SSC CGL 2022 Tier-2 Exam: Check General Studies-Finance & Economics Important Topics (Paper 4-200 Marks) for Assistant Audit Officer/ Assistant Accounts Officer Post Only

Archana Shandilya

Updated: Jan 25, 2022 18:59 IST

In this article, we are going to share the detailed Syllabus and important topics for Paper-4, i.e., General Studies (Finance & Economics) of SSC CGL Tier-2 2022 Exam:

SSC CGL Tier-2 2022 Paper-4: General Studies-Finance & Economics Important Topics

Paper-4/General Studies-Finance and Economics of SSC CGL Tier-2 2022 Exam will be for only those candidates who had applied for the post of Assistant Audit Officer/ Assistant Accounts Officer and who are shortlisted in Tier-I for this Post/Paper. The exam will be conducted in online mode consisting of 100 Objective Multiple Choice Questions (MCQs) of total 200 Marks. The Exam duration for SSC CGL Tier-2 2022 General Studies-Finance and Economics Paper-4 is 2 Hours and there will be negative marking 0.50 marks for wrong answers.

The questions asked in the Paper-4 of the SSC CGL Tier-2 Exam will be of Graduation Level. The exam duration is 2 hours and 40 minutes for candidates who are visually handicapped.

Check SSC CGL Tax Assistant CBEC & CBDT Salary/ Job Profile/ Promotion Policy

Here is the detailed list of topics covered in Paper-IV - General Studies (Finance and Economics):

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)

2. Comptroller & Auditor General of India - Constitutional provisions, Role and responsibility
3. Finance Commission - Role and functions
4. 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
5. 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.
6. Theory of Production and cost - Meaning and Factors of production; Laws of production- Law of variable proportions and Laws of returns to scale.
7. 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
8. 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
  9. Economic Reforms in India - Economic reforms since 1991; Liberalisation, Privatisation, Globalisation and Disinvestment
  10. 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
  11. Role of Information Technology in Governance

Click here to get the SSC 2022-23 Exam Calendar

After going through the above mentioned important General Studies (Finance & Economics/ Paper-4) topics of the SSC CGL Tier-2 2022 Exam, the next step is to create a study plan and start working on it. For instance, start your practice by solving some previous year question papers and analyse your strong & weak points. Regular practice will help in achieving accuracy and a high score in the exam.