Business Cycles A business, bank, institution or economy would not experience consistent growth there always exist ups and downs in an economy like in real life. Definitions:The business cycle is the natural rise and fall of economic growth that occurs over time. The cycle is a useful tool for analysing the economy. It can also […]
Growth Vs Development The term Growth and Development are near synonymous but not the same thing. Both growth and development refer to changes over a time period. Both express the idea of increase, but growth means an increase in quantity, while development is about quality. Growth can be both positive and negative like GDP whereas […]
Economics is all about making smart choices to cope up with scarcity. The most fundamental measurement used to evaluate the success in allocating the scarce resources is economic growth. Individuals monitor their income and the changing value of their assets. Businesses track their profits and their market share. Nations monitor a variety of statistics to […]
What is Economics? and Why do we need to study Economics? “I want to become an IAS officer”, “I need to become an IAS officer” Is there a difference between the above two statements?Let’s try to start our journey of economics with these two statements, Need, Want and Greed?A Need is something that a person […]
1. Consider the following airports: Donyi Polo Airport Kushinagar International Airport Vijayawada International Airport In the recent past, which of the above have been constructed as Greenfield projects? (a) 1 and 2 only (b) 2 and 3 only (c) 2 and 3 only (d) 1, 2 and 3 2. The total fertility rate in a […]
1. With reference to the ‘Pradhan Mantri Surakshit Matritva Abhiyan’, consider the following statements This scheme guarantees a minimum package of antenatal care services to women in their second and third trimesters of pregnancy and six months post-delivery health care service in any government health facility Under this scheme, private sector health care providers of […]
1. With reference to the Digital India Land Records Modernisation Programme, consider the following statements: To implement the scheme, the Central Government provides 100% funding. Under the Scheme, Cadastral Maps are digitised. An initiative has been undertaken to transliterate the Records of Rights from local language to any of the languages recognized by the Constitution […]
Consider the following statements: 1. India is a member of the International Grains Council. 2. A country needs to be a member of the International Grains Council for exporting or importing rice and wheat. Which of the statements given above is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither […]
1. Consider the following statements: 1. Tight monetary policy of US Federal Reserve could lead to capital flight. 2. Capital flight may increase the interest cost of firms with existing External Commercial Borrowings (ECBs). 3. Devaluation of domestic currency decreases the currency risk associated with ECBS. Which of the statements given above are correct? (a) […]
1. Which one of the following effects of creation of black money in India has been the main cause of worry to the Government of India? (a) Diversion of resources to the purchase of real estate and investment in luxury housing (b) Investment in unproductive activities and purchase of precious stones, jewellery, gold, etc. (c) […]
