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
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
Here are the subtopics of Measurers of Government Deficit: Budget deficit Cyclically adjusted budget deficit Structural budget deficit Primary budget deficit Nominal budget deficit Public Debt Net debt Maastricht deficit criterion Golden rule of public finance Sustainable budget balance A government deficit is the amount of MoneyMoney that a government spends in a given year … Read more
Price elasticity of demand Income elasticity of demand Cross-price elasticity of demand Elasticity of supply Total revenue Consumer surplus Producer surplus Deadweight loss Price elasticity of demand is a measure of how much the quantity demanded of a good or service changes in response to a change in its price. It is calculated as the … Read more