Notes and Study material for Exams
Percentage Percent means for every 100 So, when percent is calculated for any value, it means that we calculate the value for every 100 of the reference value. percent is denoted by the symbol %. For example, x percent is denoted by x% x%=x/100 Example : 25%=25/100=1/4 To express x/y as a percent,we have x/y=(x/y×100)% Example : … Read more
The Bank Rate: A Powerful Tool in the Central Bank’s Arsenal The Bank Rate, also known as the policy interest rate, is a crucial instrument in the toolkit of central banks worldwide. It serves as a benchmark for short-term interest rates and influences the overall cost of borrowing and lending in an economy. By adjusting … Read more
MATHEMATICS AND QUATITUATIVE Aptitude – SIMPLE INTEREST Introduction Money is not free and it costs to borrow the money. Normally, the borrower has to pay an extra amount in addition to the amount he had borrowed. i.e, to repay the loan, the borrower has to pay the sum borrowed and the interest. Lender … Read more
Attitude Should abortion be illegal? Should we cancel third world debt? How quickly should we reduce carbon emissions? Should there ever be a death penalty for any crime? Are you liberal or conservative? A soccer fan? A music lover? An optimist? The answers to all these questions depend upon psychological characteristics that define who we … Read more
Parliament is a supreme law making body of the nation. Any proposed law is introduced in the Parliament as a bill. After being passed by the Parliament and getting the President’s assent it becomes a law. There are two kinds of bills:-(i) ordinary bill and (ii) Money bill. Every member of the Parliament has a … Read more
The constitution (73rd and 74th) Amendment Acts, 1992 and ARTICLE 280 (3) (c) have altered the erstwhile fiscal devolution system and framework between the states and local governments. Under the new fiscal devolution system every State Government is required to constitute, once in five years, a Finance Commission under articles 243 (I) and entrust it … Read more
–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> In India, government expenditure – as per the provision in the Constitution – is divided into Revenue Expenditure and Capital Expenditure. However, the adoption of economic planning shifted emphasize on the division of expenditure into Plan and Non-Plan. The share of Non-Plan expenditure has remained close … Read more
Monetary Policy TOOL: There are several direct and indirect instruments that are used for implementing monetary policy. Repo rate: The (fixed) interest rate at which the Reserve Bank provides overnight liquidity to banks against the collateral of government and other approved securities under the Liquidity Adjustment facility (LAF). Reverse Repo Rate: The (fixed) interest rate … Read more
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
Public expenditure is spending made by the government of a country on collective needs and wants such as pension, provision,