Economics Terms

5. It is the aggregate of total flow of goods and services produced by an economy in a year(Use abbreviation)
6. refer to commercial loans with a minimum three-year maturity that can be raised from lenders from overseas where interest rates are lower than in India(Use abbreviation)
7. These are inferior goods that people consume more even if the price rises
8. ported product, the tax levied at the point of entry into the importing country
9. Deliberate downward adjustment to value of a country’s currency relative other currencies
11. Is an individual who sells shares in a hope that the stock's price would fall
12. In this form of market, there are a small number of firms that have more than 40% of the market share
17. It is a type of market structure having one seller and many buyers
18. The principle of non-intervention of government in economic affairs
19. The degree of responsiveness of quantity demanded or supplied to a change in price
20. ratio of cash in hands, exclusive of cash balance maintained by ranks to meet required CRR, but no excess reserves(Use abbreviation)

1. It is a measure of inflation, or price change, arrived at after regularly measuring the prices of a slew of wholesale goods(Use abbreviation)
2. Decline in the general price level of goods and services leading to rise in the value (purchasing power)
3. Which policy does central bank use to influence the course of an economy through decisions on money supply and interest rate
4. The term refers to Govt selling its equity stake in companies it owns
5. GDP plus net factor income from abroad(Use abbreviation)
10. Refers to the ratio which banks have to maintain with the RBI as the certain percentage of their holdings of cash and their time liabilities(Use abbreviation)
13. Is an individual who buys shares in a hope that the stock's price would rise
14. It is a measure of inflation, or price change, arrived at after regularly measuring the prices of a slew of household goods and services.(Use abbreviation)
15. It is a trade measure that shows the value of a country’s imports of goods and services to be higher than the value of its exports(Use abbreviation)
16. Which policy does Govt use to influence the course of an economy through decisions on taxes and spending