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UPSC CSE Indian Economy — practice questions — page 6

Explore 387 free Indian Economy questions in UPSC CSE Economics. Open each question or exercise to read its content, reference answers and available explanation.

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Indian Economy questions and exercises with answers

Showing questions 151–180 of 387.

Which company became leader in India's small car market by spotting the need early?Read the answer and worked solution →In which year was the Companies Act cited among India's business laws passed?Read the answer and worked solution →The Industries (Development and Regulation) Act was passed in:Read the answer and worked solution →The Consumer Protection Act cited in the legal environment dates from:Read the answer and worked solution →At independence, about what share of India's working population was in agriculture?Read the answer and worked solution →The New Industrial Policy that opened the economy was announced in:Read the answer and worked solution →The 1991 policy reduced the number of industries under compulsory licensing to:Read the answer and worked solution →After 1991 the public sector's role was limited to how many industries of strategic importance?Read the answer and worked solution →Which board was set up in 1991 to promote and channel foreign investment?Read the answer and worked solution →Freeing industry from the licensing system is called:Read the answer and worked solution →Drastically reducing the role of the public sector is called:Read the answer and worked solution →In 1990-91 the fiscal deficit reached what share of GDP?Read the answer and worked solution →GNP growth in the 1991 crisis fell to 1.4 per cent from a peak of:Read the answer and worked solution →During the 1991 crisis the rupee depreciated against the US dollar by:Read the answer and worked solution →India's creditworthiness rating in the crisis fell from AAA to:Read the answer and worked solution →In May 1991 the RBI pledged 47 tonnes of gold with the Bank of England to raise:Read the answer and worked solution →Loss-making and sick public enterprises were referred after 1991 to the:Read the answer and worked solution →Dilution of government ownership beyond what share transfers a PSU to private hands?Read the answer and worked solution →The 1991 reforms abolished licensing for all industries except how many of high strategic importance?Read the answer and worked solution →The foreign equity limit was raised in 1991 from 40 per cent to:Read the answer and worked solution →Demonetisation of the 500 and 1,000 rupee notes was announced on:Read the answer and worked solution →Demonetisation made what share of the money in circulation invalid?Read the answer and worked solution →Catch the 1991 reformsRead the answer and worked solution →Pop the LPG wordsRead the answer and worked solution →Run the reform numbersRead the answer and worked solution →Slice the business lawsRead the answer and worked solution →Crisis or reformRead the answer and worked solution →Sort the LPG reformsRead the answer and worked solution →Type the numberRead the answer and worked solution →Economic reforms bingoRead the answer and worked solution →

Worked practice questions

Which company became leader in India's small car market by spotting the need early?

  1. Maruti Udyog
  2. Tata Motors
  3. Hindustan Motors
  4. Premier Auto
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Correct answer: A. Maruti Udyog

1. Rising petrol prices and a large middle class created the need. 2. Maruti Udyog moved first. 3. This is the first mover advantage. _Source: syllabus Business Studies, Chapter 3, Business Environment._

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In which year was the Companies Act cited among India's business laws passed?

  1. 2002
  2. 2013
  3. 1956
  4. 1991
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Correct answer: B. 2013

1. The legal environment includes many enactments. 2. The Companies Act dates from 2013. 3. The Competition Act is from 2002. _Source: syllabus Business Studies, Chapter 3, Business Environment._

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The Industries (Development and Regulation) Act was passed in:

  1. 1951
  2. 1947
  3. 1956
  4. 1991
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Correct answer: A. 1951

1. It set up the licensing framework. 2. The Act dates from 1951. 3. Licensing was largely abolished in 1991. _Source: syllabus Business Studies, Chapter 3, Business Environment._

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