Civils Indian Economy-2

Indian Economy UPSC Civil Services,Prelims,CSAT GS,IAS Exam,SSC

which of the following statements is correct with reference to FEMA in India

(A) the foreign exchange regulation act (FERA) was replaced by foreign exchange management act (FEMA) in the year 2001
(B) FERA was given a sunset clause of one year till 31-may-2002 to enable enforcement directorate to complete the investigation of pending issues
(C) under FEMA violation of foreign exchange rules has ceased to be criinal offence
(D) as per the new dispensation enforcement directorate can arrest and prosecute the people for the violation of foreign exchange rules

as per Human Development Index given by UNDP which one of the following sequences of south Asian countries is correct in the order of higher to lower development

(A) India-Sri Lanka-Pakistan-Maldives
(B) Maldives-Sri Lanka-India-Pakistan
(C) Sri Lanka-Maldives-India-Pakistan
(D) Maldives-India-Pakistan-Sri Lanka

consider the following statement
1. India ranks first in the world in fruit production
2. India ranks second In the world in the export of tobacco

(A) 1 only
(B) 2 only
(C) both 1 and 2
(D) neither 1 nor 2

function of the finance commission is/are
1. to allow the withdrawal of money out of the consolidated fund of India
2. to allocate between the states the shares of proceeds of taxes
3. to consider application for grants-in-aid from states
4. to supervise and report on whether the union and state government are levying taxes in accordance with the budgetary provisions
which of these statement is/are correct

(A) 1 only
(B) 2 and 3
(C) c, 3 and 4
(D) 1,2 and 4

in India the frist bank of limited liability manged by Indians and founded in 1881 was

(A) Hindustan commercial bank
(B) oudh commercial bank
(C) Punjab national bank
(D) Punjab and sind bank

in which one of the following countries is rupee its currency

(A) Bhutan
(B) Malaysia
(C) Maldives
(D) Seychelles

the kelkar proposals which were in the news recently were the

(A) recommendations for reforms in the power sector
(B) recommendations for tax reforms
(C) guidelines for the privatization of public sector undertaking
(D) guidelines for reducing vehicular pollution and the promotion of CNG use

consider the following statement
1. the maximum limit of shareholding of Indian promoters in private sector banks in India is 49 per cent of the paid up capital
2. foreign direct investment up to 49 percent from all sources is permitted in private sector banks in India under the automatic route
which of these statement is/are correct

(A) 1 only
(B) 2 only
(C) both 1 and 2
(D) neither 1 nor 2

consider the following statement
1, the new EXIM policy is liberal market oriented and favours global trade
2. GATT has played a significant role in the liberalization of the economy
which of the statement given is/are correct

(A) 1 only
(B) 2 only
(C) both 1 and 2
(D) neither 1 nor 2

which one of the following statement is not correct

(A) Rourkela plant the frist integrated steel plant in the public sector of India was set up with the soviet union collaboration
(B) salem steel plant is a premier producer of stainless steel in India
(C) Maharashtra elektorsmelt ltd is a subsidiary of the steel authority of India ltd
(D) Visakhapatnam steel plant is a unit of the rashtriya ispat nigam ltd

consider the following statement
1. poverty reduction and growth facility (PRGF) has been established by the international development association (IDA)
2. Singapore training institute (STI) is one of the institutes that provides training in macroeconomic analysis and policy and related subjects as a part of programme of the IMF institute
which of the statement given above is/are correct

(A) 1 only
(B) 2 only
(C) both 1 and 2
(D) neither 1 nor 2

consider the following statement
1. Sensex is based on 50 of the most important stocks available on the Bombay stock exchange
2. for calculating the sensexxx all the sensex stocks are assigned proportional weight age
3. newyork stock exchange is the oldest stock exchange in the world
which of the statement given above is/are correct

(A) 1 and 2
(B) 1 and 3
(C) 2 and 3
(D) none

consider the following statement
1. global trust bank has been amalgamated with the Punjab national bank
2. the second report of the kelkar committee dealing with direct and indirect taxes has maintained its original recommendations including the abolition of exemption relating to housing loans
which of the statement given above is/are correct

(A) 1 only
(B) 2 only
(C) both 1 and 2
(D) neither 1 nor 2

if the interest rate is decreased in an economy it will

(A) decrease the consumption expenditure in the economy
(B) increase the tax collection of the government
(C) increase the investment expenditure the economic
(D) increase the total saving in the economy

with reference to eco-sensitive zones which of the following statement is/are correct
1. eco-sensitive zones are the areas that are declared under the wildlife (protection) act 1972
2. the purpose of the declaration of eco-sensitive zones is to prohibit all kinds of human activities in those zones except agriculture
select the correct answer using the codes given below

(A) 1 only
(B) 2 only
(C) both 1 and 2
(D) neither 1 nor 2

which of the following organization brings out the publication knows as world economic out look

(A) the international monetary fund
(B) the united nations development programme
(C) the world economic forum
(D) the world bank

with reference to union budget which of the following is/are covered under non-plan expenditure
1. defence expenditure
2. interest payments
3. salaries and pensions
4. subsidies
select the correct answer using the code given below

(A) 1 only
(B) 2 and 3
(C) 1,2,3 and 4
(D) none