Economy questions from UPSC 2018

Question 1 · International Relations & Trade Blocs

Consider the following countries : 1. Australia 2. Canada 3. China 4. India 5. Japan 6. USA Which of the above are among the 'free-trade partners' of ASEAN ?

Question 2 · Government Schemes & Skill Development

With reference to Pradhan Mantri Kaushal Vikas Yojana, consider the following statements: 1. It is the flagship scheme of the Ministry of Labour and Employment. 2. It, among other things, wi...

Question 3 · Economic Development & Growth

Increase in absolute and per capita real GNP do not connote a higher level of economic development, if

Question 4 · Economic Growth & Productivity

Despite being a high saving economy, capital formation may not result in significant increase in output due to

Question 5 · Indian Economy

As per the NSSO 70th Round "Situation Assessment Survey of Agricultural Households", consider the following statements : 1. Rajasthan has the highest percentage share of agricultural househo...

Question 6 · Digital Payments & Financial Technology

With reference to digital payments, consider the following statements : 1. BHIM app allows the user to transfer money to anyone with a UPI-enabled bank account. 2. While a chip-pin debit car...

Question 7 · Money & Banking

Which one of the following statements correctly describes the meaning of legal tender money ?

Question 8 · International Trade & Organizations

India enacted The Geographical Indications of Goods (Registration and Protection) Act, 1999 in order to comply with the obligations to

Question 9 · Indian Economy

Consider the following statements : 1. The Fiscal Responsibility and Budget Management (FRBM) Review Committee Report has recommended a debt to GDP ratio of 60% for the general (combined) go...

Question 10 · Indian Economy

Consider the following statements: 1. The quantity of imported edible oils is more than the domestic production of edible oils in the last five years. 2. The Government does not impose any c...

Question 11 · Indian Economy

Which one of the following links all the ATMs in India ?

Question 12 · Taxation

Consider the following items: 1. Cereal grains hulled 2. Chicken eggs cooked 3. Fish processed and canned 4. Newspapers containing advertising material Which of the above items is/are exempt...

Question 13 · Agriculture & Environment

With reference to organic farming in India, consider the following statements: 1. 'The National Programme for Organic Production' (NPOP) is operated under the guidelines and directions of th...

Question 14 · Banking and Financial Sector

With reference to the governance of public sector banking in India, consider the following statements: 1. Capital infusion into public sector banks by the Government of India has steadily in...

Question 15 · Microeconomics

If a commodity is provided free to the public by the Government, then

Question 16 · Indian Economy

With reference to India's decision to levy an equalization tax of 6% on online advertisement services offered by non-resident entities, which of the following statements is/are correct? 1. I...

Question 17 · Indian Economy

Which one of the following best describes the term "Merchant Discount Rate" sometimes seen in news ?

Question 18 · Indian Economy

Consider the following statements : 1. Capital Adequacy Ratio (CAR) is the amount that banks have to maintain in the form of their own funds to offset any loss that banks incur if the accoun...

Question 19 · Public Finance & Monetary Policy

Consider the following statements: 1. The Reserve Bank of India manages and services Government of India Securities but not any State Government Securities. 2. Treasury bills are issued by t...

Question 20 · Human Development

Consider the following statements: Human capital formation as a concept is better explained in terms of a process which enables 1. individuals of a country to accumulate more capital. 2. inc...