Economics: An Integral Part of Preparation for Civil Services and Other Competitive Examinations

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2 Practice Test Papers Part I : General Economics Unit-I : Micro Economics General Introduction to Economics Theory of Production and Cost Consumption, Demand and Elasticity Concept Market Structure and Concepts of Equilibrium Determination of Prices Components and Theories of Distribution Elementary Concepts of Welfare Economics Unit-II : Macro Economics National Income Concepts Determination of National Income and Employment Determinants of Consumption, Saving and Investment The IS-LM Model (Determination of Interest Rate) Unit-III : Money, Banking and Public Finance Concept of Money and Measures of Money Supply; Velocity of Money Banks and Credit Creation: banks and Portfolio Management Central Bank and Control Over Money Supply Determination of the Price Level Inflation: Its Causes and Remedies Public Finance: Taxes and Non-Tax Revenues, Types of Budget Deficits Unit-IV : International Economics Theory of International Trade Free Trade and Protection Balance of Payments, Accounts and Adjustments Exchange Rate under Free Exchange Markets Evolution of the International Monetary System and World Trading Order Unit-V : Growth and Development Meaning and Measurement of Growth: Growth, Distribution and Welfare Characteristics of Under Development Stages of Growth and Theories of Growth and Development Sources of Growth (Capital, Human Capital, Population, Productivity, Trade and Aid, Non-Economic Factors; Growth Strategies) Planning in Mixed Economy-Indicative Planning, Planning and Growth Unit-VI : Economic Statistics Types of Averages Measures of Dispersion Correlation Index Numbers Part-II : Indian Economy Structure of Indian Economy National Income of India Economic Planning in India Regional Disparities Infrastructure Demography of India Poverty in India Employment Social Section Initiatives Agricultural Sector in India Industrial Development in India Prices and Price Policy Money and Banking Indian Public Finance Foreign Trade Glossary