Money and banking, fiscal and monetary policy, growth, and economic current affairs.
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Economy for Prelims blends core concepts (national income, money and banking, budgeting, external sector) with a heavy current-affairs component — schemes, reports, indices, and policy changes.
This page helps you practise the concepts and their application, and to keep the current-affairs layer connected to the fundamentals rather than memorised in isolation.
Economy questions increasingly test understanding over recall — what a term means, what a policy does, and how instruments like the repo rate or fiscal deficit behave.
A large share links to the year’s developments (budget, monetary policy, government schemes and international reports), so pairing concept practice with current affairs is the reliable approach.
An increase in the repo rate by the Reserve Bank of India is most likely to:
The repo rate is the rate at which the RBI lends to commercial banks. Raising it makes borrowing costlier, tends to reduce liquidity and demand, and is used to help contain inflation. It does not directly change tax revenue.
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Read the explanation, and every mistake is saved to your notebook for revision.
Both. Core concepts and their application form the base, and a large portion connects to the year’s budget, monetary policy, schemes and reports.
Anchor current affairs to the underlying concept. Practising concept-first MCQs and reviewing mistakes keeps the news layer meaningful.
Yes — they show which concepts recur and how deep UPSC goes. Filter Economy PYQs by year in the PYQ bank.
Explanations and answers on Likhit Prelims are AI-generated study aids. They may contain errors and can differ from official sources — always verify against authoritative material and the official UPSC answer key.
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