UPSC Prelims 2024 · GS Paper I
Economy questions from UPSC 2024
Review every Economy question in the 2024 paper with its answer and study explanation, then launch the same set under timed exam conditions.
Topic distribution
All 2024 Economy questions
Open any question for the full options, answer, explanation, and syllabus metadata.
Question 1 · International Organizations
Consider the following statements : 1. India is a member of the International Grains Council. 2. A country needs to be a member of the International Grains Council for exporting or importing...
Question 2 · Microeconomics
With reference to physical capital in Indian economy, consider the following pairs : Items : Category 1. Farmer's plough : Working capital 2. Computer : Fixed capital 3. Yarn used by the wea...
Question 3 · Economic Sectors
With reference to the sectors of the Indian economy, consider the following pairs : Economic activity : Sector 1. Storage of agricultural produce : Secondary 2. Dairy farm : Primary 3. Miner...
Question 4 · Financial Markets
Consider the following : 1. Exchange-Traded Funds (ETF) 2. Motor vehicles 3. Currency swap Which of the above is/are considered financial instruments ?
Question 5 · Macroeconomics
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...
Question 6 · Corporate Governance
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 em...
Question 7 · Indian Economy
Which of the following statements with regard to recommendations of the 15th Finance Commission of India are correct? 1. It has recommended grants of ₹ 4,800 crores from the year 2022-23 to...
Question 8 · Monetary Policy & Currency
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 appea...
Question 9 · Financial Markets
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/lu...
Question 10 · Financial Markets
Consider the following statements : Statement I : As regards returns from an investment in a company, generally, bondholders are considered to be relatively at lower risk than stockholders....
Question 11 · Banking Sector
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...
Question 12 · International Organizations
Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD) : 1. It provides loans and guarantees to middle income countries. 2. It works...
Question 13 · Indian Economy
Consider the following statements in respect of RTGS and NEFT : 1. In RTGS, the settlement time is instantaneous while in case of NEFT, it takes some time to settle payments. 2. In RTGS, the...
Question 14 · Macroeconomics
Consider the following statements : 1. Capital receipts create a liability or cause a reduction in the assets of the Government. 2. Borrowings and disinvestment are capital receipts. 3. Inte...
Question 15 · Financial Markets
In India, which of the following can trade in Corporate Bonds and Government Securities ? 1. Insurance Companies 2. Pension Funds 3. Retail Investors Select the correct answer using the code...
Question 16 · Financial Markets
Consider the following statements : 1. India accounts for a very large portion of all equity option contracts traded globally thus exhibiting a great boom. 2. India's stock market has grown...