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UPSC Exam  >  UPSC Notes  >  Indian Economy CSE  >  Expected Questions with Answers- 3

Expected Questions with Answers- 3

Question: 1. The tax reform committee headed by Prof Raja J. Chelliah has recommended extensive reform in structure of________
Ans: ICICI
Question: 2. How many state Finance Corporations are working in India at present?
Ans: 18
Question: 3. Under the amended Sick Industrial Companies Act (SICA)________have been brought under the jurisdiction of the Board for Industrial and Financial Reconstructions (BIFR) which will now decide whether these units will be effectively revived or whether they should be closed down.
Ans: Public sector undertakings
Question: 4. The Rangrajan Committee was established for a study into________
Ans: Disinvestment of shares in public sector enterprises
Question: 5. The amended Foreign Exchange Regulation Act (FERA), 1973 has removed controls on________
Ans: Indian firms setting up joint ventures abroad and allowed Indians to hold immovable property abroad
Question: 6. Which sector is at the top in Industrial production Index?
Ans: Manufacturing
Question: 7. What percentage of country's demand for natural rubber is met by indigenous production?
Ans: 97%
Question: 8. Bhandari Committee was related to
Ans: Reconstruction of RRBs
Question: 9. The balance of payments continued to be under pressure during the seventh plan because of
Ans: Deceleration in growth of domestic oil production; unsatisfactory growth in our exports sector
Question: 10. "Socialist Pattern" comes through ________
Ans: Mixed economy
Question: 11. A market economy is one in which ________
Ans: Products and factors are bought and sold
Question: 12. Who wrote a book describing the theory of economic drain of India during British rule?
Ans: Dadabhai Naoroji
Question: 13. In the 8th Five Year Plan foreign borrowing would be limited to ________ of GDP.
Ans: 1.6%
Question: 14. In India, present trend of rapid urbanisation is due to ________
Ans: Lack of employment opportunities in rural areas
Question: 15. Economic development has been retarded in India mainly due to ________
Ans: Westernised social attitudes
Question: 16. In a free economy inequalities of income are mainly due to ________
Ans: Private property and inheritance
Question: 17. Name the committee which was set up to review the methodology for the estimation of cost of production of crop and adjustment of procurement/support prices.
Ans: Hanumantha Rao Committee
Question: 18. First Share market in India was established in
Ans: Mumbai
Question: 19. The headquarters of ILO is at
Ans: Geneva
Question: 20. The difference between GDP and NDP is ____
Ans: Consumption of fixed capital
Question: 21. Which country produces maximum tea in the world__
Ans: India
Question: 22. National Sample Survey (NSS) was established in 
Ans: 1950
Question: 23. 'Trust card' has been launched by
Ans: BSNL
Question: 24. The share percentage of sponsor bank in the equity of Regional Rural Banks is
Ans: 35%
Question: 25. Which state ensures the maximum production of coffee in India?
Ans: Karnataka
Question: 26. The apex organisation of industrial finance in India is
Ans: IDBI
Question: 27. The term GNP incorporates the economic activity by taking into account ________
Ans: The nationals of the country and their property
Question: 28. The depreciation is deducted from GNP in order to estimate NNP because the national income economists ________
Ans: Desire to keep intact the total physical productivity of the capital goods
Question: 29. Which Bank is a subsidiary of RBI?
Ans: National Housing Bank
Question: 30. Multidimensional Poverty Index is a new Index being included in
Ans: Human Development Report
Question: 31. Who is the chairman of 7th Pay Commission?
Ans: Ashok Kumar Mathur
Question: 32. Who wrote, "The General Theory of Employment, Interest and Money"?
Ans: J.M. Keynes
Question: 33. The difference between GNP at market price and GDP at market price is equal to ________
Ans: Net property income from abroad
Question: 34. Which measures does not include final goods and services?
Ans: Disposable income
Question: 35. National Income is the ________
Ans: Sum total of factor incomes
Question: 36. Which method should be used to estimate national income of a predominantly agricultural economy?
Ans: Production method
Question: 37. Subsidies mean ________
Ans: Payment by Government to business enterprises without buying any goods and services
Question: 38. As per the WTO's International Trade Statistics 2013, India's share in Global exports is
Ans: 1.7%
Question: 39. Depreciation means ________
Ans: Loss of equipment over time due to wear and tear
Question: 40. National product at market prices is higher than ________
Ans: National product at factory cost
Question: 41. National product at market prices is higher than national product at factor cost by the amount of ________
Ans: Indirect taxes minus subsidies
Question: 42. A major part of a country's output is normally used for ________
Ans: Private consumption
Question: 43. A growing country is one with ________
Ans: Rising GNP at constant prices
Question: 44. Over the time in a country, changes in the average standard of living are measured by ________
Ans: Real per capita income
Question: 45. For a study of the long-term growth of the economy we use ________
Ans: Real GNP
Question: 46. A deflator is a technique of ________
Ans: Adjusting for changes in the price level
Question: 47. India's rank in Global Competitiveness Index 2014-15 is
Ans: 60th
Question: 48. Which year is known as 'Year of the Great Divide' with regard to population growth in India?
Ans: 1921
Question: 49. Which Foreign Bank has the highest number of branches in India?
Ans: Standard Chartered Bank
Question: 50. How many national commodity exchanges do exist in India after including ICEX in the series?
Ans: 4

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FAQs on Expected Questions with Answers- 3

1. What is the importance of conducting a feasibility study?
Ans. A feasibility study is important as it helps organizations assess the viability of a proposed project or plan before investing time, money, and resources into it. It helps in identifying potential risks, challenges, and opportunities associated with the project, allowing decision-makers to make informed choices.
2. How is a feasibility study different from a business plan?
Ans. A feasibility study focuses on evaluating the practicality and potential success of a project, while a business plan outlines the detailed strategy and operational aspects of a business. A feasibility study helps determine if the project is worth pursuing, while a business plan outlines how to execute and manage the project if deemed feasible.
3. What are the key elements included in a feasibility study?
Ans. A feasibility study typically includes the following key elements: - Market analysis: Assessing the target market, competition, and potential demand for the project. - Technical feasibility: Evaluating the project's technical requirements, such as infrastructure, resources, and technology. - Financial analysis: Analyzing the financial viability, including cost estimation, revenue projections, and return on investment. - Risk assessment: Identifying potential risks, challenges, and mitigation strategies. - Organizational feasibility: Examining the project's alignment with the organization's goals, resources, and capabilities.
4. How long does it take to conduct a feasibility study?
Ans. The duration of a feasibility study depends on the complexity and scope of the project. It can range from a few weeks to several months. Factors such as data availability, stakeholder involvement, and decision-making processes can also influence the timeline of the study.
5. Who is responsible for conducting a feasibility study?
Ans. The responsibility for conducting a feasibility study often lies with project managers, business analysts, or consultants. They are typically tasked with gathering relevant data, conducting analysis, and presenting the findings to key stakeholders. However, the involvement of different departments and experts may be required depending on the nature and size of the project.
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