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Economy One-Liners for various competitive examinations
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Here are some important Economy one-liners for students competing for various exams
Watch some of the important Economy Bits below.
1-A stock exchange is an organised market, i.e association of persons or firms to regulate and supervise all transactions, rules, regulations and standard practices to govern all market transactions. In other words, the stock exchange is an institution for orderly buying and selling of listed securities.
2-National Stock Exchange (NSE) was set up in 1984. Its share index is known as Nifty and it grew rapidly to become India’s biggest exchange
3-The NSE became the first stock exchange in India to admit overseas shareholders
4-Bombay Stock Exchange (BSE) is known to be India’s oldest stock exchange that formally came into being in 1887.
5-Bombay Stock Exchange (BSE) was a regional exchange till 2002 when it became a national exchange.
6-Counter Exchange of India (OTCEI) was set up in 1989 but began to trade only in 1992.
7-Securities and Exchange Board of India (SEBI) was set up in 1988 in place of the Controller of Capital Issue.
8-The SEBI was made a statutory body in 1992. The main regulatory institution of the Indian capital market is SEBI only.
9-The office of SEBI is situated in Mumbai with its regional offices at Kolkata, Delhi and Chennai.
10-The Industrial Finance Corporation of India (IFCI) established in 1948 under an Act of Parliament.
11-Industrial Credit and Investment Corporation of India (ICICI) was established in 1955 for promoting and Money supply is the stock of liquid assets held by the public.
12-The four concepts of money used in calculating money supply are known as the money stock measures or measures of monetary aggregates
13-Inflation is an increase in the price of goods. It can be seen as a devaluation of the worth of money.
14-Money supply or money stock is the total amount of monetary assets available in an economy at a specific time.
15-Changes in the price level are measured by the Wholesale Price Index, Consumer Price Index, and Gross Domestic Product (GDP) Deflator.
16-Demand Pull Inflation is the conventional inflationary situation of ‘too much money chasing too few goods’. It occurs when excessive demand for commodities increases their prices.
17-Stagflation is a situation when high rates of inflation coexist with a high rate of unemployment (a combination of stagnation and inflation).
18-Consumer Price Index (CPI) is the retail price average of a basket of goods and services directly consumed by the people.
19-Hyperinflation refers to a situation of runaway inflation reaching even up to 100 percent per annum.
20-Deflation is that state in which the value of money rises and the price of goods and services falls.
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