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

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

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