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Banking, markets, budget, trade, agriculture economy. Filter by topic or year.

4 questions

  • 2025 · Question 10 · Public Finance

    Consider the following statements : I. Capital receipts create a liability or cause a reduction in the assets of the Government. II. Borrowings and disinvestment are capital receipts. III. Interest received on loans creates a liability of the Government. Which of the statements given above are correct?

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    Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)

  • 2025 · Question 61 · Public Finance

    Suppose the revenue expenditure is ₹ 80,000 crores and the revenue receipts of the Government are ₹ 60,000 crores. The Government budget also shows borrowings of ₹ 10,000 crores and interest payments of ₹ 6,000 crores. Which of the following statements are correct? I. Revenue deficit is ₹ 20,000 crores. II. Fiscal deficit is ₹ 10,000 crores. III. Primary deficit is ₹ 4,000 crores. Select the correct answer using the code given below.

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    Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)

  • 2025 · Question 65 · Public Finance

    A country’s fiscal deficit stands at ₹ 50,000 crores. It is receiving ₹ 10,000 crores through non-debt creating capital receipts. The country’s interest liabilities are ₹ 1,500 crores. What is the gross primary deficit?

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    Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)

  • 2025 · Question 66 · Public Finance

    Which of the following statements with regard to recommendations of the 15th Finance Commission of India are correct? I. It has recommended grants of ₹ 4,800 crores from the year 2022–23 to the year 2025–26 for incentivizing States to enhance educational outcomes. II. 45% of the net proceeds of Union taxes are to be shared with States. III. ₹ 45,000 crores are to be kept as performance-based incentive for all States for carrying out agricultural reforms. IV. It reintroduced tax effort criteria to reward fiscal performance. Select the correct answer using the code given below.

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    Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)