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Nalin Rooprai 6 years, 2 months ago
Posted by Tanvi Gupta 6 years, 2 months ago
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Priyanshi Meghrani 6 years, 2 months ago
Shubhra ?? Jain 6 years, 2 months ago
Posted by Mansi Jain 6 years, 2 months ago
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Manan Saraswat 6 years, 2 months ago
Bharti Das 6 years, 2 months ago
Posted by Mohd Muzammil 6 years, 2 months ago
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Yogita Ingle 6 years, 2 months ago
1. Small-scale industry Increases Production
2. Small-scale industry Increases Export
3. Small-scale industry Improves Employment Rate
4. Small-scale industry Open New Opportunities
5. Small-scale industry Advances Welfare
Posted by Md Ashraf 6 years, 2 months ago
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Sia ? 6 years, 2 months ago
Bank rate is applicable to long term lending by the central bank to commercial banks and is governed by the long-term interest rate.
Repo rate is the rate of interest at which central bank lends money to commercial banks for short period. Increase in Repo rate reduces the money supply in the economy and vice versa.
Reverse Repo rate is the rate at which central bank of a country borrows money from commercial banks. It is fixed by the central bank. Increase in Reverse Repo rate reduces the money supply in the economy. Decrease in this rate will increase the money supply in the economy.
Posted by Abhishek Gupta 6 years, 2 months ago
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Sia ? 6 years, 2 months ago
Deficient demand and excess demand can be distinguished from each other in the following manner:
- Deficient demand is a situation, which occurs due to excess of aggregate supply of output over the aggregate demand for output at the level of full employment. On the other hand, excess demand is a situation, which occurs due to the excess of aggregate demand for output over the supply of output at the level of full employment.
- Deficient demand generates a deflationary gap. But excess demand generates an inflationary gap.
- Deficient demand leads to a fall in output, employment, and price level. But excess demand leads only to an increase in the price level. Between the two – excess demand and deficient demand, the latter is worse.
Posted by Vaibhav Churoria 6 years, 2 months ago
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Vaibhav Churoria 6 years, 2 months ago
Purva Bhardwaj 6 years, 2 months ago
Posted by Kritika Shekhawat 6 years, 2 months ago
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Yogita Ingle 6 years, 2 months ago
- People living in rural ares do not have qualified medical functionaries, and non- access to basic medicines and medical facilities .
- Due to non accessibility to public health care and low quality of health care services, a majority of people in India turn to the local private health sector as their first choice of care.
- If we look at the health landscape of India 92 percent of health care visits are to private providers of which 70 percent is urban population.
Thus there is no development in rural health infrastructure.
Posted by Anuj Vasuja 6 years, 2 months ago
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Zainul Aabdeen 6 years, 2 months ago
Gaurav Seth 6 years, 2 months ago
Legal tender money is defined as follow:
Money which can be legally used to make payment of debts or other obligations is termed as legal tender money. A creditor is obliged by law to receive such money in payment of debt due to him.
Posted by Tom Crus 6 years, 2 months ago
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Kritika Shekhawat 6 years, 2 months ago
Posted by Priyanka Jangid 6 years, 2 months ago
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Tom Crus 6 years, 2 months ago
Posted by Preet Kaur 6 years, 2 months ago
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Jagminder Singh 6 years, 2 months ago
Posted by Preet Kaur 6 years, 2 months ago
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Gaurav Seth 6 years, 2 months ago
A situation in which a debt is difficult or impossible to repay, typically because high interest payments prevent repayment of the principal.
An incentive structure that lures individuals into accepting long-term debt obligations under conditions that strongly favor the lender. Victims of debt traps are often prevented from discharging the debt through techniques such as unusually high or variable interest rates, changing payment plans, and unreasonably high penalties for late payments.
Posted by Bharti Das 6 years, 2 months ago
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Sukirti Singh 6 years, 2 months ago
Posted by Nikku King 6 years, 2 months ago
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Ayesha Khan 6 years, 2 months ago
Posted by Abhi Jain Unneriya 6 years, 2 months ago
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Anjali Beniwal 6 years, 2 months ago
Bharti Das 6 years, 2 months ago
Posted by Aditya Pradhan 6 years, 2 months ago
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Sia ? 6 years, 2 months ago
The World Trade Organisation (WTO) was set up in 1995 as a successor to the General Agreement on Trade and Tariffs. The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. The goal is to help producers of goods and services, exporters, and importers conduct their business. It sets the rules for global trade. It has 150 members. All decisions are taken unanimously but it is dominated by the US, European Union and Japan. The developing countries complain of its non-transparent procedures. They are ignored by the developed countries.
The main functions of WTO are discussed below:
- To implement rules and provisions related to trade policy review mechanism.
- To provide a platform to member countries to decide future strategies related to trade and tariff.
- To provide facilities for implementation, administration and operation of multilateral and bilateral agreements of the world trade.
- To administer the rules and processes related to dispute settlement.
Posted by Ritik Sahu 6 years, 2 months ago
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Posted by Prachi Bhadana 6 years, 2 months ago
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Aniket Garg 6 years, 2 months ago
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Posted by Sehaju 3327 Manu Cheema3327 6 years, 2 months ago
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Abhi Jain Unneriya 6 years, 2 months ago
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Posted by Isha Vishwakarma 6 years, 2 months ago
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Shrawan Kashyap 6 years, 2 months ago
Posted by Peter_ Kængbur 6 years, 2 months ago
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Bhumika Marwah 6 years, 2 months ago
Purva Bhardwaj 6 years, 2 months ago
Shrawan Kashyap 6 years, 2 months ago
You can easily get a different dessert if the price rises too high. If the quantity doesn't change much when the price does, that's called inelastic demand. An example of this is gasoline.
Posted by Ritika Malik 6 years, 2 months ago
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Gaurav Seth 6 years, 2 months ago
The primary function of commercial banks is money creation in an economy. In the history of commercial banks, bankers know that the depositors would not be withdrawing all of their funds at a particular time.
This is why, they create credit in the form of much higher demand deposits than their cash reserves. Commercial banks issue loans on the basis of their demand deposits, even if only a fraction of the amount is with them as cash reserves.
In this way, they contribute to increasing the flow of money in an economy.
Posted by Rajwinder Singh 6 years, 2 months ago
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Purva Bhardwaj 6 years, 2 months ago
Posted by Vishal Verma 6 years, 2 months ago
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Priyanshi Meghrani 6 years, 2 months ago
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