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Topics / Economy

Services Sector

Asked 11 times in UPSC Prelims · first asked 1996 · last asked 2019

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All 11 questions

Newest first — expand for options, answers, and explanations

Which of the following is issued by registered foreign portfolio investors to overseas investors who want to be part of the Indian stock market without registering themselves directly?

2019Economy
ACertificate of Deposit
BCommercial Paper
CPromissory Note
DParticipatory Note

Explanation

Participatory Notes (P-Notes) are issued by registered foreign portfolio investors to overseas investors who want to invest in the Indian stock market without directly registering themselves. This allows foreign investors to invest in India without the need to go through the process of registering with SEBI, obtaining a PAN card number, or opening a DEMAT account.

What is/are the facility/facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in branchless areas? 1. It enables the beneficiaries to draw their subsidies and social security benefits in their villages. 2. It enables the beneficiaries in the rural areas to make deposits and withdrawals. Select the correct answer using the code given below.

2014Economy
A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2

Explanation

In addition to providing banking services, the Business Correspondent (Bank Saathi) allows beneficiaries in branchless areas to receive government subsidies and social security benefits directly into their accounts. This enables them to withdraw the funds from the Bank Saathi in their village and also make deposits and withdrawals as needed.

Which one of the following pairs is not correctly matched?

2009Economy
AJapan : Nikkei
BSingapore : Shcomp
CUK : FTSE
DUSA : Nasdaq

Explanation

In the given options, the pair that is not correctly matched is Singapore with Shcomp. Shcomp is actually the composite index of the Shanghai Stock Exchange, while Singapore is more associated with indicators like SIMEX and the Straits Times.

Match List-I with List-II and select the correct answer: List-I (Distinguished person): A. B.V Rao B. C.K. Prahald C. Johan Kurien D. Kiran Karnik List-II (Area of Work): 1. Automobiles Manufacture 2. Fisheries Economy 3. Information Technology and Software 4. Poultry Farming 5. Management Science

2005Economy
AA-2; B-5; C-1; D-3
BA-4; B-3; C-2; D-5
CA-2; B-3; C-1; D-5
DA-4; B-5; C-2; D-3

Explanation

In this question, you were asked to match the distinguished individuals in List-I with their respective areas of work in List-II. The correct match is: B.V Rao with Poultry Farming, C.K. Prahalad with Management Science, Johan Kurien with Fisheries Economy, and Kiran Karnik with IT and Software. Therefore, the correct answer is option (d): A-4; B-5; C-2; D-3.

Consider the following statements: 1. Sensex is based on 50 of the most important stocks available on the Bombay stock Exchange (BSE). 2. For calculating the Sensex, all the stock are assigned proportional weightage. 3. New York Stock Exchange is the oldest stock exchange in the world. Which of the statements given above is/are correct?

2005Economy
A2 only
B1 and 3
C2 and 3
Dnone

Explanation

The BSE SENSEX is a stock index that includes 30 stocks and was established on January 1, 1986. The Amsterdam stock exchange, founded in 1602, is recognized as the world's oldest stock exchange.

Which one of the following was the largest IT software and services exporter in India during the year 2002-03?

2004Economy
ABirlasoft
BInfosys Technologies
CTata Consultancy Services
DWipro Technologies

Explanation

In 2002-03, Tata Consultancy Services was the leading IT software and services exporter in India. Infosys Technologies held the second position during that period.

In the last one decade, which one among the following sectors has attracted the highest Foreign Direct Investment inflows into India?

2004Economy
AChemicals other than fertilizers
BServices sector
CFood processing
DTelecommunication

Explanation

In the past ten years, which sector has seen the highest Foreign Direct Investment coming into India? (a) Chemicals other than fertilizers (b) Services sector (c) Food processing (d) Telecommunication Correct answer: (b) Explanation: Between 2006 and 2010, the services sector attracted 21% of the total FDI inflow into India.

The largest share of Foreign Direct Investment (1997-2000) went to:

2001Economy
Afood and food-product sector
Bengineering sector
Celectronics and electric equipment sector
Dservices sector

Explanation

Between 1997 and 2000, the engineering sector received the largest portion of Foreign Direct Investment. This sector garnered the most FDI inflows during this period, accounting for nearly 17% of the total cumulative inflows. Despite the government's focus on promoting investments in the manufacturing sector for economic growth, the services sector remained the top choice for foreign investors.

Assertion (A): Information technology is fast becoming a very important field of activity in India. Reason (R): Software is one of the major exports of the country and India has a very strong base in hardware.

1999Economy
ABoth A and R are true and R is the correct explanation of A
BBoth A and R are true but R is not a correct explanation of A
CA is true but R is false
DA is false but R is true

Explanation

In India, information technology is increasingly becoming a crucial sector due to its widespread application in various fields like medicine, research, and banking. While software is a significant export for the country, India does not have a strong foundation in hardware. This makes option (c) - A is true but R is false - the correct choice.

Since 1980, the share of the tertiary sector in the total GDP of India has:

1999Economy
Ashown an increasing trend
Bshown a decreasing trend
Cremained constant
Dbeen fluctuating

Explanation

The proportion of the tertiary sector in the overall GDP of India has been on the rise since 1980, indicating economic progress. This mirrors the pattern observed in developed Western nations during their growth.

Hawala transactions relate to payments:

1996Economy
Areceived in rupees against overseas currencies and vice versa without going through the official channels
Breceived for sale/transfer of shares without going through the established stock exchanges
Creceived as commission for services rendered to overseas investors/buyers/sellers in assisting them to get over the red tape and/or in getting preferential treatment
Dmade to political parties or to individuals for meeting election expenses

Explanation

Hawala transactions involve transferring payments between countries through unofficial channels, bypassing official processes. Money brokers act as intermediaries in these transactions, which do not require physical cash movement. This practice is also referred to as Hundi and is considered illegal.