UPSC Prelims PYQ

UPSC Prelims Indian economy Questions

65 Indian economy questions from previous UPSC Prelims papers, from the latest year backwards, each with its answer and explanation.

Questions
65
Years covered
2016–2024
Exam years
3
With answers
65

Indian economy questions by year

UPSC Prelims Indian economy Questions

1–13 of 13
  1. Q1 2024 Prelims GS

    The total fertility rate in an economy is defined as:

    1. The number of children born per 1000 people in the population in a year.
    2. The number of children born to a couple in their lifetime in a given population.
    3. The birth rate minus the death rate.
    4. The average number of live births a woman would have by the end of her child-bearing age.
    DemographyFertility and population indicatorsIndian economy
    View answer & explanation
  2. Q2 2024 Prelims GS

    Consider the following statements:
    1. In India, Non-Banking Financial Companies can access the Liquidity Adjustment Facility window of the Reserve Bank of India.
    2. In India, Foreign Institutional Investors can hold Government Securities (G-Secs).
    3. In India, Stock Exchanges can offer separate trading platforms for debts.
    Which of the statements given above is/are correct?

    1. 1 and 2 only
    2. 3 only
    3. 1, 2 and 3
    4. 2 and 3 only
    Banking and financial marketsG-secs and debt trading platformsIndian economy
    View answer & explanation
  3. Q7 2024 Prelims GS

    With reference to the rule/rules imposed by the Reserve Bank of India while treating foreign banks, consider the following statements:
    1. There is no minimum capital requirement for wholly owned banking subsidiaries in India.
    2. For wholly owned banking subsidiaries in India, at least 50% of the board members should be Indian nationals.
    Which of the statements given above is/are correct?

    1. 1 only
    2. 2 only
    3. Both 1 and 2
    4. Neither 1 nor 2
    Banking regulationForeign banks in indiaIndian economy
    View answer & explanation
  4. Q8 2024 Prelims GS

    With reference to Corporate Social Responsibility (CSR) rules in India, consider the following statements:
    1. CSR rules specify that expenditures that benefit the company directly or its employees will not be considered as CSR activities.
    2. CSR rules do not specify minimum spending on CSR activities.
    Which of the statements given above is/are correct?

    1. 1 only
    2. 2 only
    3. Both 1 and 2
    4. Neither 1 nor 2
    Corporate governanceCorporate social responsibilityCsr eligibility and spending rules
    View answer & explanation
  5. Q9 2024 Prelims GS

    Consider the following statements:
    Statement-I: If the United States of America (USA) were to default on its debt, holders of US Treasury Bonds will not be able to exercise their claims to receive payment.
    Statement-II: The USA Government debt is not backed by any hard assets, but only by the faith of the Government.
    Which one of the following is correct in respect of the above statements?

    1. Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
    2. Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
    3. Statement-I is correct, but Statement-II is incorrect
    4. Statement-I is incorrect, but Statement-II is correct
    Indian economyPublic financeSovereign debt and government bonds
    View answer & explanation
  6. Q10 2024 Prelims GS

    Consider the following statements:
    Statement-I: Syndicated lending spreads the risk of borrower default across multiple lenders.
    Statement-II: The syndicated loan can be a fixed amount/lump sum of funds, but cannot be a credit line.
    Which one of the following is correct in respect of the above statements?

    1. Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
    2. Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
    3. Statement-I is correct, but Statement-II is incorrect
    4. Statement-I is incorrect, but Statement-II is correct
    Banking and creditIndian economyLoan structure and risk sharing
    View answer & explanation
  7. Q11 2024 Prelims GS

    Consider the following statements in respect of the digital rupee:
    1. It is a sovereign currency issued by the Reserve Bank of India (RBI) in alignment with its monetary policy.
    2. It appears as a liability on the RBI's balance sheet.
    3. It is insured against inflation by its very design.
    4. It is freely convertible against commercial bank money and cash.
    Which of the statements given above are correct?

    1. 1 and 2 only
    2. 1 and 3 only
    3. 2 and 4 only
    4. 1, 2 and 4
    Central bank digital currencyDigital financeDigital rupee characteristics
    View answer & explanation
  8. Q13 2024 Prelims GS

    Consider the following statements:
    Statement-I: India does not import apples from the United States of America.
    Statement-II: In India, the law prohibits the import of Genetically Modified food without the approval of the competent authority.
    Which one of the following is correct in respect of the above statements?

    1. Both Statement-I and Statement-II are correct and Statement-II explains Statement-I.
    2. Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I.
    3. Statement-I is correct, but Statement-II is incorrect.
    4. Statement-I is incorrect, but Statement-II is correct.
    Agricultural importsGm food approval and apple importsIndian economy
    View answer & explanation

52 more questions are premium

Free access covers 2025 and 2024 papers. Log in to practise free questions, or upgrade to unlock every year with answers and explanations.

Log in to continue

Padhlona is an independent preparation platform and is not affiliated with UPSC or the Government of India.