Economy UPPSC 2003 GS-I
Question

Out of the following groups with which group India's import trade is highest:

Answer & Solution

Answer: (Detailed Solution Below)

Option A: OECD

Detailed Solution:

The correct answer is “OECD”.

Out of the following groups, India's import trade is highest with: A) OECD

Similar Questions:

Consider the following statements and select the correct answer from the code given below:

1. Presence of calcium sulphate makes water hard and unfit for use.
2. Diamond is harder than copper and iron.
3. The main component of air is oxygen.
4. Nitrogen is used in the preparation of vegetable ghee.

Code:
  1. 1 and 2
  2. 3 and 4
  3. 1 and 3
  4. 2 and 4
The largest sources of tax revenue to the Central Government of India are:
  1. Union excise duties and corporate tax
  2. Custom duty and corporate tax
  3. Union excise duty and custom duty
  4. Custom duty and income tax
"SENSEX" is the popular Index of Bombay Stock Exchange (BSE). It is measured on the basis of how many blue chip companies listed in BSE?
  1. 20
  2. 30
  3. 25
  4. 10
The Electoral College which elects the President of India comprises of:

I. Elected members of both the houses of Parliament.
II. Elected members of both the houses of state legislature.
III. Elected members of legislative assemblies of all the States.
IV. Elected members of the legislative assemblies of Delhi and Puducherry.

Select the correct answer from the code given below:
Code:
  1. I, II, III
  2. I, III
  3. I, II, IV
  4. I, III, IV
If interest payment is added to primary deficit, it is equivalent to:
  1. Budget deficit
  2. Fiscal deficit
  3. Deficit financing
  4. Revenue deficit
A country’s natural capital includes all of the following except:
  1. Forests
  2. Water
  3. Roads
  4. Minerals
The tax on import and export is known as
  1. Income Tax
  2. Trade Tax
  3. Custom Duty
  4. None of the above
Consider the following statements and select the correct answer from the code given below:

Assertion (A): The natural environment is clean
Reason(R): Human activities cause environ-mental pollution.

Code:
  1. Both A and R are correct arid R is the correct explanation of A
  2. Both A and R are correct but R is not the correct explanation of A
  3. A is correct but R is wrong
  4. A is correct but R is correct
Study the following statement with regard to Reserve Bank of India and select your answer from the code given below:

I. It is the apex bank.
II. It regulates the money supply.
III. It gives loan to the business houses.
IV. It supervises the operations of NABARD.

Code:
  1. I and II
  2. II and IV
  3. I, II and III
  4. I, II and IV
An increase in CRR by the Reserve Bank of India results in
  1. Decrease in debt of the government.
  2. Reduction in liquidity in the economy.
  3. Attracting more FDI in the country.
  4. More flow of credit to desired sectors.
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 :
  1. 1 and 4
  2. 3 and 4
  3. 2 and 3
  4. 1 and 2
For distribution of powers between the Union and the States, the Constitution of India introduces three lists. Which two of the following Articles govern the distribution of powers:
  1. Articles 4 and 5
  2. Articles 56 and 57
  3. Articles 141 and 142
  4. Articles 245 and 246