| SUBTOPICS | FOCUSED AREAS |
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| - Role of the State in an Economy
- Sectors of an Economy – Primary, Secondary, Tertiary, Quaternary, and Quinary
- Capitalist, State, Mixed Economic System
- Factors Responsible for the Location of Primary, Secondary and Tertiary Sector Industries in Various Parts
- Macro economics – Poverty, Growth, Employment etc
- Micro economics – decisions made at a company, household or an individual level
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| - Concepts of Poverty – BPL, Poverty Gap, Poverty estimates etc
- Different Committees set-up to measure poverty – Suresh Tendulkar Committee, Rangarajan Committee etc
- Inequality and releted terms – Gini co-efficient , Lorenz Curve; concepts like relative inequality, absolute inequality.
- Issues with employment, different types of unemployment like disguised unemployment, underemployment etc; Globalization and its impact on labour.
- Demographic Dividend, Skill Development
- Development Indicators from International organisations like HDI, MPI (Multiple Poverty Index), Millennium Development Goals etc.
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| - Land reforms
- Green revolution
- Others Revolution – White, Pink, etc
- Cropping Patterns
- Agriculture Marketing
- Food Management
- PDS and Food Subsidy
- Food Processing and Related Industries in India.
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| - Industrial Policies up to 1986
- New Industrial Policy, 1991
- MSME Sector
- Index of Industrial Production
- Make In India Initiative
- Start-up India
- Indian Infrastructure
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| - Services Performance of India
- FDI in the Service Sector
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- Economic planning in India
| - Economic Planning before Independence – National Planning Committee, Visvesvarayya Plan, Bombay Plan, etc.
- Evolution of Indian Planning – From Planning Commission To NITI Aayog
- 1st Five Year Plan to 12th Five Year Plan – Objective, Special emphasis, Growth rate, and major development
- NITI Aayog: The new ‘think-tank’ to replace Planning Commission
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| - Definition, component
- Receipts – Capital Receipts and Revenue Receipts
- Revenue Account and Capital Account
- Revenue- Tax and Non-Tax,
- Tax Revenue includes Direct and Indirect Taxes
- GST
- Expenditure –Planned and Non-Planned
- Budget –Type, process (preparation ) and legislative process
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- National Income Accounting
| - Gross National Product (GNP)
- Gross Domestic Product (GDP)
- Gross National Income (GNI)
- Factor cost, Market Price,
- Purchasing power parity(PPP),
- Per-Capita Income (PCI) – a general understanding on how they are calculated and what all factors go into their calculation
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- Inflation and Business Cycle
| - Inflation, Depression, Recession and related terms and concepts like deflation, disinflation, reflation, stagflation, Philip’s curve
- Types of Inflation – based on the rate of growth of the prices– creeping, trotting, galloping, hyper-inflation
- Types of Inflation – based on the causes– Demand-pull, Cost-push, Structural, Speculation.
- Inflation measurements like CPI, WPI, GDP deflator
- Base year from which it’s calculated
- Role of Government and RBI in controlling inflation
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- Financial Market
- Money and Banking Systems
| - Money Market and Capital Market
- Securities and Exchange Board of India
- Insurance Regulatory and Development Authority
- Role and Functions of RBI
- Monetary Policy and measures – Bank rate, Repo rate, Reverse repo rate, Statutory Liquidity Ratio (SLR), Cash Reserve Ratio (CRR), Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF)
- Different types of Banks and their functioning– Commercial Banks, RRB’s, Development banks, NABARD, Co-operative Banks, Development Banks, Merchant Banks, Non-Banking Financial Company’s (NBFC’s), Regional Rural Banks (RRBs), etc.
- Banking reforms – Bank Nationalisation, Basel Norms, Narasimham Committee, etc.
- Steps were taken by the government with regard to Financial Inclusion – Jan Dan Yojana, Micro-finance, Mudra Bank, etc
- Understand Key-Terms– Financial Inclusion, Fiscal Consolidation, Narrow Banking, Non-Performing Assets, Shadow Banks, Weak Bank, Core Banking, Bank Run, Priority Sector lending, Capital to Risk-Weighted Assets (CRAR), etc., and other related concepts related to Banking – what steps have been taken by the Government and RBI in this regard.
- Recent Committee’s set up with regard to Banking Reforms and its important recommendations
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| - Community Development Programme
- Twenty Point Programme
- Major Government schemes since Independence
- Recent State Government and Central Government schemes
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| - Trade Facilitation Agreement & Treaty and Indian Stand
- International organizations (WTO, G-20, G-8, ADB, World Bank)
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