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Best Books for SSC CGL Finance and Economics

Updated On -

Feb 25, 2021

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Sudeshna Bhar

Exams Prepmaster

Assistant Audit Officer is the only Gazette officer post through SSC CGL. It is a Group-B Gazetted Officer Post. Similar to other posts, candidates for this post are recruited through SSC CGL. However, candidates applying for Assistant Audit Officer are required to appear for additional Statistics and General Studies paper which includes Finance and Accounting along with Quantitative Ability and English Comprehension in SSCCGL Tier II.

Staff Selection Commission (SSC) conducts Combined Graduate Level Examination which includes the post of Assistant Audit Officer(AAO) in Indian Accounts Department under CAG in the scheme of Combined Graduate Level (CGL) Examination as well as Accountant/Junior Accountant in C&AG Offices and CGA.

SSC CGL Exam Pattern

Exam Pattern
Papers Subjects Questions Marks
4 General Studies(Finance and Economics) 100=(60+40) 200
3 Statistics 100 200
2 Quantitative Abilities 100 200
1 English Language & Comprehension 200 200

Paper-4 will be for those candidates who have applied for the post of Assistant Audit Officer (AAO) in C&AG. General Studies examination comprises of two parts, one is Finance and Accounts comprising of 40 questions carrying 80 marks and other is Economics and Governance comprising of 60 questions carrying 120 marks.

SSC CGL Finance and Accounts - (80 marks)

Finance and Accounts

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.

SSC CGL Economics and Governance (120 marks)

Economics and Governance
  • Comptroller & Auditor General of India - Constitutional provisions, Role and responsibility
  • Finance Commission - Role and functions
  • 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
  • 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.
  • Theory of Production and cost - Meaning and Factors of production; Laws of production- Law of variable proportions and Laws of returns to scale.
  • 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
  • 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
  • Economic Reforms in India - Economic reforms since 1991; Liberalisation, Privatisation, Globalisation and Disinvestment
  • 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
  • Role of Information Technology in Governance

Subject-wise Books for SSC CGL 2021

Subject-wise Books

The syllabus of Accounting & Finance and Economics & Governance cover a very crucial section of SSC CGL 2021 exam. Here are some books to preprare for these sections:

Subjects Name of Books Authors/Publishers
Accounting and Finance Accounting and Finance is Bankers’  Macmillan Education
SSC CGL Finance and Economics (Tier-II) Rph Editorial Board
Economics and Governance Indian Economy Ramesh Singh
NCERT Books of Class 11 & 12 NCERT

SSC CGL FAQs

FAQs

Ques. What is the best books for fiance and economics for beginners?

Ans. For beginners, NCERT books of class 11 & 12 are the best to prepare for SSC CGL 2021.

Ques. Is economics important for SSC CGL Tier-I 2021?

Ans. The economics section is important for those who had applied for the post of Assistant Audit Officer/ Assistant Accounts Officer as well as qualified the Tier-I. 

*The article might have information for the previous academic years, please refer the official website of the exam.

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