Previous year MCQs

Economy UPPSC 2015 GS-I
Question

Which amongst the following now decide the oil-prices in India?

Answer & Solution

Answer: (Detailed Solution Below)

Option D: Oil Companies

Detailed Solution:

The correct answer is “Oil Companies”.
While the government does play a role in regulating the oil sector and setting policies, the actual pricing of oil products in India is largely determined by the oil companies themselves.

Similar Questions:

Direct Tax Code in India is related to which of the following?
  1. A) Sales Tax
  2. B) Income Tax
  3. C) Excise Tax
  4. D) Service Tax
Match the following:
List-I List-II

A. W.T.O. - 1. To provide finance to correct equilibrium in balance of payments.
B. I.M.F. - 2. Generally to forbid the use of quantitative restrictions in trade.
C. SAARC - 3. Sanction of soft loans.
D. I.D.A. - 4. To promotes co-operation among South Asian Countries.

Codes: A B C D
  1. A) 1 2 3 4
  2. B) 2 3 4 1
  3. C) 2 1 4 3
  4. D) 3 2 4 1
The Human Development Index (HDI) was first developed by which of the following?
  1. A) UNDP
  2. B) IMF
  3. C) UNICEF
  4. D) UNCTAD
Which one of the following writs can be issued by a High Court to secure liberty of the individual?
  1. A) Mandamus
  2. B) Quo-warranto
  3. C) Habeas Corpus
  4. D) Prohibition
Mixed economy means:
  1. A) Where agriculture and industry are given equal importance
  2. B) Where public sector exists along with heavy doses of swadeshi in national economy.
  3. C) Where globalization is transferred with heavy dose of swadeshi in national economy.
  4. D) Mixed Economy means where public sector exists along with the private sector in national economy.
In which one of the following cities, country's first Indian Institute of Skills was established?
  1. A) Ahmedabad
  2. B) Mumbai
  3. C) Rohtak
  4. D) Kanpur
As per Census-2011, the literacy rate of Uttar Pradesh is
  1. A) 74.01%
  2. B) 72.60%
  3. C) 69.72%
  4. D) 70.60%
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
Anushakti Vidyut Nigam Limited is a joint venture of the Nuclear Power Corporation of India and
  1. A) NMDC
  2. B) NHPC
  3. C) BHEL
  4. D) NTPC
Which of the following is not correctly matched?
Dams - Rivers
  1. A) Grand Coulee – Columbia
  2. B) Hoover – Tennessee
  3. C) Nurek – Vakhsh
  4. D) Cahora (Cobbora) Bassa – Zambezi
Which one of the following is not included in the "National Food Security Missions"?
  1. A) Oil seeds
  2. B) Wheat
  3. C) Rice
  4. D) Pulses
A company declares dividend on:
  1. A) Issued Capital
  2. B) Authorised Capital
  3. C) Subscribed Capital
  4. D) Total Employed Capital