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| Anurag Educational Academy |
This video contain questions and their answers on the basis of UGC NET/JRF (Economics) Syllabus as well as brief discussion about the following important topics:
👉High-powered money
( H=CC+Reserve with the banks)
👉RBI:
✔Established- 1 April 1935(Indian Regulating Act 1935)
✔Nationalization-1 January 1949
✔1st Governor- Osborn Smith
✔1st Indian Governor-C.D.Deshmukh
👉Unemployment(Video Link)
👉Excise Duties-Tax Revenue(Indirect Tax), Central Government Receipts (Video Link)
👉Pump-Priming: Injection of Money in the economy during Deflation.
Pump-priming is a process of Reinflation.
👉A.W. Phillips-1958-Phillips Curve(Trade off between Rate of Inflation and Rate of Unemployment)
Stable When the inertial Inflation Rate remain unchanged.
Long run Phillips curve is a vertical Straight line.
👉Stagflation:Higher the inflation with higher unemployment
👉Vicious Cycle of Poverty-1961-Ragner Nurkse
"Probability Of Capital Formation In Under Developed countries "
👉2nd Five Year Plan(1956-1961)
✔P.C. Mahalnobis Model(Popularly known PCM Model)
✔Main Focus- Secondary Sector(Industries)
✔Iron Steel Plant
📌Durgapur-West Bengal-with the help of Britain
📌Raurkela- Odisha-with the help of Germany
📌Bhilai- Chhatisghar-with the help of USSR Federation
✔Prashat Chandra Mahalnobis:
📌Father Of Indian Statistics
📌Birth 29 June -National Statistics Day
📌Indian Statistical Institute-1932, Kolkata
👉After World War 2nd , K.N.Raj estimated the Balance of Payments first time for the RBI
👉A. K. Sen - Nobel Prize-1998
-Bharat Ratna-1999
👉Theory of Unlimited Labour Supply-A. Lwis-1954
👉Economic Actual Growth depends on two things-
✔Level of Saving
✔Capital Output Ratio
📌Higher the saving, higher the investment
📌Lower capital Output Ratio means that most efficient investment
(G=s/C)
Rate of Economic Growth =Level of Savings/Capital Output Ratio
Playlist Link: "Only 10 Question"Series
Thankyou...
Anurag Educational Academy
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