Economy Basics for Prelims

Reits are investment vehicles that can be used by real estate players to attract private investment, while investors (both retail […]

Definition: Balance of Payment (BoP) of a country can be defined as a systematic statement of all economic transactions of a country

The base effect refers to the impact of the rise in price level (i.e. last year’s inflation) in the previous

Fiscal Deficit: The difference between total revenue and total expenditure of the government is termed as fiscal deficit. It is

What is a Non-Banking Financial Company (NBFC)? A NBFC is a financial institution that provides banking services without meeting the

ETFs are Index Funds An ETF is a basket of stocks that reflects the composition of an Index, like S&P

The Purchasing Managers’ Index (PMI) is an indicator of the economic health of the manufacturing and services sector. The PMI

Marginal Cost of funds based Lending Rate (MCLR) It refers to the minimum interest rate of a bank below which

Core industry can be defined as the main industry. In most countries, there is a particular industry that seems to

A municipal bond is a bond (debt security) issued by a local government, or their agencies. ‘Muni bonds’ are very