ECONOMICS PAPER 2 - Close Reflections In
MAINSTORMING Question Asked/ Covered which very closely reflect
UPSC ECONOMICS OPTIONAL - 2017
1)Explain GST Analyse how it is going to impact
Indian
business.
2)What role are MSMEs playing in India’s
economic growth?
3)What could the problem of non-performing
assets of Indian commercial banks and what
Test 16,Q.(GS)
cures are being suggested to solve the problem?
MAINSTORMINGTM 2017 Question Papers
TEST SERIES the UPSC questions
India has moved towards the era of “One India One
Taxation”. In this context
Test 3, Q.6(GS)
explain the features of GST adopted and its possible
impact on the economy.
Evaluate the contribution of MSMEs to Indian
Test 8, Q.5(GS) economy. What is the financial
support extended by the country for their promotion?
A three tier Banking structure is one of the talked
about topics in recent times. In light of the above
statement critically examine the viability of Bank
mergers in India in the growing scenario of
Non Performing Assets?
4)“Though economic liberalisation in India in the
Tertiarization of India has sidelined agriculture and
mid 90s aimed at industrial growth, actually the Mock test 1, Q.4
industry. Substantiate
services sector led the economy,” Elucidate.

5)What is your assessment of the principal Describe the need for and objectives for the
impact of the recent demonetization in India in Test 3,Q.3(GS) demonetization process carried
the immediate and medium terms? out and its impact on various sectors of the economy.

The Economic Nationalism during the independence

6)What is drain theory? How does is explain the
struggle was given a boost by Drain
backwardness of India in the 19th century?
theory. Discuss
7)What were the broad considerations underlying
the different types of land settlements in India
during the colonial rule? Analyse the impact of various land systems on
Mock Test
Discuss agriculture and peasantry during
2,Q.1(A)
1 British rule.
5

8)India has a vast potential to reap a

India’s demographic dividend seems to be peaking
demographic dividend. Explain the point and
discuss the necessary measures to Test 3,Q.2(GS) soon but may not see a
quick decline like other countries. Explain.
realise it.
India’s trade profile has seen a significant change
since the first foreign trade policy was unveiled. In
9)Write a note on the broad trend of India’s
line with this, bring out the diversification in
foreign trade and current account balance during Test -16(GS)
roughly the last one decade. direction of trade from 2000 to 2016. What are
measures by the government to promote trade?
10)How did per-capita income in India behave
since Independence? How it improved the well-
Test 3, Q.2
being of the people uniformly? Give specific
reasons.
11)What is the broad trend of the manufacturing
sector’s relative share in GDP in India over the
last four decades? How do you view its Test 15, Q.13(GS)
performance and what actions does the
government contemplate in this matter?
12)Critically examine the Disinvestment Policy of
Mock test 1,Q.5
the Government of India.
13)Explain the concept and the underlying
Test 2,Q.2(GS)
rationale of “Universal Basic Income”.
14) The various anti-poverty programmes have
not achieved the desired socio-economic progress
in India. Write down the major programmes and Test 8,Q.3
your broad based assessment of their
weaknesses.
15)Even though India is self-sufficient in the
Mock test
production of foodgrains, Indian agriculture is
Q.3(A)
faced with some major challenges. Elucidate.
Examine the effects of growth on the distribution of
national income in Indian
Economy.
India’s liberalisation policy seems to have a limited
impact on industrial sector development.
In this context give an account of the key
initiatives taken by the government recently to
boost the industrial performance.
Crtically analyse the disinvetsment polcy of India
Universal Basic Income is the new mantra for
socio-economic problems in India. Assess the cost-
benefit analysis of UBI scheme.
It is not the population but poverty and
unemployment are the chronic problems of Indian
economy. What policy measures would you suggest
to solve these problems?
What are the major consequences of slow-down
2,
in growth of output in agriculture sector?
 “States should have due share in responsibilities
16)Give a short analysis of the state of devolution
Mock test 2, as well as rights”. In the light of
of resources from the centre to the States in India
Q.6(A) this statement bring out the important issues in
in the light of the idea of fiscal federalism.
centre-state financial relations.

SIA economic
17) What are the merits and demerits of the case
survey material, Discussed in Economic Survey Material
of farmers loan waiver in India? Explain.
Pg.5

18) Give a brief account of the evolution of the Explain the major features of democratic
concept of economic planning in India after Test 7, Q.7 planning process as
Independence. followed by our country.

India remains one among the top destinations

19)What developmental role can FDI play in a
for FDI inflow. What are the reasons for
backward economy? What policy has India been
Test 5, Q.2 this increased inflow of FDI? Elaborate the
following to attract FDI and what safeguards
should the country adapt? impact of FDI in various sectors of the
economy.