UPSC Economic Questions and Answers

The civil services exam is one of the toughest examinations conducted in the country, and economy questions constitute a major of the two written phases of the examination. At BYJU’S we bring to you a compiled list of Economy questions along with answers that are suitable from the prelims and mains perspective.

These answers have been provided by UPSC experts for the candidate’s assistance, without any indirect or ambiguous information. Questions based on sustainable development, GDP, economic growth, taxation, etc. are included in the economy syllabus and the list of questions provided below will focus on the same.

The compiled list of questions given below comes with straightforward and crisp answers, with the IAS mains General Studies-III paper syllabus as the focal point. Aspirants can refer to these questions and answers and familiarize themselves with the depth of important economic topics as per the UPSC Syllabus.

Balance of Payment is the accounting of a nations’ monetary transactions with other countries over a particular time period. You can read...
Balance of Payment of a country is the difference between the inflow of money into the country from the rest of the world and outflow of the...
The 3 main types or components of Balance of Payment are financial account, capital account and current account. Financial account deals with...
The National Infrastructure Pipeline was launched for the fiscal period 2019 to 2025. It aims to improve the quality of life by providing world...
The National Infrastructure Pipeline was was first announced in 2019 by the Prime Minister of India, Narendra Modi. The task force submitted...
The Gatishakti scheme was first announced by the Prime Minister of India in the 15th August Independence Day speech in 2021. It is a Rs 100 lakh...
Many infrastructure projects were proposed under the Budget 2021, some of them are - allocation of Rs 30,000 crores for rural infrastructure,...
The National Infrastructure Masterplan known as GatiShakti is a digital platform to synergise the project planning work of different ministries...
InvITs are Infrastructure Investment Trusts. To help companies monetise revenue generating real infrastructure assets such as power grids,...
To generate interest in investments, and to provide a ready list of assets to the interested investors, a National Monetary Policy was announced...
For developing holistic infrastructure, the PM Gatishakti Master plan was launched by the Prime Minister. It is a 100 lakh crore project. You can...
The Ministry of Statistics and Programme Implementation (MOS&PI) keeps a tab on the performance of 11 key infrastructure sectors - Telecom,...
When a company is not able to make payments to its creditors or meet its financial obligations, the organisation will file for bankruptcy. In...
The purpose of Insolvency and Bankruptcy Code (IBC) was to solve the massive problem of bad loans that was troubling the banking system of India....
The significance of the Insolvency and Bankruptcy Code Amendment Ordinance 2021 was to amend the Insolvency and Bankruptcy Code 2016. This new...
The new bankruptcy law in UAE will help businesses and organisations to overcome the credit challenges arising from emergency situations. This is...
The Insolvency and Bankruptcy Code 2021 Amendment Bill was introduced to bring in a few changes related to an easy and efficient way of...
The National Infrastructure Pipeline (NIP) for FY 2019-25 is a Government exercise to improve world class infrastructure in India. India has an...
The United Nations Organisation sets forth a few measures that can be taken by individuals in order to achieve the sustainable development goals:...
The total number of indicators listed in the global indicator framework of SDG indicators is 247. However, a few indicators are repeated under...

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