SSC CGL TIER II EXAM General Studies (Finance and Economics) Optional SYLLABUS

Candidates who chose Assistant Audit Officer Post should take the Paper IV of the CGL Tier 2 Exam mandatorily. The paper is for 200 marks and consists of 100 questions. Find below the detailed syllabus of General Studies (Finance and Economics) optional paper for Assistant Audit Officer.

General Studies (Finance and Economics)

Optional for others but compulsory for candidates who opt for Assistant Audit Officer

100 Questions

200 Marks


The General Studies (Finance and Economics) Optional Paper has two sections i.e. Finance and Accouonting


No. of Questions


Finance and Accounting



Economics and Governance






Below given is the detailed syllabus of the GS (Finance and Economics) optional paper of Tier II Exam.


  • Nature and Scope of Financial Accounting
  • Limitations of Financial Accounting
  • Basic Concepts and Conventions
  • Generally Accepted Accounting Principles
  • Single and double entry – Concept and Numerical Questions
  • Books of original Entry – Concept and Numerical Questions
  • Bank Reconciliation
  • Journal – Concept and Numerical Questionsv
  • Ledgers – Concept and Numerical Questions
  • Trial Balance – Concept and Numerical Questions
  • Rectification of Errors – Concept and Numerical Questions
  • Manufacturing – Concept and Numerical Questions
  • Trading – Concept and Numerical Questions
  • Profit and Loss Appropriation Accounts – Concept and Numerical Questions
  • Balance Sheet Distinction between Capital and Revenue Expenditure
  • Depreciation Accounting – Concept and Numerical Questions
  • Valuation of Inventories – Concept and Numerical Questions
  • Non-profit organizations Accounts
  • Receipts and Payments and Income and Expenditure Accounts
  • Bills and Exchange
  • Self-Balancing Ledgers

Economics and Governance

  • Constitutional provisions, Role and responsibility of comptroller and Auditor General of India
  • Finance Commission Role and Functions
  • Definitions of Economics and Micro Economics
  • Scope and nature of Economics
  • Method of economic study and central problems of an economy and production possibilities curve
  • Meaning and determinants of demand
  • Price, income and cross elasticity
  • Theory of consumers’ behavior – 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 Oliogopoly and Price Determination in these markets
  • 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
  • Population – its size, rate of growth and its implication on economic growth
  • Infrastructure Energy, Transportation and Communication
  • Economic reforms since 1991 – Liberalization, Privatization, Globalization and 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
  • Role of information Technology in Governance