Knowledge of financial management is vital for civil servants, particularly due to their role in managing public resources and implementing government policies. The UPSC exam tests this knowledge to ensure that aspirants can competently handle budgetary allocations, fiscal policies, and financial audits. An understanding of economic principles, government accounting systems, and accountability mechanisms is crucial, as civil servants are responsible for efficient allocation of funds. This proficiency not only aids in governance but also empowers them to take informed decisions that impact the economy positively, reflecting the prudent use of taxpayer money.