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Trend Analysis of Economy

Economy forms an important part of the Civil Services Examination. The weightage of questions asked in Prelims vary between 16-18 questions.

The questions are mainly conceptual in nature with a twist of current affairs in that. The questions on Budget and Economic Survey are also asked.

Broad topics which are covered in the Economy are as follows:

1.      Basic Definitions associated with the Economy

2.      National Income Accounting

3.      Monetary Policy and Banking

4.      Fiscal Policy

5.      Inflation

6.      Government Budgeting and Deficits

7.      Indian Financial Market

8.      Balance of Payment

9.      Agricultural sector

10.  Industrial sector

11.  Financial Institutions

12.  Infrastructure

Economy trend analysis

If we analyse the previous year questions, certain sub-sections are frequently asked in the paper such as – National Income, inflation-deflation, fiscal and monetary policies, fiscal deficit, taxes, etc.

How to Prepare

The syllabus mentioned for the Prelims examination is in brief and does not define underlined topics or sub-topics needed for clearing the examination.

Hence in this process students end up in reading many books and materials. They fail to understand what to read, from where to read and how much to read.

It has also been seen that students prefer readymade materials available in the market rather than the books.

Significance of reading books:

·  Helps in better understanding

·  Helps in the development of broader outlook and learning of many micro-topics

·  Helps in the enhancement of comprehension skill.

Books important for the preparation of Economy are:

Note: In IASHELPDESK, we are providing the books, videos and sample questions at one stop so that a student may concentrate in the attainment of the knowledge rather than in accessing the different sources.