Notes and Study material for Exams
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
The S.S. Tarapore Committee: A Pivotal Moment in India’s Financial History The S.S. Tarapore Committee, formally known as the Committee on Capital Account Convertibility, played a pivotal role in shaping India’s financial landscape. Established in 1997 under the chairmanship of Dr. S.S. Tarapore, a former Deputy Governor of the Reserve Bank of India (RBI), the … Read more
The Reserve Bank of India: A Constitutional Pillar of India’s Economic Landscape The Reserve Bank of India (RBI), established in 1935, stands as a cornerstone of India’s economic framework. Its role extends far beyond mere monetary management, encompassing crucial functions that directly impact the lives of every Indian citizen. This article delves into the constitutional … Read more
Role of RBI Pre-reform Post-reform Developmental Role: the developmental role has increased in view of the changing structure of the economy with a focus on SMEs and Financial Inclusion Priority Sector Lending: Introduced from 1974 with Public Sector Banks. Extended to all Commercial Banks by 1992 In the revised guidelines for PSL the thrust is … Read more
Here is a list of subtopics related to Economic Union: Economic integration Free trade area Customs Union Common Market Economic and monetary union Political union Single market Common currency Economic sanctions Trade bloc Regional Trade Agreement World Trade Organization International Monetary Fund World Bank Group of Eight Group of Twenty Organization for Economic Co-operation and … Read more
[su_heading]World Bank[/su_heading] The International Bank for Reconstruction and Development (IBRD), commonly referred to as the World Bank, is an international financial institution whose purposes include assisting the development of its member nation’s territories, promoting and supplementing private foreign Investment and promoting long-range balance Growth in international trade.INFRASTRUCTURE projects (B) To finance social programs (C) To … 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
The Rao Manmohan Model is an economic model that was developed by Indian economist Manmohan Singh. The model is based on the idea of LiberalizationLiberalization, PrivatizationPrivatization, and GlobalizationGlobalization-2GlobalizationGlobalization. It was implemented in India in the early 1990s, and it has been credited with helping to improve the country’s economy. The Rao Manmohan Model has three … Read more
The Fixed Exchange Rate: A Balancing Act Between Stability and Flexibility The exchange rate, the price of one currency in terms of another, plays a crucial role in the global economy. It influences trade, investment, and the overall economic performance of nations. While floating exchange rates, determined by market forces, are the norm in today’s … Read more
Table of Content:- PUBLIC FINANCE Monetary Policies Inflation & Control Mechanism, Repo rate Reverse Repo Rate CRR SLR. Public Finance Public finance is the study of the role of the government in the economy. It is the branch of economics which assesses the government revenue and government expenditure of the public authorities and the adjustment … Read more