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Economy UPSC PYQs

Master Economy by practicing past year questions. Discover your strong and weak topics.

General

Consider the following statements about the Non-Banking Financial Companies (NBFCs) in India: 1. NBFCs cannot accept demand deposits. 2. All the NBFCs operating in India have to be registered with the RBI. 3. NBFCs form part of the payment and settlement system and can issue cheque drawn on itself. 4. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation (DICGC) is not available to the depositors of deposit taking NBFCs.

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General

Mr. X, a Joint Secretary in the Ministry of Health, was tasked with implementing a nationwide vaccination programme. He had to ensure that vaccines reach remote rural areas in a timely manner, despite limited resources and logistical challenges. He decided to delegate authority to State health officials while ensuring strict monitoring through real-time data tracking. He also imposed financial penalties on contractors failing to meet deadlines. This action of Mr. X most appropriately reflects which of the following principles of public administration?

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General

Which of the following statements with regard to Persons with Disabilities in India is/are correct? 1. The Rights of Persons with Disabilities Act, 2018 enabled India to fulfil the obligations to the United Nations Convention on the Rights of Persons with Disabilities (UNCRPD), which it ratified in 2007. 2. Sugamya Bharat Abhiyan, launched in 2015, was a campaign for accessibility for the Persons with Disabilities. 3. The National Divyangjan Finance and Development Corporation (NDFDC) is an autonomous body under the Ministry of Social Justice and Empowerment.

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General

Which one of the following best describes the key objective of India's 'Open Network for Digital Commerce' (ONDC) initiative?

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General

An e-commerce revenue model where the seller has control over pricing but doesn't keep products in stock and instead transfers customer orders and shipment details to a third-party supplier, who then ships the goods directly to the customer, is called:

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General

In what way(s) does the Vizhinjam International Seaport represent a structural shift in India's maritime trade and logistics policy? 1. By functioning exclusively as a domestic cargo hub to reduce reliance on coastal shipping and eliminate the need for foreign collaborations. 2. By focusing primarily on passenger cruise tourism and heritage shipping to increase Kerala's profile as a maritime heritage destination. 3. By leveraging its natural deep draft and strategic location to reduce dependence on foreign trans-shipment ports, enhance revenue retention, and reposition India in regional maritime trade.

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General

Consider the following statements with reference to the Sagarmala Programme of the Government of India: I. The Sagarmala Programme seeks to achieve port-led economic growth through cost-effective and sustainable coastal infrastructure. II. The success of the Sagarmala Programme is reflected in significant growth in coastal and inland waterway shipping, along with improved global port rankings. III. Sagarmala 2.0 aims to position India as a global maritime innovation hub aligned with Atmanirbhar Bharat and Viksit Bharat 2047 visions. Which of the following relationships among the above statements is/are correct? 1. Statement II validates the effectiveness of the strategies envisioned in statement I. 2. Statement III extends the objectives of statement I by embedding them into a future-oriented innovation framework. 3. Statement I contradicts statement III by focusing only on traditional infrastructure instead of modern innovation.

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General

The artificially fixed rupee-sterling exchange rate prescribed by the Hilton-Young Commission (1926) was adopted by the British Government for which one of the following reasons?

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General

Which one of the following best describes the 'Crowding Out Effect' in the context of fiscal policy?

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General

Consider the following statements regarding the British policy in Awadh immediately after its annexation in 1856: 1. The *taluqdars* were dispossessed of their estates but allowed to retain their arms and forts. 2. A Summary Revenue Settlement was made in 1856 assuming that the *taluqdars* were outsiders. 3. The British believed in taking revenue directly from the peasants by removing the *taluqdars*.

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General

Which of the following statements about Crowdfunding is/are correct? 1. Crowdfunding is solicitation of funds (small amount) from multiple investors through a web-based platform or social networking site for a specific project. 2. Small and Medium Enterprises (SMEs) are able to raise funds at lower cost of capital without undergoing rigorous procedures.

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General

Which of the following statements about insurance in aviation sector is/are correct? 1. 'Aviation Hull Insurance' covers the physical aircraft, including the body, engine, and on-board equipment. 2. Under the Montreal Convention, adopted in 1999 by over 130 countries, including India, airlines are strictly liable to pay compensation to the family/nominee of every deceased passenger without requiring the family to prove fault.

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General

Which of the following statements about M1xchange's role in Micro, Small & Medium Enterprises (MSMEs) financing is/are correct? 1. M1xchange provides collateral based loans to MSMEs. 2. M1xchange facilitates discounting of invoices and Bills of Exchange for MSMEs. 3. M1xchange functions as a credit rating agency for MSMEs.

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General

Which one of the following statements about Unified Payments Interface (UPI) and Central Bank Digital Currency (Digital Rupee) is **not** correct?

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General

Which one of the following correctly represents the three key sub-indices of the Financial Inclusion Index (FI-Index) of the Reserve Bank of India (RBI)?

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General

Match List I with List II and select the answer using the code given below the Lists: | List I (Investigative Agency) | List II (Ministry of Government of India under which the agency operates) | |---|---| | A. Central Economic Intelligence Bureau (CEIB) | 1. Ministry of Corporate Affairs | | B. Serious Fraud Investigation Office (SFIO) | 2. Ministry of Personnel, Public Grievances and Pension | | C. Central Bureau of Investigation (CBI) | 3. Ministry of Finance |

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General

Consider the following statements: I. Pali texts contain the first definite references to coins, e.g., *kahapana, nikkha, kamsa,* and *kakanika*. II. The literary evidence from Pali texts is corroborated by archaeological evidence of punch-marked coins from many sites, most of them made of silver. The above statements have been associated with which of the following? 1. Emergence of urban life 2. Transition to money economy

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