National (Current Affairs – UPSC) (Part-I)

Total Questions: 50

31. India's external debt increased from US $ 91,158 million as at the end of March 2000 to US $ 100,225 million as at the end of March 2001 due to increase in: [2002]

(a) multilateral and bilateral debt
(b) rupee debt
(c) commercial borrowings
(d) borrowings from International Monetary Fund

Correct Answer: (a) multilateral and bilateral debt

Solution:India's external debt increased due to multilateral and bilateral debt at the end of March-2001.

32. Match List I (Name of the Lady) with List II (Achievement) and select the correct answer using the codes given below the lists: [2002]

List-I (Name of the Lady)	List-II (Achievement)
A. Chinna Pillai	1. Tinner of Neerja Bhanot Award
B. Kaveri Thakur	2. Recipient of Stree Shakti Puraskar
C. Mira Nair	3. Became the fastest swimmer in Asia at the age of 16 years
D. Yasoda Ekambaram	4. Recipient of the Golden Lion at Venice film festival

Codes:

	A	B	C	D
(a)	3	2	1	4
(b)	2	3	4	1
(c)	3	2	4	1
(d)	2	3	1	4

Correct Answer: (b)

Solution:Chinna Pillai is the recipient of Stree Ratna Award, Kaveri Thakur became the fastest swimmer in Asia at the age of 16 years, Mira Nair, an eminent film maker, got the Golden Lion Award at Venice film festival and Yasoda Ekambaram is the recipient of Nirja Bhanot Award.

33. In the year 2001, the Prime Minister announced a five year excise duty holiday for industries in: [2002]

(a) cyclone prone coastal Andhra Pradesh
(b) border states of North-East
(c) earthquake ravaged Kutch district
(d) recently formed states of Chhattisgarh and Jharkhand

Correct Answer: (c) earthquake ravaged Kutch district

Solution:In the year 2001, the Prime Minister Atal Bihari Vajpayee announced a five year excise duty holiday for industries in earthquake ravaged Kutch district in Gujrat.

34. In the year 2001, Germany approved a $ 32 million credit to India: [2002]

(a) to promote primary education in select states
(b) for Tehri dam project
(c) to assist in the development of nuclear power generation projects
(d) for oceanographic research

Correct Answer: (d) for oceanographic research

Solution:In the year 2001, Germany approved $ 32 million credit to India for oceanographic research.

35. Match List-I (Commission) with List-II (Matter of Enquiry) and select the correct answer using the codes. given below the lists: [2002]

List-I (Commission)	List-II (Matter of Enquiry)
A. Wadhwa Commission	1. The assassination of Rajiv Gandhi
B. Liberhan Commission	2. Killing of Graham Staines
C. Sri Krishna	3. Demolition of a religious structure at Ayodhya
D. Jain Commission	4. Riots in Mumbai in 1993

Codes:

	A	B	C	D
(a)	3	2	4	1
(b)	2	3	4	1
(c)	3	2	1	4
(d)	2	3	1	4

Correct Answer: (b)

Solution:Wadhwa Commission was appointed for killing of Graham Staines, Liberhan Commission for Demolition of Babri Masjid at Ayodhya, Sri Krishna Commission appointed for riots in Mumbai and Jain Commission for assassination of Rajiv Gandhi.

36. Consider the following statements: [2002]

The Draft Electricity Bill, 2001 seeks to replace:

1. Indian Electricity Act, 1910

2. Electricity (Supply) Act, 1948

3. Electricity Regulatory Commission Act, 1998

4. State Electricity Board

Which of these statements are correct?

(a) 1, 2 & 3
(b) 2, 3 & 4
(c) 1, 2 & 4
(d) 1, 3 & 4

Correct Answer: (a) 1, 2 & 3

Solution:The draft electricity bill 2001 will not replace State Electricity Board. Rest three statements are correct.

The target of the Electricity amendment bill 2021 is to bring down the Aggregate Technical and Commercial Losses (AT&C Losses) to 12-15 per cent at the all India level and bring down the gap between Average Cost of Supply (ACS) and Average Revenue Realised (ARR) to zero by 2024-25.

37. With reference to the Indian economy, consider the following activities: [2003]

1. Agriculture, Forestry and Fishing

2. Manufacturing

3. Trade, Hotels, Transport and Communication

4. Financing, Insurance, Real Estate and Business services

The decreasing order of the contribution of these sectors to the Gross Domestic Product (GDP) at factor cost at constant prices (2000-01) is:

(a) 3,1,2,4
(b) 1,3,4,2
(c) 3, 4, 1, 2
(d) 1, 3, 2, 4

Correct Answer: (a) 3,1,2,4

Solution:The decreasing order of the contribution of sectors is, (Trade, Hotels, Transport and Communication) > (Agriculture, forestry and fishing) > (Manufacturing)> (Financing, Insurance, Real Estate and Business services).

38. Assertion (A): During the year 2001-02, the value of India's total exports declined, registering a negative growth of 2.17%. [2003]

Reason (R): During the year 2001-02, negative growth in exports was witnessed in respect of iron and steel, coffee, textiles and marine products.

(a) Both A & R are individually true & R is the correct explanation of A.
(b) Both A & R are individually true but R is not the correct explanation of A.
(c) A is true but R is false.
(d) A is false but R is true.

Correct Answer: (d) A is false but R is true.

Solution:During the year 2001-02, there was a decline of 1.6% and not 2.17% in Indian exports.

39. Among the following commodities imported by India during the year 2000-01, which one was the highest in terms of rupee value? [2003]

(a) Edible oil
(b) Fertilizers
(c) Organic and inorganic chemicals
(d) Pearls, precious and semi-precious stones

Correct Answer: (d) Pearls, precious and semi-precious stones

Solution:Pearls, precious and semi-precious stones comprises approx 8.3% of the total imports.

40. Consider the following statements: [2003]

1. The maximum limit of shareholding of Indian promoters in private sector banks in India is 49 percent of the paid up capital.

2. Foreign Direct Investment up to 49 percent from all sources is permitted in private sector banks in India under the automatic route.

Which of these statements is/are correct?

(a) Only 1
(b) Only 2
(c) Both 1 & 3
(d) Neither 1 nor 2

Correct Answer: (d) Neither 1 nor 2

Solution:FDI in private sector banks is raised to 74% under the automatic route including investment by FIIs.

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