IASNOVA
Before listing all the important chapters, it’s important to note that all the boxes in NCERT books should be done properly. They are less time consuming and have high rate of return.
NCERT 12th – INTRODUCTORY MACROECONOMICS
Most Important Chapters-
- National Income Accounting
- Money and Banking
Money and Banking are the most important chapters in Economics .They have given the maximum number of questions in previous years. In fact, Banking is the Most Important chapter to be precise.
https://iasnova.com/banking-why-it-is-the-most-important-topic-in-economics-for-prelims/
Nowadays UPSC has been focusing on digital payments, cryptocurrencies also .Check 2017,2018 Prelims Paper and you will find the emphasis on these topics. This trend has been observed after Demonetisation in Nov,2016.
NCERT 11th Book- Indian Economic Development can be given a fast reading.
Important Topics to Focus on in Economics-
1. WTO-
– One question every year is generally related to WTO related terms such as blue box subsidies ,etc.
Complete glossary of WTO related terms-
– https://iasnova.com/wto-complete-glossary-of-important-terms-every-year-1-2-questions-in-prelims/
2. Inflation
– Refer the article below
https://iasnova.com/effects-of-inflation-prelims-special%EF%BB%BF/
3. Budget of the current year
4. Economic Survey- if released before Prelims.
5. Bretton Woods Institutions- WB ,IMF are important.
6. Foreign Exchange, SDRs, FDI, FII, PN , etc
7. Digital Payments
8. Cryptocurrencies, Bitcoins etc.
Refer these articles-
https://iasnova.com/prelims-focus-on-digital-payments-all-you-need-to-know/
https://iasnova.com/types-of-cryptocurrency-recent-focus-on-cryptocurrencies-in-prelims/
https://iasnova.com/bitcoins-and-regulation-in-india-2-questions-in-past-3-years-in-prelims/
9. IPRs,WPO, GIs,Copyrights,Trademarks ,etc
10.Terms which appear in newspapers
Its to be noted that generally these terms are related to Banking.
https://iasnova.com/upscs-focus-on-economic-terms-in-newspapers-the-list-of-such-terms/
