UPSC Prelims 2014 · GS Paper I

Economy questions from UPSC 2014

Review every Economy question in the 2014 paper with its answer and study explanation, then launch the same set under timed exam conditions.

Topic distribution

Monetary Policy · 3Public Finance · 2Agriculture · 1Agriculture / Biotechnology · 1Economic Planning · 1External Sector · 1Financial Inclusion · 1Financial Markets · 1International Organizations · 1

All 2014 Economy questions

Open any question for the full options, answer, explanation, and syllabus metadata.

How answers are prepared
  1. Question 1 · Public Finance

    With reference to Union Budget, which of the following is/are covered under Non-Plan Expenditure? 1. Defence expenditure 2. Interest payments 3. Salaries and pensions 4. Subsidies Select the...

  2. Question 2 · Financial Markets

    What does venture capital mean?

  3. Question 3 · Public Finance

    The sales tax you pay while purchasing a toothpaste is a

  4. Question 4 · Economic Planning

    The main objective of the 12th Five-Year Plan is

  5. Question 5 · Monetary Policy

    If the interest rate is decreased in an economy, it will

  6. Question 6 · Monetary Policy

    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 the...

  7. Question 7 · Agriculture

    In the context of food and nutritional security of India, enhancing the 'Seed Replacement Rates' of various crops helps in achieving the food production targets of the future. But what is/ar...

  8. Question 8 · External Sector

    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 Ri...

  9. Question 9 · Monetary Policy

    The terms 'Marginal Standing Facility Rate' and 'Net Demand and Time Liabilities', sometimes appearing in news, are used in relation to

  10. Question 10 · International Organizations

    Which of the following organizations brings out the publication known as 'World Economic Outlook'?

  11. Question 11 · Agriculture / Biotechnology

    In India, cluster bean (Guar) is traditionally used as a vegetable or animal feed, but recently the cultivation of this has assumed significance. Which one of the following statements is cor...

  12. Question 12 · Financial Inclusion

    What is/are the facility/facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in branchless areas? 1. It enables the beneficiaries to draw their sub...