UPSC Prelims · General Studies Paper I
Sustainable development, poverty, inclusion, demographics, social sector initiatives, and the broader Indian economy.
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Q1 · Economic and Social Development · EASY
The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) was enacted in 2005. Which of the following statements about MGNREGA is correct?
Q2 · Economic and Social Development · MEDIUM
The Fiscal Responsibility and Budget Management (FRBM) Act was enacted to bring discipline in government finances. Which of the following is a target under the FRBM Act?
Q3 · Economic and Social Development · MEDIUM
Consider the following statements about the Goods and Services Tax (GST) in India: 1. GST is a destination-based tax levied at the point of consumption. 2. GST has completely replaced all indirect taxes including customs duty. 3. Petroleum products are currently outside the purview of GST. How many of the above statements are correct?
Q4 · Economic and Social Development · MEDIUM
The terms 'Repo Rate' and 'Reverse Repo Rate' are often mentioned in monetary policy discussions. What is the primary purpose of the Reserve Bank of India reducing the Repo Rate?
Q5 · Economic and Social Development · HARD
Consider the following statements about India's National Income accounting: 1. GDP at market prices includes indirect taxes and excludes subsidies. 2. GNP is always greater than GDP for an economy. 3. NDP is obtained by subtracting depreciation from GDP. How many of the above statements are correct?