UPSC Prelims 2012
Indian Economy Previous Year Questions (PYQs)

With reference to consumers’ rights/ privileges under the provisions of law in India, which of the following statements is/are correct?

1. Consumers are empowered to take samples for food testing.
2. When a consumer files a complaint in any consumer forum, no fee is required to be paid.
3. In case of death of a consumer, his/her legal heir can file a complaint in the consumer forum on his / her behalf.

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The basic aim of the Lead Bank Scheme is that:

Which of the following would include Foreign Direct Investment in India?

1. Subsidiaries of companies in India
2. Majority of foreign equity holding in Indian companies
3. Companies exclusively financed by foreign companies
4. Portfolio investment

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Consider the following statements: The price of any currency in the international market is decided by the

1. World Bank
2. demand for goods/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?

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?

The balance of payments of a country is a systematic record of

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

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Under which of the following circumstances may ‘capital gains’ arise?

1. When there is an increase in the sales of a product
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 increase in its popularity

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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 government spending on public health
4. Strengthening the Mid-day Meal Scheme

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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 the commercial banks in times of need.
3. The RBI advises the commercial banks on monetary matters.

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What is/are the recent policy initiative(s) of Government of India to promote the growth of the 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

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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

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