BPSC CCE Prelims 2025 Economy Most Important Questions and Topics

Himani Daryani

Updated On: September 11, 2025 05:03 PM

BPSC CCE Prelims 2025 is scheduled for September 13, 2025. Prepare for the exam through these BPSC CCE Prelims 2025 Economy Most Important Questions and Topics.
BPSC CCE Prelims 2025 Economy Most Important Questions and Topics

The BPSC CCE Prelims 2025 Economy section usually tests the understanding of India’s economic principles, Bihar’s economy, and some related financial policies. BPSC CCE Prelims 2025 will be conducted on September 13, 2025. The approaching exam date makes it important for students to be on top of their preparations with a thorough understanding of BPSC CCE Prelims 2025 Economy Most Important Questions and Topics. A thorough understanding of topics like money supply, banking structure, and Bihar’s fiscal trends can give you an advantage.

Here you will find the most important economy topics and sample questions for BPSC CCE Prelims 2025 that are likely to appear in the exam, explained in a clear and conversational way to help you study confidently.

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BPSC CCE Prelims 2025 Economy Most Important Questions

Here are some of the most important economy questions for 71st Bihar Public Service Commission CCE Prelims Exam 2025:

Q1: The proportion of total deposits that a commercial bank must keep with the Reserve Bank of India is called?
A1: Cash Reserve Ratio

Q2: Who is the chairperson of the GST Council?
A2: Union Finance Minister

Q3: The best index of economic development is?
A3: Growth in per capita real income

Q4: The Foreign Direct Investment (FDI) limit in the insurance sector was increased to?
A4: 74%

Q5: Bank rate mean?
A5: The rate at which the central bank lends to commercial banks

Q6: Which sector in India attracts the highest FDI equity flow?
A6: Service Sector

Q7: The Government policy ‘Make in India’ aims at?
A7: Transforming India into a global manufacturing hub

Q8: During the Twelfth Five-Year Plan, the average annual growth rate target for agriculture was?
A8: 4%

Q9: Which of the following is a fiscal policy tool?
A9: Taxation

Q10: Cash Reserve Ratio (CRR) is?
A10: Percentage of a bank's total deposits required to be kept with RBI as cash

Q11: Which of the following is not a quantitative tool of monetary policy?
A11: Credit rationing

Q12: The RBI governor during demonetization was?
A12: Urjit Patel

Q13: What is the full form of GDP?
A13: Gross Domestic Product

Q14: Which of the following is included in indirect taxes?
A14: GST

Q15: The Union Budget is presented by?
A15: Finance Minister

Q16: What does the Fiscal deficit mean?
A16: The Government spends more than it collects in revenues

Q17: Open Market Operations (OMO) are conducted by?
A17: Reserve Bank of India

Q18: The primary function of the Finance Commission is to?
A18: Allocate taxes between the Centre and the States

Q19: Inflation targeting by RBI aims to keep inflation in the range of?
A19: 2-6%

Q20: Which Act regulates the issuance and circulation of currency notes in India?
A20: Reserve Bank of India Act, 1934

Q21: The 'Rolling Plan' in India refers to?
A21: Annual plans

Q22: Monetary policy is formulated by?
A22: Reserve Bank of India

Q23: What is the key objective of fiscal policy?
A23: Inflation control, Promoting employment, Budget balancing

Q24: Which of the following is NOT a function of the Reserve Bank of India?
A24: Regulating stock market

Q25: What is SLR?
A25: Statutory Liquidity Ratio

Q26: India’s current account deficit is defined as?
A26: Difference between export and import of goods and services

Q27: Which is NOT a direct tax?
A27: Excise Duty

Q28: NBFC stands for?
A28: Non-Banking Financial Company

Q29: Which indicator is used to measure inflation?
A29: Consumer Price Index

Q30: The RBI was nationalized in the year?
A30: 1949

Q31: Fiscal Policy is controlled by?
A31: Ministry of Finance

Q32: Which one of the following is a capital receipt?
A32: Loans raised by the government

Q33: What is meant by 'Monetary Policy'?
A33: Central bank's management of money supply and interest rates

Q34: The Reserve Bank of India was established in?
A34: 1935

Q35: The term 'Repo Rate' refers to?
A35: Rate at which RBI lends to banks

Q36: Which one of the following is NOT a function of Commercial Banks?
A36: Issue currency notes

Q37: Fiscal deficit is financed mainly through?
A37: Borrowings

Q38: Which of the following is part of India's current liabilities?
A38: External Debt

Q39: Agricultural credit in India is mainly provided by?
A39: Commercial banks, Co-operative banks, Regional Rural Banks

Q40: 'Make in India' initiative was launched in?
A40: 2014

Q41: The National Monetary Policy is announced by?
A41: RBI Governor

Q42: What is 'Disinvestment'?
A42: Selling government-owned enterprises to the private sector

Q43: Which of the following is a qualitative tool of monetary policy?
A43: Moral suasion

Q44: The headquarters of RBI is located at?
A44: Mumbai

Q45: What does CPI stand for?
A45: Consumer Price Index

Q46: The Finance Commission is constituted under which Article of the Constitution?
A46: Article 280

Q47: Which is India's largest tax revenue source?
A47: Income Tax

Q48: What does FII stand for?
A48: Foreign Institutional Investor

Q49: The term 'Open Market Operations' refers to?
A49: Buying and selling of government securities by RBI

Q50: The Central Statistical Organisation is responsible for?
A50: National Income Estimation

Q51: 'Crowding out effect' implies?
A51: Government borrowing reduces private investment

Q52: The Fiscal Responsibility and Budget Management Act (FRBM) was enacted in?
A52: 2005

Q53: What is the role of NABARD?
A53: Promote rural credit and development

Q54: The base year used in India’s GDP calculation is?
A54: 2010-11

Q55: The current Governor of RBI (2025) is?
A55: Shaktikanta Das

Q56: The Union Budget for India is presented on?
A56: Last day of February

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BPSC CCE Prelims 2025 Economy Most Important Topics

Given below are some of the most important topics for BPSC CCE Prelims 2025 Economy:

Topics

SubTopics

Basic Concepts of Economics

  • Difference between Economy and Economics
  • Types of Economic Systems (Capitalism, Socialism, Mixed Economy)
  • Microeconomics vs Macroeconomics

Indian Economy Overview

  • Structure and Sectors of the Indian Economy
  • Features of the Indian Economy
  • Post-independence economic developments in Bihar

National Income Accounting

  • Concepts of GDP, GNP, NNP, National Income
  • Methods of calculating National Income in India
  • Importance and limitations of National Income data

Demand and Supply

  • Law of Demand and Supply
  • Elasticity of Demand and Supply
  • Exceptions to demand law (e.g., Giffen goods)

Inflation and Deflation

  • Meaning and causes
  • Types of inflation
  • Impact on the economy and control measures

Banking and Monetary Policy

  • Role and functions of RBI
  • Commercial banks and types of banks in India
  • Monetary policy objectives and instruments

Fiscal Policy and Budget

  • Components of the government budget
  • Types of taxes: Direct and Indirect
  • GST introduction and impact

Planning in India

  • Planning Commission vs NITI Aayog
  • Objectives and Importance of Five-Year Plans

Poverty, Unemployment and Related Issues

  • Types and causes of poverty and unemployment
  • Measures to reduce poverty and unemployment
  • Poverty line and related committees in India

Government Schemes related to the Economy

  • Major schemes for agricultural and rural development
  • Financial inclusion initiatives

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