Civils Indian Economy-1

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

Consider the following statements:
1. Smart Card is a plastic card with an embedded microchip
2.Dihital technology is primarily used with new physical communication medium such as satellite and fibre optics transmission
3. A digital library is a collection of documents in an organized electronic from available on the Internet only.
which of the statements given above is/ are correct ?

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

Consider the following statements:
1.Reserve Bank of India was nationalized on 26 January, 1950
2. The borrowing programme of the India is handled by the Department of Expenditure, Ministry of Finance
which of the statements given above is/ are correct ?

(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) Neither 1 nor 2

which of the following which not recommendation of the task force on direct taxes under the chairmanship of Dr. Vijay L. Kelker in the year 2002?

(A) Abolition of wealth Tax
(B) Increase in the exemption limit of personal income $ 1.20 lakh for widows
(C) Elimination of standard deduction
(D) Exemption from tax on dividends and capital gains from the listed equity

Consider the following statements:
1. The National Housing Bank , the apex institution of housing finance in India ,was set up as a wholly –owned subsidiary of the Reserve Bank of India
2. The Small Industries Development Bank of India was established as a wholly owned subsidiary of Industrial Development Bank of India
which of the statements given above is/ are correct ?

(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) Neither 1 nor 2

Consider the following statements:
1. The loans disbursed Kisan Credit Card Scheme are covered under Rashtriya Krisi Beema Yojna of Life Insurance Corporation of India
2. The kisan Credit Card holders are provided personal accident insurance of $ 50, 000 for accidental death and $ 25,000 for permanent disability
which of the statements given above is/ are correct ?

(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) Neither 1 nor 2

Consider the following statements:
1. Regarding the procurement of food grains Government of India follows a procurement target rather than an open –ended procurement policy
2. Government of India announce minimum suppot price only for cereals
3. For distribution under Targeted public distribution System (TPDS) , wheat and rice are issed by the Government of India at uniform central issue prices to the States/ Union Territories
which of the statements given above is/ are correct ?

(A) 1 and 2
(B) 2 only
(C) 1 and 3
(D) 3 only

Consider the following statements : India continues to be dependent imports to meet the requirement of oilseeds in the country because
1. Farmers prefer to grow food grains with highly remunerative support prices
2. Most of the cultivation of oilseeds crops continues to be dependent on rainfall
3. Oils from the seeds of tree origin and ricebrand have remained unexploited
4. It is far cheper to import oilseeds than to cultivate the oilseed crops
which of the statements given above is/ are correct ?

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

which one of the following companies has started a rural marketing network called ‘’e-chaupals’ ?

(A) ITC
(B) Dabur
(C) proctor and Gamble
(D) Hindustan Lever

Consider the following companies:
1. Voltas
2. Titan
3. Rallis India
4. Indian Hotels
which one of the companies are in the Tata Group of industries ?

(A) 1 and2
(B) 2, 3 and 4
(C) 1, 3 and 4
(D) 1, 2, 3 and 4

In the last one decade, which one among the following sectors has attracted the highest Foreign Direct Investment inflows into India ?

(A) Chemicals other than fertilizers
(B) Services sector
(C) Food processing
(D) Telecommunication

with reference to Indian punlic Finance, consider the following statements
1. Disbursements from public Account of India are subject to the Vote of parliament
2.The Indian Constitution provides for the establishment of a Consolidated Fund, a public Account and a contingency Fund for each state.
3. Appropriations an ddisbursements under the Railway Budget are subject to the same form of parliamentary control as other appropriations and disbursements
which of the statements given above is/ are correct ?

(A) 1 and 2
(B) 2 and 3
(C) 1 and 3
(D) 1, 2 and 3

which one of the following statements is not correct ?

(A) Under the targeted public distribution system , the families Below poverty Line are provided 50kg of food grains per month per family at subsidized price.
(B) Under Annapurna Scheme , indigent senior citizens of 65 years of age or above eligible for National Old age pension but not getting pension can get 10kg of food grains per person per month free of cost
(C) Ministry of social Justice and Empowerment has scheme in indigent people living in welfare institutions like orphanage are given 15 kg food grains per person per month at BPL rates
(D) Ministry of Human Resource Development gives financial support to Mid-day Meal Scheme for the benefit of class I to V students in Government or Government aided Schools

Consider the following statements:
1. The highest deciding body for planning in India is the planning commission of India
2. The Secretary of the planning commission of India is also the Secretary of national Development Council
3. The Constitution includes economic and social planning in the Concurrent List in the Seventh Schedule of the Constitution of India
which of the statements given above is/ are correct ?

(A) 1 and 2
(B) 2 and 3
(C) 2 only
(D) 3 only

Consider the following statements:
1. India does not export natural rubber Reason
2. About 97% of India’s demands for natural rubber is met from domestic production
which of the statements given above is/ are correct ?

(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) Neither 1 nor 2

Ama Jangal Yojana (my forest scheme) a bid to enhance forest cover in the state was launched in ?

(A) Odisha
(B) Chattisgarh
(C) Jharkhand
(D) Assam

Debenture holders of a company are its

(A) Odisha
(B) Creditors
(C) Debtors
(D) Assam

Consider the following statements : in India , stamp duties on financial transactions are
1. Levied and collected by the state Government
2. Appropriated by the Union Government
which of the statements given above is/ are correct ?

(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) Neither 1 nor 2