Absolutely Essential 550 MCQs of Economy for Prelims 2024 | Concept Building with Satyam Jain

telegram.me/UnderStandUPSC
This is the first lecture in a series of 550 Economy MCQs by Vivek Singh Sir.
It is an absolute must for UPSC Prelims 2024 as Economy amounts to 40 Marks.
This will be a single stop solution for all Economy related concepts

[@UnderStandUPSC]

t.me/UnderStandUPSC

[@dbt01]

Q9. Statement 4 is given correct in solution gnp is gdp NFIA ????

[@rakeshchoudhary5968]

28 questions ka ans D diya hua hae

[@ishtiyaqhussain1191]

Answer of question 23 should be -I’ve because of the of marginal diminishing returns

[@akashdubey4517]

Sir ,Subsidy is not part of gdp or ni bcs it is a transfer income

[@aloknishad1285]

28:59 Ques.7 national income =NNP@FC

[@SKMhrn02]

revising for 4th time @2x simultaneously solving the mcqs ....Your student from HY RISE initiative. Thanks a lot sir for everything.

[@atul.binda.mithlesh]

I have solved roughly 100 questions from these 550 questions and every question is worth it .

[@gaurav5911]

They are too conceptual and analytical. UPSC will not ask such questions much. I've also solved 250 questions and enjoy these highly logical questions but eventually I realised such questions aren't asked. So, I diversified my question bank resources.

[@nehasinghrajput8200]

​@@gaurav5911 so should one go for testseries only or this book will help acing things??

[@sandiprathod4686]

​@@nehasinghrajput8200 I think go with PYQ's

[@nehasinghrajput8200]

@@sandiprathod4686 I have solved pyq but now for practice I need ques

[@adityapratapsingh3624]

​@@gaurav5911 what are your diversified sources

[@sangamposwal4771]

Some people come into life like a blessing 🥳🥳🥳👍👍👍👏👏

[@graduatedmaths]

So true

[@Ratnamrecommend]

Sir, aapne itne achhe se padhaaya ki Concepts ke revision ke saath saath clarity bhi aagayi.
Bahut bahut dhanyawad sir.🙏🏻🙏🏻

[@SaachinKVerma]

00:02 Concept Building with Satyam Jain covers essential Econonomy topics.
03:23 Discussion on Agriculture Accelerator
07:21 Understanding the concept of value addition and GDP calculation
09:22 Understanding Factors of Production
14:02 Understanding the inclusion of informal activities in GDP calculation
15:54 Understanding the impact of exports on GDP calculation
19:42 Understanding the relationship between inflation and GDP
21:33 Understanding the Impact of Nominal and Real GDP on Economic Growth
25:41 Understanding the significance of Real GDP in the economy
27:46 Understanding the rate of growth in the economy
33:49 Understanding the concepts of export and import in the economy
35:35 Discussing the impact of production and income on a country's welfare
39:19 Understanding Transfer Payments in Economy
41:43 Understanding the concept of production and consumption goods
45:49 Impact of saving rate on consumption and investment
47:45 Importance of capital formation in economy
52:28 Understanding the relationship between capital and output
54:41 Understanding capital output ratio and its impact on production
58:20 Understanding capital output ratios and their impact
1:00:37 Understanding the impact of investment and output on economic growth
1:04:09 Understanding the per unit cost of production
1:06:24 Full utilization after capital addition
1:09:42 Importance of Capital Formation in Economic Growth
1:12:05 Importance of capital formation in economic growth
1:16:12 Understanding wholesale price index and sectors
1:17:47 Understanding the link between salary, inflation, and price index.
1:23:04 Understanding the concept of necessity products and income elasticity
1:25:44 Understanding the Export and Import Dynamics
1:29:46 Calculation of indexing and understanding export units
1:31:41 Open economy's minimal impact on world GDP
1:36:03 Concepts of petroleum products and capital formation
1:37:49 Understanding key concepts and objective points in Economics
Crafted by Merlin AI.

[@UnderStandUPSC]

Awesome

[@naquijilani5211]

Thanks buddy

[@naquijilani5211]

Thanks buddy👍🏻

[@11SHADOWS22]

Thank you

[@prachirajput6521]

Bhaiya, que no. 7 mein aapne btaya national income=nnp @market price but according to ncert and other website, national income = nnp@ factor cost

[@ayushdubey1821]

Market price is the new measurement criterion

[@arvindnirvan8726]

Sir g ( emotionally " Bhaiya")....kya miracle h aaapke andaz-e- bayaan me ...gzbb ki khusi and conceptual understanding ho rhi economics ki aapse pdh k...kahna to nhi chahiye but aap IAS bno n bno ....bna jrur denge bahuto ko...u may not be a king but certainly u r a king maker....lots of love to u

[@Ashuuutoshhh]

We love you more than your girlfriend ❤

[@deepika3933]

Who is his girlfriend?

[@user-mi4wf2wx9k]

Hope your gf reeads it😂😂, btw just joking hehe, no offense , we love styam sir too very much

[@prajjwalpandey6709]

Bro. Ashutosh is Sigma single 😂😂​@@user-mi4wf2wx9k

[@shaanpaul484]

Bhai control.. itna bhi pyaar sahi nhi.

[@adarshrathiiiiiiiiiiiii]

😂ye kesi sautan bngye bhai

[@raghavjha9521]

DEEP DIVING THROUGH THE CONCEPTS. WOW ! WHAT EXPLAINED.!

[@sai62789]

Ati sundar video❤️🙌

[@deepkaur7933]

What I realized after this video is although having conceptual clarity still I get some answers wrong and the problem lies in my way of approaching them, I miss out on words like could, necessarily, will and these words guide the direction of questions, and another learning was keeping question similar and keeping industry and machine in mind. Thankyou Sir for guiding and teaching so wonderfully..

[@ubaidrasool4261]

1:13:47 pe sir ko thodi se hansie aate hei , .... Samjai kuch😂

[@manjushri4015]

So clear in concepts and application.. my aversion for economics is gone..thank you so much sir

[@kamalikanag1570]

Bht ache se concept clear ho gya. Thank u sir🙏

[@prasad5066]

Great session very helpful...pls complete this series asap

[@Shriya-01]

Thank u sir 🙏 appreciate the calmness with which u explained every basic point...very helpful...crystal clr 💯

[@alwayscool2024]

Sir apki voice is like all RJ fails in front of you 🙏🙏great and your knowledge and way of explaining things is like mind blowing for us😊

[@UnderStandUPSC]

Thanks a ton

[@maira0701]

agreed 😅

[@tanvisawant567]

Thankyou so much Sir! Grateful!
✨️💐

[@rajminderkaur3923]

Thank you sir 🙏 after watching this lecture all doubts are crystal clear and get more conceptual clarity.

[@akshatmangal4124]

Very helpful lecture . Cleared altmost all confusion thank you

[@ashutosh19320]

Great session ❤❤
Thank you for providing this🙏🙏

[@DivyaChoudhary22]

Wonderful session 🎉Thank you Sir for making such high efforts for us🙏❤

[@vandanapatidar7770]

thank you soo much sir....its extremely helpful for us.

[@ankitshukla6910]

Thank you so much, sir. Grateful.

[@SKMhrn02]

thank you so much sir..revising it for 2nd time.

[@Meghna1996]

Completed the whole session.
Satyam bhaiya is unparallel!

[@SURABHI-ht5un]

Thank you so much, Sir 🙏
Very helpful ... All doubts cleared Sir 😊

[@shayanisarkar9619]

Thank you so much sir for this video
It cleared my concept.

[@r.krishnaveni885]

Thank you so much sir. I am blessed. ❤

[@foodieanyday]

Conceptual clarity that we get after watching your videos🔥🔥😃🙏
Thank you sir😊👍

[@YEWALE297]

Truly a useful video ! Thankyou sir for gearing us up for uncertainties of economy 👍🏻

[@Aspirantt847]

Thank you Satyam sir... Watching it second time for the revision

[@adityasapkale1428]

Very Nice Lecture Sir, ♥️
Able to build the conceptual understanding regarding the topic .
Thank You 😊

[@chamd1994]

Thank you sir❤❤all doubts cleared.

[@indiasoulandknowledge126]

Thank you very much sir.

[@avnigupta1210]

Thank you so much bhaiya for this amazing series....It really helps a lot in building concepts with clarity.

[@rajivsharma9462]

Thankyou so much sir, you are blessing for me 🙏🙏

[@SOUMYAACHARYA006]

Lucid explanation ,building understanding of concepts.The way u explain things, makes them easy.

[@shwetakumari5732]

Thankyou very much Sir.. isko pdhne ke baad lgra hai ki Economics toh srf ques krke hi revise hojayegi. No handouts, No notes, Just your dedicated lectures.

[@shaifalisharma2473]

excillent many concepts cleared

[@battalaraviteja]

thank you, anna. economy is my favourite from now

[@krishna_mandaliya21]

THANK YOU satyam bhaiyaa..

[@farhin_akhtar]

thankuuu so muchh satyam sir... 🌟
brilliant series 🙌

[@tanujaverma9952]

Thankyou so much Sir... Ache se revise ho gaya sab🙏😇

[@abhishekbajpai3864]

Tahe....dil se sukriyaa sir jii❤❤❤

[@harshitgandhi5131]

Wonderful session 😊

[@Kkhusshhii]

Great session👍

[@Devi_Audiobooks]

Sir you stand true to your name🔥Upsc k सत्य se hame parichit krwane ke liye shukriya 🙏🏻

[@ganeshkadam3735]

Very helpful…Thank you sir

[@ishubainada]

thanku so much satyam sir
really most helpful lectures ☺☺☺

[@vandnachaturvedi6899]

Sir u r the best one❤..nd ur way of explaining the topics.. wonderful.... thankyou so much ❤aapki voice se mind me positivity aati h ✨

[@kiddiecorner.]

Thank you very much sir it's really help full 👍

[@shrutityagi4011]

Thanku so much sir .... Our country needs more PPL like u ❤

[@istutichamoli997]

Very fruitful session ❤.. thankyou for wonderful session sir

[@himanshuverma002]

This is an amazing session...Thanks Sir....

[@yadavtannu7836]

Thank you sir ❤
God will bless uhhhhh foreverrrrr ❤

[@yashkumar2285]

thankyou sir for the effort

[@advaithg9378]

Thanku sir. very helpful 🙏🙏

[@himanshuverma002]

This session is very helpful for us.. Thanks for guiding us ...🙏🙏🙏🙏

[@richaarya4914]

A great session of economy.. thank you so much sir.😊

[@Unstoppable745]

Thank you so much sir!! 🌈✨

[@mansimaholia7077]

watching these videos again, thank you so much sir

[@VipulChander]

Great! Thank you

[@sunkour6721]

Thanku sir great initiative

[@ashxek]

Thank you Sir. Session gave more conceptual clarity. Confusion kamm hue. Revision acha hua. Thanks a lot for your geniune efforts at last lap of our prelims preparation.

[@Unseendelhii]

Topics to read
-Icor
-marginal productivity of capital
-CPI and WPI
-GDP Deflator
-income elasticity of demand
- term of trade
-balance of payment
-

[@moodchanger8888]

Thank you bhaiya….very useful session ❤😊

[@saanchisingh8544]

Thank you sir lecture se hi doubts clear hogye majorly
Highly grateful

[@aka__kkaptaan]

Thank you sir 🙏

[@pushkarbisht5113]

thanks for the session.

[@deepak2332]

Thank you sir

[@saveriii]

This filled all the conceptual gaps of Chapter1 so perfectly. Thank you Sir.

[@saymaansari1033]

Thank you so much sir 🙏😊❤

[@kajalchouhan3611]

Thank you so much sir ...a very good morning 🌞🎉

[@aleya__5599]

Thank you sir for this wonderful video🙏__Being a Eco phobia student learning alot from you aapke ek ek ans ko dhyan se sun rhi hu or note down kr rhi.

[@jahanvi6809]

Satyam Bhaiya, You are the greatest person I have seen in my life. Lots and lots of respect to you. Thank you.😍🙏

[@naquijilani5211]

God bless you sir.....as exam is near things are getting complicated
And here I got your videos...which is a boon for me...
Once again thank you 😊

[@tusharsrivastava5165]

Sir question no.7 28:52 answer should be nnp at factor cost can you please confirm it..

[@deekshamishra3916]

Yes same doubt!!

[@khedhareeswari4700]

@@deekshamishra3916 that is old we use to calculate nnp@fc but @2015 we decided to follow the report of UN system of accounts it suggests the basic prices
in the sense govt provides subisidy and put tax at the production time and at the consumption time they give subsidy and tax so in between production and product we need to take so we took Gross value added@basic price and gdp @market price to calculate national income
in simple product method gdp=all final goods and services produced/year so final goods ->market price

[@deekshamishra3916]

Thanks@@khedhareeswari4700 for helping! I'll make a note of this :)

[@spiritualseeker999]

Thankyou sir😊

[@deepikayadav9910]

Long video.....but totally worth it.....thank u sir❤

[@sharadabudhwant8826]

Thank you

[@nikitaojha1809]

I wish ye sab pehle aati life me
Can't thank you enough sir . What an explanation sir .
Upsc selection ka to nai pata but aapse better explanation aur teacher maine to nahi dekha ab tak isse pehle . ❤🙏🏻

[@shanumanhas9474]

Thanku so much sir❤

[@kanchankannojia3264]

sir i have followed the strategy as per you schedule it is literally going good...thankyou sir

[@tinapasrija]

Thank you sir❤

[@prachitomar3688]

Thank you so much Sir 😇

[@ese-kese]

thank you satyam sir for such a analytical lecture for all of us really appreciated your efforts really worth it for understanding concept after reading sir's book
regards 😊❤

[@priyachaddha15]

Great video sir ❤

[@vaishalishaktawat-cp1mf]

sir just wanted to say, you are like a blessing for many students thankyou so much sir ji 😇

[@Vigorous_114]

Thankyou so much sir ❤

[@Learning_mind786]

Sir, Q18 statement 3 is marginal productivity of capital (MPk )which is inverse of ICOR thats why it is wrong 55:43

[@rakhidhiman9968]

I don't know Sir, the more I listen to you, the calmer and certain this upsc preparation gets. After I plug in your lectures, all exam worries are forgotten and the process of learning starts with no other thoughts. Can't express how big of an asset you are to this upsc community. One thing, you are best at, is INSPIRING PEOPLE. and thank you so much for doing that, it is very much needed and appreciated. ❤❤❤

[@jaysuryagoyal]

Thanks u it's done ✅😊
Achha samjhaya
Thanks u 😊🙏

[@snehil201]

Thank you! 🙏

[@bts_1999_jiminpark]

2nd time revising economy thru. Mcqs ❤ thank u so much SJ sir for the series😊 #economysedarnanahihai.

[@ASHISH-dn3bs]

Thank you Satyam Bhaiya❤

[@upscaspirant0]

Thnku sir😊😊

[@user-nq8rg7ve8r]

Feeling sorry for doing these lectures late... But taking from here lots of understanding, way of thinking during solving eco questions,
Which will keeping me out from just rotting down concepts, as I am doing earlier.
🙏Thank you sir. Completing all lectures very soon

[@MANISHAPATEL-it2yp]

Thank you so much sir

[@himanshuverma002]

Thanks SIR.....🙏