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Topic Market economy
Asked 2 times across 2 UPSC exams over 1 years (2022–2023), peaking in 2022.
Key insights
- Most tested in CDS — 1 of 2 PYQs
- Most asked in 2022
- Recurs across 2 years (2022–2023)
How it travelled across exams
First appearance in each exam — the same idea, reframed.
CDS 2022 → LDCE 2023
How the concept evolved
Rising — more than half its appearances (2 of 2) are since 2016.
Related concepts
Ideas UPSC tests alongside this one — keep exploring.
Sample questions
You've seen the pattern — here are a few of the actual PYQs.
LDCE2023
Which one of the following is considered as 'Invisible hand' in the market economy?
- A Trade ✓
- B Money
- C Competition
- D Demand and supply
✓ Correct answer: (A)
Economy › Macroeconomics
CDS2022
Which one of the following central features is not associated with Capitalist Economy?
- A There is generalised commodity production — it has market value.
- B Productive wealth is held predominantly in private hands.
- C Economic life is organised according to market principles.
- D Economic organisation is based on planning, a supposedly rational process of resource allocation. ✓
✓ Correct answer: (D)
Economy › Macroeconomics
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