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IE-IFS Memory Tricks PRO Economic Planning in Indi…
Mnemonic: 'H-D First, Maha Second'. First Plan = Harrod-Domar (Agri focus). Second Plan = Mahalanobis (Heavy Industry focus).
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440 Views
5-Year Plan Models Mnemonic
Economic Planning in India & NITI Aayog 440
WA 440
IE-IFS Memory Tricks FREE An Overview of Indian Eco…
Mnemonic '50 to 3': India and China held 50.5% of global GDP in 1000 AD, but British rule dropped India's share below 3% by 1947.
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They often test the exact percentage drop. Just remember the British era wiped out almost all of India's historical global GDP dominance.
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310 Views
Maddison Database GDP Trick
An Overview of Indian Economy 310
WA 310
IE-IFS Memory Tricks FREE An Overview of Indian Eco…
Remember: India is a 'Lower-Middle Income' economy as per World Bank, NOT a 'Low Income' one. Don't let poverty perception trick you.
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Exam Trap: India's PCI of $1891 (2019 data) places it firmly in the lower-middle tier. Always choose Lower-Middle in MCQs.
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241 Views
World Bank Classification Trap
An Overview of Indian Economy 241
WA 241
IE-IFS Memory Tricks FREE An Overview of Indian Eco…
Hindu Rate of Growth is NOT about demography or religion; it is Prof. Raj Krishna's term for the slow 3.5% economic growth from the 1950s-1980s.
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Exam Trap: If you see 'Hindu Rate of Growth', immediately link it to 'Raj Krishna' and '3.5% stagnant growth rate'.
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191 Views
Hindu Rate of Growth Reality
An Overview of Indian Economy 191
WA 191
IE-IFS Memory Tricks PRO Evolution of Indian Econo…
Real-life link: Think of your bank. Decades ago it financed mostly agriculture; now it heavily funds IT and services. This is 'Structural Change'.
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136 Views
Understanding Structural Change
Evolution of Indian Economy & Structural Changes 136
WA 136
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IE-IFS Memory Tricks PRO Evolution of Indian Econo…
India faced 3 major economic shocks in 4 decades: 1991 BoP crisis, 2008 Global Financial Crisis, and 2020 COVID-19 pandemic.
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103 Views
The 3 Major Economic Shocks
Evolution of Indian Economy & Structural Changes 103
WA 103
IE-IFS Memory Tricks PRO Evolution of Indian Econo…
Exam Trap: During COVID-19 lockdowns, 'Agriculture' was the ONLY resilient sector showing positive growth, while services and industry contracted heavily.
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96 Views
COVID-19 Sector Anomalies
Evolution of Indian Economy & Structural Changes 96
WA 96
IE-IFS Memory Tricks PRO Economic Planning in Indi…
Plan Holiday was 1966-1969. Why? War and Droughts! The 1965 Indo-Pak war and severe droughts drained the nation's finances completely.
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80 Views
Plan Holiday Logic
Economic Planning in India & NITI Aayog 80
WA 80
IE-IFS Memory Tricks PRO Sectors of the Indian Eco…
Quaternary = 'Brain workers' (IT, R&D, Teachers). Quinary = 'Top Bosses' (Govt leaders, CEOs, Top policy makers).
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32 Views
Quaternary vs Quinary Sectors
Sectors of the Indian Economy 32
WA 32
IE-IFS Memory Tricks PRO Economic Planning in Indi…
Trap Warning: NITI Aayog has exactly TWO core hubs, not three. They are the 'Team India Hub' and the 'Knowledge and Innovation Hub'.
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28 Views
NITI Aayog Core Hubs Trick
Economic Planning in India & NITI Aayog 28
WA 28
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IE-IFS Memory Tricks PRO Sectors of the Indian Eco…
Color Tricks: Pink = Prawns/Pharma. Yellow = Oil Seeds. Blue = Fish/Aqua. Golden Fibre = Jute. Silver Fibre = Cotton.
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28 Views
Agricultural Revolutions Colors
Sectors of the Indian Economy 28
WA 28
IE-IFS Memory Tricks PRO Role of Priority Sector a…
Mnemonic for MSME limits: 1-5, 10-50, 50-250. (Investment vs Turnover in Crores). Both criteria MUST be met to qualify!
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26 Views
MSME Definition Number Rule
Role of Priority Sector and MSME in the Indian Economy 26
WA 26
IE-IFS Memory Tricks PRO Economic Reforms
CAMELS stands for: Capital, Asset quality, Management, Earnings, Liquidity, Systems.
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25 Views
CAMELS Acronym Trap
Economic Reforms 25
WA 25
IE-IFS Memory Tricks PRO Sectors of the Indian Eco…
The Great Indian Paradox: Agriculture employs over 50% of people but yields under 20% of GDP. Services yields >50% GDP but employs far fewer.
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23 Views
The GDP-Employment Paradox
Sectors of the Indian Economy 23
WA 23
IE-IFS Memory Tricks PRO Globalisation – Impact on…
GATT was replaced by WTO in 1995. Fact: India is a founding member of BOTH organizations from day one.
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WTO Founding Member Fact
Globalisation – Impact on India 23
WA 23
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IE-IFS Memory Tricks PRO Issues facing Indian Econ…
India's inequality is staggering: The Top 10% earn 57% of national income, while the bottom 50% earn a mere 13%.
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Extreme Wealth Inequality Stats
Issues facing Indian Economy 23
WA 23
IE-IFS Memory Tricks PRO Role of Priority Sector a…
PSL Target Trap: Domestic banks' target is 40%, but Regional Rural Banks (RRBs) and Small Finance Banks (SFBs) must hit a massive 75%!
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22 Views
PSL Target Trap for Banks
Role of Priority Sector and MSME in the Indian Economy 22
WA 22
IE-IFS Memory Tricks PRO Role of Priority Sector a…
Out of the 18% agriculture PSL target, exactly 10% is strictly reserved for Small and Marginal Farmers (SMFs).
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21 Views
Agriculture PSL Sub-targets
Role of Priority Sector and MSME in the Indian Economy 21
WA 21
IE-IFS Memory Tricks PRO Economic Reforms
Narasimham I (1992) = CPR for sick banks (CRR/SLR cuts). Narasimham II (1998) = Gym training for strong banks (Global Capital Adequacy).
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Narasimham I vs II Commitments
Economic Reforms 21
WA 21
IE-IFS Memory Tricks PRO International Economic Or…
IMF acts as the 'ICU Doctor' for short-term currency/BoP crises. The World Bank acts as the 'Nutritionist' for long-term development and poverty.
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21 Views
Bretton Woods Twins Roles
International Economic Organizations (World Bank, IMF, etc.) 21
WA 21
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IE-IFS Memory Tricks PRO International Economic Or…
India is a member of IBRD, IDA, IFC, and MIGA. India is NOT a member of ICSID (Investment Disputes).
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World Bank Group Exception
International Economic Organizations (World Bank, IMF, etc.) 21
WA 21
IE-IFS Memory Tricks PRO Climate change, Sustainab…
There are exactly 17 SDGs comprising 169 targets to be achieved by 2030. They replaced the MDGs in 2015.
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SDG Target Numbers
Climate change, Sustainable Development Goals (SDGs) 21
WA 21
IE-IFS Memory Tricks PRO Climate change, Sustainab…
CSR is legally mandated under Section 135 of the Companies Act, requiring exactly 2% of average net profits to be spent.
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21 Views
CSR Legal Mandate Basics
Climate change, Sustainable Development Goals (SDGs) 21
WA 21
IE-IFS Memory Tricks PRO Issues facing Indian Econ…
Jobless Growth: GDP rises, but employment stays flat. Why? Indian growth was led by capital/tech-heavy IT services, not labor-intensive factories.
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21 Views
The Jobless Growth Concept
Issues facing Indian Economy 21
WA 21
IE-IFS Memory Tricks PRO Infrastructure including …
NEP 2022 replaced the 34-year-old '10+2' school system with the new '5+3+3+4' structure. Memorize '5334' like a debit card PIN.
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20 Views
NEP 2022 Structure PIN Code
Infrastructure including Social Infrastructure 20
WA 20
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IE-IFS Memory Tricks PRO Infrastructure including …
Gati Shakti integrates exactly 16 Ministries (including Railways and Roadways) to create seamless multi-modal connectivity.
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PM Gati Shakti Scope
Infrastructure including Social Infrastructure 20
WA 20
IE-IFS Memory Tricks PRO Globalisation – Impact on…
Fair Globalisation relies on exactly 3 pillars: Economic development, Social development, and Environmental protection (ESG concept).
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19 Views
The 3 Pillars of Fair Globalisation
Globalisation – Impact on India 19
WA 19
IE-IFS Memory Tricks PRO Economic Reforms
LAF (Repo/Reverse Repo) manages daily, short-term liquidity. MSS (Market Stabilization Scheme) absorbs massive, long-term foreign capital surges.
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19 Views
LAF vs MSS Liquidity Tools
Economic Reforms 19
WA 19
IE-IFS Memory Tricks PRO Foreign Trade Policy, For…
FDI is absolutely banned in: Lottery, Gambling/Betting, Chit Funds, and the Real Estate Business.
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Prohibited FDI Sectors
Foreign Trade Policy, Foreign Investments and Economic Development 19
WA 19
IE-IFS Memory Tricks PRO Climate change, Sustainab…
India's pledged Net-Zero carbon emissions target year is 2070! (Not 2050 like many Western nations).
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India's COP26 Net-Zero Year
Climate change, Sustainable Development Goals (SDGs) 19
WA 19
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IE-IFS Memory Tricks PRO Foreign Trade Policy, For…
Greenfield = Building from scratch (Grass is green/new). Brownfield = Buying an existing, running company.
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18 Views
Greenfield vs Brownfield FDI
Foreign Trade Policy, Foreign Investments and Economic Development 18
WA 18
IE-IFS Memory Tricks PRO Globalisation – Impact on…
Protectionism is the 'Reverse Gear' of Globalisation. Tools include high Tariffs, Import Quotas, and domestic subsidies.
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16 Views
Deglobalisation & Protectionism
Globalisation – Impact on India 16
WA 16
IE-IFS Memory Tricks PRO Issues facing Indian Econ…
Overdependence on Agriculture: It employs ~54% of the workforce but yields ~18% of GDP. Result = Disguised Unemployment.
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Disguised Unemployment Reality
Issues facing Indian Economy 16
WA 16
IE-IFS Memory Tricks PRO International Economic Or…
Mnemonic 'YE PUD': Yen, Euro, Pound, US Dollar, and (Chinese) Dollar/Renminbi.
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15 Views
SDR Basket Currencies Trick
International Economic Organizations (World Bank, IMF, etc.) 15
WA 15
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JAIIB Memory Tricks 2026

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All 34 cards on this page
5-Year Plan Models Mnemonic Mnemonic: 'H-D First, Maha Second'. First Plan = Harrod-Domar (Agri focus). Second Plan = Mahalanobis (H… Maddison Database GDP Trick Mnemonic '50 to 3': India and China held 50.5% of global GDP in 1000 AD, but British rule dropped India'… World Bank Classification Trap Remember: India is a 'Lower-Middle Income' economy as per World Bank, NOT a 'Low Income' one. Don't let… Hindu Rate of Growth Reality Hindu Rate of Growth is NOT about demography or religion; it is Prof. Raj Krishna's term for the slow 3.… Understanding Structural Change Real-life link: Think of your bank. Decades ago it financed mostly agriculture; now it heavily funds IT… The 3 Major Economic Shocks India faced 3 major economic shocks in 4 decades: 1991 BoP crisis, 2008 Global Financial Crisis, and 202… COVID-19 Sector Anomalies Exam Trap: During COVID-19 lockdowns, 'Agriculture' was the ONLY resilient sector showing positive growt… Plan Holiday Logic Plan Holiday was 1966-1969. Why? War and Droughts! The 1965 Indo-Pak war and severe droughts drained the… Quaternary vs Quinary Sectors Quaternary = 'Brain workers' (IT, R&D, Teachers). Quinary = 'Top Bosses' (Govt leaders, CEOs, Top policy… NITI Aayog Core Hubs Trick Trap Warning: NITI Aayog has exactly TWO core hubs, not three. They are the 'Team India Hub' and the 'Kn… Agricultural Revolutions Colors Color Tricks: Pink = Prawns/Pharma. Yellow = Oil Seeds. Blue = Fish/Aqua. Golden Fibre = Jute. Silver Fi… MSME Definition Number Rule Mnemonic for MSME limits: 1-5, 10-50, 50-250. (Investment vs Turnover in Crores). Both criteria MUST be… CAMELS Acronym Trap CAMELS stands for: Capital, Asset quality, Management, Earnings, Liquidity, Systems. The GDP-Employment Paradox The Great Indian Paradox: Agriculture employs over 50% of people but yields under 20% of GDP. Services y… WTO Founding Member Fact GATT was replaced by WTO in 1995. Fact: India is a founding member of BOTH organizations from day one. Extreme Wealth Inequality Stats India's inequality is staggering: The Top 10% earn 57% of national income, while the bottom 50% earn a m… PSL Target Trap for Banks PSL Target Trap: Domestic banks' target is 40%, but Regional Rural Banks (RRBs) and Small Finance Banks… Agriculture PSL Sub-targets Out of the 18% agriculture PSL target, exactly 10% is strictly reserved for Small and Marginal Farmers (… Narasimham I vs II Commitments Narasimham I (1992) = CPR for sick banks (CRR/SLR cuts). Narasimham II (1998) = Gym training for strong… Bretton Woods Twins Roles IMF acts as the 'ICU Doctor' for short-term currency/BoP crises. The World Bank acts as the 'Nutritionis… World Bank Group Exception India is a member of IBRD, IDA, IFC, and MIGA. India is NOT a member of ICSID (Investment Disputes). SDG Target Numbers There are exactly 17 SDGs comprising 169 targets to be achieved by 2030. They replaced the MDGs in 2015. CSR Legal Mandate Basics CSR is legally mandated under Section 135 of the Companies Act, requiring exactly 2% of average net prof… The Jobless Growth Concept Jobless Growth: GDP rises, but employment stays flat. Why? Indian growth was led by capital/tech-heavy I… NEP 2022 Structure PIN Code NEP 2022 replaced the 34-year-old '10+2' school system with the new '5+3+3+4' structure. Memorize '5334'… PM Gati Shakti Scope Gati Shakti integrates exactly 16 Ministries (including Railways and Roadways) to create seamless multi-… The 3 Pillars of Fair Globalisation Fair Globalisation relies on exactly 3 pillars: Economic development, Social development, and Environmen… LAF vs MSS Liquidity Tools LAF (Repo/Reverse Repo) manages daily, short-term liquidity. MSS (Market Stabilization Scheme) absorbs m… Prohibited FDI Sectors FDI is absolutely banned in: Lottery, Gambling/Betting, Chit Funds, and the Real Estate Business. India's COP26 Net-Zero Year India's pledged Net-Zero carbon emissions target year is 2070! (Not 2050 like many Western nations). Greenfield vs Brownfield FDI Greenfield = Building from scratch (Grass is green/new). Brownfield = Buying an existing, running compan… Deglobalisation & Protectionism Protectionism is the 'Reverse Gear' of Globalisation. Tools include high Tariffs, Import Quotas, and dom… Disguised Unemployment Reality Overdependence on Agriculture: It employs ~54% of the workforce but yields ~18% of GDP. Result = Disguis… SDR Basket Currencies Trick Mnemonic 'YE PUD': Yen, Euro, Pound, US Dollar, and (Chinese) Dollar/Renminbi.
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