GS paper 3

Difference Between BSE and NSE, Definition, Comparison

Difference Between BSE and NSE In the fast-paced world of finance and investing, stock exchanges play a pivotal role in facilitating the buying and selling of securities. In India, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE)...

Special Economic Zone, Objective, Feature, Importance & Challenges

Special Economic Zone The designation of a special area or enclave within a country's national boundaries is known as a special economic zone (SEZ). These designated zones differ from the rest of the areas in that they have more lenient...

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...

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,...

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...

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,...

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....

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...

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...

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...