Naan Mudhalvan

UPSC CSE Prelims 2025

Orientation Session
Economy PYQ – 2015 to 24
Adil Baig
PYQ Trend Analysis
Area 2024 2023 2022 2021 2020 2019
Monetary Policy 1 2 1 3 1
Banking 1 2 2 3 3 5
External Sector 1 2 5 2 5 5
Fiscal Policy 1 3 2 1
Inflation - 2 2 1
Capital Market 5 3 1
Agriculture 2 4
Industry 1
Poverty & Unemployment 1
MicroEconomics 1 1 1
Planning 1
Misc 4 1 2 1 2 1
Total 12 14 15 14 19 16
Test 2 Syllabus
Public Finance & Taxation
• Evolution of Budgeting, Types of Budgets, The Union Budget: Components – Revenue
Account, Capital Account, Measures of Government Deficit etc., Weaknesses in the Budgetary
Process, FRBM Act, Deficits and its financing. Types of Taxes, Current Taxation Policy of India,
GST and its progress.
Financial Market
• Money Market - Call Money Market, Commercial Bills, Treasury Bill Market, Certificate of
Deposits and Commercial papers.
• Capital Market - Basic Terms and Concepts- Capital Market, Financial instruments.
External sector of India
• External Sector International Trade, Trade Policy,
• India’s Balance of Payments: Current Account, Capital Account, India’s BOP Performance,
Foreign Capital, Impact of Globalization on Indian, FDI and FPI in India, ECBs
International Financial Institutions
• IMF, World Bank, Bilateral and Regional Cooperation Currency Exchange Rate,
• Foreign Exchange Rate Determination, Types of Exchange Rate, Capital and Current Account
Convertibility in India.
Test 2 Syllabus
Agriculture
• Cropping Patterns, farm subsidies- MSP, FRP, etc, Agriculture Marketing – APMC, NAM,
Agriculture Finance, Agriculture related Schemes, Rural Development. Government schemes
and policy for inclusive growth.
Current Affairs – September 2024
External Sector
UPSC CSE Prelims 2023 – Indian Economy Questions
• Solution: c
UPSC CSE Prelims 2023 – Indian Economy Questions
• Solution: d)

• Statement I is incorrect: India’s share in

global merchandise trade is only 1.8%
and 4% in global services.
• India plans to increase its export share in
global trade to 3% by 2027 and 10% by
2047.
UPSC CSE Prelims 2022 – Indian Economy Questions

• The Rapid Financing Instrument (RFI) is a

system designed by the IMF to provide quick
financial assistance to its member countries
with urgent BoP (Balance of Payment) needs.
• The RFI supports its member countries by
providing quick financial help in urgent
situations like natural disasters, internal
conflicts, and during commodity price
shocks.
• The Rapid Credit Facility or the RCF IMF
helps and supports Low-Income countries
(LIC) with financial funds in case of an urgent
need for BoP. The RCF was introduced under
the Poverty Reduction and Growth Trust
(PRGT), making this facility more refined
with broader coverage.
UPSC CSE Prelims 2022 – Indian Economy Questions

NEER is a weighted index that

reflects the trade of India with other
countries.
The weight is greater for countries
with which India trades more.
REER is again a weighted index
which also includes domestic
inflation in various economies
UPSC CSE Prelims 2022 – Indian Economy Questions

• Solution: b)
UPSC CSE Prelims 2022 – Indian Economy Questions

• Solution: d)
UPSC CSE Prelims 2022 – Indian Economy Questions

• Solution: d)
UPSC CSE Prelims 2022 – Indian Economy Questions

• Solution: a)
UPSC CSE Prelims 2022 – Indian Economy Questions

• Solution: b)
UPSC CSE Prelims 2021 – Indian Economy Questions

• Solution: a)
UPSC CSE Prelims 2021 – Indian Economy Questions

• Solution: a)
UPSC CSE Prelims 2020 – Indian Economy Questions

• Solution: a)
UPSC CSE Prelims 2020 – Indian Economy Questions

• Solution: b)
UPSC CSE Prelims 2020 – Indian Economy Questions
UPSC CSE Prelims 2020 – Indian Economy Questions
UPSC CSE Prelims 2020 – Indian Economy Questions

• Historically countries impose measures that

restrict foreign investment (called as
investment measures and WTO term this as
Trade Related Investment Measures).
• Under TRIMs, the WTO names the list of
investment measures that discriminates
foreign investment and hence violates the
basic WTO principle of National Treatment.
• These measures include – local content
requirement, domestic employment,
technology transfer requirement etc
UPSC CSE Prelims 2019 – Indian Economy Questions

• Solution: b)
UPSC CSE Prelims 2019 – Indian Economy Questions

• Solution: a)
Fiscal Policy
UPSC CSE Prelims 2023 – Indian Economy Questions
UPSC CSE Prelims 2015 – Indian Economy Questions

• Solution: c)
UPSC CSE Prelims 2022 – Indian Economy Questions

• Solution: a)
UPSC CSE Prelims 2022 – Indian Economy Questions

• Household financial savings refer to currency, bank

deposits, debt securities, mutual funds, pension
funds, insurance, and investments in small
savings schemes by households.
 UPSC CSE Prelims 2019 – Indian Economy Questions

External Debt Situation

• India’s external debt, at US$ 663.8 billion as of end-
September 2024
• The long-term debt was lower at US$ 478.7 billion
(78.4 per cent)
• short-term debt at US$ 131.7 billion (18.5%)
• The external debt to GDP ratio declined to 18.7 per
cent at the end of March 2024
• The ratio of FER to total debt stood at 97.4 per cent
• Further, while a major part of India’s external debt is
denominated in the US dollar (55.5 per cent as at-
September 2002), the Indian rupee-denominated
component (30.2 per cent) occupies the second largest
position,
• As of end-September 2022, Sovereign External Debt
(SED) amounted to US$ 124.5 billion, decreasing by
5.7 per cent over the level a year ago. Non-SED,
Solution: d) estimated at US$ 486.0 billion as of end-September
2022,
UPSC CSE Prelims 2021 – Indian Economy Questions

Solution: d)
UPSC CSE Prelims 2018 – Indian Economy Questions

Solution: c)
 UPSC CSE Prelims 2018 – Indian Economy Questions

Solution: d)
UPSC CSE Prelims 2018 – Indian Economy Questions
Solution: d)
UPSC CSE Prelims 2018 – Indian Economy Questions
Solution: c)
UPSC CSE Prelims 2017 – Indian Economy Questions

Solution: a)
UPSC CSE Prelims 2017 – Indian Economy Questions
UPSC CSE Prelims 2016 – Indian Economy Questions

Solution: c)
UPSC CSE Prelims 2015 – Indian Economy Questions

Solution: d)
UPSC CSE Prelims 2015 – Indian Economy Questions

Solution: c)
UPSC CSE Prelims 2014 – Indian Economy Questions

Solution: c)
Capital Market
UPSC CSE Prelims 2024 – Capital & Money Market

Solution: c) Money Market

 UPSC CSE Prelims 2024
Capital & Money Market
Solution: d) 2 and 3 only
UPSC CSE Prelims 2024 – Capital & Money Market
Solution: d) 1,2 and 3 only
UPSC CSE Prelims 2024 – Capital & Money Market
Solution: d) 1 and 3 only
 UPSC CSE Prelims 2024
Capital & Money Market

Solution: a) or d)
UPSC CSE Prelims 2023

Solution: d)
UPSC CSE Prelims 2023 – Indian Economy Questions

Solution: b)
UPSC CSE Prelims 2023 – Indian Economy Questions

Solution: d)
UPSC CSE Prelims 2021 – Indian Economy Questions

• Answer: b) 1 and 2
• Central Depository Services Ltd (CDSL) was
promoted by BSE Ltd. jointly with leading banks
such as State Bank of India, Bank of India, Bank
of Baroda, HDFC Bank, Standard Chartered
Bank and Union Bank of India.
Prelims 2020
With reference to the Indian economy, consider the following statements
1. Commercial Paper is a short-term unsecured promissory note.
2. 'Certificate of Deposit is a long-term of India to a corporation.
3. 'Call Money' is a short-term finance used for interbank transactions.
4. "Zero-Coupon Bonds' are the interest bearing short-term bonds issued by the
Scheduled Commercial Banks to corporations.

Which of the statements given above is/are correct?

(a) 1 and 2 only
(b) 4 only
Solution: c)
(c) 1 and 3 only
(a) 2, 3 and 4 only
Prelims 2019

Solution: d)
UPSC CSE Prelims 2016 – Indian Economy Questions

Solution: c)
Agriculture
UPSC CSE Prelims 2023 – Indian Economy Questions

Solution: b)
UPSC CSE Prelims 2020 – Indian Economy Questions

Solution: c) 2,3 and 6 only

UPSC CSE Prelims 2019 – Indian Economy Questions

• The unit of application of ceiling differs

from State to State.
• In Andhra Pradesh, Assam, Bihar,
Punjab, Haryana, Uttar Pradesh, West
Bengal, Madhya Pradesh and
Maharashtra, it is on the basis of an
'land holder', whereas in the other
States it is one the basis of a 'family'.
UPSC CSE Prelims 2023 – Indian Economy Questions

Solution: c) All three

UPSC CSE Prelims 2020 – Indian Economy Questions

Solution: d)
UPSC CSE Prelims 2019 – Indian Economy Questions

Solution: c)
UPSC CSE Prelims 2018 – Indian Economy Questions
UPSC CSE Prelims 2015 – Indian Economy Questions
UPSC CSE Prelims 2020 – Indian Economy Questions
Solution: b)

Objectives
• Kisan Credit Card Scheme aims at providing adequate
and timely credit support from the banking system
• To meet the short term credit requirements for
cultivation of crops
• Post harvest expenses
• Produce Marketing loan
• Consumption requirements of farmer household
• Working capital for maintenance of farm assets and
activities allied to agriculture, like dairy animals, inland
fishery etc.
• credit requirement for agriculture and allied activities
like pump sets, sprayers, dairy animals etc
UPSC CSE Prelims 2019 – Indian Economy Questions
UPSC CSE Prelims 2018 – Indian Economy Questions
UPSC CSE Prelims 2017 – Indian Economy Questions
UPSC CSE Prelims 2016 – Indian Economy Questions
UPSC CSE Prelims 2016 – Indian Economy Questions