Previous year MCQs

Economy UPPSC 2003 GS-I
Question

Which of the following price index numbers are used for calculation of Central Government employees wage compensation:

Answer & Solution

Answer: (Detailed Solution Below)

Option B: Consumer price index for industrial workers

Detailed Solution:

The correct answer is “Consumer price index for industrial workers”.
The Consumer Price Index for Industrial Workers (CPI-IW) is used for the calculation of Central Government employees' wage compensation.

Similar Questions:

The largest item of public expenditure in the Union Budget in recent years has been:
  1. A) Defence expenditure
  2. B) Interest payments
  3. C) Major subsidies
  4. D) Capital expenditure
Match List – I with List – II and select the correct answer from the code given below the lists.
List – I (Person) – List – II (Concerned with)

A. M. S. Swaminathan – 1. Social control on Banks
B. L. K. Jha – 2. Milk Production
C. Verghese Kurien – 3. Green Revolution
D. Morarji Desai – 4. Economic Administration Reforms

Code :
  1. A) 4 1 3 2
  2. B) 2 3 4 1
  3. C) 3 4 2 1
  4. D) 1 2 4 3
Who maintains the foreign exchange reserve in India?
  1. A) Reserve Bank of India
  2. B) State Bank of India
  3. C) Ministry of Finance, Government of India
  4. D) Export-Import Bank of India
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
Bhakti movement was started by:
  1. A) Alwar saints
  2. B) Sufi-saints
  3. C) Surdas
  4. D) Tulsidas
Which one of the following organisation is the main regulator of stock markets in India?
  1. A) Controller of Capital of Stocks
  2. B) Ministry of Finance
  3. C) Indian Company Law Board
  4. D) Security and Exchange Board of India
Assert ion (A): Economic growth in India has generally remained stagnant for the last ten years.
Reason (R): Food grains production has not increased for several years.

Choose the correct answer using the code given below:
Codes:
  1. A) Both A and R are true and R is the reason for A
  2. B) Both A and R are true but R is not the reason for A
  3. C) A is true but R is false
  4. D) A is false but R is true
Which of the following is/are the type/s of poverty?

(1) Absolute poverty
(2) Relative poverty
(3) Subjective poverty
(4) Functional poverty

Choose the correct answer using the code given below—
  1. A) Only 1 and 2
  2. B) Only 3 and 4
  3. C) Only 1, 2 and 3
  4. D) Only 1 and 4
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
World Social Protection Report is published by
  1. A) World Bank
  2. B) World Health Organization
  3. C) International Labour Organization
  4. D) World Economics Forum
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
Which of the following causes have been mainly responsible for the slow growth of real per capita income in India?

1. Rapid rise in population
2. Rapid rise in prices
3. Slow pace of progress in agricultural and industrial fields
4. Non-availability of foreign exchange

Find correct answer from the given below:
Codes:
  1. A) 1 and 2 only
  2. B) 1 and 3 only
  3. C) 1 and 4 only
  4. D) All of the above