Paper 3: Finance & Economics (AAO Post)
Topic-wise syllabus of Paper 3 (General Studies: Finance & Economics) for candidates preparing for the Assistant Audit Officer (AAO) post in SSC CGL.
Part A: Finance & Accounts (80 Marks)
- Nature, scope and limitations of Financial Accounting
- Basic concepts, Conventions & GAAP principles
- Single and double entry & Books of Original Entry
- Bank Reconciliation statement & Trial Balance
- Journal, ledgers & Rectification of Errors
- Trading, Profit & Loss A/c, Balance Sheet & Appropriations
- Capital vs Revenue Expenditure & Depreciation Accounting
- Valuation of Inventories
- Non-profit organisations Accounts & Bills of Exchange
- Self Balancing Ledgers
Part B: Economics & Governance (120 Marks)
- CAG of India (Constitutional provisions, role, duties)
- Finance Commission (Role and functions)
- Basic Concepts of Economics & Micro Economics (PPC, study methods)
- Theory of Demand and Supply & Consumer behavior
- Theory of Production and Cost (laws of returns)
- Forms of Market & Price Determination
- Indian Economy: National Income, Poverty, Unemployment, Agri/Services
- Economic Reforms in India since 1991 (LPG reforms)
- Money and Banking: RBI, Commercial banks, Monetary/Fiscal policy
- Role of Information Technology in Governance