Economics and Planning notes for Lok Sewa: Nepal’s periodic plans, the National Planning Commission, the budget process, GDP and economic indicators, poverty, agriculture, trade, foreign aid and the Sustainable Development Goals. Notes explain each idea simply and highlight the figures and plan targets that are often asked in Nayab Subba and Section Officer papers. Economic figures change every year, so check the date on each post and the latest Economic Survey and budget speech before the exam.
Rising prices, poverty and lack of jobs are three of the biggest economic problems in Nepal and favourite topics in Lok Sewa. This note explains what inflation is and how it is measured, the different ways poverty is measured, and the types of unemployment, with Nepal’s key programmes and survey results.
Economics studies how people, businesses and governments use limited resources to meet unlimited wants. Lok Sewa papers ask about famous definitions, the law of demand and supply, factors of production, types of market and economic systems. This note explains each concept in simple words with the names and dates you need to remember.
Foreign aid, remittance from Nepalis working abroad and foreign direct investment (FDI) are three major sources of outside money for Nepal’s economy. Lok Sewa asks when Nepal first received aid, who the major partners are, how big remittance is, and which laws and bodies manage foreign employment and investment. This note covers these points.
National income tells us the total value of goods and services an economy produces in a year. Terms like GDP, GNI, per capita income and HDI appear in Lok Sewa papers, the budget speech and the Economic Survey every year. This note explains each term, the three methods of measuring national income and how Nepal’s economy is divided into sectors.
Kharidar Paper I unit 3.3: tourism (NTB, international airports, Everest, heritage) and communication (Gorkhapatra, Radio Nepal, Nepal Television, telecom) with a quiz.
