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Indian Economy Test- 2

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Description

 

Indian Economy Test- 2 Overview

Test Name Indian Economy Test-2
Subject Indian Economy
Coverage Full Syllabus + Current Economic Affairs
Total Questions 100
Duration 120 Minutes
Marks per Question 2 Marks
Negative Marking -0.66 Marks
Maximum Marks 200
Difficulty Level Advanced
Mode Online
Price ₹30 Only

Indian Economy has become one of the most analytical and unpredictable sections in UPSC, UPPSC, State PCS, Banking, RBI Grade B, NABARD, SSC, and other competitive examinations. Modern exam questions increasingly test candidates’ understanding of economic concepts, policy implications, fiscal and monetary developments, financial markets, government schemes, and current economic affairs.

To help aspirants strengthen their preparation at an advanced level, Srishti IAS presents Indian Economy Test-2, a comprehensive Indian Economy Mock Test covering the complete economy syllabus along with current economic developments. This test has been specially designed for candidates who have already completed basic preparation and want to evaluate their conceptual understanding through UPSC-level questions.

The test contains a balanced mix of static economy concepts, statement-based questions, policy analysis, and contemporary economic developments relevant for competitive examinations.

Why Attempt Indian Economy Test-2?

  • UPSC-Level Conceptual Questions: The test focuses on analytical and application-based questions rather than straightforward factual recall.
  • Complete Economy Coverage: This practice test covers the entire economy syllabus from basic concepts to advanced policy issues.
  • Current Affairs Integration: Questions incorporate recent economic developments, government initiatives, RBI measures, reports, and rankings.
  • Improve Examination Readiness: The test helps aspirants evaluate their preparation under time pressure and identify conceptual weaknesses before the actual examination.

Topics Covered

Click on the categories below to expand and view the specific topics covered in this test:

National Income & Economic Growth
  • GDP, GVA and National Income Accounting
  • Real vs Nominal Growth
  • Base Year Revisions
  • Economic Development Indicators
  • Human Development Measures
Inflation & Price Stability
  • CPI and WPI
  • Core Inflation
  • Food Inflation
  • Inflation Targeting Framework
  • Stagflation and Deflation
Monetary Policy
  • Monetary Policy Committee
  • Repo Rate
  • Standing Deposit Facility
  • Open Market Operations
  • Liquidity Management
  • RBI Policy Instruments
Banking & Financial Sector
  • Commercial Banking
  • NBFCs
  • Small Finance Banks
  • Payment Banks
  • Financial Stability
  • Banking Reforms
  • Digital Banking Ecosystem
Fiscal Policy & Public Finance
  • Budgetary Process
  • Fiscal Responsibility Framework
  • Government Borrowing
  • Public Debt Management
  • Tax Reforms (Direct and Indirect Taxes)
External Sector
  • Balance of Payments
  • Current Account and Capital Account
  • Foreign Exchange Reserves
  • FDI and FPI
  • Exchange Rate Management
  • WTO and Global Trade
Agriculture & Rural Economy
  • MSP Framework
  • Agricultural Marketing Reforms
  • Crop Insurance
  • Agricultural Credit
  • Food Security
  • Rural Development Programmes
Industry & Infrastructure
  • Manufacturing Sector
  • Industrial Corridors
  • Logistics Development
  • MSMEs
  • Infrastructure Financing
  • Public-Private Partnerships
Financial Markets
  • Capital Markets
  • Bond Markets
  • Mutual Funds
  • Sovereign Gold Bonds
  • REITs and InvITs
  • Market Regulation
Government Schemes & Economic Initiatives
  • PM Gati Shakti
  • PM Vishwakarma
  • PM Surya Ghar Yojana
  • Startup India
  • Production Linked Incentive (PLI)
  • Digital Public Infrastructure
International Economic Institutions
  • IMF
  • World Bank
  • WTO
  • Asian Development Bank
  • New Development Bank
  • AIIB
Current Economic Affairs

The test includes important developments related to:

  • RBI Policy Announcements
  • Budget and Economic Survey
  • Inflation Trends
  • Employment Data
  • Financial Sector Reforms
  • Global Economic Developments
  • India’s Growth Outlook
  • Economic Reports and Rankings

Special Focus Areas

This Advanced Economy Mock Test emphasizes:

Conceptual Clarity

Questions are designed to test understanding of economic principles rather than memorization.

Economic Interlinkages

Candidates will be required to analyze relationships between:

  • Inflation and Interest Rates
  • Fiscal Deficit and Growth
  • Exchange Rates and Trade
  • Employment and Development
  • Banking and Financial Stability

Policy Analysis

Several questions focus on the objectives, implications, and limitations of economic policies and reforms.

UPSC-Style Statements

The test includes complex statement-based questions that require careful analysis and elimination techniques.

Instructions for Candidates

  • The test consists of 100 Multiple Choice Questions (MCQs).
  • Each question carries 2 marks.
  • The maximum score is 200 marks.
  • The duration of the examination is 60 minutes.
  • There is a negative marking of 0.66 marks for every incorrect answer.
  • No marks will be deducted for unanswered questions.
  • Read all statements carefully before selecting an answer.
  • Avoid random guessing because of negative marking.

Recommended Strategy

First 25 Minutes

Attempt direct conceptual questions first. Solve topics where you have strong command. Build momentum through high-confidence questions.

Next 25 Minutes

Revisit statement-based questions. Apply elimination techniques. Analyze policy-oriented questions carefully.

Final 10 Minutes

Review doubtful responses. Verify marked answers. Ensure no easy questions remain unanswered.

Performance Benchmark

Score Range Performance Level
150+ Marks Excellent
125–149 Marks Very Good
100–124 Marks Good
75–99 Marks Average
Below 75 Marks Needs Significant Improvement

Who Should Attempt This Test?

This Indian Economy Mock Test is highly beneficial for:

  • UPSC Civil Services Aspirants
  • UPPSC PCS Candidates
  • BPSC, MPPSC & RPSC Aspirants
  • RBI Grade B Aspirants
  • NABARD Aspirants
  • Banking Examination Candidates
  • Government Job Aspirants

Start Indian Economy Test-2 Now

A strong command of the Indian Economy can significantly improve your score in UPSC, UPPSC, Banking, and State PCS examinations. Attempt Indian Economy Test-2 and evaluate your preparation through a challenging set of advanced-level economy questions designed according to the latest examination trends.

For just ₹30, gain access to a comprehensive Indian Economy Practice Test that combines static concepts, policy analysis, and current economic affairs in a single exam-oriented package.

Best Wishes from Team Srishti IAS!

 


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