Q1. Explain the Importance of Agriculture in the Indian Economy? Agriculture is the backbone of the Indian economic system and economic activity. It plays a vita-role in an economy About two-third of India’s population depends directly or indirectly on agriculture…
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BALANCE OF PAYMENTS BOP: The balance of payments of a country is a systematic record of all economic transactions b/w its residence and the rest of the world during a fiscal year. Significance of Balance Of Payments A/c: Operation of items…
FOREIGN EXCHANGE RATE MONEY: It refers to anything which is accepted as a medium of exchange. CURRENCY: It is a generally accepted form of money, including coins and paper notes, which are issued by the government and circulated within an…
EXPLAIN MEANING OF FOREIGN EXCHANGE RATE Foreign exchange rate is the price of a currency expressed in terms of another currency. Some economists refer to it as the external value of the currency. Foreign Currency : It refers to all…
Introduction to 3 Methods of Calculating National Income National income is a key indicator of a country’s economic health. It represents the total monetary value of all goods and services produced within a nation over a specified period. Accurately measuring…
Q1) Why Despite abolition of Zamindari system, poverty continues to be Pervasive in Indian agriculture? Ans) Despite abolition of Zamindari system, poverty continues to be Pervasive in Indian agriculture due to two reasons: (a) The bulk of the Indian farmers…
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