Notes and Study material for Exams
Market economy A market economy is a system where the laws of supply and demand direct the production of goods and Services. Supply includes Socialism and Communism need a planned economy to create a central plan that guides economic decisions. Market economies evolve from traditional economies. Most societies in the modern world have Elements of all three types of economies. That makes them mixed economies. … Read more
Facing Global Competition Globalisation means gradual integration of economies through free movement of goods, Services and capital which has significant impact on the economies of both developed and developing countries. Globalisation refers to a process of growing economic interdependence among different countries of the world. Thus, in the globalised era, the whole world … Read more
IMPACT OF NEW ECONOMIC POLICY India’s post-independence development strategy showed all the signs of stagnation, but the economy started showing the sign of recovery in the early nineties when the government adopted the new economic model known as INFRASTRUCTURE, into a modern developed economy. New Economic Policy 1991 India opened up the economy … 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
Government Market Borrowings, loans and grants There are two types of borrowings : Internal borrowings External borrowings There is third mean of public loan i.e. other liabilities Internal borrowings Internal debt or domestic debt is the part of the total government debt in a country that is owed to lenders within the country. Internal debt’s … 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
Decentralized Planning is a type of planning where local organisations and institutions formulate, adopt, execute actions and supervise the plan without interference by the central body. Decentralized planning in the State operated mainly through the following institutions and instruments; Grama Sabha (GS): People’s participation in Decentralization was sought to be ensured mainly through meetings of … Read more
MSMEs not only play crucial role in providing large EMPLOYMENT opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of NATIONAL INCOME and wealth. MSMEs are complementary to large industries as ancillary units and this sector contributes … Read more
Organizations & Their Survey/Reports 1. World Economic & Social Survey U. N 2. World Investment Report UNCTAD 3. Global Competitiveness Report World Economic Forum 4. World Economic Outlook IMF 5. Business Competitive Index World Economic Forum 6. Green Index World Bank 7. Business Confidence Index NCAER 8. POVERTY Ratio Planning Commission 9. Economic Survey Ministry … Read more
Indian Economy and issues relating to planning, mobilization of Resources, Growth development and EMPLOYMENT. Inclusive Growth and issues arising from it. Government Budgeting. Effects of Liberalization on the economy,changes in Industrial Policy and their effects on industrial growth. INFRASTRUCTURE: Energy, Ports, Roads,Airports, Railways etc. Investment Models. Economics is the social science that studies the … Read more