Economics

Repo Rate

Repo Rate

When banks need money they can borrow from the RBI against their surplus government securities at a ...

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Fiscal Responsibility and Budg

Fiscal Responsibility and Budget Management Act (FRBMA) 2003

It empowers the state governments to go for market borrowings to fulfill their plan expenditure with...

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Economic Census

Economic Census

Conducting periodic Economic Census has been the means of measuring the diversity of non-farm econom...

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Roles of State in an Economy

Roles of State in an Economy

There can be three kinds of roles for the state in an economy viz. regulator, producer/ supplier of ...

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Types of Economy

Types of Economy

According to the responsibility and the structure of production and distribution network, world econ...

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Escrow Account

Escrow Account

It is a separate bank account to hold money which belongs to others and where the money parked will ...

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Gross Domestic Product (GDP)

Gross Domestic Product (GDP)

It is the final value of all final goods and services produced within the boundary of a nation durin...

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Swift Norms

Swift Norms

It stands for the Society for Worldwide Interbank Financial Telecommunications.   The S...

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Galloping Inflation

Galloping Inflation

Galloping Inflation is mild inflation is not checked and if it is uncontrollable, it may assu...

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Hyperinflation

Hyperinflation

Hyperinflation is a stage of very high rate of inflation. While economies seem to survive under gall...

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Marginal Standing Facility

Marginal Standing Facility

The Reserve Bank of India in its monetary policy for 2011-12, introduced the MSF, under which banks ...

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Marginal Cost of Funds Based L

Marginal Cost of Funds Based Lending Rate (MCLR)

The new methodology, MCLR, was articulated by the RBI in December 2015.   The main features o...

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