NDA Economy Notes – Chapter-wise with PYQs
Download NDA Mathematics Notes with formulas, topic-wise explanations, and previous year questions. Aligned with the latest NDA syllabus.
CONTENTS
• Introduction to Indian Economy
• Sectors of the Economy (Primary, Secondary, Tertiary)
• Gross Domestic Product (GDP) & National Income
• Economic Planning in India (Five-Year Plans)
• Budget – Types, Terms, and Union Budget Basics
• Banking System in India – RBI, Functions, Types of Banks
• Inflation – Types, Causes, Control Measures
• Taxation – Direct and Indirect Taxes
• Government Schemes – Current & Landmark Programs
• Economic Reforms – LPG Policy, FDI, Globalization
• Poverty, Employment & Unemployment
• Indian Currency & Monetary Policy
• Important Terms – Repo, CRR, Fiscal Deficit
• PYQ-based MCQ Practice
Why Use JOVIK Defence Prep Notes for NDA?
The Indian economy is a relatively small but high-scoring area in the NDA GAT exam. It could be GDP or banking, reforms or taxation; these questions tend to be conventional and are often asked.
It is precisely for this reason that we at JOVIK Defence Prep have developed a set of Economy Notes for the NDA exam. This set covers all the relevant topics and presents them in easily digestible, bullet-point form. These notes are ideally suited to that group of NDA aspirants who are looking for a relatively low-effort, high-reward way of improving their performance in the GAT portion of the exam.
Chapters Covered in NDA Economy Notes
We’ve covered all frequently asked Economy topics:
- Intro to Indian Economy – Characteristics, pre- and post-independence growth
- Sectors of Economy – Primary, secondary, tertiary with examples
- GDP & National Income – Definitions, components, measurement
- Economic Planning – Five-Year Plans, NITI Aayog
- Union Budget – Structure, key terms, types of budgets
- Banking System – RBI, scheduled banks, NBFCs, monetary policy
- Inflation – Types, WPI, CPI, inflation control
- Taxation – GST, Direct vs Indirect Tax, slab basics
- Economic Reforms – Liberalisation, Privatisation, Globalisation (LPG)
- Government Schemes – PM Awas Yojana, Jan Dhan, Digital India
- Unemployment & Poverty – Types, causes, government action
- Currency & Monetary Policy – Repo, Reverse Repo, CRR, SLR
- Important Terms – Fiscal Deficit, Demonetisation, Disinvestment
Each chapter includes:
- Bullet-format explanation
- Real examples and figures (where needed)
- PYQs and trend analysis
Why Use JOVIK Economy Notes?
- Factual + Conceptual – Ideal for MCQ prep
- Easy to revise – Covers more in less time
- PYQ-mapped – Built around real NDA questions
- Visual learners welcome – Tables & flowcharts included
- No coaching needed – 100% self-study friendly
Who Should Use These Notes?
- NDA aspirants from both Commerce & Non-commerce backgrounds
- Class 11–12 students preparing alongside school (Foundation)
- Droppers looking for GAT accuracy boost
- Self-study and coaching students alike
How to Use NDA Economy Notes
- Learn 2–3 topics daily (e.g., GDP + Banking + Budget)
- Revise terms weekly (use flashcards or mind maps)
- Solve PYQs after each major topic
- Focus on keywords – they appear in MCQs often
- Stay updated with at least 3 latest government schemes
Final Words
Pay attention to the NDA Economy section — it’s a high-return area. With minimal effort, you can boost your GAT score simply by revising JOVIK’s crisp NDA Economy Notes. Start with familiar topics like GDP or Banking, and gain clarity on key concepts, policies, and reforms. You’ll find that mastering Economics for NDA is much easier than you expected.
Additional Resources
For detailed syllabus and official exam updates, you may visit:
Frequently Asked Questions
Yes, all our notes are 100% free and accessible online — no signup or download required.
These notes cover the full UPSC NDA Economy syllabus and are ideal for concept clarity and revision. For full prep, combine with mock tests.
Yes, these notes are written in simple language and are perfect for students preparing with Class 11 or 12.
The notes are reviewed and updated after each NDA exam cycle to reflect changes in trends or patterns.
We have integrated PYQs within each chapter. You can also visit our dedicated PYQ section.
Yes, Economics is an important part of the General Ability Test (GAT) in the NDA exam. Questions are usually based on basic economic concepts like national income, inflation, budget, poverty, banking, and Indian economy fundamentals. The level is moderate and usually based on NCERT Class 9–12 understanding.
