Applied Economy For Civil Services Prelims and Mains Examination

Introduction: Being the most applied and dynamic part of General Studies starting from Prelims exam to interview, its growing importance for Civil service aspirants, goes without saying. It also plays a vital role in the day to day life of human beings. Therefore, the study of Economy always requires an updated, careful, clear, basic and comprehensive study. Though it is not a tough task but it has been felt that the majority of the aspirants try to make a distance due to lack of proper guidance which leads them to a fatal result. But, we have decided to convert it into a success story, provided that they could trust and follow our guidelines properly.

Highlights:

  1. Focused approach on the basic part of Economy which enable them to understand and to have a clear concept to about day to day global economic happenings.
  2. Complete coverage of entire course of study that has been incepted directly or indirectly in the syllabus of UPSC.
  3. Periodical seminar on the current economic issues.
  4. Seminar classes to solve individual problems.
  5. Regular objective and subjective test.

Strategy of Preparation Since each and every subject has its own nature and idea logical base and the way of study or the way of interaction is decided accordingly. As for as Economy is concerned it has a strong technical and theoritical base which makes it some what difficult to understand, at the initial stage. On the other hand it has a Guide Comprehensive applied part which is most dynamic and therefore it needs close and regular watch. Therefore, I could categorically say that the strategy of preparation with respect to economy always requires the following parameters

Source of Materials (Apart from class study) :

  1. The Hindu
  2. Yojana and Kurukshetra
  3. Economic Survey (Under proper guidance)
  4. India year Book (selected chapters)
  5. The Economic Timer/ The Financial express / The business Line (any one)
  6. The Frontline (selected articles or issues)
  7. All India Radio (Current Affairs Programmes)

Paper Analysis :

Prelims Exam Only on Economy Numbers of questions / Year wise

Note: It shows increasing role of economy in prelims.

Mains Exam :

Paper I - 30 marks questions based on the topics mentioned in the syllabus and even more marks are added if the number of quest. Based on Current issues are covered.

Paper-II - 90 marks based on the topics mentioned in the syllabus proposed by UPSC, covering almost all the topics. Range of word limit is 25 words to 250 words.

In fact, 120 marks questions out of 600 play vital role for deciding the final result and more over for the rank in the final result.
N.B. - If an aspirant takes interest in the study of economy he could be able to get a topic also for Essay for 200 Marks. It could be regarded as ‘BONUS’ being interactive with the study of Economy.

Lecture Topics :

Module – 1

Module – 2

Money and Banking

Inflation

Capital or Stock Market

Module - 3

Social Sector

Module – 5

Planning in India

Foreign Sector

Module – 7

Foreign Investment in India

Foreign Exchange Policy

Module – 9

International Organisations

Module – 11

Infrastructural Sector

Industrial Sector

Module – 13

Agricultural Sector

Module – 14

Module – 15

By : L.S. Mishra