Economics Module For General Studies Upsc 2025 PDF

 MUPTIPLE CHOICE QUESTIONS (MCQs) Question-1: Fill in the blanks: 1. Currently, Manufacturing sector contributes around _____% to India’s GDP. 2. Mining and Quarrying has recently contributed around ____% to India’s GDP 3. ______________ is the second largest contributor in India’s GDP...

 MUPTIPLE CHOICE QUESTIONS (MCQs) Question-1: Fill in the blanks: 1. Currently, Manufacturing sector contributes around _____% to India’s GDP. 2. Mining and Quarrying has recently contributed around ____% to India’s GDP 3. ______________ is the second largest contributor in India’s GDP within Industrial Sector. 4. _____________________ contributes around 30% to India’s GDP. Select from the following options: a. 15%/ 17% b. 2%/3% c. Public Utilities/Construction d. Manufacturing/Industries Question-2: Consider the following statements regarding Lewis Model: 1. It is a two-sector model. 2. It is a three-sector model. 3. It assumes unhindered supply of labour from industries to services. How many of the above statements are correct? a. Only one b. only two c. All three d. None of these Question-3: Which of the following is being developed as the Industrial Corridor under NICDP? 1. Hyderabad-Nagpur Industrial Corridor 2. Hyderabad-Warragal Industrial Corridor 3. Hyderabad-Bengaluru Industrial Corridor How many of the above statements are correct? a. Only one b. only two c. All three d. None of these Question-4: Consider the following statements regarding Industrial Smart Cities: 1. They follow the principle of “Plug-and-Play”. 2. They aim to promote exports. 3. MSMEs are neglected. How many of the above statements are correct? a. Only one b. only two c. All three d. None of these Question- 5:Which of the following statements are correct regarding PLI 1. Telecom and Textile have performed well under PLI in 2023-24. 2. It is promoting the import substitution in Indian Industries. 3. India has become fully self-sufficient in Active Pharma Ingredients (API) due to PLI Economics Module for GS (UPSC 2025) Dr. Jayant Parikshit Page 1 of 14 How many of the above statements are correct? a. Only one b. only two c. All three d. None of these Question-6: Fill in the blanks to complete the definition of MSMEs in India: TYPE Micro Small Medium Question-7: Consider the following statements regarding MSMEs: 1. The turnover with respect to exports is not counted in the limits of turnover for any category of MSME. 2. Government has included Retail and Wholesale trades as MSMEs. 3. Benefits to Street Vendors are to be restricted to Priority Sector Lending (PSL) only. 4. The labour to capital ratio in MSMEs is higher than in most large industries. How many of the above statements are correct? a. Only one b. Only two c. Only three d. All Four Question-8: Consider the following statements regarding the MSMEs in India: 1. A composite criterion of investment and turnover shall apply for classification of an enterprise as micro, small or medium. 2. The turnover for all categories are calculated inclusive of exports but for micro enterprises. 3. Manufacturing and service MSMEs are defined using different criterions. How many of the above options are correct: a. Only one b. Only two c. All three d. None of these Question-9: Which of the following are correct regarding delayed payment to MSMEs by a buyer as per recent developments? 1. Section 15 of the MSMED Act, 2006, alongside the newly introduced (2023) Section 43B(h) of the Income Tax Act, mandate the buyer to pay rate of interest equal to three times (x3) the Repo as notified by RBI. 2. The pending payment potentially increases the tax liability of seller business entity. Select the correct options: a. 1 only b. 2 only c. Both 1&2 d. None of these Economics Module for GS (UPSC 2025) Dr. Jayant Parikshit Page 2 of 14 Questin-10: Which of the following statements with regard to Make in India initiative of the government is not correct? a. In order to guide the foreign investors a body named “Invest India” has been created. b. The government has identified key sectors with potential to attract investment. c. The initiative also aims to turn some Indian sectors into global champions. d. The program is being implemented by Ministry of Finance. Question-11: Which of the following is not correct in the context of Industrial Cluster development in India? a. Industrial cluster plays an important role for the MSME participants in their inclusiveness, technology absorption and efficiency improvement. b. Industrial Clusters are visible in traditional handloom, handicrafts and modern SME. c. Industrial cluster programmes in India are administered by various ministries. d. Industrial Clusters lead promotion of monopoly in the market. Quesiton-12: Which of the following is correct statement regarding DPIIT? a. It works under Department of Commerce. b. It manages the manufacturing sector under Make in India. c. It compiles the monthly data of WPI. d. It provides certificates to start-ups upon the fulfilment of eligibility conditions. How many of the above statements are correct? 1. Only one 2. Only two 3. Only three 4. All four Question-13: Consider the following statements regarding “Zero Defect, Zero Effect” certification scheme: 1. ZED aims to develop an ecosystem of zero defect and energy efficient manufacturing in large scale enterprise. 2. There will be district specific assessment parameters for each industry 3. It is compulsory to have ZED to get Mudra Loan. How many of the above statements are correct? a. Only One b. Only Two c. Only Three d. None of these Question-14: Consider the following statements with respect to Government e-marketplace: 1. It facilitates online procurement of goods and services required by various government departments, organizations and PSEs. 2. It gives huge uplift for growth of MSMEs manufacturers and service providers. 3. It provides a push to MSMEs led by some selected disadvantage sections. How many of the above statements are correct? a. Only One b. Only Two c. Only Three d. None of these Economics Module for GS (UPSC 2025) Dr. Jayant Parikshit Page 3 of 14 Question-15: Consider the following statements regarding Make in India 2.0 Initiative by GoI: 1. Department for Promotion of Industry and Internal Trade is coordinating action plans for manufacturing & service sectors under MII 2.0 2. MII mainly aims to promote foreign investment in domestic industries. Choose the correct option: a. Only1 b. Only2 c. Both1&2 d. None of these Question-16: India is trying to boost its manufacturing sector. In this regard which of the following is correct: 1. Share of manufacturing sector in India’s GDP is one-third in comparison to share of Chinese manufacturing in its GDP. 2. India wants to achieve nearly 13% growth rate in manufacturing sector. Choose the correct option: a. Only1 b. Only2 c. Both1&2 d. None of these Question-17: Which of the following is not regarded as pillars under Make in India? 1. New Process 2. New Infrastructure 3. New Sectors 4. New Governance Choose the correct option: a. Only1 b. Both2&3 c. 1,2&3 d. 1,2,3,&4 Question-18: Which of the following are potential impacts of Make in India___________________ 1. Reduce red tapism 2. Make Indian industries competitive 3. Construct infrastructure in India 4. Promote MSMEs Choose the correct option: a. Only1 b. Both2&3 c. 1,2&3 d. 1,2,3,&4 e. None of these Economics Module for GS (UPSC 2025) Dr. Jayant Parikshit Page 4 of 14 Question-19:Make in India aims to promote Indian manufacturing landscape. Which of the following is correct regarding Make in India? 1. It promotes skill based employment. 2. M.I.I. slowed down post-covid mainly because of inflation. Choose the correct option: a. Only1 b. Only2 c. Both1&2 d. None of these Question-20: Consider the following statements regarding PLI Scheme: 1. Subsidies are provided over incremental sales and investment in plant and machinery 2. Incentives are released only after production has occurred in India. 3. It promotes global champions. 4. PLI currently covers 13 sectors Choose the correct option: a. Only1 b. Only2 c. Both2&3 d. 1,2&3 e. 1,2,3,&4 Question-21: Consider the following statements regarding PLI Scheme: 1. PLI currently covers 13 sectors 2. The latest sector to be covered under PLI is Drone sector. Choose the correct option: a. Only1 b. Only2 c. Both1&2 d. None of these Question-22: The Industrial Sector depends on the Agricultural Sector because _______ a. Agriculture Sector provides food and other products for the consumption purposes of Industrial Sector b. Agriculture Sector provides raw-materials for the development of a agro-based industries of the economy c. Agricultural Sector provides market for the industrial products. d. All of the above Question-23: Consider the following statements regarding Start-Up India Scheme: 1. Start-up means an entity registered in India not prior to 10 years, with annual turnover not exceeding Rs 100cr in last 10 years in total. 2. Such entity is not formed by splitting up or reconstruction of a business already in existence. Choose the correct option: a. Only1 b. Only2 c. Both1&2 d. None of these Economics Module for GS (UPSC 2025) Dr. Jayant Parikshit Page 5 of 14 Question-24: Who can apply for subsidy under Credit Linked Subsidy Scheme for MSMEs: a. SCs led MSMEs b. STs led MSMEs c. Women led MSMEs d. North East MSMEs e. Hilly Areas MSMEs f. Only a g. Both a & b h. a,b&c i. a,b,c,d,&e Question-25: Which of the following statements are true regarding Indian Industries since launch of Make in India & PLI? 1. More sectors have opened up to invite foreign investment. 2. Infrastructure development has paced up to support industries. 3. Ease of doing Business is a sufficient condition to promote Industrial investment in a developing country like India. How many of the above statements are correct? a. Only One b. Only Two c. Only Three d. None of these Economics Module for GS (UPSC 2025) Dr. Jayant Parikshit Page 6 of 14 Question-1: Examine the efficacy of “Production Linked Incentive” Scheme for Indian Economy. (15 marks, 250 words). Economics Module for GS (UPSC 2025) Dr. Jayant Parikshit Page 7 of 14 Economics Module for GS (UPSC 2025) Dr. Jayant Parikshit Page 8 of 14 Economics Module for GS (UPSC 2025) Dr. Jayant Parikshit Page 9 of 14 Question-2: Discuss the reasons for poor performance of Indian Industries, esp manufacturing sector. What steps has the government taken to improve manufacturing in general and MSMEs in particular to boost Indian Industries. (15 marks, 250 words) Economics Module for GS (UPSC 2025) Dr. Jayant Parikshit Page 10 of 14 Economics Module for GS (UPSC 2025) Dr. Jayant Parikshit Page 11 of 14 Economics Module for GS (UPSC 2025) Dr. Jayant Parikshit Page 12 of 14 Question-3: Make in India presents both opportunities and challenges for Indian Industries. Elaborate. (10 marks, 150 words) Economics Module for GS (UPSC 2025) Dr. Jayant Parikshit Page 13 of 14 Economics Module for GS (UPSC 2025) Dr. Jayant Parikshit Page 14 of 14