Economy (UPSC)
Download Q&A
Q. A budget of $60,000 is divided among three departments in the ratio 2:3:5. How much does the department with the largest share receive?
Q. A car's price was $20,000 last year. If the inflation rate is 10%, what will be the price of the car this year?
Q. A charity organization helps 1,200 people out of 3,000 living in poverty. What percentage of the poor does the organization help?
Q. A city has a budget of $500,000. If it spends $200,000 on infrastructure and $150,000 on education, what percentage of the budget is left?
Q. A company has a budget of $50,000 for a project. If they spend $30,000 in the first month, what percentage of the budget remains?
Q. A company plans to allocate 40% of its $250,000 budget to research and development. How much money is that?
Q. A country has a balance of trade of $100 million and a balance of services of -$50 million. What is the overall balance?
Q. A country has a current account deficit of $150 million and a capital account surplus of $100 million. What is the overall balance of payments?
Q. A country has a labor force of 50 million and an unemployment rate of 4%. How many people are unemployed?
Q. A country has a net foreign investment of $400 million and a net foreign liabilities of $600 million. What is the net international investment position?
Q. A country has a total debt of $500 million and its foreign debt is $300 million. What is the ratio of foreign debt to total debt?
Q. A country has an unemployment rate of 8%. If there are 1,500,000 people in the workforce, how many are unemployed?
Q. A family has a monthly budget of $2,500. If they spend $1,000 on rent, $600 on groceries, and $400 on utilities, how much do they have left?
Q. A farmer has 300 fruit trees. If 1/4 of them are apple trees, how many apple trees does he have?
Q. A farmer needs to plant seeds in a rectangular field of 80 meters by 60 meters. If he plants 2 seeds per square meter, how many seeds does he need?
Q. A farmer sells 200 kg of potatoes for $400. What is the price per kg of potatoes?
Q. A field has a length of 100 meters and a width of 50 meters. What is the area of the field in acres? (1 acre = 4046.86 m²)
Q. A government program aims to reduce unemployment by 25%. If the current number of unemployed is 200,000, how many people should find jobs to meet this goal?
Q. A house was bought for $250,000. If the inflation rate is 4% per year, what will be the value of the house after 3 years?
Q. A nation has a foreign exchange reserve of $1 billion. If it imports goods worth $300 million, what percentage of the reserves will remain?
Q. A non-profit organization has a budget of $200,000. If they plan to spend $50,000 on marketing and $30,000 on events, what is the remaining budget?
Q. A product costs $500 today. If the inflation rate is 3% per year, what will be the cost of the product in 5 years?
Q. A product's price was $80 last year. If the inflation rate is 5%, what will be the price of the product this year?
Q. A project has a budget of $100,000. If 25% of the budget is spent on materials, how much is left?
Q. A report states that 5% of the population is unemployed. If the total population is 1,000,000, how many people are employed?
Q. A salary of $3000 is adjusted for inflation of 6%. What will be the new salary?
Q. A tractor can plow a field in 4 hours. If the field is 20 acres, what is the rate of plowing in acres per hour?
Q. If a city has a poverty rate of 12% and the total number of poor people is 24,000, what is the total population of the city?
Q. If a country has a total export value of $1.2 billion and a total import value of $1 billion, what is the export-import ratio?
Q. If a country receives $200 million in remittances and spends $50 million on foreign aid, what is the net inflow from these transactions?