test

test, Test-Taking Strategies Test-taking strategies are a set of techniques that can be used to improve your performance on tests. There are many different test-taking strategies, and what works best for one person may not work best for another. However, there are some general tips that can help most people improve their test-taking skills. One … Read more

Budgetary deficit – Revenue, Primary and Fiscal.

[su_heading size=”21″]Budgetary Deficit[/su_heading] Budgetary Deficit is the difference between all receipts and expenditure of the government, both revenue and capital. This difference is met by the net addition of the Treasury Bills issued by the RBI and drawing down of cash balances kept with the RBI. The budgetary deficit was called Deficit Financing by the government … Read more

Effects of Taxation,Direct and Indirect Taxes, Public Expenditure and Public Debt. Internal and External Debt.

India has a well developed Taxation structure. The tax system in India is mainly a three tier system which is based between the Central, State Governments and the Local Government organizations. In most cases, these local bodies include the local councils and the municipalities. According to the Constitution of India, the government has the right … Read more

Fiscal Policy

PUBLIC FINANCE Public finance is the study of the role of the government in the economy. It is the branch of economics which assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones. It includes the study of … Read more

Center State Financial Relations and latest Finance Commission.

Under the Constitution the financial Resources of the State are very limited though they have to do many works of social uplift under directive principles. In order to cope with their ever-expanding needs, the Central Government makes grants-in-aid to the States. Grant- in-aid to States , through it Central Government exercises a strict control over … Read more

World Bank, International Monetary Fund (IMF) and Asian Development Bank (ADB).

[su_heading]World Bank[/su_heading] The International Bank for Reconstruction and Development (IBRD), commonly referred to as the World Bank, is an international financial institution whose purposes include assisting the development of its member nation’s territories, promoting and supplementing private foreign Investment and promoting long-range balance Growth in international trade. The World Bank was established in December 1945 … Read more

Balance of payments and Devaluation

Balance of Payments is a systematic record of all economic transactions undertaken by residents of one country i.e. households, firms and the government with their counterparts in rest of the world. It consists of: 1. Current Account, 2. Capital Account and 3. Reserve Account. The Current Account covers transactions in goods and Services and transfers … Read more

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