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UPSC Economics PYQs 2024 | Vaidra | Vaidra
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Economics UPSC PYQ 2024

33 questions from the UPSC 2024 examination.

33 questions

1Mediumprelims2 marks
Agriculture & Rural Development

With reference to the Digital India Land Records Modernisation Programme, consider the following statements : 1. To implement the scheme, the Central Government provides 100% funding. 2. Under the Scheme, Cadastral Maps are digitised. 3. An initiative has been undertaken to transliterate the Records of Rights from local language to any of the languages recognized by the Constitution of India. Which of the statements given above are correct?

A1 and 2 only
B2 and 3 only
C1 and 3 only
D1, 2 and 3
2Mediummains10 marks
Economics

Answer the following questions in about 150 words each: <!--qid:MAINS_2024_Economics-I_Q5-->

3Mediummains10 marks
Economics

Answer the following questions in about 150 words each: <!--qid:MAINS_2024_Economics-I_Q1-->

4Mediummains10 marks
Inclusive growth and issues arising from it

Industrial pollution of river water is a significant environmental issue in India. Discuss the various mitigation measures to deal with this problem and also the government’s initiatives in this regard. <!--qid:MAINS_2024_GS-III_Q7-->

5Mediummains10 marks
Economics

Answer the following questions in about 150 words each : 10×5 = 50 <!--qid:MAINS_2024_Economics-II_Q5-->

6Mediumprelims2 marks
Agriculture & Rural Development

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?

AOnly one
BOnly two
COnly three
DAll four
7Mediumprelims2 marks
International Institutions & Reports

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 receive payment. Statement-II: The USA Government debt is not backed by any hard assets, but only by the faith of the Government. Which one of the following is correct in respect of the above statements?

ABoth Statement-I and Statement-II are correct and Statement-II explains Statement-I
BBoth Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
CStatement-I is correct, but Statement-II is incorrect
DStatement-I is incorrect, but Statement-II is correct
8Mediumprelims2 marks
Financial Markets & Capital Markets

With reference to the Indian economy, 'Collateral Borrowing and Lending Obligations' are the instruments of:

ABond market
BForex market
CMoney market
DStock market
9Mediummains15 marks
Major crops-cropping patterns in various parts of the country; different types of irrigation and irrigation systems

What are the major challenges faced by Indian irrigation system in recent times? State the measures taken by the government for efficient irrigation management. <!--qid:MAINS_2024_GS-III_Q13-->

10Mediumprelims2 marks
Banking & Financial 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 owned banking subsidiaries in India. 2. 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?

A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
11Mediummains15 marks
Inclusive growth and issues arising from it

What are asteroids? How real is the threat of them causing extinction of life? What strategies have been developed to prevent such a catastrophe? <!--qid:MAINS_2024_GS-III_Q16-->

12Mediummains10 marks
Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment

Explain the role of millets for ensuring health and nutritional security in India. <!--qid:MAINS_2024_GS-III_Q4-->

13Mediummains10 marks
Inclusive growth and issues arising from it

What role do environmental NGOs and activists play in influencing Environmental Impact Assessment (EIA) outcomes for major projects in India? Cite four examples with all important details. <!--qid:MAINS_2024_GS-III_Q8-->

14Mediumprelims2 marks
Infrastructure & Industry

The total fertility rate in an economy is defined as:

Athe number of children born per 1000 people in the population in a year.
Bthe number of children born to a couple in their lifetime in a given population.
Cthe birth rate minus death rate.
Dthe average number of live births a woman would have by the end of her child-bearing age.
15Mediumprelims2 marks
Human Development, Poverty & Employment Schemes

With reference to the Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) Yojana, consider the following statements : 1. The entry age group for enrolment in the scheme is 21 to 40 years. 2. Age specific contribution shall be made by the beneficiary. 3. Each subscriber under the scheme shall receive a minimum pension of ₹ 3,000 per month after attaining the age of 60 years. 4. Family pension is applicable to the spouse and unmarried daughters. Which of the statements given above is/are correct?

A1, 3 and 4
B2 and 3 only
C2 only
D1, 2 and 4
16Mediumprelims2 marks
International Trade & WTO

Consider the following statements: Statement-I: India does not import apples from the United States of America. Statement-II: In India, the law prohibits the import of Genetically Modified food without the approval of the competent authority. Which one of the following is correct in respect of the above statements?

ABoth Statement-I and Statement-II are correct and Statement-II explains Statement-I
BBoth Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
CStatement-I is correct, but Statement-II is incorrect
DStatement-I is incorrect, but Statement-II is correct
17Mediumprelims2 marks
Monetary Policy & Money Supply

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 appears as a liability on the RBI's balance sheet. 3. It is insured against inflation by its very design. 4. It is freely convertible against commercial bank money and cash. Which of the statements given above are correct?

A1 and 2 only
B1 and 3 only
C2 and 4 only
D1, 2 and 4
18Mediumprelims2 marks
Infrastructure & Industry

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 employees will not be considered as CSR activities. 2. CSR rules do not specify minimum spending on CSR activities. Which of the statements given above is/are correct?

A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
19Easyprelims2 marks
Financial Markets & Capital 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 given below:

A1 and 2 only
B2 and 3 only
C1 and 3 only
D1, 2 and 3
20Mediummains10 marks
Government Budgeting

What are the causes of persistent high food inflation in India? Comment on the effectiveness of the monetary policy of the RBI to control this type of inflation. <!--qid:MAINS_2024_GS-III_Q2-->

21Mediummains15 marks
Major crops-cropping patterns in various parts of the country; different types of irrigation and irrigation systems

Elucidate the importance of buffer stocks for stabilizing agricultural prices in India. What are the challenges associated with the storage of buffer stock? Discuss. <!--qid:MAINS_2024_GS-III_Q14-->

22Mediumprelims2 marks
Agriculture & Rural Development

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 | Tertiary 4. Weaving cloth | Secondary How many of the pairs given above are correctly matched?

AOnly one
BOnly two
COnly three
DAll four
23Mediummains10 marks
Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment

What is the present world scenario of intellectual property rights with respect to life materials? Although India is second in the world to file patents, still only a few have been commercialized. Explain the reasons behind this less commercialization. <!--qid:MAINS_2024_GS-III_Q5-->

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

What is the technology being employed for electronic toll collection on highways? What are its advantages and limitations? What are the proposed changes that will make this process seamless? Would this transition carry any potential hazards? <!--qid:MAINS_2024_GS-III_Q6-->

25Mediummains15 marks
Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment

What is the need for expanding the regional air connectivity in India? In this context, discuss the government’s UDAN Scheme and its achievements. <!--qid:MAINS_2024_GS-III_Q12-->

26Easyprelims2 marks
Financial Markets & Capital Markets

Consider the following: 1. Exchange-Traded Funds (ETF) 2. Motor vehicles 3. Currency swap Which of the above is/are considered financial instruments?

A1 only
B2 and 3 only
C1, 2 and 3
D1 and 3 only
27Mediumprelims2 marks
Infrastructure & Industry

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/lump sum of funds, but cannot be a credit line. Which one of the following is correct in respect of the above statements?

ABoth Statement-I and Statement-II are correct and Statement-II explains Statement-I
BBoth Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
CStatement-I is correct, but Statement-II is incorrect
DStatement-I is incorrect, but Statement-II is correct
28Mediummains15 marks
Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment

The world is facing an acute shortage of clean and safe freshwater. What are the alternative technologies which can solve this crisis? Briefly discuss any three such technologies citing their key merits and demerits. <!--qid:MAINS_2024_GS-III_Q15-->

29Mediummains15 marks
Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment

Discuss the merits and demerits of the four ‘Labour Codes’ in the context of labour market reforms in India. What has been the progress so far in this regard? <!--qid:MAINS_2024_GS-III_Q11-->

30Mediummains10 marks
Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment

What were the factors responsible for the successful implementation of land reforms in some parts of the country? Elaborate. <!--qid:MAINS_2024_GS-III_Q3-->

31Mediummains10 marks
Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth

Examine the pattern and trend of public expenditure on social services in the post-reforms period in India. To what extent has this been in consonance with achieving the objective of inclusive growth? <!--qid:MAINS_2024_GS-III_Q1-->

32Mediumprelims2 marks
Monetary Policy & Money Supply

Consider the following statements: 1. In India, Non-Banking Financial Companies can access the Liquidity Adjustment Facility window of the Reserve Bank of India. 2. In India, Foreign Institutional Investors can hold the Government Securities (G-Secs). 3. In India, Stock Exchanges can offer separate trading platforms for debts. Which of the statements given above is/are correct?

A1 and 2 only
B3 only
C1, 2 and 3
D2 and 3 only
33Mediummains10 marks
Economics

Answer the following questions in about 150 words each : 10×5 = 50 <!--qid:MAINS_2024_Economics-II_Q1-->

Economics — All Years|All Subjects