Economy : All Articles written by Mrunal Patel

List of All Economy Articles written by me, useful for various competitive exams, UPSC, GPSC, UPPSC, KPSC, TNPSC, MPPSC, and for interview and group discussion stage of IBPS (Bank PO and Clerk / CWE), CAT, CMAT and other MBA admission Tests.

If someone is totally new, I suggest you start reading from bottom to top.

Recommended Books for preparing Economy

NIOS (National Open School) study material for Economy (can be downloaded for free by clicking ME)
And NCERT text books. Without going going into all formulas, minute-concepts, just read them atleast once. (They can be legally downloaded for free by clicking following links)
and finally,Indian Economy by Ramesh Singh (TMH Publication)

Out of all the books on economy, that’re in market right now, Indian Economy by Ramesh Singh (Tata Macgrawhill Publication),is the best in my opinion. Because
- It gives comprehensive coverage of all the important topics of Indian Economy from exam point of view- without getting into numbers and dates.
- Whether you’re preparing for UPSC, State PSC or Bank/MBA interviews, it’ll be of great help to you.
And then just keep reading either Indian Express or The Hindu on daily basis (How to read Newspaper for exam? That is covered in a separate article CLICK ME)
and subscribe (Free) to my website by clicking me.

NOT Recommended Books: Mishra Puri, Dutt Sundaram, Uma Kapila. Because they’re written from academic point of view, we only need some basic and essential concepts from “Exam point of view”. Similarly I donot recommend Pratiyogita Darpan’s “Special” book on Indian Economy for its obsession with numbers and other trivial information.

List of all Economy Articles published by Mrunal Patel

Onkar

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Please tell about the order of precedence CEO, MD, Chairman of a company.

What is Realised value of assets, Book value of assets and Profit on Realisation?

What are actual average profit ,normal rate of return and capitalization value of the profits?
How to calculate one if other two are given?

What are liabilities of a company? What are current and long-term liabilities of a company?

What are dividends per share and earnings per share? What does payout ratio tell?

What is Premium on issue of shares?

What is General Reserve Account?

What are ‘Calls in arrear’, ‘called up capital’ ,‘Reserves and Surplus’,‘Capital Reserve’ and ‘Share Forfeited Account’?

What are :
(1) Capital Accounts
(2) Suspense Account
(3) Revaluation Account
(4) Realization Account
?

Please tell about doubtful debts and the bad debts.

What are:
(1) tangible assets
(2) intangible assets
(3) fictitious assets

What is Amortization?

Please tell about:
(A) External reconstruction
(B) Internal reconstruction
(C) Reorganization
(D) Redemption of capital

What is paid-up share capital?

Mrunal

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I think I already talked about that in one of my articles.

Global Depository Receipts?

madh

could you please guide me for Indian economic services, as I see most of the websites are concern with IAS exam only , please extend your help.Thanks.

saurabh

your articles 115 to 118 (Public Debt & Deficit to GDP, GNP ) are not getting opened since long. Please fix the issue soon.

rohit

what is speculative trading?

anbu

Sir,

In Economics archive, some links are not working, when I click the basic GDP,GNP calculations(118), it shows 404 page not found error. the content is not your archive.

please consider this.

avinash

what is NAM 2.0?

susmita

Dear Sir,
First of all, a heartfelt Thank You for running such a wonderful blog!
I read your articles regularly. They are easy to understand, and the way of presenting it is such that one can easily remember them.I just have one request to make,since we are starters and don’t know how to go about, could You kindly provide a ‘suggested reading or further reference’ after every article that You write,so that we can not only in built the concepts but can master that particular topic as a Whole.
Thank you.

Preetha Vivekaraj

Hi,
Ur Hard work and commitment to provide such an useful site is amazing. Thank you so much.

satya dev arya

Respected sir, no doubt… you are doing hard work here..i really thanks full to you..
.and i hope you will continue your work for us, wish you good time ahead …i am a student of Hindi medium but daily i visit you site take all point whatever you says…
..My Question is…. I have Lal & Lal book of Indian Economy..i am felling well this one,but just few days ago one of my friend suggested me that please go for Mishra Puri or Dutta & Sundaram…and now i just saw your article about it…now tell me that should i continue with Lal & Lal or should move for another one(Hindi Medium).?>
.Please tell me for Pre & mains point of view..i just want to go with only one book…
.have a nice day…
.i hope i will get your rely about it as soon as possible…
.Satya Dev Arya

Mrunal

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haven’t seen the Lal and Lal book so cannot comment on its quality.
By the way, Ramesh Singh is also available in Hindi.
Mishra Puri / Dutt Sundaram is not needed.

Rajesh Kumar

Please provide all these things in pdf format.

thanks Mrunal….

thanks sir

Rajendra Prasad

sir,
thanks for such an amazing site
keep up the good work.

vivek

plz explain about divestment?

mayur

Thank u sir…for suggestion about those NCERT books on economy..it vl be a wonderful value addition 2 me….!!!

A S Basak

Sir, you are something else. The way you put your efforts behind this site, highlights your diligence behind any work that you do. For us aspirants, this site has become the mai-baap, and I am not kidding. We all flock to this site in terms of any ‘misunderstanding’ with any topic. In the present day, when nobody looks beyond the financial aspect of labour, we come across this only odd place, where we know we will get our doubts cleared, free of cost.
Thanks a million.

Ashwin

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well said!

sonika

hello sir
i am preparing for IES(indian economic services)…. which all books shud i refer to for preparing “indian economy paper” and most importantly GENERAL STUDIES paper….

ROCKY

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HI.. Macro – dornbursh and fisher, shapiro
micro – varian(helps fr mathematics as well, refer appendix) n koutsyani (dnt read ahuja fr both micro n macro)
international – salvatore
growth n development – todaro
public finance –
monetary economics – go thru theories in macro n read it along with RBI policy
indian economy – misra n puri 2013 is good, compliment it with recent data n some good articles.
environmental economics – from internet.

if u need coaching u can join axiom!

Anmol

Hey Mrunal,
Am a current engineering student. I read your posts regarding preparing for economics and your referral of Ramesh Singh. Thing is am aware of all economic terms but not fully conversed. Like I know CRR, Inflation, Banking system and all out of daily use in news and all but then am not very good with the details.
Since am now starting for CSAT 2014, I would like to ask whether the knowledge of these terms is required or what else? And in any case, which are the topics to be read from Ramesh Singh?
Thanks in advance.

Mrunal

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The expertise over economy, international relations and current affairs, will come with time. Don’t worry, just stick to daily reading habit.
- Anmol
  
  Reply to this comment
  
  I think you got me wrong with that. What I asked was-
  a) Topics to study from Ramesh Singh?
  b) Pattern of questions asked in CSAT, whether based on definitions (with which am good) or details (for which am asking topics of Ramesh Singh) or on something else like definitions applied to Indian context or maybe anything like that?

girish

what is financial holding company (FHC& NFHC )and even though RBI mooted for FHC why ministry of finance is nt in favour of the idea

gireesh

mrunal sir pls take up the issue financial holding company(especially banking) .In the wake of baselIII norms and with squeezing of banks profits it has assumed sigfigance .but iam nt getting exactly gist SHYAMALA GOPINATH COMMITEE recomdts .

ram pawde

diffrence between fiscal deficit and public debt…??? former is in tune of 4-5 percent while latter iis of 100-200% of gdp….???
how pls explain in ur trademark-LUCID way….!!!!
waiting for ur reply….!!!

candy

hey gr8 website..i m new user ..can u tell me about coal scam in simple words?//?/

Pranoy

What is Exchange traded fund?
What will be the overall effect on the economy if gold is traded as ETF(Exchange traded Fund)?

shruthi

Will the book “An evolution by Indian economy” by IC Dhingra is good?

ONKAR

Sir,
Please tell me about Import parity pricing and under- recoveries of OMCs. It is said that the companies actually make profit while selling petrol but report under-recoveries.
What is the meaning of all this?

Thanks
Onkar

sagar

Sir,
what is alternative investment fund?
please tell me about it
thanks
sagar

Sir

FDI from foreign airlines has been approved now. But previously, FDI from all the foreign entities other than foreign airlines was allowed. How will it have different impact now?

Ashwin

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Read August issue of CST.. It has been precisely written..

Big Bazaar, Future Group etc are also like Walmart, Tesco. Are they also having negative impact on kirana stores which is being anticipated on the entry of foreign retailers?

Abhishek

Hi Mrunal,
as there are a whole lot of social improvement schemes launched since independence, and many of them have now been either merged with other schemes, or ceased to exist,Do we need to prepare all those schemes Like SGSY,MWS,JSGY etx. or we shud focus on the scheme presently being implemented?

Mrunal

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More attention on schemes running right now.

surya

Dear sir,
i have recently come to use this nice website. i found it really worth appreciating . i need your suggestions . however, i also keep in my mind to go for civil service exam once in my life. but never got courage to do it. because of inhibition that i have been a mediocre student since my start so i wont be able to do it. at present i m working, i studied management . now i want to hit the CSE. Advice me what optional i can take and how to go for prelims and mains. history and Public admin , i think will be ok for me. but what to study , which writers i should study ,i do not know. one problem is that i cant study for longer hours like 7-8 hrs.

Looking forward to hearing form you.

Mrunal

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How to start preparation = given in this article
http://mrunal.org/2012/02/study-plan-topicwise-plausible-booklist.html

Public Administration
http://mrunal.org/2012/03/strategy-studyplan-public.html

History
http://mrunal.org/2012/05/topper-abhishek-69-2011.html#432
- surya
  
  Reply to this comment
  
  lots of thanks Sir!

Himanshu Singh

HATS OFF! SIR

SHASHI KOTWAL

SIR PLEASE EXPLAIN WHAT IS MOST FAVOURED NATION MEANS?..IN SIMPLE TERMS …..WILL BE WAITING FOR YOUR RESPONSE SIR …..THANK YOU

CA. AMIT LATH

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Shashi,
The word most favoured nation is confusing. this terminolgy basically means treating equal to all the nation say u charge 15% custom duty on a good imported from US . then you have to charge 15% only from other MFN countries .If u charge more than that to say pak, then pak willsay u are not giving me MFN status but the US on the other hand say we charge 14% from pak US will start shouting …..

debdeep

Sir,
Recently RBI has slashed CRR without making any changes to the repo rate.
If liquidity of money was the primary goal, then why did RBI not change the Repo rate instead?

What are the major difference in consequences in changing Repo rate and CRR?

dhimman

Sir as i got from The Hindu that CRR is very crucial as it has Regulatory, monetary effects and also check Liquidity …….Sir plz can you explain how (as Repo and Reverse Repo also perform the same task …..) CRR is so Important for RBI besides having Repo and reverse Repo…….

pooja

hello sir, plz suggest me reading for economics.

abhishek singh

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As suggested on top of page by Mrunal sir,
1)Indian Economy by Ramesh Singh (Tata Macgrawhill Publication)
2) And then just keep reading either Indian Express or The Hindu on daily basis
3) last but not least refer daily updated by mrunal sir website.
Thanks

Ashwin

Sir, am preparing for IAS 2014, is it necessary to read all the economy articles present here or only selected is sufficient???
Have yo given only the articles required for IAS aspirants or have you given advanced economy articles also for students preparing for IES, Bank, P.O etc. which is not required for IAS aspirants??
Pls tell me as I don wanna spend time unnecessarily on advanced topics which is not needed for IAS preparation..
Thank you for your help Sir.

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