[Free Download] Economics pdf notes for upsc

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Economics pdf notes

 

Hello Friends, in this Economics pdf notes article we will cover one of most important topic economics questions in competitive exams, most student forget to learn and in every exams 3-4 questions will come and students was amazed, in this article we will discuss about indian economy for competitive exams questions. 

 

Short Notes on Economics for SSC AAO E-Book:- The term economics is derived from the ancient Greek word oikonomia, which means “management of a household”. Adam Smith defined economics “as the study of the nature and causes of the generation of wealth of a nation”. The subject matter of economics has been divided into two parts: Microeconomics and Macroeconomics. These terms were first coined and used by Ragnar Frisch and have now been adopted by economists all over the world.

 

 

Detailed summary of Economics pdf notes free download

 

Microeconomics:- Microeconomics occupies a vital place in economics and it has theoretical and practical importance. It is microeconomics that tells us how a free-market economy with its millions of consumers and producers works to decide about the allocation of productive resources among thousands of goods and services.

 

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The Indian Economy is a part of General Studies so, it is worth to have a grip on the subject and to make preparation easy we have divided this GK for SSC study material into 5 Sections i.e. Concepts of Economy & Horizon of Indian Economy; Economic Planning in India; Government Schemes & Programmes in India; Money and Banking; International Agencies and Trade, in which you will learn about the basics of Economics and Horizon of Indian Economy.

 

economics notes for upsc pdf free download

 

Microeconomics analysis is also usefully applied to the various applied branches of economics such as Public Finance and International Economics.

 

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Macroeconomics:- Macroeconomics analyses the behavior of the whole economic system in totality or entirety, such as total employment, national product or income, the general price level in the economy. Therefore, macroeconomics is also known as “aggregative economics”.

 

 

In this Economics Notes , you will get information on which topics we are going to read through the list below.

  • Budget & Taxation / Budget & Taxation
  • GST (Goods & ServiceTax): one nation one tax / (service and vastu tax) one country one tax
  • Direct Tax
  • Inflation
  • LPG Policy & Types Of Economics / LPG Policy
  • banking system
  • International Organization / International Organization
  • Demand & Supply / Demand and Fulfillment
  • Five-year Plans / Five Year Plan
  • Financial Market
  • National Income
  • Types Of Market
  • Theory of Consumer
  • Foreign Trade
  • Foreign Exchange Market
  • Forex Reserves
  • International Trade / International Trade
  • Special Drawing Rights / Special Drawing Rights
  • Trade Policy
  • Unemployment

 

indian economy questions and answers for competitive exams pdf

 

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Important questions asked in Indian economy for competitive exams:-

 

  1. How is the economy of India? – mixed economy
  2. What is meant by mixed economy?  Co-ordination of public and private sector
  3. What kind of country is India from economic point of view?  – developing
  4. What is the basis of economic growth?  – Production
  5. Which is the most dynamic factor of production?  – Finance
  6. What comes in the primary sector of the Indian economy.  – agriculture
  7. come in the secondary sector of the Indian economy.  – Industry, electricity and construction work
  8. Trade, transport, communication and services come under which sector of the Indian economy?  – in the third sector
  9. Who is called “Father of Economics”?  – Adam Smith
  10. The process of continuously rising prices is called  – inflation
  11. It means closed economy.  – Import-export closed
  12. Who was the founder of “Sarvodaya Yojana”?  – Jai Prakash Narayan
  13. Who first estimated the national income in India?  – Dadabhai Naoroji
  14. Who is considered the forerunner of liberalization of Indian economy?   Dr. Manmohan Singh
  15. What is the calculation of inflation in India based on?  – Wholesale Price Index
  16. Which sector has the largest share in the Gross National Product in the Indian economy?   – Tertiary Sector
  17. Where is the National Institute of Rural Development located?  – in Hyderabad
  18. Which institution controls the monetary policy of India?   – reserve Bank of India
  19. Which is the first fixed capital bank in India?  – Bank of Hindustan
  20. Which bank was established by nationalizing the Imperial Bank in the year 1955?  – state Bank of India
  21. Which is the first bank in India to have ISO? Certified by.   -Canara Bank
  22. What is the term Mandadiya and Tejadiya related to?  – from stock market
  23. What is the basic problem of unemployment in India?  – constructive negative
  24. Where is the Indian Institute of Foreign Trade located?  – New Delhi
  25. “Money is that which perform the function of money” This definition was given by which economist?  – walker
  26. Make in India campaign was launched to make India what.   – manufacturing hub
  27. What is related to “Gresham’s law” in economics.  – from currency
  28. Who gave the principle of consumer’s savings?   – Alfred Marshall
  29. Who gave the Big Push theory?  – by Rodan
  30. Which is the most urbanized state in India?  – Maharashtra
  31. When was the Reserve Bank of India nationalized?  – 1 January 1949
  32. Who has the absolute right to issue paper currency?   Near Reserve Bank
  33. Where is the headquarter of Reserve Bank of India.  – Mumbai
  34.  Who issues one rupee note?  – Finance Ministry
  35. When was the National Development Council formed?  – 1952 AD
  36. When was the Planning Commission formed?  – 1950
  37. Which is the Import-Export Bank of India?  – Exim Bank
  38. Whose statement is this “Money creates itself”?  – kronumer
  39. It is the main source of national income of India.   – service tax
  40. Meaning cheap money.  – lower rate of interest
  41. Narasimha committee is related to  – banking reforms
  42. Where is Currency Note Press located?  – Nashik
  43. It is the main cause of structural unemployment.   – insufficient production capacity
  44. Where is India’s disguised unemployment commonly seen?   – in agriculture
  45. Where was India’s first mobile bank established? Khargone (Madhya Pradesh)
  46. When was the first five year plan started in India?   – 1951 New Delhi
  47. What is the decrease in the quantity of money called?  – currency contraction
  48. The policy which the country’s central bank implements through credit subjective and qualitative instruments is called  – Monetary policy
  49. When the income of the government is less and expenditure is more, it is called economy.   – deficit economy
  50. NABARD is the full name of the bank.  National Bank for Agriculture and Rural Development.

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