ECONOMY (PRE)

BASIC CONCEPTS

 Macroeconomic Concepts
o Meaning of Economics
o Types of Economies
o Sectors of an Economy
o Other Sectors of Economy??
 Microeconomic Concepts

ECONOMIC MEASUREMENTS

 National Income Concepts and Methods of Calculation

o National Income
o Real National Income
o Calculating National Income
o Gross Fixed Capital Formation (GFCF)
o National Organizations Related to National Income Accounts
o Latest India’s National Income Estimates
o New Series of National Statistics (Base Year 2011-12)
o Annual Estimates of Expenditures on GDP
o Per Capita Income
o Purchasing Power Parity
o Lorenz Curve
o Philip’s Curve
o Gini Coefficient
 ?Inflation
o Concepts and Types of Inflation
o Causes of Inflation
o Effects of Inflation
o Measures of Inflation
 WPI, CPI
 Producer Price Index
 GDP Deflator
 Core Inflation
o Change in Reporting of Inflation
o Measures to Check Inflation??
 Fiscal Measures
 Administrative Measures
 Monentary Measures
o Economic Growth and Development
 Economic Growth
 Economic Development
  Measurement of Economic Development
 Physical Quality of Life Index (PQLI)
 Millennium Development Goals (MDGs)
 Different Levels of Economic Development
 Economy and Environment?
 Environment Taxes
 Carbon Tax
 Green Accounting
 th
12 Five Year Plan and Sustainability?

MONEY AND BANKING

 Money Function and Classification

o Money Concept
o Measures of Money Supply in India
o Indian currency system
o Broad and Narrow Money
o Money multiplier
o Digital Money
o New Monetary Aggregates
o Monetary Policy
 Financial Market and its Instruments
o Concept and functions of financial markets
o Importance of money market
o Types of capital market
o Distinguish between capital market and money market
o Nature and functions of a stock exchange
o Advantages of stock exchanges
o Limitations of stock exchanges
o The stock exchanges in India
o Insurance Industry - Insurance Industry and Reforms
o Role of Financial Regulators: SEBI and IRDA
 Banking Structure in India
o Scheduled Commercial Banks
o Nationalized Banks
o Public Sector Banks?
 State Bank of India
o Private Banks
o Foreign Banks
o Regional Rural Banks
o Scheduled Co-operative Banks
o Reserve Bank of India (RBI)
o Methods of Credit Control
o Cash Reserve Ratio (CRR)
o Statutory Liquidity Ratio (SLR)
 o Repo Rate
o Reserve Repo Rate
o Call Rates
o Marginal Standing Facility (MSF)
o Bank Rate
o Banking Sector Reforms in India
o Differentiated Banks
 Payment Banks
 Small Banks
o New banking licence
o White Label ATM
o Unified Payments Interface
o Bank Board Bureau
o Marginal Cost of Funds Based Lending Rate (MCLR)
o Priority Sector Lending Certificates
o Concept of Micro ATM
o Banking Reforms
o Basel Norms
o Banking Ombudsman
o Development Financial Institutions
o Insurance Companies
o Recent developments in Economic Sector
 Government to recapitalize the PSB’s
 RBI rule and regulation for peer to peer (P2P) lending
 Domestic Systematically Important Banks (SIBs) of India
 Financial Inclusion in India
 The Concept of Bad Bank
 Alternative Mechanism Panel for PSB consolidation
 Employee Provident Fund of India
 Enforcement Department In RBI
 Gold Monetization Scheme (GMS)
 Indian Post Payment Bank (IPPB)
 Indian Gold Coins/Gold Bullion Scheme

PUBLIC FINANCE IN INDIA

 Budgeting
o Union Budget
o Plan and Non Plan Expenditure
o Revenue Receipts
o Tax Revenue Receipts
o Non-Tax Revenue Receipts
 Fiscal Policy
o Fiscal Responsibility and Budget Management (FRBM) Act, 2003
o Revenue Deficit, Fiscal Deficit, Primary Deficit
 o Deficit and Surplus Budget
o Deficit Financing
 Centre State Distribution
o Finance Commission (A280)
 Tax Structure in India
o Tax – Direct Tax, Indirect Tax
o Methods of Taxation – Progressive,
Regressive, Proportional
o Value Added Tax – VAT in India
o Goods and Services Tax – GST, GST Council
o Service Tax
o DTC – Direct Tax Code

PLANNING

 Meaning Objectives and History

o Meaning of Economic Planning
o Objectives of Planning
o Strategies of Planning
 Harrod Domar strategy
 Nehru Mahalo Nobis strategy
 Gandhian strategy
 LPG strategy
o Regional and National Planning
o Imperative and Indicative Planning
o History of Planning in India
o Visvesvaraya Plan, Gandhian Plan FICCI Proposal, Congress Plan Bombay Plan
o Planning Commission and National Development Council(NDC)
o Central Planning – 5 Year Plans, 20 Point Program, MPLADS
o Decentralized Planning
 Planning Institutions
o Planning Commission
o NITI Aayog
o National Development Council (NDC)
 Five Year Plans in India
12 Five Year Plan (2012-2017)
th
o
Alternative Scenarios During 12 Plan
th
o
o Economic Reforms

OPEN ECONOMY

 Foreign Trade Concepts

o Balance of Payments
o Foreign Capital – FDI, FPI, FII, QFH
o Foreign Exchange–Exchange Rate NEER & REER, ETF
 o FERA & FEMA
o Capital Account Convertibility in India
o India's External Debt
o NRI Deposits
o Trade Composition
 Trade Policy and Agreements
o Import Cover
o Import/Export Controls
o Foreign Trade policy 2015-20
o Export Promotion
o General Agreement on Tariffs and Trade
 Exchange Rate
o Exchange Market
o LERMS
o NEER
o REER
o ETF
 International Organization
o United Nations
o Food and Agriculture Organization (FAO)
o International Civil Aviation Organization (ICAO)
o International Fund for Agricultural Development (IFAD)
o International Labour Organization (ILO)
o International Maritime Organization (IMO)
o International Monetary Fund (IMF)
o International Telecommunication Union (ITU)
o United Nations Educational, Scientific and Cultural Organization (UNESCO)
o United Nations Industrial Development Organization (UNIDO)
o Universal Postal Union (UPU)
o World Bank Group (WBG)
o International Bank for Reconstruction and Development (IBRD)
o International Finance Corporation (IFC)
o International Development Association (IDA)
o World Health Organization (WHO)
o World Intellectual Property Organization (WIPO)
o World Meteorological Organization (WMO)
o World Tourism Organization (UNWTO)
o World Trade Organization (WTO)
o Asian Development Bank
o Asian Infrastructure Investment Bank (AII)
o New Development Bank
o African Development Bank
 Trade Agreements
o RCEP
o TPP
o NAFTA
 o MERCOSUR
o Southern African Development Community (SADC)
o ASEAN
o SAFTA
 Recent Developments in External Sector
o Global foreign exchange committee
o Price capping of medical devices in India
o Review of the International Investment Agreement (IIA)
o India signed the OECD multilateral convention to prevent BEPS (Base Erosion and
Profit Shifting)
o Second Exchange Traded Fund (ETF) Bharat 22
o Double Tax Avoidance Treaty
o Preferential Trade Agreement with Chile
o Advance Pricing Agreement
o National Committee on Trade Facilitation
o E-tourist Visa
o India’s Asylum Policy
o Investor-State Dispute Settlement (ISDS)

ECONOMIC SECTORS

 Poverty
o Definition and Indices
o Poverty In India
o Human Poverty Index (HPI)
o Expert Groups for Estimating Poverty
o Inequality
 Employment
o Employment and Unemployment
o Poverty? Eradication and Employment Related programs
 Government Schemes and? Programs
o New Social Welfare Schemes
o Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
o Other Social Protection Programmes
o Rural Infrastructure and Development
o Urban Infrastructure, Housing and Sanitation
o Education Schemes
o Financial Inclusion Schemes
o Health Schemes
o Women Empowerment Programmes
o Other Women Empowerment Programmes
o Social Security
 Committees
o Ratan P Watal Committee on Digital Payment
o Committee for Market Infrastructure Institution (MII)
o P. J. Nayak Committee
o Deepak Mohanty Committee Report on Medium-term Path on Financial Inclusion
o Narasimha Committee Report on Banking Sector Reforms
o Uday Kotak Committee on Corporate Governance
o Nachiket Mor Committee