SSC CGL 2020 NEWS
NATIONAL LEVEL ONLINE/OFFLINE TEST
Assistant Audit Officer is the only Gazette officer post through SSC CGL. It is a Group-B Gazette Officer Post. Similar to other posts, candidates to 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.
|4||General Studies(Finance and Economics)||100=(60+40)||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.
Finance and Accounts is the first part of the general studies paper which is of 80 marks. Following are the topics covering the syllabus for the Finance and Accounts:
Topics important from the financial accounting subject is nature and scope, limitations of financial accounting, basic concepts and conventions, generally accepted accounting principles.
Basic concepts of Accounting
Few of the important topics to cover the basic concepts are Single and double entry, Books of original Entry, Bank Reconciliation, Journal, Ledgers, Trial Balance, Rectification of Errors, Manufacturing, Trading.
Other topics includes 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.
Finance and Accounts Important Topics with Preparation Tips
With a few preparation tips, one can easily score good marks in this part of the paper. Following tips must be followed by the aspirants as guidance for better preparation:
Book Recommended for Finance and Accounts
The book recommended for Accounting and Finance is Bankers’ by Macmillan Education
Economics and Governance is the second part of the general studies paper which is of 120 marks. Following are the topics covering the syllabus for the Economics and Governance:
Constitutional provisions, Role and responsibility
Important topics from Finance commission are its role and functions, basic concept of Economics and introduction to Micro Economics, definition, scope and nature of Economics, methods of economic study, central problems of an economy, production possibilities curve
It includes topics such as 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.
Meaning and Factors of production, Laws of production- Law of variable proportions and Laws of returns to scale.
Various forms of markets-Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly ad Price determination in these markets
Topics covered in Indian Economy are 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.
Other topics include 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 since 1991, Liberalisation, Privatisation, Globalisation, Disinvestment
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
One must give more emphasis in macro economics on understanding Graphs related concepts ( for example graph on Marginal cost, Shut down point, demand and supply, monopoly, oligopoly, monopolistic, perfect competition curve in short as well as long run, PPC, budget line, IC )
The main book recommended for the preparation of Economics and Governance is Indian Economy by Ramesh Singh
The following table represents the cut off for different post with category wise bifurcation.
|Accountant/Junior Accountant C&AG Offices||426.75||410||363.75||348.25|
|Accountant/Junior Accountant CGA & others||-||408||361.75||347.25|
|Auditor in C&AG Offices||430.25||412.5||368||351.5|
|Auditor in Offices under CGA & Others||432.5||421||378.75||369|
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