Is class 12th economics relevant for RBI Grade B?

Main Exam Pattern

SECTION

TYPE

DURATION

MARKS

Social Issues & Economics

Objective online

90 minutes

100

English

Descriptive Online (to be typed)

90 minutes

100

Finance & Management

Objective Online

90 minutes

100

The 'Indian Economy' section of the exam covers multiple topics from both microeconomics and macroeconomics. Since this section is highly factual, it often becomes difficult for students to keep so many things in mind. Moreover, the topic of discussion keeps changing from time to time as per the changing economy.

Syllabus

This paper can be divided into two parts: -Static and Dynamic. The static part consists of basic conceptual questions like Bank Rates, FEMA, NPAs, fiscal deficit, revenue deficit, budget, inflation, etc. The dynamic part consists of the questions based on current affairs.

One does not need to gain an in-depth knowledge of all the topics; rather you should have a basic understanding.

Preparation Strategy

The preparation will depend on your background. If you are a candidate who has an academic background in finance/economics or you are a civil services aspirant, this part won’t be much of a problem for you. Just go through your old notes or economics books which you have already studied a couple of times and that will do.

If you are in candidate who is new to economics, you should start by reading economics NCERT textbooks of Class 10, 11, 12 to get an idea of basic concepts of macroeconomics Candidates who had Economics in their graduation can refer to their textbooks to revise their fundamentals. Others who are new to Economics as a subject, can start their preparations by referring to NCERT textbooks of Classes 10, 11 and 12

Topic covered

NCERT Class-10- Sectors of economy, concept of money and development

NCERT Class-11 (understanding economic development)- Socialism, Communism, Capitalism, LPG (liberalisation, globalisation, privatisation), Green Revolution etc

NCERT: Class-11 (Indian economic development)- microeconomic concepts of supply and demand, elasticity etc

NCERT: Class-12 (Macroeconomics)- Macro Economy : money and banking, role of RBI etc.

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