Aspirant Academy

Economy

Previous Year Question Patterns

Public Finance: Union Budget, Revenue/Expenditure, Deficit, Public Debt, Fiscal Policy, Finance Commission

Paper I · Unit 2 Section 9 of 12 0 PYQs 29 min
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Previous Year Question Patterns

Year Marks Question Summary Sub-topic
2013 5 Jan Dhan Yojana and financial inclusion Fiscal policy / welfare
2016 5 Tax reform in India — GST background Tax revenue / reform
2018 2 What is Non-tax revenue? Give examples Revenue classification
2021 2 What is Revenue Expenditure in Indian budget? Expenditure classification
2023 2 What is Non-tax revenue of Central Government? Revenue receipts

Pattern Observations:

  1. Questions have been consistently at 2-mark or 5-mark level — definition/classification type
  2. For 2026 (no 2-mark questions), expect 5-mark questions on: types of deficits, FRBM Act, Finance Commission role, or capex vs. revex distinction
  3. Possible 10-mark question: "Discuss the role of Finance Commission in Indian fiscal federalism" or "Explain India's fiscal consolidation path"
  4. Union Budget 2025-26 data and 16th Finance Commission constitute fresh, unasked material