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UPSC Exam  >  UPSC Notes  >  Indian Economy CSE  >  Expected Questions with Answers- 5

Expected Questions with Answers- 5

Question: 1. 'Aam Admi Bima Yojana', a scheme for rural landless household, is introduced by
Ans: LIC (Life Insurance Corporation of India)
Question: 2. CENVAT is related to
Ans: Excise duty (central excise)
Question: 3. What is open sky scheme?
Ans: Export promotion scheme of the Civil Aviation Ministry
Question: 4. 'Aasha home Loan Scheme' is launched by _____
Ans: AXIS Bank
Question: 5. The Industrial Licensing Policy Inquiry Committee which submitted its report in  1969 is popularly known as the ________
Ans: Dutt Committee (Industrial Licensing Policy Inquiry Committee)
Question: 6. 'Marginal Farmers' are those who hold land upto___
Ans: Up to 1 hectare
Question:  7. The creation of core sector and a joint sector was recommended by ________
Ans: Dutt Committee (recommended core and joint sectors)
Question:  8. The Industrial Policy announced on May 31, 1990 raised the investment limit for small scale sector from Rs. 35 lakh to Rs. ________
Ans: Rs. 60 lakh
Question: 9. A joint sector means cooperation between _______
Ans: Private sector and public sector enterprises
Question:  10. In India, the largest number of workers are employed in ________
Ans: Iron and steel industry
Question: 11. Core industries were listed for the first time in the industrial licensing policy of ________
Ans: 1970


Question: 12. In which year was IDBI delinked from RBI and made an autonomous corporation?
Ans: 1976
Question: 13. The All India Khadi and Village Industries Board was set up during the ________
Ans: First Plan
Question: 14. The Khadi and Village Industries Commission (KVIC) was set up during the ________
Ans: Second Plan
Question: 15. CART was set up in 1982 to ________
Ans:Improve technology of rural industries
Question: 16. Which Committee was set up to review the concept of poverty line?
Ans: Lakdawala Committee
Question: 17. The major source of finance for small scale industries is ________
Ans: Bank loans
Question: 18. The Monopolies and Restrictive Trade Practices Commission was set up in ________
Ans: 1970
Question: 19. Prior to July 24, 1991, the MRTP Act applied to an undertaking owing assets worth more than _______
Ans: Rs 100 crore
Question: 20. Genuine sickness refers to ________
Ans: Factor(s) beyond the control of project promoters despite their best and sincere efforts
Question: 21. Which Committee was constituted in April 1993 to study and make recommendations on the question of industrial sickness and corporate restructuring?
Ans: Goswami Committee
Question: 22. When did the General Agreement on Tariffs and Trade, which sets out rulers for world trade, come into force?
Ans: 1948
Question: 23. Which is the leading export item among Indian plantation crops?
Ans: Tea
Question: 24. Financial distribution between the Union and the States takes place on the basis of the recommendations of ________
Ans: The Finance Commission
Question: 25. When was Long-Term Fiscal Policy first announced in India?
Ans: 19 December 1985
Question: 26. First Export promotion zone in private sector was established at_____
Ans: Surat
Question: 27. One of the main reason that led to rapid expansion of Indian exports is ________
Ans: Liberalisation of the economy
Question: 28. Devaluation of a country's currency will be more fruitful if ________
Ans: Prices of exports do not rise
Question: 29. Devaluation of currency leads to ________
Ans: Increase in domestic prices
Question: 30. A favourable balance of trade means ________
Ans: An excess of exports of goods over imports of goods (trade surplus)
Question: 31. Under a flexible exchange system, the exchange rate is determined by ________
Ans: The forces of demand and supply in the foreign exchange market
Question: 32. What is cross border exchange?
Ans: Foreign exchange trade in India
Question: 33. Protectionism in international trade stands for ______
Ans: Restricted trade policy (protectionism)
Question: 34. Before 1991, Indian rupee was last devalued in _____
Ans: 1966
Question: 35. IBRD aims at ________
Ans: Helping in reconstruction and development of the economy
Question: 36. When did the Reserve Bank of India become a state owned institution?
Ans: 1948
Question: 37. The scheduled commercial banks in the public sector account for what percentage of commercial banking system in India?
Ans: 80%
Question: 38. What was the aim of Antyodaya Programme?
Ans: Helping the poorest people
Question: 39. Which press prints currency notes of the denomination of Rs. 100?
Ans: The Bank Note Press, Dewas
Question: 40. Income Tax in India was introduced by
Ans: James Wilson
Question: 41. The scheme HIRDAY is associated with
Ans: Developing heritage cities
Question: 42. The Nathpa Jhaki Hydro-electric project has an installed capacity of ________
Ans: 1500 MW
Question: 43. How many stock exchanges are there in India? 
Ans: 22
Question: 44. When was the Securities and Exchange board of India constituted?
Ans: 12 April 1988
Question: 45. Which country is the largest producer of wheat?
Ans: China
Question: 46. Council of Advancement of People's Action and Rural Technology (CAPART) was registered under the Societies Registration ACT, 1860 on ________
Ans: 1 September 1986
Question: 47. Agriculature price commission and Indian Food Corporation were constituted in
Ans: 1965
Question: 48. Which is the highest export-oriented handicrafts in Indian exports?
Ans: Gem and ornaments
Question: 49. Which rural schemes were marged with Swarna Jayanti  Gram Swarojgar Yozana?
Ans: NREP and RLEGP
Question: 50. Dauphin, Bell 206L4, and Robinson R44 are ______
Ans: Helicopters

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