GS3 · Topic
Banking and Finance
Banks, NPAs, recapitalisation, bad banks, NBFCs, insolvency, financial inclusion, capital markets, cryptoassets.
56 UPSC Mains GS3 questions on Banking and Finance that toppers answered in test series, CSE 2019–2025, most answered first. Open one to see how toppers opened, built and closed it.
How do household savings contribute to the growth of the Indian economy? Do you think that the recent fall in household savings rate marks a rise in indebtedness and distress among Indian households?
10 marks · 150 words · Answered by 1 topper · CSE 2024
Macroeconomic IndicatorsPlanning and Resource Mobilisation
What is digital currency? Discuss the potential benefits of digital currency in financial transformation and the challenges associated with it.
10 marks · 150 words · Answered by 1 topper · CSE 2023
Banking and FinanceInformation Technology and AI
"The stress in NBFCs has ramifications on nation's economic recovery". In this context, highlight the issues faced by NBFCs in India and also suggest measures for their revival.
15 marks · 250 words · Answered by 1 topper · CSE 2021
Banking and FinanceMacroeconomic Indicators
Financial Inclusion is not only a goal in itself, but also means to an end as an enabler and accelerator of economic growth. In this context, highlight the role of fintech in deepening financial inclusion in India with egs.
Answered by 1 topper · CSE 2022
Banking and FinanceInclusive Growth
What do you understand by crowdfunding? Discuss the benefits and risks associated with the crowdfunding model to raise capital. Also, highlight the current regulatory scenario related to it in India.
15 marks · 250 words · Answered by 1 topper · CSE 2022
Planning and Resource MobilisationBanking and Finance
Union budget 2022-23 has proposed the introduction of the Central Bank Digital Currency (CBDC) to boost the digital economy. What do you understand by Central Bank Digital Currency (CBDC) and in what ways can it boost the digital economy in India?
15 marks · 250 words · Answered by 1 topper · CSE 2022
Banking and FinanceMonetary Policy
The FinTech sector has emerged as a disruptive force, reshaping traditional banking and financial services in India. Examine.
10 marks · 150 words · Answered by 1 topper · CSE 2024
Banking and FinanceInformation Technology and AI
With a number of issues continuing to be a roadblock, a large section of India's rural population is still 'financially excluded'. Discuss. Analyse how these issues can be addressed and the measures taken by the government and RBI recently in this regard.
10 marks · 150 words · Answered by 1 topper · CSE 2019
Banking and FinanceInclusive Growth
What is Near Field Communication (NFC) technology, and how is it enabling tap-to-pay transactions? Highlight its benefits and limitations? Does it carry any potential risks?
15 marks · 250 words · Answered by 1 topper · CSE 2025
Information Technology and AIEmerging Technologies
Analyse how fintech can enhance financial inclusion and reduce gender gaps in India. Also, identify key challenges that need to be addressed.
10 marks · 150 words · Answered by 1 topper · CSE 2024
Banking and FinanceInclusive Growth
As the Pradhan Mantri Jan Dhan Yojana (PMJDY) completes a decade of its implementation, evaluate its effectiveness in promoting financial inclusion and economic empowerment in the country.
15 marks · 250 words · Answered by 1 topper
Banking and FinanceInclusive Growth
To what extend Insolvency and Bankruptcy law is able to rupture the "Chakravyuh Challenge" of Indian economy? Critically evaluate
10 marks · 150 words · Answered by 1 topper · CSE 2021
Banking and FinanceIndustrial Policy and Liberalisation
Internationalisation of the rupee seeks to elevate India's role in global finance by encouraging its use in international trade and investment. Comment on the present policies of the Government in this regard.
10 marks · 150 words · Answered by 1 topper · CSE 2024
Macroeconomic IndicatorsBanking and Finance
What are Non-Fungible Tokens (NFTs)? Write down its applications in real life?
10 marks · 150 words · Answered by 1 topper · CSE 2022
Information Technology and AIBanking and Finance
Discuss arguments in favor and against of crypto currencies as legal tender of Economy. Also give your opinion regarding Future role that crypto currency could play in Economy.
15 marks · 250 words · Answered by 1 topper · CSE 2021
Banking and FinanceMonetary Policy
Critically analyse the suggestion of allowing large corporate and industrial houses to act as promoters of banks.
15 marks · 250 words · Answered by 1 topper · CSE 2021
Banking and FinanceIndustrial Policy and Liberalisation
It is argued that Pradhan Mantri Jan Dhan Yojana (PMJDY) has produced both transformational and directional change in financial inclusion in India. Do you agree? Elaborate with logical arguments.
15 marks · 250 words · Answered by 1 topper · CSE 2022
Banking and FinanceInclusive Growth
Enumerate and briefly explain the major functions of the Reserve Bank of India (RBI) as the central bank of the country.
10 marks · 150 words · Answered by 1 topper · CSE 2025
Monetary PolicyBanking and Finance
Analyse how fintech can enhance financial inclusion and reduce gender gaps in India. Also, identify key challenges that need to be addressed. (10M)
10 marks · 150 words · Answered by 1 topper · CSE 2024
Banking and FinanceInclusive Growth
Discuss the macroeconomic risks posed by unregulated Virtual Digital Assets. How can India reconcile its financial stability objectives with the opportunities offered by blockchain innovation?
15 marks · 250 words · Answered by 1 topper · CSE 2025
Banking and FinanceMonetary Policy
Fintech's transformative capacity in fostering financial inclusion is evident but unlocking its full potential demands addressing key challenges. Discuss.
10 marks · 150 words · Answered by 1 topper · CSE 2025
Banking and FinanceInclusive Growth
Evaluate the merits and demerits of maintaining rigid Priority Sector Lending (PSL) quotas versus adopting market-driven credit allocation mechanisms to achieve inclusive growth.
10 marks · 150 words · Answered by 1 topper · CSE 2025
Banking and FinanceInclusive Growth
Examine the performance of the Insolvency and Bankruptcy Code (IBC) and issues which hinder the achievement of its stated objectives.
10 marks · 150 words · Answered by 1 topper · CSE 2024
Banking and FinancePlanning and Resource Mobilisation
Examine the measures taken by the Indian Cybercrime Coordination Centre (I4C) to enhance cyber security in India. Also, examine the initiatives taken by the RBI to address emerging cyber security risks.
10 marks · 150 words · Answered by 1 topper · CSE 2024
Cyber SecurityBanking and Finance
The 2025 Economic Survey has highlighted deregulation as a tool for financial deepening. In this context, enumerate the potential benefits and risks of deregulation in the financial services sector.
10 marks · 150 words · Answered by 1 topper · CSE 2025
Banking and FinanceIndustrial Policy and Liberalisation
What is the difference between fiat currency and digital currency? Analyse the risks associated with digital currencies in context of India.
15 marks · 250 words · Answered by 1 topper · CSE 2021
Banking and FinanceMacroeconomic Indicators