Indian economy help

dark_knight

hello guys,
I am new in this forum and also new in the field of civil services exam. I am aiming for 2014 exams coz im not eligible yet. I'm engineering student and my branch is computer science. The problem is im trying to study economics but having problems in understanding terms and many concepts because im not very familiar with the subject also i dont know what to study and what not. the main problem is im from a small city of chhattisgarh and there is no one to guide me here even no proper coaching facility but luckily and small help of google baba i found this wonderful forum with outstanding people i know its crucial time for u guys coz of the upcoming prelims exams but im seriously hoping someone will surely help. thanks in advance and good luck.

p.s. i have dutt and sunderam indian economy

dark_knight

i want to know how to deal with economy,what should be the approach for a person who is not in touch with the subject before

Neyawn

If you have no background for Economics, I would recommend you to take a look at Indian Economy by Ramesh Singh[click]. I also faced lot of problems, and it really helped me a lot. See if Flipkart delivers in your area.

dark_knight

Thanks for quick reply sir. I looked the given link and its out of stock right now sad :') also i already searched that book in raipur{capital of chhattisgarh} and sadly the only book which i found is dutt sunderam im studing that right now or i should say trying to study

vstoljockey

@dark_knight
Dutt and Sundram is too bulky and very boring book for fresher 's even. Through some topics like WTO, SEZ etc are brilliantly explained in it.
So dont try to go for it in first phase of prep.
Either u search Ramesh Singh on other site or wait till feb end on flipkart
or check Mrunal's blog Economy section

dark_knight

@vstoljockey thank u sir. i will look into mrunal blog and flipkart. thanks for the reply

alexiaaicha

I have a question. In "Trade Relations" what all areas and topics are covered? Any idea? @vstoljockey @Partho @asg

Thank you!

Neyawn

The question can be answered if you specify where are you planning to study it from.

alexiaaicha

@Neyawn I kept byju's test series schedule as my approximate guide to the syllabus.
What was mentioned was:
Different sectors of Indian Economy, Trade Relations, India and International Institutions, Financial Markets, Reforms in Indian Economy since 1991.

Sort of vague to figure out. I thought I had missed out on something, somewhere. My guess is International Trade Relations - BIPA CECA CEPA FTAs. Just shooting some arrows in the dark.

jhonnytorrio

what is the difference between the usage of SLR and CRR. I know how their properties differ. But why is SLR >> CRR?? Why do we need 2 different mechanisms??(Why not merge both of them into one??)

sandrokottos

SLR helps in curbing undue credit expansion while at the same time compelling FIs to invest in Gsecs thus providing credit to govt..CRR is mainly for liquidity control since Banks keep their prescribed 4% "hard cash" in vaults thus creating a sort of emergency fund which can be used in situations like bank runs.So clearly they have their own unique features and utilities in the banking system.