Question 1

Mahalanobis Plan Model adopted in India in mid fifties aimed at

Accepted Answer

The Second Five Year Plan (1956–61) was based on the Mahalanobis Plan Model prepared by PC Mahalanobis. The plan focused on rapid industrialization with special emphasis on basic and heavy industries to achieve high growth. Eliminating unemployment was an objective, but the primary aim was capital-intensive industrial development. [56-59TH BPSC PRELIMS EXAM, 2015]

Question 2

The controlling authority of government expenditure is

Accepted Answer

The Ministry of Finance is the controlling authority for government expenditure. It has five departments: Economic Affairs, Expenditure, Revenue, Financial Services, and Disinvestment. The Department of Expenditure monitors public financial management and state finances. [56-59TH BPSC PRELIMS EXAM, 2015]

Question 3

The Effective Revenue Deficit was introduced in the Union Budget of

Accepted Answer

Effective Revenue Deficit, introduced in Union Budget 2011-12, is the difference between revenue deficit and grants for creation of capital assets. This concept helps assess the portion of revenue deficit impacting investment in capital formation. [56-59TH BPSC PRELIMS EXAM, 2015]

Question 4

Interest Payment is an item of

Accepted Answer

Interest payments are part of revenue expenditure as they involve regular outflows for loans and do not create assets. Revenue expenditure covers government operational expenses, grants to states, and interest payments on borrowings. [56-59TH BPSC PRELIMS EXAM, 2015]

Question 5

India earns maximum foreign exchange by the export of

Accepted Answer

Among the given options, India earns maximum foreign exchange through textile exports. Textiles, including garments and fabrics, have been a major contributor to India's export revenue historically. [56-59TH BPSC PRELIMS EXAM, 2015]

Question 6

Foreign currency which has a tendency of quick migration is called

Accepted Answer

Hot currency or hot money refers to foreign funds that move quickly to countries offering higher returns. These funds seek short-term profits and can rapidly exit a country, affecting currency stability. Soft currency is easily available in the market, whereas hard currency is rare and stable. [56-59TH BPSC PRELIMS EXAM, 2015]

Question 7

Which of the following is not included in the National Food Security Mission?

Accepted Answer

The National Food Security Mission, launched in 2007, aims to increase production of rice, wheat, and pulses through area expansion and productivity enhancement. Oilseeds are not part of this centrally sponsored scheme. [56-59TH BPSC PRELIMS EXAM, 2015]

Question 8

Ad hoc Treasury Bill system of meeting Budget deficit in India was abolished on

Accepted Answer

The ad hoc treasury bill system, used for short-term government financing, was abolished on March 31, 1997. These bills were promissory notes ensuring repayment later, helping manage fiscal deficit temporarily. [56-59TH BPSC PRELIMS EXAM, 2015]

Question 9

R.N Malhotra Committee is associated with

Accepted Answer

The RN Malhotra Committee (1993), chaired by former RBI Governor RN Malhotra, focused on the insurance sector. It recommended commercialization and opening up the insurance sector to foreign capital. [56-59TH BPSC PRELIMS EXAM, 2015]

Question 10

Service Tax in India was introduced in the year

Accepted Answer

Service tax was introduced in India in 1994-95 at 5% on three services: telephone, general insurance, and stock brokers, to broaden the tax base and include service sector under taxation. [56-59TH BPSC PRELIMS EXAM, 2015]

56th-59th Prelims 2015

Mahalanobis Plan Model adopted in India in mid fifties aimed at

The controlling authority of government expenditure is

The Effective Revenue Deficit was introduced in the Union Budget of

Interest Payment is an item of

India earns maximum foreign exchange by the export of

Foreign currency which has a tendency of quick migration is called

Which of the following is not included in the National Food Security Mission?

Ad hoc Treasury Bill system of meeting Budget deficit in India was abolished on

R.N Malhotra Committee is associated with

Service Tax in India was introduced in the year

Convertibility of the rupee implies:

Consider the following important sources of tax revenue for the Central Government. Which is the correct descending order in terms of gross tax revenues? 1. Corporation Tax, 2. Taxes on Income other than Corporation Tax, 3. Customs, 4. Union Excise Duties

Prescribed investment limit for medium enterprises in the manufacturing sector as per the Micro, Small and Medium Enterprises Development Act, 2006 is

In which years was the trade balance favorable to India?

Chronological order of these trade agreements: ISLFTA, SAFTA, CECA, SAPTA

During which year was the annual average growth rate (at constant prices) of agriculture and allied sector negative?

Consider the following statements: 1. Bank rate is the rate of interest which RBI charges its clients on their short-term borrowings. 2. Repo rate is the rate of interest which RBI charges its clients on their long-term borrowing. Which is correct?

Financial Sector reforms in India consists of

Which of the following is not a component of Bharat Nirman?

Chronological order of schemes: Employment Assurance Scheme (EAS), Training Rural Youth for Self Employment (TRYSEM), Jawahar Rojgar Yojana (JRY), Rural-Landless Employment Guarantee Programme (RLEGP)

According to Planning Commission, the poverty line per capita per day is

Which of the Consumer Price Indices is/are compiled by the Central Statistical Organization?

What is the total production of oilseeds in India in 2013-14?