INSIGHT UPSC QUIZ

With reference to pre-liberalisation era, which of the following factors were responsible for underdevelopment and stagnation of the Indian economy?

1. Legacy of exploitative nature of British colonial rule in India.

2. Low agricultural productivity and corresponding under employment. 

3. Complete absence of capital goods industry. 

Select the correct answer using the code given below:

In context of Indian Economy, New Economic Policy (NEP) announced in 1991 by the central government consisted of wide-range of economic reforms which included:

1. Removal of trade restrictions.

2. Promoting overall competitiveness by removing rigidities in various central ministries.

3. Bringing inflation under control.

4. Increasing the output of goods and services.

Which of the statement(s) given above is/are correct with reference to New Economic Policy?

In 1991, Indian government introduced a new set of policy measures which changed the direction of our economy. Which among the following were immediate reasons for such a landmark decision?

Globalisation is the process of rapid integration or interconnection between countries. Which of the following factors enable/influence the process of globalisation?

1. Increasing foreign trade.

2. Improvement in technology. 

3. Reduction in trade barriers. 

4. Need for skilled persons.

Select the correct answer using the code given below:

 The Budget documents presented to the Parliament, besides the Finance Minister’s Budget Speech, include:

1. Expenditure Budget.

2. Receipt Budget.

3. Expenditure Profile.

4. Output Outcome Monitoring Framework.

Select the correct answer using the code given below.

The GDP of a country cannot be taken as an index of the welfare of the people of that country because:

1. The rise in GDP may be concentrated in the hands of very few individuals or firms.

2. Many activities in an economy are not evaluated in monetary terms.

3. It does not give information about the size of the economy.

4. Externalities do not have any market in which they can be bought and sold.

Which of the statements given above are correct?

Which of the following should be the focus areas in order to bring about comprehensive rural development in India?

1. Undertaking land Reforms.

2. Building key Infrastructure.

3. Introducing measures for alleviation of poverty.

4. Preventing rural to urban migration.

Select the correct answer using the code given below:

Arrange the following sources of earning of Union Government of India in decreasing order:

1. Custom duties.

2. Non-Tax Revenue.

3. Non-Debt Capital Receipts.

4. Union Excise Duties.

Select the correct answer using the code given below.

 With reference to Indian economy, which among the following were the measures undertaken by Indian Government to bring about revolution in agriculture?

With reference to pre-liberalisation era, which of the following factors were responsible for underdevelopment and stagnation of the Indian economy?