There are lakhs of students who prepare each year for this Union Public Service Commission (UPSC) examination. While preparing for any exam, practising questions is a key to success. Therefore, in this article, we have curated the UPSC prelims economy question bank, which contains different questions from previous years. Practise Economics PYQ UPSC Prelims thoroughly to ace the examination.<\/p>\n\n\n\n\n\n\n
We have provided all Economics PYQ UPSC Prelims here. We have covered the years 2022 to 2020. Students can use these questions to determine the difficulty level as well as the types of questions they can expect in economics.We have also included a list of Important Topics for Economics for UPSC Prelims<\/p>\n\n\n\n
1.\u201cRapid Financing Instrument\u201d and \u201cRapid Credit Facility\u201d are related to the provisions of lending by which of the following:<\/p>\n\n\n\n
2. With reference to the Indian economy, consider the following statements:<\/p>\n\n\n\n
Which of the above statements are correct?<\/p>\n\n\n\n
(a) 1 and 2 only<\/p>\n\n\n\n
(b) 2 and 3 only<\/p>\n\n\n\n
(c) 1 and 3 only<\/p>\n\n\n\n
(d) 1, 2 and 3<\/p>\n\n\n\n
3. With reference to the Indian economy, consider the following statements:<\/p>\n\n\n\n
Which of the statements given above are correct?<\/p>\n\n\n\n
(a) 1 and 2 only<\/p>\n\n\n\n
(b) 2 and 3 only<\/p>\n\n\n\n
(c) 1 and 3 only<\/p>\n\n\n\n
(d) 1, 2 and 3<\/p>\n\n\n\n
1. The money multiplier in an economy increases with which one of the following?<\/p>\n\n\n\n
a) Increase in the Cash Reserve Ratio in the banks.
b) Increase in the Statutory Liquidity Ratio in the banks
c) Increase in the banking habit of the people
d) Increase in the population of the country<\/p>\n\n\n\n
2. With reference to the Indian economy, demand-pull inflation can be caused\/increased by which of the following?<\/p>\n\n\n\n
1. Expansionary policies
2. Fiscal stimulus
3. Inflation-indexing wages
4. Higher purchasing power
5. Rising interest rates<\/p>\n\n\n\n
Select the correct answer using the code given below.
a) 1, 2 and 4 only
b) 3, 4 and 5 only
c) 1, 2, 3 and 5 only
d) 1, 2, 3, 4 and 5<\/p>\n\n\n\n
3. With reference to India, consider the following statements:
1. Retail investors through Demat account can invest in Treasury Bills and Government of India Debt Bonds in the primary market
2. The \u201cNegotiated Dealing System-Ordering Matching\u201d is a government securities trading platform of the Reserve Bank of India.
3. The \u201cCentral Depository Services Ltd\u201d is jointly promoted by the Reserve Bank of India and the Bombay Stock Exchange.
Which of the statements given above is\/are correct?
a) 1 only
b) 1 and 2
c) 3 only
d) 2 and 3<\/p>\n\n\n\n
Also Read: <\/strong>How Many Questions in UPSC Prelims?<\/strong><\/a><\/p>\n\n\n\n 1. What is the importance of the term \u201cInterest Coverage Ratio\u201d of a firm in India?<\/p>\n\n\n\n (1)It helps in understanding the present risk of a firm that a bank is going to give a loan to.<\/p>\n\n\n\n (2) It helps in evaluating the emerging risk of a firm that a bank is going to give a loan to.<\/p>\n\n\n\n (3) The higher a borrowing firm\u2019s level of Interest Coverage Ratio, the worse is its ability to service its debt.<\/p>\n\n\n\n Select the correct answer using the code given below:<\/p>\n\n\n\n (a) 1 and 2 only<\/p>\n\n\n\n (b) 2 only<\/p>\n\n\n\n (c) 1 and 3 only<\/p>\n\n\n\n (d) 1, 2 and 3<\/p>\n\n\n\n 2.Which of the following factors\/policies were affecting the price of rice in India in the recent past?<\/p>\n\n\n\n (1) Minimum Support Price<\/p>\n\n\n\n (2) Government\u2019s trading<\/p>\n\n\n\n (3) Government\u2019s stockpiling<\/p>\n\n\n\n (4) Consumer subsidies<\/p>\n\n\n\n Select the correct answer using the code given below:<\/p>\n\n\n\n (a) 1, 2 and 4 only<\/p>\n\n\n\n (b) 1, 3 and 4 only<\/p>\n\n\n\n (c) 2 and 3 only<\/p>\n\n\n\n (d) 1, 2, 3 and 4<\/p>\n\n\n\n 3. Under the Kisan Credit Card scheme, short-term credit support is given to farmers for which of the following purposes?<\/p>\n\n\n\n (1) Working capital for maintenance of farm assets harvesters,<\/p>\n\n\n\n (2) Purchase of combine tractors and mini trucks requirements of farm<\/p>\n\n\n\n (3) Consumption households<\/p>\n\n\n\n (4) Post-harvest expenses<\/p>\n\n\n\n (5) Construction of family house and setting up of village cold storage facility<\/p>\n\n\n\n Select the correct answer using the code given below:<\/p>\n\n\n\n (a) 1, 2 and 5 only<\/p>\n\n\n\n (b) 1, 3 and 4 only<\/p>\n\n\n\n (c) 2,3,4 and 5 only<\/p>\n\n\n\n (d) 1, 2, 3, 4 and 5<\/p>\n\n\n\n Click here<\/strong><\/a> to download the full question bank for UPSC Prelims Economy.<\/strong><\/p>\n\n\n\n Also Read: <\/strong>How to Prepare for UPSC 2024 at Home?<\/strong><\/p>\n\n\n\n The UPSC exam places a great deal of importance on the Economics subject. Confusion about ideas, theories, and queries always acts as a constant barrier to the preparation of economics-related issues. The economics of any nation forms the basis for its expansion and advancement. As a prospective bureaucrat, you should be well-versed in the workings of the Indian economy. When preparing for the UPSC exams in Economics, keep the following principles in mind:<\/p>\n\n\n\n2020 Economics PYQ UPSC Prelims \ud83d\udcdd<\/h2>\n\n\n\n
How To Prepare Economics For UPSC?<\/h2>\n\n\n\n