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Economics Questions - UPSC Prelims - 1995 & 1996 past paper analysed Video Lecture | UPSC Prelims Previous Year Paper Discussions (Hindi)
FAQs on Economics Questions - UPSC Prelims - 1995 & 1996 past paper analysed Video Lecture - UPSC Prelims Previous Year Paper Discussions (Hindi)
| 1. What are the key economic concepts tested in the UPSC Prelims 1995 and 1996? |  |
Ans.The key economic concepts tested in the UPSC Prelims 1995 and 1996 include inflation, fiscal policy, monetary policy, economic growth, and international trade. Questions often focus on definitions, implications of these concepts, and their relevance to current economic scenarios.
| 2. How can one prepare effectively for the Economics section of the UPSC Prelims? | |
Ans.Effective preparation for the Economics section of the UPSC Prelims can be achieved by studying NCERT textbooks, referring to standard economic textbooks, staying updated with current economic affairs, and practicing previous years’ question papers to understand the exam pattern.
| 3. What role does fiscal policy play in economic stability as per UPSC syllabus? | |
Ans.Fiscal policy plays a crucial role in economic stability by influencing government spending and taxation. It helps manage economic fluctuations, promote growth, and control inflation. Understanding its tools and objectives is essential for the UPSC examination.
| 4. Why is monetary policy significant for the economy in the context of the UPSC exam? | |
Ans.Monetary policy is significant for the economy as it regulates money supply and interest rates, influencing inflation, investment, and consumption. Knowledge of the monetary policy framework and its impact is vital for answering related questions in the UPSC exam.
| 5. What are some common types of questions related to international trade in UPSC Prelims? | |
Ans.Common types of questions related to international trade in UPSC Prelims include concepts of balance of trade, trade deficits, trade policies, and the impact of globalization. Questions may require understanding trade agreements and their implications for the Indian economy.
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