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 Consumer Price Index (CPI) is calculated by the Central Statistics Office (CSO) which functions under the Ministry of Statistics and Program...
As of May 31, 2021 there are 97,006 rural cooperative banks in India.You can read about the List of Co-operative Banks in India in the given...
DCCB is regulated by the Reserve Bank of India, but DCCB’s are not operated by the Government.You can read about the List of Co-operative...
Central cooperative banks are private banks established with the objective of providing loans to cooperatives, individuals and others.You can...
Sir Frederic Nicholson is considered as the pioneer of the cooperative movement in India.You can read about the List of Co-operative Banks in...
Yes, home loans are non-financial debt.You can read about Loan Guarantee Scheme For COVID Affected Sectors - LGSCAS in the given link. Further...
No, a cooperative bank is not a private bank.You can read about the List of Co-operative Banks in India in the given link. Further readings:...
Non-financial debt comprises treasury bills, commercial loans, industrial loans. The issuers are non-financial. You can read about the Loan...
The district cooperative banks are regulated by the Reserve Bank of India (RBI).You can read about the List of Co-operative Banks in India in the...
Trade-Related Aspects of Intellectual Property Rights (TRIPS) is a World Trade Organisation (WTO) Agreement on Intellectual Property.You can read...
Giving adequate protection to intellectual property rights, reducing obstacles to international trade are some of the objectives of the TRIPS...
Monetary policy of India is under control of the Reserve Bank of India (RBI), it involves controlling the credit availability, control money...
Reserve Bank of India (RBI) regulates monetary policy in India.You can read about The Reserve Bank of India: Functions and Composition in the...
Maintaining price stability is the main objective of monetary policy in India.You can read about The Reserve Bank of India: Functions and...
Open market operations, discount rate, reserve requirements are the 3 tools of monetary policy.You can read about The Reserve Bank of India:...
The interest rate at which the Reserve Bank of India (RBI) lends money to scheduled commercial banks which are facing heavy shortage of liquidity...
The function of monetary policy is to control liquidity, growth, inflation by managing interest rates and supply of money.You can read about The...
The RBI monetary policy objectives are stability of Exchange Rate, maintaining growth in the economy, control of inflation or stability of...
The purpose of treasury bills is to reduce the overall fiscal deficit of the country. The Government of India gives out money market instruments...
High liquidity is the advantage of the call money market.You can read about Previous Years Economics Mains Questions for UPSC GS-3 in the given...