Economics and Social Development – Test 3 2

Fiscal Policy is related to [UPSC 2008]

Foreign exchange rate means the rate at which the currency of one country can be traded for [UPSC 2008]

In India, during the last decade the total cultivated land for which one of the following crops has remained more or less stagnant? [UPSC 2010 (CS-P)]

In India, the interest rate on savings account in all the nationalized commercial banks is fixed by [UPSC 2010 (CS-P)]

In India, the tax proceeds of which one of the following as a percentage of gross tax revenue has significantly declined in the last five years? [UPSC 2010 (CS-P)]

In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities?  [UPSC 2011 (CS-P)]

In India, which of the following is regulated by the Forward Markets Commission? [UPSC 2010 (CS-P)]

In order to comply with TRIPS Agreement, India enacted the Geographical Indications of
Goods (Registration & Protection) Act, 1999. The difference / differences between a “Trade
Mark” and a Geographical Indication is / are :
1. A Trade Mark is an individual or a company’s right whereas a Geographical Indications is a community’s right.
2. A Trade Mark can be licensed whereas a Geographical Indication can not be licensed.
3. A Trade Mark is assigned to the manufactured goods whereas the Geographical Indications is assigned to the agricultural goods / products and handicrafts only.
Which of the statements given above is/are correct? [UPSC 2010 (CS-P)]

In the context of bilateral trade negotiations between India and European Union, what is the difference between European Commission and European Council?
1. European Commission represents the EU in trade negotiations whereas European Council participates in the legislation of matters pertaining to economic policies of the European Union.
2. European Commission comprises the Heads of State or government of member countries whereas the European Council comprises of the persons nominated by European Parliament.
Which of the statements given above is/are correct? [UPSC 2010 (CS-P)]

In the context of global oil prices, “Brent crude oil” is frequently referred to in the news. What does this term imply? [UPSC 2011 (CS-P)]
1. It is a major classification of crude oil
2. Its is sourced from North Sea.
3. It does not contain sulphur.
Which of the statements given above is/are correct?