Economy - MOST IMPORTANT UPSC CSE Previous Year Questions

Adam Smith, Keynes, Hicks

Adam Smith, Marx, Strumlin

Adam Smith, Hayek, Friedman

Adam Smith, Ricardo, J.K. Galbraith

$\displaystyle 1$, $\displaystyle 2$, $\displaystyle 3$

$\displaystyle 1$, $\displaystyle 3$, $\displaystyle 2$

$\displaystyle 3$, $\displaystyle 1$, $\displaystyle 2$

$\displaystyle 2$, $\displaystyle 1$, $\displaystyle 3$

West Bengal

Punjab

Kerala

Maharashtra

Manufacturing

Construction

Financial services

Mixed farming

In the case of the imperative planning the market mechanism is entirely replaced by a command hierarchy, while in the case of indicative planning, it is looked upon as a way to improve the functioning of the market system.

In the case of indicative planning there is no need to nationalize any industry.

In the case of imperative planning all economic activities belong to public sector, while in the other type they belong to the private sector.

It is easier to achieve targets in imperative type of planning.

$\displaystyle 1$, $\displaystyle 2$, $\displaystyle 3$ and $\displaystyle 4$

$\displaystyle 2$, $\displaystyle 3$ and $\displaystyle 4$

$\displaystyle 1$ and $\displaystyle 4$

$\displaystyle 1$ and $\displaystyle 2$

Steel production

Organised term lending financial institutions

Transport

Commercial banking

Expansion of cultivable land, increased use of superphosphate, urea and effective biocides.

Wider popularization of high yielding crop varieties, better and more frequent irrigation and increased frequency of aerial sprays of inorganic fertilizers and pesticides.

Mixed cropping, organic manures, nitrogen fixing plants and pest resistant crop varieties.

Improved farm implements and machinery, use of potent insecticides to minimize post harvest grain losses and mono culture cropping practices.

Introduction of private capital in public sector.

Contracting out management of public enterprises to the private sector.

Transferring ownership and management to the workers.

Transferring ownership and management to the private sector.

A weighted average

A simple average

Fully floating

Fully administered

in every week of the year is zero.

is falling in every week of the year

is both falling and rising in a year.

is constant in every week of the year.

Rationing : Fiscal control

Cash Reserve Ratio : Selective Credit Control

Licensing : Comprehensive Control

Import Quota : Physical control

A currency issued by European Monetary Union.

Special currency issued by federal government of U.S.A. to be used only in Europe.

U.S. dollars circulating In Europe.

European currencies exchanged for the U.S. dollar in U.S.

Fiscal Policy

Monetary Policy

Budgetary Policy

Trade Policy

Pre independence stockpiling of diamonds in the country which are now exported.

Large production of industrial diamonds in the country.

Expertise available for cutting and polishing of imported diamonds which are then exported.

As in the past, India produces huge quantity of gem diamonds which are exported.

Most favour to some countries.

Most favour to all countries.

No favour to any country.

No favour to some countries.

Second tranche loan

SAF

ESAF

Oil Facility

the significant reduction in pubic sector outlays

the concentration of pubic investment in infrastructural sectors

major investment in agriculture with a view to promote exports

major investment in sectors in which industrial sickness has been a chronic problem

it is a Constitutional requirement

the vast quantity of capital already deployed in the public sector needs to be nurtured

Five Year Plans can continue to provide a long term perspective to the economy in market friendly fashions

the market economy is mainly confined to industry and commerce and central planning in agriculture is necessary

the sum of budgetary deficit and net increase in internal and external borrowings

the difference between current expenditure and current revenue

the sum of monetized deficit and budgetary deficit

net increase in Union Government’s borrowing from the Reserve Bank of India