UPSC Prelims 2023 · GS Paper I

Economy questions from UPSC 2023

Review every Economy question in the 2023 paper with its answer and study explanation, then launch the same set under timed exam conditions.

Topic distribution

Agriculture Economics · 2Monetary Policy · 2Business & Accounting Concepts · 1Financial Inclusion & Rural Development · 1Financial Instruments · 1Financial Markets · 1Financial Markets & Investment · 1Fiscal Federalism · 1Industrial Sector · 1International Economic Organizations/Agreements · 1International Trade & Industrial Policy · 1International Trade & Reserves · 1

All 2023 Economy questions

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

How answers are prepared
  1. Question 1 · Agriculture Economics

    Consider the following statements : 1. The Government of India provides Minimum Support Price for niger (Guizotia abyssinica) seeds. 2. Niger is cultivated as a Kharif crop. 3. Some tribal p...

  2. Question 2 · Monetary Policy

    Consider the following statements : Statement-I : In the post-pandemic recent past, many Central Banks worldwide had carried out interest rate hikes. Statement-II : Central Banks generally a...

  3. Question 3 · Business & Accounting Concepts

    Consider the investments in the following assets : 1. Brand recognition 2. Inventory 3. Intellectual property 4. Mailing list of clients How many of the above are considered intangible inves...

  4. Question 4 · Fiscal Federalism

    Consider the following : 1. Demographic performance 2. Forest and ecology 3. Governance reforms 4. Stable government 5. Tax and fiscal efforts For the horizontal tax devolution, the Fifteent...

  5. Question 5 · Money and Banking

    With reference to Central Bank digital currencies, consider the following statements : 1. It is possible to make payments in a digital currency without using US dollar or SWIFT system. 2. A...

  6. Question 6 · International Trade & Reserves

    Consider the following statements : Statement-I : Switzerland is one of the leading exporters of gold in terms of value. Statement-II : Switzerland has the second largest gold reserves in th...

  7. Question 7 · Financial Instruments

    Consider the following statements : Statement-I : Interest income from the deposits in Infrastructure Investment Trusts (InvITs) distributed to their investors is exempted from tax, but the...

  8. Question 8 · Financial Markets

    Consider the following markets : 1. Government Bond Market 2. Call Money Market 3. Treasury Bill Market 4. Stock Market How many of the above are included in capital markets?

  9. Question 9 · Financial Inclusion & Rural Development

    Consider the following statements : 1. The Self-Help Group (SHG) programme was originally initiated by the State Bank of India by providing microcredit to the financially deprived. 2. In an...

  10. Question 10 · Agriculture Economics

    Which one of the following best describes the concept of 'Small Farmer Large Field'?

  11. Question 11 · International Economic Organizations/Agreements

    Consider the following statements : The 'Stability and Growth Pact' of the European Union is a treaty that 1. limits the levels of the budgetary deficit of the countries of the European Unio...

  12. Question 12 · Financial Markets & Investment

    In the context of finance, the term 'beta' refers to

  13. Question 13 · Monetary Policy

    Which one of the following activities of the Reserve Bank of India is considered to be part of 'sterilization'?

  14. Question 14 · Industrial Sector

    Consider the following statements with reference to India : 1. According to the 'Micro, Small and Medium Enterprises Development (MSMED) Act, 2006', the 'medium enterprises' are those with i...

  15. Question 15 · International Trade & Industrial Policy

    Consider the following statements : Statement-I : India accounts for 3.2% of global export of goods. Statement-II : Many local companies and some foreign companies operating in India have ta...