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COMBINED GRADUATE LEVEL EXAMINATION Paper IV, 2016

COMBINED GRADUATE LEVEL EXAMINATION Paper IV, 2016

COMBINED GRADUATE LEVEL EXAMINATION Paper IV, 2016

Paper-IV : Paper IV will be for those candidates who have applied for the post of Assistant Audit Officer (AAO) in C&AG. The said paper would comprise two parts i.e., Finance and Accounts for which there would be 40 questions carrying 80 marks and Economics and Governance which would have 60 questions carrying 120 marks. In all there would be 100 questions carrying 200 Marks with each question carrying two marks. 0.50 marks would be deducted for each wrong answer. The paper will be for a duration of two hours.

Syllabus for Paper- IV 

General Studies (Finance and Economics) for the post of Assistant Audit Officer in Indian Audit & Accounts Department under CAG.

Part A: Finance and Accounts-(80 marks)

  1. Fundamental principles and basic concept of Accounting.

Financial Accounting: Nature and scope, Limitations of Financial Accounting, Basic concepts and Conventions, Generally Accepted Accounting Principles. Basic concepts of accounting: Single and double entry, Books of original Entry, Bank Reconciliation, Journal, ledgers, Trial Balance, Rectification of Errors, Manufacturing, Trading, Profit & loss Appropriation Accounts, Balance Sheet Distinction between Capital and Revenue Expenditure, Depreciation Accounting, Valuation of Inventories, Non-profit organisations Accounts, Receipts and Payments and Income & Expenditure Accounts, Bills of Exchange, Self Balancing Ledgers.

 

Part B: Economics and Governance-(120 marks)

  1. Comptroller & Auditor General of India- Constitutional provisions, Role and responsibility.
  2. Finance Commission-Role and functions.
  3. Basic Concept of Economics and introduction to Micro Economics.

Definition, scope and nature of Economics, Methods of economic study and Central problems of an economy and Production possibilities curve

  1. Theory of Demand and Supply

Meaning and determinants of demand, Law of demand and Elasticity of demand, Price, income and cross elasticity; Theory of consumer’s behaviour-Marshallian approach and Indifference curve approach, Meaning and determinants of supply, Law of supply and Elasticity of Supply.

  1. Theory of Production and cost

Meaning and Factors of production; Laws of production- Law of variable proportions and Laws of returns to scale.

  1. Forms of Market and price determination in different markets

Various forms of markets-Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly ad Price determination in these markets



  1. Indian Economy

Nature of the Indian Economy Role of different sectors-Role of Agriculture, Industry and Services-their problems and growth;

National Income of India-Concepts of national income, Different methods of measuring national income.

Population-Its size, rate of growth and its implication on economic growth

Poverty and unemployment- Absolute and relative poverty, types, causes and incidence of unemployment

Infrastructure-Energy, Transportation, Communication

  1. Economic Reforms in India

Economic reforms sice 1991; Liberalisation, Privatisation, Globalisation and Disinvestment

  1. Money and Banking Monetary/ Fiscal policy- Role and functions of Reserve Bank of India; functions of commercial Banks/RRB/Payment Banks

Budget and Fiscal deficits and Balance of payments

Fiscal Responsibility and Budget Management Act, 2003

  1. Role of Information Technology in Governance

 

COMBINED GRADUATE LEVEL EXAMINATION Paper IV, 2016

One Response to “COMBINED GRADUATE LEVEL EXAMINATION Paper IV, 2016”

  • PRAMOD KUMAR SINGH says:

    give some info about paper-iii
    how can we prepare for this?
    no books available.
    help us!!

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