31 Dec, 2020
43 Min Read
|GS-II||Govt missions in other countries||International Relations|
|GS-III||Current Account Surplus||Economic Issues|
|PT Pointer||COVID Vaccine: UK approves Oxford vaccine||S&T|
|Akash missile to be exported||Internal security|
|China to launch 3rd Aircraft carrier in 2021||International Relations|
|Important GS Topics||Inflation and Monetary Policy Committee||Economic Issues|
What is the news?
Balance of Payments (BoP)
The balance of payments (BoP) record the transactions in goods, services and assets between residents of a country with the rest of the world.
1) Current Account
2) Capital Account
It includes the following:
For a complete document on the Missile system of India: click here.
Source: Times of India
What is the news?
What is Inflation?
Types of Inflation
1) Cost Push Inflation
2) Demand Pull Inflation
Other Types of Inflation
What causes Inflation?
How to measure Inflation?
1) Consumer Price Index (CPI)
Wholesale Price Index (WPI)
What is the difference between WPI & CPI?
Headline Retail Inflation vs Core Inflation
Urjit Patel Committee on Monetary Policy Committee
Monetary Policy Committee, 2015
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