How To Crack UPSC Indian Economic Service Exam 2018

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The Union Public Service Commission has opened vacancies in the Indian Economic Service. UPSC IES exam will be held in June. Given here are the selection process, exam pattern, important topics and preparation tips for the benefit of candidates who are appearing for the exam.

UPSC IES Selection Process

The selection process comprises of two stages - written test and viva voce. The written test holds 1000 marks while the viva voce carries 200 marks.

UPSC IES Exam Pattern

SubjectMarks Duration 
General English100 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 

Click here to apply for the exam.

Important Topics To Study For UPSC IES Exam

General English

The difficulty level for the English exam will be equivalent to that of graduate level exams. Candidates must be prepared to take up comprehension, paraphrase and essay-type questions. For this, you must have a lot of reading and writing practise.

General Studies

Read the newspapers everyday and be updated with the current affairs.
Take a keen interest in the history and politics of India and be thorough with them. As an economics service officer, they are important subjects that you must have mastery over.

General Economics I

Part A will have theory and base concepts while the part B will comprise arithmetics and practical applications of concepts. Learn the definition and the interrelation between concepts such as demand, supply and production and understand how they work. For the part B, proceed with the formula and solve the sums based on your understanding.

Also Read: How To Prepare For UPSC Combined Geo-Scientist And Geology Exam 2018

 

 

General Economics II

National income, financial market, terms of trade and global trading are some of the key concepts that this paper focuses on. Study the different models in Keynesian theory to portray the demand graph. Classical approaches of economic growth and development and case studies in international economics are important topics.

General Economics III

This paper is about public finance, industry, state and centre policies and an overall exposure to the Indian and global market and its standards. Taxes, agreements and the market structure are important topics you must focus on to score in this paper.

Indian Economics

Indian economics is basically about providing a wholesome understanding about the economic conditions in India and it is based on topics such as poverty, GDP, development and strategies. Money and banking and inflation are the two important units you must be thorough with. The other concepts are based on history and will not be time consuming to study. Hence, while you practise the important units better, quickly run through the other history topics like reading a story to be able to remember them better.

Also Read: What Are The Opportunities For Those Who Fail To Clear UPSC?

 

 

General Preparation Tips

  • Go through the exam pattern and syllabus before you start studying. The detailed syllabus is available on the official notification of this exam.
  • Tune yourself to be prepared for one of the toughest exams in India. You know that the competition will be very high. So do not panic but formulate strategies to crack it.
  • Give your 100% efforts because the civil services demand it. Have a positive outlook and confidently study so that you can maintain a good pace and not be anxious about each passing day.
  • Take a keen interest in the subjects that you are studying. The exam is 80% based on economics. So, it is better to get your fundamentals strong. If you do not understand a concept, reach out for help and clear it so that you can quickly proceed with its related advanced topics.

Dates To Remember

  • The last date to apply for the exam is Apr 16, 2018.
  • The exam is on June 29, 2018.

 

 

 

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