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UPSC question paper – 2016-2020 – Poverty, Planning, Finance, and Economic/Social Development

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PREVIOUS YEAR QUESTION PAPERS

UPSC previous year question paper of subject Poverty, Planning, Finance, and Economic/Social Development from the year 2016 to 2020 with answers

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Results

#1. In India, under cyber insurance for individuals, which of the following benefits are generally covered, in addition to payment for the loss of funds and other benefits ? [2020] 1. Cost of restoration of the computer system in case of malware disrupting access to one’s computer 2. Cost of a new computer if some miscreant wilfully damages it, if proved so 3. Cost of hiring a specialized consultant to minimize the loss in case of cyber extortion 4. Cost of defence in the Court of Law if any third party files a suit Select the correct answer using the code given below :

#2. With reference to the Indian economy after the 1991 economic liberalization, consider the following statements : [2020] 1. Worker productivity per worker (at 2004-05 prices) increased in urban areas while it decreased in rural areas. 2. The percentage share of rural areas in the workforce steadily increased. 3. In rural areas, the growth in the non-farm economy increased. 4. The growth rate in rural employment decreased. Which of the statements given above is/are correct ?

#3. Consider the following statements [2020] 1. The weightage of food in Consumer Price Index (CPI) is higher than that in Wholesale Price Index (WPI). 2. The WPI does not capture changes in the prices of services, which CPI does. 3. Reserve Bank of India has now adopted WPI as its key measure of inflation and to decide on changing the key policy rates. Which of the statements given- above is/are correct ?

#4. Under the Kisan Credit Card scheme, short-term credit support is given to farmers for which of the following purposes ? [2020] 1. Working capital for maintenance of farm assets 2. Purchase of combine harvesters, tractors and mini trucks 3. Consumption requirements of farm households 4. Post-harvest expenses 5. Construction of family house and setting up of village cold storage facility Select the correct answer using the code given below :

#5. Along with the Budget, the Finance Minister also places other documents before the Parliament which include ‘The Macro Economic Framework Statement’. The aforesaid document is presented because this is mandated by (2020)

#6. If you withdraw Rs. 1,00,000 in cash from your Demand Deposit Account at your bank, the immediate effect on aggregate money supply in the economy will be [2020]

#7. . If another global financial crisis happens in the near future, which of the following actions/policies are most likely to give some immunity to India ? [2020] 1. Not depending on short-term foreign borrowings 2. Opening up to more foreign banks 3. Maintaining full capital account convertibility Select the correct answer using the code given below :

#8. The money multiplier in an economy increases with which one of the following? (2019)

#9. Which one of the following is not the most likely measure the Government/RBI takes to stop the slide of Indian rupee? (2019)

#10. Considering the following statements: [2019] 1. Purchasing Power Parity (PPP) exchange rates are calculated by the prices of the same basket of goods and services in different countries. 2. In terms of PPP dollars, India is the sixth largest economy in the world. Which of the statements given above is/ are correct?

#11. Which of the following statements is/are correct regarding the Maternity Benefit (Amendment) Act, 2017? [2019] 1. Pregnant women are entitled for three months predelivery and three months post-delivery paid leave 2. Enterprises with creches must allow the mother minimum six creche visits daily 3. Women with two children get reduced entitlements. Select the correct answer using the code given below

#12. With reference to India’s Five Year Plans, which of the following statements is/are correct? [2019] 1. From the Second Five-Year Plan, there was a determined thrust towards substitution of basic and capital good industries. 2. The Fourth Five-Year Plan adopted the objective of correcting the earlier trend of increased concentration of wealth and economic power. 3. In the Fifth Five-Year Plan, for the first time, the financial sector was included as an integral part of the Plan. Select the correct answer using the code given below

#13. In a given year in India, official poverty lines are higher in some states than in other because (2019)

#14. Atal innovation mission is set up under the (2019)

#15. Increase in absolute and per capita real GNP do not connote a higher level of economic development, if (2018)

#16. . If a commodity is provided free to the public by the Government, then: (2018)

#17. Consider the following statements: [2018] 1. The Reserve Bank of India manages and services Government of India Securities but not any State Government Securities. 2. Treasury bills are issued by the Government of India and there are no treasury bills issued by the State Governments. 3. Treasury bills offer are issued at a discount from the par value. Which of the statements given above is/are correct?

#18. What is the purpose of Vidyanjali Yojana'? [2017] 1. To enable the famous foreign educational institutions to open their campuses in India. 2. To increase the quality of education provided in government schools by taking help from the private sector and the community. 3. To encourage voluntary monetary contributions from private individuals and organizations so as to improve the infrastructure facilities for primary and secondary schools. Select the correct answer using the code given below:

#19. Which of the following are the objectives of 'National Nutrition Mission'? [2017] 1. To create awareness relating to malnutrition among pregnant women and lactating mothers. 2. To reduce the incidence of anemia among young children, adolescent girls and women. 3. To promote the consumption of millets, coarse cereals and unpolished rice. 4. To promote the consumption of poultry eggs. Select the correct answer using the code given below:

#20. With reference to 'National Investment and Infrastructure Fund', which of the following statements is/are correct? [2017] 1. It is an organ of NITI Aayog. 2. It has a corpus of ` 4, 00,000 crore at present. Select the correct answer using the code given below:

#21. What is the aim of the programme 'Unnat Bharat Abhiyan'? (2017)

#22. Consider the following statements: [2017] 1. Tax revenue as a per cent of GDP of India has steadily increased in the last decade. 2. Fiscal deficit as a per cent of GDP of India has steadily increased in the last decade. Which of the statements given above is/are correct?

#23. With reference to the 'Prohibition of Benami Property Transactions Act, 1988 (PBPT Act)', consider the following statements: [2017] 1. A property transaction is not treated as a benami transaction if the owner of the property is not aware of the transaction. 2. Properties held benami are liable for confiscation by the Government. 3. The Act provides for three authorities for investigations but does not provide for any appellate mechanism. Which of the statements given above is/are correct?

#24. What is/are the most likely advantages of implementing 'Goods and Services Tax (GST)'? [2017] 1. It will replace multiple taxes collected by multiple authorities and will thus create a single market in India. 2. It will drastically reduce the 'Current Account Deficit' of India and will enable it to increase its foreign exchange reserves. 3. It will enormously increase the growth and size of economy of India and will enable it to overtake China in the near future. Select the correct answer using the code given below:

#25. Who among the following can join the National Pension System (NPS)? (2017)

#26. What is the purpose of setting up of Small Finance Banks (SFBs) in India? [2017] 1. To supply credit to small business units 2. To supply credit to small and marginal farmers 3. To encourage young entrepreneurs to set up business particularly in rural areas. Select the correct answer using the code given below:

#27. Which of the following statements is/are correct regarding the Monetary Policy Committee (MPC)? [2017] 1. It decides the RBI's benchmark interest rates. 2. It is a 12-member body including the Governor of RBI and is reconstituted every year. 3. It functions under the chairmanship of the Union Finance Minister. Select the correct answer using the code given below:

#28. Which of the following is a most likely consequence of implementing the 'Unified Payments Interface (UPI)'? (2017)

#29. Consider the following statements: [2017] 1. National Payments Corporation of India (NPCI) helps in promoting the financial inclusion in the country. 2. NPCI has launched Rupay, a card payment scheme. Which of the statements given above is/are correct?

#30. Mission Indradhanush’ launched by the Government of India pertains to (2016)

#31. Regarding DigiLocker, sometimes seen in the news, which of the following statements is/are correct? [2016] 1. It is a digital locker system offered by the Government under Digital India Programme. 2. It allows you to access your e-documents irrespective of your physical location. Select the correct answer using the code given below.

#32. SWAYAM’, an initiative of the Government of India, aims at (2016)

#33. What is/are the purpose/purposes of ‘District Mineral Foundations’ in India? [2016] 1. Promoting mineral exploration activities in mineralrich districts 2. Protecting the interests of the persons affected by mining operations 3. Authorizing State Governments to issue licences for mineral exploration Select the correct answer using the code given below.

#34. Which one of the following is a purpose of ‘UDAY’, a scheme of the Government? (2016)

#35. Pradhan Mantri MUDRA Yojana is aimed at (2016)

#36. With reference to ‘Stand up India scheme’, which of the following statement is/are correct? [2016] 1. Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs. 2. It provides for refinance through SIDBI. Select the correct answer using the code given below

#37. Regarding ‘Atal Pension Yojana’, which of the following statements is/are correct? [2016] 1. It is a minimum guaranteed pension scheme mainly targeted at unorganized sector workers. 2. Only one member of a family can join the scheme. 3. Same amount of pension is guaranteed for the spouse for life after subscriber’s death. Select the correct answer using the code given below

#38. With reference to ‘Financial Stability and Development Council’, consider the following statements : [2016] 1. It is an organ of NITI Aayog. 2. It is headed by the Union Finance Minister. 3. It monitors macroprudential supervision of the economy. Which of the statements given above is/are correct?

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