67th BPSC Economics Preparation: Check Bihar PSC Economics Strategy and Study Material [Free PDF]

By Avinash Kumar|Updated : November 18th, 2021

67th BPSC Economics Preparation Tips and Strategy: If one is preparing for the 67th BPSC exam then economics is an unavoidable part of the preparation both in prelims as well as in the mains. Also, topics from economics and related current developments are asked frequently in the personality test. Given the importance, the subject has in various stages of the 67th BPSC/CDPO exam, it is imminent to give extra importance to this subject. In this article, we will discuss the best way to approach Economics for 67th BPSC/CDPO Examination. 

Table of Content

In all stages of the 67th BPSC/CDPO Exam, economics constitutes a fundamental part of the preparation of a BPSC examination. In the preliminary examination, the number of questions asked in this regard is considerably high, and clearing prelims is difficult without a proper understanding of this subject.

You can also download well-curated BPSC economics notes from the direct link mentioned below. 

BPSC Economics Syllabus 2021

Economics is a part of both the BPSC prelims and the BPSC Mains exam. You must check the BPSC economics syllabus for both Prelims & mains. You can also download the latest BPSC Syllabus for your reference. 

BPSC Economics Syllabus for Prelims:

The BPSC Eco syllabus includes both microeconomics and macroeconomics. Other topics under the BPSC Economy syllabus include Banking and Finance, International Economics and more. 

BPSC Economics syllabus in Hindi:

बीपीएससी इको पाठ्यक्रम में सूक्ष्मअर्थशास्त्र और मैक्रोइकॉनॉमिक्स दोनों शामिल हैं। बीपीएससी अर्थव्यवस्था पाठ्यक्रम के तहत अन्य विषयों में बैंकिंग और वित्त, अंतर्राष्ट्रीय अर्थशास्त्र और बहुत कुछ शामिल हैं।

BPSC Economics Questions

Number of questions Asked every year from Indian Economy:

ExamNumber of QuestionsDifficulty Level
 66th BPSC 13 Easy to Moderate
 65th BPSC 11 Medium

Download BPSC Question Papers to solve Economics questions from the previous year:

Question: The Government of India announced generating assets to extremely a new scheme 'NIRVIK' in the Budget poor households for 2020-21. Which of the following sectors of the economy will take the benefit from this scheme?
A. Agriculture sector
B. Industrial sector
C. Health sector
D. Export sector
E. None of the above/More than one
Question: Bihar Government has introduced the Comprehensive Financial Management System (CFMS) on 1st April, 2019. This system
A. will make all financial activities in the State online and paperless
B. will solve the problem of NPA of Banks
C. will ensure effective implementation of state projects
D. will manage State Government finances including local bodies
E. None of the above/More than one
Question: The per capita Net State Domestic Product at constant prices for Bihar is less than the country. In the year of the above 2018-19, it was
A. 75 per cent of the national average
B. 60 per cent of the national average
C. 50 per cent of the national average
D. 33 per cent of the national average
E.None of the above/More than one
Question: Bihar Government launched a new scheme Satat Jivikoparian Yojana' in August 2018. The objective of this scheme is
A. to provide unemployment allowance to youth
B. to provide employment in rural areas through local bodies
C. to provide sustainable income-generating assets to extremely poor households
D. to provide free training for skill up-gradation of youth
E. None of the above/More than one
Question: Revenue deficit in India implies that
A. the Indian Government needs to borrow in order to finance its expenses which will create capital assets
B. the Indian Government needs to borrow in order to finance its expenses which do not create capital assets
C. the Indian Government needs to borrow from the RBI against Government Securities
D. the Indian Government needs to borrow from International Financial Institutions.
E. None of the above/More than one

BPSC Economics Preparation Strategy

The study of economics is essential to strategize, the best way to organise the preparation is to divide the economics study into two steps:

  • Conceptual understanding of the topics such as GDP, repo rate, reverse repo rates, CRR SLR, inflation, deflation, growth, development, inclusive growth, financial integration and human development can be covered by reading the NCERTs. It is also important to be familiar with this concept because of late BPSC papers that have asked questions about it.
  • The aspirant is required in studying magazines, etc. Conceptual understanding. For example, when the news media discusses how RBI reduces its repository rate, an aspirant needs to brainstorm its economic impact. That would lead to higher lending and investment.
  • Read many times the BPSC 2021 Economics Program to know accurately what your materials need to learn.

Check BPSC Mock Test for the Prelims Exam

  • Test yourself, don't just read. Following the reading, see if you can answer all questions at the end of the chapter. Check your learning results.
  • Make sure you only prepare to break the BPSC examination to not master a subject. Therefore, read the relevant articles.
  • Determine a certain time each day and ensure that you adhere to it.
  • Prepare keywords/points on flashcards and relate them pragmatically to a current problem.
  • Review the documents of at least 5 years in the preceding year to help you familiarise yourself with the type of question asked.

Some other Preparation Tips:

  • After gaining concept clarity in economics, an aspirant must keep himself up to date by reading newspapers and magazines on a regular basis.
  • It is advised to synchronise and go hand in hand with the preparation of prelims and hands.
  • Practice tests to avoid stupid mistakes are very important.
  • The annual budget and the economic survey are important because direct questions have been asked from these documents.

Hard work can't be substituted. Only rigorous practice can master concepts and topics.

Best Books for BPSC Economics

Some of the best sources for economics for BPSC is mentioned below.

  • NCERT Class 10 understanding economic development
  • NCERT Class 11 Indian economic development
  • NCERT Class 12 macroeconomics
  • Annual Economic survey
  • Annual financial budget
  • One any one standard newspaper
  • India yearbook
  • Sanjiv Verma Indian economy
  • Arthapedia for any definitional concept

 Check the best books for BPSC exam preparation

Complete Indian EconomyNotes, Download Free PDFs 

Download BPSC economics notes to ensure that all the important topics of the syllabus are covered in a comprehensive manner. 

S. No.

Topics

Link

1

Five Year Plans: History of Economic Planning in India

Click Here

2

National Income (GDP, GNP, NNP, Personal Income, etc.)

Click Here

3

Various Price Indices in India (CPI, WPI, CPI-AL, CPI-RL, etc.)

Click Here

4

RBI and Monetary Policy

Click Here

5

Different type of Unemployment

Click Here

6

Inflation (Types and Effects)

Click Here

7

Poverty in India

Click Here

8

History of Banking in India

Click Here

9

Money Market- Banking System in India 

Click Here

10

Capital Market

Click Here

11

Balance of Payment- Current Account Deficit

Click Here

12

Introduction of Union Budget

Click Here

13

Microeconomics Notes: Economic Theory 

Click Here

14

World Trade Organisation: Structure, Objectives, Agreements, Subsidies

Click Here

15

NITI Aayog and the Important Reports

Click Here

16

Role of International Labour Organization (ILO) in Social Security

Click Here

17

Pradhan Mantri Garib Kalyan Yojana

Click Here

18

MGNREGA; the Contribution in Strengthening the Rural Economy

Click Here

Check Here: BPSC Exam Syllabus

Check Here: BPSC Exam Pattern

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Related Important Links for Preparation

67th BPSC Exam Notification 2021

BPSC Exam Pattern 2021 for Prelims & Mains in Hindi/English

BPSC Syllabus 2021

BPSC Question Papers

BPSC Preparation Tips

67th BPSC Book List and Strategy for Exam Preparation

BPSC Study Material 2021

 

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Avinash KumarAvinash KumarMember since Feb 2017
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Comments

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Kumar Kaushal
Avinash  sir tge link of topic provided is not working. Once I touch it suddenly disappear. I have written several time but no further action has been taken
...Read More
Aniket Choudhary
Pleze bring sir important 100 question for all subjerct
Jyoti Singh
Hindi me bhi pdf daliye sir
Rabindra Kumar
Sir Link is not working... Plzz open link so that it would be Beneficial

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