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.

All eight goals had different indicators. The table given below mentions the list of 8 MDGs along with their indicators: Millennium...
Social development is about the overall improvement in the well-being of every individual in society so they can reach their full potential. For...
Unemployment and low income are one of the best examples to understand socio-economic development. If the unemployment rate is high, people have...
A few social-economic factors are as follows: Income Gender Education Employment Community Safety Further Reading: Economic Growth...
The economy and society are interdependent on each other. If the economy grows, it automatically reflects in the growth of society as a whole....
The 8 Millennium Development Goals of the United Nations are: Eradicate extreme poverty and hunger Achieve universal primary education...
The Millennium Development Goals were eight international development goals set by the United Nations Organisation. The United Nations Millennium...
The UN Member states had signed the United Nations Millennium Declaration with an aim to combat poverty, hunger, disease, illiteracy,...
The bankruptcy code is a one stop solution for resolving insolvencies. It is the bankruptcy law of India which seeks to consolidate the existing...
Bankruptcy is a legal status and insolvency is a situation. If an organisation is insolvent, it means the entity is incapable of paying the...
No, insolvency does not mean bankruptcy. Insolvency does not necessarily lead to bankruptcy. Bankruptcy is a legal status and insolvency is a...
Atmanirbhar Bharat Mission focuses on improving the Indian economy by improving manufacturing, supply, and demand. It is the mission started by...
The new initiatives for Make in India are Industrial Corridors and 21 new nodal industries will be developed. Amritsar Kolkata Industrial...
After the start of the Make in India initiative many projects have been undertaken. Make in India focuses on 25 different sectors. Some of the...
There are many schemes under the Make in India initiative which are directed towards the Micro, Small and Medium Enterprises (MSME) sector which...
Lion is the symbol of Make in India. This logo was inspired by the Ashoka Chakra, to represent India’s success in all spheres. You can read...
The main aim of the Make in India initiative is to make India a global manufacturing hub by encouraging domestic as well as international...
The vision of Make in India is important because it strives to increase the Manufacturing sector’s contribution in GDP to 25% in a time...
The Make in India was started by the Prime Minister of India in September 2014. It was designed to transform India into a global manufacturing...
Piruz Khambatta, the Chairman of Rasna was named as the brand ambassador of Make in India. The brand ambassador wanted to increase the purchase...