A combined competitive examination for recruitment to Grade IV of the Services (Indian Economic Service and Indian Statistical Service) will be held by the Union Public Service Commission in accordance with the Rules published by the Ministry of Statistics & Programme Implementation in the Gazette of India.
Name of the Post & Number of Vacancies
- Indian Economic Service: 19 vacancies
- Indian Statistical Service: 46 vacancies
The examination shall be conducted according to the following Plan:
- Written examination carrying a maximum of 1000 marks in the following subjects.
- Viva voce of such candidates as may be called by the Commission, carrying a maximum of 200 marks.
Indian Economic Service (IES) Written Exam:
- General English (100 marks, 3 hours)
- General Studies (100 marks, 3 hours)
- General Economics- I (200 marks, 3 hours)
- General Economics- II (200 marks, 3 hours)
- General Economics- III (200 marks, 3 hours)
- Indian Economics (200 marks, 3 hours)
- Economic Thought: Mercantilism Physiocrats, Clasical, Marxist, Neo-classical, Keynesian and Monetarist schools of thought.
- Concept of National Income and Social Accounting: Measurement of National Income, Inter relationship between three measures of national income in the presence of the Government sector and International transactions. Environmental considerations, Green national income.
- Theory of employment, Output, Inflation, Money and Finance: The Classical theory of Employment and Output and Neo classical approaches. Equilibrium, analysis under classical and neo classical analysis. Keynesian theory of Employment and output. Post Keynesian developments. The inflationary gap; Demand pull versus cost push inflation, the Philip's curve, and its policy implication. Classical theory on Money, Quantity theory of Money. Friedman's restatement of the quantity theory, the neutrality of money. The supply and demand for loanable funds and equilibrium in financial markets, Keynes' theory on demand for money.
- Financial and Capital Market: Finance and economic development, financial markets, stock market, gift market, banking and insurance. Equity markets, Role of Primary and Secondary markets and efficiency, Derivatives markets; Futures and options.
- Economic Growth and Development
a) Concepts of Economic Growth and Development and their measurement: characteristics of less developed countries and obstacles to their development - growth, poverty and income distribution.
b) Theories of growth: Classical Approach: Adam Smith, Marx and Schumpeter - Neo classical approach; Robinson, Solow, Kaldor and harrod Domar. Theories of Economic Development, rostow, Rosenstein-Roden, Nurske, Hirschman, Leibenstien and Arthur Lewis, Amin and Frank (Dependency school) respective role of the state and the market. Utilitarian and Welfariest approach to social development and A K Sen's critique. Sen's capability approach to economic development. The Human Development Index. Physical quality of Life Index and Human Povery Index.
- International Economics: Gains from International Trade, Terms of Trade, policy, international trade and economic development - Theories of International Trade; Ricardo, Haberler, Heckscher-Ohlin and Stopler-Samuelson - Theory of Tariffs - Regional Trade Arrangements.
- Balance of Payments: Disequilibrium in Balance of Payments, Mechanism of Adjustments, Foreign Trade Multiplier, Exchange Rates, Import and Exchange Controls and Multiple Exchange Rates.
- Global Institutions: UN agencies dealing with economic aspects, World Bank, IMF and WTO, Multinational Corporations.