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Economics UPSC PYQ 2019

26 questions from the UPSC 2019 examination.

26 questions

1Easyprelims2 marks
Human Development, Poverty & Employment Schemes

In the context of any country, which one of the following would be considered as part of its social capital?

AThe proportion of literates in the population
BThe stock of its buildings, other infrastructure and machines
CThe size of population in the working age group
DThe level of mutual trust and harmony in the society
2Mediumprelims2 marks
Infrastructure & Industry

Consider the following statements: 1. Coal sector was nationalised by the Government of India under Indira Gandhi. 2. Now, coal blocks are allocated on lottery basis. 3. Till recently, India imported coal to meet the shortages of domestic supply, but now India is self-sufficient in coal production. Which of the statements given above is/are correct?

A1 only
B2 and 3 only
C3 only
D1, 2 and 3
3Mediumprelims2 marks
Infrastructure & Industry

Consider the following statements: 1. Petroleum and Natural Gas Regulatory Board (PNGRB) is the first regulatory body set up by the Government of India. 2. One of the tasks of PNGRB is to ensure competitive markets for gas. 3. Appeals against the decisions of PNGRB go before the Appellate Tribunals for Electricity. Which of the statements given above are correct?

A1 and 2 only
B2 and 3 only
C1 and 3 only
D1, 2 and 3
4Easyprelims2 marks
National Income & Economic Growth

Consider the following statements: 1. Purchasing Power Parity (PPP) exchange rates are calculated by comparing the prices of the same basket of goods and services in different countries. 2. In terms of PPP dollars, India is the sixth-largest economy in the world. Which of the statements given above is/are correct?

A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
5Mediumprelims2 marks
Monetary Policy & Money Supply

The money multiplier in an economy increases with which one of the following?

AIncrease in the cash reserve ratio
BIncrease in the banking habit of the population
CIncrease in the statutory liquidity ratio
DIncrease in the population of the country
6Mediumprelims2 marks
Economic Planning & Five-Year Plans

With reference to India's Five-Year Plans, which of the following statements is/are correct? 1. From the Second Five-Year Plan, there was a determined thrust towards substitution of basic and capital good industries. 2. The Fourth Five-Year Plan adopted the objective of correcting the earlier trend of increased concentration of wealth and economic power. 3. In the Fifth Five-Year Plan, for the first time, the financial sector was included as an integral part of the Plan. Select the correct answer using the code given below.

A1 and 2 only
B2 only
C3 only
D1, 2 and 3
7Easyprelims2 marks
External Sector & Balance Of Payments

Consider the following statements: 1. Most of India's external debt is owed by governmental entities. 2. All of India's external debt is denominated in US dollars. Which of the statements given above is/are correct?

A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
8Mediumprelims2 marks
External Sector & Balance Of Payments

In the context of India, which of the following factors is/are contributor/contributors to reducing the risk of a currency crisis? 1. The foreign currency earnings of India's IT sector 2. Increasing the government expenditure 3. Remittances from Indians abroad Select the correct answer using the code given below.

A1 only
B1 and 3 only
C2 only
D1, 2 and 3
9Mediumprelims2 marks
International Trade & WTO

Among the following agricultural commodities imported by India, which one has been the highest in terms of value in the last five years?

ASpices
BFresh fruits
CPulses
DVegetable oils
10Mediumprelims2 marks
Infrastructure & Industry

With reference to the management of minor minerals in India, consider the following statements: 1. Sand is a 'minor mineral' according to the prevailing law in the country. 2. State Governments have the power to grant mining leases of minor minerals, but the powers regarding the formation of rules related to the grant of minor minerals lie with the Central Government. 3. State Governments have the power to frame rules to prevent illegal mining of minor minerals. Which of the statements given above is/are correct?

A1 and 3 only
B2 and 3 only
C3 only
D1, 2 and 3
11Mediumprelims2 marks
Human Development, Poverty & Employment Schemes

Consider the following statements: As per the Industrial Employment (Standing Orders) Central (Amendment) Rules, 2018 1. If rules for fixed-term employment are implemented, it becomes easier for the firms/companies to lay off workers. 2. No notice of termination of employment shall be necessary in the case of temporary workman. Which of the statements given above is/are correct?

A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
12Easyprelims2 marks
Banking & Financial Sector

The Chairmen of public sector banks are selected by the

ABanks Board Bureau
BReserve Bank of India
CUnion Ministry of Finance
DManagement of concerned bank
13Easyprelims2 marks
International Institutions & Reports

The Global Competitiveness Report is published by the

AInternational Monetary Fund
BUnited Nations Conference on Trade and Development
CWorld Economic Forum
DWorld Bank
14Mediumprelims2 marks
Digital Payments & Financial Inclusion

Consider the following statements: The Reserve Bank of India’s recent directives relating to ‘Storage of Payment System Data’, popularly known as data diktat, command the payment system providers that 1. They shall ensure that entire data relating to payment systems operated by them are stored in a system only in India. 2. They shall ensure that the systems are owned and operated by public sector enterprises. 3. They shall submit the consolidated system audit report to the Comptroller and Auditor General of India by the end of the calendar year. Which of the statements given above is/are correct?

A1 only
B1 and 2 only
C3 only
D1, 2 and 3
15Easyprelims2 marks
Human Development, Poverty & Employment Schemes

In a given year in India, official poverty lines are higher in some States than in others because

Apoverty rates vary from State to State
Bprice levels vary from State to State
CGross State Product varies from State to State
Dquality of public distribution varies from State to State
16Easyprelims2 marks
Banking & Financial Sector

The Service Area Approach was implemented under the purview of

AIntegrated Rural Development Programme
BLead Bank Scheme
CMahatma Gandhi National Rural Employment Guarantee Scheme
DNational Skill Development Mission
17Mediumprelims2 marks
External Sector & Balance Of Payments

Which one of the following is not the most likely measure the Government/RBI takes to stop the slide of Indian rupee?

ACurbing imports of non-essential goods and promoting exports
BEncouraging Indian borrowers to issue rupee-denominated Masala Bonds
CEasing conditions relating to external commercial borrowing
DFollowing an expansionary monetary policy
18Easyprelims2 marks
International Institutions & Reports

Which one of the following is not a sub-index of the World Bank’s ‘Ease of Doing Business Index’?

AMaintenance of law and order
BPaying taxes
CRegistering property
DDealing with construction permits
19Mediumprelims2 marks
International Institutions & Reports

With reference to Asian Infrastructure Investment Bank (AIIB), consider the following statements: 1. AIIB has more than 80 member nations. 2. India is the largest shareholder in AIIB. 3. AIIB does not have any members from outside Asia. Which of the statements given above is/are correct?

A1 only
B2 and 3 only
C1 and 3 only
D1, 2 and 3
20Easyprelims2 marks
Financial Markets & Capital Markets

Which of the following is issued by registered foreign portfolio investors to overseas investors who want to be part of the Indian stock market without registering themselves directly?

ACertificate of Deposit
BCommercial Paper
CPromissory Note
DParticipatory Note
21Mediumprelims2 marks
Agriculture & Rural Development

With reference to land reforms in independent India, which one of the following statements is correct?

AThe ceiling laws were aimed at family holdings and not individual holdings.
BThe major aim of land reforms was providing agricultural land to all the landless.
CIt resulted in cultivation of cash crops as a predominant form of cultivation.
DLand reforms permitted no exemptions to the ceiling limits.
22Mediumprelims2 marks
Banking & Financial Sector

What was the purpose of Inter-Creditor Agreement signed by Indian banks and financial institutions recently?

ATo lessen the Government of India's perennial burden of fiscal deficit and current account deficit
BTo support the infrastructure projects of Central and State Governments
CTo act as independent regulator in case of applications for loans of Rs. 50 crore or more
DTo aim at faster resolution of stressed assets of Rs. 50 crore or more which are under consortium lending
23Hardprelims2 marks
Agriculture & Rural Development

With reference to the cultivation of Kharif crops in India in the last five years, consider the following statements: 1. Area under rice cultivation is the highest. 2. Area under the cultivation of jowar is more than that of oilseeds. 3. Area of cotton cultivation is more than that of sugarcane. 4. Area under sugarcane cultivation has steadily decreased. Which of the statements given above are correct?

A1 and 3
B2 and 3
C2 and 4
D1, 2 and 4
24Easyprelims2 marks
Banking & Financial Sector

Which of the following is not included in the assets of a commercial bank in India?

AAdvances
BDeposits
CInvestments
DMoney at call and short notice
25Easyprelims2 marks
Human Development, Poverty & Employment Schemes

Atal Innovation Mission is set up under the

ADepartment of Science and Technology
BMinistry of Labour and Employment
CNITI Aayog
DMinistry of Skill Development and Entrepreneurship
26Mediumprelims2 marks
Human Development, Poverty & Employment Schemes

The economic cost of food grains to the Food Corporation of India is Minimum Support Price and bonus (if any) paid to the farmers plus

Atransportation cost only
Binterest cost only
Cprocurement incidentals and distribution cost
Dprocurement incidentals and charges for godowns
Economics — All Years|All Subjects