The Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman presented the Economic Survey 2021-22 in Parliament on January 31, 2022. Read to know about the Economic Survey 2021-22 highlights. Economic Survey is the flagship annual document of the Ministry of finance - released … [Read more...] about Economic Survey 2021-22: Highlights
Economics Notes
Urban Cooperative Banks
What are cooperative banks? What are urban cooperative banks? What is the significance of UCBs? Read here. Urban cooperative banks are recently in news. Reserve Bank of India (RBI) governor signalled reforms in the trouble-prone urban cooperative banks (UCBs). RBI Governor indicated that … [Read more...] about Urban Cooperative Banks
Factors of Production
What are the Factors of Production? What do you mean by factor income and non-factor income? Read this article to know more. The objective of any economy is to produce goods and services. The more goods and services a country produces, the more income the country generates. Then, why can't … [Read more...] about Factors of Production
Blue Economy
What is a Blue Economy? How is the Blue Economy different from the Green Economy? Read to know more. As you might know, oceans cover three-quarters of the Earth’s surface. 97% of the Earth’s water is in Oceans. Oceans also represent 99% of the living area on the planet. However, the … [Read more...] about Blue Economy
Is RBI’s Independence Waning?
How independent is the Reserve Bank of India (RBI)? Is the independence of the RBI waning recently? In India, even though the RBI Act 1934 allows government control, the convention is that the RBI is allowed autonomy to do what it wants. However, recently there are many media reports about … [Read more...] about Is RBI’s Independence Waning?
100 Important MCQs from Economic Survey and Budget 2021
Ebook (PDF) Available: Learn 100 Important MCQs from Economic Survey and Budget 2021. Download the ebook (PDF) from ClearIAS Store. Download 100 Important MCQs from ES and Budget 2021 Economic Survey and Indian Budget are very important for aspirants preparing for UPSC Exams. This ebook (PDF) … [Read more...] about 100 Important MCQs from Economic Survey and Budget 2021
Interest Coverage Ratio – Explained with Example
What is the importance of the term “Interest Coverage Ratio” of a firm? Banks and Companies are two highly interlinked entities. The loans given by banks is often necessary for the growth of companies. However, giving loans is a high-risk activity as far as banks are concerned. Financial … [Read more...] about Interest Coverage Ratio – Explained with Example
Minimum Support Price (MSP) – Explained with Video
What is meant by Minimum Support Price or MSP? MSP is the minimum price which the government pays for the farmers’ produce at the time of procurement. It is aimed at saving the crops from price fluctuations in the market. The MSP fixed by the government is considered as being remunerative for … [Read more...] about Minimum Support Price (MSP) – Explained with Video
Poverty – Dimensions and Challenges Explained
Poverty is a multidimensional concept. Poverty is a state or condition in which a person lacks the resources for a minimum standard of living. Traditionally, the term poverty refers to lacking enough resources to provide the necessities of life - food, clean water, shelter, and clothing. But … [Read more...] about Poverty – Dimensions and Challenges Explained
Expansionary vs Contractionary Monetary Policy
Understand the difference between Expansionary and Contractionary Monetary Policy. Monetary policy refers to the actions undertaken by a nation's central bank to control the money supply. Control of money supply helps to manage inflation or deflation. In India, the Reserve Bank of India (RBI) … [Read more...] about Expansionary vs Contractionary Monetary Policy
