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.

There are no intermediaries when the bitcoins are transferred from peer-to-peer over the bitcoin network. All the bitcoin transactions are...
Bitcoin can be used to buy Xbox games, book hotels on expedia. Bitcoins can be exchanged for services, products and other currencies. You can...
Profit shifting is a tax strategy used by Multinational companies. In this strategy, multinational companies make profits in one country and...
Yes, bitcoins are safe, but no investments are completely free of risks. Bitcoins are legal. There is no governing body to protect investments in...
The tax strategy deployed by multinational companies which involves shifting taxable profits to low tax countries from high tax countries with...
Multilateral instruments are one of the elements in the Base Erosion and Profit Shifting (BEPS) project of the Organisation for Economic...
Yes, India is a part of the Base Erosion and Profit Shifting (BEPS) project of the Organisation for Economic Cooperation and Development (OECD)....
The countries which charge very low tax rates when compared to other countries are known as tax haven countries. Tax haven countries share very...
Corporate profit shifting is the tax strategy used by multinational companies to reduce their taxes. It involves shifting their taxable profits...
One of the four minimum standards of the Base Erosion and Profit Shifting (BEPS) project is BEPS Action 5. The Organisation for Economic...
Manufacturing zones are the zones or properties which are used for manufacturing activities and the permit is given through a zoning ordinance....
The National Manufacturing policy was formulated by the Government to increase the share of the manufacturing sector in the GDP. It aims to...
The Financial Stability Board is the global body which gives recommendations and monitors the global financial system.Financial Stability Forum...
Financial stability is a situation when the financial system is able to withstand even when the economic situation is not good. It is a situation...
The aim of financial stability is to prevent phenomena which could result in destabilisation of the economy. You can read about the Financial...
Financial Stability will help in maintaining the levels of employment, managing financial risks, will help in efficient allocation of resources....
With the intention of avoiding paying tax, tax strategies are used by multinational companies by exploiting the loopholes in the tax rules. This...
The use of tax planning and financial measures to decrease the size of the company’s taxable profits in a country is known as base erosion....
No, Profit shifting is not illegal. It is a tax planning strategy used by multinational companies by using the loopholes in the taxation system....
The financial stability report of the Reserve Bank of India (RBI) throws light on the assessment done by the sub committee of Financial Stability...