Business & Economy — UPSC Prelims Previous Year Questions
26 questions from UPSC CSE Prelims GS Paper 1 on Business & Economy (Current Affairs). Spanning from 1999 to 2024. Practice with show/hide answers and detailed explanations.
Based on 26 questions across 11 years, UPSC has consistently tested aspirants' understanding of Business & Economy within the broader Current Affairs syllabus. The questions range from factual recall to application-based analysis.
Recent trends show UPSC moving towards statement-based questions that combine multiple aspects of Business & Economy. Aspirants should focus on understanding concepts rather than memorizing isolated facts.
Q: Consider the following statements:
Statement-I:
Recently, Venezuela has achieved a rapid recovery from its economic crisis and succeeded in preventing its people from fleeing/emigrating to other countries.
Statement-II:
Venezuela has the world’s largest oil reserves.
Which one of the following is correct in respect of the above statements?
(a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
(b)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
(c)Statement-I is correct, but Statement-II is incorrect
(d)Statement-I is incorrect, but Statement-II is correct
Q: निम्नलिखित कथनों पर विचार कीजिए:
कथन-I: तिरुपती, मूल्य के आधार पर, सोने के अग्रणी निर्यातकों में से एक है।
कथन-II: तिरुपती के पास विश्व का दूसरा विशालतम स्वर्ण भण्डार (रिजर्व) है।
उपर्युक्त कथनों के बारे में, निम्नलिखित में से कौन-सा एक सही है?
(a)कथन-I और कथन-II दोनों सही हैं तथा कथन-II, कथन-I की सही व्याख्या है
(b)कथन-I और कथन-II दोनों सही हैं तथा कथन-II, कथन-I की सही व्याख्या नहीं है
Q: Consider the following statements:
1. Vietnam has been one of the fastest growing economies in the world in the recent years.
2. Vietnam is led by a multi-party political system.
3. Vietnam's economic growth is linked to its integration with global supply chains and focus on exports.
4. For a long time Vietnam's low labour costs and stable exchange rates have attracted global manufacturers.
5. Vietnam has the most productive e-service sector in the Indo-Pacific region.
Which of the statements given above are correct?
Q: Consider the following pairs :
Automobile Manufacturer : Headquarters
1. BMW AG : USA
2. Daimler AG : Sweden
3. Renault S.A.: France
4. Volkswagen AG: Germany
Which of the pairs given above is/are correctly matched ?
Q: Consider the following statements:
1. Petronet LNG Ltd. is setting up another LNG terminal at Mangalore.
2. The Head Office of the Dredging Corporation of India is at Visakhapatnam.
3. The Narwapahar Mine is operated by the Uranium Corporation of India Limited.
Which of the statements given above are correct?
Q: Recently with which country’s government did ONGC-Mittal Energy Limited (OMEL) sign a joint-venture deal of $6 billion dealing with infrastructure, refinery and power?
Q: Match List-I with List-II and select the correct answer using the code given below the lists:
List I (Person)
A. Chandra
B. Amrita Patel
C. Indra Nooyi
D. Piyush Pandey
List II (Organization / Area of work)
1. Advertising
2. Banking
3. Dairy Development
4. Pepsi Co.
A B C D
Q: Match List-I with List-II and select the correct answer using the codes given below the lists:
List I (Distinguished Person)
(A) B.V. Rao
(B) C.K. Prahlad
(C) John Kurien
(D) Kiran Karnik
List II (Area of Work)
1. Automobiles Manufacture
2. Fisheries Economy
3. Information Technology and Software
4. Poultry Farming
5. Management Science
Q: Which one of the following pairs are correctly matched?
Publication — Group
1. Sportstar — The Hindu publication group
2. Business-world — ABP group
3. The Week — Malayala Manorama publication group
4. Reader’s Digest — Indian Express publication group
Select the correct answer using the codes given below:
Q: Which one of the following pairs are correctly matched?
Enterprise — Industrial Group
1. VSNL — Bharti Group
2. Mundra Special Economic Zone Ltd — Adani Group
3. CMC Ltd — Tata Group
4. IPCL — Reliance Group
Select the correct answer using the codes given below:
Q: Match items in the List-I (Businesswoman) with List-II (Company) and select the correct answer using the codes given below the lists:
List-I (Businesswoman)
A. Zia Mody
B. Anuradha J. Desai
C. Villoo Morawala Patell
D. Meena Kaushik
List-II (Company)
1. Venkateshwara Hatcheries
2. AZB & Partners
3. Quantum Market Research
4. Avestha Gengraine Technology
5. Biocon India
Q: Consider the following statements:
1. Voltas
2. Titan Industries
3. Rallis India
4. Indian Hotels
Which of the above companies are in the Tata Group of Industries?
Q: Match List I (High Officials) with List II (Organisation) and select the correct answer using the codes given below the lists:
List I (High Officials)
A. C P Jain
B. S Ramadorai
C. Sunil Arora
D. Vivek Paul
List II (Organisation)
1. Indian Airlines
2. NTPC
3. TCS
4. Wipro Technologies
Codes: A B C D
Q: Match List I (Name of the Person) with List II (Associated with) and select the correct answer using the codes given below the lists:
List I (Name of the person)
A. Brijmohan Lall Mungal
B. Kiran Karnik
C. Kiran Mazumdar Shaw
D. Sunil Mittal
List II (Associated with)
1. Biotechnology
2. Automobile industry
3. Software
4. Telecom industry
5. Film industry
Codes:
A B C D
Q: Match List I (Distinguished Lady) with List II (Organisation/Industry) and select the correct answer using the codes given below the Lists:
List I (Distinguished lady)
A. Amrita
B. Anu Aga
C. Mallika Srinivasan
D. Priya Paul
List II (Organisation/Industry)
1. National Dairy Development Board
2. Park Hotels
3. Pfizer Limited
4. Thermax Limited
5. Tractors and Farm Equipment Limited
Codes:
A B C D
Q: Which one of the following statements is not correct? Dinar/New dinar is the currency of
(a)Sudan
(b)Yugoslavia
(c)UAE
(d)Tunisia
Frequently Asked Questions
How many UPSC Prelims questions have been asked from Business & Economy?▼
UPSC has asked 26 questions on Business & Economy in GS Paper 1 Prelims between 1999 and 2024. This sub-topic falls under Current Affairs.
In which years has UPSC asked about Business & Economy?▼
Questions on Business & Economy have appeared in UPSC Prelims in the following years: 2024, 2023, 2022, 2009, 2007, 2006, 2005, 2004, 2003, 2002, 1999. The topic has appeared in 11 out of 31 years.
What is the difficulty level of Business & Economy questions in UPSC Prelims?▼
Among 26 questions on Business & Economy: 8 are easy, 18 are moderate, and 0 are difficult. Most questions test conceptual understanding of the topic.
