Best Books for SSC CGL Finance and Economics

Finance and Economics is the third paper in SSC CGL Tier 2 exam. It is conducted for the candidates who apply for Assistant Audit Officer posts. AAO is the only Gazetted officer post under SSC CGL.

Candidates applying for Assistant Audit Officer are required to appear for Paper 1 which includes Quantitative Ability, Reasoning, General Awareness, Data Entry, Computer Proficiency, and English Comprehension in SSC CGL Tier 2.

Subject-Wise Books for SSC CGL

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

SSC CGL Exam Pattern

SSC CGL Exam Pattern is different for Tier 2. The marking scheme and syllabus differ from post to post. The detailed SSC CGL Tier 2 Exam Pattern is given here:

Paper 3 (General Studies) is for those candidates who have applied for the post of Assistant Audit Officer (AAO) in C&AG. General Studies examination comprises two parts, one is Finance and Accounts comprising of 40 questions carrying 80 marks and the other is Economics and Governance comprising of 60 questions carrying 120 marks. 

SSC CGL Finance and Accounts Syllabus

Fundamental Principles and Basic Concept of Financial Accounting: Nature and Scope, Limitations of Financial Accounting, Basic Concepts and Conventions, Generally Accepted Accounting Principles. 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 Syllabus

• 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 for 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

SSC CGL FAQs