DAY – 40: Insights Self Study Guide for UPSC Prelims + Mains – 2015

Which of the following sectors does the latest Economic Survey identify as sectors where public investment can be made efficiently to boost economic growth and to overcome the challenge of implementation capacity?

Consider the following statements:

1. All public investment in the railways is undertaken by both the central and state governments
2. The main casualty of underinvestment in the Indian Railways is capacity expansion

Which of the above statements is/are correct?

The Economic Survey – 2015 argues that there is a strong case for channeling resources to transport infrastructure in India. Which of the following major benefits are expected from this investment?

1. Improve the competitiveness of services industries
2. Reduce variety of costs
3. Boosting agglomeration economies
4. Linking markets

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Consider the following statements:

1. At present, the share of Indian railways in domestic freight traffic is 40 percent
2. As compared to road, railways consume 5 to 21 per cent more energy for passenger traffic in India

Which of the above statements is/are INCORRECT?

Which of the following attributes allow a sector to serve as an engine of structural transformation and thereby lead an economy to rapid, sustained and inclusive growth?

1. Faster productivity growth in lower productivity areas
2. High level of productivity
3. Contraction of the sector
4. Expansion of trade and exports
5. Alignment with comparative advantage

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With reference to Deindustrialization process, which of the following statements is/are correct?

1. When industry counts for less than services in the economy it is know as deindustrialization
2. It can be argued that India is undergoing non-industrialization rather than deindustrialization
3. Deindustrialization causes high inequality and unemployment in most cases

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If manufacturing sector in India wants to make use of a resource to have comparative advantage over other sectors, then this resource would be

Removal of which of the following provisions from the model APMC Act is said help in creating national common market in agricultural commodities?

1. Treating APMC as an arm of the state
2. Market fee, as the tax levied by the State

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Consider the following statements:

1. Carbon taxes are a cost-effective means of reducing greenhouse gas emissions
2. India doesn’t impose explicit carbon tax but has implicit carbon tax in the form of excise duties on petrol and diesel

Which of the above statements is/are correct?

Which of the following features were required to be met by a state to be categorized as Special Category State to receive preferential treatment in the form of central assistance and tax breaks?

1. Strategic location along borders with neighbouring countries
2. Economic and infrastructural backwardness
3. Hilly and difficult terrain
4. Non-viable nature of state finances.

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