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UPSC Economics Previous Year Questions 2012

 1. If National Water Mission is properly and completely implement, how will it impact the country?

1. Part of the water needs of urban areas will be met through the recycling of wastewater.
2. The water requirements of coastal cities with inadequate alternative sources of water will be met by adopting appropriate technologies that allow for the use of ocean water.
3. All the rivers of Himalayan origin will be linked to the rivers of peninsular India.
4. The expenses incurred by farmers for digging bore-wells and for installing motors and pump-sets to draw groundwater will be completely reimbursed by the Government.
Select the correct answer using the codes given below:
a) 1 only
b) 1 and 2 only
c) 3 and 4 only
d) 1, 2, 3 and 4




2.Which of the following can be said to be essentially the parts of ‘Inclusive Governance’?
1. Permitting the Non-Banking Financial Companies to do banking.
2. Establishing effective District Planning Committees in all the districts.
3. Increasing the government spending on public health.
4. Strengthening the Mid-day Meal Scheme. Select the correct answer using the codes given below:
a) 1 and 2 only
b) 3 and 4 only
c) 2, 3, and 4 only
d) 1, 2, 3 and 4



3. With reference to the National Rural Health Mission, which of the following are the jobs of ‘ASHA’, a trained community health worker?
1. Accompanying women to the health facility for antenatal care checkups.
2. Using pregnancy test kits for early detection of pregnancy.
3. Providing information on nutrition and immunization.
4. Conducting the delivery of the baby.
Select eh correct answer using the codes given below:
a) 1, 2, and 3 only
b) 2 and 4 only
c) 1 and 3 only
d) 1, 2, 3 and 4



4. How does the National Rural Livelihood Mission seek to improve the livelihood options of rural poor?
1. By setting up a large number of new manufacturing industries and agribusiness centers in rural areas.
2. By strengthening ‘self-help groups’ and providing skill development.
3. By supplying seeds, fertilizers, diesel pump-sets, and micro-irrigation equipment free of cost to farmers.
Select the correct answer using the codes given below:
a) 1 and 2 only
b) 2 only
c) 1 and 3 only
d) 1, 2 and 3



5. The Multi-dimensional Poverty Index developed by ‘Oxford Poverty and Human Development Initiative with UNDP support covers which of the following?
1. Deprivation of education, health, assets, and services at the household level.
2. Purchasing power parity at the national level.
3. Extent of the budget deficit and GDP growth rate at the national level.
Select the correct answer using the codes given below:
a) 1 only
b) 2 and 3 only
c) 1 and 3 only
d) 1, 2 and 3


6. What is/are the recent policy initiative(s) of the Government of India to promote the growing manufacturing sector?
1. Setting up of National Investment and Manufacturing Zones.
2. Providing the benefit of ‘single window clearance’.
3. Establishing the Technology Acquisition and Development Fund.
Select the correct answer using the codes given below:
a) 1 only
b) 2 and 3 only
c) 1 and 3 only
d) 1, 2 and 3


7. In India, in the overall index of Industrial Production, the Indices of Eight Core Industries have a combined weight of 37.90%. Which of the following is among those Eight Core Industries?
1. Cement
2. Fertilizers
3. Natural Gas
4. Refinery products
5. Textiles
Select the correct answer using the codes given below:
a) 1 and 5 only
b) 2, 3, and 4 only
c) 1, 2, 3 and 4 only
d) 1, 2, 3, 4 and 5



8. Consider the following:
1. Hotels and restaurants
2. Motor transport undertakings
3. Newspaper establishments
4. Private medical institutions
The employees of which of the above can have the ‘Social Security’ coverage under the Employees’ State Insurance Scheme?
a) 1, 2 and 3 only
b) 4 only
c) 1, 3 and 4 only
d) 1, 2, 3 and 4



9. How do District Rural Development Agencies (DRDAs) help in the reduction of rural poverty in India?
1. DRDAs act as Panchayati Raj Institutions in certain specified backward regions of the country.
2. DRDAs undertake an area-specific scientific studies of the causes of poverty and malnutrition and prepare detailed remedial measures.
3. DRDAs secure inter-sectoral and inter-departmental coordination and cooperation for effective implementation of anti-poverty programs.
4. DRDAs watch over and ensure effective utilization of the funds intended for anti-poverty programs.
Which of the statements given above is/are correct?
a) 1, 2 and 3 only
b) 3 and 4 only
c) 4 only
d) 1, 2, 3 and 4


10. The Reserve Bank of India (RBI) acts as a bankers’ bank. This would imply which of the following?
1. Other banks retain their deposits with the RBI.
2. The RBI lends funds to commercial banks in times of need.
3. The RBI advises commercial banks on monetary matters.
Select the correct answer using the codes given below:
a) 2 and 3 only
b) 1 and 2 only
c) 1 and 3 only
d) 1, 2 and 3



11. Under which of the following circumstances may ‘capital gains’ arise?
1. Under which of the following circumstances may ‘capital gains’ arise?
2. When there is a natural increase in the value of the property owned.
3. When you purchase a painting and there is a growth in its value due to an increase in its popularity. Select the correct answer using the codes given below:
a) 1 only
b) 2 and 3 only
c) 2 only
d) 1, 2 and 3



12. Which of the following measures would result in an increase in the money supply in the economy?
1. Purchase of government securities from the public by the Central Bank.
2. Deposit of currency in commercial banks by the public.
3. Borrowing by the government from the Central Bank.
4. Sale of government securities to the public by the Central Bank.
Select the correct answer using the codes given below:
a) 1 only
b) 2 and 4 only
c) 1 and 3
d) 2, 3 and 4



13. Which of the following would include Foreign Direct Investment in India?
1. Subsidiaries of foreign companies in India.
2. Majority foreign equity holding in Indian companies.
3. Companies exclusively financed by foreign companies.
4. Portfolio investment.
Select the correct answer using the codes given below:
a) 1, 2, 3, and 4
b) 2 and 4 only
c) 1 and 3 only
d) 1, 2, and 3 only


14. Consider the following statements:
The price of any currency in the international market is decided by the
1. World Bank
2. Demand for good/services provided by the country concerned
3. Stability of the government of the concerned country
4. Economic potential of the country in question. Which of the statements given above are correct?
a) 1, 2, 3, and 4
b) 2 and 3 only
c) 3 and 4 only
d) 1 and 4 only


15. The basic aid of the Lead Bank Scheme is that
a) Big banks should try to open offices in each district.
b) There should be stiff competition among the various nationalized banks.
c) Individual banks should adopt particular districts for intensive development.
d) All the banks should make intensive efforts to mobilize deposits.


16. Despite having large reserves of coal, why does India import millions of tonnes of coal?
1. It is the policy of India to save its own coal reserves for the future, and import it from other countries for the present use.
2. Most of the power plants in India are coal-based and they are not able to get sufficient supplies of coal from within the country.
3. Steel companies need a large quantity of coking coal which has to be imported.
Which of the statements given above is/are correct?
a) 1 only
b) 2 and 3 only
c) 1 and 3 only
d) 1, 2 and 3

Answer: 
1-B; 2-C; 3-A; 4-B; 5-A;
6-D; 7-C; 8-D; 9-B;10-B;
11-B; 12-C; 13-D; 14-B;
15-C; 16-B;

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