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.

Digital India was launched in India on 1st July, 2015. As part of the 2015-16 budget, Rs 2510 crore was allocated to Digital India. Digital India...
The Micro, Small and Medium Enterprises (MSME) are classified in two classes i.e. Service Enterprises and Manufacturing Enterprises as per Micro,...
The MSME has a very important role in contributing to the GDP of the nation by generating a massive number of employment and by supporting large...
The Make in India initiative was launched in September 2014. It was launched to promote India as the most preferred global manufacturing...
The 4 pillars of Make in India initiative are New Mindset, New Sectors, New Infrastructure, and New Processes. Hence, the Make in India...
The Companies Act 2013 was introduced to improve corporate governance and ease the process of doing business in India by providing...
Initially the Company Act was enacted in 1956. It went through several amendments. The next Company Act was enacted by the Parliament of India...
The value of Money multiplier = 1/LRR = 1/0.1 = 10. You can read about the Money Supply in Economy - Types of Money, Monetary Aggregates, Money...
If a person invests 100 US Dollars in bitcoin then there is a possibility of making profit or loss because it is a financial digital asset. You...
The Indian Companies Act 1956, was an Act passed in the Parliament of India in 1956. This Act provides information related to formation of...
As per notification of the Ministry of Corporate Affairs (MCA), the Companies Act of 1956 was repealed from 30th January 2019. The Companies Act...
The Companies Act was first passed in the Parliament of India in 1956. It was amended in 1988, 1990, 1996, 2000, 2011 and 2013. You can read...
The Companies Act 2013 was passed by the Parliament of India. The President of India gave the assent for the Companies Act on 29th August 2013....
It is an Act to consolidate and amend the law relating to companies. This Act allows the Union Government to legislate the functioning,...
The main purpose of the Companies Act 1956 is to legislate the functioning, financing, formation and dissolution of companies. Some sections of...
The Companies Act of 1956 was partially replaced by the Companies Act of 2013 after receiving assent from the President of India. There were 658...
The Companies Act 1956 was amended on numerous occasions in 1988, 1990, 1996, 2000, 2011. A new Companies Act, 2013 was passed in Parliament of...
The Companies Act of 2013 has 464 sections and 7 schedules. The Companies Act of 1956 had 658 sections and 15 schedules. As per Companies Act of...
The Companies Act of 1989 refers to the laws related to company’s in the United Kingdom. This Act had introduced amendments to several acts...
The definition of company, existing company, public company, private company are given under Section 3 of the Companies Act, 1956. Public company...