APSC Prelims and Mains Notes, APSC Test Series
Inflation is the general increase in the price level of basket of commodities. In every country there are certain index to map inflation. Following are different types of Inflation: Creeping Inflation: When prices rise at very slow rate, i.e. creeper’s speed, it is called ‘creeping inflation. Generally 3% annual rise in prices is considered as … Read more
Demand-Pull Effect The demand-pull effect states that as wages increase within an economic system (often the case in a growing economy with low unemployment), people will have more money to spend on consumer goods. This increase in liquidity and demand for consumer goods results in an increase in demand for products. As a result of … Read more
Table of Content:- Public Finance Monetary Policies Inflation & Control Mechanism, Repo Rate Reverse Repo Rate CRR SLR. Public Finance Public finance is the study of the role of the government in the economy. It is the branch of economics which assesses the government revenue and government expenditure of the public authorities and the adjustment … Read more
inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services.It is the percentage change in the value of the Wholesale Price Index (WPI) on a year-on year basis. It effectively … Read more
Inflation is the sustained increase in the general price of goods and services and hence it reduces the purchasing power of Rupee. But some mild inflation is good for an economy as it help to grease the wheels of the commerce. There are various ways to control Inflation: Fiscal ways: Reduction in … Read more