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πŸ“Œ Goal for Today

βœ” Revise core Economy topics (GDP, Inflation, Banking, Budget, Economic Survey).
βœ” Solve 25 MCQs to reinforce learning.
βœ” Focus on conceptual clarity + current affairs.


πŸ“– Study Plan for Day 23

πŸ•˜ 6-Hour Study Schedule

Time SlotTopicTasks
6:00 AM – 7:30 AMGDP & Growthβœ” Read GDP, GNP, NNP, NDP, Growth vs. Development (NCERT + Economic Survey)
βœ” Learn about GDP Calculation Methods (Real, Nominal, PPP)
βœ” Note down key economic indicators from Budget 2024-25
7:30 AM – 8:00 AMBreakβœ” Short walk or meditation
8:00 AM – 9:30 AMInflation & Bankingβœ” Study Types of Inflation (Demand-Pull, Cost-Push, Core Inflation)
βœ” Understand RBI’s Inflation Targeting & Monetary Policy Tools (CRR, SLR, Repo Rate, Reverse Repo, OMO)
βœ” Read about Banking Structure (RBI, NBFCs, Commercial Banks, Digital Payments, UPI)
9:30 AM – 10:00 AMBreakβœ” Have a light meal & relax
10:00 AM – 11:30 AMBudget & Economic Surveyβœ” Read Key Highlights of Budget 2024-25 (Focus on allocations & fiscal deficit)
βœ” Study Economic Survey (Growth Sectors, MSMEs, Infrastructure, Exports)
βœ” Make summary notes on major schemes
11:30 AM – 12:00 PMBreakβœ” Refresh yourself before MCQs
12:00 PM – 1:00 PMMCQ Practice (25 Questions)βœ” Solve 25 Economy MCQs (UPSC Level)
βœ” Analyze mistakes & revise weak areas

πŸ“Œ Key Takeaways from Today’s Study

1️⃣ GDP & Growth

πŸ”Ή GDP Calculation Methods: Production, Expenditure, Income Approach
πŸ”Ή Real vs. Nominal GDP – Inflation-adjusted values
πŸ”Ή Base Year for GDP Calculation – 2011-12
πŸ”Ή HDI, GINI Coefficient – Growth vs. Development

2️⃣ Inflation & RBI Policies

πŸ”Ή Types of Inflation: Demand-Pull, Cost-Push, Stagflation
πŸ”Ή Monetary Policy Tools: Repo Rate, Reverse Repo, CRR, SLR, OMO
πŸ”Ή CPI vs. WPI – What RBI follows for inflation targeting?

3️⃣ Banking & Financial Sector

πŸ”Ή Commercial Banks vs. NBFCs
πŸ”Ή UPI, Digital Banking, Financial Inclusion (PM Jan Dhan Yojana, MUDRA, BHIM)

4️⃣ Budget 2024 & Economic Survey

πŸ”Ή Fiscal Deficit Target & Key Allocations
πŸ”Ή Key Schemes: PM Awas Yojana, Atmanirbhar Bharat, PLI Schemes


πŸ“Š MCQs – Self-Check (Sample Questions)

1️⃣ Which of the following is NOT included in GDP calculation?
a) Farmer’s production
b) Stock market transactions
c) Government spending
d) Private consumption

2️⃣ 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

3️⃣ Which index is used by the RBI for inflation targeting?
a) WPI
b) CPI-Combined
c) Core Inflation
d) GDP Deflator

4️⃣ What does β€˜Fiscal Deficit’ mean?
a) Government spending > Revenue
b) Government revenue > Spending
c) Total public debt
d) External borrowing

5️⃣ Which of the following is a Direct Tax?
a) GST
b) Corporate Tax
c) Customs Duty
d) Excise Duty

πŸ‘‰ Try solving these before checking answers!


🎯 Summary & Next Steps

βœ” Concepts Covered: GDP, Inflation, Banking, Budget, Economic Survey
βœ” Tasks Completed: Notes, 25 MCQs, Current Affairs Review
βœ” 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.

πŸ“’ Stay Consistent & Believe in Yourself! πŸš€


πŸ”— Useful Links

πŸ‘‰ πŸ“… Previous Day’s Plan (Day 22 – Science & Tech Revision): Click Here
πŸ‘‰ πŸ“˜ Complete 100-Day UPSC Preparation Plan: Click Here
πŸ‘‰ πŸŽ₯ Subscribe to My YouTube Channel – BNC Academy: Click Here

πŸ”₯ Keep Going! UPSC Success is One Step Closer! πŸš€

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