UPSC Economy Questions

309 questions with explanations

The term 'Domestic Content Requirement' is sometimes seen in the news with reference to:

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Who among the following can join the National Pension System (NPS)?

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What is the purpose of setting up Small Finance Banks (SFBs) in India? 1. To supply credit to small business units 2. To supply credit to small and marginal far…

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Which of the following is a most likely consequence of implementing the 'Unified Payments Interface (UPI)'?

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Which of the following statements best describes the term 'Scheme for Sustainable Structuring of Stressed Assets (S4A)', recently seen in the news?

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Which of the following have occurred in India after its liberalization of economic policies in 1991? 1. Share of agriculture in GDP increased enormously. 2. Sha…

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The Global Infrastructure Facility is a/an

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With reference to the 'National Intellectual Property Rights Policy', consider the following statements: 1. It reiterates India's commitment to the Doha Develop…

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With reference to 'National Investment and Infrastructure Fund', which of the following statements is/are correct? 1. It is an organ of NITI Aayog. 2. It has a …

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Consider the following statements: 1. Tax revenue as a per cent of GDP of India has steadily increased in the last decade. 2. The fiscal deficit as a per cent o…

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Consider the following statements: 1. Tax revenue as a per cent of GDP of India has steadily increased in the last decade. 2. The fiscal deficit as a per cent o…

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What is/are the most likely advantages of implementing 'Goods and Services Tax (GST)'? 1. It will replace multiple taxes collected by multiple authorities and w…

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What is the purpose of setting up of Small Finance Banks (SFBs) in India? 1. To supply credit to small business units 2. To supply credit to small and marginal …

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Which of the following statements is/are correct regarding the 'Monetary Policy Committee (MPC)? 1. It decides the RBI's benchmark interest rates. 2. It is a 12…

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Consider the following statements: 1. India has ratified the Trade Facilitation Agreement (TFA) of WTO. 2. TFA is a part of WTO’s Bali Ministerial Package of 20…

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Consider the following statements: 1. India has ratified the Trade Facilitation Agreement (TFA) of WTO. 2. TFA is a part of WTO’s Bali Ministerial Package of 20…

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The term ‘Base Erosion and Profit Shifting’ is sometimes seen in the news in the context of:

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Recently, which one of the following currencies has been proposed to be added to the basket of IMF’s SDR?

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There has been a persistent deficit budget year after year. Which action/actions of the following can be taken by the government to reduce the deficit? 1. Reduc…

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Which of the following is/are included in the capital budget of the Government of India? 1. Expenditure on acquisition of assets like roads, buildings, machiner…

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