Difference between Revenue Expenditure and Capital Expenditure with Examples
Revenue expenditure and capital expenditure are the two types of ‘Public Expenditure‘ which is incurred by the Government on various …
Objectives and Functions of NITI Aayog, Composition & Structure
National Institution for Transforming India (NITI) Aayog is a policy think tank of the Government of India that provides critical, …
What is the Lewis Growth Model in Economic Development?
The Lewis Growth Model speaks of structural changes in the economy and is based on the use of an unlimited …
Business Cycle explained with Expansion, Recession, Depression and Recovery
A business cycle, also known as an ‘economic cycle’ or ‘trade cycle’ is the alternate expansion and contraction in overall …
Difference between Repo Rate, Reverse Repo Rate and Bank Rate
Repo Rate and Reverse Repo Rate are the two instruments of Liquidity Adjustment Facility (LAF) which allows banks to borrow …
Types of Unemployment in India [UPSC Economy Notes]
Unemployment represents the number of people in the workforce who want to work but do not have a job. It …
Difference between Demand Liabilities and Time Liabilities of Banks
Demand liabilities are the deposits received by banks which they have to pay when demanded by the depositors. For example, …
UPSC PSIR Optional Syllabus [PDF] Political Science and International Relations
Political Science and International Relations (PSIR) is one of the most chosen optional subjects for the UPSC Civil Services (Main) …
What are the two important aspects of the evolution of landforms?
Erosion and Deposition are the two important aspects of the evolution of landforms. Every landform has a beginning. Landforms once …
What is the sole driving force behind all the exogenic processes?
Insolation is the sole driving force behind all the exogenic processes. Solar radiation received in the atmosphere or the surface …