1
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

2
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

3
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

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

Consider the following statements in respect of RTGS and NEFT:

I. In RTGS, the settlement time is instantaneous while in case of NEFT, it takes some time to settle payments.

II. In RTGS, the customer is charged for inward transactions while that is not the case for NEFT.

III. Operating hours for RTGS restricted on certain days while this is not true for NEFT.

Which of the statements given above is/are correct?

A

I only

B

I and II

C

I and III

D

III only