Money And Banking Important Questions. Q1. High powered money consists of: (a) Currency and Coins held by the public (b) Currency, cash reserves with banks and demand deposits (c) Currency and coins held by the public and deposits…
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Consumer’s Equilibrium Consumer: A person who decides what and how much to consume in order to get the satisfaction of his wants. Equilibrium: The word equilibrium is derived from two Latin words ‘aequi’ means equal and ‘libra’ means balance. In other words,…
Concept of Scarcity: The concept of scarcity was first given by ‘Lionel Robbins’. It refers to a situation where demand for goods and services exceeds its availability. A condition of inefficiency where human beings are incapable to fulfill their wants…
India, Pakistan, and China have many similarities in their development strategies. All three nations started their development efforts at the same time. India and Pakistan got freedom in 1947 while China came into existence in 1949. All these nations started…
Greenwashing: Deceptive Marketing in the Age of Environmental Awareness: In a world acutely aware of the dire consequences of climate change, the urgency to address environmental issues has never been greater. Amid this global shift towards sustainability, a troubling phenomenon…
Here are 50 non-repetitive assertion-reason multiple-choice questions (MCQs) with answers on the topic of “Cost”. For CUET, Class 11, AP economics, IGCSE, IB. 1. Assertion: Opportunity cost represents the value of the next best alternative foregone.Reason: It is the monetary cost of producing…
In the ever-evolving landscape of digital assets and blockchain technology, Non-Fungible Tokens (NFTs) have risen as a transformative phenomenon. NFTs have garnered considerable attention owing to their unique attributes and the potential they hold to reshape diverse industries. This article…
Introduction to SIDBI: The Small Industries Development Bank of India (SIDBI) is a pivotal financial institution that plays a crucial role in the growth and development of India’s Micro, Small, and Medium Enterprises (MSME) sector. Established as a statutory body…
SEBI – Explanation, Establishment, Objectives, Structure, and Functions In the complex world of finance and investments, regulatory bodies play a crucial role in ensuring fair and transparent practices. SEBI, short for the Securities and Exchange Board of India, is a…
Land reforms in India since independence have been a crucial aspect of the country’s socio-economic development. These reforms aimed to address historical inequalities in land ownership, promote agricultural growth, and ensure social justice. Here’s an overview of the key land…