Description:

Prepare for the UPSC Prelims Economic Test Series with this comprehensive course that covers important economic concepts, theories, and their applications in the context of the exam.

Economics Sectional Test 1:

Fiscal Policy and Inclusive Growth
Budgeting Union Budget
Plan and Non Plan Expenditure
Revenue Receipts
Tax Revenue Receipts Non-Tax Revenue Receipts
Fiscal Policy
Fiscal Responsibility and Budget Management (FRBM) Act, 2003
Revenue Deficit, Fiscal Deficit, Primary Deficit Deficit and Surplus Budget Deficit Financing
Centre State Distribution
Finance Commission (A280)
Tax Structure in India
Tax – Direct Tax, Indirect Tax Methods of Taxation – Progressive,
Regressive, Proportional Value Added Tax – VAT in India Goods and Services Tax – GST, GST Council
Service Tax DTC – Direct Tax Code

Economics Sectional Test 2:

anking and Monetary Policy
* Money- Basics, functions, Evolution (Commodity, Metallic M, Paper Money, Bank Money, Electronic Order, Plastic Money, Crypto Currency), Different Aspects (Money Supply, Money Multiplier), NPCi &
Digital Payments
* Monetary Policy- Quantitative & Qualitative Tools, Monetary Policy Committee, etc
Scheduled Commercial Banks Nationalized?Banks
Public Sector Banks?
State Bank of India
Private Banks
Foreign Banks
Regional Rural Banks
Scheduled Co-operative Banks
Reserve Bank of India (RBI) Methods of Credit Control
Cash Reserve Ratio (CRR)
Statutory Liquidity Ratio (SLR)
Repo Rate
Reserve Repo Rate
Call Rates Marginal Standing Facility (MSF)
Bank Rate
Banking Sector Reforms in India Differentiated Banks
Payment Banks
Small Banks New banking licence White Label ATM
Unified Payments Interface
Bank Board Bureau Marginal Cost of Funds Based Lending Rate (MCLR)
Priority Sector Lending Certificates
Concept of Micro ATM
Banking Reforms
Basel Norms
Banking Ombudsman Development Financial Institutions
Insurance Companies
Recent developments in Economic Sector Government to recapitalize the PSB’s
RBI rule and regulation for peer to peer (P2P) lending Domestic Systematically Important Banks (SIBs) of
India
Financial Inclusion in India
The Concept of Bad Bank Alternative Mechanism Panel for PSB consolidation
Employee Provident Fund of India
Enforcement Department In RBI Gold Monetization Scheme (GMS)
Indian Post Payment Bank (IPPB)
Indian Gold Coins/Gold Bullion Scheme

Economics Sectional Test 3:

Financial Market
Concept and functions of financial markets
Importance of money market
Types of capital market Distinguish between capital market and money market Nature and functions of a stock exchange Advantages of stock exchanges
Limitations of stock exchanges
The stock exchanges in India
Insurance Industry - Insurance Industry and Reforms
Role of Financial Regulators: SEBI and IRDA
External Sector
Foreign Trade Concepts
Balance of Payments
Foreign Capital – FDI, FPI, FII, QFH
Foreign Exchange–Exchange Rate NEER & REER, ETF
FERA & FEMA
Capital Account Convertibility in India
India's External Debt NRI Deposits
Trade Composition
Trade Policy and Agreements
Import Cover
Import/Export Controls New Foreign Trade policy
Export Promotion General Agreement on Tariffs and Trade
Exchange Rate
Exchange Market
LERMS NEER
REER
ETF
International Organizations
Regional and Global Trade Blocks

Economics Sectional Test 4:

Labour & Employment
Poverty Definition and Indices
Poverty?in India Human Poverty Index (HPI)
Expert Groups for Estimating Poverty
Inequality
Employment
Employment and Unemployment
Poverty?Eradication and Employment Related Related
programs Government Schemes and?Programs New Social Welfare Schemes
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Other Social Protection?Programmes?
Rural Infrastructure and Development
Sectors of Economy Agriculture: ▪ Recent trends in Agriculture Sector, ▪ Cropping System and Pattern; ▪ Agricultural Marketing and Reforms; ▪ Agricultural Research; ▪ Sustainable Agriculture; ▪ Animal Husbandry ▪ PDS ▪ Farm distress and government initiatives
Industrial Sector: ▪ Industrial Policies, ▪ Licensing ▪ MSME ▪ Labour Reforms ▪ Companies Act ▪ Make in India, Skill India ▪ Challenges in Industrial development ▪ Organised and unorganised sector ▪ PPP, Investment models ▪ Recent initiatives taken by the govt., etc.
Services: ▪ Banking, ▪ Insurance, ▪ Aviation, ▪ Tourism, ▪ Issues and potential of services sector ▪ Government policies etc. ▪ Five year Plans: Priorities and Performance, Issues
related to planning ▪ Economic Policies till 1991 ▪ Economic Reforms since 1991: End of license Raj,
Liberalization, Privatisation and Globalisation, FDI, FII,
issues, challenges etc.
Infrastructure Sector & Energy Sector
Infrastructure- Basis, Mining, Energy, Water &
Sanitation, Transport, Tourism, Urban & Rural infra, Disaster, Communication & Infrastructure Models

Economics Full Length Test