General Studies Paper 3
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Gross Value Added (GVA), Concept, Formula, Benefits, Issues
Gorss Value Added (GVA) Gross Value Added (GVA) is a crucial macroeconomic indicator that assesses the value of goods and services produced in an economy, accounting for the costs of inputs and raw materials utilized in the production process. It...
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Last updated on June 30th, 2023 11:39 am -
Circular Flow of Income, Phases, Types, Example, Significance
Circular Flow of Income In the vast interconnected web of economic transactions, the Circular Flow of Income serves as the lifeblood that propels economies forward. This fundamental concept captures the dynamic flow of money, resources, and goods between households, businesses,...
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Last updated on June 30th, 2023 11:39 am -
Net Domestic Product, Definition, Real and Nominal NDP
Net Domestic Product (NDP) In the realm of economics, numerous indicators are utilized to gauge the health and performance of a nation's economy. One such significant measure is the Net Domestic Product (NDP). As a widely recognized indicator, NDP plays...
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Last updated on June 30th, 2023 11:39 am -
Gross National Product, Definition, Nominal GNP and Real GNP
Gross National Product (GNP) Introducing the Gross National Product (GNP), an essential economic indicator that captures the total value of a nation's economic output. It offers valuable insights into a country's economic performance, reflecting the combined efforts of its residents,...
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Last updated on June 30th, 2023 11:39 am -
Quantum Computing, Difference from Classical Computing, Application
Quantum Computing Quantum Computing: A branch of computing known as quantum computing is founded on the concepts of quantum theory, which describes how energy and matter behave at the atomic and subatomic scales. Quantum bits, or qubits, are being used....
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Last updated on June 28th, 2023 11:43 am -
Gross Domestic Product, Definition, Real and Nominal GDP
Gross Domestic Product (GDP) GDP (Gross Domestic Product) stands as a cornerstone in assessing the economic health and performance of a nation. It serves as a vital indicator for policymakers, economists, and analysts, providing valuable insights into the size, growth,...
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Last updated on June 30th, 2023 11:39 am -
External Debt of India, Meaning, Impact, Significance
External Debt of India India's External Debt has become a critical subject of analysis and concern in recent years, as the country's economic landscape continues to evolve. As one of the world's fastest-growing major economies, India has experienced significant changes...
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Last updated on June 30th, 2023 11:41 am -
Concept of GDP, GNP, NNP and NDP, Basic Economy Terms
Concept of GDP, GNP, NNP and NDP In the realm of economics, comprehensive measurements are crucial for assessing the health and performance of a nation's economy. Key among these indicators is GDP, GNP, NNP, and NDP, which provide insights into...
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Last updated on June 30th, 2023 11:41 am -
NRI Deposits, Difference Between NRE, NRO and FCNR Account
NRI Deposits NRI deposits have become a prominent aspect of India's financial landscape, serving as a key component of the country's economic growth and stability. These deposits, contributed by Non-Resident Indians, hold immense significance in bolstering India's Foreign Exchange Reserves...
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Last updated on June 30th, 2023 11:41 am -
Foreign Contribution Regulation Act (FCRA), Salient Features
Foreign Contribution Regulation Act (FCRA) The Foreign Contribution (Regulation) Act (FCRA) was enacted in 1976 during the Emergency period in India. Its purpose was to regulate foreign donations received by individuals and associations to ensure they operate in a manner...
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Last updated on June 30th, 2023 11:41 am
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