Indian Economy is an important section in all Railway Exams like RRB NTPC, Group D, ALP, and Technician. Questions are asked from basic economic concepts, budget, banking, and government schemes. To support your preparation, we have compiled chapter-wise Economy notes and mock test PDFs for effective revision and practice.
📌 Why Study Economy for Railway Exams?
In the General Awareness section of RRB exams, around 3–5 questions are typically from Indian Economy. Understanding key concepts and current economic developments can help you gain an edge. With structured chapter-wise notes and MCQs, scoring in this section becomes easier.
📚 Chapter-Wise Economy Topics Covered
- Basic Concepts of Economy – GDP, GNP, NNP, Inflation, etc.
- National Income and its Measurement
- Budget and Fiscal Policy
- Banking System in India
- Monetary Policy and RBI Functions
- Planning in India – NITI Aayog and Five-Year Plans
- Indian Tax System – Direct and Indirect Taxes
- Economic Reforms – LPG Model (1991)
- Public Finance and Government Expenditure
- Current Economic Affairs & Union Budget Highlights
- WTO, IMF, World Bank – International Organizations
- Important Government Schemes – PM-KISAN, MNREGA, etc.
📄 What’s Inside the PDF Notes?
- Easy-to-understand bullet points
- Quick facts and summary charts
- Important MCQs at the end of each chapter
- Previous year RRB questions highlighted
- Updated with current economic data and schemes
📝 Mock Test Format for Economy
- Each chapter has 15–20 MCQs
- Includes mix of static and current economy questions
- Detailed answer key provided
- Ideal for self-evaluation and timed practice
🔥 High-Frequency Questions in Railway Exams
- What is the full form of GDP?
- Who prepares the Union Budget?
- When was NITI Aayog formed?
- Which bank is known as the Banker to the Government?
- What is the inflation target set by RBI?
✅ Advantages of Using These Notes & Tests
- Covers syllabus as per latest Railway exam pattern
- Perfect for quick revision before the exam
- Helps identify weak areas through practice questions
- Improves accuracy and confidence
- Handy for last-minute brush-up
🧠 Quick Revision Table
| Concept | Definition |
|---|---|
| GDP | Gross Domestic Product – total value of goods and services produced in a country in one year |
| Inflation | Rate at which the general price level of goods increases |
| Fiscal Deficit | Difference between total expenditure and total revenue of the government (excluding borrowings) |
| Monetary Policy | Policy of RBI to control money supply and interest rates |
🎯 Preparation Tips for Economy Section
- Start with basic concepts like GDP, Inflation, and Budget.
- Follow current economic affairs from the past 6 months.
- Revise government schemes relevant to the Railway sector.
- Take topic-wise mock tests to improve retention.
- Make short notes for formulas and key definitions.