Economy Basics for Prelims

Shrinkflation: Shrinkflation is the practice of reducing the size of a product while maintaining its sticker price. It is a form of […]

The use of the dollar as a financial weapon against Russia by the U.S. has resulted in countries taking up

Types of Unemployment in India Disguised Unemployment: It is a phenomenon wherein more people are employed than actually needed. It is

What is a Non-Performing Asset? NPA refers to a classification for loans or advances that are in default or are in

What is a Dollar–Rupee Swap auction? It’s a forex tool whereby the central bank uses its currency to buy another currency or vice versa.

Surge in global energy prices trigger a ‘terms-of-trade’ shock, where import prices rise faster than export prices, for large net energy importers

Inflation: Inflation refers to the rise in the prices of most goods and services of daily or common use, such as food,

Core Inflation excludes volatile goods from the basket of commodities tracking Headline Inflation. These volatile commodities mainly comprise food and

Amid disruptions caused by Covid-19, the Finance Minister has referred to an Act of God while businesses are looking at

The International Centre for Automotive Technology (ICAT) is developing a technology platform for the automotive industry called ASPIRE – Automotive