PYQ Browser
4392 Previous Year Questions • 2016–2026 • Prelims, Mains, Essay, Optionals
Topic:[APFC] Fiscal/Monetary Policy & Financial System: Fiscal policy (budget, fiscal deficit), monetary policy (tools, RBI functions), banking system & NBFCs, Finance Commission (functions & role).22 PYQs
Clear Topic Filter ✕All Exams
Year
EPFO APFC - General Ability Test
3 shown2025•EPFO APFC•General Ability Test•Q.32
Fiscal Health Index 2025 published by the NITI Aayog provides a comprehensive assessment of fiscal health of 18 major States based on which of the following key sub-indices?
1
Quality of expenditure
2
Debt index
3
Debt sustainability
4
Fiscal prudence
5
Revenue mobilisation
Indian EconomyMedium
2025•EPFO APFC•General Ability Test•Q.37
Which of the following Development Financial Institutions were set up in India between 1950s and 1960s?
1
Industrial Finance Corporation of India (IFCI)
2
Industrial Credit and Investment Corporation of India (ICICI)
3
Industrial Development Bank of India (IDBI)
4
National Bank for Financing Infrastructure and Development (NaBFID)
Indian EconomyMedium
2025•EPFO APFC•General Ability Test•Q.46
Who amongst the following is not a member of the GST Council ?
Indian EconomyMedium
EPFO APFC - General Studies
10 shown2023•EPFO APFC•General Studies•Q.58
58. Consider the following statements :
1
The Department of Economic Affairs is a nodal agency of the Government of India to formulate and monitor the country's economic policies and programmes that have a bearing on the domestic and international aspects of economic management.
2
The principal responsibility of the Department of Economic Affairs is the preparation and presentation of the Union Budget (including the Railway Budget) before the Parliament, and the Budgets for Union Territories and States under the President's Rule.
Select the correct answer using the code given below.
Indian EconomyMedium
2023•EPFO APFC•General Studies•Q.81
81. Which of the following is not a capital
expenditure?
Indian EconomyMedium
2023•EPFO APFC•General Studies•Q.94
94. Which of the following statements about
recommendations of the 15th Finance
Commission is/ are correct?
1
Basic (untied) grants can be used by rural local bodies for location-specific felt needs under the 29 subjects enshrined in the Eleventh Schedule of the Constitution of India except for salaries and other establishment costs.
2
Tied grants can be used for basic services of sanitation and maintenance of ODF status, management and treatment of household waste and human excreta.
3
It recommended 'Health Grants' to create diagnostic infrastructure in primary health care facilities.
Select the correct answer using the code given below.
Indian EconomyMedium
2023•EPFO APFC•General Studies•Q.95
95. Which of the following statements about
the functions of the State Finance
Commission is/ are correct?
1
It reviews the financial position of the local governments in the State.
2
It reviews the distribution of revenue between rural and urban local governments.
Select the correct answer using the code given below.
Indian EconomyMedium
2016•EPFO APFC•General Studies•Q.32
How does an expansionary monetary policy affect the rate of interest and level of income ?
Indian EconomyMedium
2016•EPFO APFC•General Studies•Q.51
The term 'Dear Money' refers to
Indian EconomyEasy
2016•EPFO APFC•General Studies•Q.57
Which of the following are the roles of the Finance Commission in India?
1
The distribution of money collected through taxes
2
Evaluation of Centrally sponsored schemes
3
Evolve principles based on which funds are allotted among States
4
To develop Five Year Plans
Indian EconomyMedium
2016•EPFO APFC•General Studies•Q.117
Statement (I)
The effects of an income tax on consumption, saving and investment are micro effects.
Statement (II)
Income tax is an example of direct tax.
Indian EconomyMedium
2012•EPFO APFC•General Studies•Q.69
Inflation can be controlled by:
Indian EconomyMedium
2012•EPFO APFC•General Studies•Q.88
It is said that, in order to control inflation, foreign inflow needs to be sterilized. Sterilization here refers to:
Indian EconomyMedium
EPFO EO/AO - General Ability Test
7 shown2023•EPFO EO/AO•General Ability Test•Q.94
94.
Indian EconomyMedium
2023•EPFO EO/AO•General Ability Test•Q.111
Statement I
In India, Central Government determines the inflation target, in consultation with Reserve Bank of India, in terms of Consumer Price Index once in five years.
Statement II
At present, the Monetary Policy framework in India is operated by Central Government.
Indian EconomyMedium
2023•EPFO EO/AO•General Ability Test•Q.112
Statement I
In India, the RTGS and NEFT payment systems are owned and operated by National Payment Corporation of India.
Statement II
National Payment Corporation of India is an entity promoted by banks.
Indian EconomyMedium
2023•EPFO EO/AO•General Ability Test•Q.119
Which of the following statements about a 'unicorn' is/are correct?
1
In the venture capital industry, the term 'unicorn' refers to any startup that reaches the valuation of $10 billion.
2
Only a privately held startup can be a unicorn.
Indian EconomyMedium
2023•EPFO EO/AO•General Ability Test•Q.120
Which of the following statements about Santosh Trophy Tournament, 2023 is/are correct?
1
The final match was played in Riyadh.
2
The final match was played between Karnataka and Meghalaya
Indian EconomyMedium
2021•EPFO EO/AO•General Ability Test•Q.37
Which one of the following is the mandate of the Committee on Estimates?
Indian EconomyEasy
2017•EPFO EO/AO•General Ability Test•Q.43
Cess on coal at ff 100 per ton is a type of
Indian EconomyMedium