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General Policy, Polity & Economy

General Awareness — Paper-I · Official 2026 Coverage

Useful for: SSC CGL

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Overview

This Tier-II topic links constitutional provisions, major government schemes and economic policy tools.

Key points

MGNREGA (2005) guarantees up to 100 days of wage employment to rural households.
Pradhan Mantri Jan Dhan Yojana (2014) aims at universal access to bank accounts.
Ayushman Bharat (2018) provides health cover through PM-JAY.
GST (2017) unified many indirect taxes; the GST Council is a constitutional body (Article 279A).
Monetary policy is set by the RBI’s Monetary Policy Committee; fiscal policy by the government.

Explanation

Finance Commission (Article 280) recommends sharing of taxes between the Centre and states.
The Comptroller and Auditor General (Article 148) audits government accounts.
Disinvestment means selling the government’s stake in public enterprises.
Direct Benefit Transfer sends subsidies directly to bank accounts.

Step by step

Identify the exact fact asked (person, year, article, place).
Recall it from a linked group, not in isolation.
Eliminate options from the wrong period or category.

Examples

The GST Council is established under → Article 279A.
The body recommending Centre–state tax sharing → the Finance Commission (Article 280).
MGNREGA guarantees → 100 days of wage employment per rural household per year.

Traps and advanced points

Trap: Mixing monetary and fiscal policy makers.
Trap: Confusing the Finance Commission with NITI Aayog.
Trap: Wrong years for flagship schemes.

Quick revision

Art 279A GST Council; Art 280 Finance Commission; Art 148 CAG.
MPC sets repo rate.
Scheme ↔ year ↔ aim.

Practice MCQs

A constitutional amendment under Article 368 is introduced in which form?
1. A joint resolution of States only
2. A Bill in either House of Parliament
3. An ordinance only
4. A Money Bill only
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Answer: (b) A Bill in either House of Parliament. A constitutional amendment under Article 368 is introduced in A Bill in either House of Parliament.
A direct tax is one whose legal burden is generally intended to be borne by whom?
1. Any random consumer only
2. The person/entity on whom it is imposed
3. No one
4. Foreign government only
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Answer: (b) The person/entity on whom it is imposed. A direct tax is one whose legal burden is generally intended to be borne by The person/entity on whom it is imposed.
A Money Bill can be introduced only in which House of Parliament?
1. Either House
2. Joint Sitting
3. Lok Sabha
4. Rajya Sabha
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Answer: (c) Lok Sabha. A Money Bill can be introduced only in Lok Sabha. Compare: The Vice-President of India is ex-officio Chairman of Rajya Sabha.
A no-confidence motion in Parliament is moved in which House?
1. Rajya Sabha only
2. Lok Sabha
3. Joint sitting
4. Either House
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Answer: (b) Lok Sabha. A no-confidence motion in Parliament is moved in Lok Sabha.
A progressive tax generally means what?
1. Only companies pay tax
2. Everyone pays the same rupee amount
3. Tax rate falls as income rises
4. Tax rate rises as taxable income rises
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Answer: (d) Tax rate rises as taxable income rises. A progressive tax generally means Tax rate rises as taxable income rises.
CRR is maintained by scheduled commercial banks with which institution?
1. SEBI
2. Finance Commission
3. Reserve Bank of India
4. NABARD only
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Answer: (c) Reserve Bank of India. CRR is maintained by scheduled commercial banks with Reserve Bank of India. Compare: SEBI = Securities and Exchange Board of India.
CRR requires banks to keep a share of deposits in what form?
1. Cash balance with RBI
2. Foreign currency abroad
3. Corporate bonds only
4. Gold with customers
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Answer: (a) Cash balance with RBI. CRR requires banks to keep a share of deposits in what form? — Cash balance with RBI.
GDP measures final goods and services produced primarily within what boundary?
1. Only by citizens anywhere
2. Domestic territory
3. Only in rural areas
4. Only by government firms
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Answer: (b) Domestic territory. GDP measures final goods and services produced primarily within what boundary? — Domestic territory.
GDP measures the market value of final goods and services produced where?
1. Only by government companies
2. Only in agriculture
3. Within a country’s domestic territory during a period
4. Only by citizens anywhere in the world
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Answer: (c) Within a country’s domestic territory during a period. GDP measures the market value of final goods and services produced where? — Within a country’s domestic territory during a period.
GST is primarily what type of tax?
1. Direct tax on personal income
2. Indirect tax on supply of goods and services
3. Property registration fee only
4. Wealth tax only
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Answer: (b) Indirect tax on supply of goods and services. GST is primarily what type of tax? — Indirect tax on supply of goods and services.