Ayussh Sanghi is teaching live on Unacademy Plus
Ayussh Sanghi Age 27 Years Bio Chartered Accountant, Lawyer Experience - 2 Years Follow me on Unacademy https://unacademy.in/userlAyusshSanghi
Approach to lndian Economy 1.1
Target Audience Civil Service Aspirant:s . Other Government/ Competitive Exams like SSC/ Bank PO/ IES etc Any one else who wishes to learn the Basics of Economy.
Goal The Goal is to make you proper understanding of Fundamentals of Economy
Collection This Collection focusses on the Questions: How to Approach Indian Economy for Civil Services'? What is the Division of the Syllabus and how much time will it take for us to complete it?
FAQ's l don't have a background in Economics. I am from Science/ Engineering/ Medical/ etc background. How would I understand Economics as a discipline as it is very difficult? How to read the economy section of the newspaper? Would l ever understand it?
Myths Busted I don't have a background in economics - So what? >90% of the people don't have background in of the people dont haye b aur siithey sal one or the other subjects of GS, but still they sail through it. You're no exception As long as understanding goes, everything comes with maturity and maturity comes through Practice.
Break-Up of Syllabus Economics is important from the point of view of all 3 stages of Civil Services Exam: . Prelims Mains Interview
Prelims Firstly, be clear on the syllabus. UPSC takes the syllabus very seriously. Syllabus of Economy Portion: Economic and Social Development Sustainable Development, Poverty, . Inclusion, Demographics Social Sector initiatives, etc.
Actual Syllabus UPSC takes the leverage of the word "etc." and goes ahead with asking many questions. Hence let me list down all topics for:
Unit 1 - Introduction to Economics Different Sectors-Conceptsf . Primary , Secondary & Tertiary Sectors Constitution of each sector? What is their contribution to the GDP? Example: Tertiary sector covers services sector. It contributes 57% to India's GDP.
Prelim 2011 A "closed economy" is an economy in which (a) the money supply is fully controlled (b) deficit financing takes place (c) only exports take place (d) neither exports nor imports take place Solution (d)
Prelim 2013 The national income of a country for a given period is equal to the: (a) total value of goods and services produced by the nationals (b) sum of total consumption and investment expenditure (c) sum of personal income of all individuals (d) money value of final goods and services produced Solution (a)