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UPSC Economics PYQs 2022 | Vaidra | Vaidra
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Economics UPSC PYQ 2022

38 questions from the UPSC 2022 examination.

38 questions

1Mediumprelims
Economics

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 platforms as market-places. 2. The degree to which they can own big sellers on their platforms is limited. Select the correct answer using the code given below:

A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
2Mediumprelims
Economics

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 financing is considered capital expenditure, while equity financing is considered revenue expenditure. Select the correct answer using the code given below:

A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
3Mediumprelims
Economics

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 Real Effective Exchange Rate (REER) indicates an improvement in trade competitiveness. 3. An increasing trend in domestic inflation relative to inflation in other countries is likely to cause an increasing divergence between NEER and REER. Which of the above statements are correct?

A1 and 2 only
B2 and 3 only
C1 and 3 only
D1, 2 and 3
4Mediumprelims
Economics

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 is rapidly depreciating, RBI is likely to sell dollars in the market. 3. If interest rates in the USA or European Union were to fall, that is likely to induce RBI to buy dollars. Which of the statements given above are correct?

A1 and 2 only
B2 and 3 only
C1 and 3 only
D1, 2 and 3
5Mediumprelims
Economics

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 platforms as market-places. 2. The degree to which they can own big sellers on their platforms is limited. Select the correct answer using the code given below:

A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
6Mediumprelims
Economics

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 protection to the investors from uncertainty regarding inflation. 3. The interest received as well as capital gains on IIBs are not taxable. Which of the statements given above are correct?

A1 and 2 only
B2 and 3 only
C1 and 3 only
D1, 2 and 3
7Mediumprelims
Economics

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 money to a trading company 4. A corporate body issuing Rupee Denominated Bonds overseas Select the correct answer using the code given below:

A1 and 2 only
B2, 3 and 4 only
C1, 3 and 4 only
D1, 2, 3 and 4
8Mediumprelims
Economics

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 financing is considered capital expenditure, while equity financing is considered revenue expenditure. Select the correct answer using the code given below:

A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
9Mediumprelims
Economics

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 protection to the investors from uncertainty regarding inflation. 3. The interest received as well as capital gains on IIBs are not taxable. Which of the statements given above are correct?

A1 and 2 only
B2 and 3 only
C1 and 3 only
D1, 2 and 3
10Mediumprelims
Economics

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 option to convert to equity affords the bondholder a degree of indexation to rising consumer prices. Which of the statements given above is/are correct?

A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
11Mediumprelims
Economics

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 Farmers Welfare. 3. The Tea Board's Head Office is situated in Bengaluru. 4. The Board has overseas offices at Dubai and Moscow. Which of the statements given above are correct?

A1 and 3
B2 and 4
C3 and 4
D1 and 4
12Mediumprelims
Economics

Which one of the following situations best reflects 'Indirect Transfers' often talked about in media recently with reference to India?

AAn Indian company investing in a foreign enterprise and paying taxes to the foreign country on the profits arising out of its investment
BA foreign company investing in India and paying taxes to the country of its base on the profits arising out of its investment
CAn Indian company purchases tangible assets in a foreign country and sells such assets after their value increases and transfers the proceeds to India
DA foreign company transfers shares and such shares derive their substantial value from assets located in India
13Mediumprelims
Economics

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. Brickwork Ratings is an Indian credit rating agency. Which of the statements given above are correct?

A1 and 2 only
B2 and 3 only
C1 and 3 only
D1, 2 and 3
14Mediumprelims
Economics

In India, which one of the following compiles information on industrial disputes, closures, retrenchments and lay-offs in factories employing workers?

ACentral Statistics Office
BDepartment for Promotion of Industry and Internal Trade
CLabour Bureau
DNational Technical Manpower Information System
15Mediumprelims
Economics

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 Captive Coal/Lignite blocks. 3. It hears any objection to the Government's notification relating to acquisition of coal-bearing areas. 4. It ensures that coal mining companies deliver the coal to end users in the prescribed time. Select the correct answer using the code given below:

A1, 2 and 3
B3 and 4 only
C1 and 2 only
D1, 2 and 4
16Mediumprelims
Economics

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 Real Effective Exchange Rate (REER) indicates an improvement in trade competitiveness. 3. An increasing trend in domestic inflation relative to inflation in other countries is likely to cause an increasing divergence between NEER and REER. Which of the above statements are correct?

A1 and 2 only
B2 and 3 only
C1 and 3 only
D1, 2 and 3
17Mediumprelims
Economics

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 money to a trading company 4. A corporate body issuing Rupee Denominated Bonds overseas Select the correct answer using the code given below:

A1 and 2 only
B2, 3 and 4 only
C1, 3 and 4 only
D1, 2, 3 and 4
18Mediumprelims
Economics

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. Brickwork Ratings is an Indian credit rating agency. Which of the statements given above are correct?

A1 and 2 only
B2 and 3 only
C1 and 3 only
D1, 2 and 3
19Mediumprelims
Economics

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 option to convert to equity affords the bondholder a degree of indexation to rising consumer prices. Which of the statements given above is/are correct?

A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
20Mediumprelims
Economics

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 for Public Sector Banks. 3. BBB helps the Public Sector Banks in developing strategies and capital raising plans. Select the correct answer using the code given below:

A1 and 2 only
B2 and 3 only
C1 and 3 only
D1, 2 and 3
21Mediumprelims
Economics

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 for Public Sector Banks. 3. BBB helps the Public Sector Banks in developing strategies and capital raising plans. Select the correct answer using the code given below:

A1 and 2 only
B2 and 3 only
C1 and 3 only
D1, 2 and 3
22Mediumprelims
Economics

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 is rapidly depreciating, RBI is likely to sell dollars in the market. 3. If interest rates in the USA or European Union were to fall, that is likely to induce RBI to buy dollars. Which of the statements given above are correct?

A1 and 2 only
B2 and 3 only
C1 and 3 only
D1, 2 and 3
23Mediumprelims
Economics

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 money to a trading company 4. A corporate body issuing Rupee Denominated Bonds overseas Select the correct answer using the code given below:

A1 and 2 only
B2, 3 and 4 only
C1, 3 and 4 only
D1, 2, 3 and 4
24Mediumprelims
Economics

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 market-related rates in auctions form a large component of internal debt. Which of the above statements is/are correct?

A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
25Mediumprelims
Economics

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. Brickwork Ratings is an Indian credit rating agency. Which of the statements given above are correct?

A1 and 2 only
B2 and 3 only
C1 and 3 only
D1, 2 and 3
26Mediumprelims
Economics

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 platforms as market-places. 2. The degree to which they can own big sellers on their platforms is limited. Select the correct answer using the code given below:

A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
27Mediumprelims
Economics

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 for Public Sector Banks. 3. BBB helps the Public Sector Banks in developing strategies and capital raising plans. Select the correct answer using the code given below:

A1 and 2 only
B2 and 3 only
C1 and 3 only
D1, 2 and 3
28Mediumprelims
Economics

Which one of the following situations best reflects "Indirect Transfers" often talked about in media recently with reference to India?

AAn Indian company investing in a foreign enterprise and paying taxes to the foreign country on the profits arising out of its investment
BA foreign company investing in India and paying taxes to the country of its base on the profits arising out of its investment
CAn Indian company purchases tangible assets in a foreign country and sells such assets after their value increases and transfers the proceeds to India
DA foreign company transfers shares and such shares derive their substantial value from assets located in India
29Mediumprelims
Economics

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 option to convert to equity affords the bondholder a degree of indexation to rising consumer prices. Which of the statements given above is/are correct?

A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
30Mediumprelims
Economics

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 market-related rates in auctions form a large component of internal debt. Which of the above statements is/are correct?

A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
31Mediumprelims
Economics

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 protection to the investors from uncertainty regarding inflation. 3. The interest received as well as capital gains on IIBs are not taxable. Which of the statements given above are correct?

A1 and 2 only
B2 and 3 only
C1 and 3 only
D1, 2 and 3
32Mediumprelims
Economics

In India, which one of the following is responsible for maintaining price stability by controlling inflation?

ADepartment of Consumer Affairs
BExpenditure Management Commission
CFinancial Stability and Development Council
DReserve Bank of India
33Mediumprelims
Economics

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 market-related rates in auctions form a large component of internal debt. Which of the above statements is/are correct?

A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
34Mediumprelims
Economics

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 financing is considered capital expenditure, while equity financing is considered revenue expenditure. Select the correct answer using the code given below:

A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
35Mediumprelims
Economics

"Rapid Financing Instrument" and "Rapid Credit Facility" are related to the provisions of lending by which one of the following?

AAsian Development Bank
BInternational Monetary Fund
CUnited Nations Environment Programme Finance Initiative
DWorld Bank
36Mediumprelims
Economics

'Rapid Financing Instrument' and 'Rapid Credit Facility' are related to the provisions of lending by which one of the following?

AAsian Development Bank
BInternational Monetary Fund
CUnited Nations Environment Programme Finance Initiative
DWorld Bank
37Mediumprelims
Economics

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 is rapidly depreciating, RBI is likely to sell dollars in the market. 3. If interest rates in the USA or European Union were to fall, that is likely to induce RBI to buy dollars. Which of the statements given above are correct?

A1 and 2 only
B2 and 3 only
C1 and 3 only
D1, 2 and 3
38Mediumprelims
Economics

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 Real Effective Exchange Rate (REER) indicates an improvement in trade competitiveness. 3. An increasing trend in domestic inflation relative to inflation in other countries is likely to cause an increasing divergence between NEER and REER. Which of the above statements are correct?

A1 and 2 only
B2 and 3 only
C1 and 3 only
D1, 2 and 3
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