UPSC Prelims PYQ
UPSC Prelims Economy Questions
144 Economy questions from previous UPSC Prelims papers, from the latest year backwards, each with its answer and explanation.
- Questions
- 144
- Years covered
- 2017–2026
- Exam years
- 9
- With answers
- 144
Economy questions by year
UPSC Prelims Economy Questions
1–20 of 22-
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Which of the following are the sources of income for the Reserve Bank of India? I. Buying and selling of Government bonds II. Buying and selling of foreign currency III. Pension fund management IV. Lending to private companies V. Printing and distributing currency notes. Select the correct answer using the code given below.
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Consider the following statements: I. The Reserve Bank of India mandates all the listed companies in India to submit a Business Responsibility and Sustainability Report (BRSR). II. In India, a company submitting a BRSR makes disclosures in the report that are largely non-financial in nature. Which of the statements given above is/are correct?
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Consider the following statements: Statement I: In India, income from allied agricultural activities like poultry-farming and wool rearing in rural areas is exempted from any tax. Statement II: In India, under the provisions of the Income-tax Act, 1961, rural agricultural land is not considered a capital asset. Which one of the following is correct in respect of the above statements?
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Consider the following statements: I. India has joined the Minerals Security Partnership as a member. II. India has itself identified all 30 critical minerals as resource-rich. III. Parliament in 2023 amended the Mines and Minerals (Development and Regulation) Act, 1957 empowering the Central Government to exclusively auction mining lease and composite (prospecting-cum-mining) licence for certain critical minerals. Which of the statements given above are correct?
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Consider the following statements: Statement I: As regards returns from an investment in a company, generally, bondholders are considered to be relatively at lower risk than stockholders. Statement II: Bondholders are lenders to a company whereas stockholders are its owners. Statement III: For repayment purpose, bond-holders are prioritized over stockholders by a company. Which one of the following is correct in respect of the above statements?
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Consider the following statements: I. India accounts for a very large portion of all equity option contracts traded globally thus exhibiting a great boom. II. India's stock market has grown rapidly in the recent past even overtaking Hong Kong's at some point of time. III. There is no regulatory body either to warn the small investors about the risks of options trading or to act on unregistered financial advisors in this regard. Which of the statements given above are correct?
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Consider the following statements: I. Capital receipts create a liability or cause a reduction in the assets of the Government. II. Borrowings and disinvestment are capital receipts. III. Interest received on loans creates a liability of the Government. Which of the statements given above are correct?
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Consider the following statements about turmeric during the year 2022-23: I. India is the largest producer and exporter of turmeric in the world. II. More than 30 varieties of turmeric are grown in India. III. Maharashtra, Telangana, Karnataka and Tamil Nadu are major turmeric-producing States in India. Which of the statements given above are correct?
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Consider the following statements about the Rashtriya Gokul Mission: I. It is important for the upliftment of the rural poor as majority of low producing indigenous animals are with small and marginal farmers and landless labourers. II. It was initiated to promote indigenous cattle and buffalo rearing and conservation in a scientific and holistic manner. Which of the statements given above is/are correct?
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Which one of the following launched the 'Nature Solutions Finance Hub for Asia and the Pacific'?
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Consider the following activities: I. Production of crude oil II. Refining, storage and distribution of petroleum III. Marketing and sale of petroleum products IV. Production of natural gas. How many of the above activities are regulated by the Petroleum and Natural Gas Regulatory Board in our country?
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Suppose the revenue expenditure is ₹80,000 crores and the revenue receipts of the Government are ₹60,000 crores. The Government budget also shows borrowings of ₹10,000 crores and interest payments of ₹6,000 crores. Which of the following statements are correct? I. Revenue deficit is ₹20,000 crores. II. Fiscal deficit is ₹10,000 crores. III. Primary deficit is ₹4,000 crores. Select the correct answer using the code given below.
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Consider the following statements: Statement I: Of the two major ethanol producers in the world, i.e., Brazil and the United States of America, the former produces more ethanol than the latter. Statement II: Unlike in the United States of America where corn is the principal feedstock for ethanol production, sugarcane is the principal feedstock for ethanol production in Brazil. Which one of the following is correct in respect of the above statements?
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A country's fiscal deficit stands at ₹50,000 crores. It is receiving ₹10,000 crores through non-debt creating capital receipts. The country's interest liabilities are ₹1,500 crores. What is its gross primary deficit?
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Which of the following statements with regard to the recommendations of the 15th Finance Commission of India are correct? I. It has recommended grants of ₹4,800 crores from the year 2022-23 to 2025-26 for incentivizing States to enhance educational outcomes. II. 45% of the net proceeds of Union taxes should be shared with the States. III. ₹45,000 crores are to be kept as performance-based incentive for all States for carrying out agricultural reforms. IV. It reintroduced the tax effort criteria to reward fiscal performance. Select the correct answer using the code given below.
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Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD): I. It provides loans and guarantees to middle income countries. II. It works single-handedly to help developing countries reduce poverty. III. It was established to help Europe rebuild after the World War II. Which of the statements given above are correct?
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Consider the following statements regarding RTGS and NEFT: I. In RTGS, the settlement time is instantaneous, whereas in the case of NEFT, it takes some time to settle payments. II. In RTGS, the customer is charged for inward transactions while that is not the case for NEFT. III. Operating hours for RTGS are restricted on certain days while this is not true for NEFT. Which of the statements given above is/are correct?
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Consider the following countries: I. United Arab Emirates II. France III. Germany IV. Singapore V. Bangladesh. Other than India, in how many of the above countries are international merchant payments accepted through UPI?
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Consider the following statements about 'PM Surya Ghar Muft Bijli Yojana': I. Its target is to install one crore solar rooftop panels on the roofs of houses in the residential sector. II. The Ministry of New and Renewable Energy aims to impart training on installation, operation, maintenance and repairs of solar rooftop systems at the grassroot level. III. Its aim is, under the skill component of capacity building, to create more than three lakh skilled manpower through fresh skilling and upskilling. Which of the statements given above are correct?
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