ECONOMICS MAGAZINE

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Across
  1. 2. It is an index published by The Economist as an informal way of measuring the purchasing power parity(PPP) between two currencies and provide a test of the extent to which market exchange rates result in goods costing the same in different countries.This index created in 1986 takes its name from a product which is sold at McDonald's
  2. 3. In macroeconomics______versus______mode is an example of a simple production-possibility frontier.It demonstrates the relationship between nation's investment in Defence and civilians goods and is used generally as a simplification of national speaking as a part of GDP.Fill in the blanks
  3. 5. It was the second largest airline in India with a 17.8% passenger market share.Incorporated in 1992 as a limited liability,It began operations as an air taxi operator in 1993.It has currently temporarily suspended all flight operations as of 2019.
  4. 8. It is the rat eat which RBI lends to its client generally against government securities.Reduction in it helps the commercial bank to get money at a cheaper rate and increase in it discourages the commercial bank from taking money
Down
  1. 1. It was a part of the largest financial crisis of the 20th century which had a major impact on the world economy,it was the result of of an unsustainable boom in share prices,caused by the investor from buying shares on margin and overconfidence in sustainability of economic growth.
  2. 4. This diplomacy refers to the exchange of table tennis players between the United States(US) and People's Republic of China(PRC) in the early 1970s, that began during the 1971 World Table Tennis Championship in Nagoya,Japan as a result of an encounter between players Glenn Cowan (of the US) and Zhuang Zedong(of the PRC).The event marked a thaw in Sino-American relations that paved the way to a visit to Beijing by President Richard Nixon in 1972.It has been seen as a key turning point in relations and the policy approach has since been carried out elsewhere.
  3. 6. It is an intergovernmental organisation of 14 nations,founded in 1960 in Baghdad by the first five members.The member countries account for an estimated 44% of global production of oil and 81.5% of the world's oil reserve
  4. 7. 11th century Italy was the center of Europeans trading merchants from all over the continent met to trade their goods. But there was one problem,there were too many currencies in circulation.In Pisa merchants had to deal with 7 different types of coins and had to exchange their money constantly.This exchange business which commonly took place outdoors on benches,which is where we get this word from Italian or French word for bench.