UPSC Prelims Practice Questions — The cracks beneath the peddled story of India’s growth

Question 1

The projection that India's current account deficit would rise to about 1.8 per cent of GDP in FY27 on account of rising energy import bills was made in which one of the following?

Accepted Answer

World Bank's India Development Update, April 2026

Answer

UN DESA World Economic Situation and Prospects 2026

Answer

RBI Monetary Policy Report, 2026

Answer

Economic Survey 2025-26

Question 2

India's official advance and provisional estimates of national GDP, including the FY26 real GDP figure, are compiled and released by which one of the following?

Accepted Answer

National Statistics Office under the Ministry of Statistics and Programme Implementation

Answer

Department of Economic Affairs under the Ministry of Finance

Answer

Economic Advisory Council to the Prime Minister

Answer

NITI Aayog

Question 3

As stated by the Government in 2025, approximately what proportion of its crude oil requirement does India meet through imports?

Accepted Answer

About 90 per cent

Answer

About 70 per cent

Answer

About 50 per cent

Answer

About 30 per cent

Question 4

Which one of the following constitutes the single largest item in India's merchandise import basket, a key driver of its widening trade deficit in 2025-26?

Accepted Answer

Crude petroleum

Answer

Gold

Answer

Electronic goods

Answer

Coal and coke

UPSC Prelims Practice Questions — The cracks beneath the peddled story of India’s growth

Q1. The projection that India's current account deficit would rise to about 1.8 per cent of GDP in FY27 on account of rising energy import bills was made in which one of the following?

Q2. India's official advance and provisional estimates of national GDP, including the FY26 real GDP figure, are compiled and released by which one of the following?

Q3. As stated by the Government in 2025, approximately what proportion of its crude oil requirement does India meet through imports?

Q4. Which one of the following constitutes the single largest item in India's merchandise import basket, a key driver of its widening trade deficit in 2025-26?