Economics

Economics an Introduction

Economics an Introduction Hi All Competitive exam Aspirants, Here we have updated notes for Economics an Introduction. Tnpsc Economics Study Materials Pdf Download What is the first occupation known by men? Agriculture What is called as agriculture? The basic needs of man are food, clothing and shelter. The food we …

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Fiscal Policy

1. What is public finance? Public finance or government finance is a field of economics. It deals with budgeting the revenues and expenditures of government (or public sector). 2. What is Fiscal economics? Fiscal economics is another name for public finance. 3. What was the role of government in early …

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Monetary Policy

1. What is the importance of money? Money has become so important that the modern economy is described as money economy. Modern economy cannot work without money. 2. What is barter system? Barter is the direct exchange of goods for goods. It is a system of trading without the use …

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Human Resource Development

1. What is HRD? The term ‘Human Resource Development’ (HRD) is used with different meanings in different contexts. According to F.H. Harbison, human resources are “the energies, skills, talent and knowledge of people which are, or which potentially can or should be applied to the production of goods or the …

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Foreign Trade

1. What is globalization? The term “Globalization” means the integration of the economy of each country with the world economy. 2. What are the trends in globalization? 1) Spread of international trade. 2) Increasing migration of people. 3) Increasing flow of money or means of payments. 4) More capital flows. …

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Banking

1. What is most used form of bank? The name ‘bank’ is usually used in the sense of commercial bank 2. From where do the word bank derived? The word ‘bank’ seems to have originated from the Germanic world ‘banck’ which means a joint stock fund or heap. It is …

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Industrial Sector

1. What is industrialization? Industrialization means widespread development of manufacturing vast quantities of goods, employing a large number of people, promoting international market, characterization of specialized skill, science, technology, increasing application of electrical, electronic, computer technologies to enhance productivity. 2. What are the important reasons for industrial development? Raising National …

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Agriculture

Which is the backbone of our economy? Agriculture What is the major source of livelihood in our economy? Agriculture What are the Role of agriculture? Contribution to National Income: Agriculture contributes even now a major share of the national income in India Major source of Livelihood: The main source of …

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Economic Planning

Which was the era of planning? 20th century How was planning in socialist country? Religion Name some countries which had capitalist system? U.S.A and U.K Which system was followed in 19th century? Laissez faire state. Which was the first country to practice planning? Soviet Russia Give the definitions of economic …

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