Group (A) - Basic Features of Indian Economy
(I) National Income ; Elementary concepts of national Income and methods of its calculation e-g,GDP, GNP, NDP, NNP, CSDP. NSDP, DDP at constant and current prices, at factor cost etc;
(II) Inflation : Concept control of inflation : monetary, fiscal and direct measures.
(III)Demographic features : Work force composition, demographic dividend with special reference to census of 2011; National Population Policy
(IV) Agriculture and Rural Economy : Importance of agriculture in national economy; agricultural growth in India-production & productivity; causes of low productivity and measures taken by government to improve agricultural production; Green Revolution, Ever Green Revolution and Rainbow revolution; WTO and agriculture.Marketing and pricing of agricultural inputs and outputs.
(V) Industrial Economy: Policy Initiative & charges
(VI) Public Finance : nature, importance and scope of public finance; Public Revenue-Principles and types of taxation; direct, indirect, progressive and proportional, concept of VAT.
(VII) Public Expenditure : Theories of public expenditure; causes of growth of public expenditure and its impact on economy; internal and external borrowings.
(VIII) Budget : Principles of budgeting; types of budgeting-principles- .Zero based; FRMD
(IX) Fiscal Policy : Concept and role of fiscal policy in achieving employment, stability and economic development.
(X) Centre-State fiscal relationship,role of Finance Commission; Financial aspects of 73rd and 74th Constitutional amendments.
(XI) Structure of Indian monetary and banking system in India.
(XI)(A) Composition and direction of India's trade; Balance of payment problem
