What are the major focus areas for the civil services exam related to economy

Provide an insight into the areas that an aspirant must focus on while preparing for the economy section of civil services exam
The economy is an important subject in the Civil Services Exam, and aspirants must have a solid understanding of its various aspects to score well in this section. The following are the major focus areas that aspirants should concentrate on while preparing for the economy section of the Civil Services Exam:
  • Macroeconomic concepts, such as GDP, inflation, monetary policy, fiscal policy, and balance of payments
  • Microeconomic concepts, including the theory of demand and supply, market structures, and production
  • Indian Economy, Including history, planning, and development
  • Governmental policies and programs relating to economic development, international trade, and investments
  • Important national and international institutions, such as the World Bank, IMF, Asian Development Bank, and others
Aspirants must have a thorough understanding of these concepts and their applications in government policies and programs. Additionally, they need to be updated on recent developments in the economy.
Answered a year ago
Amrita Preparing for Civil Services