Revenue expenditure and capital expenditure are the two types of 'Public Expenditure' which is incurred by the Government on various activities for the welfare of the people and also for

National Institution for Transforming India (NITI) Aayog is a policy think tank of the Government of India that provides critical, directional and strategic input into the country's developmental process. It

The Lewis Growth Model speaks of structural changes in the economy and is based on the use of an unlimited supply of labour. The unlimited supply of labour is available

A business cycle, also known as an 'economic cycle' or 'trade cycle' is the alternate expansion and contraction in overall business activities over time in an economy. It is the

Repo Rate and Reverse Repo Rate are the two instruments of Liquidity Adjustment Facility (LAF) which allows banks to borrow money from the Reserve Bank of India (RBI) through repurchase

Unemployment represents the number of people in the workforce who want to work but do not have a job. It is generally stated as a percentage and calculated by dividing

Demand liabilities are the deposits received by banks which they have to pay when demanded by the depositors. For example, Current and Savings Bank Account Deposits, Demand Drafts (FD) and

Political Science and International Relations (PSIR) is one of the most chosen optional subjects for the UPSC Civil Services (Main) Examination. It has two papers where Paper I mainly covers

Erosion and Deposition are the two important aspects of the evolution of landforms. Every landform has a beginning. Landforms once formed may change in their shape, size and nature slowly

Insolation is the sole driving force behind all the exogenic processes. Solar radiation received in the atmosphere or the surface of the earth is known as insolation that we also