2024 Economy Prelims PYQs
For UPSC aspirants, studying Economy Prelims PYQs (Previous Years’ Questions) is a key step in acing the economy section of the Prelims exam. These questions offer deep insights into recurring topics, significant economic concepts, and key developments in India’s financial landscape. By analyzing Economy Prelims PYQs from recent years, including 2024, candidates can identify trends in areas such as Indian Economic Planning, Fiscal Policy, Monetary Policy, Inflation, Banking Reforms, Government Schemes, and Economic Indicators like GDP and Inflation.
In this post, we’ll dive into the 2024 Economy Prelims PYQs, providing a thorough review of question patterns, emerging focus areas, and critical concepts to emphasize in your preparation. This guide aims to equip you with a strategic approach to tackle economy-related questions effectively, strengthening your overall readiness for the UPSC Prelims.
1. The total fertility rate in an economy is defined as:
- the number of children born per 1000 people in the population in a year.
- the number of children born to a couple in their lifetime in a given population.
- the birth rate minus death rate.
- the average number of live births a woman would have by the end of her child-bearing age.
2. 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. Mineral Exploration | Teritiary |
4. Weaving Cloth | Secondary |
How many of the pairs given above are correctly matched?
- Only one
- Only two
- Only three
- All four
3. 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 weaver | Fixed Capital |
4. Petrol | Working Capital |
How many of the above pairs are correctly matched?
- Only one
- Only two
- Only three
- All four
4. Consider the following statements:
- In India, Non-Banking Financial Companies can access the Liquidity Adjustment Facility window of the Reserve Bank of India.
- In Inida, Foreign Institutional Investors can hold the Government Securities(G-Sec).
- In India, Stock Exchanges can offer separate trading platform for debts.
Which of the statements given above is/are correct?
- 1 and 2 only
- 3 only
- 1, 2 and 3
- 2 and 3 only
5. In India, which of the following can trade in Corporate Bonds and Government Securities?
- Insurance Companies
- Pension Funds
- Retail Investors
Select the correct answer using the code given below:
- 1 and 2 only
- 2 and 3 only
- 1 and 3 only
- 1, 2 and 3
6. Consider the following:
- Exchange Traded Funds(ETF)
- Motor Vehicles
- Currency Swap
Which of the above is/are considered financial instruments?
- 1 only
- 2 and 3 only
- 1, 2 and 3
- 1 and 3 only
7. With reference to the rule/rules imposed by the Reserve Bank of India while treating Foreign Banks, consider the following statements:
- There is no minimum capital requirenebt for wholly owned banking subsidiaries in India.
- For wholly owned banking subsidiaries in India, at least 50% of the board members should be Indian nationals.
Which of the statements given above is/are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
8. With reference to the Indian Economy, “Collateral Borrowing and Lending Obligations” are the instruments of:
- Bond market
- Forex market
- Money market
- Stock market
9. With reference to the ‘Pradhan Mantri Surakshit Matritva Abhiyan’, consider the following statements:
- This scheme gaurantees a minimum package of antenatal care services to women in their second and third trimesters of pregnancy anf six months post-delivery health care service in any government health facility.
- Under this scheme, private sector health care providers of certain specialities can volunteer to provide service at nearby government health facilities.
Which of the statements given above is/are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
10. With reference to the Pradhan Mantri Shram Yogi Maan-dhan(PM-SYM) Yojana, consider the following statements:
- The entry age group for enrolment in the scheme is 21 to 40 years.
- Age specific contribution shall be made by the beneficiary.
- Each subscriber under the scheme shall receive a minimum pension of Rs. 3,000 per month after attaining the age of 60 years.
- Family pension is applicable to the spouse the unmarried daughters.
Which of the statements given above is/are correct?
- 1, 3 and 4
- 2 and 3 only
- 2 only
- 1, 2 and 4
11. Consider the following statements regarding ‘Nari Shakti Vandan Adhiniyam’:
- Provisions will come into effect from the 18th Lok Sabha.
- This will be in force for 15 years after becoming an Act.
- There are provisions for the reservation of seats for scheduled Castes Women within the quota reserved for the Scheduled Castes.
Which of the statements given above are correct?
- 1, 2 and 3
- 1 and 2 only
- 2 and 3 only
- 1 and 3 only
12. Consider the following statements in respect of the digital rupee:
- It is a sovereign currency issued by the Reserve Bank of India(RBI) in alignment with its monetary policy.
- It appears as a liability on the RBI’s balance sheet.
- It is insured against inflation by its very design.
- It is freely convertible against commercial bank money and cash.
Which of the statements given above are correct?
- 1 and 2 only
- 1 and 3 only
- 2 and 4 only
- 1, 2 and 4
13. Consider the following plants:
- Groundnut
- Horse-gram
- Soybean
How many of the above belong to the pea family?
- Only one
- Only two
- All three
- None
14. With respect to the Corporate Social Responsibility(CSR) Rules in India, consider the following statements:
- CSR rules specify that expenditures that benifit the company directly or its employees will not be considered as CSR activities.
- CSR rules do not specify minimum spending on CSR activities.
Which of the statements given above is/are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
15. Consider the following airports :
- Donyi Polo Airport
- Kushinagar International Airport
- Vijayawada International Airport
In The recent past, Which of the above have been constructed as Greenfield Projects?
- 1 and 2 only
- 2 and 3 only
- 1 and 3 only
- 1, 2 and 3
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