Notes and Study material for Exams
Sectoral trends in GSDP The Growth rate of GSDP denotes the performance of economy of the State and changes in the magnitude and composition of GSDP of the State economy over time. The economy is broadly classified into three sectors, i.e., primary, secondary and tertiary. The Primary Sector consists of crops; Livestock; Forestry & logging; … Read more
When a government spends more than it collects in taxes, it borrows from the private sector to finance the budget deficit. The accumulation of past borrowing is the government debt. A tax cut stimulates consumer spending and reduces national saving. The reduction in saving raises the interest rate, which crowds out Investment. As per Solow’s … Read more
Question:Brach of Economics which examines the economic behaviour of Individual actors is >>>Macroeconomics >>>Microeconomics >>>Mesoeconomics >>>Metaeconomics >>>option2 Question:Brach of Economics which studies the intermediate level of economic organizations is >>>Macroeconomics >>>Microeconomics >>>Mesoeconomics >>>Metaeconomics >>>option3 Question:Study of POVERTY and Inflation is the scope of >>>Macroeconomics >>>Microeconomics >>>Mesoeconomics >>>Metaeconomics >>>option1 Question:Keynesian macronimics suggests the following policies >>>contraction … Read more
ADMINISTERED PRICES INCLUDING MSP AND PROCUREMENT PRICES Historical context The emergence of agricultural Price Policy in India was in the backdrop of Food scarcity and price fluctuations provoked by drought, floods and international prices for exports and imports. This policy in general was directed towards ensuring reasonable food prices for consumers by providing food grains … Read more
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
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
Net factor Income Net factor income is the difference between a country’s income from its foreign investments and its payments to foreign investors. It is a component of the Current Account of the balance of payments. Net factor income is calculated as follows: Net factor income = Income from abroad – Payments to abroad Income … Read more
Current Account Deficit Here is a list of subtopics related to Current Account Deficit: Current account balance Current account deficit Current account surplus Causes of current account deficit Effects of current account deficit Remedies for current account deficit Current account deficit and exchange rate Current account deficit and economic growth Current account deficit and InflationInflation … Read more
Balance of Payment surplus Here is a list of subtopics related to balance of payment surplus: Balance of payments Balance of Trade Current Account Capital Account Financial account Statistical discrepancy Exchange rate Trade surplus Trade Deficit Current account surplus Current Account Deficit Capital account surplus Capital Account Deficit Financial account surplus Financial account deficit Statistical … Read more
Balance of Payment deficit Here is a list of subtopics related to balance of payment deficit: Balance of payments Balance of Trade Current Account Capital Account Financial account Official reserve account Net errors and omissions Exchange rate Depreciation Appreciation DevaluationDevaluation RevaluationRevaluation Trade Deficit Trade surplus Current Account Deficit Current account surplus Capital Account Deficit Capital … Read more