National Current Affairs 5

National Current Affairs (Civil Service Examination), Questions and Answers, GK for UPSC, Bank PO & All Exams

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1. With reference to the Wholesale Price Index (WPI), consider the following statements: [2002]
1. The new WPI series with base 1993-94 = 100 became effective from April 1998
2. In the new WPI series, the weight for primary articles has gone down by 10 percentage points
3. The weight for electricity has increased in the new WPI series
Which of these statements are correct?

 
 
 
 

2. Among the following commodities imported by India during the year 2000-01, which one was the highest in terms of rupee value? [2003]

 
 
 
 

3. India’s external debt increased from US $ 91,158 million as at the end of March 2000 to US $ 100,225 million as at the end of March 2001 due to increase in: [2002]

 
 
 
 

4. Among the following major stock exchanges of India, the exchange which recorded highest turnover during the year 2000-01 is: [2002]

 
 
 
 

5. Consider the following statements: [2003]
1. The maximum limit of shareholding of Indian promoters in private sector banks in India is 49 percent of the paid up capital
2. Foreign Direct Investment upto 49 percent from all sources is permitted in private sector banks in India under the automatic route
Which of these statements is/are correct?

 
 
 
 

6. Consider the following statements: [2002]
The objectives of the National Renewal Fund set up in February 1992 were:
1. To give training and counselling for workers affected by retrenchment or VRS
2. Redeployment of workers
Which of these statements is/are correct?

 
 
 
 

7. Assertion (A): The new EX1M policy is liberal, market- oriented and favours global trade.
Reason (R): GATT has played a significant role in the liberalisation of the economy. [2003]

 
 
 
 

8. With reference to the Indian economy, consider the following activities: [2003]
1. Agriculture, Forestry and Fishing
2. Manufacturing
3. Trade, Hotels, Transport and Communication
4. Financing, Insurance, Real Estate and Business services
The decreasing order of the contribution of these sectors to the Gross Domestic Product (GDP) at factor cost at constant prices (2000-01) is:

 
 
 
 

9. Consider the following statements: [2003]
1. In the last five years, Indian software exports have increased at a compound annual growth rate of about 60%
2. The software and service industry in India registered an overall growth of about 28% in rupee terms during the year 2001-2002.
Which of these statements is/are not correct?

 
 
 
 

10. India has the maximum volume of foreign trade with: [2002]

 
 
 
 

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