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Economy Previous Year Questions UPSC Prelims – UPSC Economics Questions [2022 – 2013]

By Balaji

Updated on: March 12th, 2023

Economy previous year questions UPSC Prelims can be downloaded year-wise from the links shared in this article. It is a highly important subject in the Prelims stage as out of the total number of questions, around 13 to 16% are asked from Economics topics. Some of the common topics from which UPSC Prelims economy questions are asked includes inflation, monetary policy, RBI policies and ongoing events, e-commerce, foreign direct investment, etc. This year, the Prelims exam is scheduled to take place on 28 May 2023, so it is a high time for candidates to start preparing through UPSC economics previous year questions to understand the difficulty level and the type of questions generally asked.

In this article, one can find the Economy previous year questions UPSC Prelims for the last 10 years from 2013 to 2022 along with their answers, trends, and the preparation tips suggested by experts to score well in this subject.

Table of content

(more)
  • 1. Economy Previous Year Questions UPSC Prelims (more)
  • 2. Topics of UPSC Prelims Economy Questions (more)
  • 3. UPSC Prelims Economy Questions 2022 (more)
  • 4. UPSC Economics Previous Year Questions 2021 (more)
  • 5. Economy Previous Year Questions UPSC Prelims Trend (more)
  • 6. How to Prepare for UPSC Prelims Economy Questions? (more)

Economy Previous Year Questions UPSC Prelims

The economy section holds significant importance in the UPSC Prelims exam. The economy previous year questions UPSC can be related to current affairs, and candidates have to prepare accordingly. Candidates should go through the UPSC Syllabus carefully and analyse the previous year’s question papers for effective preparation. We have provided the direct download links of UPSC Prelims economy questions for the last 10 years here:

Topics of UPSC Prelims Economy Questions

Candidates need to know the topics from which economy previous year questions in UPSC Prelims were asked as it would help them figure out the types of questions asked topic-wise from this subject. In addition, candidates would be able to know the best strategy to prepare for the UPSC Prelims Economy Questions and ace this section.

Topics of UPSC Economics Questions
Direct and Indirect taxes Inflation
Sectors of Indian Economy Monetary Policy
FDI World Trade Organisation (WTO)
International Monetary Fund (IMF) NITI Aayog
Reserve Bank of India Minimum Support Price
Industrial policy Sustainable Development Goals
Investment models  

Small Finance Banks

Non-Banking Financial Company (NBFC) Fiscal Policy in India

UPSC Prelims Economy Questions 2022

Last year, the UPSC Prelims exam was conducted on 05 June 2022 in which 15.3% of questions are from Economics subject. We have covered all the UPSC Prelims economy questions of 2022 below.

UPSC Prelims Economy Questions

UPSC Prelims Economy Questions

UPSC Prelims Economy Questions

Answer Key for UPSC Economy Prelims 2022 Questions:

UPSC Economy Questions in Prelims 2022 – Answers
1. b 2. c
3. b 4. c
5. a 6. b
7. a 8. d
9. a 10. c
11. d 12. a
13. b 14. b

UPSC Economics Previous Year Questions 2021

The UPSC Economy Prelims questions asked in 2021 are given below.

UPSC Prelims Economy Questions

UPSC Prelims Economy Questions

UPSC Prelims Economy Questions

Answer Key for UPSC Economy Prelims 2021 Questions:

UPSC Prelims Economy Answer Key 2021
1. C 8. A
2. A 9. B
3. B 10. D
4. B 11. A
5. C 12. A
6. C 13. D
7. B 14. D

Economy Previous Year Questions UPSC Prelims Trend

The number of UPSC Prelims Economy Questions has been constantly around 10-20 for the last 5 years. It shows the importance of the economy section in UPSC Prelims. To make things more clear, we have mentioned the number of economy questions asked in UPSC Prelims every year in the table below.

Year Economy PYQ UPSC Prelims – Number of Questions
UPSC Prelims Economy Questions 2022 18
Economy Questions in UPSC Prelims 2021 14
UPSC Economy Questions in Prelims 2020 14
UPSC Prelims Economy Questions 2019 13
Economy Questions UPSC Prelims 2018 13
UPSC Prelims Economy Questions 2017 6
Economy Questions UPSC Prelims 2016 20
Economy Questions 2015 UPSC Prelims 14
UPSC Economy Questions Prelims 2014 10
Economy Questions UPSC Prelims 2013 18

How to Prepare for UPSC Prelims Economy Questions?

The difficulty level of UPSC Prelims Economy Questions can vary from moderate to tough, and that’s why it is advised to have a solid preparation strategy to back up your preparation. Below we will be sharing some proven tips from the experts to ace the economy section in UPSC Prelims.

  • Start with the basics, and follow the UPSC NCERT Books for Economics. NCERTs will help you build a strong foundation, and along with it, you can follow ‘Indian Economy by Ramesh Singh’ to understand the advanced topics.
  • Focus on the core topics of economics. In the UPSC Prelims, Economy Questions are designed to test your basic knowledge of the subject.
  • Build a habit of reading the newspaper daily so that you will stay updated with the economic developments of the country.
  • Make notes, and revise them daily to have maximum retention of the concepts you have studied.
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