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Explain the uses of index numbers.
Introduction: Index number measures and compare economic variables it indicates percentage or ratio of changes in variables between two different period of time. It measure relative changes in price quantity, value from one period of time to another period of time. It calculate the ratio of the current year value with the ratio of the…
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What are Index Numbers? explain its Construction.
Introduction: Index number measures and compare economic variables it indicates percentage or ratio of changes in variables between two different period of time it measure relative changes in price quantity, value from one period of time to another period of time. It calculate the ratio of the current year value with the ratio of the…
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Write a note on Supply of money.
Meaning: The supply of money, often referred to as the money supply, includes all forms of money in an economy that are readily available for spending. It includes both physical currency and various types of deposits held by individuals, businesses, and institutions within the banking system. The money supply is a key concept in monetary…
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Define money? Explain the functions of money.
Meaning of Money: Money is a monetary thing which is acceptable by all, generally it is a material of exchange. What we use to pay for things is referred as money. Money is an important element of modern civilization. Functions of money is a broad and very important to understand the meaning of money. According…
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What are commercial banks? Explain its credit creation.
Introduction: Commercial banks are financial institutions that offer services to individuals, businesses, and other organizations. They are primarily engaged in accepting deposits from customers and providing loans and credit facilities, among other financial services. Credit creation of commercial banks is the main cooperation with the central bank of any nation. These banks play a very…
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What is Budget Deficit? Explain the types of Budget Deficit.
Meaning: A budget deficit occurs when a government’s expenditures exceed its revenues within a given period, typically a fiscal year. In other words, it’s the shortfall between what the government spends and what it earns in revenue through taxes, fees, and other sources. Budget deficits are a common occurrence for many governments around the world,…
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ECONOMICS – 3 ECONOMIC THEORY AND PUBLIC FINANCE
UNITWISE IMPORTANT QUESTIONS. UNIT – 1 – NATIONAL INCOME. TEN MARKS QUESTIONS. SIX MARKS QUESTIONS. UNIT – 2 – THEORIES OF EMPLOYMENT. TEN MARKS QUESTIONS. SIX MARKS QUESTIONS. UNIT – 3 – ECONOMIC GROWTH AND ECONOMIC DEVELOPMENT. TEN MARKS QUESTIONS. SIX MARKS QUESTIONS. UNIT -4 -PUBLIC FINANCE. TEN MARKS QUESTIONS. SIX MARKS QUESTIONS. UNIT –…
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Define Budget? explain the components of budget.
Meaning of Budget: The term budget is derived from the word BOUGETTE which means a leather bag containing financial papers. Budget is a financial statement of anticipated revenue and expenditure of the govt. for the coming financial year. The components of budget are mainly two revenue account and capital account. According to a W.E. Willoughby…
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What is Budget? Explain the types of budget?
Introduction: The term budget is derived from the word BOUGETTE which means a leather bag containing financial papers. Budget is a financial statement of anticipated revenue and expenditure of the govt. for the coming financial year. A budget is a financial plan that outlines the estimated revenues and expenses over a specific period, typically one…
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Explain the causes for increasing public debt.
Meaning of Public Debt: Public debt refers to the total amount of money owed by the government to creditors, both domestic and foreign. It is the accumulation of past borrowing by the government through issuing bonds, bills, and other securities to finance its expenditures when its revenue falls short of its spending. Governments often borrow…