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Economics Notes For UPPCS: Get Important Topics For Economics Here!

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In the General Studies section of the UPPCS Main Exam, Indian Economics is part of GS Paper 3. Also, it is a part of Prelims GS Paper 1 of the UPPCS exam. Therefore, careful preparation is essential. During the preliminary, mains, and interview stages, candidates are asked about recent developments and growth in business, agriculture, trade, and transportation. 

Economics is also an optional subject in the UPPCS examination. Despite not being as well-liked as subjects like geography or public administration, economics has a high success rate. There have also been toppers with this optional subject.

If you are preparing for the UPPCS civil services exam Economics should unavoidably be covered in detail as in the UPPCS syllabus for both the prelims and mains it forms a crucial part. This article looks at the UPPCS Economics syllabus, along with the preparation strategy and important topics that should be read.

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Economics Notes For UPPCS: Important Topics to Cover

Exceptional students, teachers, and UPPCS coaching experts have come together to prepare the Economics Notes for UPPCS to ensure that exam-relevant material is given to students so that candidates for the UPPCS should utilize these notes on Economics and revise them repeatedly to make their preparation easy and effective. Some of the important topics which should be studied thoroughly for the UPPCS exam are given below:

Non-Banking Financial Companies (NBFCs)

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Fiscal Consolidation – Economics Notes

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15th Finance Commission

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Agriculture in India

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RBI

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GDR

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Non-Performing Assets (NPA) 

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Bank Board Bureau

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Wholesale Price Index

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Poverty alleviation 

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ED

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New Economic Policy 1991

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High Yield Crops

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GVA

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Cpital adequacy ratio

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CPI

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Companies act

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Minimum Support Price in India

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Insolvency And Bankruptcy Code(IBC) 

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CBDT

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Exclusive Economic Zone (EEZ)

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National payment corporation

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FDI

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Investment Models

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Khadi and Village Industries Commission (KVIC)

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Difference between NSE and BSE

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'Global Environment Facility'

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Index of Industrial Production (IIP)

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Open Market Operations (OMO)

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FATF

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National Investment & Manufacturing Zones (NIMZ)

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Revenue Receipts

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Industrial Sickness

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Monetary Policy Committee (MPC)

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The Financial Sector Development Council (FSDC) 

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Development Finance Institutions

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Fiscal Policy in India

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South Asian Free Trade Area

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List of Navratna Companies in India

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List of Miniratna Companies in India

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Black Money

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Difference Between Globalization and Liberalization

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Inflation Study Notes: Meaning, Types, Causes & Control

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Tobin Tax

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SIDBI(Small Industries Development Bank of India)

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General Anti-Avoidance Rule (GAAR) 

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Small scale cottage industries

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Manufacturing Purchasing Managers' Index (PMI)

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Commission for Agriculture Costs and Prices (CACP)

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Minimum Alternate Tax

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Angel tax 

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NABARD 

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Two Years Of GST

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Interim budget 

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Demonetisation

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Monetary Policy

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e-NAM

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Gini Coefficient

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FCRA

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National Investment and Infrastructure Fund (NIIF)

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Major Stock Exchanges

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Plan and Non-Plan Expenditure

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FRBM Review Committee [N.K.Singh Committee]

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Taxation in India

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Nirbhaya Fund

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Economic Reforms Of 1991

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SARFAESI Act

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Public Sector Undertakings

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Kuznets Curve

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Base Erosion and Profit Shifting (BEPS)

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What is Meant by Intellectual Property Rights?

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Producer Price Index (PPI) 

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Credit Rating Agencies in India 

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Consumer Protection Act, 2019

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Wholesale Banking - Definition, Advantages, Disadvantages

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Venture Capital (VC) - Overview on Popular Source of Funding for Entrepreneurs

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New Economic Policy of 1921

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Malegam Committee

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Demographics of India

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Basel III Norms

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Ease of Doing Business Report by World Bank

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Goods & Services Tax (GST) 

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Rashtriya Krishi Vikas Yojana (RKVY)

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FDI In Retail

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Strategy to Prepare Economics for the UPPCS Exam

  • You should thoroughly read the UPPCS Economics syllabus and Previous Year Papers so that you are aware of all the information your study materials should contain. 
  • Read through the Economics papers and Economics notes for UPPSC especially the previous five years to get a feel for the kinds of questions that will be asked in the exam.
  • Start with NCERT books of economics. After reading concepts from NCERTs, make sure you understand them and learn the application of these concepts. 
  • Also, most questions of Economics can then be answered with the help of the daily news update and understanding of the basics.
  • Test yourself instead of just reading. Check your learning using mock tests after finishing a topic of economics. Mock exams are one of the best ways to assess your knowledge of economics, so practice, practice, practice.
  • Read the exam-relevant material of Economics to ensure that your preparation is focused solely on passing the UPPCS exam rather than becoming an expert in a particular subject.
  • Set aside a specific time each day for a subject, and make sure to keep it. This will make sure that your cover the entire syllabus of Economics on time.
  • Organize your keywords and important points that you read in Economics into flashcards and relate them to a current issue in a practical way.
  • Read all the economics-related articles, and news systematically and try to understand what every article is trying to say.

Following table will provide you with the key areas given in the UPPCS syllabus, you need to cover for the UPPCS exam: 

Title 

Description

Features of Indian Economics

Division of economic activities, poverty, unemployment, HDR, measures to eradicate poverty

Basic Economic Indicators

National income, price index, production, population, foreign trade

Population 

Growth, census, consumption pattern (energy)

National income

Concepts, methods of calculation

Agriculture 

Crops, seasons, agricultural credit agencies, Kisan Credit agencies, land reforms, insurance, green, white, blue, yellow revolutions, irrigation

Industry

Industrial policies (1948, 1956, 1991), small-scale industries, key industries, industrial sickness, the different committees, disinvestment, PSU policy, industrial finance

Money and banking

Money market, credit control (different rates), commercial banks, cooperative banks, NBFCs, committees, SEBI, stock market developments, the insurance industry, new banking sector reforms, money supply measures, inflation, deflation

Foreign trade

Composition, direction, EXIM policy, WTO, the balance of payments, measures to improve foreign trade

Planning commission

Five year plans

Public finance

Finance commission, taxation, deficit financing, public spending and debt

Why is the Economics an Important Subject for the UPPCS Exam?

  • The Economics of any nation is the cornerstone of its expansion and development. It is essential to have a thorough understanding of how Indian Economics functions if you want to become a bureaucrat. 
  • Economics-related questions are frequently asked in the UPPCS, and they are very important for the Preliminary, Main, and Interview exams.
  • In the General Studies Paper for the Prelims, Indian Economics is also covered, with a focus on budget allocation and recently launched programs.
  • The most diverse and dynamic subject is economics because it is so heavily influenced by current events. This necessitates regularly updating yourself on current events. 

Weightage of Economics in Prelims Exam

YEAR

Questions in Prelims 

2016

18

2017

16

2018

18

2019

14

2020

15

2021

10

Recommended Books for Economics

You can cover the Economics section for the UPPCS exam from the following books and other sources:

  • NCERTs (Class X, XI, and XII)
  • Indian Economics – Sanjeev Verma
  • Indian Economics by Ramesh Singh.
  • Indian Economics: Performance and Policies by Uma Kapila.
  • Indian Economics Key Concepts by Shankar Ganesh Karuppiah
  • NIOS Notes and IGNOU notes
  • Ministry websites
  • Economic Survey
  • Budgets
  • Administrative Reforms Commissions (ARC) Reports
  • PIB
  • Newspapers

To improve your preparation, look at the UPPCS Books List for the Prelims & Mains exam!

For the UPPCS Examination, Testbook offers a set of thorough notes. Because of its high-quality products, such as live tests, mock tests, content pages, general knowledge videos, current affairs videos, and more, Testbook consistently ranks at the top of the list. Download the Testbook App right away to start studying more subjects for the UPPCS!

Latest UPPCS Updates

-> UPPCS Mains Admit Card 2024 has been released on 19 May

-> UPPCS Mains Exam 2024 Dates have been announced on 26 May.

-> The UPPCS Prelims Exam is scheduled to be conducted on 12 October 2025.

-> Prepare for the exam with UPPCS Previous Year Papers. Also, attempt UPPCS Mock Tests.

-> Stay updated with daily current affairs for UPSC.

-> The UPPSC PCS 2025 Notification was released for 200 vacancies. Online application process was started on 20 February 2025 for UPPSC PCS 2025.

->  The candidates selected under the UPPSC recruitment can expect a Salary range between Rs. 9300 to Rs. 39100.

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