• INDIAN POLITY FOR CIVIL SERVICES EXAMINATIONS
  • Indian Culture for Prelims Preparation
  • Environment and Ecology
  • Economics
  • Geography
  • Science & Technology
  • Indian History
  • Current Affairs

Economics

What UPSC says?

Economic and Social development – Sustainable development, Poverty, Inclusion,Demographics, Social sector initiatives etc.

About the subject:

Economics in the Preliminary exam has largely focused on issues of current relevance and also linking those areas with their concepts. An aspirant needs to build a good foundation of Macroeconomics to attempt these questions with ease.

Starting point here would be the NCERT textbooks of course and a good reading of the newspaper regularly.

While the syllabus matter worded by UPSC is very narrow, the subject also covers topics like National income, Inflation, Budget and Fiscal policies, Money and Banking,Taxation and so on along with the areas mentioned above.

A candidate should try to establish cause-effect relationships during the course of learning the subject. This would enable us to tackle the questions effectively and efficiently.

The relevance of the subject:

Monetary policies and financial management are two crucial elements governing any economy. Planning often deals with the nuances of finance and prevailing market conditions tend to affect the same. You must be well versed with the macro economic scenario as to take preventive measures both at an individual and public level. As an administrator, you must be able to develop far sight and foresight to utilize existing resources effectively, efficiently and economically.

upsc-prelims-economics-question-analysis

After Indian Polity, Economics remains as the contributor of the most number of questions in the Preliminary exams. The questions have ranged from easy to medium to difficult ones over the years. A candidate’s preparation must be rooted to conceptual clarity.

References:

  1. Introductory Macroeconomics – NCERT -12 th grade
  2. Indian Economy – Ramesh Singh or The Indian Economy – Sanjeev Verma
  3. The Hindu