
Goal for Today
Revise core Economy topics (GDP, Inflation, Banking, Budget, Economic Survey).
Solve 25 MCQs to reinforce learning.
Focus on conceptual clarity + current affairs.
Study Plan for Day 23
6-Hour Study Schedule
Time Slot | Topic | Tasks |
---|---|---|
6:00 AM – 7:30 AM | GDP & Growth | |
7:30 AM – 8:00 AM | Break | |
8:00 AM – 9:30 AM | Inflation & Banking | |
9:30 AM – 10:00 AM | Break | |
10:00 AM – 11:30 AM | Budget & Economic Survey | |
11:30 AM – 12:00 PM | Break | |
12:00 PM – 1:00 PM | MCQ Practice (25 Questions) |
Key Takeaways from Today’s Study
GDP & Growth
GDP Calculation Methods: Production, Expenditure, Income Approach
Real vs. Nominal GDP – Inflation-adjusted values
Base Year for GDP Calculation – 2011-12
HDI, GINI Coefficient – Growth vs. Development
Inflation & RBI Policies
Types of Inflation: Demand-Pull, Cost-Push, Stagflation
Monetary Policy Tools: Repo Rate, Reverse Repo, CRR, SLR, OMO
CPI vs. WPI – What RBI follows for inflation targeting?
Banking & Financial Sector
Commercial Banks vs. NBFCs
UPI, Digital Banking, Financial Inclusion (PM Jan Dhan Yojana, MUDRA, BHIM)
Budget 2024 & Economic Survey
Fiscal Deficit Target & Key Allocations
Key Schemes: PM Awas Yojana, Atmanirbhar Bharat, PLI Schemes
MCQs – Self-Check (Sample Questions)
Which of the following is NOT included in GDP calculation?
a) Farmer’s production
b) Stock market transactions
c) Government spending
d) Private consumption
If RBI increases Repo Rate, what is the likely impact?
a) Loans become cheaper
b) Inflation decreases
c) More money supply
d) No impact on economy
Which index is used by the RBI for inflation targeting?
a) WPI
b) CPI-Combined
c) Core Inflation
d) GDP Deflator
What does ‘Fiscal Deficit’ mean?
a) Government spending > Revenue
b) Government revenue > Spending
c) Total public debt
d) External borrowing
Which of the following is a Direct Tax?
a) GST
b) Corporate Tax
c) Customs Duty
d) Excise Duty
Try solving these before checking answers!
Summary & Next Steps
Concepts Covered: GDP, Inflation, Banking, Budget, Economic Survey
Tasks Completed: Notes, 25 MCQs, Current Affairs Review
Next Day: Day 24 – Mock Test on Environment, Science & Economy
Disclaimer
This study plan is designed for UPSC Prelims aspirants following a 100-day preparation strategy with 6 hours of daily study. It is based on standard sources like NCERTs, Economic Survey, Budget, and UPSC PYQs. Adapt as per your strengths and weaknesses.
Stay Consistent & Believe in Yourself!
Useful Links
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