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2025 Economy Practice Questions

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2025Economy
Diff:Standard

Consider the following statements about turmeric during the year 2022-23:
I. India is the largest producer and exporter of turmeric in the world.
II. More than 30 varieti es of turmeric are grown in India.
III. Maharashtra, Telangana, Karnataka and Tamil Nadu are major turmeric producing States in India.
Which of the statements given above are correct?

Select an option to verify your answer

2025Economy
Diff:Standard

Consider the following countries:
1. United Arab Emirates
2. France
3. Germany
4. Singapore
5. Bangladesh

How many countries amongst the above are there o ther than India where international merchant payments are accepted under UPI?

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2025Economy
Diff:Standard

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 etha nol 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.

Which one of the following is correct in respect of the above statements?

Select an option to verify your answer

2025Economy
Diff:Standard

Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD):
1. It provides loans and guarantees to middle income countr ies.
2. It works single-handedly to help developing countries to reduce poverty.
3. It was established to help Europe rebuild after the World War II.

Which of the stat ements given above are correct?

Select an option to verify your answer

2025Economy
Diff:Moderate

Consider the following statements:
I. Indian Railways have prepared a National Rail Plan (NRP) to create a future ready railway system by 2028.
II. Kavach’ is an Automati c Train Protection system, development in collaboration with Germany.
III. ‘Kavach’ system consists of RFID tags fitted on track in station section.

Which of the statemen ts given above are not correct?

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2025Economy
Diff:Standard

Consider the following statements:
Statement I: Circular economy reduces the emissions of greenhouse gases.
Statement II: Circular economy reduces the use of raw material s as inputs.
Statement III : Circular economy reduces wastage in the production process.
Which one of the following is correct in respect of the above statements? [UPSC CSE P re 2025]

Select an option to verify your answer

2025Economy
Diff:Standard

Consider the following statements about ‘PM Surya Ghar Muft Bijli Yojana’:
I. It targets installation of one crore solar rooftop panels in the residential sector.
II. The Ministry of New and Renewable Energy aims to impart training on installation, operation, maintenance and repairs of solar rooftop systems at grassroot levels.
III. It aims to c reate more than three lakhs skilled manpower through fresh skilling, and upskilling, under scheme component of capacity building.
Which of the statements given above are correct ? [UPSC CSE Pre 2025]

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2025Economy
Diff:Standard

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 manne r.
Which of the statements given above is/are correct? [UPSC CSE Pre 2025]

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2025Economy
Diff:Standard

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.
II. In RTGS, the customer is charged for inward transactions while that is not the case for NEFT.
III. Operating hours for RTGS are restricted on certain days while this is not true for NEFT.
Which of the statements given above is/are correct?

Select an option to verify your answer

2025Economy
Diff:Moderate

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 sto ck 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 r isks of options trading or to act on unregistered financial advisors in this regard.
Which of the statements given above are correct?

Select an option to verify your answer

2025Economy
Diff:Standard

Consider the following statements:
Statement I: As regards returns from an investment in a company, generally, bondholders are 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 purposes, bondholders are prioritized over stockholders by a company.
Which one of the following is correct in respect of the above statements?

Select an option to verify your answer

2025Economy
Diff:Standard

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 (BRS R).
II. In India, a company submitting a BRSR makes disclosures in the report that are largely non-financial in nature.
Which of the statements given above is/are correct?

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2025Economy
Diff:Standard

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.

Select an option to verify your answer

2025Economy
Diff:Moderate

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?

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2025Economy
Diff:Moderate

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?

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2025Economy
Diff:Moderate

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. Its reintroduced tax effort criteria to reward fiscal perform ance.
Select the correct answer using the code given below.

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2025Economy
Diff:Standard

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?

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2025Economy
Diff:Easy

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 capit al receipts.
III. Interest received on loans creates a liability of the Government.
Which of the statements given above are correct?

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2025Economy
Diff:Standard

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 crore s 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.

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2025Economy
Diff:Standard

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 an y 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 corre ct in respect of the above statements?

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