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UPSC Economics PYQs 2023 | Vaidra | Vaidra
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Economics UPSC PYQ 2023

34 questions from the UPSC 2023 examination.

34 questions

1Mediummains10 marks
Economics

Answer the following questions in about 150 words each : <!--qid:MAINS_2023_Economics-I_Q5-->

2Mediummains10 marks
Economics

Answer the following questions in about 150 words each : <!--qid:MAINS_2023_Economics-I_Q1-->

3Mediummains15 marks
Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment

What are the direct and indirect subsidies provided to farm sector in India? Discuss the issues raised by the World Trade Organization (WTO) in relation to agricultural subsidies. <!--qid:MAINS_2023_GS-III_Q14-->

4Mediumprelims2 marks
Infrastructure & Industry

With reference to coal-based thermal power plants in India, consider the following statements : 1. None of them uses seawater. 2. None of them is set up in water-stressed district. 3. None of them is privately owned. How many of the above statements are correct?

AOnly one
BOnly two
CAll three
DNone
5Mediumprelims2 marks
Human Development, Poverty & Employment Schemes

Consider the following statements in the context of interventions being undertaken under Anaemia Mukt Bharat Strategy : 1. It provides prophylactic calcium supplementation for pre-school children, adolescents and pregnant women. 2. It runs a campaign for delayed cord clamping at the time of child-birth. 3. It provides for periodic deworming to children and adolescents. 4. It addresses non-nutritional causes of anaemia in endemic pockets with special focus on malaria, hemoglobinopathies and fluorosis. How many of the statements given above are correct?

AOnly one
BOnly two
COnly three
DAll four
6Easyprelims2 marks
Financial Markets & Capital Markets

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 investments?

AOnly one
BOnly two
COnly three
DAll four
7Easyprelims2 marks
Monetary Policy & Money Supply

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

AConducting 'Open Market Operations'
BOversight of settlement and payment systems
CDebt and cash management for the Central and State Governments
DRegulating the functions of Non-banking Financial Institutions
8Mediumprelims2 marks
Infrastructure & Industry

Consider the following statements : Statement-I : India, despite having uranium deposits, depends on coal for most of its electricity production. Statement-II : Uranium, enriched to the extent of at least 60%, is required for the production of electricity. Which one of the following is correct in respect of the above statements?

ABoth Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
BBoth Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
CStatement-I is correct but Statement-II is incorrect
DStatement-I is incorrect but Statement-II is correct
9Mediummains10 marks
Land reforms in India

Dam failures are always catastrophic, especially on the downstream side, resulting in a colossal loss of life and property. Analyze the various causes of dam failures. Give two examples of large dam failures. <!--qid:MAINS_2023_GS-III_Q7-->

10Mediummains15 marks
Inclusive growth and issues arising from it

The adoption of electric vehicles is rapidly growing worldwide. How do electric vehicles contribute to reducing carbon emissions and what are the key benefits they offer compared to traditional combustion engine vehicles? <!--qid:MAINS_2023_GS-III_Q15-->

11Mediumprelims2 marks
Financial Markets & Capital 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?

AOnly one
BOnly two
COnly three
DAll four
12Mediumprelims2 marks
National Income & Economic Growth

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 dividend is taxable. Statement-II: InvITs are recognized as borrowers under the 'Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002'. Which one of the following is correct in respect of the above statements?

ABoth Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
BBoth Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
CStatement-I is correct but Statement-II is incorrect
DStatement-I is incorrect but Statement-II is correct
13Mediummains15 marks
Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment

Explain the changes in cropping pattern in India in the context of changes in consumption pattern and marketing conditions. <!--qid:MAINS_2023_GS-III_Q13-->

14Mediummains10 marks
Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment

State the objectives and measures of land reforms in India. Discuss how land ceiling policy on landholding can be considered as an effective reform under economic criteria. <!--qid:MAINS_2023_GS-III_Q4-->

15Mediummains15 marks
Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment

What are the internal security challenges being faced by India? Give out the role of Central Intelligence and Investigative Agencies tasked to counter such threats. <!--qid:MAINS_2023_GS-III_Q19-->

16Mediummains10 marks
Government Budgeting

Faster economic growth requires increased share of the manufacturing sector in GDP, particularly of MSMEs. Comment on the present policies of the Government in this regard. <!--qid:MAINS_2023_GS-III_Q1-->

17Mediumprelims2 marks
External Sector & Balance Of Payments

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 taken advantage of India's 'Production-linked Incentive' scheme. Which one of the following is correct in respect of the above statements?

ABoth Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
BBoth Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
CStatement-I is correct but Statement-II is incorrect
DStatement-I is incorrect but Statement-II is correct
18Mediummains10 marks
Economics

Answer the following questions in about 150 words each: <!--qid:MAINS_2023_Economics-II_Q1-->

19Mediumprelims2 marks
Fiscal Policy & Budget

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 Union 2. makes the countries of the European Union to share their infrastructure facilities 3. enables the countries of the European Union to share their technologies How many of the above statements are correct?

AOnly one
BOnly two
CAll three
DNone
20Mediumprelims2 marks
National Income & Economic Growth

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 investments in plant and machinery between 15 crore and 25 crore. 2. All bank loans to the Micro, Small and Medium Enterprises qualify under the priority sector. Which of the statements given above is/are correct?

A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
21Easyprelims2 marks
Financial Markets & Capital Markets

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

Athe process of simultaneous buying and selling of an asset from different platforms
Ban investment strategy of a portfolio manager to balance risk versus reward
Ca type of systemic risk that arises where perfect hedging is not possible
Da numeric value that measures the fluctuations of a stock to changes in the overall stock market
22Mediumprelims2 marks
Banking & Financial Sector

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 digital currency can be distributed with a condition programmed into it such as a time-frame for spending it. Which of the statements given above is/are correct?

A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
23Mediummains10 marks
Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment

How does e-Technology help farmers in production and marketing of agricultural produce? Explain it. <!--qid:MAINS_2023_GS-III_Q3-->

24Mediummains10 marks
Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment

What is the status of digitalization in the Indian economy? Examine the problems faced in this regard and suggest improvements. <!--qid:MAINS_2023_GS-III_Q2-->

25Mediummains15 marks
Inclusive growth and issues arising from it

The Intergovernmental Panel on Climate Change (IPCC) has predicted a global sea level rise of about one metre by AD 2100. What would be its impact in India and the other countries in the Indian Ocean region? <!--qid:MAINS_2023_GS-III_Q18-->

26Mediummains15 marks
Inclusive growth and issues arising from it

Most of the unemployment in India is structural in nature. Examine the methodology adopted to compute unemployment in the country and suggest improvements. <!--qid:MAINS_2023_GS-III_Q11-->

27Mediummains15 marks
Inclusive growth and issues arising from it

Comment on the National Wetland Conservation Programme initiated by the Government of India and name a few India’s wetlands of international importance included in the Ramsar Sites. <!--qid:MAINS_2023_GS-III_Q17-->

28Mediumprelims2 marks
International Trade & WTO

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 the world. Which one of the following is correct in respect of the above statements?

ABoth Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
BBoth Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
CStatement-I is correct but Statement-II is incorrect
DStatement-I is incorrect but Statement-II is correct
29Mediumprelims2 marks
Banking & Financial Sector

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 SHG, all members of a group take responsibility for a loan that an individual member takes. 3. The Regional Rural Banks and Scheduled Commercial Banks support SHGs. How many of the above statements are correct?

AOnly one
BOnly two
CAll three
DNone
30Mediummains10 marks
Economics

Answer the following questions in about 150 words each: <!--qid:MAINS_2023_Economics-II_Q5-->

31Mediummains10 marks
Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment

Discuss several ways in which microorganisms can help in meeting the current fuel shortage. <!--qid:MAINS_2023_GS-III_Q6-->

32Mediumprelims2 marks
Monetary Policy & Money Supply

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 assume that they have the ability to counteract the rising consumer prices via monetary policy means. Which one of the following is correct in respect of the above statements?

ABoth Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
BBoth Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
CStatement-I is correct but Statement-II is incorrect
DStatement-I is incorrect but Statement-II is correct
33Mediummains15 marks
Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment

Give out the major sources of terror funding in India and the efforts being made to curtail these sources. In the light of this, also discuss the aim and objective of the ‘No Money for Terror (NMFT)’ Conference recently held at New Delhi in November 2022. <!--qid:MAINS_2023_GS-III_Q20-->

34Mediummains15 marks
Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment

Distinguish between ‘care economy’ and ‘monetized economy’. How can care economy be brought into monetized economy through women empowerment? <!--qid:MAINS_2023_GS-III_Q12-->

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