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BPSC 2022 — Indian Economy Questions with Answers

All 26 Indian Economy previous-year questions from BPSC 2022, each with the correct answer and a full explanation. Practise them as a free, timed mock test with instant scoring.

1. Q1.Energy

   Write short notes on the following: Describe the efforts made in the field of solar power generation in the State of Bihar.

2. Q2.Infrastructure

   Write short answer: National Logistics Policy, 2022 along with PM Gati Shakti Plan would revolutionise logistics in India. Elucidate.

3. Q3.Innovation and Entrepreneurship

   Write short answer: Explain how Atal Innovation Mission (AIM) is promoting innovation and entrepreneurship across India. Discuss briefly various initiatives of Atal Innovation Mission like 'Mentor India', 'Atal Incubation Centres' and 'Atal New India Challenge'.

4. Q4.Society and Technology

   Write short answer: Discuss the incidence and effects of the 'Rural-Urban digital divide' in India. Examine the steps taken by the government to reduce it.

5. Q5.External Sector

   Examine India's global trade engagements in 2022. What are the various initiatives taken by India to enhance trade? Suggest some ways to enhance India's global trade engagements.

6. Q6.Telecommunications

   According to the report released by the Telecom Regulatory Authority of India (TRAI) in February 2022, the Bihar service area has a tele-density of 53.71% as against the all-India average of 85.91% at the end of December 2021. Indicate the reasons for this situation. What is its impact? Examine the steps that can be taken to improve the situation.

7. Q7.Blue Economy

   "Blue economy is identified as one of the ten core dimensions for national growth." In the light of the above statement, discuss its significance for the economy and the steps taken by India to promote the blue economy. Are they sufficient?

8. Q8.Banking and Finance

   Bhandari Committee is related to:

   • a)Indirect Taxation
   • b)Agricultural Credit
   • c)Restructuring of Regional Rural Banks
   • d)Direct Taxation
9. Q9.Social Security

   Choose the correct statement regarding National Pension System (NPS):

   • a)NPS is a retirement benefit scheme launched by the Government of India, which provides regular income facility to all citizens of India.
   • b)NPS is regulated by IRDA.
   • c)NPS is regulated by SEBI.
   • d)NPS is regulated by PFRDA.
10. Q10.Public Finance

    Which of the following is NOT included in the priorities of India's Budget 2022-23?

    • a)Inclusive Development
    • b)Productivity Enhancement and Investment, Sunrise Opportunities, Energy Transition and Climate Action
    • c)Disinvestment
    • d)PM Gati Shakti
11. Q11.Public Finance

    What was India's Tax-GDP ratio in financial year 2021-22?

    • a)11.7%
    • b)11.5%
    • c)10.9%
    • d)12.5%
12. Q12.International Trade

    According to commodity classification and groups, what was India's share in global exports in the year 2018?

    • a)0.7%
    • b)2.1%
    • c)1.3%
    • d)1.7%
13. Q13.Agriculture

    According to the Fourth Advance Estimate, what is the total wheat production in India in 2020-21?

    • a)209.5 million tonnes
    • b)501.5 million tonnes
    • c)201.23 million tonnes
    • d)109.5 million tonnes
14. Q14.Government Schemes

    Choose the correct statement regarding 'Vibrant Villages Programme':

    • a)This is for the state of Maharashtra.
    • b)It was launched in the year 2017.
    • c)This is for the development of border villages on the northern border.
    • d)This is for the development of road connectivity in Bihar.
15. Q15.Indices and Reports

    Which statement is NOT true about poverty line based on NSSO's 68th round estimates?

    • a)For urban areas, the poverty line was defined as ₹ 33.33 per person per day.
    • b)21.9 percent of India's population was living below the poverty line.
    • c)33.35 percent of India's population was living below the poverty line.
    • d)For rural areas, the poverty line was defined as ₹ 27.20 per person per day.
    • e)None of the above / More than one of the above
16. Q16.Industry

    Which of the following partially defines a micro-enterprise in India?

    • a)Annual turnover not more than ₹ 15 crore
    • b)Investment in plant and machinery not more than ₹ 1.5 crore
    • c)Annual turnover not more than ₹ 5 crore
    • d)Investment in plant and machinery or equipment not more than ₹ 1 crore
    • e)None of the above / More than one of the above
17. Q17.Government Schemes

    Which of the following is incorrect about the Pradhan Mantri Krishi Sinchai Yojana?

    • a)Construction of wells
    • b)Repair and renovation of aquifers
    • c)Rainwater harvesting structures
    • d)Repair and renovation of water bodies
    • e)None of the above / More than one of the above
18. Q18.Government Schemes

    'Sunandini Program' is related to

    • a)Auxiliary Nurse Midwives (ANMs)
    • b)Doctors of Primary Health Centers
    • c)Members of Gram Panchayat
    • d)Anganwadi workers
    • e)None of the above / More than one of the above
19. Q19.Indian Economy

    In which year was the Railway Budget merged with the General Budget in India?

    • a)2015
    • b)2016
    • c)2017
    • d)2018
    • e)None of the above/More than one of the above
20. Q20.Union Budget & FDI

    In the recent Union Budget, the FM has increased the Foreign Direct Investment (FDI) limit in the insurance sector from the existing one to

    • a)50%
    • b)62%
    • c)74%
    • d)100%
    • e)None of the above/More than one of the above
21. Q21.Public Finance

    As per the Union Budget, 2021, the fiscal deficit is estimated to be how much percent of the GDP in 2021-22?

    • a)8.8%
    • b)7.8%
    • c)7.6%
    • d)6.8%
    • e)None of the above/More than one of the above
22. Q22.Economic Development

    The best index of economic development is provided by

    • a)growth in national income at current prices
    • b)growth in per capita real income from year to year
    • c)growth in savings ratio
    • d)improvement in balance of payments position
    • e)None of the above/More than one of the above
23. Q23.Government Schemes

    The second phase of the Swachh Bharat Mission (Grameen) is to be implemented during which time period?

    • a)2020-21 to 2022-23
    • b)2020-21 to 2023-24
    • c)2020-21 to 2024-25
    • d)2020-21 to 2025-26
    • e)None of the above/More than one of the above
24. Q24.Committees & Commissions

    Match List-I with List-II : List-I a. Sarkaria Commission b. C. Rangarajan Committee c. Parekh Committee d. Narasimham Committee List-II 1. To Review the Methodology for Measurement of Poverty 2. Infrastructure Financing 3. Central-State Relationship 4. Banking Sector Reforms Choose the correct answer from the options given below.

    • a)a-3, b-1, c-2, d-4
    • b)a-2, b-1, c-3, d-4
    • c)a-4, b-3, c-2, d-1
    • d)a-1, b-2, c-4, d-3
    • e)None of the above/More than one of the above
25. Q25.Agriculture

    Consider the following States : 1. Punjab 2. Uttar Pradesh 3. Andhra Pradesh 4. West Bengal Choose the correct sequence of the above in ascending order as rice-producing States in India.

    • a)West Bengal, Punjab, Andhra Pradesh, Uttar Pradesh
    • b)West Bengal, Uttar Pradesh, Andhra Pradesh, Punjab
    • c)Andhra Pradesh, Uttar Pradesh, West Bengal, Punjab
    • d)Andhra Pradesh, Punjab, Uttar Pradesh, West Bengal
    • e)None of the above/More than one of the above
26. Q26.Economic Survey

    With reference to the Bare Necessities Index (BNI), consider the following statements : 1. The economic survey has come up with the Bare Necessities Index at rural and urban levels. 2. The BNI has been created for all States for 2018 only. 3. The BNI is based on 26 indicators. 4. The BNI consists of six dimensions. Which of the above statements are correct?

    • a)1 and 3 only
    • b)2 and 3 only
    • c)1 and 4 only
    • d)2 and 4 only
    • e)None of the above/More than one of the above