Define money? Explain the functions of money.
Meaning of Money: Money is a monetary thing which is acceptable by all, generally it is a material of exchange. What we use to pay for things is referred as money. Money is an important…
What are commercial banks? Explain its credit creation.
Introduction: Commercial banks are financial institutions that offer services to individuals, businesses, and other organizations. They are primarily engaged in accepting deposits from customers and providing loans and credit facilities, among other financial services. Credit…
What is Budget Deficit? Explain the types of Budget Deficit.
Meaning: A budget deficit occurs when a government’s expenditures exceed its revenues within a given period, typically a fiscal year. In other words, it’s the shortfall between what the government spends and what it earns…
ECONOMICS – 3 ECONOMIC THEORY AND PUBLIC FINANCE
UNITWISE IMPORTANT QUESTIONS. UNIT – 1 – NATIONAL INCOME. TEN MARKS QUESTIONS. SIX MARKS QUESTIONS. UNIT – 2 – THEORIES OF EMPLOYMENT. TEN MARKS QUESTIONS. SIX MARKS QUESTIONS. UNIT – 3 – ECONOMIC GROWTH AND…
Define Budget? explain the components of budget.
Meaning of Budget: The term budget is derived from the word BOUGETTE which means a leather bag containing financial papers. Budget is a financial statement of anticipated revenue and expenditure of the govt. for the…
What is Budget? Explain the types of budget?
Introduction: The term budget is derived from the word BOUGETTE which means a leather bag containing financial papers. Budget is a financial statement of anticipated revenue and expenditure of the govt. for the coming financial…
Explain the causes for increasing public debt.
Meaning of Public Debt: Public debt refers to the total amount of money owed by the government to creditors, both domestic and foreign. It is the accumulation of past borrowing by the government through issuing…
Explain the methods of Redemption of public debt.
Introduction: Public debt refers to the total amount of money owed by the government to creditors, both domestic and foreign. It is the accumulation of past borrowing by the government through issuing bonds, bills, and…
Explain the importance of public expenditure.
Meaning: Public expenditure is expenditure which is incurred by the government for its own maintenance and for prevailing the economic and social welfare of the people. Modern governments have to perform complex functions due to…
What is public debt? explain its types.
Meaning: Public debt refers to the total amount of money owed by the government to creditors, both domestic and foreign. It is the accumulation of past borrowing by the government through issuing bonds, bills, and…