Economy Basics for Prelims

Marginal standing facility is a window for banks to borrow from Reserve Bank of India in emergency situation when inter-bank […]

What is Gratuity? Gratuity is the monetary benefit provided by the employer to his/her employee for the services rendered by

Automated Teller Machines (ATMs) set up, owned and operated by non-bank entities are called White Label ATMs. These White Label

Declaration of the Fugitive Economic Offender According to the Fugitive Economic Offenders Act, 2018 a fugitive economic offender is a

Panda bonds are Chinese renminbi-denominated bonds from a non-Chinese issuer, sold in the People’s Republic of China. The first two Panda bonds were issued in

Consumer Price Index (CPI): Consumer Price Index (CPI) is based on the final prices of goods at the retail level.

Wholesale Price Index (WPI): Wholesale Price Index (WPI) is based on the price prevailing in the wholesale markets or the

GDP: Gross Domestic Product (GDP) is the total money value of final goods and services produced in the economic territories