Basic Concepts of Economics

• Micro & Macro Economics
• Types of Economy
• Factors of Production
• Opportunity Cost

National Income

• GDP, GNP, NNP
• Nominal vs Real GDP
• Per Capita Income
• Methods of Calculation

Money & Banking

• Functions of Money
• RBI functions
• Types of Banks
• Repo Rate, Reverse Repo
• CRR, SLR

Inflation

• Types (Demand-pull, Cost-push)
• WPI vs CPI
• Causes & Effects

Indian Budget

• Revenue & Capital Budget
• Fiscal Deficit
• Revenue Deficit
• Primary Deficit

Planning in India

• Five Year Plans
• NITI Aayog
• Planning Commission

Poverty & Unemployment

• Types of Poverty
• Types of Unemployment

Agriculture

• Green Revolution
• MSP
• Cropping seasons

Industry

• Industrial Policy 1991
• LPG Reforms

Taxation

• Direct & Indirect Taxes
• GST

Foreign Trade

• Balance of Trade
• Balance of Payments
• IMF, World Bank, WTO

Public Finance

Economic Reforms (1991)

Demonetization

Economic Survey (Basic Concepts)