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 […]
Banking in India – Functions and Challenges Read More »
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
Introduction to Monetary and Fiscal Policies Read More »
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 »
Consider the following statements: 1. India is a member of the International Grains Council. 2. A country needs to be a member of the International Grains Council for exporting or importing rice and wheat. Which of the statements given above is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither
IMF, World Bank and WTO – Indian Economy, Previous Year Questions(UPSC CSE)(2011-24) Read More »
1. Consider the following statements: 1. Tight monetary policy of US Federal Reserve could lead to capital flight. 2. Capital flight may increase the interest cost of firms with existing External Commercial Borrowings (ECBs). 3. Devaluation of domestic currency decreases the currency risk associated with ECBS. Which of the statements given above are correct? (a)
Balance of Payments – Indian Economy, Previous Year Questions(UPSC CSE)(2011-24) Read More »
1. Which one of the following effects of creation of black money in India has been the main cause of worry to the Government of India? (a) Diversion of resources to the purchase of real estate and investment in luxury housing (b) Investment in unproductive activities and purchase of precious stones, jewellery, gold, etc. (c)
Taxation – Indian Economy, Previous Year Questions(UPSC CSE)(2011-24) Read More »
1. Consider the following statements: Statement-I: If the United States of America (USA) were to default on its debt, holders of US Treasury Bonds will not be able to exercise their claims to receive payment. Statement-II: The USA Government debt is not backed by any hard assets, but only by the faith of the Government Which one
Fiscal Policy – Budget – Indian Economy, Previous Year Questions(UPSC CSE)(2011-24) Read More »
