Previous year MCQs

Economy UPPSC 2006 GS-I
Question

Which one of the following is not an objective of fiscal policy of Indian Government?

Answer & Solution

Answer: (Detailed Solution Below)

Option C: Regulation of inter-state Trade

Detailed Solution:

The correct answer is “Regulation of inter-state Trade ”.
Fiscal policy primarily focuses on government revenue and expenditure to influence the economy, aiming for objectives like full employment, price stability, and equitable distribution of wealth and income.

Regulation of inter-state trade is typically a function of trade policy and falls under the purview of other governmental mechanisms and regulations rather than fiscal policy.

Similar Questions:

Consider the following statements:

1. The First ever East Asia Summit was held in Singapore in December, 2005.
2. The Summit was attended by 16 countries from the East Asian region including India.

Which of the above statement (s) is/are correct?
  1. A) 1 only
  2. B) 2 only
  3. C) Both 1 and 2
  4. D) Neither 1 nor 2
The specific requirements of the 'start-ups' can be fulfilled through:
  1. A) Angel Investors
  2. B) Venture capital
  3. C) Crowdfunding
  4. D) All the above
Who has written the book "From Dependence to Self Reliance"?
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  2. B) C. Rangrajan
  3. C) Raghuram Rajan
  4. D) Bimal Jalan
A group formed by India, Brazil, China and other developing countries for future negotiations at WTO is known as:
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  2. B) G-55
  3. C) G-22
  4. D) G-11
Who among the following Pakistani National was awarded the "Bharat Ratna" by the Indian Government?
  1. A) LiaqatAli Khan
  2. B) M.A. Jinnah
  3. C) Khan Abdul Ghaffar Khan
  4. D) Muhammad Iqbal
The largest share of Gross Domestic Product (GDP) in India comes from
  1. A) agriculture and allied sectors
  2. B) manufacturing. Construction, electricity and gas
  3. C) service sector
  4. D) defence and Public administration
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  1. A) 10
  2. B) 16
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In India, national income is estimated by
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  3. C) Indian Statistical Institute
  4. D) National Sample Survey Organisation
Given below are two statements one is labelled as Assertion (A) and other as Reason (R) :

Assertion (A) : The government faces a tough time tackling the bottleneck inflation.
Reason (R) : The situation is due to deficiencies existing in the economy such as supply bottleneck and inefficient distribution.

Select the correct answer from the codes given below.
Codes :
  1. A) Both (A) and (R) are true and (R) is correct explanation of (A)
  2. B) Both (A) and (R) are true, but (R) is not correct explanation of (A)
  3. C) (A) is true, but (R) is false
  4. D) (A) is false, but (R) is true
Consider the following statements:

1) According to a survey conducted by Uttar Pradesh Planning Department recently. Lucknow has been found to be the most development.
2) As per recent study conducted in 20 states by the "Centre for Media Studies", corruption in 2005 in India is less than what it was in 2002.
3) As per targets set for Bharat Nirman Yojna, houses to be constructed for the rural poor would not even meet 50% of the shortage of rural houses.

Select the correct answer from the code given below:
Code:
  1. A) l and 2 only
  2. B) 2 and 3 only
  3. C) 1 and 3 only
  4. D) all the three
Out of the following groups with which group India's import trade is highest:
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  3. C) Eastern Europe
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Consider the following statements about farm subsidies in India.

1. The input subsidies in India, such as on fertilizers fall under indirect farm subsidies.
2. Reduction in power and irrigation bills offered to farmers fall under direct farm subsidies.
3. The agricultural provisions of the World Trade Organization (WTO) though allow direct farm subsidies, prohibit indirect subsidies.
4. All subsidies provided by the governments in India fall under the indirect subsidies.

Select the correct statements using the code given below.
Code :
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  2. B) 3 and 4
  3. C) 2 and 3
  4. D) 1 and 2