The TNUSRB SI Exam (Tamil Nadu Uniformed Services Recruitment Board Sub-Inspector Exam) includes a section on General Knowledge/Current Affairs, which may cover topics related to Economics, including Inflation. Inflation is an important economic concept and is often tested in competitive exams. Below is a detailed syllabus for Inflation that could be relevant for the TNUSRB SI Exam:
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Inflation Syllabus for TNUSRB SI Exam
1. Basic Concepts of Inflation
– Definition of inflation
– Difference between inflation, deflation, and disinflation
– Types of inflation:
– Demand-Pull Inflation
– Cost-Push Inflation
– Built-In Inflation (Wage-Price Spiral)
2. Causes of Inflation
– Increase in money supply
– Rise in production costs
– Increase in demand for goods and services
– External factors (e.g., global oil prices, exchange rates)
3. Measurement of Inflation
– Consumer Price Index (CPI)
– Wholesale Price Index (WPI)
– GDP Deflator
– Differences between CPI and WPI
4. Effects of Inflation
– On consumers: Reduced purchasing power
– On businesses: Increased costs of production
– On the economy: Impact on savings, investments, and economic growth
– Positive effects of moderate inflation
5. Inflation Control Measures
– Monetary Policy: Role of the Reserve Bank of India (RBI)
– Repo rate, reverse repo rate, CRR, SLR
– Fiscal Policy: Government spending and taxation
– Supply-side measures: Increasing production and reducing bottlenecks
6. Inflation in India
– Current inflation trends in India
– Role of RBI in controlling inflation
– Government policies to manage inflation (e.g., MSP, subsidies)
7. Related Concepts
– Stagflation: High inflation combined with stagnant economic growth
– Hyperinflation: Extremely high and typically accelerating inflation
– Core Inflation: Inflation excluding volatile items like food and energy
Recommended Books
1. NCERT Economics (Class 11 and 12)
2. Indian Economy by Ramesh Singh
3. General Knowledge Books for competitive exams (e.g., Lucent’s GK, Manorama Yearbook)
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Sample Questions
1. What is the primary cause of demand-pull inflation?
– a) Increase in production costs
– b) Increase in money supply
– c) Decrease in consumer demand
– d) None of the above
2. Which index is used to measure inflation in India?
– a) GDP Deflator
– b) Consumer Price Index (CPI)
– c) Wholesale Price Index (WPI)
– d) Both b and c
3. What is the role of the Reserve Bank of India (RBI) in controlling inflation?
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Make sure to check the official TNUSRB SI Exam syllabus for any updates or changes. Focus on understanding the concepts and staying updated on current economic trends to score well in the General Knowledge/Current Affairs section. Good luck with your preparation!
