UPSC Prelims 2022 · GS Paper I
Economy questions from UPSC 2022
Review every Economy question in the 2022 paper with its answer and study explanation, then launch the same set under timed exam conditions.
Topic distribution
All 2022 Economy questions
Open any question for the full options, answer, explanation, and syllabus metadata.
Question 1 · Exchange Rate
With reference to the Indian economy, consider the following statements : 1. An increase in Nominal Effective Exchange Rate (NEER) indicates the appreciation of rupee. 2. An increase in the...
Question 2 · E-commerce Policy
With reference to foreign-owned e-commerce firms operating in India, which of the following statements is/are correct? 1. They can sell their own goods in addition to offering their platform...
Question 3 · Agricultural Sector Regulation
With reference to the "Tea Board" in India, consider the following statements: 1. The Tea Board is a statutory body. 2. It is a regulatory body attached to the Ministry of Agriculture and Fa...
Question 4 · International Financial Institutions
"Rapid Financing Instrument" and "Rapid Credit Facility" are related to the provisions of lending by which one of the following?
Question 5 · Monetary Policy
With reference to the Indian economy, consider the following statements: 1. If the inflation is too high, Reserve Bank of India (RBI) is likely to buy government securities. 2. If the rupee...
Question 6 · International Finance
Consider the following statements: 1. Tight monetary policy of US Federal Reserve could lead to capital flight. 2. Capital flight may increase the interest cost of firms with existing Extern...
Question 7 · Energy Sector Regulation
In India, what is the role of the Coal Controller's Organization (CCO)? 1. CCO is the major source of Coal Statistics in Government of India. 2. It monitors progress of development of Captiv...
Question 8 · Labour Statistics
In India, which one of the following compiles information on industrial disputes, closures, retrenchments and lay-offs in factories employing workers?
Question 9 · Public Finance / Corporate Finance
With reference to the expenditure made by an organisation or a company, which of the following statements is/are correct ? 1. Acquiring new technology is capital expenditure. 2. Debt financi...
Question 10 · International Economics
Consider the following statements: 1. Vietnam has been one of the fastest growing economies in the world in the recent years. 2. Vietnam is led by a multi-party political system. 3. Vietnam'...
Question 11 · International Taxation
Which one of the following situations best reflects "Indirect Transfers" often talked about in media recently with reference to India?
Question 12 · Financial Markets
With reference to Convertible Bonds, consider the following statements : 1. As there is an option to exchange the bond for equity, Convertible Bonds pay a lower rate of interest. 2. The opti...
Question 13 · Public Finance
With reference to the Indian economy, consider the following statements : 1. A share of the household financial savings goes towards government borrowings. 2. Dated securities issued at mark...
Question 14 · Financial Instruments
With reference to the Indian economy, what are the advantages of "Inflation-Indexed Bonds (IIBs)"? 1. Government can reduce the coupon rates on its borrowing by way of IIBs. 2. IIBs provide...
Question 15 · International Economic Cooperation
With reference to the "G20 Common Framework", consider the following statements : 1. It is an initiative endorsed by the G20 together with the Paris Club. 2. It is an initiative to support L...
Question 16 · Banking Sector Reforms
With reference to the 'Banks Board Bureau (BBB)', which of the following statements are correct? 1. The Governor of RBI is the Chairman of BBB. 2. BBB recommends for the selection of heads f...
Question 17 · Financial Markets
Consider the following statements : 1. In India, credit rating agencies are regulated by Reserve Bank of India. 2. The rating agency popularly known as ICRA is a public limited company. 3. B...
Question 18 · Sectors of Economy
Which of the following activities constitute real sector in the economy? 1. Farmers harvesting their crops 2. Textile mills converting raw cotton into fabrics 3. A commercial bank lending mo...
Question 19 · Monetary Policy
In India, which one of the following is responsible for maintaining price stability by controlling inflation?