Category: Economy

Market Structure

In economics, market structure depends on the number of organizations making a particular type of product. Types of Market Structures are as follows – Monopoly Oligopoly Monopsony Oligopsony Perfect Competition Monopoly–  exists when a...

Inter-State Council

Article 263 of the Constitution of India provides for the establishment of an Inter-State Council. This article deals with ‘Co-ordination between States  and Union’.It enforces Relations between the Union and the States.  The Inter-State Council is...

Export & Import

India has the seventh largest economy in the world with respect to nominal GDP and third largest with respect to purchasing power parity. The exchange of capital, goods and services transcending internal borders and...

Important terms in Economy

Terms you need to know Fiscal Deficit – Fiscal deficit is a state when government’s expenditures exceed the revenue generated, excluding money from borrowings. Current Account deficit – Difference between a nation’s investment and...

Budget 2016

India is being looked upon as the source of growth for the otherwise declining economy in many parts of the world. Despite lack of rainfall for two consecutive years and unfavorable global conditions, India...

Operation Flood

Operation Flood was an initiative by National Dairy Development Board in 1970.It is called as white revolution of India.It created a national milk grid linking milk producers throughout India with consumers in over 700 towns...

Payment Banks

Payment Banks are setup with objective of financial inclusion by providing 1.Small savings accounts 2. Payments remittance services to its users. Targeted user group of Payment banks are 1.Migrant labour workforce 2.Low income households 3.Small businesses...

Consumer Price Index

Consumer Price Index is a measure of the change in prices of market basket of products and services bought by households.  CPI is measure by recording the changes in prices of items which are...

Bank Rate

Bank rate is the rate of interest which a central bank charges on the money borrowed (Loans) by commercial banks from the central bank. The bank rate is known by different names and different...

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