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UPSC question paper – 2006 – 2010 –The Tertiary Sector in the Indian Economy

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#1. The International Development Association, a lending agency, is administered by the [2010]

#2. Consider the following statements: [2010] The functions of commercial banks in India include 1. Purchase and sale of shares and securities on behalf of customers 2. Acting as executors and trustees of wills Which of the statements given above is/are correct?

#3. With reference to India, consider the following: [2010] 1. Nationalization of Banks 2. Formation of Regional Rural Banks 3. Adoption of villages by Bank Branches Which of the above can be considered as steps taken to achieve the “financial inclusion” in India?

#4. With reference to the institution of Banking Ombudsman in, India, which one of the statements is not correct? [2010]

#5. In India, the interest rate on savings accounts in all the nationalized commercial banks is fixed by [2010]

#6. In the parlance of financial investments, the term ‘bear’ denotes [2010]

#7. With reference to the Non-banking Financial Companies (NBFCs) in India, consider the following statements: [2010] They cannot engage in the acquisition of securities issued by the government 2. They cannot accept demand deposits like Savings Account Which of the statement given above is/ are correct?

#8. Which of the following terms indicates a mechanism used by commercial banks for providing credit to the government? [2010]

#9. Which one of the following pairs is not correctly matched? [2009]

#10. The National Housing Bank was set up in India as a whollyowned subsidiary of which one of the following? [2007]

#11. Consider the following statements: [2007] 1. The repo rate is the rate at which other banks borrow from the Reserve Bank of India. 2. A value of 1 for Gini Coefficient in a country implies that there is perfectly equal income for everyone in its population. Which of the statements given above is/are correct?

#12. Consider the following statements: [2006] 1. Life Insurance Corporation of India is the oldest insurance company in India. 2. National Insurance Company Limited was nationalized in the year 1972 and made a subsidiary of General Insurance Corporation of India. 3. Headquarters of United Indian Insurance Company Limited are located at Chennai. Which of the statements given above are correct?

#13. Which one of the following Indian banks is not a nationalized bank? [2006]

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