GS paper 3

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...

Types of Banks in India List, Category, Functions, Importance

Types of Banks in India The banking system in India is a large and complex network of banks, financial institutions, and regulatory bodies. The Reserve Bank of India (RBI) is the central bank responsible for regulating and supervising the banking...

Mixed Economy Definition, Examples, Features, Merits & Demerits

Mixed Economy A mixed economy is an economic system that combines elements of both a free market economy and a command economy. In a mixed economy, the government and private sector both play important roles in economic decision-making. In a...

Socialist Economy Definition, Examples, Features, Merits & Demerits

Socialist Economy  A Socialist Economy is an economic system in which the means of production, such as land, factories, and machinery, are owned and controlled by the state or the community as a whole, rather than by private individuals or...

Capitalist Economy, Definition, Examples, Features, Merits & Demerits

Capitalist Economy A Capitalist Economy is an economic system characterized by private ownership of the means of production and distribution of goods and services. In a Capitalist Economy, individuals and businesses are free to make their own economic decisions, and...

Types of Economy System & Sectors, Definition, Examples

Types of Economy There are several types of economy, each with its own characteristics and strengths. The most common Types of Economy include Traditional Economy, Command Economy, Market Economy, Mixed Economy, Green Economy, Sharing Economy, Digital Economy, Developed Economy, Emerging...

Macroeconomics and Microeconomics, Scope, Difference & Limitations

Macroeconomics and Microeconomics  Economics is the social science that studies how individuals, businesses, governments, and societies make choices about how to allocate resources to satisfy their needs and want. Economics is concerned with analyzing how people make decisions, how markets...