Go Back   2023 2024 MBA > MBA > Main Forum

  #1  
Old 7th July 2015, 10:19 AM
Unregistered
Guest
 
Default SSC CGL Economics Notes

I am going to appear in Staff selection commission combined graduate level (SSC CGL Exam). I have books for all the subjects but I didn’t purchase book for Economics because it is an easy subject. Would you please provide me SSC CGL Economics Notes so I will clear my concepts only? I have idea about its Paper pattern.
Reply With Quote Quick reply to this message
  #2  
Old 23rd March 2018, 05:28 PM
Unregistered
Guest
 
Default Re: SSC CGL Economics Notes

I want the notes of Economics of Staff Selection Commission holds Combined Graduate Level Exam (SSC CGL Exam) so can you provide me?
Reply With Quote Quick reply to this message
  #3  
Old 23rd March 2018, 05:28 PM
Super Moderator
 
Join Date: Jul 2012
Default Re: SSC CGL Economics Notes

I am providing you the notes of Economics of Staff Selection Commission holds Combined Graduate Level Exam (SSC CGL Exam)

SSC CGL Economics notes

Economics is a very Important part of General Awareness section of SSC & Railway Exams and around 6 8 questions are asked from this topic in mostly every competitive exam. So, here is a list of some Economics Terms which are very useful for Upcoming Exams.

Balanced budget: A budget is said to be a balanced budget when current income is same as current expenditure.

Balance of Trade: Refers to the relationship between the values of country's imports and its export, i.e., the visible balance. These items only form part of the balance of payments which are (a) invisible items and (b) movements of capital.

Budget Deficit: When the expenditure of the Govt. exceeds the revenue, the balance between the two is the budget deficit.

Call Money: Is a loan that is made for a very short period of a few days only or for a week. It sanctions with a low rate of interest. In case of stock exchange, the duration length of the call money may be for a fortnight.

Cash Reserve Ratio: Refers to the ratio which banks have to maintain with the RBI as certain percentage between their holdings of cash and their time liabilities.

Deflation: Decline in the general price level of goods and services leading to rise in the value (purchasing power). A method of statistical conversion of a series of data to compensate for the general rise in prices.

Devaluation: Official reduction in the foreign value of domestic currency. It is done to encourage the country's export and discourage imports.

Direct Tax: Tax that cannot be shifted. The burden of direct tax is borne by the person on whom it is initially fixed. Examples: Personal income tax, Social Security tax paid by employees.

Elasticity: The degree of responsiveness of quantity demanded or supplied to a change in price.

Excise Tax: Tax imposed on the manufacture, sale or the consumption of different commodities, such as taxes on textiles, fabric, cloth, liquor etc.

Fiscal policy: Government's expenditure and tax policy, an important means of moderating the upswings and downswings of the business cycle.

Foreign Exchange: Claims on a countries by another, held in the form of currency of that country. Foreign 'exchange system enables one currency to be exchanged for another thus facilitation trade between countries.

Foreign Exchange Rate: Prices of the domestic currency in terms of foreign currencies.

Indirect taxes: Taxes levied on goods purchased by the consumer (and exported by the producer) for which the tax payer's liabilities varies in proportion to the quantity of particular goods purchased or sold.

Inflation: A sustained and appreciable increase in the price level over a considerable period of time.

Laissez faire: The principle of non-intervention of government in economic affairs.

National Income (at factor cost): Total of all incomes earned or imputed to factors of manufacturing, used in economic literature to represent the output or income of an economy in a simple fashion.

Per Capita Income: Total GNP of a country divided by the total populace. Per capita income is often used as an economic indicator of the levels of living and development. If however, can be a biased index because it takes no account of income distribution.

Statutory Liquidity Ratio: The SLR is the ratio of cash in hands, exclusive of cash balance maintained by ranks to meet required CRR, but no excess reserves.

Tariff (ad valorem): A fixed percentage tax on the value of an imported product, tax levied at the point of entry into the importing country .

Tobin tax: Named after James Tobin, the Nobel prize winner for economics in 1981, a global tax on capital transfers, which could raise possibly $250 billion from financial markets worldwide. And this huge sum could be used to support the developing economies of the third world. The revenue from the Tobin tax can also be used to write off the third world countries debts.

Value Added Tax (VAT): This form of tax has been in operation in some countries. If brings a value added tax, a tax levied on the values that is added to goods and services turned out by the producers during stages of production and distribution.

Zero Based Budgeting: The practice of justifying the utility in cost benefit terms of each government expenditure on projects. The ZBB technique, involves a serious review of every scheme before a budgetary provision is made in its favour. This form of financial planning is with an objective to ensure that every rupee spent is result oriented. If ZBB is properly implemented it could help to reverse the trend of large deficits on the revenue account of the Union Government.

List of Important topics in economics

Around 5-8 questions are asked from below sections which surely makes it important for you to study the topic well for upcoming SSC Exams. Here are following topics which you should not ignore to cover Economic.

Five Year Plans
Indian Tax Structure
Economic Terms

Five Year Plans:

When India became an independent country, many questions had arisen in front of the countrys leaders at that time. The British had left the Indian economy handicapped; leaders had the challenges to make countrys economy strong. A formal model of planning was adopted. The Planning commission was established on 15th March 1950, with Former Prime Minister Jawaharlal Nehru as the Chairman. The Planning Commission is directly reporting to the Prime Minister of India. Now, it is known as NITI Aayog (National Institute for Transforming India Aayog) and established by Prime Minister Narendra Modi on 1st January 2015. The First Five-Year Plan of India was presented by Pandit Jawaharlal Nehru in 1951.

First Plan (1951-56)
Second Plan (1956-61)
Third Plan (1961-66)
Fourth Plan (1969-74)
Fifth Plan (1974-79)
Sixth Plan (1980-85)
Seventh Plan (1985-90)
Eight Plan (1992-97)
Ninth Plan (1997-2002)
Tenth Plan (2002-2007)

Indian Tax Structure

This topic is very important part of Economic notes. At least 1 question can be asked from this topic. In order to make it easy, from below link you can get required information related to this topic.

Economic Terms
Reply With Quote Quick reply to this message
Reply

Similar Threads
Thread Thread Starter Forum Replies Last Post
MBA Managerial Economics Notes Free Download mamta Online MBA Discussions 2 10th April 2018 03:31 PM
Managerial Economics Notes For MBA Students Free Download mamta Online MBA Discussions 2 5th April 2018 08:47 PM
Managerial Economics Notes For MBA Download mamta Online MBA Discussions 2 4th April 2018 11:36 PM
Managerial Economics MBA Notes free download kavita Online MBA Discussions 2 4th April 2018 11:29 PM
Business Economics MBA Notes pdf payal Online MBA Discussions 2 2nd April 2018 03:58 PM
Economics GRE Unregistered Main Forum 2 12th March 2018 10:04 AM
MBA Economics Unregistered Main Forum 1 24th July 2017 04:54 PM
Economics Notes for Fybcom Mumbai University Unregistered Main Forum 1 5th November 2016 11:13 AM
Economics for UPSC Unregistered Main Forum 1 1st November 2016 04:22 PM
MBA Distance Learning Notes MBA Notes on Leadership Unregistered Online MBA Discussions 1 23rd November 2015 09:57 AM
SSC CGL Economics Unregistered Main Forum 0 18th July 2015 03:03 PM
Sikkim Manipal university managerial economics notes Unregistered Main Forum 0 13th July 2015 04:30 PM
M.Sc Economics MMU Unregistered Main Forum 0 9th July 2015 03:03 PM
DBMS Notes MBA PDF MBA Notes Derivatives rajnish barusa Main Forum 1 12th March 2013 12:46 PM
MBA Business Economics Lecture Notes dsgfg Main Forum 1 13th December 2012 05:39 PM
MBA or MS Economics Unregistered Main Forum 1 11th December 2012 12:26 PM
MBA PHD in Economics puneet sharmat Main Forum 1 3rd November 2012 07:54 PM
Organizational change MBA notes MBA class notes mamta tariyal.r Main Forum 1 30th October 2012 08:21 PM
Mergers and Acquisitions notes MBA MG university MBA notes scdanej.1 Main Forum 1 16th October 2012 05:20 PM
Financial derivatives notes MBA notes PDF result B.Ed KUK sandeep yadav.e Main Forum 1 30th September 2012 03:05 PM


Quick Reply
Your Username: Click here to log in

Message:
Options

Thread Tools Search this Thread



All times are GMT +5.5. The time now is 10:23 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0 PL2

1 2