Acme Ai
A
अ
GS Paper IUPSC Prelims 2004
Miscellaneous
Question No. 416Interactive Test Mode
00:00
+2-0.66

Q416. Consider the following Assertion (A): For the first time, India had no trade deficit in the year 2002-03. Reason (R): For the first time, India’s exports crossed worth $ 50 billion in the year 2002-03. Which of the following is correct with respect to the above statements?

Consider the following Assertion (A): For the first time, India had no trade deficit in the year 2002-03. Reason (R): For the first time, India’s exports crossed worth $ 50 billion in the year 2002-03. Which of the following is correct with respect to the above statements?

Select the correct option below (or cross out options to eliminate)
PrevNext Question

Official Answer Key & Detailed Solution

3D PYQ Realm

Ready to check the official UPSC Answer Key?

Click any option above to test yourself under exam conditions, or reveal the explanation directly.

Official UPSC Answer KeyUPSC Prelims 2004 • General Knowledge (1995-2010)

Correct Answer: Option (D) — A is false but R is true

Concept & Option Breakdown

Standard Reference Verified

Assertion (A) is false: India had a merchandise trade deficit in 2002-03 of about $7.6 billion (merchandise exports were ~$52.7 billion while imports were ~$60.3 billion). Reason (R) is true: India's merchandise exports crossed the benchmark figure of $50 billion for the first time in the fiscal year 2002-03.

Reviewed by Avinash Sir & Acme AI Research Team

Practice Full-Length & Sectional Prelims Mocks on this Interface

50 simulated tests in the APT Prelims Test Series (₹1,493) or 1-on-1 Mentorship with Avinash Sir.

1-on-1 MentorshipOpen Test Platform

Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2004 (Q416)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicGeneral Knowledge (1995-2010) → Miscellaneous
Official Answer KeyOption (D) — A is false but R is true

Related & Repeated Prelims PYQs (19)

Questions from other UPSC Prelims years testing the same or closely linked concept.

View Cluster in 3D Graph
2003 • Q42890% Match

Consider the following: Assertion (A) : During the year 2001-02, the value of India’s total exports declined, registering a negative growth of 2.17 %. Reason (R

General Knowledge (1995-2010) • MiscellaneousSolve
2000 • Q28787% Match

Assertion (A) : The rate of growth of India’s exports has shown an appreciable increase after 1991. Reason (R) : The Govt. of India has resorted to devaluation.

Indian Economy • Banking & Financial SystemSolve
2003 • Q44385% Match

Consider the following statements: 1. India’s Import of crude and petroleum products during the year 2001-02 accounted for about 27% of India’s total imports. 2

General Knowledge (1995-2010) • MiscellaneousSolve
2001 • Q885% Match

Assertion (A): India’s software exports increased at an average growth rate of 50% since 1995-96. Reason (R) : Indian software companies were cost-effective and

Indian Economy • Indian Economic Planning & GrowthSolve
1999 • Q29185% Match

Assertion (A) : Devaluation of a currency may promote export. Reason (R): Price of the country’s products in the international market may fall due to devaluatio

Indian Economy • Indian Economic Planning & GrowthSolve
2006 • Q40084% Match

Consider the following statements: 1. In India, during the financial year 2004-2005 an increase of below 10% over the value of exports (in rupee terms) in the f

General Knowledge (1995-2010) • MiscellaneousSolve
2001 • Q28484% Match

Assertion (A) : Ceiling on foreign exchange for a host of current account transaction heads was lowered in the year 2000. Reason (R) : There was a fall in forei

Indian Economy • Indian Economic Planning & GrowthSolve
2004 • Q5784% Match

Assertion (A) : India does not export natural rubber. Reason (R) : About 97% of India’s demand for natural rubber is met from domestic production.

Indian Economy • Agriculture & Rural EconomySolve
2003 • Q43884% Match

Assertion (A) : The new EXIM policy is liberal, market oriented and favours global trade. Reason (R) : GATT has played a significant role in the liberalisation

General Knowledge (1995-2010) • MiscellaneousSolve
1999 • Q29083% Match

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 cou

Indian Economy • Indian Economic Planning & GrowthSolve
1999 • Q9283% Match

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 coun

Science and Technology • Health & MedicineSolve
2006 • Q28283% Match

Assertion (A) : Balance of Payments represents a better Picture of a country’s economic transactions with the rest of the world than the Balance of Trade. Reaso

Indian Economy • Banking & Financial SystemSolve
1996 • Q22582% Match

Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Assertion (A) : An important policy instrument of economic l

Indian Economy • Fiscal Policy & Public FinanceSolve
1996 • Q1282% Match

Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R): Assertion (A) : Though India’s national income has gone up s

Indian Economy • Indian Economic Planning & GrowthSolve
2003 • Q43981% Match

Consider the following statements: 1. In the last five years, Indian software exports have increased at a compound annual growth rate of about 60% 2. The softwa

General Knowledge (1995-2010) • MiscellaneousSolve
2003 • Q15881% Match

Assertion (A) : Eastern coast of India produces more rice than the western coast. Reason (R) : Eastern coast receives more rainfall than the western coast.

Geography • Physical GeographySolve
2005 • Q41081% Match

Consider the following statements: 1. During the year 2004, India’s foreign exchange reserves did not exceed the 125 billion U.S. Dollar mark. 2. The series of

General Knowledge (1995-2010) • MiscellaneousSolve
1999 • Q24781% Match

Assertion (A) : Fiscal deficit is greater than budgetary deficit. Reason (R) : Fiscal deficit is the borrowing from the Reserve Bank of India plus other liabili

Indian Economy • Fiscal Policy & Public FinanceSolve
2020 • Q25481% Match

With reference to the international trade of India at present, which of the following statements is/are correct? 1. India’s merchandise exports are less than it

Indian Economy • Indian Economic Planning & GrowthSolve

More PYQs from General Knowledge (1995-2010) (Miscellaneous)

Master the General Knowledge (1995-2010) syllabus cluster by practicing these related previous year questions.

View All General Knowledge (1995-2010) PYQs
2009 • Q29Miscellaneous

Who among the following is the founder of World Economic Forum?

General Knowledge (1995-2010)Practice
2009 • Q227Miscellaneous

Match List-I with List-II and select the correct answer using the code given below the lists: | List-I (Famous person) | List-II (Well-known for) | |

General Knowledge (1995-2010)Practice
2009 • Q228Miscellaneous

With reference to Stree Shakti Puraskar, for which one of the following is “Devi Ahilya Bai Holkar Award” given.

General Knowledge (1995-2010)Practice
2009 • Q229Miscellaneous

In which State is the Buddhist site Tabo Monastery located?

General Knowledge (1995-2010)Practice
2009 • Q230Miscellaneous

Consider the following pairs: | | Tradition | State | | :--- | :--- | :--- | | 1. | Gatka, a traditional martial art | Kerala | | 2. | Madhubani, a t

General Knowledge (1995-2010)Practice
2009 • Q231Miscellaneous

Among the following, who are the Agaria community?

General Knowledge (1995-2010)Practice
2009 • Q372Miscellaneous

Which one of the following Union Ministries implements the Cartagena Protocol on Biosafety?

General Knowledge (1995-2010)Practice
2009 • Q373Miscellaneous

With which one of the following has the B.K. Chaturvedi Committee dealt?

General Knowledge (1995-2010)Practice

Frequently Asked Questions — UPSC Prelims 2004 Q416

What is the official answer for UPSC Prelims 2004 GS Paper I Question 416 (General Knowledge (1995-2010))?

The official UPSC answer key for this 2004 General Knowledge (1995-2010) (Miscellaneous) question is Option (D): "A is false but R is true". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2004 question belong to?

This question belongs to GS Paper I under the subject "General Knowledge (1995-2010)" and micro-topic "Miscellaneous". You can explore all repeated questions from Miscellaneous in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Miscellaneous UPSC Prelims question using option elimination?

To solve Miscellaneous questions in UPSC Prelims, identify extreme modifiers, verify core NCERT conceptual definitions, and eliminate mutually contradictory statement pairs before locking your final option.

Beyond Previous Year Questions

Structured Prelims Practice & Mentorship

Pair previous year question analysis with full-length simulated mock tests and 1-on-1 faculty guidance.

APT 2027 • 50 Prelims Tests17% OFF

Acme Prelims Test Series (APT)

Built to eliminate 1/3rd negative marking losses and 50–50 option traps through structured simulation and NCERT-backed keys.

  • 50 High-Yield Tests: Subject Sectionals, Current Affairs, CSAT Paper II & Full-Length Simulators
  • 1/3rd Penalty & Trap Analytics: Identify whether marks are lost to over-attempting or conceptual gaps
  • Option-by-Option NCERT Keys: Detailed distractor analysis and elimination logic for every question
  • Custom PDF-to-Mock Generator: Convert your revision notes or current affairs PDFs into practice tests
Complete 50-Test Package
₹1,493₹1,799• Valid till Prelims 2027
Explore APT Test SeriesTry Free Mock
1-on-1 Personal MentorshipCapped at 10 Seats

1-on-1 UPSC Mentorship with Avinash Sir

Weekly 1-on-1 strategy reviews, daily study accountability, and personalized MCQ attempt audits with an experienced UPSC mentor.

  • Weekly 1-on-1 Sessions: Direct mentorship with Avinash Sir (Former Plutus IAS Mentor, UPSC & UPPCS Mains Written)
  • APT 50-Test Series Included: Full Prelims GS1 & CSAT test series bundled at no additional cost
  • Mock Attempt & Elimination Audit: Question-by-question review to calibrate your risk and attempt accuracy
  • Prelims & Integrated Tracks: Available as dedicated Prelims mentorship or end-to-end Prelims + Mains guidance
Prelims & Integrated Tracks
17% OFF• Includes APT 50-Test Series
Explore 1-on-1 MentorshipCompare Tracks
Previous QuestionConsider the following statements: 1. The Oil Pool Account of Government of India was dismantled with effect from 1-4-2002 2. Subsidies on PDS kerosene and domestic LPG are borne by Consolidated Fund of India 3. An expert committee headed by Dr. R. A. Mashelkar to formulate a national auto fuel policy recommended that Bharat Stage - II Emission Norms should be applied throughout the country by 1 April, 2004 Which of the statements given above are correct?
Next QuestionWhich one of the following is the correct decreasing sequence in terms of the value (in rupees) of the minerals produced in India in the year 2002-03?