{Test-3} Vajiram & Ravi Prelims Test Series 2026 PDF

Vajiram & Ravi PowerUp Prelims Test Series 2026 – Test 3 (Economics I) PDF | Syllabus, Topics & References

The Vajiram & Ravi PowerUp Prelims Test Series 2026 continues with Test 3, scheduled for 3rd August 2025, focusing on Indian Economy – Part I.

This test is designed to strengthen your understanding of basic and applied economic concepts, crucial for both UPSC Prelims and Mains (GS Paper III). It combines NCERT fundamentals with contemporary policy updates, ensuring complete conceptual clarity on India’s macroeconomic and fiscal framework.

🧾 Test 3 Overview

Details	Information
Test Code	V7703
Test Date	03 August 2025
Subject	Indian Economy – Part I
Type	Sectional Test
Mode	Online & Offline
Coverage	Basic Concepts, Fiscal Policy, Banking, Inflation, Employment
No. of Questions	100 MCQs

📚 Syllabus Coverage

Part A – Core Economic Concepts

• Basic Economic Terms and Definitions
• Central Problems of an Economy: What, How, and For Whom to Produce
• Types of Economies: Capitalist, Socialist, Mixed
• Demand, Supply, Elasticity, and Price Mechanisms

Part B – Micro and Macroeconomics

• Microeconomic principles and market structures
• Macroeconomic aggregates: GDP, GNP, NDP, and NNP
• National Income Accounting – methods and limitations
• Circular flow of income and economic indicators

Part C – Money, Banking & Monetary Policy

• Evolution and functions of money
• Reserve Bank of India – roles and instruments of monetary policy
• Commercial banking system, credit creation, and financial inclusion
• Monetary policy tools – Repo, Reverse Repo, CRR, SLR, OMOs, MSF, etc.
• Recent RBI measures on inflation management and growth balance

Part D – Public Finance & Fiscal Policy

• Concepts of Budget, Deficit, and Fiscal Discipline
• FRBM Act – objectives and amendments
• Centre–State fiscal relations
• Types of taxation and structure of India’s tax system
• Subsidies, grants, and fiscal transfers
• Fiscal consolidation and impact of Budget 2025–26

Part E – Capital and Financial Markets

• Capital Market: Primary and Secondary markets
• Money Market instruments – Treasury Bills, Commercial Papers, Certificates of Deposit
• Role of SEBI, RBI, NABARD, and other financial institutions
• Regulatory reforms and financial sector initiatives

Part F – Socio-Economic Dimensions

• Inflation – causes, types, measurement (WPI, CPI, GDP Deflator)
• Employment and Skill Development schemes
• Poverty and Inequality: measurement, causes, and policy responses
• Economic inclusion, gender gap, and sustainable livelihoods

📖 Reference Sources

Primary References

• NCERT Class XI: Indian Economic Development
• NCERT Class XII: Macroeconomics & Microeconomics
• Vajiram Yellow Book: Indian Economy
• *Union Budget & Economic Survey of India (2025–26)

Secondary References

• Official websites of RBI, SEBI, NABARD, and NITI Aayog
• Government data portals like Arthapedia, PRS India, PIB
• Current Affairs from The Hindu, Indian Express, Business Standard, Livemint, Yojana, and Kurukshetra
• Recitals by Vajiram (monthly updates)

🎯 Objectives of Test 3

• Strengthen conceptual clarity on economic fundamentals
• Develop the ability to link economic theory with current affairs
• Prepare for UPSC’s application-based and data-driven economy questions
• Build confidence in tackling tricky numerical or fact-based economy questions

🗓️ Key Topics to Revise Before the Test

1. National Income and related aggregates
2. Inflation and its recent trends in India
3. Monetary policy framework and RBI reports
4. Fiscal deficit, FRBM Act, and tax reforms
5. Money market vs capital market
6. Employment data and labour reforms
7. Poverty estimation and committees (Tendulkar, Rangarajan)
8. Major government schemes on skill and financial inclusion
9. Economic Survey 2025–26 key highlights
10. Current macroeconomic indicators – GDP growth, inflation rate, fiscal deficit

💡 Vajiram & Ravi Mentorship Support

• Concept Booster Class: Pre-test macroeconomics revision
• Discussion Forum: Analysis of Economic Survey and Budget 2025–26
• Performance Analytics: Topic-wise score tracking on Vajiram portal
• Recital Integration: Incorporating current policy updates into test design

📥 Download Section

📘 Download Vajiram & Ravi Prelims Test Series 2026 – Test 3 PDF (Economics I)

🧩 Expert Preparation Tips

1. Revise NCERTs (Class XI & XII) thoroughly before attempting.
2. Prepare summary notes from Economic Survey 2025–26 and Budget Highlights.
3. Follow RBI monthly bulletins for latest policy trends.
4. Focus on conceptual understanding rather than rote memorization.
5. Practice UPSC PYQs (2013–2024) on inflation, banking, and fiscal policy.
6. Read Vajiram Recitals Economy Section for current developments.

Conclusion

The Vajiram & Ravi Prelims Test 3 – Economics I (3 August 2025) aims to consolidate your grasp of core economic concepts and their policy applications.

With a balance of NCERT clarity, Vajiram analytical content, and real-world economics, this test serves as an essential foundation for upcoming papers on the Indian Economy.

Stay tuned to UPSCClub.com for test analysis, downloadable PDFs, and preparation strategies for each upcoming Vajiram PowerUp Test.