IAS Main Exam 2012 Model Questions (Economy) Set 1

Here you find IAS Main exam 2012 Model questions (Economy) Set 1. Answer all these questions and upgrade your preparation for the upcoming IAS Main 2012 examination and other competitive examinations. You should take care of the word limit while writing answers. Here you find IAS Main exam 2012 Model questions (Economy) Set 2. Answer all these questions and upgrade your preparation for the upcoming IAS Main 2012 examination and other competitive examinations. You should take care of the word limit while writing answers.

Moreover, we are providing you national news related to these questions which can help in writing answers. The related news should not be considered as the solution to these questions. You have to structure your answers on your own. The material in the news form provided to you can save your time by providing required information in a processed manner. You can find the relevant facts in the given news which will help you find the right perspective while producing answers.

1. Comment on any five of the following in about 150 words each:

a) Index of Industrial Production (IIP) registered Growth of 6.8 Per Cent in January 2012

b) Union Cabinet approved setting up of a Urban Poor Housing Credit Risk Guarantee Fund Trust

c) Fiscal Deficit in the April-February Period of 2011-12 stood at 4.93 lakh crore rupees

d) Asian Development Bank (ADB) projected Moderate Increase in India’s GDP to 7percent in 2012-13

e)  International Monetary Fund (IMF) lowered India’s Economic Growth Forecast to 6.9 percent in 2012

f) Union Government decided on 1 million Cap on External Commercial Borrowing for Aviation Sector

2. Answer any three of the following in about 150 words each:

a) Critically discuss the state of Aviation industry in India. Enlist the reasons which are responsible for the heavy losses incurred by Air India.

b) The Union Finance Ministry approved 49 percent foreign direct investment in insurance and pension sector. Enlist the factors responsible for this decision.

c) India registered Highest Ever Trade Deficit of 184.9 billion dollars in 2011-12. What do you understand by Trade Deficit? Enlist the reasons behind the deficit.

d) Standard & Poor's cut India’s Credit Rating Outlook to Negative.  What does it mean? Explain.  Does this kind of rating have any effect on Indian economy?

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