Civil Services Prepby Garima Malik & Nitin Sangwan

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Economy and Development
Money, banking and monetary policy
Objectives, decisions and accountability

UPSC · Prelims and Mains

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

← Money, banking and monetary policy

Objectives, decisions and accountability

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Price stability with growth considerations
Government sets the CPI target in consultation with RBI
MPC determines the policy repo rate
Six-member MPC chaired by the RBI Governor
MPC voting and the casting vote
Persistent inflation misses trigger an explanatory report

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