Mains GS Paper IIIEconomyHigh-yield

Government Budgeting & Fiscal Policy

सरकारी बजट और राजकोषीय नीति

Government Budgeting & Fiscal Policy is part of the UPSC Mains GS Paper III syllabus, under Economy. It appeared in Mains GS Paper III question papers in 4 of the 10 years from 2016 to 2025 (2016, 2019, 2021, 2024). It is marked high-yield: a topic worth revising more than once.

What should you study in Government Budgeting & Fiscal Policy?

  • Banking reforms — IBC, SARFAESI, recapitalisation of PSBs
  • Payment banks, SFBs, account aggregators, ONDC
  • Capital markets — SEBI reforms, AIF, InvITs, REITs
  • Fintech — UPI ecosystem, CBDC (e₹), open banking

How often is Government Budgeting & Fiscal Policy asked in UPSC Mains?

Asked in 4 of 10 years, including 2 of the last 5. Highlighted years below are the ones it appeared in.

  1. 2016: asked
  2. 2017: not asked
  3. 2018: not asked
  4. 2019: asked
  5. 2020: not asked
  6. 2021: asked
  7. 2022: not asked
  8. 2023: not asked
  9. 2024: asked
  10. 2025: not asked

About the Mains GS Paper III paper

GS Paper III is a 250-mark descriptive Mains paper covering technology, economic development, biodiversity, environment, security and disaster management. See all 50 Mains GS Paper III topics.

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