Notes and Study material for Exams
The Balancing Act: Understanding Your Current Account The current account, often referred to as a checking account, is the cornerstone of modern financial life. It’s where we deposit our earnings, pay our bills, and manage our day-to-day expenses. But maintaining a healthy balance on this account is crucial for financial stability and peace of mind. … Read more
External Commercial Borrowing (ECB): A Vital Lifeline for India’s Growth External Commercial Borrowing (ECB) has emerged as a crucial source of funding for India’s economic development, playing a significant role in bridging the financing gap and supporting various sectors. This article delves into the intricacies of ECB, exploring its history, types, regulations, benefits, and challenges, … Read more
The expenditure method is a way of measuring GDP that focuses on the spending of money. It is one of the two main methods of measuring GDP, the other being the income method. The expenditure method measures GDP by adding up the following categories of spending: Consumption spending: This is the spending of households on … Read more