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Economics Questions - UPSC Prelims - 1997 & 1998 past paper analysed Video Lecture | UPSC Prelims Previous Year Paper Discussions (Hindi)
FAQs on Economics Questions - UPSC Prelims - 1997 & 1998 past paper analysed Video Lecture - UPSC Prelims Previous Year Paper Discussions (Hindi)
| 1. What were the main economic issues highlighted in the UPSC Prelims 1997 and 1998? |  |
Ans. The main economic issues highlighted in the UPSC Prelims 1997 and 1998 included fiscal policy, monetary policy, inflation, economic reforms, and the impact of globalization on the Indian economy.
| 2. How did the economic reforms of the 1990s influence the questions in the UPSC exams? | |
Ans. The economic reforms of the 1990s were a significant topic in the UPSC exams, as they transformed India's economic landscape. Questions often focused on the liberalization process, privatization, and deregulation, and their effects on growth and development.
| 3. What is the significance of monetary policy in the context of the UPSC Prelims exams? | |
Ans. Monetary policy is crucial for managing inflation and ensuring economic stability. In the context of UPSC exams, understanding its tools, such as interest rates and reserve requirements, is essential for answering questions related to economic management.
| 4. How can candidates prepare for economics questions in the UPSC Prelims? | |
Ans. Candidates can prepare by focusing on current economic events, understanding basic economic concepts, reviewing past papers, and studying relevant economic theories and policies that have impacted India’s economy.
| 5. What role do inflation and fiscal policy play in the UPSC Economics syllabus? | |
Ans. Inflation and fiscal policy are key components of the UPSC Economics syllabus. Questions often explore their causes, effects, and the government's role in managing them, making it essential for candidates to grasp these concepts thoroughly.
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