CivilsIASPrep.comUPSC PYQs: Indian Economy
Review complete published questions grouped by subject: Indian Economy.
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Questions
- InvIT statements: interest distributions are tax-exempt while dividends taxable; InvITs are recognised borrowers under SARFAESI. Choose correctly.2023 · Prelims GS1 · Indian Economy · InvITs & Financial Markets
- Statement I: many central banks raised rates after the pandemic. Statement II: central banks use monetary policy to counter rising consumer prices. Choose the relation.2023 · Prelims GS1 · Indian Economy · Monetary Policy
- Which RBI activity is part of monetary sterilisation?2023 · Prelims GS1 · Indian Economy · Monetary Policy
- Among government bonds, call money, treasury bills and stocks, how many belong to capital markets?2023 · Prelims GS1 · Indian Economy · Financial Markets
- What best describes the “Small Farmer Large Field” approach?2023 · Prelims GS1 · Indian Economy · Agriculture & Farmer Collectives
- How many are correct about niger seed: MSP coverage, Kharif cultivation, and use of its oil for cooking by some tribal communities?2023 · Prelims GS1 · Indian Economy · Agriculture & MSP
- Among brand recognition, inventory, intellectual property and a client mailing list, how many are intangible investments?2023 · Prelims GS1 · Indian Economy · Intangible Assets
- For horizontal tax devolution, how many of these did the Fifteenth Finance Commission use besides population, area and income distance: demographic performance; forest/ecology; governance reforms; stable government; tax/fiscal effort?2023 · Prelims GS1 · Indian Economy · Finance Commission
- How many statements correctly describe Janani Suraksha Yojana: it is a State Health Department safe-motherhood intervention; reduces maternal/neonatal mortality among poor women; promotes institutional delivery; provides public facilities to sick infants up to one year?2023 · Prelims GS1 · Indian Economy · Health Schemes
- Under Anaemia Mukt Bharat, how many are correct: prophylactic calcium for target groups; delayed cord-clamping campaign; periodic deworming; attention to malaria/hemoglobinopathies/fluorosis in endemic areas?2023 · Prelims GS1 · Indian Economy · Public Health
- MSME statements: medium enterprises are defined as plant/machinery investment ₹15–25 crore under the 2006 Act; all bank loans to MSMEs qualify as priority-sector lending. Which is correct?2023 · Prelims GS1 · Indian Economy · MSMEs
- CBDC statements: payments can occur without using the US dollar/SWIFT; digital currency can be programmed with conditions such as a spending deadline. Which is correct?2023 · Prelims GS1 · Indian Economy · Central Bank Digital Currency
- In finance, what does “beta” measure?2023 · Prelims GS1 · Indian Economy · Capital Markets
- How many SHG statements are correct: SBI originally initiated the programme; members share responsibility for an individual member’s loan; RRBs and scheduled commercial banks support SHGs?2023 · Prelims GS1 · Indian Economy · Self-Help Groups
- Statement I: India’s public health system largely focuses on curative care with limited preventive/promotive/rehabilitative care. Statement II: States are primarily responsible for organising health services. Choose correctly.2023 · Prelims GS1 · Indian Economy · Health System
- Statement I: India accounts for 3.2% of global merchandise exports. Statement II: Indian and foreign firms have used India’s Production-Linked Incentive scheme. Choose correctly.2023 · Prelims GS1 · Indian Economy · Trade & PLI
- The EU Stability and Growth Pact: limits budget deficits; requires sharing infrastructure; enables technology sharing. How many are correct?2023 · Prelims GS1 · Indian Economy · European Union Fiscal Rules
- The Rapid Financing Instrument and Rapid Credit Facility are emergency lending facilities of which international institution?2022 · Prelims GS1 · Indian Economy · International Financial Institutions
- On effective exchange rates, consider: (1) a rise in NEER denotes rupee appreciation; (2) a rise in REER necessarily improves trade competitiveness; (3) relatively higher domestic inflation can widen the gap between NEER and REER. Which are correct?2022 · Prelims GS1 · Indian Economy · Exchange Rate—NEER/REER
- Regarding RBI responses: (1) very high inflation makes RBI likely to buy government securities; (2) rapid rupee depreciation may induce RBI to sell dollars; (3) lower US/EU interest rates may induce RBI to buy dollars. Which are correct?2022 · Prelims GS1 · Indian Economy · RBI Monetary & Forex Policy
- The G20 Common Framework for debt treatment: (1) is endorsed by the G20 together with the Paris Club; (2) supports low-income countries with unsustainable debt. Which is correct?2022 · Prelims GS1 · Indian Economy · Sovereign Debt & G20
- What advantages can inflation-indexed bonds provide: (1) potentially lower coupon cost for government; (2) inflation protection to investors; (3) automatic tax exemption of interest and capital gains?2022 · Prelims GS1 · Indian Economy · Inflation-Indexed Bonds
- For foreign-owned e-commerce marketplace firms operating in India, consider: (1) they may sell their own inventory alongside marketplace goods; (2) limits apply to ownership/control relationships with major sellers on their platforms. Which is correct?2022 · Prelims GS1 · Indian Economy · E-commerce FDI Policy
- Which activities belong to the real sector: (1) farmers harvesting crops; (2) textile mills turning cotton into cloth; (3) a bank lending to a trader; (4) a company issuing rupee-denominated bonds abroad?2022 · Prelims GS1 · Indian Economy · Real vs Financial Sector
- Which situation is an 'indirect transfer' for Indian tax purposes?2022 · Prelims GS1 · Indian Economy · Taxation—Indirect Transfers
- For business expenditure, consider: (1) acquiring new technology is capital expenditure; (2) debt financing is capital expenditure whereas equity financing is revenue expenditure. Which is correct?2022 · Prelims GS1 · Indian Economy · Capital & Revenue Expenditure
- Regarding public finance: (1) part of household financial savings ultimately finances government borrowing; (2) market-auctioned dated securities form a large part of India's internal public debt. Which is correct?2022 · Prelims GS1 · Indian Economy · Public Debt & Household Savings
- Consider external commercial borrowings: (1) tighter US Federal Reserve policy can trigger capital flight; (2) capital flight may raise financing costs for firms with existing ECB exposure; (3) domestic-currency devaluation reduces currency risk on ECBs. Which are correct?2022 · Prelims GS1 · Indian Economy · External Commercial Borrowings
- Regarding credit-rating agencies in India: (1) they are regulated by RBI; (2) ICRA is a public limited company; (3) Brickwork Ratings is an Indian rating agency. Which are correct?2022 · Prelims GS1 · Indian Economy · Credit Rating Agencies
- About the Banks Board Bureau: (1) RBI Governor chairs it; (2) it recommends selection of heads of public-sector banks; (3) it assists PSBs with strategies and capital-raising plans. Which are correct?2022 · Prelims GS1 · Indian Economy · Banking Governance—BBB
- Convertible bonds: (1) often carry lower interest because investors receive an equity-conversion option; (2) conversion into equity can give the holder some participation in nominal price/inflation-linked appreciation. Which is correct?2022 · Prelims GS1 · Indian Economy · Convertible Bonds
- Which institution has the statutory monetary-policy responsibility for maintaining price stability in India?2022 · Prelims GS1 · Indian Economy · Inflation Targeting & RBI
- Regarding NFTs: (1) they can digitally represent physical assets; (2) they are unique cryptographic tokens recorded on a blockchain; (3) they are fungible at equivalence like ordinary money and therefore suitable as a general medium of exchange. Which are correct?2022 · Prelims GS1 · Indian Economy · NFTs & Blockchain Assets
- Which Indian institution compiles statistics on industrial disputes, closures, retrenchments and layoffs in factories?2022 · Prelims GS1 · Indian Economy · Labour Statistics
- What roles belong to the Coal Controller's Organisation: (1) major source of coal statistics; (2) monitors development of captive coal/lignite blocks; (3) hears objections regarding acquisition notifications for coal-bearing areas; (4) ensures miners deliver coal to users within prescribed time?2022 · Prelims GS1 · Indian Economy · Coal Sector Institutions
- Examine these statements about the RBI: (1) the Union Government appoints the RBI Governor; (2) the Constitution itself contains provisions allowing the Union Government to direct RBI in public interest; (3) the Governor's authority is derived from the RBI Act. Which statements are correct?2021 · Prelims GS1 · Indian Economy · RBI & Monetary Institutions
- Regarding casual workers in India, consider: (1) every casual worker is covered by EPF; (2) casual workers are entitled to prescribed working hours and overtime where labour law applies; (3) government may require wages in specified establishments to be paid through bank accounts. Which are correct?2021 · Prelims GS1 · Indian Economy · Labour & Employment
- Which policy action is most consistent with countering an economic recession?2021 · Prelims GS1 · Indian Economy · Fiscal Policy
- Other factors unchanged, market demand for a good may rise when: (1) the price of a substitute rises; (2) the price of a complement rises; (3) consumer income rises for an inferior good; (4) the good's own price falls. Which are correct?2021 · Prelims GS1 · Indian Economy · Demand & Markets
- With reference to Urban Cooperative Banks, examine: (1) they are regulated only by local boards created by State Governments; (2) they can issue equity and preference shares subject to law; (3) they came under the Banking Regulation Act through the 1966 amendment. Which are correct?2021 · Prelims GS1 · Indian Economy · Banking Regulation
- Indian Government bond yields can be influenced by: (1) US Federal Reserve actions; (2) RBI actions; (3) inflation and short-term interest rates. Select the correct combination.2021 · Prelims GS1 · Indian Economy · Bond Markets
- Which among the following may be counted within FDI-related capital flows under the relevant framework: (1) foreign-currency convertible bonds; (2) qualifying foreign institutional investment; (3) global depository receipts; (4) non-resident external deposits?2021 · Prelims GS1 · Indian Economy · FDI & Capital Flows
- A devaluation of domestic currency necessarily has which effect(s): (1) improves price competitiveness of domestic exports abroad; (2) increases the foreign-currency value of the domestic currency; (3) improves the trade balance?2021 · Prelims GS1 · Indian Economy · Exchange Rate
- Which consequence of black money is the most direct fiscal concern for the Government of India?2021 · Prelims GS1 · Indian Economy · Black Money & Taxation
- Which way of financing a budget deficit is generally the most inflationary?2021 · Prelims GS1 · Indian Economy · Deficit Financing
- The money multiplier tends to increase with which development?2021 · Prelims GS1 · Indian Economy · Money Multiplier
- Demand-pull inflation can be generated or intensified by: (1) expansionary policies; (2) fiscal stimulus; (3) inflation-indexed wages; (4) greater purchasing power; (5) rising interest rates. Which combination is correct?2021 · Prelims GS1 · Indian Economy · Inflation
- With reference to India's government securities market, consider: (1) retail investors using demat accounts may access Treasury Bills and government debt in the primary market; (2) NDS-OM is an RBI government-securities trading platform; (3) CDSL was jointly promoted by RBI and BSE. Which are correct?2021 · Prelims GS1 · Indian Economy · Government Securities
- Regarding the WaterCredit approach, examine: (1) it applies microfinance tools to water and sanitation; (2) it is a WHO-World Bank initiative; (3) it helps low-income households finance water needs without relying solely on subsidies. Which are correct?2021 · Prelims GS1 · Indian Economy · Development Finance & WASH
- The central bank acting as 'lender of last resort' usually means: (1) lending directly to trade and industry when other lenders refuse; (2) providing emergency liquidity to solvent banks facing temporary stress; (3) financing government budget deficits. Which is correct?2021 · Prelims GS1 · Indian Economy · Central Banking
- “Pradhan Mantri Jan-Dhan Yojana” has been launched for2015 · Prelims GS1 · General Studies, Indian Economy · UPSC Prelims 2015 GS Paper I, Financial Inclusion
- With reference to the Fourteenth Finance Commission, which of the following statements is/are correct? 1. It has increased the share of States in the central divisible pool from 32 percent to 42 percent. 2. It has made recommendations concerning sector-specific grants.2015 · Prelims GS1 · Indian Economy · Finance Commission
- A decrease in tax to GDP ratio of a country indicates which of the following? 1. Slowing economic growth rate. 2. Less equitable distribution of national income.2015 · Prelims GS1 · General Studies, Indian Economy · UPSC Prelims 2015 GS Paper I, Tax-to-GDP Ratio
- In the “Index of Eight Core Industries”, which one of the following was given the highest weight at the time of the examination?2015 · Prelims GS1 · Indian Economy · Core Industries
- Which one of the following issues the “Global Economic Prospects” report periodically?2015 · Prelims GS1 · Indian Economy · International Economic Reports
- When the Reserve Bank of India reduces the Statutory Liquidity Ratio by 50 basis points, which of the following is likely to happen?2015 · Prelims GS1 · Indian Economy · SLR
- Which of the following brings out the Consumer Price Index Number for Industrial Workers?2015 · Prelims GS1 · Indian Economy · CPI-IW
- Convertibility of rupee implies2015 · Prelims GS1 · General Studies, Indian Economy · UPSC Prelims 2015 GS Paper I, Currency Convertibility
- In India, the steel production industry requires the import of2015 · Prelims GS1 · General Studies, Indian Economy · UPSC Prelims 2015 GS Paper I, Steel Industry
- “Basel III Accord” seeks to2015 · Prelims GS1 · General Studies, Indian Economy · UPSC Prelims 2015 GS Paper I, Basel III
- With reference to Indian economy, consider: 1. The rate of growth of Real GDP has steadily increased in the last decade. 2. GDP at market prices in rupees has steadily increased in the last decade. Which is/are correct?2015 · Prelims GS1 · Indian Economy · GDP
- With reference to Indian economy, consider: 1. Bank Rate 2. Open market operations 3. Public debt 4. Public revenue. Which are components/instruments of Monetary Policy?2015 · Prelims GS1 · Indian Economy · Monetary Policy
- With reference to inflation in India, which statement is correct?2015 · Prelims GS1 · Indian Economy · Inflation
- The substitution of steel for wooden ploughs in agricultural production is an example of2015 · Prelims GS1 · Indian Economy · Technological Progress
- The problem of international liquidity is related to the non-availability of2015 · Prelims GS1 · General Studies, Indian Economy · UPSC Prelims 2015 GS Paper I, International Liquidity
- There has been a persistent deficit budget year after year. Which actions can be taken by government to reduce the deficit? 1. Reducing revenue expenditure 2. Introducing new welfare schemes 3. Rationalizing subsidies 4. Expanding industries2015 · Prelims GS1 · Indian Economy · Fiscal Deficit
- With reference to Indian Renewable Energy Development Agency Limited (IREDA), which statements are correct? 1. It is a Public Limited Government Company. 2. It is a Non-Banking Financial Company.2015 · Prelims GS1 · Indian Economy · IREDA
- Which organization brings out the publication known as World Economic Outlook?2014 · Prelims GS1 · Indian Economy · International Economic Reports
- With reference to the Union Budget, which of the following were covered under Non-Plan Expenditure? 1. Defence expenditure 2. Interest payments 3. Salaries and pensions 4. Subsidies2014 · Prelims GS1 · Indian Economy · Union Budget
- The sales tax you pay while purchasing a toothpaste is a2014 · Prelims GS1 · Indian Economy · Indirect Taxes Pre-GST
- What does venture capital mean?2014 · Prelims GS1 · Indian Economy · Venture Capital
- The main objective of the Twelfth Five-Year Plan was2014 · Prelims GS1 · Indian Economy · Five-Year Plans
- With reference to Balance of Payments, which of the following constitutes/constitute the Current Account? 1. Balance of trade 2. Foreign assets 3. Balance of invisibles 4. Special Drawing Rights2014 · Prelims GS1 · Indian Economy · Balance of Payments
- The terms “Marginal Standing Facility Rate” and “Net Demand and Time Liabilities”, sometimes appearing in news, are used in relation to2014 · Prelims GS1 · Indian Economy · Banking Terms
- What facility/facilities can beneficiaries get from Business Correspondents (Bank Saathi) in branchless areas? 1. Draw subsidies and social-security benefits in their villages. 2. Make deposits and withdrawals in rural areas.2014 · Prelims GS1 · Indian Economy · Financial Inclusion
- In the context of Indian economy, which of the following is/are the purpose/purposes of Statutory Reserve Requirements? 1. To enable the Central Bank to control the amount of advances banks can create 2. To make people’s deposits with banks safe and liquid 3. To prevent commercial banks from making excessive profits 4. To force banks to have sufficient vault cash for day-to-day requirements2014 · Prelims GS1 · Indian Economy · Reserve Requirements
- If the interest rate is decreased in an economy, it will2014 · Prelims GS1 · Indian Economy · Interest Rates
- The balance of payments of a country is a systematic record of2013 · Prelims GS1 · Indian Economy, Economy · Balance of Payments
- The Reserve Bank of India regulates the commercial banks in matters of 1. liquidity of assets 2. branch expansion 3. merger of banks 4. winding-up of banks. Select the correct answer.2013 · Prelims GS1 · Indian Economy · Banking Regulation
- An increase in the Bank Rate generally indicates that the2013 · Prelims GS1 · Indian Economy, Economy · Monetary Policy, Bank Rate and Monetary Policy
- In India, deficit financing is used for raising resources for2013 · Prelims GS1 · Indian Economy, Economy · Deficit Financing
- Which of the following constitute Capital Account? 1. Foreign Loans 2. Foreign Direct Investment 3. Private Remittances 4. Portfolio Investment2013 · Prelims GS1 · Indian Economy · Balance of Payments
- Consider the following statements: 1. Inflation benefits the debtors. 2. Inflation benefits the bond-holders. Which of the statements given above is/are correct?2013 · Prelims GS1 · Indian Economy, Economy · Inflation, Inflation and Distribution
- Disguised unemployment generally means2013 · Prelims GS1 · Indian Economy, Economy · Employment, Disguised Unemployment
- Consider the following liquid assets: 1. Demand deposits with banks 2. Time deposits with banks 3. Savings deposits with banks 4. Currency. The correct sequence of these in decreasing order of liquidity is2013 · Prelims GS1 · Indian Economy · Money and Liquidity
- In the context of Indian economy, “Open Market Operations” refers to2013 · Prelims GS1 · Indian Economy, Economy · Open Market Operations
- Priority Sector Lending by banks in India constitutes the lending to2013 · Prelims GS1 · Indian Economy, Economy · Priority Sector Lending
- To obtain full benefits of demographic dividend, what should India do?2013 · Prelims GS1 · Indian Economy, Economy · Demographic Dividend
- A rise in general level of prices may be caused by 1. an increase in the money supply 2. a decrease in the aggregate level of output 3. an increase in the effective demand. Select the correct answer.2013 · Prelims GS1 · Indian Economy · Inflation
- Which one of the following groups of items is included in India’s foreign-exchange reserves?2013 · Prelims GS1 · Indian Economy, Economy · Foreign Exchange Reserves
- Which one of the following is likely to be the most inflationary in its effect?2013 · Prelims GS1 · Indian Economy, Economy · Deficit Monetization, Deficit Monetisation and Inflation
- Supply of money remaining the same, when there is an increase in demand for money, there will be2013 · Prelims GS1 · Indian Economy, Economy · Money Demand, Money Demand and Interest Rate
- Economic growth in country X will necessarily have to occur if2013 · Prelims GS1 · Indian Economy, Economy · Economic Growth, Capital Formation and Growth
- The national income of a country for a given period is equal to the2013 · Prelims GS1 · Indian Economy, Economy · National Income
- Which of the following grant/grants direct credit assistance to rural households? 1. Regional Rural Banks 2. National Bank for Agriculture and Rural Development 3. Land Development Banks2013 · Prelims GS1 · Indian Economy · Rural Credit