Home › UPPSC › 2025 › Economy

UPPSC 2025 — Economy Questions with Answers

All 35 Economy previous-year questions from UPPSC 2025, each with the correct answer and a full explanation. Practise them as a free, timed mock test with instant scoring.

1. Q1.Economy

   Consider the following committees related to poverty and arrange them in correct chronological order of their formation. 1. Lakdawala Committee 2. Rangarajan Committee 3. Tendulkar Committee 4. Dandekar and Rath Committee

   • a)4, 1, 3, 2
   • b)1, 4, 3, 2
   • c)4, 3, 1, 2
   • d)1, 3, 4, 2
2. Q2.Economy/Current Affairs

   The women entrepreneurship program "Swavalambini" for the Northeast, has been started by which of the following ministries? 1. Ministry of Skill Development and Entrepreneurship 2. Ministry of Women and Child Development 3. Ministry of Micro, Small and Medium Enterprises Choose the correct answer from the codes given below:

   • a)(a) 1 and 2
   • b)(b) only 3
   • c)(c) 2 and 3
   • d)(d) only 1
3. Q3.Economy

   Given below are two statements, one is labelled as Assertion (A) and the other as Reason (R). Assertion (A): Food security is necessary even in surplus food production years. Reason (R): Starvation can still occur due to unequal distribution and lack of accessibility. Select the correct answer from the code given below:

   • a)(a) Both (A) and (R) are true, but (R) is not the correct explanation of (A)
   • b)(b) (A) is false, but (R) is true
   • c)(c) (A) is true, but (R) is false
   • d)(d) Both (A) and (R) are true and (R) is the correct explanation of (A).
4. Q4.Economy/Current Affairs/Environment

   Below are two statements, one is labelled as Assertion (A) and the other as Reason (R). Assertion (A): India's success is important for the global success of Sustainable Development Goals. Reason (R): India is home to approximately one-sixth of the world's total population. Choose the correct answer from the codes given below:

   • a)(a) (A) and (R) both are true, but (R) is not the correct explanation of (A)
   • b)(b) (A) is false, but (R) is true
   • c)(c) (A) is true, but (R) is false
   • d)(d) (A) and (R) both are true, and (R) is the correct explanation of (A)
5. Q5.Economy/Government Schemes

   Pradhan Mantri Mudra Yojana comes under which of the following? 1. Ministry of Corporate Affairs 2. Ministry of Rural Development 3. Ministry of Finance Select the correct answer from the code given below:

   • a)(a) 1 and 2
   • b)(b) Only 3
   • c)(c) 2 and 3
   • d)(d) Only 1
6. Q6.Economy

   Given below are two statements, one is labelled as Assertion (A) and the other as Reason (R). Assertion (A): Investment in human capital yields returns in the future. Reason (R): Education and health make people more productive. Select the correct answer from the code given below: Code: (a) Both (A) and (R) are true, but (R) is not the correct explanation of (A). (b) (A) is false, but (R) is true (c) (A) is true, but (R) is false (d) Both (A) and (R) are true and (R) is the correct explanation of (A)

   • a)(a) Both (A) and (R) are true, but (R) is not the correct explanation of (A).
   • b)(b) (A) is false, but (R) is true
   • c)(c) (A) is true, but (R) is false
   • d)(d) Both (A) and (R) are true and (R) is the correct explanation of (A)
7. Q7.Economy / Current Affairs

   132. With reference to 'Human Development Index', which of the following statements is/are correct? 1. The UNDP published its first Human Development Report in 1990, which had a Human Development Index. 2. The first team that developed the Human Development Index was led by Mahbub-ul-Haq and S. Priesner. Select the correct answer using the code given below:

   • a)(a) Only 2
   • b)(b) Neither 1 nor 2
   • c)(c) Both 1 and 2
   • d)(d) Only 1
8. Q8.Economy

   Consider the following and arrange them in correct chronological order. 1. Food for work programme 2. Community Development Programme 3. Training for Rural Youth for Self Employment (TRYSEM) 4. Drought Prone Area Programme Select the correct answer from the code given below:

   • a)(a) 4, 2, 3, 1
   • b)(b) 2, 4, 1, 3
   • c)(c) 2, 4, 3, 1
   • d)(d) 4, 2, 1, 3
9. Q9.Economy

   Below are two statements, one is labelled as Assertion (A) and the other as Reason (R). Assertion (A): Consumers can bargain for less than the Maximum Retail Price (MRP). Reason (R): MRP is the price that a seller has to recover from the buyer. Select the correct answer from the code given below:

   • a)(a) Both (A) and (R) are true, but (R) is not the correct explanation of (A)
   • b)(b) (A) is false, but (R) is true
   • c)(c) (A) is true, but (R) is false
   • d)(d) Both (A) and (R) are true and (R) is the correct explanation of (A)
10. Q10.Economy

    With reference to World Bank and International Monetary Fund, which of the following statements is/are correct? 1. The World Bank and International Monetary Fund were set up together and are popularly known as Bretton Wood Twins. 2. Headquarters of International Monetary Fund and World Bank are located at Washington D.C. and New York respectively. Select the correct answer from the code given below: Code:

    • a)Only 2
    • b)Neither 1 nor 2
    • c)Both 1 and 2
    • d)Only 1
11. Q11.Economy

    The concept of right to food security has been proposed by which of the following? 1. M. S. Swaminathan 2. Atul Pranai 3. Samali Shrikant 4. Amartya Sen Choose the correct answer from the code given below:

    • a)1 and 2
    • b)Only 4
    • c)3 and 4
    • d)Only 1
12. Q12.Economy

    Which of the following is/are NOT a dimension of food security? 1. Availability 2. Accessibility 3. Affordability 4. Accountability, Select the correct answer from the code given below: Code: (a) 1 and 2 (b) Only 4 (c) 2, 3 and 4 (d) Only 1

    • a)(a) 1 and 2
    • b)(b) Only 4
    • c)(c) 2, 3 and 4
    • d)(d) Only 1
13. Q13.Economy

    Below are given two statements, one is labelled as Assertion (A) and the other as Reason (R). Select the correct answer using the code given below: Assertion (A): The poverty line varies with time and across countries. Reason (R): The basic needs of people vary across regions and over time.

    • a)Both (A) and (R) are true, but (R) is not the correct explanation of (A).
    • b)(A) is false, but (R) is true.
    • c)(A) is true, but (R) is false.
    • d)Both (A) and (R) are true, and (R) is the correct explanation of (A).
14. Q14.Economy/Current Affairs

    Given below are two statements, one is labelled as Assertion (A) and the other as Reason (R). Assertion (A): India is the second largest mobile gaming market in the world. Reason (R): There are more than 950 million internet users in India. Select the correct answer from the code given below: Code:

    • a)(a) Both (A) and (R) are true, but (R) is not the correct explanation of (A)
    • b)(b) (A) is false, but (R) is true
    • c)(c) (A) is true, but (R) is false
    • d)(d) Both (A) and (R) are true and (R) is the correct explanation of (A)
15. Q15.Economy/Current Affairs

    Global Wage Report 2024-25 was released by which of the following organisation? 1. International Labour Organisation 2. World Bank 3. International Bank for Reconstruction and Development Select the correct answer from the code given below: Code:

    • a)(a) 1 and 2
    • b)(b) Only 3
    • c)(c) 2 and 3
    • d)(d) Only 1
16. Q16.Economy/Current Affairs

    The Global Financial Stability Report is released by which among the following? 1. International Monetary Fund 2. World Economic Forum 3. World Bank Select the correct answer from the code given below: Code:

    • a)(a) 1 and 2
    • b)(b) Only 3.
    • c)(c) 2 and 3
    • d)(d) Only 1
17. Q17.Economy

    Which among the following is/are NOT a social indicator of poverty? 1. Illiteracy 2. Safe drinking water 3. Job opportunities 4. Size of the house Select the correct answer from the code given below: Code:

    • a)(a) 1 and 2
    • b)(b) Only 4
    • c)(c) 3 and 4
    • d)(d) Only 1
18. Q18.Economy

    In the context of the Multidimensional Poverty Index, which of the following statement/s is/are correct? 1. It was developed and presented in 2010. 2. It measures extreme poverty and includes those who live on less than one dollar a day. Choose the correct answer from the code given below:

    • a)(a) Only 2
    • b)(b) Neither 1 nor 2
    • c)(c) Both 1 and 2
    • d)(d) Only 1
19. Q19.Banking and Finance

    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
20. Q20.Money and Banking

    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
21. Q21.Standards and Quality

    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 that are largely non-financial 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
22. Q22.Taxation

    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
23. Q23.Industry

    Consider the following statements : I. India has joined the Minerals Security Partnership as a member. II. India is a resource-rich country in all the 30 critical minerals that it has identified. III. The Parliament in 2023 has amended the Mines and Minerals (Development and Regulation) Act, 1957 empowering the Central Government to exclusively auction mining lease and composite license for certain critical minerals. 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
24. Q24.Banking and Finance

    Consider the following statements : Statement I : As regards returns from an investment in a company, bondholders are generally, 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 explains Statement I
    • 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
25. Q25.Banking and Finance

    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
26. Q26.Public Finance

    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
27. Q27.Government Schemes

    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
28. Q28.Industry

    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
29. Q29.Public Finance

    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
30. Q30.Industry

    Consider the following statements : Statement I : Of the two major ethanol producers in the world, i.e., Brazil and the United States of America, the former produces more ethanol than the latter. Statement II : Unlike in the United States of America where corn is the principal feedstock for ethanol production, sugarcane is the principal feedstock for ethanol production in Brazil. Select the correct answer using the code given below.

    • a)I only
    • b)II only
    • c)Both I and II
    • d)Neither I nor II
31. Q31.Public Finance — Deficit Financing

    A country's fiscal deficit stands at ₹ 50,000 crores. It is receiving ₹ 10,000 crores through non-debt creating capital receipts. The country's interest liabilities are ₹ 1,500 crores. What is the gross primary deficit?

    • a)₹ 48,500 crores
    • b)₹ 51,500 crores
    • c)₹ 58,500 crores
    • d)None of the above
32. Q32.Public Finance

    Which of the following statements with regard to recommendations of the 15th Finance Commission of India are correct? I. It has recommended grants of ₹ 4,800 crores from the year 2022-23 to the year 2025-26 for incentivizing States to enhance educational outcomes. II. 45% of the net proceeds of Union taxes are to be shared with States. III. ₹ 45,000 crores are to be kept as performance-based incentive for all States for carrying out agricultural reforms. IV. It reintroduced tax effort criteria to reward fiscal performance. Select the correct answer using the code given below.

    • a)I, II and III
    • b)I, II and IV
    • c)I, III and IV
    • d)II, III and IV
33. Q33.International Institutions

    Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD) : I. It provides loans and guarantees to middle income countries. II. It works single-handedly to help developing countries to reduce poverty. III. It was established to help Europe rebuild after the World War II. 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
34. Q34.Banking and Finance

    Consider the following statements in respect of RTGS and NEFT : I. In RTGS, the settlement time is instantaneous while in case of NEFT, it takes some time to settle payments.

    • a)...
    • b)...
    • c)...
    • d)...
35. Q35.Banking and Finance

    Consider the following countries : I. United Arab Emirates II. France III. Germany IV. Singapore V. Bangladesh How many countries amongst the above are there other than India where international merchant payments are accepted under UPI?

    • a)Only two
    • b)Only three
    • c)Only four
    • d)All the five