Economy Basics for Prelims

The government will soon come out with a policy on strategic sectors and simultaneously kick into motion a process of […]

Red Herring Prospectus A company which wants to raise funds from public via public issues (IPO) is needed to file

Agricultural Infrastructure Development Cess (AIDC): Cess is a kind of special-purpose tax which is levied over and above basic tax

Money Laundering: Money laundering is the process by which large amounts of illegally received money is given the appearance of

Budget and Constitutional Provisions: According to Article 112 of the Indian Constitution, the Union Budget of a year is referred to as

 K-Shaped Recovery: A K-shaped recovery occurs when, following a recession, different parts of the economy recover at different rates, times, or

There are two type of accounts i.e. Current and Capital. Balance of Payment (BoP) The balance of payments is a

Government Securities (G-secs): A Government Security(G-Sec) is a tradable instrument issued by the Central Government or the State Governments. It acknowledges the Government’s

What is Current Account? Current account maintains a record of the country’s transactions with other nations, in terms of trade

What is Gross Fixed Capital Formation(GFCF)? Gross Fixed Capital Formation(GFCF) represents investment demand in the economy. As per RBI, GFCF refers to