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Competitive examinations are baskets full of opportunities and challenges. Every government job aspirant may find it challenging and blessing at the same time. Bihar Public service Commission (BPSC) is a kind of public service commission which poses a challenge and a handful of opportunities to its aspirants at the same time. The opportunities offered means the BPSC has come up with many jobs’ applications and recruitment after a long time. The major challenge posed to the aspirants is the question pool offered from the economics subject area. The aspirants from the science and non-economics background may find it difficult to crack the economics questions. Through this blog let us discuss How to Prepare for Economics for BPSC Exam 2022
Overview Bihar Public Service Commission
The general awareness or the current affairs should start from the institution or organization which conducts the examination you wanted to appear. The history of the public service commissions in India starts during the period of Lord Macaulay who set up a commission for recruiting towards government jobs. The federal public service Commission and state service commission set up during the government of India act gave the official path way for the set up of the public service commission in India. Article 315 of the Indian constitution gives the establishment for a Union Public service Commission UPSC for the recruitment towards the All-India Services and other central services and state public service commission. The Bihar Public Service Commission came into existence from 1st April 1949 after its separation from the Commission for the States of Orissa and Madhya Pradesh, in accordance with subsection (1) of section 261 of the Government of India Act, 1935, as adapted. The Bihar Public Service Commission initially began its functioning for the State of Bihar with its headquarters at Ranchi. The State Government decided to shift the headquarters of the Commission from Ranchi to Patna and it was finally shifted to Patna on 1st March 1951.The first Chairman of the Bihar Public Service Commission was Shri Rajandhari Sinha. Shri Radha Krishna Choudhary was the first Secretary to the Commission.
Economics Preparation for BPSC 2022
Economics is a subject that can be said as an arts subject and science subject at the same time. The basic level economics may seem like an arts subject but when you go for higher studies, the quantitative economics which utilises the higher mathematical functions makes it a science subject too. But from the point of view of preparation for the BPSC exam 2022, we need to study economics from a basic level arts perspective. The phases of preparation of economics for BPSC examination 2022 can be listed as below:
- Basic Understanding through NCERTs
- Policies and Schemes of Economics
- Update of Economic Indices
Basic Understanding through NCERTs
The NCERTs of 11 and 12 will give you basic and more than basic ideas regarding economics. The NCERT categorizes the economics study as Microeconomics and Macroeconomics. The competitive exam will ask questions from the Macroeconomic study all the time. The microeconomic study is sophisticated and is often asked for economics-based examination. Macroeconomics involves the economic position and quantitative measures of economic indices and concepts behind them. For eg national accounting in terms of GDP, NDP, GNP, NNP all will come under the Macroeconomic study. Have the basic understanding to cope up with the current development on the same matter.
Policies and Schemes of Economics.
Economics has different branches relating to the finance department, social welfare, human resources, banking and money etc. all kinds of developments are interrelated with the branches of economics. So, the government is enhancing economic policies. The policies and schemes formulated by the finance ministry and other ministries for the welfare of the people and the betterment of the economy are to be studied under the current development of the economics for BPSC 2022 examination. Enroll Entri for getting all the updates about the schemes and policies of the government regarding the economic value without any miss. The Entri app general awareness and current affairs program is designed in such a way that it aids the particular examination like BPSC 2022.
Update the Economic Indices
Every year the statistical data related to economics will change. This will considerably change the economic situation of the society as a whole. SO these changes in the statistical measures are often considered as a question pool for the examiners especially the examiners of BPSC 2022. The statistical measures include Repo rate, Reverse Rate, Bank rate, Statutory Liquidity Ratio (SLR), Cash Reserve Ratio (CRR), Gross Domestic Product (GDP) and its growth rate etc. Don’t miss out these important economic indices that indicate various economic situations are essential for appearing for a competitive examination like BPSC 2022.
Everything in the society is interlinked to the economic state of any entity of the society. Either it may be the people, government or any organization or the state as a whole. The driving force behind the policies, governance and even the preparation of aspirants is also in aim of achieving the financial stability and resource allocation and utilisation. Understanding the economic principles for an aspirant is essential not only for competitive examinations like BPSC 2022 but for achieving success in life. Keep studying keep winning.