UPSC CSE · General Studies · UPSC · 2022–2025

Economics — UPSC CSE General Studies PYQs

69 questions from this chapter, asked in 4 UPSC CSE exams between 2022–2025.

69questions
4UPSC CSE exams
2022–2025years covered

Questions asked per year

Practice questions first 10 of 69 — free

Q1MCQ2025

With reference to investments, consider the following :
I. Bonds
II. Hedge Funds
III. Stocks
IV. Venture Capital
How many of the above are treated as Alternative Investment Funds?

(A)Only one
(B)Only two
(C)Only three
(D)All the four
Q2MCQ2025

Which of the following are the sources of income for the Reserve Bank of India?
I. Buying and selling Government bonds
II. Buying and selling foreign currency
III. Pension fund management
IV. Lending to private companies
V. Printing and distributing currency notes
Select the correct answer using the code given below.

(A)I and II only
(B)II, III and IV
(C)I, III, IV and V
(D)I, II and V
Q3MCQ2025

Consider the following statements :
I. The Reserve Bank of India mandates all the listed companies in India to submit a Business Responsibility and Sustainability Report (BRSR).
II. In India, a company submitting a BRSR makes disclosures in the report that are largely non-financial in nature.
Which of the statements given above is/are correct?

(A)I only
(B)II only
(C)Both I and II
(D)Neither I nor II
Q4MCQ2025

Consider the following statements :
Statement I :
In India, income from allied agricultural activities like poultry farming and wool rearing in rural areas is exempted from any tax.
Statement II :
In India, rural agricultural land is not considered a capital asset under the provisions of the Income-tax Act, 1961.
Which one of the following is correct in respect of the above statements?

(A)Both Statement I and Statement II are correct and Statement II explains Statement I
(B)Both Statement I and Statement II are correct but Statement II does not explain Statement I
(C)Statement I is correct but Statement II is not correct
(D)Statement I is not correct but Statement II is correct
Q5MCQ2025

Consider the following statements :
Statement I :
As regards returns from an investment in a company, generally, bondholders are considered to be relatively at lower risk than stockholders.
Statement II :
Bondholders are lenders to a company whereas stockholders are its owners.
Statement III :
For repayment purpose, bondholders are prioritized over stockholders by a company.
Which one of the following is correct in respect of the above statements?

(A)Both Statement II and Statement III are correct and both of them explain Statement I
(B)Both Statement I and Statement II are correct and Statement I explains Statement II
(C)Only one of the Statements II and III is correct and that explains Statement I
(D)Neither Statement II nor Statement III is correct
Q6MCQ2025

Consider the following statements :
I. India accounts for a very large portion of all equity option contracts traded globally thus exhibiting a great boom.
II. India's stock market has grown rapidly in the recent past even overtaking Hong Kong's at some point of time.
III. There is no regulatory body either to warn the small investors about the risks of options trading or to act on unregistered financial advisors in this regard.
Which of the statements given above are correct?

(A)I and II only
(B)II and III only
(C)I and III only
(D)I, II and III
Q7MCQ2025

Consider the following statements :
I. Capital receipts create a liability or cause a reduction in the assets of the Government.
II. Borrowings and disinvestment are capital receipts.
III. Interest received on loans creates a liability of the Government.
Which of the statements given above are correct?

(A)I and II only
(B)II and III only
(C)I and III only
(D)I, II and III
Q8MCQ2025

Consider the following statements about the Rashtriya Gokul Mission :
I. It is important for the upliftment of rural poor as majority of low producing indigenous animals are with small and marginal farmers and landless labourers.
II. It was initiated to promote indigenous cattle and buffalo rearing and conservation in a scientific and holistic manner.
Which of the statements given above is/are correct?

(A)I only
(B)II only
(C)Both I and II
(D)Neither I nor II
Q9MCQ2025

Consider the following activities :
I. Production of crude oil
II. Refining, storage and distribution of petroleum
III. Marketing and sale of petroleum products
IV. Production of natural gas
How many of the above activities are regulated by the Petroleum and Natural Gas Regulatory Board in our country?

(A)Only one
(B)Only two
(C)Only three
(D)All the four
Q10MCQ2025

Suppose the revenue expenditure is ₹ 80,000 crores and the revenue receipts of the Government are ₹ 60,000 crores. The Government budget also shows borrowings of ₹ 10,000 crores and interest payments of ₹ 6,000 crores. Which of the following statements are correct?
I. Revenue deficit is ₹ 20,000 crores.
II. Fiscal deficit is ₹ 10,000 crores.
III. Primary deficit is ₹ 4,000 crores.
Select the correct answer using the code given below.

(A)I and II only
(B)II and III only
(C)I and III only
(D)I, II and III

Why practise Economics PYQs?

Economics has appeared in 4 UPSC CSE General Studies exams we track between 2022–2025. UPSC examiners consistently reuse concepts and question patterns from this topic — practising its previous year questions is the most reliable way to know exactly what to expect in your exam.

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