Government Budgeting & Fiscal Policy

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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