Notes and Study material for Exams
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
Nature, types and Problems of Unemployment in India:-Unemployment may be defined as “a situation in which the person is capable of working both physically and mentally at the existing wage rate, but does not get a job to work”. India is one of those ill-fated underdeveloped countries which is suffering from a huge unemployment problem. … Read more
Monetary Policy TOOL: There are several direct and indirect instruments that are used for implementing monetary policy. Repo rate: The (fixed) interest rate at which the Reserve Bank provides overnight liquidity to banks against the collateral of government and other approved securities under the Liquidity Adjustment facility (LAF). Reverse Repo Rate: The (fixed) interest rate … Read more
Money Supply is the entire stock of currency and other liquid instruments in a country’s economy as of a particular time. The money supply can include cash, coins and balances held in checking and Savings accounts. Money Supply can be estimated as narrow or Broad Money. There are four measures of money supply in India … Read more
The Double Dip Recession: A Threat Looming on the Horizon? The global economy has been through a tumultuous period in recent years, marked by the COVID-19 pandemic and its subsequent economic fallout. While many economies have shown signs of recovery, concerns are mounting about the possibility of a “double dip recession,” a scenario where an … Read more
Reflation: A Double-Edged Sword in the Economic Landscape The term “reflation” has become a buzzword in recent years, particularly in the context of global economic uncertainty. It signifies a deliberate attempt by policymakers to stimulate economic growth by increasing the money supply and lowering interest rates, aiming to combat deflationary pressures and revive demand. However, … Read more
Disinflation: A Deeper Dive into the Economic Phenomenon Disinflation, a term often used interchangeably with deflation, is a crucial concept in macroeconomics. While both terms relate to a decrease in the general price level, they differ in their nuances and implications. This article delves into the intricacies of disinflation, exploring its causes, effects, and potential … Read more
