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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...
National Rural Livelihood Mission – It is a poverty alleviation project. It is implemented by Ministry of Rural Development. Basic idea is to organize the poor into Self Help Groups and make them capable...
Articles / Civil Services / Economy / International Relations / Polity
by Nitesh Rana · Published July 26, 2016
Indo China relations refer to the bilateral relationships between the People’s Republic of China and the Republic of India. Cultural and Economic times date back to ancient times. Silk Road was a major...
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...
Articles / Civil Services / Economy
by Nitesh Rana · Published July 12, 2016 · Last modified July 14, 2016
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...
Articles / Civil Services / Economy
by Nitesh Rana · Published July 10, 2016 · Last modified July 11, 2016
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...
RBI stands for Reserve Bank of India and was established in 1935. Major functions of RBI are – Issues Bank note – Except the right to issue 1 Rupee notes, RBI has the sole...
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...
Articles / Civil Services / Current / Economy / International Relations
by Nitesh Rana · Published June 22, 2016
Members – 21 Pacific Rim Members Headquarters – Singapore Founded – 1989 here was a growing interdependence among Asia-Pacific economies which led to the formation of Asia-Pacific Economic Cooperation. Also, the formation of trade...
Articles / Civil Services / Economy / Science & Technology
by Amita Dokhale · Published June 9, 2016 · Last modified June 7, 2016
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...
Articles / Civil Services / Current / Economy / International Relations / Polity
by Nitish Kumar · Published April 28, 2016
Recent Panama papers leak has again rekindled the old question, whether countries should go for Capital account convertibility? To understand the answer to this, let’s first understand the concept of convertibility Current Account Convertibility...
Articles / Civil Services / Current / Economy / Polity
by Amita Dokhale · Published April 26, 2016 · Last modified June 17, 2016
We are turning away from cash to digital money. Online payments, debit cards, credit cards, various wallets indicate that we are moving towards digital currency. The recent launch of Unified Payment Interface (UPI) by...
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...
What is Good & Service Tax (GST) ? Goods and Service tax is nothing but the tax collected by a consumer for a goods or a service. This tax includes all the indirect taxes...
Articles / Civil Services / Economy / Environment & Biodiversity / History
by Dushyant Vazarkar · Published March 28, 2016
What is Geographical Indicator? A geographical indication (GI) is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. How do...
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 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...
What is NPA? An asset becomes NPA, when it ceases to generate income for the lending bank. According to a July 2014 RBI circular, all advances where interest and/or instalment of principal remains due...
After Independence a debate rose among Political leaders, about sector that will lead the process of development. What should be the Prime moving force for economy- Agriculture or Industry? There were different Pros and cons of choosing...
Articles / Civil Services / Economy
by administration · Published March 14, 2016 · Last modified March 12, 2016
Every day for a month till 20 March 2016, we will be posting a question whoever answers the question can also ask the question to other members..and the chain of questions will continue. Lets ask...
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Articles / MBA / Number System / QA
Number System : Arithmetic operations on Fractions
October 1, 2020
Articles / MBA / Number System / QA
Number System : Properties of Even & Odd Numbers
September 21, 2020
Articles / Civil Services / MBA / QA
[CSAT][CAT] Basic Numeracy – Percentages (Tips & Tricks) – 1
November 30, 2014
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