Indian Economic Services Exam

Indian Economic/Statistical Services Exam is conducted by the Union Public Service Commission to recruit Grade IV officers for the Indian Statistical Service (ISS) and Indian Economic Service (IES). The exam is generally conducted in the month of November. Out of the many careers offered by the Government sector, Indian Economic Service is one of the most attractive among the young post-graduates. Selected candidates are placed in the Planning Commission, Labour Bureau, Central Electricity Authority, Economic Advisers to many ministries, Forward Market Commission, Tariff Commission, Planning Board, Tariff Commission National sample survey and other allied offices where specialists in Economics are required. An illustrious yet highly specialized service where the appointees are giving critical inputs in the policy making of the financial and economic affairs, and, additionally, they can go on deputations to different agencies of United Nations.

ELIGIBILITY

Age limit : 21-30 years on 1st January in the year of examination

Educational qualification(Indian Economic Service) : Post Graduate Degree from a recognised university in Economics/Applied Economics /Business Economics/Econometrics for Indian Economic Service

Educational qualification(Indian Statistical Service) : Post Grade Degree from an Indian university in Statistics/Applied Statistics/Mathematical Statistics.

Candidates appearing in qualifying degree exams are also eligible provisionally subject to producing proof of passing along with Detailed Application Form.

SCHEME OF THE EXAMINATION

Indian Economic Service

1. General English -100 Marks
2. General Studies -100 Marks
3. General Economics I -200 Marks
4. General Economics II -200 Marks
5. General Economics III -200Marks
6. Indian Economics- -200 Marks
7. Interview -200 Marks

Indian Statistical Service

1. General English -100 Marks
2. General Studies -100 Marks
3. Statistics I -200 Marks
4. Statistics II -200 Marks
5. Statistics III -200 Marks
6. Interview -200 Marks

SYLLABUS

General English

Candidates are required to write an essay in English. Other questions will be designed to test their understanding of English and use of words. Passages will usually be set for summary or precise writing.

General studies

It includes current events, Indian polity, Constitution of India, History of India and to some extend Geography.

General Economics I

Theory of consumer's demand, Theory of production, Theory of value, Theory of distribution, Welfare-economics, Concept of national income, Keynesian theory of employment are some of the important topics.

General Economics II

Concept of economic growth and its measurement, Characteristics and problem of developing countries, Planning, International economics, Money

Indian Economics

Basic features of the Indian Economy, Planning, Agriculture, Cooperation, Growth of cooperative movements in India, Industry, Labour, Money and Banking, Public Finance are some of the important topics.

Statistics I

Probability (40 per cent weight), Statistical Methods (45 per cent weight), Numerical Analysis (15 per cent weight).

Statistics II

Linear Models (25 per cent weight), Estimation (25 per cent weight), Hypothesis Testing (25 per cent Weight), Multivariate Analysis (25 per cent weight)

Statistics III

Part A (compulsory) :Sampling Techniques (35 per cent weight), Economics Statistics (25 per cent weight)

Part B (Candidates will be allowed option of answering questions on any one of the following topics) : Statistical Quality Control and Operations Research (40 per cent weight), Demography and Vital Statistics (40 per cent weight), Design and Analysis of Experiments (40 per cent weight), Econometrics (40 per cent weight)

RECOMMENDED BOOKS

General Studies: Magazines and general knowledge book of upkar is sufficient.

General Economics-I:

1. Micro: Koutsoyyiannis, Ahuja or any other good book.
2. Macro: Shapiro,, Dornbusch and Fischer, Ahuja
3. For Mathematical Methods: class 11th and 12th NCERT Maths book is sufficient.
4. National Income Accounting: Class 12th book of CBSE- any one.

General Economics -II
1. Monetary: SB Gupta (For both) M L Jhingan and RBI Report.
2. International Economics: Soderston;, Mannur or any other book.
3. Growth and Development: M L Jhingan, Meir and Baldwin., read any one or two latest book of Amratya Sen.
4. Statistics: Class 11th and 12th NCERT books along with some chapters of any graduation level statistics book or Gujarati-Econometrics book.

General Economics -III
1. Public Finance: Bhatia and one foreign author book.
2. Indian Economy: Planning chapter of Uma Kapila.
3. Environmental Economics: Any good books-only topic wise coverage.

Indian Economics
1. Indian Economy by Dutt and Sundaram.-topics wise coverage of syllabus.
2. Indian Economy: Mishra & Puri
3. Indian Economy: A N Agrawala
4. Indian Economy: Uma Kapila
5. Indian Economy: Economic Survey -Last two years
6. Indian Economy: Budget-3 years, Very important
7. Indian Economy: latest two Monetary & Credit Policy (mid term and annual). Latest data about CRR, SLR and Repos rate should be known.,
8. Different reports like Human Development Report, World Development Reports (available on net) and many other good reports including report and papers by United Nations Environment Programme will help in GE-III paper, as questions are highly unconventional in paper III of Economics.
9. Any good economy newspaper

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