UPPCS Prelims 2019 · GS Paper I: With reference to the functions of Public Sector in India, which of the following…
With reference to the functions of Public Sector in India, which of the following statements is/are correct ?
- To provide public utility resources
- To build social and economic overhead capital
- To ensure balanced regional and sectoral growth
- To pursue egalitarian goals
Select the correct answer using the codes given below :
Answer (c) & explanation
Option (c) is right: all four statements describe functions of the public sector in India. It was meant to provide public utilities such as power and railways, to build social and economic overhead capital such as infrastructure, to ensure balanced regional and sectoral growth by setting up industry in backward areas, and to pursue egalitarian goals by reducing inequality of income and wealth. Options (a), (b) and (d) each leave out one function. Concept: the Industrial Policy Resolution of 1956 reserved key industries for the state, in line with the socialist pattern of society. After 1991, the public sector's role was reduced through disinvestment and dereservation. The New Public Sector Enterprise Policy of 2021 keeps a minimum presence only in strategic sectors.
All four functions are public sector roles under the 1956 policy.
Question as printed in UPPSC's official question booklet. Source: uppsc.up.nic.in
Learn the concept
Same theme in UPPCS Mains
- MAINS UPPCS Mains 2025 · GS Paper II · Section B · Q14Public Interest Litigation (PIL) is an important tool for promoting social justice and protecting the rights of marginalized communities. Analyse with suitable examples.
- MAINS UPPCS Mains 2024 · GS Paper VI · Section B · Q16Explain the problems and prospects for cultivation of flowers with reference to Uttar Pradesh.
- MAINS UPPCS Mains 2023 · GS Paper VI · Section A · Q9What are the major guidelines of Uttar Pradesh Government with reference to Plastic Waste Management ?
Same theme in UPSC Mains
- MAINS UPSC Mains 2026 · GS Paper IV · Q10Vikas is a government officer with over a decade of service in public administration. He has recently moved as the District Collector (DC) of Nainipura, a…
- MAINS UPSC Mains 2026 · GS Paper II · Q7Malnutrition in India is not merely a public health concern; it is also a challenge of social equity, human development and effective welfare governance. Discuss.
- MAINS UPSC Mains 2026 · GS Paper III · Q2Examine the view that financial inclusion is an integral part of social and economic inclusion in a country like India. Also throw light on the usefulness…
Related questions from other years
Which one of the following correctly represents the three key sub-indices of the Financial Inclusion Index (FI-Index) of the Reserve Bank of India (RBI) ?
Answer (c) & explanation
The sub-indices are Access, Usage and Quality (c). The RBI launched the FI-Index in August 2021. It covers banking, investments, insurance, postal services and pension, and gives one value between 0 and 100. Its three parameters are Access (35%), Usage (45%) and Quality (20%). Options (a), (b) and (d) list areas or ideas that are not its sub-indices; GDP contribution and affordability are not parameters.
Notice the logic: usage has the most weight, because an account that is never used does not mean real inclusion. Quality includes financial literacy and consumer protection. The index is published every July, and it has risen steadily, helped by Jan Dhan (2014) and UPI.
Answer as per the official UPSC answer key.
Which one of the following best describes the key objective of India's 'Open Network for Digital Commerce' (ONDC) initiative ?
Answer (c) & explanation
ONDC aims to break the dominance of large platforms (c). The Open Network for Digital Commerce, a DPIIT initiative (2021-22), is an open set of rules, like UPI for shopping. A buyer on one app can buy from a seller listed on another app. This interoperability lets small sellers reach buyers without joining a giant platform. Option (a) is wrong: it does not give the government control of transactions. Option (b) is wrong: private players can join; they are not replaced. Option (d) is wrong: it does not force UPI payments.
Notice ONDC's design: it is a not-for-profit company and part of India's Digital Public Infrastructure, along with Aadhaar, UPI and DigiLocker. It now covers food, groceries and mobility too.
options (a), (b) and (d) use strong words: "all", "replace", "mandate". A public digital platform usually opens a market; it does not take it over.
Answer as per the official UPSC answer key.
Which one of the following statements about Unified Payments Interface (UPI) and Central Bank Digital Currency (Digital Rupee) is not correct ?
Answer (d) & explanation
Statement (d) is not correct (d). Under UPI, money moves between bank accounts; the deposit is a liability of the bank. The Digital Rupee (e₹) is like a currency note in digital form, a direct liability of the RBI, not of users or banks. Option (a) is correct: UPI is a payment system, while the e-rupee is sovereign currency. Option (b) is correct: an e-rupee transfer moves value from wallet to wallet with no separate settlement. Option (c) is correct: e-rupee wallet transactions do not appear in bank statements.
Notice the legal base: the RBI Act was amended in 2022 to let the RBI issue a CBDC. Pilots began that year in wholesale (e₹-W) and retail (e₹-R) forms.
a "not correct" question. Look for the statement that puts the RBI's liability on someone else.
Answer as per the official UPSC answer key.
Which of the following statements about Real-World Assets (RWA) Tokenization are correct ?
- 1. Tokenization is the process of turning real world assets into digital tokens using blockchain technology.
- 2. Tokenization of real world assets offers 24x7 access, promoting financial inclusion.
- 3. Tokenization of real world assets will allow the access to high growth investment opportunities for individuals in India.
Select the answer using the code given below :
Answer (a) & explanation
All three statements are correct (a). Statement 1 is right: tokenization turns a real asset, like a building, bond or gold, into digital tokens recorded on a blockchain. Statement 2 is right: tokens can be traded 24x7, which widens financial inclusion. Statement 3 is right: small, fractional tokens let ordinary individuals get into high-growth investments that once needed crores. So options (b), (c) and (d) fail.
Notice the risks: unclear regulation, cyber threats and weak investor protection. In India, related steps include Fractional Ownership Platforms and REITs and InvITs, which already let small investors own slices of real estate and infrastructure. The RBI is also testing tokenized deposits and government securities in sandbox pilots.
Answer as per the official UPSC answer key.