Economy · Chapter 1 of 10

Basic Concepts and National Income: BPSC Prelims PYQs

5 previous-year questions on Basic Concepts and National Income, asked 2025–2026. Each one opens to its answer and explanation.

1. 1. BPSC Assistant Section Officer Prelims 2025

   The base years for GDP, CPI and IIP have been revised to the following:

   1. A2022-23, 2022-23, 2023-24 respectively
   2. B2023-24, 2024-25, 2022-23 respectively
   3. C2023-24, 2022-23, 2022-23 respectively
   4. D2022-23, 2023-24, 2022-23 respectively
   Answer and explanation →

2. 2. BPSC Assistant Education Development Officer 2026

   Which one of the following indicates that India is a fast-growing economy?

   1. APolicy reforms
   2. BDigital transformation
   3. CIncreasing FDI
   4. DAll of the above
   Answer and explanation →

3. 3. BPSC Assistant Education Development Officer 2026

   Which one of the following is not a driving factor for the increase in the contribution of the service sector in India?

   1. AGlobalisation and liberalisation
   2. BTechnological advancement
   3. CUrbanisation
   4. DDecrease in core industries
   Answer and explanation →

4. 4. BPSC Sanitary & Waste Management Officer 2026

   India's national income is estimated primarily by which agency?

   1. ANational Statistical Office (NSO) (earlier CSO)
   2. BMinistry of Finance
   3. CReserve Bank of India (RBI)
   4. DNITI Aayog (Planning Commission)
   Answer and explanation →

5. 5. BPSC Sanitary & Waste Management Officer 2026

   Consider the following statements about inflation in India:

   • 1. Retail headline inflation in India is measured using the Consumer Price Index (CPI).
   • 2. Wholesale Price Index (WPI) inflation includes services.
   • 3. The inflation target is 4% +/- 2% under the monetary policy framework of India.

   Which of the above statements are correct?

   1. AStatements 1 and 3 are correct
   2. BStatements 1, 2 and 3 are correct
   3. CStatements 1 and 2 are correct
   4. DStatements 2 and 3 are correct
   Answer and explanation →