BPSC CCE Prelims
Business & Economy Previous Year Questions (PYQs)
Practice solved questions for Business & Economy with detailed step-by-step solutions, key insights, and trend analysis for BPSC CCE PRELIMS.
Solved Previous Year Questions
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Which of the following is not among the top ten principal commodities of India's export during April-September 2024-25?
Detailed Explanation:
Top Ten Principal Commodities (April-September 2024-25): Petroleum Products, Gems & Jewellery, Drugs & Pharmaceuticals, Engineering Goods, Iron & Steel, Organic & Inorganic Chemicals, RMG of Textiles, Electronic Goods, Marine Products, and Non-Basmati Rice as per DGCI&S data (Ministry of Commerce).
Basmati Rice is a major agricultural export but did not feature in the top ten list for this period. Only Option 3 is excluded; Petroleum Products and Iron & Steel are both in the top ten.
Which of the following countries had greater share than India in the global services export in 2023?
Detailed Explanation:
India was the 7th largest services exporter with approximately 4.6% share in global services exports in 2023.
Ireland had a significantly higher share (~6-7%) driven by its robust software, finance, pharmaceutical, and aircraft leasing services sectors. Russia and Indonesia both had smaller services export shares than India, with less developed global services sectors.
Therefore, only Ireland qualifies as having a greater share than India.
Share of Micro, Small and Medium Enterprises in the country's Gross Value Added (GVA) has increased from_______ 2020-21 to_______ in 2022-23.
Detailed Explanation:
MSMEs (Micro, Small and Medium Enterprises) contribution to India's Gross Value Added (GVA) increased from 27.3% in 2020-21 to 30.1% in 2022-23, as per Ministry of Statistics & Programme Implementation (MoSPI) data.
MSME classification criteria: Micro (Investment ≤ ₹1 crore, Turnover ≤ ₹5 crore), Small (Investment ≤ ₹10 crore, Turnover ≤ ₹50 crore), Medium (Investment ≤ ₹50 crore, Turnover ≤ ₹250 crore).
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By how much did the Female Labour Force Participation Rate increase from 2017-18 to 2022-23, according to the National Sample Survey Office (NSSO)?
Detailed Explanation:
The National Sample Survey Office (NSSO) through its Periodic Labour Force Survey (PLFS) reported that Female Labour Force Participation Rate (LFPR) for ages 15 years and above increased from 23.3% in 2017-18 to 37.0% in 2022-23.
This represents a significant increase of 13.7 percentage points, driven primarily by rural areas where female LFPR rose from 24.6% to 41.5%, while urban areas saw a modest increase from 20.4% to 25.4%.
What is the full form of CGTMSE?
Detailed Explanation:
CGTMSE stands for Credit Guarantee Fund Trust for Micro and Small Enterprises.
It was established in 2000 by the Ministry of MSME and SIDBI to provide collateral-free credit guarantees to lenders for loans up to ₹2 crore to micro and small enterprises.
What is the position of India in manufacturing of mobile phones in 2023?
Detailed Explanation:
India became the world's second-largest mobile phone manufacturer in 2023, after China.
Manufacturing value grew from ₹18,900 crore (2014-15) to ₹4.1 lakh crore (FY24), driven by the Production Linked Incentive (PLI) scheme.
Which of the following States of India received the highest Foreign Direct Investment (FDI) equity flow during April to September 2022?
Detailed Explanation:
Karnataka received the highest FDI equity inflow during April-September 2022 with approximately ₹37,502 crore (26% share).
Top 5 states by FDI equity inflow were: Karnataka (26%), Maharashtra (23%), Delhi (17%), Gujarat (9%), and Tamil Nadu (7%).
The trade balance of India (merchandise and services) for December 2022 (provisional) is
Detailed Explanation:
According to the Reserve Bank of India (RBI) data, India's merchandise trade deficit for December 2022 was (-) USD 23.76 billion, while the services trade surplus was (+) USD 11.78 billion.
The overall trade balance (merchandise + services) for December 2022 stood at (-) USD 11.98 billion, indicating that imports exceeded exports by this amount.
Which of the following committees submitted a report on gas pricing, recommending complete pricing freedom from January 1, 2026?
Detailed Explanation:
The Kirit Parikh Committee was constituted to review the gas pricing framework in India and submitted its report recommending complete pricing freedom from January 1, 2026.
The committee proposed a graded approach: a reasonable floor and ceiling price till December 31, 2025, followed by full market-driven pricing thereafter to boost domestic gas production and investment.
What was India's share in World Exports by commodity divisions and groups in 2018?
Detailed Explanation:
According to the World Trade Organization (WTO) report published in April 2019, India's share in world merchandise exports for the year 2018 was 1.7%.
This figure represents India's contribution to total global exports of physical commodities and places India among the top 20 trading nations globally.
Therefore, 1.7% is the correct share, making Option 4 the correct answer.
What was the total production of wheat in India as per the 4th advance estimates in the year 2020-21?
Detailed Explanation:
The Ministry of Agriculture & Farmers Welfare released the 4th Advance Estimates for 2020-21, recording wheat production at 109.59 million tonnes, which rounds to 109.5 million tonnes.
Options like 209.5, 501.5, and 201.23 million tonnes are factually incorrect and do not align with official agricultural statistics for that year.
Therefore, 109.5 million tonnes is the correct production figure, making Option 4 the correct answer.
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