Notes and Study material for Exams
Open Market Operations: The Central Bank’s Powerful Tool for Monetary Policy Open market operations (OMOs) are a cornerstone of modern monetary policy, providing central banks with a powerful tool to influence interest rates, money supply, and ultimately, economic activity. This article delves into the intricacies of OMOs, exploring their mechanisms, objectives, and impact on the … Read more
The Many Faces of Money: A Journey Through History, Economics, and Society Money, a seemingly simple concept, is a complex and multifaceted phenomenon that has shaped human civilization for millennia. From its humble beginnings as a medium of exchange to its role in global finance, money has evolved alongside human society, reflecting our changing needs, … Read more
NATIONAL INCOME The study of National Income is important because of the following reasons: To see the Economic Development of the country. To assess the developmental objectives. To know the contribution of the various sectors to National Income. Internationally some countries are wealthy, some countries are not wealthy and some countries are in-between. Under such … Read more
Public expenditure is spending made by the government of a country on collective needs and wants such as pension, provision,
Disinflation: A Deeper Dive into the Economic Phenomenon Disinflation, a term often used interchangeably with deflation, is a crucial concept in macroeconomics. While both terms relate to a decrease in the general price level, they differ in their nuances and implications. This article delves into the intricacies of disinflation, exploring its causes, effects, and potential … Read more
The Wholesale Price Index: A Vital Gauge of Inflation and Economic Health The Wholesale Price Index (WPI) is a crucial economic indicator that tracks the average change in prices received by domestic producers for their products at the wholesale level. It provides valuable insights into the inflationary pressures within an economy, offering a forward-looking perspective … Read more
Economic Reforms In India New Industrial Policy Under Industrial Policy, keeping in view the priorities of the country and its Economic Development, the roles of the public and private sectors are clearly decided. Under the New Industrial Policy, the industries have been freed to a large extent from the licenses and other controls. In order … Read more
What is GST? Goods and Services Tax — GST — is a comprehensive tax levy on manufacture, sale and consumption of goods and services at a national level. Through a tax credit mechanism, this tax is collected on value-added goods and services at each stage of sale or purchase in the supply chain. The system … Read more
The following are subtopics of GDP deflator: Definition Formula Calculation Uses Limitations Examples Related topics The GDP deflator is a measure of the level of prices of all final goods and services produced in an economy in a given year compared to a base year. It is calculated by dividing the nominal GDP by the … Read more
–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> New Industrial Policy Under Industrial Policy, keeping in view the priorities of the country and its Economic Development, the roles of the public and private sectors are clearly decided. Under the New Industrial Policy, the industries have been freed to a large extent from the licenses … Read more