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UPSC Mains: Economy Previous Year Questions

GS paper 3 is often challenging for many candidates. To simplify the preparation process analysis of previous year papers is a very productive step. GS SCORE Mains PYQ explained (Paper 3) presents to you detailed explanation of year wise PYQs that will help you in developing an approach to study

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(Including GST)

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  1. Total number of videos of PYQs with Model Answers : 62
  2. Total number of Theme videos: 7
  3. Trend analysis video: 1

The module includes following components to give you a holistic coverage of the PYQs:

Trend analysis & Approach:

  • This includes video discussion on trends of questions asked from 2015-2021 by UPSC along with detailed approach to the subject.

Themes Discussion:

  • To demarcate the important areas, the entire syllabus has divided into various themes. In Depth video discussion will be provided on each theme.

Model Answers

  • For each PYQ Model Approach and Model Hints shall be provided.

Answer Discussion

  • For each PYQ answer discussion will be available focusing on concepts explanation approach to the answer.

Probable questions

  • At the end of the each answer discussion videos we will also provide probable question and dimensions from the same topic to enhance your outlook towards the topic.

Sample Question & Discussions

  • Do you agree with the view that steady GDP growth and low inflation have left the Indian economy in good shape? Give reasons in support of your arguments?2019 Video & Solution
  • Account for the failure of manufacturing sector in achieving the goal of labour-intensive exports. Suggest measures for more labour-intensive rather than capital-intensive exports.2017 Video & Solution

Videos

  • Theme Video 1 (Economy)
  • Theme Video 2 (Economy)
  • Theme Video 3 (Economy)
  • Theme Video 4 (Economy)
  • Theme Video 5 (Economy)
  • Theme Video 6 (Economy)
  • Theme Video 7 (Economy)
  • PYQ Economy Trend Analysis

Questions

  • Explain the difference between computing methodology of India’s Gross Domestic Product (GDP) before the year 2015 and after the year 2015.2021
  • Distinguish between Capital Budget and Revenue Budget. Explain the components of both these Budgets.2021
  • How did land reforms in some parts of the country help to improve the socio-economic conditions of marginal and small farmers?2021
  • How and to what extent would micro-irrigation help in solving India’s water crisis?2021
  • Discuss how emerging technologies and globalisation contribute to money laundering. Elaborate measures to tackle the problem of money laundering both at national and international levels. (Answer in 150 words)2021
  • Do you agree that the Indian economy has recently experienced V- shapes recovery? Give reasons in support of your answer.2021
  • “Investment in infrastructure is essential for more rapid and inclusive economic growth. “Discuss in the light of India’s experience.2021
  • 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?2021
  • What are the present challenges before crop diversification? How do emerging technologies provide an opportunity for crop diversification?2021
  • Define potential GDP and its determinants. What are the factors that have been inhibiting India from realizing its potential GDP?2020
  • Explain the rationale behind the Goods and Services Tax (Compensation to states) act of 2017. How has COVID-19 impacted the GST compensation fund and created new federal tensions?2020
  • Explain intra-generational and inter-generational issues of equity from the perspective of inclusive growth and sustainable development.2020
  • What are the main constraints in the transport and marketing of agricultural produce in India?2020
  • How is science interwoven deeply with our lives? What are the striking changes in agriculture triggered off by the science-based technologies?2020
  • What are the challenges and opportunities of the food processing sector in the country? How can the income of the farmers be substantially increased by encouraging food processing?2020
  • Explain the meaning of investment in an economy in terms of capital formation. Discuss the factors to be considered while designing a concession agreement between a public entity and a private entity.2020
  • Do you agree with the view that steady GDP growth and low inflation have left the Indian economy in good shape? Give reasons in support of your arguments?2019 Video & Solution
  • It is argued that the strategy of inclusive growth is intended to meet the objectives of inclusiveness and sustainability together. Comment on this statement.2019
  • Enumerate the indirect taxes which have been subsumed in the goods and services tax (GST) in India. Also, comment on the revenue implications of the GST introduced in India since July 2017?2019
  • The public expenditure management is a challenge to the Government of India in context of budget making during the post liberalization period. Clarify it.2019
  • How far is Integrated Farming System (IFS) helpful in sustaining agricultural production?2019
  • How was India benefitted from the contributions of Sir M. Visvesvaraya and Dr. M. S. Swaminathan in the fields of water engineering and agricultural science respectively?2019
  • Elaborate the impact of National Watershed Project in increasing agricultural production from water-stressed areas.2019
  • How can biotechnology help to improve the living standards of farmers?2019
  • What are the reformative steps taken by the Government to make food grain distribution system more effective?2019
  • Elaborate the policy taken by the Government of India to meet the challenges of the food processing sector.2019
  • How are the principles followed by NITI Aayog different from those followed by the erstwhile planning commission in India?2018
  • Comment on the important changes introduced in respect of the Long term Capital Gains Tax (LCGT) and Dividend Distribution Tax (DDT) in the Union Budget for 2018-2019.2018
  • How has the emphasis on certain crops brought about changes in cropping patterns in recent past? Elaborate the emphasis on millets production and consumption.2018
  • What do you mean by Minimum Support Price (MSP)? How will MSP rescue the farmers from the low income trap?2018
  • Assess the role of National Horticulture Mission (NHM) in boosting the production, productivity and income of horticulture farms. How far has it succeeded in increasing the income of farmers?2018
  • Examine the role of supermarkets in supply chain management of fruits, vegetables and food items. How do they eliminate number of intermediaries?2018
  • How would the recent phenomena of protectionism and currency manipulations in world trade affect macroeconomic stability of India?2018
  • Among several factors for India's potential growth, saving rate is the most effective one. Do you agree? What are the other factors available for growth potential?2017
  • Account for the failure of manufacturing sector in achieving the goal of labour-intensive exports. Suggest measures for more labour-intensive rather than capital-intensive exports.2017 Video & Solution
  • What are the salient features of 'Inclusive growth'? Has India been experiencing such a growth process? Analyse and suggest measures for inclusive growth? 2017
  • One of the intended objectives of the Union Budget 2017-18 is to 'transform, energise and clean India'. Analyse the measures proposed in the Budget 2017-18 to achieve the objective.  2017
  • What are the major reasons for declining rice and wheat yield in the cropping system? How crop diversification is helpful to stabilize the yield of the crops in the system?2017
  • How do subsidies affect the cropping pattern, crop diversity and economy of farmers? What is the significance of crop insurance, minimum support price and food processing for small and marginal farmers?2017
  • Explain various types of revolutions, took place in agriculture after independence in India. How these revolutions have helped in poverty alleviation and food security in India?2017
  • What are the reasons for poor acceptance of cost-effective small processing unit? How the food processing unit will be helpful to uplift the socio-economic status of poor farmers?2017
  • "Industrial growth rate has lagged-behind in the overall growth of Gross-Domestic-Product (GDP) in the post-reform period." Give reasons. How far the recent changes in Industrial-Policy are capable of increasing the industrial growth rate?2017
  • Examine the development of airports in India through joint ventures under Public-Private Partnership (PPP) model. What are the challenges faced by the authorities in this regard?2017
  • Justify the need for FDI for the development of the Indian economy. Why there is gap between MOUs signed and actual FDIs? Suggest remedial steps to be taken for increasing actual FDIs in India.2016
  • What are 'Smart Cities'? Examine their relevance for urban development in India. Will it increase rural-urban differences? Give arguments for 'Smart Villages' in the light of PURA and RURBAN Mission.2016
  • Pradhan Mantri Jan-Dhan Yojana (PMJDY) is necessary for bringing unbanked to the institutional finance fold. Do you agree with this for financial inclusion of the poorer section of the Indian society? Give arguments to justify your opinion.2016
  • Comment on the challenges for inclusive growth which include careless and useless manpower in the Indian context. Suggest measures to be taken for facing these challenges.2016
  • Women empowerment in India needs gender budgeting. What are the requirements and status of gender budgeting in the Indian context?2016
  • What is allelopathy? Discuss its role in major cropping systems of irrigated agriculture.2016
  • What is water-use efficiency? Describe the role of micro-irrigation in increasing the water-use efficiency.2016
  • Give the vulnerability of Indian agriculture to vagaries of nature, discuss the need for crop insurance and bring out the salient features of the Pradhan Mantri Fasal Bima Yojana (PMGBY).2016
  • Discuss the role of land reforms in agriculture development. Identify the factors that were responsible for the success of land reforms in India.2016
  • How globalization has led to the reduction of employment in the formal sector of the Indian economy? Is increased informalization detrimental to the development of the country?2016
  • The nature of economic growth in India in recent times is often described as jobless growth. Do you agree with this view? Give arguments in favour of your answer.2015
  • Craze for gold in Indians has led to a surge in import of gold in recent years and put pressure on balance of payments and external value of rupee. In view of this, examine the merits of Gold Monetization Scheme.2015
  • There is a clear acknowledgement that Special Economic Zones (SEZs) are a tool of industrial development, manufacturing and exports. Recognising this potential, the whole instrumentality of SEZs require augmentation. Discuss the issues plaguing the success of SEZs with respect to taxation, governing laws and administration.2015
  • How can the ‘Digital India’ programme help farmers to improve farm productivity and income? What steps has the Government taken in this regard?2015
  • In what way could replacement of price subsidy with Direct Benefit Transfer (DBT) change the scenario of subsidies in India? Discuss.2015
  • Livestock rearing has a big potential for providing non-farm employment and income in rural areas. Discuss suggesting suitable measures to promote this sector in India.2015
  • What are the impediments in marketing and supply chain management in developing the food processing industry in India? Can e-commerce help in overcoming these bottlenecks?2015
  • In view of the declining average size of land holdings in India which has made agriculture non – viable for a majority of farmers, should contract farming and land leasing be promoted in agriculture? Critically evaluate the pros and cons.2015
  • “Success of ‘Make in India’ programme depends on the success of ‘Skill India’ programme and radical labour reforms.” Discuss with logical arguments.2015

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