Structure of the Indian Economy (Civil Service Examination), Questions and Answers, GK for UPSC, Bank PO & All Exams

1. Among which one of the following sets of social/religious groups is the extent of poverty the highest, as per Government statistics for the nineties? [1999]

a. Muslims in Kerala, Gujarat and A.P.

b. Tribals in Bihar, Orissa, M.P. and Maharashtra

c. Scheduled Caster in Punjab, Western UP, Northern Rajasthan and Tamil Nadu

d. Christians in Gujarat, Maharashtra and Assam

2. Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). [1997] Assertion (A): The emergence of economic globalism does not imply the decline of socialist ideology.
Reason (R): The ideology of socialism believes in Universalism and globalism.
In the context of the above two statements which one of the following is correct?

a. Both A and R are true and R is the correct explanation of A

b. Both A and R are true but R is not the correct explanation of A

c. A is true but R is false

d. A is false but R is true

3. The Narasimham Committee for financial sector Reforms has suggested reduction in [1995]

a. SLR and CRR

b. SLR, CRR and Priority Sector Financing

c. SLR and Financing to capital goods sector

d. CRR, Priority Sector Financing and Financing to capital goods sector

4. Human Poverty Index was introduced in the Human Development Report of the year: [1998]

a. 1994

b. 1995

c. 19%

d. 1997

5. According to the World Development Report, low income economics are those for which the per capita GNP in 1994 was: [1998]

a. US $ 925 or less

b. US $825 or less

c. US $725 or less

d. US $525 or less

6. One of the important goals of the economic liberalisation policy is to achieve full convertibility of the Indian rupee. This is being advocated because: [1996]

a. convertibility of the rupee will stabilize its exchange value against major currencies of the world

b. it will attract more foreign capital inflow in India

c. it will help to promote exports

d. it will help India secure loans from the world financial markets at attractive terms

7. In an open economy, the national income (Y) of the economy is:
(C, I, G X, M stand for Consumption, Investment, Govt. Expenditure, total exports and total imports respectively.) [2000]

a. Y = C + I + G + X

b. Y = I + G -X + M

c. Y = C + I- G + (X-M)

d. Y = C + I- G + (X-M)

8. Which one of the following ports of India handles the highest tonnage of import cargo? [2000]

a. Calcutta

b. Kandla

c. Mumbai

d. Visakhapatnam

9. The economic crisis in the later half of 1990s most seriously affected Indonesia, Thailand, Malaysia and South Korea. The cause of the crisis was: [1999]

a. mismanagement of the financial resources and financial sector, in general

b. the prolonged over-valuation of local currencies vis-vis the western currencies

c. the downswing and recession in the western economies which earlier provided export market oriented countries

d. none of these

10. The main reason for low growth rate in India, inspite of high rate of savings and capital formation is: [1995]

a. high birth rate

b. low level of foreign and

c. low capita/output ratio

d. high capita/output ratio

General Knowledge

1. World Geography -Test-01

2. World Geography -Test-02

3. World Geography -Test-03

4. Geography of India -Test-01

5. Geography of India -Test-02

6. Geography of India -Test-03

7. Geography of India -Test-04

8. Geography of India -Test-05

9. History of India - Test - 01

10. History of India - Test - 02

11. History of India - Test - 03

12. History of India - Test - 04

13. History of India - Test - 05

14. History of India - Test - 06

15. History of India - Test - 07

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Mumbai City

Rajabai Clock Tower

The Rajabai Clock Tower is a clock tower in South Mumbai, India.It is located in the confines of the Fort campus of the University of Mumbai.The tower stands at a height of 85 m (280 ft).The tower was built in a fusion of Venetian and Gothic styles.It is built out of the locally available buff coloured Kurla stone.The tower has one of the best stained glass windows in the city.