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TU CMAT Masters study materials
TU CMAT Masters study resources

TU CMAT Masters: General Awareness: Current Affairs, Nepalese Polity, Economy, and Business Environment

TU CMAT Masters · Work through your exam, one topic at a time.

All guide sections

General Awareness: Current Affairs, Nepalese Polity, Economy, and Business Environment

General Awareness checks whether you can place Nepal's institutions, economy, and business environment in context. The CMAT Masters section mixes current affairs with stable civic knowledge: the 2015 Constitution, federalism, the central bank, budget and monetary policy, trade and remittance, and the agencies that regulate business.

Core rules

  • Constitution first. The Constitution of Nepal was promulgated on 20 September 2015. It created a federal democratic republic with three tiers of government: federal, provincial, and local. There are seven provinces, 77 districts, and 753 local levels.
  • Federal division. Defence, foreign affairs, and currency are federal; policing, health, and education are shared or provincial/local in practice. Know the difference between the federal legislature and the provincial assemblies.
  • Central bank. Nepal Rastra Bank, established in 1956, formulates monetary policy, manages foreign exchange reserves, issues currency, and supervises banks. Fiscal policy-tax and spending-belongs to the Ministry of Finance.
  • Economy and business. Remittance, agriculture, tourism, hydropower, and services matter to GDP. The Nepal Stock Exchange (NEPSE) is the securities market; the Securities Board of Nepal (SEBON) regulates it. Special Economic Zones offer infrastructure and incentives to exporters.
  • Current affairs. Track the annual budget, monetary policy, GDP growth, inflation, and appointments, but mark facts that change and verify them close to the exam.

Worked example

Which body announces Nepal's monetary policy? The Ministry of Finance handles the government budget and fiscal policy; Nepal Rastra Bank is the central bank and announces monetary policy. NEPSE is the exchange, and SEBON is the securities regulator. The answer is Nepal Rastra Bank because monetary policy means managing money supply, interest rates, and credit, which is a central-bank function.

Traps

  • Mixing fiscal policy (government tax/spending) with monetary policy (central bank).
  • Using pre-2015 unitary-state facts.
  • Confusing the roles of SEBON and NEPSE.
  • Quoting a current officeholder or budget figure that has since changed.

Exam focus

Build a one-page map of institutions and their functions. For current affairs, use the last six months of a reliable national daily and note dates.