RAS(RTS) Exam Prelims Notes for Economic Concepts and Indian Economy

Economic Concepts and Indian Economy

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Basic Concepts of Economics

– Basic Knowledge of Budgeting, Banking, Public Finance, National Income, Growth and Development
– Accounting- Concept, Tools and Uses in Administration
– Stock Exchange and Share Market
– Fiscal and Monetary Policies
– Subsidies, Public Distribution System
– e-Commerce
– Inflation- Concept, Impact and Control Mechanism

Economic Development & Planning : –

– 5 Year Plans – Objectives, Strategies and Achievements.
– Major Sectors of Economy- Agriculture, Industry, Service and Trade- Current Status, Issues & initiatives.
– Major Economic Problems and Government Initiatives. Economic Reforms and Liberalization
Human Resource and Economic Development :-
– Human Development Index
– Poverty and Unemployment:- Concept, Types, Causes, Remedies and Current Flagship Schemes.
Social Justice and Empowerment:-
Provisions for Weaker Sections.

Economy of Rajasthan

– Macro overview of Economy.
– Major Agricultural, Industrial and Service Sector Issues.
– Growth, Development and Planning.
– Infrastructure & Resources.
– Major Development Projects.
– Programmes and Schemes- Government Welfare Schemes for SC/ST/Backward Class/Minorities/Disabled Persons, Destitute, Women, Children, Old Age People, Farmers & Labourers.

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