Indian Economy for WBCS (Exe) : Best Study Materials

Economics is very important for WBCS (Exe) both Preliminary level and Mains exam. Even some conceptual questions might be asked in Personality test. The followings are the Economics articles you shouldn’t miss! Basic Concepts of Economics (Important for WBCS Exam) Indian Economy Overview: Primary, Secondary and Tertiary Sectors Inflation : Definition, WPI, CPI, Measurement and Causes REPO and CRR … Read moreIndian Economy for WBCS (Exe) : Best Study Materials

Everything about Share and Stock Market

What is an ‘Equity’/Share? Total equity capital of a company is divided into equal units of small denominations, each called a share. (Equity capital is the invested money that, in contrast to debt capital, is not repaid to the investors in the normal course of business.) For example, in a company the total equity capital … Read moreEverything about Share and Stock Market

Financial Market : Money Market and Capital Market

In this article I will cover what money market and capital market are. You should also look into the details of sub-topics like call money, treasury bill, shares, debentures, put/call options etc. We hope this post to throw light on the various aspects of capital market, particularly related with shares and stock market. Fund Raising … Read moreFinancial Market : Money Market and Capital Market

NITI Aayog: new think-tank replacing Planning Commission

NITI Aayog also known by the acronym the National Institution for Transforming India, is a Government of India policy think-tank established by the BJP government to replace the Planning Commission which followed the top-down model. The stated aim for NITI Aayog’s creation is to foster involvement and participation in the economic policy-making process by the … Read moreNITI Aayog: new think-tank replacing Planning Commission

From Planning Commission To NITI Aayog: Evolution of Indian Planning

At the time of independence of India, there was a large proportion of impoverished people in the country. Poverty alleviation and improvement of life standards of people were the major considerations of the government. Indian economy needed a direction, which was crippled by foreign subjugation. India was still a geographic expression and a nation in … Read moreFrom Planning Commission To NITI Aayog: Evolution of Indian Planning

Indian Economy : Growth, Development and Employment

Growth and Development of Indian Ecomomy When the national income increases (growth), ideally it should result in development (qualitative aspect – like health, education, employment etc). There can also be cases when growth does not percolate to the bottom of the pyramid – noninclusive growth – that will not result in the development of weaker … Read moreIndian Economy : Growth, Development and Employment

Balance of Payments: Accounting Concepts of Foreign Trade

The balance of Payments (BoP) and Balance of Trade (BoT) are two confusing concepts.These terms are connected with international trade accounting. In this article, I will provide a mind-map approach to study Balance of Payments. I hope the same would help in quick understanding and revision. What is Balance of Payments (BoP)? The balance of … Read moreBalance of Payments: Accounting Concepts of Foreign Trade

Sectors of Economy: Primary, Secondary, Tertiary, Quaternary and Quinary

Human activities which generate income are known as economic activities. Economic activities are broadly grouped into primary, secondary, tertiary activities. These groups are known as sectors of ecnomy. Higher services under tertiary activities are again classified into quaternary and quinary activities. Let me first tell you the differences between the different sectors of the economy, … Read moreSectors of Economy: Primary, Secondary, Tertiary, Quaternary and Quinary

Cut Motions: Policy Cut, Economy Cut, and Token Cut

You might have noticed about the Demand for Grants while going through Indian Budget. These are demands usually made in respect of the grant proposed for each Ministry. But Parliament being the authority to check the expenditure of the government, it may not approve all demands. Cut motions are motions in the parliament moved to … Read moreCut Motions: Policy Cut, Economy Cut, and Token Cut

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