#1. Match List I with List II:
List-I (Scheme) — List-II (Ministry)
(a) Atal Pension Yojana — (i) Ministry of Communications
(b) Startup India Scheme — (ii) Ministry of Finance
(c) Eo-NIWAS — (iii) Ministry of Commerce and Industry
(d) BharatNet — (iv) Ministry of Power
Choose the correct answer from the options given below:
a b c d

(ii), (iii),(iv),(i)

(ii),(iii), (i), (iv)

(ii), (i), -(iii),(iv)

(ii), (iv),(i), -(iii)

Sol.
Atal Pension Yojana is a social-security scheme operated by the Department of Financial Services under the Ministry of Finance, aimed at providing old-age income security to workers in the unorganised sector; hence A. pairs with (ii).
The Startup India initiative—including the Fund of Funds, tax holidays and incubation support—is steered by the Department for Promotion of Industry and Internal Trade in the Ministry of Commerce and Industry; therefore B. matches (iii).
ECO-Niwas Samhita (Eo-NIWAS) is a residential energy-conservation building code and its related web-portal is implemented by the Bureau of Energy Efficiency under the Ministry of Power, so C.corresponds to (iv).
BharatNet is India’s flagship rural broadband backbone, executed by Bharat Broadband Network Ltd. under the Ministry of Communications (Department of Telecommunications); consequently D. links with (i).

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#2. Match the following inflation metrics with their values for FY 2024-25 (April–December):
List-I (Inflation Metric) — List-II (Value)
(a) CPI Inflation (%) — (i) 2.1
(b) Food Inflation (%) — (ii) 8.4
(c) Core Inflation (%) — (iii) 5.4
(d) WPI Inflation (%) — (iv) 3.5
Choose the correct answer from the options given below:
a b c d

(ii) (iii) (i) (iv)

(i) (iv) (iii) (ii)

(iii) (ii) (iv) (i)

(iv) (i) (ii) (iii)

#3. Which of the following is not a constituent body of National Statistics Office?

Central Statistical Office

Data Informatics and Innovation Division

Indian Statistical Institute

National Sample Survey Office

#4. Which of the following best explains the “Twin Balance Sheet” problem in the Indian economy?

High fiscal deficit and current account deficit

High NPAs and low capital buffer in NBFC

Stressed balance sheets of banks and over-leveraged corporates

Bad loans in agriculture and MSME sector

#5. Which of the following can cause “Stagflation”?

Rapid increase in aggregate demand

Sudden supply shock like rise in oil prices

Expansionary fiscal policy

Appreciation of the domestic currency

#6. Which of the following best explains “Operation Twist” by RBI?

It increases CRR while decreasing SLR

It simultaneously buys long-term and sells short-term government securities

It raises repo rate but reduces reverse repo

It involves swapping forex reserves for rupee bonds

#7. Read the following statements:
Statement I: Apart from issuing currency notes, RBI regulates all commercial banks in India.
Statement II: Regulating NBFCs are not under the purview of RBI.
In the light of the above statements, choose the most appropriate answer from the options given below:

Both Statement I and Statement II are correct

Both Statement I and Statement II are incorrect

Statement I is correct and Statement II is incorrect

Statement I is incorrect and Statement II is correct

#8. Arrange the following monetary policy tools by the order in which RBI typically uses them to control inflation:
1. Open Market Operations (OMO)
2. Repo Rate Hike
3. Cash Reserve Ratio (CRR) Adjustment
4. Statutory Liquidity Ratio (SLR) Adjustment
Choose the correct answer from the options given below:

(1), (2), (3), (4)

(2), (1), (4), (3)

(4), (2), (3), (1)

(3), (2), (1), (4)

#9. Arrange the following items in descending order as percentage of GDP in India:
1.Gross Fiscal Deficit
2.Gross Domestic Capital Formation
3. Central Government Debt
4. Gross Tax Revenue
Choose the correct answer from the options given below:

(3), (2), (4), (1)

(2), (3), (4), (1)

(3), (2), (1), (4)

(2), (3), (1), (4)

#10. Consider the following statements:
(1) Accelerated Irrigation Benefits Programme was launched in 1996-97.
(2) Command Area Development Programme was taken up in 2014-15.
(3) Hydrology Project was launched by Government of India with the World Bank assistance in 1974-75.
(4) Pradhan Mantri Krishi Sinchayee Yojana was launched during 2015-16.
Choose the correct answer from the options given below:

(1) and (4) only

(2) and (4) only

(3) and (4) only

(1) and (2) only

#11. Which of the following statements about India’s inflation trends in 2024 are correct?
1. CPI inflation fell to 3.65% in August 2024.
2. Core inflation remained above 4% throughout FY 2024-25.
3. WPI inflation turned negative in Q1 2024-25.
4. Food inflation was the primary driver of CPI increases.
Choose the correct statements from the options given below:

(1) and (4) only

(2) and (3) only

(1) and (2) only

(3) and (4) only

#12. Which of the following statements about India’s startup ecosystem in 2024 are correct?
1. India had over 1.17 lakh recognized startups.
The Startup India Seed Fund Scheme disbursed Rs. 1,000 crore.
3. Unicorn startups doubled in number since 2020.
4. The National Startup Advisory Council was dissolved in 2024.
Choose the correct statements from the options given below:

(1) and (4) only

(2) and (3) only

(1) and (2) only

(3) and (4) only

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#3. Which of the following is not a constituent body of National Statistics Office?

#4. Which of the following best explains the “Twin Balance Sheet” problem in the Indian economy?

#5. Which of the following can cause “Stagflation”?

#6. Which of the following best explains “Operation Twist” by RBI?

#7. Read the following statements:
Statement I: Apart from issuing currency notes, RBI regulates all commercial banks in India.
Statement II: Regulating NBFCs are not under the purview of RBI.
In the light of the above statements, choose the most appropriate answer from the options given below:

#9. Arrange the following items in descending order as percentage of GDP in India:
1.Gross Fiscal Deficit
2.Gross Domestic Capital Formation
3. Central Government Debt
4. Gross Tax Revenue
Choose the correct answer from the options given below:

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HAS Previous Year Question Paper 2025 – Economics

Results

#3. Which of the following is not a constituent body of National Statistics Office?

#4. Which of the following best explains the “Twin Balance Sheet” problem in the Indian economy?

#5. Which of the following can cause “Stagflation”?

#6. Which of the following best explains “Operation Twist” by RBI?

#7. Read the following statements: Statement I: Apart from issuing currency notes, RBI regulates all commercial banks in India. Statement II: Regulating NBFCs are not under the purview of RBI. In the light of the above statements, choose the most appropriate answer from the options given below:

#9. Arrange the following items in descending order as percentage of GDP in India: 1.Gross Fiscal Deficit 2.Gross Domestic Capital Formation 3. Central Government Debt 4. Gross Tax Revenue Choose the correct answer from the options given below:

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Looking for More Resources?

MCQ

Previous Papers

#7. Read the following statements:
Statement I: Apart from issuing currency notes, RBI regulates all commercial banks in India.
Statement II: Regulating NBFCs are not under the purview of RBI.
In the light of the above statements, choose the most appropriate answer from the options given below:

#9. Arrange the following items in descending order as percentage of GDP in India:
1.Gross Fiscal Deficit
2.Gross Domestic Capital Formation
3. Central Government Debt
4. Gross Tax Revenue
Choose the correct answer from the options given below: