The UPSC EPFO Developmental Issues and Present Trends in Indian Economy Quiz is designed to help candidates practise important questions from the Indian Economy section of the UPSC EPFO APFC Recruitment Test 2026. The quiz focuses on key areas such as demand and supply, economic growth, poverty, employment, inflation, monetary policy, fiscal policy, economic reforms, development, international institutions, and financial institutions.
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Candidates can use the UPSC EPFO Developmental Issues and Present Trends in Indian Economy Quiz as a quick revision resource for the APFC Recruitment Test.
| Particulars | Link |
| UPSC EPFO Developmental Issues and Present Trends in Indian Economy Quiz PDF | Download Now |
| UPSC EPFO APFC Previous Year Papers | Download Now |
Attempt the UPSC EPFO Developmental Issues and Present Trends in Indian Economy Quiz
Candidates can now attempt the UPSC EPFO Developmental Issues and Present Trends in Indian Economy Quiz to test their preparation.
1. In a competitive market, if demand increases while supply remains unchanged, what is the most likely immediate effect?
2. Which change causes a movement along an existing demand curve for a commodity?
3. For a normal good, an increase in consumer income, other things remaining constant, generally causes:
4. Which of the following is most likely to shift the supply curve of wheat to the right?
5. A price ceiling fixed below the market-clearing price will normally create:
6. Price elasticity of demand is defined as the percentage change in quantity demanded divided by the percentage change in:
7. If the absolute value of price elasticity of demand is greater than one, demand is described as:
8. If a 10% rise in price leads to a 5% fall in quantity demanded, the absolute price elasticity of demand is:
9. For a good with unitary price elasticity of demand, a small price change will, approximately, leave which of the following unchanged?
10. A positive cross-price elasticity of demand between tea and coffee most strongly suggests that they are:
11. A negative cross-price elasticity of demand is normally associated with:
12. Income elasticity of demand for an inferior good is generally:
13. Which statement best distinguishes a change in demand from a change in quantity demanded?
14. If both demand and supply increase simultaneously, which outcome is certain?
15. If demand decreases and supply increases, what can be stated with certainty about equilibrium?
16. Consumer surplus is best described as:
17. Producer surplus is closely related to:
18. A perfectly inelastic demand curve is represented by a:
19. A perfectly elastic demand curve is represented by a:
20. The law of supply, ceteris paribus, states that quantity supplied generally:
Quiz Summary
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What does the UPSC EPFO Developmental Issues and Present Trends in Indian Economy Quiz cover?
The quiz covers the major areas included in the Developmental Issues and Present Trends in Indian Economy syllabus. The questions are focused on both basic concepts and their practical application in the Indian economy. Candidates should revise the core concepts first and then use the quiz to check their preparation.
- Demand and Supply
- Elasticity of Demand
- GDP and Economic Growth
- Circular Flow and Macroeconomic Identities
- Poverty and Employment
- Sustainable Development Goals
- Economic Planning and Economic Reforms
- NITI Aayog
- Monetary Policy and RBI
- Financial Institutions
- Inflation and Inflation Targeting
- Fiscal Policy and Government Budget
- Fiscal, Revenue and Primary Deficits
- Public Debt and GST
- Regional Economic Cooperation
- International Economic Institutions
- Balance of Payments and Exchange Rates
- Economic Development and HDI
- Industrial and Labour Policy
- MSMEs, SEZs and Disinvestment
- Finance Commission
What topics should you revise before attempting the Indian Economy Quiz?
Before attempting the quiz, candidates should revise the basic concepts of Indian Economy and connect them with current economic developments. Focus on definitions, key features, important institutions, policies, and major economic indicators.
| Topic | Key Areas to Revise |
| Demand and Supply | Law of demand, law of supply, equilibrium and market changes |
| Elasticity | Price, income and cross elasticity |
| Economic Growth | GDP, circular flow, national income and market structures |
| Poverty | Poverty line, types, measurement and poverty reduction |
| Employment | Employment types, unemployment and labour-force concepts |
| Economic Reforms | Planning, 1991 reforms, LPG and NITI Aayog |
| Monetary Policy | RBI, repo rate, CRR, SLR and OMO |
| Inflation | Causes, effects, CPI, WPI and inflation targeting |
| Fiscal Policy | Budget, taxation, expenditure and deficits |
| External Sector | BoP, exchange rates and currencies |
| Development | Human development, HDI and sustainable development |
| Industrial Policy | MSMEs, SEZs, disinvestment and manufacturing policy |
| Finance Commission | Tax devolution, grants and fiscal federalism |
What are the most important Indian Economy topics for the UPSC EPFO APFC exam?
Candidates should give priority to topics that cover both basic economic concepts and important development issues. Demand and supply, GDP, poverty, employment, inflation, monetary policy, fiscal policy, economic reforms, and development form an important part of the syllabus.
- Demand, supply and elasticity
- GDP and economic growth
- Poverty and employment
- Economic planning and 1991 reforms
- NITI Aayog
- Monetary policy and RBI
- Inflation and inflation targeting
- Fiscal policy and government budget
- GST and different types of deficits
- Regional economic cooperation
- IMF, World Bank and WTO
- Balance of Payments and exchange rates
- Human development and HDI
- Industrial and labour policy
- MSMEs and disinvestment
- Finance Commission
What is the UPSC EPFO APFC exam pattern 2026?
The UPSC EPFO APFC Recruitment Test 2026 is an objective-type examination conducted in offline pen-and-paper mode. The test carries 300 marks and has a duration of 2 hours. Questions are generally available in English and Hindi, except for the English Language section. One-third of the marks assigned to a question is deducted for an incorrect answer.
| Particulars | Details |
| Exam Mode | Offline/Pen and Paper |
| Question Type | Objective-Type MCQs |
| Duration | 2 Hours |
| Maximum Marks | 300 |
| Language | English and Hindi, except English Language section |
| Negative Marking | 1/3rd of marks assigned to the question |
| Interview Marks | 100 |
When will the UPSC EPFO APFC Recruitment Test 2026 be conducted?
The UPSC EPFO APFC Recruitment Test 2026 is scheduled to be conducted on 20th December 2026. Candidates should use the preparation time for regular revision, topic-wise quizzes, previous-year questions, and mock tests. Practising Indian Economy MCQs can help candidates improve their accuracy in this important syllabus area.
FAQs
The quiz covers demand, supply, growth, poverty, employment, inflation, fiscal policy, monetary policy, development, and other important economy topics.
Yes, candidates should thoroughly prepare the Developmental Issues and Present Trends in Indian Economy section.
Focus on RBI, monetary policy objectives, policy instruments, and major financial institutions.
Candidates should revise the World Bank, IMF, and WTO, along with their major functions.
Revise weak topics, practise MCQs regularly, and analyse every incorrect answer.
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