Paper I

Economy

Economy

Economy, Subject Index

Navigation hub for the CAPF Paper I economy module, economic development in India

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Economy

Agriculture and the Rural Economy

Agriculture's GDP and employment share, the Green Revolution (Swaminathan, Borlaug, HYV seeds) and the colour revolutions, cropping seasons (kharif, rabi, zaid) and major crops, the MSP mechanism and the CACP, the FCI and buffer stocks, the PDS and the National Food Security Act 2013, rural-credit institutions (NABARD, PACS, RRBs, KCC) and priority-sector lending, and the food-security-as-national-security angle for CAPF Paper I

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Economy

Banking and Financial Sector Reforms

The 1991 reforms, the Narasimham Committee I (1991) and II (1998), prudential norms and Basel CRAR, the twin balance-sheet problem and NPAs, the Insolvency and Bankruptcy Code 2016, bank recapitalisation and mergers, financial inclusion (Jan Dhan, PSL, RRBs, payments and small finance banks), DICGC cover, and the security angle on AML and counter-terror-financing for CAPF Paper I

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Economy

Capital Markets and SEBI

Primary versus secondary markets, IPO and FPO, the BSE (1875) and NSE, Sensex and Nifty, equity, bonds and debentures, mutual funds and the demat-depository system (NSDL, CDSL), SEBI (statutory 1992) and its functions, FII and FPI flows, derivatives, and the security and investor-protection angle for CAPF Paper I

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Economy

External Sector, Trade and Balance of Payments

The Balance of Payments and its current and capital accounts, trade deficit versus current account deficit, FDI versus FII/FPI, the managed-float exchange-rate regime (depreciation, appreciation, devaluation, convertibility), forex reserves and their components managed by the RBI, trade institutions (DGFT, WTO, FTAs), the 1991 BOP crisis, and the strategic dimension for CAPF Paper I

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Economy

Industry, Infrastructure and Energy

Industrial policy milestones (IPR 1956, Licence Raj, New Industrial Policy 1991), PSU autonomy tiers and disinvestment, the MSME definition (2020 composite), headline manufacturing programmes (Make in India, PLI, Atmanirbhar Bharat), the energy mix and net-zero target, the IIP and the Eight Core Industries, the infrastructure schemes (Bharatmala, Sagarmala, UDAN, PM Gati Shakti), and the defence-manufacturing angle for CAPF Paper I

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Economy

Inflation and Prices

Inflation defined, CPI and WPI (who compiles each, base years, composition), types by intensity and cause (demand-pull, cost-push, imported), headline versus core, related terms (deflation, disinflation, stagflation, reflation, skewflation), who gains and loses, monetary and fiscal and supply-side control measures, and the RBI inflation target for CAPF Paper I

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Economy

International Economic Institutions

The Bretton Woods system, IMF and World Bank Group (IBRD, IDA, IFC, MIGA, ICSID), the WTO and GATT, regional and new banks (ADB, AIIB, NDB), the WEF, OECD, FATF and BIS, and the groupings (G20, G7, BRICS, SCO), with headquarters, founding years and functions plus the security and sovereignty angle for CAPF Paper I

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Economy

Key Economic Indicators and Reports

GDP and growth series and base year, CPI and WPI inflation, IIP, fiscal and current-account deficits, forex reserves and external debt, the HDI, MPI and Gini, the data bodies (MoSPI, NSO, CSO, RBI, NSSO, PLFS), and the flagship reports (Union Budget, Economic Survey, RBI bulletins, World Economic Outlook, Human Development Report) for CAPF Paper I

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Economy

Major Economic and Welfare Schemes

Flagship welfare, financial-inclusion, income-support, basic-needs and skilling schemes as date-and-ministry reference tables, the JAM trinity and Direct Benefit Transfer, the Mudra loan categories, and the welfare-as-internal-security angle for CAPF Paper I

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Economy

Money, Banking and the RBI

Functions of money, money supply M0 to M4, the RBI (1935, RBI Act 1934), its functions, the Monetary Policy Committee and flexible inflation targeting, the policy rates (repo, reverse repo, MSF, bank rate, CRR, SLR), open market operations, the types of banks, bank nationalisation, NABARD, DICGC deposit insurance, and UPI for CAPF Paper I

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Economy

National Income and Growth, the Basics

National income aggregates (GDP, GNP, NDP, NNP), factor cost versus market price, nominal versus real, the GDP deflator, the three sectors and their structural shift, the 2011-12 base year, who computes what (NSO under MoSPI), the three measurement methods, and how growth is read for CAPF Paper I

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Economy

Planning and NITI Aayog

Centralised planning after Independence, the Planning Commission (1950, executive resolution), the Five-Year Plans and their models and slogans, the National Development Council, the 1991 LPG reforms, the move to NITI Aayog on 1 January 2015, its structure and bodies (Governing Council, CEO), its flagship indices and the Aspirational Districts Programme, and the security angle for CAPF Paper I

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Economy

Poverty, Unemployment and Inclusive Growth

Poverty defined and measured (calorie norm, poverty line, Lakdawala/Tendulkar/Rangarajan committees), the types of unemployment (disguised, structural, cyclical, frictional, seasonal, open, educated), the PLFS and its terms (LFPR, WPR, UR), human-development indicators (HDI, global and national MPI, Gini), inclusive-growth schemes, and the internal-security link for CAPF Paper I

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Economy

Taxation and GST

Direct versus indirect taxes, the boards (CBDT and CBIC), key tax terms (progressive, regressive, proportional, buoyancy, evasion versus avoidance, cess and surcharge), the GST architecture (101st Amendment, 1 July 2017, dual GST, CGST/SGST/IGST/UTGST, slabs, input tax credit), the GST Council under Article 279A and its voting, what is outside GST, and the security angle for CAPF Paper I

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Economy

The Union Budget and Fiscal Policy

Union Budget under Article 112, revenue and capital accounts, the full deficit family (revenue, fiscal, primary, effective revenue, budget), the FRBM Act 2003 and the N. K. Singh debt anchor, the three government funds (Articles 266 and 267), Money Bills (Article 110), Budget passage in Parliament, fiscal-policy stances, and the defence-budget link for CAPF Paper I

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