GS paper 3

Consumer Price Index of India, Definition, Formula, Types, Base Year

Consumer Price Index The Consumer Price Index (CPI) in India measures the average change in prices of a fixed basket of goods and services consumed by households over time. It measures the Inflation rate in India and is commonly used...

Phillips Curve, Definition, Graph, Formula, Equation, Significance

Phillips Curve The Phillips curve is a macroeconomic concept that describes the inverse relationship between unemployment and inflation. It is named after the economist A.W. Phillips who first described the relationship in an academic paper published in 1958. Phillips analyzed...

Lorenz Curve, Definition, Diagram, Formula, Examples

Lorenz Curve The Lorenz curve is a graphical representation of income distribution within a population. It is used to show the proportion of total income earned by a given percentage of households or individuals in a society. The curve is...

Purchasing Power Parity Theory, How to Calculate, India vs USA

Purchasing Power Parity Purchasing Power Parity (PPP) is an economic concept that measures the value of a country's currency in terms of its ability to purchase goods and services, relative to another country's currency. In other words, PPP is a...

GDP Deflator Formula, Meaning, Equation, Base Year, Benefits

GDP Deflator The GDP Deflator is an important economic indicator that helps to measure the changes in the price level of goods and services produced in an economy. It provides a way to adjust the nominal GDP (which is the...

Basel Norms in India, History, Types, Pillars, Purpose

Basel Norms The Basel Norms, also known as the Basel Accords, are a set of international banking regulations that provide a framework for the supervision, regulation, and risk management of banks. These norms were developed by the Basel Committee on...

Types of Inflation in Economics, Definition, Causes & Effects

Types of Inflation Inflation is the rate at which the prices of goods and services in an economy increase over time. In other words, it means that your money can buy less than it used to. For example, if the...

SEBI, Functions, Establishment, Objectives, Act, Chairman

SEBI SEBI's full form is the Securities and Exchange Board of India, which is the regulatory body for the securities market in India. It was established in 1988 to protect the interests of investors and to promote the development of...

Commercial Banks, Definition, Functions, Types, Roles

Commercial Banks Commercial banks are financial institutions that are primarily engaged in accepting deposits from individuals and businesses and providing loans and credit facilities to borrowers. They are for-profit organizations that operate with the primary objective of generating profit for...

Types of Bank Accounts in India List, Provisions, Benefits

Types of Bank Accounts in India Bank accounts in India are broadly classified into different types based on their purpose and features. They offer various benefits and facilities to their customers such as safe storage of funds, easy access to...