Syllabus and Books for Paper-IV GS(Finance and Economics) for AAO

This year Staff Selection Commission (SSC) has included the post of Assistant Audit Officer in Indian Accounts Department under CAG in the scheme of Combined Graduate Level (CGL) Examination 2016. Assistant Audit Officer is the only Gazetted officer post in SSC CGL 2016. It is a Group-B Gazetted Officer Post. Post Code : F Post Name : Assistant Audit Officer AAO Vacancy in SSC CGL 2016 for : 1000 Posts UR-505         OBC-270            SC-150              ST-75  Job Profile : The basic duty of an AAO is to audit the accounts of Central government, State Governments, Public Sector oganisations and other Corporations. Audit means an official inspection of an organization’s accounts. An AAO need to assist the audit officer and Senior Audit officer in conducting various departmental audits. The audit involves various financial and economic aspects, and the performance and adherence of various organizations and departments.  =&0=&  a) Essential Qualifications: Bachelor’s Degree from a recognized University or Institute.  b) Desirable Qualifications for the Post of Assistant Audit Officer: Chartered Accountant or cost & Management Accountant or Company Secretary or Masters in Commerce or Masters in Business Studies or Masters in Business Administration (Finance) or Masters in Business Economics. Those who apply for the post of Assistant Audit officer will have to appear for an additional paper in SSC CGL namely General studies (Finance and Economics). The combined marks of tier I, tier II and this third paper will be used for recruiting the candidates. So the total marks will be 800. Those who do not possess the desirable qualification can also apply for the post of AAO. So B.Tech, BSc, and other Bachelor’s degree candidates can also apply for the post but they need to prepare well for the Finance and Economics paper in order for crossing the cutoff. =&1=& The paper consists of two parts Part A: Finance and Accounts-(80 marks) Part B: Economics and Governance-(120 marks) Important Topics to study for Finance and Economics paper: Part A:
  • Fundamental principles and basic concept of Accounting.
  • Financial Accounting
Part B:
  • Comptroller & Auditor General of India- Constitutional provisions, Role and responsibility
  • Finance Commission-Role and functions
  • Basic Concept of Economics and introduction to Micro Economics
  • Theory of Demand and Supply
  • Theory of Production and cost
  • Forms of Market and price determination in different markets
  • Indian Economy
  • Economic Reforms in India
  • Money and Banking
  • Role of Information Technology in Governance

Recommended Book:

Lawpoint’s Competitive Solutions General Studies(Finance and Economics ) with notes and MCQs for SSC CGL:

 Reference books:

1.Indian Economy by Ramesh Singh

2.Accounting and Finance for Bankers’ by Macmillan Education

Read more

IBPS PO Preparation strategy & Best books

Paper Pattern

Mode of examination is online for both stages.

Negative Marking : For each question for which a wrong answer has been given by the candidate one fourth of the marks assigned to that question will be deducted as penalty to arrive at corrected score.

Read more

Best books for SSC CGL English Comprehension

There are lots of students who prefer to self study.
For such students selection of right books is very important.
So, We are sharing the best books available in the market for preparation of English comprehension.

Read more

Best Books for SSC CGL Quantitative Aptitude and Advance Maths

As we all know weightage for Quantitative Aptitude is more as compared to General Awareness and Reasoning. So you have to prepare well for Quantitative Aptitude. There are lots of students who prefer self study. For such students selection of Best Books for SSC CGL Quantitative Aptitude is very important.

Read more

Best Books for SSC CGL General Awareness & Current Affairs

There are lots of students who prefer to self study.For such students selection of right books is very important.

For General Awareness lots of material is available in the market. And candidates waste lots of time in selecting material. Some end up selecting material which is meant for UPSC.

Read more