Free Trade Vs Protectionism Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Barriers of Trade Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Stages of Economic Integration World Trade Organization, as an institution was established […]
Bretton Wood Twins As both institutions are outcome of a conference – “United Nations Monetary and Financial Conference” at the Mount Washington Hotel in In Bretton Woods, New Hampshire in 1944. They are popularly referred as Brettonwood twins. Purpose of Bretton wood institutions The basic aim was to help rebuild the shattered post-war economy (
International Monetary Fund(IMF) Read More »
Taxes are levied by governments on their citizens to generate income for undertaking projects to boost the economy of the country and to raise the standard of living of its citizens. The authority of the government to levy tax in India is derived from the Constitution of India, which allocates the power to levy taxes
Fiscal policy is the use of government spending and taxation to influence the economy, to promote sustainable growth and reduce poverty.
What is a Bank: A bank is an institution which accepts deposits from the public and in turn advances loans by creating credit. The act of lending and borrowing creates both credit and debit. \”Debt represents money that has been borrowed but not yet been paid back, Credit represents money available to be borrowed.\” The
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Monetary Policy is defined by the Reserve Bank of India as “the policy of the central bank with regard to the use of monetary instruments under its control to achieve the goals specified in the RBI Act, 1934.” Monetary policy is concerned with the measures taken to regulate the supply of money, the cost and
Business Cycles A business, bank, institution or economy would not experience consistent growth there always exist ups and downs in an economy like in real life. Definitions The business cycle is the natural rise and fall of economic growth that occurs over time. The cycle is a useful tool for analysing the economy. It can
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Basics of Economics, covers concepts that are required to be revised before diving into other economy concepts. Better go through the topic.
Basics of Economics Read More »
1. Consider the following airports: Donyi Polo Airport Kushinagar International Airport Vijayawada International Airport In the recent past, which of the above have been constructed as Greenfield projects? (a) 1 and 2 only (b) 2 and 3 only (c) 2 and 3 only (d) 1, 2 and 3 2. The total fertility rate in a
Miscellaneous Topics – Indian Economy, Previous Year Questions(UPSC CSE)(2011-24) Read More »
1. With reference to the Digital India Land Records Modernisation Programme, consider the following statements: To implement the scheme, the Central Government provides 100% funding. Under the Scheme, Cadastral Maps are digitised. An initiative has been undertaken to transliterate the Records of Rights from local language to any of the languages recognized by the Constitution
Agriculture – Indian Economy, Previous Year Questions(UPSC CSE)(2011-24) Read More »