Previous year MCQs

Economy UPPSC 1999 GS-I
Question

Since the economic reforms were launched in India, which one of the following statements is true for Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio (CRR) of the commercial banks?

Answer & Solution

Answer: (Detailed Solution Below)

Option D: Both SLR and CRR have been reduced

Detailed Solution:

The correct answer is “ Both SLR and CRR have been reduced”.
Since the economic reforms were launched in India, there has been a general trend of reducing both Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio (CRR).

Similar Questions:

At present the share of agriculture in the Gross Domestic Product of India is in the range of:
  1. A) 10-15 per cent
  2. B) 16-20 per cent
  3. C) 21-25 per cent
  4. D) 26-30 per cent
If A is the brother of B and K, D is the mother of b and E is the father of A, which of the following statements is definitely false?
  1. A) B is brother of K
  2. B) A is the father of K
  3. C) D is the wife of E
  4. D) A is the son of E
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
Operation Desert Fox is the name of:
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  2. B) A satellite launched by NASA to collect information regarding magnetic force of sun
  3. C) Air strikes launched by US/UK on Baghdad during December, 98
  4. D) An operation launched by USA commando unit against LTTE in Ceylon
Among the following sectors, which contributes most to the savings, in India:
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  2. B) Export sector
  3. C) Household sector
  4. D) Private corporate sector
Which one of the following is not part of the Indian capital market:
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  2. B) ICICI
  3. C) Money market mutual funds
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Which among the following taxes is not shared by the Central Government with UP Government under the Finance Commission award?
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Consider the following statements:

Assertion (A): The Delhi Govt is going to ban burning of leaves. This was announced when the Government declared certain areas as ‘traffic free zones’.
Reason (R): Burning of leaves contributes to more pollution than that caused by vehicular exhausts in Delhi.

Select the correct answer from the code given below:
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  2. B) Both A and R are true but R is not the correct explanation of A
  3. C) A is true but R is false
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List-I - List-II
(Economist/Author) - (Book)

A. Myrdal - 1. Economic Theory and Under-developed Regions
B. Hirschman - 2. The Strategy of Economic Development
C. Kaldor - 3. Strategic Factors in Economic Development
D. Adam Smith - 4. The Wealth of Nations

Codes:
A B C D
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  2. B) 2 3 1 4
  3. C) 3 2 1 4
  4. D) 2 1 3 4
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  3. C) Bhopal
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