PYQ Vault

SSC CGL Economics · Free notes

Indian Economy: SSC CGL Economics

Indian Economy has 92 questions in the SSC CGL Tier I bank: 25 from the 2023 shifts, 27 from the 2024 shifts and 40 from the 2025 shifts. Thirty-nine of them are on the Five-Year Plans, and most of those name a plan and ask its model, slogan or scheme. The rest ask about trade and the 1991 crisis, and about the Green Revolution and the schemes for farmers. Each page gives the table to learn, with the swapped detail SSC uses as a decoy.

The handout has every subtopic, worked example, formula and trap with answers shown. The formula sheet is the chapter’s formulas and traps alone, on one page.

Subtopic notes

Formula & revision sheet

0 formulas · 8 reference tables · 8 gotchas across all subtopics — the exam-eve cheat-sheet

Five-Year Plans and Indian Planning

Reference tables (3)

The First and Second Plans4 rows
PlanModelFocus
First, 1951-56Harrod-DomarAgricultureQ
Second, 1956-61MahalanobisHeavy industryQ
First Plan growthTarget 2.1%Achieved 3.6%Q
1956 policyCommanding heightsPublic sector leadsQ
The Third Plan to the Eighth, and the breaks5 rows
Period or planRemember it by
1966-69Plan HolidayQ
Sixth, 1980-85Poverty removal and modernisationQ
Seventh, 1985-90Food, work and productivityQ
Eighth, 1992-97PM Rozgar Yojana; reformsQ
1978-80Rolling Plan, Morarji DesaiQ
The Planning Commission and early ideas4 rows
ItemFact
Bombay Plan1944, by industrialistsQ
First chairmanJawaharlal Nehru, as Prime MinisterQ
Import substitutionProtect infant industriesQ
Land reformsEnd intermediaries; land ceilingsQ

Watch out for (3)

International Trade and the 1991 Crisis

Reference tables (3)

Trade terms and exchange rates4 rows
TermMeaning
DevaluationOfficial cut in the currency's external valueQ
Marshall-LernerElasticities must sum to more than oneQ
FERA1973 foreign exchange lawQ
PL 480Wheat imports from the USAQ
Trade agreements, schemes and the WTO5 rows
NameYear or purpose
DFTP for LDCs2008Q
IIPDF2007, not 2017Q
TIESExport infrastructureQ
WTOFair trade rulesQ
Washington ConsensusNo export subsidiesQ
The 1991 crisis and globalisation3 rows
PointFact
Reserves in mid-1991About two weeks of importsQ
Stabilisation aimed atInflation and the balance of paymentsQ
FDI is part ofGlobalisationQ

Watch out for (3)

Green Revolution and Farm Schemes

Reference tables (2)

The Green Revolution4 rows
PointFact
IADPIntensive Agricultural District ProgrammeQ
Cereals, 1978-79131.9 million tonnesQ
Who gained mostLarge farmersQ
White RevolutionVerghese Kurien, Operation FloodQ
Central schemes for farmers6 rows
SchemeFigure or purpose
PM Fasal Bima YojanaAt most 2% premium, kharifQ
PM Kisan MaandhanEntry age 18 to 40Q
PMAY-G, plains60 : 40 Centre to StateQ
Paramparagat Krishi VikasOrganic farmingQ
Soil Health CardNutrient status of soilQ
PM-KUSUMSolar pumpsQ

Watch out for (2)

PYQ weightage by concept

8 concepts · 92 PYQs — where the marks actually sit, so you know what to drill first

Five-Year Plans and Indian Planning39 PYQs · 42%
ConceptPYQsShare
The First and Second Plans1617%
The Third Plan to the Eighth, and the breaks1415%
The Planning Commission and early ideas910%
International Trade and the 1991 Crisis27 PYQs · 29%
ConceptPYQsShare
Trade agreements, schemes and the WTO1112%
Trade terms and exchange rates89%
The 1991 crisis and globalisation89%
Green Revolution and Farm Schemes26 PYQs · 28%
ConceptPYQsShare
The Green Revolution1415%
Central schemes for farmers1213%

Test yourself on Indian Economy

20 past SSC CGL questions from this chapter, timed at 12 minutes and marked the way the exam marks it. You see your score and every answer the moment you finish. Free to start.

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