Economy previous Year Questions from 2019 (UPSC/ IAS)

1. What was the purpose of the Inter Creditor Agreement signed by Indian banks and financial institutions recently? (UPSC / IAS 2019)

2. The Chairman of public sector banks are selected by the (UPSC / IAS 2019)

3. The economic cost of food grains to the Food Corporation of India is Minimum Support Price and bonus

(if any) paid to the farmers plus (UPSC / IAS 2019)

4. Consider the following statements:

(1) Most of India’s external debt is owed by governmental entities.

(2) All of India’s external debt is denominated in US dollars.

Which of the statements given above is/are correct?

5. Which of the following is not included in the assets of a commercial bank in India? (UPSC / IAS 2019)

6. In the context of India, which of the following factors is/are contributors to reducing the risk of a currency crisis? (UPSC / IAS 2019)

(1) The foreign currency earnings of India’s IT sector

(2) Increasing the government expenditure

(3) Remittances from Indians abroad

Select the correct answer using the code given below.

7. Which of the following is issued by registered foreign portfolio investors to overseas investors

who want to be part of the Indian stock market without registering themselves directly? (UPSC / IAS 2019)

8. With reference to India’s Five-Year Plans, which of the following statements is/are correct? (UPSC / IAS 2019)

(1) From the Second Five-Year Plan, there was a determined thrust towards substitution of basic and capital good industries.

(2) The Fourth Five-Year Plan adopted the objective of correcting the earlier trend of increased concentration of wealth and economic power.

(3) In the Fifth Five-Year Plan, for the first time, the financial sector was included as an integral part of the Plan.

Select the correct answer using the code given below.

9. Consider the following statements (UPSC / IAS 2019)

(1) Purchasing Power Parity (PPP) exchange rates are calculated by comparing the prices of the

same basket of goods and services in different countries.

(2) In terms of PPP dollars, India is the sixth-largest economy in the world.

Which of the statements given above is/are correct?

10. Which one of the following is not the most likely measure the Government/RBI takes to stop the slide of Indian rupee? (UPSC / IAS 2019)

11. Consider the following statements: (UPSC / IAS 2019)

The Reserve Bank of India’s recent directives relating to ‘Storage of Payment System Data’,

popularly known as data diktat, command the payment system providers that

(1) they shall ensure that entire data relating to payment systems operated by them are stored in a system only in India

(2) they shall ensure that the systems are owned and operated by public sector enterprises

(3) they shall submit the consolidated system audit report to the Comptroller and

Auditor General of India by the end of the calendar year

Which of the statements given above is/are correct?

12. The money multiplier in an economy increases with which one of the following? (UPSC / IAS 2019)

13. In a given year in India, official poverty lines are higher in some states than in others because (UPSC / IAS 2019)

14. In a given year in India, official poverty lines are higher in some states than in others because (UPSC / IAS 2019)