UPSC Exam Study Materials

The capital market is a market where long-term financial securities are traded.

Money Market is the segment of the financial market where short-term (≤ 1 year) high liquid-ity instruments are traded.

Accepting deposits for lending/investment, repayable on demand/otherwise, withdrawable by cheque, draft, or order.

Sustained rise in the general price level of goods and services. Measured as a percentage change in a price index.

India’s Central Bank, the Reserve Bank of India (RBI), was established on 1 April 1935 based on the recommendations of the….

Government receipts show the various sources from which the government raises financial re-sources.

Fiscal Policy, also called Budgetary Policy, refers to the government’s policy of taxation, public expenditure…

A government budget is a financial statement that shows how much money the government expects to earn…

OECD:- Growth that is fairly distributed and creates opportunities for all.

Resource mobilization: Identification, unlocking, and optimal use of resources for development. Focus: Right resource, right time, right price, right use.

Genesis of NITI Aayog – Established on 1 January 2015, replacing the Planning Commission. Aim: Bottom-up planning, Maximum Governance–Minimum Government.

After Independence, India chose a Socialist pattern of development within a Mixed Economy
framework. The private sector was allowed and encouraged in business and industry.

Economic Planning is a systematic process where the government identifies economic problems, prioritizes them, sets targets, mobilizes resources, and implements policies to achieve development goals.

A parliamentary system is a democratic structure where: The party with the majority in the legislature forms the government.