HPSC 2026 — Economy Questions with Answers
All 16 Economy previous-year questions from HPSC 2026, each with the correct answer and a full explanation. Practise them as a free, timed mock test with instant scoring.
Practice Economy as a timed test →- Q1.International Financial Institutions
Consider the following pairs: 1. Extended Fund Facility (EFF) : For structural balance of payments problems. 2. Rapid Credit Facility (RCF) : Quick and concessional lending for high-income countries. 3. Resilience and Sustainability Facility (RSF) : Short-term liquidity line. How many of the above pairs are correctly matched?
- a)Only one
- b)Only two
- c)All three
- d)None
- e)Question not attempted
- Q2.Development Indices
Consider the following information: Index Economist 1. Human Development Index Mahbub Ul Haq 2. Physical Quality of life Index Morris David Morris 3. Multi Dimensional Poverty Index Suresh Tendulkar In how many of the above rows is the given information correctly matched?
- a)Only one
- b)Only two
- c)All three
- d)None
- e)Question not attempted
- Q3.National Income Accounting
Given below are two statements: Statement I : Per-capita income is not sufficient to measure the development. Statement II : Per-capita income is defined as total population divided by total income. In the light of the above statements, choose the correct answer from the options given below:
- a)Both Statement I and Statement II are true.
- b)Both Statement I and Statement II are false.
- c)Statement I is true but Statement II is false.
- d)Statement I is false but Statement II is true.
- e)Question not attempted
- Q4.Unemployment in India
Given below are two statements: Statement I : Disguised Unemployment is a structural phenomenon in Indian Agriculture. Statement II : Marginal Productivity of additional labour Units is zero (MP_L = 0) in Indian Agriculture due to disguised unemployment. In the light of the above statements, choose the correct answer from the options given below:
- a)Both Statement I and Statement II are true.
- b)Both Statement I and Statement II are false.
- c)Statement I is true but Statement II is false.
- d)Statement I is false but Statement II is true.
- e)Question not attempted
- Q5.Credit and Globalization
Which of the following is/are correct? 1. Collateral requirements expand the credit access for landless labourers. 2. Multinational Corporation may influence the domestic production patterns. Select the answer using the codes given below:
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
- e)Question not attempted
- Q6.National Income Accounting
Which of the following is/are correct? 1. GDP is calculated by adding up the value of all final goods and services produced in a country during a given year. 2. Intermediate consumption represents the value of goods and services as inputs in the production process, excluding fixed assets. Select the answer using the codes given below:
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
- e)Question not attempted
- Q7.Money and Credit
Consider the following statements: 1. Formal credit sources are regulated by government sources. 2. Expansion of Institutional credit reduces dependence on money lenders. 3. Informal lenders generally charge lower rate of interest due to competition among themselves. How many of the statements given above are correct?
- a)Only one
- b)Only two
- c)All three
- d)None
- e)Question not attempted
- Q8.Sources of Credit
Consider the following pairs: 1. Commercial banks : Provide regulated loans. 2. Self help Groups : Provide Group credit. 3. Informal Money lenders : Provide loans as per RBI rules. How many of the above pairs are correctly matched?
- a)Only one pair
- b)Only two pairs
- c)All three pairs
- d)None of the pairs
- e)Question not attempted
- Q9.Sectors of Economy
Consider the following pairs of current sectoral composition of Indian Economy - Economic Survey 2025-26: 1. Primary Sector : Largest share in employment with lowest share in GDP. 2. Secondary Sector : Lowest share in employment with second largest contribution in GDP. 3. Tertiary Sector : Largest contribution in GDP. How many of the above pairs are correctly matched?
- a)Only one pair
- b)Only two pairs
- c)All three pairs
- d)None of the pairs
- e)Question not attempted
- Q10.Consumer Rights
Consider the following information: Certification Marks Product 1. HallMark LPG cylinder and electronic goods 2. ISI Mark Jewellery 3. Agmark Food items like edible oil and honey In how many of the above rows is the given information correctly matched?
- a)Only one
- b)Only two
- c)All three
- d)None
- e)Question not attempted
- Q11.State Budget
Which of the following is/are correct? 1. The estimated fiscal deficit for Haryana as per Budget 2026-27 is 2.6%. 2. In Haryana, effective revenue deficit has increased in past three years as the grants for creation of capital assets have gone down. Select the answer using the codes given below:
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
- e)Question not attempted
- Q12.State Budget
Which of the following is/are correct? 1. According to Budget 2026-27 for Haryana, maximum tax revenue comes from State Goods & Service Tax, followed by stamps and registration. 2. Haryana governments own tax revenue is estimated to increase by 11% in Budget 2026-27 over Revised Budget 2025-26. Select the answer using the codes given below:
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
- e)Question not attempted
- Q13.State Government Schemes
Consider the following statements: 1. In Haryana, State Govt. provides interest subvention. 2. The e-billing for all types of bills was introduced in 2018 in Haryana. 3. For Haryana, the effective rate of interest on crop loan is zero percent. How many of the statements given above are correct?
- a)Only one
- b)Only two
- c)All three
- d)None
- e)Question not attempted
- Q14.State Economy and Welfare
Consider the following statements: 1. Haryana initiated gender budgeting in 2008-09 financial year. 2. Old Age Samman Allowance Scheme is run by Haryana with 100% support from central government. 3. Haryana's per capita income is higher than national average for 2025-26. How many of the statements given above are correct?
- a)Only one
- b)Only two
- c)All three
- d)None
- e)Question not attempted
- Q15.State Taxation System
Given below are two statements: Statement I: The Excise & Taxation Department Haryana administers VAT on sale of goods except 4 non GST goods. Statement II: The excise collection on liqueur is one of the major sources of revenue for the state government in Haryana. In the light of the above statements, choose the correct answer from the options given below:
- a)Both Statement I and Statement II are true.
- b)Both Statement I and Statement II are false.
- c)Statement I is true but Statement II is false.
- d)Statement I is false but Statement II is true.
- e)Question not attempted
- Q16.Intellectual Property Rights
How many of the following GI (Geographical Indication) tags are officially associated exclusively or jointly with the state of Haryana? 1. Phulkari 2. Basmati Rice 3. Sirsa Kinnow 4. Rohtak Rewri
- a)Only one
- b)Only two
- c)Only three
- d)All four
- e)Question not attempted
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