UPSC Economic Questions and Answers

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.

The Narasimham Committee had recommended the creation of Regional Rural Banks. Regional Rural Bank (RRB) is also known as a small man's bank. It...
The Government of India nationalized banks in 1969. The Government of India decided to nationalise the scheduled commercial banks having deposits...
The Nachiket Mor Committee mooted the idea of a Payments Bank. This Committee was set up in 2013. This Committee was also known as the Committee...
There were many benefits which accrued due to nationalisation of banks. Some of the benefits were improvement in the living standards, funds were...
The Goiporia Committee was set up in 1990 by the Reserve Bank of India (RBI). The Goiporia committee was given the mandate of exploring and...
State Bank of India (SBI) is the oldest bank in India. State Bank of India is also the largest bank in India. SBI was established as Bank of...
KJ Udeshi is the first woman to hold the position of Deputy Governor in the Reserve Bank of India (RBI). You can read about the RBI - Reserve...
The State Bank of India (SBI) was not nationalised in 1969. SBI was already nationalised in 1955. Prior to its nationalisation, SBI was known as...
No, CSB is not a nationalised bank. It is a privatised bank. It was established in 1920 and is headquartered in Thrissur, Kerala. You can read...
Advancing loans to the public and accepting deposits from the public is not the function of the Reserve Bank of India. You can read about the...
SIDBI was established for financing and promoting the Micro, Small and Medium Enterprise (MSME) sector. You can read about the SIDBI - Small...
Sivasubramanian Ramann is the current Chairman and Managing Director of Small and Industries Development Bank of India (SIDBI). SIDBI is...
The Reserve Bank of India (RBI) regulates the Small and Industries Development Bank of India (SIDBI). The other 3 all India financial...
SIDBI is a statutory body established in 1990 through an Act of Parliament. SIDBI functions under the Ministry of Finance, Government of India....
No, SIDBI is not listed. SIDBI is not traded on either the National Stock Exchange (NSE) or Bombay Stock Exchange (BSE). The largest shareholders...
State Bank of India is the largest shareholder in SIDBI at 16.73%. SBI is closely followed by the Government of India at 15.4%. The other...
The objectives of SIDBI are giving financial aid to MSMEs, refinancing banks and financial institutions, regulating the micro, small and medium...
SIDBI is one of the four All India Financial Institutions. It was established in 1990 through an Act of Parliament. All India Financial...
Sivasubramanian Ramann is the Chairman and Managing Director of Small Industries Development Bank of India (SIDBI). He is an Indian Audit &...
The bank which is owned by the Government of India is known as Nationalised bank. Nationalised banks are also known as public sector banks. You...