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UPSC CSE Mains 2024 — Economy Questions with Answers

All 5 Economy previous-year questions from UPSC CSE Mains 2024, each with the correct answer and a full explanation. Practise them as a free, timed mock test with instant scoring.

1. Q1.Public Finance

   Examine the pattern and trend of public expenditure on social services in the post-reforms period in India. To what extent has this been in consonance with achieving the objective of inclusive growth?

2. Q2.Money & Banking

   What are the causes of persistent high food inflation in India? Comment on the effectiveness of the monetary policy of the RBI to control this type of inflation.

3. Q3.Growth & Planning

   Describe the context and salient features of the Digital Personal Data Protection Act, 2023.

4. Q4.Industry & Employment

   Discuss the merits and demerits of the four 'Labour Codes' in the context of labour market reforms in India. What has been the progress so far in this regard?

5. Q5.Infrastructure & Investment

   What is the need for expanding regional air connectivity in India? In this context, discuss the government's UDAN Scheme and its achievements.