Economy
Orientation
ECONOMY IMPORTANCE
Year Economy Polity History Geography Current Sci Tech Env and
Affairs Ecology
2015 13 13 17 16 26 08 11
2016 18 07 15 07 27 08 18
2017 16 22 14 09 15 09 15
2018 18 13 22 10 14 10 13
2019 14 15 17 14 22 07 11
2020 15 17 20 10 18 10 10
2021 15 14 20 10 14 12 15
Marks Distribution GS 3 - 2021
Economy 40%
Env and DM 24%
Sci Tech 16%
Internal Security 20%
Economy Importance in Mains
140
125 125
120
110
100 100 100
80
60
40
20
0
2017 2018 2019 2020 2021
• Economic and social development – Sustainable
PRELIMS
development, Poverty, Inclusion,
Demographics, Social Sector Initiatives etc
SYLLABUS
• Based on Conceptual Understanding
• Current Oriented
TYPES OF
• Economic Survey and Budget
• Based on Terminology
Combination of the above
QUESTIONS
•
• Monetary Policy
• Fiscal Policy
• Budget and Economic Survey
• International Trade
• Economic Institutions
Other Macroeconomics Concepts
MICRO
•
• Microeconomics
Human Resource Development
LISTING
•
• Infrastructure
• Energy
• Other Miscellaneous
In India, the central bank's function as the 'lender of last
resort' usually refers to which of the following?
1. Lending to trade and industry bodies when they fail
to borrow from other sources
2. Providing liquidity to the banks having a temporary
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crisis
3. Lending to governments to finance budgetary
deficits
Select the correct answer using the code given below 2021
A. 1 and 2
B. 2 only
C. 2 and 3
D. 3 only
Which one of the following is not the most likely measure
the Government/ RBI takes to stop the slide of Indian
rupee?
A. Curbing imports of non essential goods and
promoting exports
B. Encouraging Indian borrowers to issue rupee
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denominated Masala Bonds
C. Easing conditions relating to external commercial 2019
borrowing
D. Following an expansionary monetary policy
Important
Tricks
Consider the following statements:
1. Coal sector was nationalized by the Government of India
under Indira Gandhi
2. Now, coal blocks are allocated on lottery basis
3. Till recently, India imported coal to meet the shortages of
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domestic supply, but now India is self - sufficient in coal
product
Which of the statements given above is/are correct?
A. 1 only 2019
B. 2 and 3 only
C. 3 only
D. 1, 2 and 3
Under the Kisan Credit Card scheme, short-term credit support
is given to farmers for which of the following purposes?
1. Working capital for maintenance of farm assets
2. Purchase of combine harvesters, tractors and mini trucks
3. Consumption requirements of farm households
4.
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Post-harvest expense
5. Construction of family house and setting up of village cold
storage facility
Select the correct answer using the code given below: 2020
A. 1, 2 and 5 only
B. 1, 3 and 4 only
C. 2, 3, 4 and 5 only
D. 1, 2, 3, 4 and 5
Consider the following statements:
1. The Governor of the Reserve bank of India (RBI) is a
appointed by the Central Government
2. Certain provisions in the Constitution of India give the
Central Government the right to issue directions to the RBI
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in public interest
3. The Governor of the RBI draws his power from the RBI Act
Which of the above statements are correct?
A. 1 and 2 only 2020
B. 2 and 3 only
C. 1 and 3 only
D. 1, 2 and 3
Approach
MAINS
• Indian Economy and issues relating to planning,
mobilization, of resources, growth, development
and employment
• Inclusive growth and issues arising from it
• Government Budgeting
• Effects of liberalization on the economy, changes
in industrial policy and their effects on industrial
•
growth
Infrastructure: Energy, Ports, Roads, Airports,
Economy
Railways etc
• Investment models
• Major crops-cropping patterns in various parts of the
country, - different types of irrigation and irrigation
systems storage, transport and marketing of agricultural
produce and issues and related constraints; e-technology
in the aid of farmers
• Issues related to direct and indirect farm subsidies and
minimum support prices; Public Distribution System-
objectives, functioning, limitations, revamping; issues of
buffer stocks and food security; Technology missions;
•
economics of animal-rearing
Food processing and related industries in India- scope’
Agriculture
and significance, location, upstream and downstream
requirements, supply chain management
• Land reforms in India
• Explain the difference between computing methodology
of India’s Gross Domestic Product (GDP) before the year
2015 and after the year 2015. (Answer in 150 words)
• Distinguish between Capital Budget and Revenue Budget.
Explain the components of both these Budgets. (Answer in
150 words) UPSC 2021
• How did land reforms in some parts of the country help to
improve the socio-economic conditions of marginal and
small farmers ? (Answer in 150 words)
• What are the salient features of the National Food
Security Act, 2013 ? How has the Food Security Bill helped
in eliminating hunger and malnutrition in India? (Answer in
250 words)
• What are the present challenges before crop
diversification? How do emerging technologies provide an
opportunity for crop diversification? (Answer in 250 UPSC 2021
words)
• How and to what extent would micro-irrigation help in
solving India’s water crisis ? (Answer in 150 words)
[Link] are the challenges and opportunities of food
processing sector in the country? How can income of the
farmers be substantially increased by encouraging food
processing? (2020)
[Link] on the policy taken by the Government of India to
meet the challenges of the food processing sector. (2019)
Theme
[Link] is the significance of crop insurance, minimum
support price and food processing for small and marginal Repetition
farmers? (2017)
Sources
Thanks!
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