1
UPSC Civil Service Prelims Paper I 2025 (General Studies)
MCQ (Single Correct Answer)
+2
-0.66

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.

A

I and II only

B

II and III only

C

I and III only

D

I, II and III

2
UPSC Civil Service Prelims Paper I 2025 (General Studies)
MCQ (Single Correct Answer)
+2
-0.66

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?

A

₹ $ 48,500$ crores

B

₹ 51,500 crores

C

₹58,500 crores

D

None of the above

3
UPSC Civil Service Prelims Paper I 2025 (General Studies)
MCQ (Single Correct Answer)
+2
-0.66

Which of the following statements with regard to recommendations of the $\mathbf{1 5}$ th 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.

A

I, II and III

B

I, II and IV

C

I, III and IV

D

II, III and IV

4
UPSC Civil Service Prelims Paper I 2025 (General Studies)
MCQ (Single Correct Answer)
+2
-0.66

Consider the following statements in respect of the International Bank for Reconstruction Development (IBRD):

I. It provides loans and guarantees to middle income countries.

II. It works single-handedly to help developing countries to reduce poverty.

III. It was established to help Europe rebuild after the World War II.

Which of the statements given above are correct?

A

I and II only

B

II and III only

C

I and III only

D

I, II and III