Economic Policies:

• Monetary Policy: Role of the Reserve Bank of India (RBI), tools used, and their impact on inflation and economic growth.
• Fiscal Policy: Government’s budgetary policies, taxation, public expenditure, and their influence on the economy.
• Trade Policy: International trade agreements, tariffs, and trade barriers.
• Industrial Policy: Government strategies to promote industrial growth and development.

Economic Growth:

• Indicators of Economic Growth: GDP, GNP, and other measures of economic performance.
• Drivers of Growth: Investment, innovation, human capital, and technology.
• Challenges to Growth: Structural issues, inequality, and regional disparities.

Economic Development:

• Concepts of Development: Human Development Index (HDI), poverty alleviation, and sustainable development.
• Sectoral Development: Agriculture, industry, and services, and their role in overall development.
• Policy Measures for Development: Government programs and schemes aimed at improving living standards and reducing poverty.

Key Concepts of Economics:

• Basic Economic Concepts: Supply and demand, market equilibrium, elasticity, and efficiency.
• Macro-Economic Concepts: Inflation, unemployment, and balance of payments.
• Micro-Economic Concepts: Market structures, consumer behavior, and production and costs.