UPSC Prelims 2025
Get UPSC Prelims Previous Year Question (PYQ) Papers with detailed explanations, mindmaps, organized year-wise and subject-wise for GS.
- Economy
Consider the following activities:
I. Production of crude oil II. Refining, storage and distribution of petroleum products 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?
View Answer for: Consider the following activities:I. Production of crude oil II. Refining, storage and distribution of petroleum products III. Marketing and sale of petroleum products IV. Production of natural gasHow many of the above activities are regulated by the Petroleum and Natural Gas Regulatory Board in our country?Consider the following activities:
I. Production of crude oil II. Refining, storage and distribution of petroleum products 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?
- Economy
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?
View Answer for: 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?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?
- Economy
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. It reintroduced tax effort criteria to reward fiscal performance.
Select the correct answer using the code given below.
View Answer for: 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. It reintroduced tax effort criteria to reward fiscal performance.Select the correct answer using the code given below.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. It reintroduced tax effort criteria to reward fiscal performance.
Select the correct answer using the code given below.
- Economy
Consider the following countries:
I. United Arab Emirates II. France III. Germany IV. Singapore V. Bangladesh
How many countries amongst the above are there other than India where international merchant payments are accepted under UPI?
View Answer for: Consider the following countries:I. United Arab Emirates II. France III. Germany IV. Singapore V. BangladeshHow many countries amongst the above are there other than India where international merchant payments are accepted under UPI?Consider the following countries:
I. United Arab Emirates II. France III. Germany IV. Singapore V. Bangladesh
How many countries amongst the above are there other than India where international merchant payments are accepted under UPI?
- Economy
Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD):
I. It provides loans and guarantees to middle income countries. II. It works single-handedly to help developing countries to reduce poverty. III. It was established to help Europe rebuild after the World War II.
Which of the statements given above are correct?
View Answer for: Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD):I. It provides loans and guarantees to middle income countries. II. It works single-handedly to help developing countries to reduce poverty. III. It was established to help Europe rebuild after the World War II.Which of the statements given above are correct?Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD):
I. It provides loans and guarantees to middle income countries. II. It works single-handedly to help developing countries to reduce poverty. III. It was established to help Europe rebuild after the World War II.
Which of the statements given above are correct?
- Economy
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 crores 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.
View Answer for: 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 crores 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.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 crores 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.
- Economy
With reference to India, consider the following pairs:
Organization Union Ministry I. The National Automotive Board Ministry of Commerce and Industry II. The Coir Board Ministry of Heavy Industries III. The National Centre for Trade Information Ministry of Micro, Small and Medium Enterprises How many of the above pairs are correctly matched?
View Answer for: With reference to India, consider the following pairs: Organization | Union Ministry ------------------------------------------|------------------------------------------------- I. The National Automotive Board | Ministry of Commerce and Industry II. The Coir Board | Ministry of Heavy Industries III. The National Centre for Trade Information| Ministry of Micro, Small and Medium Enterprises How many of the above pairs are correctly matched?With reference to India, consider the following pairs:
Organization Union Ministry I. The National Automotive Board Ministry of Commerce and Industry II. The Coir Board Ministry of Heavy Industries III. The National Centre for Trade Information Ministry of Micro, Small and Medium Enterprises How many of the above pairs are correctly matched?
- Economy
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?
View Answer for: 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?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?
- Economy
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 ethanol 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 of the statements given above are correct?
View Answer for: 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 ethanol 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 of the statements given above are correct?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 ethanol 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 of the statements given above are correct?
- Economy
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 any 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 correct in respect of the above statements?
View Answer for: 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 any 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 correct in respect of the above statements?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 any 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 correct in respect of the above statements?
- Economy
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 capital receipts. III. Interest received on loans creates a liability of the Government.
Which of the statements given above are correct?
View Answer for: 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 capital receipts. III. Interest received on loans creates a liability of the Government.Which of the statements given above are correct?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 capital receipts. III. Interest received on loans creates a liability of the Government.
Which of the statements given above are correct?
- Economy
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 purpose, bondholders are prioritized over stockholders by a company.
Which one of the following is correct in respect of the above statements?
View Answer for: 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 purpose, bondholders are prioritized over stockholders by a company.Which one of the following is correct in respect of the above statements?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 purpose, bondholders are prioritized over stockholders by a company.
Which one of the following is correct in respect of the above statements?
- Economy
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 varieties 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?
View Answer for: 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 varieties 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?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 varieties 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?
- Economy
Consider the following statements:
I. India has joined the Minerals Security Partnership as a member. II. India is a resource-rich country in all the 30 critical minerals that it has identified. III. The Parliament in 2023 has amended the Mines and Minerals (Development and Regulation) Act, 1957 empowering the Central Government to exclusively auction mining lease and composite license for certain critical minerals.
Which of the statements given above are correct?
View Answer for: Consider the following statements:I. India has joined the Minerals Security Partnership as a member. II. India is a resource-rich country in all the 30 critical minerals that it has identified. III. The Parliament in 2023 has amended the Mines and Minerals (Development and Regulation) Act, 1957 empowering the Central Government to exclusively auction mining lease and composite license for certain critical minerals.Which of the statements given above are correct?Consider the following statements:
I. India has joined the Minerals Security Partnership as a member. II. India is a resource-rich country in all the 30 critical minerals that it has identified. III. The Parliament in 2023 has amended the Mines and Minerals (Development and Regulation) Act, 1957 empowering the Central Government to exclusively auction mining lease and composite license for certain critical minerals.
Which of the statements given above are correct?
- Economy
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 stock 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 risks of options trading or to act on unregistered financial advisors in this regard.
Which of the statements given above are correct?
View Answer for: 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 stock 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 risks of options trading or to act on unregistered financial advisors in this regard.Which of the statements given above are correct?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 stock 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 risks of options trading or to act on unregistered financial advisors in this regard.
Which of the statements given above are correct?
- Economy
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 (BRSR). 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?
View Answer for: 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 (BRSR). 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?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 (BRSR). 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?
- Economy
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.
View Answer for: 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 notesSelect the correct answer using the code given below.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.
- Economy
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?
View Answer for: With reference to investments, consider the following:I. Bonds II. Hedge Funds III. Stocks IV. Venture CapitalHow many of the above are treated as Alternative Investment Funds?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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