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 national income of a country can be measured by three alternative methods: Product Method Income Method Expenditure Method Further...
The National Income is based on the economic activity of a country. By measuring the national income, the authorities can analyse the economic...
The value of goods and services produced by a country during a financial year contributes to its National Income. It is the net result of all...
The five metrics for measuring national income are: Gross Domestic Product (GDP) Net National Product (NNP) Gross National Product (GNP)...
United Nations Environment Program (UNEP) defines a green economy as low carbon, resource-efficient and socially inclusive. It promotes a...
The Multidimensional Poverty Index (MPI) is published by the UNDP’s Human Development Report Office and is based on 10 main indicators: Child...
As per the Global Green Economy Index released in 2016 by United Nations Environment Programme (UNEP), Sweden was declared the top-performing...
The Economic Survey of India is an annual document released by the Finance Ministry, Government of India and reviews the developments in the...
Capital Budget comprises capital receipts and capital expenditure. Capital receipts refer to borrowings, loans from a public or foreign...