UPSC 2010
The commercial banks will have less money to lend
The Reserve Bank of India will have less money to lend
The Union Government will have less money to lend
The commercial banks wil have more money to lend
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 (CPI (IW)), the WPI gives less weight to food articles.
Which of the statements given above is/are correct?
UPSC 2010
Only 1
Only 2
Both 1 and 2
Neither 1 nor 2
With reference to the Consumer Disputes Redressal at district level in India, which one of the following statements is not correct ?
UPSC 2010
A State Government can establish more than one District Forum in a district if it deems fit
One of the members of the District Forum shall be a woman
The District Forum entertains the complaints where the value of goods or services does not exceed rupees fifty lakhs
A complaint in relation to any goods sold or any service provided may be filed with a District Forum by the State Government as a representative of the interests of the consumers in general
In India, the interest rate on savings accounts in all the nationalized commercial banks is fixed by
