1995 General Studies, all questions

UPSC Prelims 1995 · General Studies

Question 96: Economy and Social Development

The new Exim Policy announced in 1992 is for a period of

a3 years
b4 years
c7 years
d5 years

AnswerThe answer is (d).

The Export-Import Policy announced in March 1992 was for a five-year period, 1992-97, rather than the shorter spans of earlier policies. A longer period gave exporters and importers stability and made the policy a part of the economic reforms. Remember: 1992-97, five years.

Why each option is right or wrong
  • (a) Three years was the span of earlier policies such as 1985-88.
  • (b) Four years does not match the 1992-97 policy.
  • (c) Seven years does not match the 1992-97 policy.
  • (d) Right: five years, 1992-97.

Explanation: written by UPSC Grade, not by UPSC.

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Source: UPSC, Civil Services (Preliminary) Examination 1995, General Studies. UPSC's own paper isn't online; the words are from a published compilation. The paper on upsc.gov.in.