UPSC CSE Preliminary 2018- An Analysis of Questions from Economy

Introduction

It is very important to analyze previous years’ question paper subject wise. It gives a 2-way benefit. On one hand, it gives you a very clear picture regarding the way UPSC thinks about the particular subject, while on the other hand, it makes you minutely strong on different subtopics on that subject. The rule is very simple, the more relevant and standard questions you face, the better your preparation will be.

Here, in this write up, I would like to go through the 2018 Preliminary (General Studies –I) question paper and analyze the ECONOMY Part.

Download the Question Paper along with analysis by IASGYAN Experts HERE

 

Here I am taking Question Paper Booklet No: A with me. So Question Numbers may vary with other series.

Serial No	Question Number	Topic	Static Portion Study
1	3	Situation Assessment Survey of Agricultural Household by NSSO	About NSSO and Ministry of Statistics and Programme Implementation
2	6	Merchant Discount Rate	About MDR
3	8	Equalisation Levy	a.      All about Equalisation Levy b.      Why is Equalisation Levy relevant in 2020 ?
4	9	FRBM Review Committee Report	Latest Development regarding FRBM
5	10	Edible Oil Import	a.      All about Edible Oil Import b.      All about India’s Import and Export
	15	ATMs	a.      Know RBI Guideline regarding ATMs b.      Know About CATMi
7	16	Capital Adequacy Ratio(CAR)	RBI guidelines on CAR
8	26	Geographical Indication (GI)	a.      GI TAG India b.      WIPO Guideline on GI Tag. c.      WIPO FAQ on GI Tag
9	27	Coal Mine Auction	a.      Coal Mine Auction b.      Current List of Coal Mines for Auction.
10	28	BHIM App	a.      All about BHIM App b.      National Payments Corporation of India (NPCI)

11	30	ILO Convention 138 and 182	a.      ILO Conventions ratified by India-2017 b.      ILO Conventions and India c.      About ILO
12	36	Digital India Plan	All about Digital India
13	46	Legal Tender Money	RBI Guideline on Legal Tender Money
14	47	Opportunity Cost	a.      All About Opportunity Cost b.      Opportunity Cost-NCERT
15	48	Per Capita Real GNP and Economic Development	a.      GNP-NCERT. b.      GNP and Economic Development
16	49	Human Capital Formation	Human Capital in India -NCERT Concept of Human Capital Formation
17	50	Capital Formation in India	Savings and Capital Formation in India
18	56	Government Securities	a.      RBI FAQ
19	63	GM Mustard	a.      About GM Mustard b.      About GM Crops-FAO c.      GM Crops and India.
20	67	Solar Power Production in India	a.      Solar Power in India b.      Renewable Energy in India.
21	83	Green Economy	a.      Green Economy- UN. b.      Green Economy India.
22	96	Governance in Public Sector Banks	a.      RBI Paper. b.      Capital Infusion c.      Merger of Public Sector Banks

So from the above table, we can see that a total of 20+ questions were asked from the Economy. Banking was very important along with Macro-economy.

The Macro-economy part could have been done with proper revision of NCERTs.

Questions were mainly conceptual type. So, the Static Portions are still relevant and well worth a revision. 

 To build conception on Current Topics please follow our Daily News Analysis

Conclusion

 

The Cut-off marks in Preliminary Examination in the year 2018 was 98. 22 Questions from Economy section was indeed a deciding factor in the UPSC Preliminary Selection in 2018.  Hence, it may be easily concluded that those who had their grip over ECONOMY sailed through while the others couldn’t make it last year.

 

This year again, with so many things happening around for the revival of Economy, it will remain as an important subject. Bank Mergers, Economic Stimulus, Economic Indices, GDP predictions, RBI Interventions, GST issues are all very much in news throughout the year. So gear up your preparation to give yourself a big chance to sail through the UPSC CSE Preliminary exam 2020.

For Perfect Revision Please follow the The IAS Gazette Magazine.

Download August 2020 Copy HERE