Economics and Social Development – Test 4

In the context of governance, consider the following:
1. Encouraging Foreign Direct Investment inflows.
2. Privatization of higher educational Institutions.
3. Down – sizing of bureaucracy.
4. Selling / offloading the shares of Public Sector Undertakings.
Which of the above can be used as measures to control the fiscal deficit in India? [UPSC 2010 (CS-P)]

In the context of independent India’s economy, which one of the following was the earliest event to take place? [UPSC 2009(CS-P)]

In the context of Indian economy, consider the following pairs:
Term Most appropriate description
1. Melt down — Fall in stock prices
2. Recession — Fall in growth rate
3. Slow down — Fall in GDP
Which of the pairs given above is / are correctly matched? [UPSC 2010 (CS-P)]

In the context of Indian economy, consider the following statements: 
1. The growth rate of GDP has steadily increased in the last five years 
2. The growth rate in per capita income has steadily increased in the last five years. Which of the statements given above is/are correct? [UPSC 2011 (CS-P)]

In the context of the affairs of which of the following is the phrase “Special Safeguard Mechanisms” mentioned in the news frequently? [UPSC 2010 (CS-P)]

In the parlance of financial investments, the term ‘bear’ denotes: [UPSC 2010 (CS-P)]

In the Union Budget 2011-12, a full exemption from the basic customs duty was extended to the bio-based asphalt (bioasphalt). What is the importance of this material?
1. Unlike traditional asphalt, bio-asphalt is not based on fossil fuels.
2. Bioasphalt can be made from non- renewable resources.
3. Bioasphalt can be made from organic waste materials.
4. It is eco-friendly to use bioasphalt for surfacing of the roads.
Which of the statements given above are correct? [UPSC 2011 (CS-P)]

India has experienced persistent and high food inflation in the recent past. What could be the reasons?
1. Due to a gradual switchover to the cultivation of commercial crops, the area under the cultivation of food grains has steadily decreased in the last five years by about 30%.
2. As a consequence of increasing incomes, the consumption patterns of the people have undergone a significant change.
3. The food supply chain has structural constraints.
Which of the statements given above are correct? [UPSC 2011 (CS-P)]

India is regarded as a country with “Demographic Dividend” This is due to  [UPSC 2011 (CS-P)]

India maintained its early cultural contacts and trade links with Southeast Asia across the Bay of Bengal. For this pre-eminence of early maritime history of Bay of Bengal, which of the following could be the most convincing explanation /explanations? [UPSC 2011 (CS-P)]