Civil Services Prepby Garima Malik & Nitin Sangwan

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Economy and Development
External accounts, exchange rates and financing
External transactions and accounting conventions
Current-account components

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Economy and Development

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Economy and Development

Economic choices and markets
National income, capital formation and economic measurement
Aggregate demand and employment
Money, banking and monetary policy
Government budgets and fiscal policy
External accounts, exchange rates and financing
Indian development strategy and economic reforms
Human development, human capital and employment
Rural finance and livelihood diversification
Infrastructure and economic connectivity
Infrastructure investment and project models
Poverty, inequality and inclusive development
Financial inclusion: access, use and protection
Securities markets and non-bank finance

← External transactions and accounting conventions

Current-account components

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Cross-border services differ from merchandise trade
Primary income rewards labour and invested resources
Secondary income records current transfers without an exchange
Personal transfers connect resident and nonresident households
The current-account balance combines trade and income flows

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