Last Days Revision Series:

Economy

STATIC -Basic Concepts CURRENT – BASIC CONCEPTS

Real GDP vs Nominal GDP Gross Domestic Knowledge Product

(GDKP)
Deflator
MoSPI
GDP at Factor Cost and Market Price
- Central Statistical Office
Measuring GDP (CSO)
Income Method - Computer centre
Expenditure Method : Y = C + I + G + - National Sample Survey
(X − M) Office (NSSO)
Components of India’s GDP

Gross National Product Programme Implementation Wing

Net Domestic Product National Statistical Commission

Per Capita Income Payroll Reporting in India

Purchasing Power Parity (PPP) National Indicator Framework

Changes made to GDP Calculations

Highest, Lowest State Domestic
Product

HUMAN DEVELOPMENT INDEX - HDI

Inequality adjusted HDI
Gini Coefficient
Sustainable development
Club of Rome

Brundtland Report

SDGs

Green GDP
STATIC - Banking Payment Banks

Role of RBI UPI

Liquidity

CRR Gold Schemes:

- Incremental CRR - Gold Monetisation Scheme

- Sovereign Gold Bond
NDTL Scheme
- The Gold Coin and Bullion
SLR
Scheme
Liquidity adjustment facility (LAF)
Repo
MUDRA
Reverse Repo
Marginal Standing Facility
NPAs
Open Market Operations
Ever-greening of Loans
Market Stabilisation Scheme
Twin Balance Sheet Problem
Base rate
Bank Rate
Regional Rural Banks
Various Types Of Money
Monetary Policy Committee
Marginal Cost of funds based Lending
rate (MCLR) FSLRC

Priority Sector Lending FCNR

Priority Sector Lending Certificates 4Rs

(PSLCs) 4Ds
What If Banks Fail To Achieve PSL
Targets
Demonetisation
Banking Sector Reforms – Indradhanush
plan
Indradhanush 2.0 –
Capital Adequacy
BASEL, D-SIBs

Financial Inclusion
Small Banks
CURRENT - BANKING Distributed Ledgers

Wholesale and Long-term Finance Petro (Cryptocurrency)

Banks (WLTF BANKS) FINANCIAL RESOLUTION AND DEPOSIT
Sukanya Samridhi Account INSURANCE (FRDI) BILL 2017

India Post Payments Bank Insolvency and Bankruptcy Code

Climate Change Finance Unit Information Utility

Banks’ Consolidation FCNR (Foreign Currency Non-

Repatriable)
Peer To Peer (P2P) Lending
CRILC & CFR
Changes to Pradhan Mantri JanDhan
Yojana (PMJDY) Board for Financial Supervision (BFS)

Jan Dhan Darshak

Asian Clearing Union (ACU) Recapitalisation of Export-Import Bank
of India

Quantitative Easing
EASE Framework
Negative Interest Rates

Electoral Bonds
Recapitalisation Bonds
Financial Inclusion Index
Implications

EMV vs Magnetic strip debit and credit

SWIFT
cards
CORE BANKING solution
Udyam Abhilasha
e-Kuber
SIDBI’s ‘Credit Plus’ approach
Letter of Undertaking
CriSidEx
FSDC
Bad Bank or PARA Cert-Fin
Banking Regulation (Amendment) Bill,
2017
Prompt Corrective Action (PCA)
Public Credit Registry
SARFAESI Act Amended

Crypto-Currencies
Bitcoin
STATIC - INFLATION

Deflation
Disinflation
Core Inflation
Stagflation
Phillips Curve
Inflationary Gap
Inflation Tax
WPI
CPI
PPI
Inflation Targeting
MPC
Financial Repression
Base Effect
STATIC – GOVT. FINANCE
Govt. Finance and Budget
Direct, Indirect Taxes
Deficits
Laffer Curve
GST
GST Council
Anti-dumping duty
Advance Pricing Agreement (APA)
National Pension System (NPS)
Government liabilities
FRBM
Public Account
Cash Management Bills
Ways And Mean Advances
Special Drawing Facility (SDF)
Types of Schemes - CENTRAL SECTOR
or CENTRALLY SPONSORED
Weights assigned to various variables
by 14th Finance Commission vis-à-vis
13th Finance Commission
Production taxes
Product taxes
CURRENT – GOVT. FINANCE
GSTN
GSTIN
e-way Bill
GST Composition Scheme
National Anti-Profiteering Authority
(NAA)
Consumer Welfare Fund
Reverse Charge under GST
Debt Management Strategy
Trends – Debt internal/external
Buy-back / Switches of G-Secs
15th FC - Important Points
Pradhan Mantri KIsan SAmman Nidhi
(PM-KISAN)
Separate Department of Fisheries and
1st Aqua Mega Food Park in Andhra
Pradesh
RASHTRIYA GOKUL MISSION
Rashtriya Kamdhenu Aayog
Pradhan Mantri Shram Yogi Maan-
dhan pension plan
Important Schemes For Unorganised
Workers
Definition of Affordable Housing
Significant Economic Presence
Vidya Lakshmi Portal
Dimensions of Vision-2030
Equalisation Levy
Equalisation Levy & GAAR
National Artificial Intelligence Mission
 CURRENT - MARKETS

STATIC - MARKETS Angel Fund

Primary Debt Fund

Secondary Fund of Funds

Buy-Back

IPO, FPO (Follow on Public Offer), Offer

for Sale SEBI Complaints Redressal System
IPO Grading (SCORES)

Book Building Process Credit Rating Agencies

Prospectus
Green Shoe Option Minimum Public Shareholding rule

ADR, GDR and IDR Partial Credit Enhancement (PCE)

Illiquid Option

Market Capitalisation Forensic Audit

Bonus Shares Insider Trading

Rights Shares
Uday Kotak Committee

SEBI Financial Sector Assessment Program

(FSAP)
Mutualised Stock Exchanges
Universal Exchanges
Demutualised Stock Exchanges
Sensex, NIFTY
TReDS
StartUp Runway
Mutual Funds
Government e Marketplace (GeM)
Closed-End Funds
Open-End Funds
Real Estate Investment Trusts (REITs)
Debentures
Infrastructure Investment Trusts (InvITs)
Derivatives – Options, Futures, Forwards
Convertible vs Non-Convertible
Zero Coupon Bonds

Sovereign Debt
Khan Committee report
STATIC -External Sector
Balance of Payment
Current Account
Capital Account
Current Account Deficit (CAD) or
Surplus (CAS)
Foreign Exchange Reserves
BoP Crisis
• Exchange rate Regimes
• Devaluation
• Depreciation
• Convertibility
• REER & NEER
• Hard Currency
• Soft Currency
• Dutch Disease
• Beggar Thy Neighbour
Foreign Trade Policy
• MEIS
• SEIS
• Focus Market Scheme
• Focus Product Scheme
SEZ
Minimum Alternate Tax
FII Vs FDI- General rule of thumb
Foreign Portfolio Investors
-Categories of FPI
Qualified Foreign Investor (QFI)
Participatory Note
Dumping
Import Tariff
Indian Basket Price of Crude Oil
CURRENT -External Sector
Broad based fund
Approved Exporter System (AES)
Deemed Export Scheme
Niryat Bandhu Scheme
International Financial Service Centre
(IFSC)
National Investment and Infrastructure
Fund (NIIF)
Invest India
India Brand Equity Foundation (IBEF)
AIF
Sovereign Wealth Funds
Real Estate Investment Trust
Masala Bonds
Maharaja Bonds
FIPB Abolition
BIT Disputes Resolution - Srikrishna
Committee
Investor-state dispute settlement (ISDS)
International Investment Agreement
(IIA)
E-commerce – 2 Models
Startup – Definition
Export Credit Guarantee Corporation –
Re-Capitalisation
 Import Destinations
General Data Protection Regulation
(GDPR)
Rules of origin
Article 50 in the Treaty on European
Union
Preferential Trade Agreement (PTA),
Free Trade Agreement (FTA) CECA &
Duty Drawback CEPA, Custom Union, Common
Market, Common Market, Economic
Union
Ordinance for Amendment to the
Four modes of supply under Trade in
Special Economic Zones Act, 2005
Services
Baba Kalyani led committee
Exclusion List or Negative List
Industrial Park Rating System

SWAYATT
Phased Manufacturing Programme

INDIA’S AGRICULTURE EXPORT POLICY

Technical Barriers to Trade (TBT)
Indian National Strategy for
Standardization (INSS)
INDUS FOOD
Agricultural & Processed Food
Products Export Development Authority
(APEDA)

The Directorate General of Trade

Remedies
Merchant exporters
Interest Equalisation Scheme

Top 10 Principal import commodities

Top 10 Principal export commodities

Export Destinations
IMPORTANT INTERNATIONAL
INSTITUTIONS

BRICS

NEW DEVELOPMENT BANK (BRICS Bank)

BRICS CRA Contingent Reserve

Arrangement (Fortaleza)

AIIB

BRI

SCO

RCEP

ASEAN

ADMM Plus

APEC

SAARC

Chabahar Port

Indian Ocean Rim Association

BIMSTEC

BBIN

ASIAN DEVELOPMENT BANK (ADB)

International Solar Alliance
India-EU

USTR – Special 301 Report

G20

OPEC

GI tags
IMPORTANT GLOBAL INSTITUTIONS BRETTON WOODS INSTITUTIONS

WTO INTERNATIONAL MONETARY FUND

- IMF Quota & its Reform
• Boxes of subsidies
• De minimis - India’s Borrowing from IMF
• Production limiting Subsidies - Special Drawing Rights (SDR)
• Market Distorting
• Development Box - Inclusion of Yuan
• Doha Round
WORLD BANK
• Agreement of Agriculture
• Non-Agricultural Market - International Bank for
Access (NAMA) Reconstruction &
• TRIPS Development
• Principle of Non
- International Development
Discrimination
Agency (IDA)
• Most Favored Nation
- International Finance
• Exceptions to MFN
• National Treatment Corporation (IFC)
• Various Boxes of Subsidies - Multilateral Investment
• SPS
Guarantee Agency (MIGA)
• Anti Dumping
- Intl. Centre for Settlement of
• Non Violation Complaints
Investment Disputes
• Peace Clause
• Nairobi Declaration - Bilateral Investment
• TFA – Goods Promotion Agreement
• TFA – Services (BIPAs)
• Special Safeguards
Mechanism
• Negotiations under GATS : 4
modes
• Indian Patent Act - Section
84 (1) - Compulsory
Licensing
• Indian Patent Act - Section
3d
• 11th WTO Ministerial
Conference – 2017 Buenos
Aires, Argentina
• Generalised system of
preferences (GSP) system
• USTR – India : Export Subsidy
Issue
CURRENT – IMPORTANT UPDATES FROM
INTERNATIONAL INSTITUTIONS
Secondary Patents
Performances and Phonograms Treaty
Kimberley Process Certification
Scheme
- Bodhi Parva: BIMSTEC
Festival of Buddhist Heritage
- 11th WTO Ministerial
Conference – 2017 Buenos
Aires, Argentina
WTO

Bali Fintech Agenda - Generalised system of

preferences (GSP) system
- USTR – India : Export Subsidy
GI tags
Issue

- Alphonso
- Kandhamal Haladi

IMF SDDS

ISA’s three programmes

International Energy Agency
The Asian Premium

The East Asia Summit

BRICS – Xiamen declaration

SAARC Satellite

Ashgabat Agreement

Land Trade with Neighbours

TIR convention

Fourth Industrial Revolution

Indian Ocean Naval Symposium

(IONS)

Goa Maritime Conclave

BIMSTEC
STATIC - AGRICULTURE
Land Reforms & Green Revolution
Dryland farming
Dry land Vs Rainfed
Cropping seasons of India : Kharif &
Rabi
Pradhan Mantri Krishi Sinchai Yojana
(PMKSY) & Components
Neeranchal National Watershed
Project
Micro Irrigation Fund
FERTILIZERS
Soil Health Card Scheme.
Kisan Credit Card (KCC) Scheme
Micro nutrients & organic fertilizers
Pradhan Mantri Fasal Bima Yojana
(PMFBY)
CACP (Commission on Agriculture
Costs & Pricing)
Minimum Support Price (MSP) How
many, karif, Rabi?
Fair & Remunerative Price (FRP)
State Advised Price (SAP)
APMC Act
National Agriculture Market (NAM)
NATIONAL FOOD SECURITY ACT 2013
Kisan Vikas Patra
CURRENT - AGRICULTURE
India's rank as Highest cropped area
Trend of AGRICULTURE in GVA
International Year of Millets
Union for the Protection of New
Varieties of Plants (UPOV)
International Union for the Protection of
New Varieties of Plants
Paramparagat Krishi Vikas Yojna
(PKVY)
National Mission For Sustainable
Agriculture (NMSA)
Bringing Green Revolution in Eastern
India (BGREI)
GM Crops
NEEM COATED UREA
National Mission For Sustainable
Agriculture (NMSA)
National Bamboo Mission (NBM)
Mission for Integrated Development of
Horticulture (MIDH)
RKVY-RAFTAAR
Yuva Sahakar
Apps to remember
- Kisan Suvidha
- PulsExpert
- PusaKrishi
- Vanami Shrimp
 - National Rice Research Market Intervention Scheme
Institute (NRRI) - Developed
Mobile App ‘riceXpert’
Paddy residue burning
Rice varieties to remember – Soil, water and crop management
practices that reduce carbon emission
- High-protein rice varieties -
CR Dhan 310, CR Dhan 311
- Two climate-smart varieties - Mahila Kisan Diwas

CR Dhan 801 and CR Dhan ENSURE

802
FIDF
- Pusa Basmati 1121
- Pusa Basmati 1718 e-CHARAK

Pradhan Mantri Kisan SAMPADA

Operation Greens
Kisan Urja Suraksha evam Utthaan
Mahabhiyan (KUSUM) Farmer Producer Organisations

Cage Farming
Using Space technology for agri. : Zero Budget Natural Farming
FASAL) project
- CHAMAN project
- NADAMS
- KISAN

Small Farmers Agri-Business

Consortium
Price Stabilisation Fund
Gramin Agricultural Markets (GrAMs)
PM-AASHA
Revenue Insurance Scheme for
Plantation Crops

National Commission on Farmers &

MSP
- Cost A2
- Cost A2 +FL
- Cost C2
STATIC - INDUSTRY & INFRASTRUCTURE Share of Renewable Power in Total
Installed Capacity
INDEX OF INDUSTRIAL PRODUCTION
(IIP)
Core Industries Bharatmala Project

‘Shram Suvidha’ portal Sagarmala Project

Universal Account Number National Waterways Act 2016

Start-up High Speed Rail Corridors

Atal Innovation Mission UDAN - Ude Desh Ka Aam Naagrik,

UDAN 2.0
Stand-up India

Greenfield Investment
Brownfield Investment
Hybrid Annuity Model

Green Highways
LPVR Contracts
Swiss Challenge
Hydrocarbon Exploration & Licensing
Policy (HELP)
- Uniform license
- Open acreage policy
- Revenue sharing model
- Marketing and pricing
freedom
- Strategic Oil Reserves
- Ujjwal Discom Assurance
Yojana (UDAY)

PM Ujjwala Yojana
Renewable Energy Targets

National Solar Mission

CURRENT - INDUSTRY & INFRASTRUCTURE Biofuels - Categories of Biofuels

SHAKTI: Power Sector Linkage Policy Some important Biofuels

ASHTRACK SATAT scheme
UTTAM APP Biogas production

- GOBAR (Galvanizing
Ash content of coal
Organic Bio-Agro
Coal varieties Resources) - DHAN scheme.
Coal Bed Methane
Krishna Godavari Basin

Shale Gas

Hydraulic fracturing
Green Energy Corridor
Gas hydrate
Suryamitra
Oil Shale
Green Bonds
Pradhan Mantri Ujjwala Yojana (PMUY)
Renewable Purchase Obligations
(RPO) PAHAL
Renewable Energy Certificates (RECs) BS-IV & BS-VI
Net Metering Natural gas pricing mechanism
International Renewable Energy International Energy Agency’s (IEA):
Agency (IRENA) Advanced Motor Fuels (AMF TCP)
International Solar Alliance
Micro Grid FAME (Faster Adoption and
Manufacturing of (Hybrid &) Electric
Vehicles in India)
Arun-3 Hydro Electric Project

International Energy Forum (IEF)

PRAAPTI

INSPIRE 2018
Energy Efficiency Services Limited
National Mineral Policy, 2019 (EESL)
Project “Sudoor Drishti” UJALA

STREET LIGHTING NATIONAL

Ethanol Blended Petrol programme PROGRAMME

Pradhan Mantri Jl -VAN yojana Buildings Energy Efficient Programme

Smart Meter National Programme

Trigeneration

Solar Study Lamp Scheme

BEE

AirSewa 2.0
Civil Aviation Regulations (CAR) –
Drones
Drone uses
Digital Sky Platform
Digi Yatra
UDAN 3
NABH Nirmaan

Bharat Kosh (bharatkosh.gov.in) portal

Logistics Ease Across Different States

index (LEADS)
Break water harbour in the Konkan
INDICES Social Progress Index [by Social
Progress Imperative]
National Air Quality Index (NAQI)
Human Development Index (UNDP)
Gender Development Index (GDI)
Gender Inequality Index
Gender Parity Index (UNESCO)
Multidimensional Poverty Index (MPI)
Ease of doing business index

Environmental Democracy Index (EDI)

By The Access Initiative (TAI) and the
World Resources Institute (WRI)

UN Women

Environmental Performance Index

[by WEF (World Economic
Forum)]
Corruption Perceptions Index [by
Transparency International (TI)]
Global Competitiveness Index (GCI)
[by WEF(World Economic
Forum)]
Global Hunger Index [by
International Food Policy Research
Institute (IFPRI)]

Global Innovation Index

By Cornell University, INSEAD & World
Intellectual Property Organization
(WIPO)

Global Peace Index [by Institute

for Economics and Peace (IEP)]