Strategy for indian economic service (ies) exam

1. Strategy for
Indian Economic
Service (IES) Exam
Pradeep Kumar Panda
Email: pradeep25687@yahoo.co.in
Whatsapp: 9951178889
Website: www.pradeepkumarpanda.weebly.com

2. About IES Exam
• The UPSC conducts a combined competitive examination for recruitment
to Grade IV officers of the services of IES.
• Eligibility Criteria
• Education: You should have post graduate degree from a recognized
university in Economics or Applied Economics or Business Economics or
Econometrics.
• Age: You must have attained the age of 21 years and must not have
attained the age of 30 years on 1st August of the year of exam.
• Exam Pattern: Part I is written examination carrying a maximum of 1000
marks. The exam is of conventional type. Part II is viva-voce of such
candidates as may be called by the Commission, carrying a maximum of
200 marks.

3. IES Exam Papers
S.No. Subject Marks Time
1 General English 100 3 hours
2 General Studies 100 3 hours
3 General Economics - I 200 3 hours
4 General Economics - II 200 3 hours
5 General Economics - III 200 3 hours
6 Indian Economics 200 3 hours

4. General English and Studies Syllabus
• General English: Candidates will be required to write an essay in English.
Other questions will be designed to test their understanding of English
and workmanlike use of words. Passages will usually be set for summary
or precis.
• General Studies: General Knowledge including knowledge of current
events and of such matters of every day observation and experience in
their scientific aspects as may be expected of an educated person who
has not made a special study of any scientific subject. The paper will also
include questions on Indian Polity including the political system and the
Constitution of India, History of India and Geography of a nature which
the candidate should be able to answer without special study.

5. General Economics I Syllabus
1. Theory of Consumer’s Demand
2. Theory of Production
3. Theory of Value
4. Theory of Distribution
5. Welfare Economics
6. Mathematical Methods in Economics
7. Statistical and Econometric Methods

6. General Economics II Syllabus
1. Economic Thought
2. Concept of National Income and Social Accounting
3. Theory of employment, Output, Inflation, Money and
Finance
4. Financial and Capital Market
5. Economic Growth and Development
6. International Economics
7. Balance of Payments
8. Global Institutions

7. General Economics III Syllabus
1. Public Finance
2. Environmental Economics
3. Industrial Economics
4. State, Market and Planning

8. Indian Economics Syllabus
1. History of Development and Planning
2. Federal Finance
3. Poverty, Unemployment and Human Development
4. Agriculture and Rural Development Strategies
5. India’s experience with Urbanisation and Migration
6. Industry
7. Labour
8. Foreign Trade
9. Money and Banking
10. Inflation
11. Budgeting and Fiscal Policy

9. Strategy for General English (GE)
• It may be observed that GE is a full-fledged paper and unlike in the Civil
Services Exam, where language paper is just qualifying in nature and the marks
obtained are not counted in the final merit, the marks obtained in GE Paper in
this examination form part of the total score of the candidate.
• Hence, knowledge of English Language plays an important role in this
examination.
• The GE Paper includes an essay, precis and other descriptive questions to judge
the candidates' comprehension of English Language.
• Candidates with good base of English Language can hope to do well. Essay,
particularly, is very important, as it is an instrument for judging not only the
command over the language but also the depth of knowledge and expression
of the candidate on a given topical essay.
• The good score is 55-65 depending on the proficiency level of a candidate.

10. Strategy for General Studies (GS)
• Area wise time allocation based on last two years papers should be done
like, polity, economy, general knowledge related to place, person,
historical paces and any other general events of importance should be
covered.
• Those who are preparing for civil services exam will find the GS paper
easier to handle.
• The questions have word limit and it contains 75 words, 50 words and
one sentence along with many 20 words questions.
• This is a potentially good paper where a candidate can expect upto 75
marks out of possible 100. Paper-I and II are of vital importance as these
papers assist a well-prepared candidate to get a higher percentage of
marks.

11. Strategy for General Studies (GS)
• Paper on General Studies includes questions on Constitution of India, History,
physical, regional and economic Geography, General Science, national and
international affairs, etc.
• Preliminary and basic study of Indian Political System, History and Geography is
required.
• A good book on General knowledge, supplemented by a good competitive
magazine is a must for thorough preparations.
• In addition regular reading of a good and standard national newspaper also
helps in updating the knowledge of current national and international affairs.
• The question paper may also have a question or two on planning and
challenges (problems), which the candidates otherwise also prepare for
General Economics-III and Indian Economics.

12. Strategy for Economics I
• Each paper on Economics carries 200 marks.
• First is the paper on theory consisting of Micro and Macro- Theories.
• The syllabi of Micro and Micro Economics conform to the syllabi of post-
graduate classes in Delhi University.
• To prepare for paper I of Economics, standard books prescribed at post-
graduate level for theory are considered to be most suitable.
• Efforts of the candidates should be to acquire the conceptual clarity so that
even the complicated questions are tackled properly.
• The questions, in fact, are directed at judging the depth of knowledge of the
candidates in theory.
• A candidate with a clear understanding of the subject can expect to do well in
this paper. Like define law of demand and are straight in asking the answers.

13. Strategy for Economics II
• Each paper on Economics carries 200 marks.
• Second paper of Economics consists of other allied theories of
economics International Economics and Welfare Economics.
• The syllabus for this paper also consists of important aspects of the
above disciplines of theory, which are taught at the post-graduate level
in any university.
• The paper also includes some input on basics of statistics.
• The candidates are also advised not to leave any part of the syllabus
untouched and should prepare all the aspects thoroughly.

14. Strategy for Economics III
• Third paper deals with Environmental economics including Monetary
and Fiscal Theory, Development, challenges of Planning.
• While the material for first two papers of economics is available in
plenty and in a structured form, the preparations required for the third
paper on Economy require special efforts as mentioned in the book
list.
• The problem that a candidate faces in preparing for this paper is that
even the latest edition of book on Economics does not contain the
latest developments.
• With presentation and analysis of latest developments a only one can
expect to score good marks.
• The standard textbooks as mentioned should be diligently followed
according to the topics.

15. Strategy for Economics IV
• The fourth paper is Indian Economics on Indian Economy, therefore, need
supplementing with good and reliable sources of data on Problems. One good
source of latest data on Economy is the latest Economic Survey, which is released
every year by the Publications Division, Government of India. Another rich and
reliable source is the latest Five Year Plan document which also gives an insight
into the sector-wise five-year targets and performance of the previous plan.
Yojana, a fortnightly magazine published by the Publications Division, is also
useful. Magazines help in giving the latest data as well as analysis of the
problems faced by Economy as well as its achievements. Understanding and
knowledge of Economy is more important as even the questions on second
paper on Economics are also asked with special reference to the Economy. A
standard economy oriented newspaper also goes a long way in preparing for this
paper.

16. Thank You
Pradeep Kumar Panda
Email: pradeep25687@yahoo.co.in
Whatsapp: 9951178889
Website:
www.pradeepkumarpanda.weebly.com