Notes and Study material for Exams
Articles 168 to 212 in Part VI of the Constitution deal with the organisation, composition, duration, officers, procedures, privileges, powers and so on of the State Legislature.In most of the States, the Legislature consists of the Governor and the Legislative Assembly (Vidhan Sabha). This means that these State have unicameral Legislature. In a Six States( … Read more
The Monetary Policy Framework Agreement: A Foundation for Stability and Growth The global financial landscape is a complex and dynamic environment, constantly evolving in response to economic, political, and technological shifts. To navigate this intricate terrain, central banks around the world have adopted a range of tools and strategies, with the Monetary Policy Framework Agreement … Read more
A Journey Through Time: Exploring the World of Ancient Coins Ancient coins, small pieces of metal bearing the marks of history, offer a unique window into the past. They are not just relics of bygone eras; they are tangible artifacts that speak volumes about the cultures, economies, and beliefs of ancient civilizations. From the earliest … Read more
The Rise and Fall of LIBOR: A Deep Dive into the London Interbank Offered Rate The London Interbank Offered Rate (LIBOR) has been a cornerstone of global finance for decades, serving as a benchmark interest rate for trillions of dollars worth of financial instruments. However, in recent years, LIBOR has faced significant scrutiny and ultimately … Read more
Monetary Policy is the process by which the monetary authority of a country controls the Government Bonds, it is said to be engaging in which of the following? (A) Open market operations (B) Discount rate (C) Reserve requirement (D) Fiscal policy When the Federal Reserve sells government bonds, it is said to be engaging in … Read more
Sources of Income of Central Government As we all know that India is a democratic country and the main aim of the government here is to increase the welfare of the people not the profit of the government. To increase the welfare of the people the Government of India has to start welfare … Read more
Navigating the Global Tax Landscape: A Guide to Double Taxation Avoidance Agreements (DTAA) The globalized economy has fostered a complex web of international business transactions, leading to a potential for double taxation â a situation where the same income or capital is taxed twice by different countries. To mitigate this risk and promote cross-border investment, … Read more
The Shadow Economy: Unmasking Tax Evasion and its Global Impact Tax evasion, the deliberate act of avoiding or minimizing tax obligations, casts a long shadow over global economies. It undermines government revenue, distorts markets, and fuels inequality. This article delves into the multifaceted nature of tax evasion, exploring its various forms, motivations, and consequences. We … Read more
Here are the subtopics of economics: Microeconomics is the study of the behavior of individual economic agents and small groups. It focuses on the actions of consumers, firms, and governments in particular markets. Macroeconomics is the study of the economy as a whole. It focuses on the aggregate level of economic activity, such as gross … Read more
Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends Money to Commercial Banks in the event of any shortfall of funds. It is used for controlling Inflation of a country. High Repo rate: Taking loan from RBI will be costlier. Effect of … Read more