What is Worker Population Ratio (WPR) and how is it different from LFPR and Unemployment Rate?

Worker Population Ratio (WPR) is the percentage of employed persons in the total population. It differs from the Unemployment Rate (UR), which measures the proportion of the labour force that is unemployed but seeking work, and the Labour Force Participation Rate (LFPR), which measures the percentage of people working or actively seeking work. In November 2025, India’s WPR for persons aged 15 and above improved to 53.2%, compared to 51.2% in June 2025.

What are Murban, West Texas Intermediate (WTI), and Kikeh?

Murban, West Texas Intermediate (WTI), and Kikeh are benchmark crude oil grades traded globally. Murban is a light crude produced by the UAE. WTI Midland is a key US shale crude oil grade. Kikeh is a high-value light-sweet crude traded in the Singapore region. These grades influence international oil pricing and energy markets.

Which countries are major coffee exporters and when is International Coffee Day observed?

In 2024, Brazil and Vietnam were the top coffee exporters globally, while the European Union and the United States were the top buyers. Coffee exports form a major share of merchandise exports for countries like Ethiopia (27.9%) and Uganda (20.1%). The United Nations General Assembly designated October 1 as International Coffee Day.

What is polysilicon refining and how is it related to solar manufacturing?

Polysilicon refining, ingot production, and wafer manufacturing are upstream processes in solar module and solar cell manufacturing. These processes are critical for expanding domestic solar manufacturing capacity. India has extended domestic sourcing mandates to include wafers and ingots starting June 2028 to strengthen clean energy manufacturing.

What is GDP rebasing and why is the base year revised?

GDP rebasing is the process of updating the base year used to calculate national income estimates to reflect structural changes in the economy. India selected 2022-23 as the new base year after pandemic disruptions. Rebasing improves accuracy, captures emerging sectors like digital services and renewable energy, and aligns with international standards recommended by the UN Statistical Commission.

Daily UPSC Prelims MCQs - Economy - 23rd March 2026

Devesh
4 days ago
1 min read

Test your UPSC CSE 2026 preparation with today’s Economy (Every Monday) Quiz — covering Worker Population Ratio (WPR), Murban, West Texas Intermediate and Kikeh, polysilicon refining, ingot & wafer manufacturing, rebasing (updating the base year) and more.

Previous UPSC Economy Quiz

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Daily UPSC Prelims MCQs - Economy - 23rd March 2026

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