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BPSC 2024 — Economy Questions with Answers

All 11 Economy previous-year questions from BPSC 2024, each with the correct answer and a full explanation. Practise them as a free, timed mock test with instant scoring.

1. Q1.Poverty and Development

   Which of the following statement/s is/are correct about Capability Poverty Measure (CPM) developed by the UNDP? 1) CPM includes child malnutrition as a proxy for lack of health and nourishment. 2) Female illiteracy is included to reflect deprivation in education and knowledge. 3) It considers male illiteracy as a key indicator of capability poverty. 4) It includes lack of access to clean drinking water as an important indicator of capability poverty. Select the correct answer using the codes given below:

   • a)1 and 2
   • b)1, 2 and 3
   • c)Only 1
   • d)More than one of the above
2. Q2.External Sector

   Which of the following is not among the top ten principal commodities of India's export during April-September 2024-25?

   • a)Petroleum Products
   • b)Iron and Steel
   • c)Basmati Rice
   • d)More than one of the above
3. Q3.External Sector

   Which of the following countries had greater share than India in the global services export in 2023?

   • a)Russia
   • b)Ireland
   • c)Indonesia
   • d)More than one of the above
4. Q4.Infrastructure

   Which state had the highest constructed road length under Bharatmala Pariyojana as of 31st October 2024?

   • a)Rajasthan
   • b)Uttar Pradesh
   • c)Maharashtra
   • d)More than one of the above
5. Q5.Agriculture Finance

   Before the launch of Kisan Rin Portal (KRP), farmers used to submit manual claims under the Interest Subvention and Prompt Repayment Incentive schemes to which of the following institution/s?

   • a)Ministry of Agriculture and Farmers Welfare and NABARD
   • b)Reserve Bank of India and NABARD
   • c)National Payments Corporation of India and Reserve Bank of India
   • d)More than one of the above
6. Q6.Monetary System

   India's foreign exchange reserves :

   • a)Increased to around USD 640 billion as of the end of December 2024
   • b)Are seventh largest in the world
   • c)Decreased caused by a BoP deficit of around USD 24 billion in 2024
   • d)More than one of the above
7. Q7.Poverty and Development

   As per NFHS-5 data, which of the following state(s) recorded less than 6% of the population as multidimensionally poor in 2019-20?

   • a)Jammu and Kashmir
   • b)Himachal Pradesh
   • c)Uttar Pradesh
   • d)More than one of the above
8. Q8.Employment

   According to Annual PLFS 2023-24 report :

   • a)There is greater increase in Labour Force Participation Rate (LFPR) of rural females as compared to urban females since 2021-22
   • b)Among the 36 states and union territories, 90% states have a Workforce Participation Rate (WPR) (for all ages) below the national average of 43.7 percent
   • c)The share of female workers in agriculture has decreased significantly from 2017-18 to 2023-24
   • d)More than one of the above
9. Q9.Industry

   Share of Micro, Small and Medium Enterprises in the country's Gross Value Added (GVA) has increased from _____ in 2020-21 to _____ in 2022-23.

   • a)30.3%, 35.6%
   • b)27.3%, 30.1%
   • c)35.1%, 38.2%
   • d)More than one of the above
10. Q10.Industry

    Which of the following statement/s is/are correct regarding the Indian cement industry? 1) Around 87% of India's cement industry is concentrated in a few major states like Rajasthan, Andhra Pradesh and Madhya Pradesh. 2) India is the largest producer of cement in the world. 3) Most cement plants in India are located far from raw material sources and near to the ports to support exports. Select the correct answer using the codes given below :

    • a)1
    • b)2
    • c)1 and 3
    • d)More than one of the above
11. Q11.Government Schemes

    The Atmanirbhar Bharat Scheme announced by the Government helps in: 1) Enhancing India's manufacturing capabilities and exports across the industries 2) Incentivizing foreign investments for domestic production. Out of these :

    • a)1 is correct
    • b)2 is correct
    • c)Both 1 and 2 are correct
    • d)Neither 1 nor 2 is correct