The evolution of banking in India is a fascinating journey that reflects the country’s socio-economic transformations. The banking sector has undergone significant changes from the colonial period to post-independence, the liberalisation phase to modern-day advancements. The following are the various phases of the evolution of banking in India and how it brought drastic changes to…
![Development of Systematic Investment Strategies for Stability in Retail Investment [2024]](https://anyfaq.org/wp-content/uploads/2024/05/Development-of-Systematic-Investment-Strategies-for-Stability-in-Retail-Inv_20240503_093243_0000-768x432.jpg)
Retail investment, the practice of individuals investing in financial assets, has gained immense popularity in recent years. With the rise of online trading platforms, increased financial literacy, and easier access to information, more people are engaging in investment activities. However, retail investors often face challenges such as market volatility, emotional decision-making, and lack of expertise,…
![The Global Financial Crisis: A Critical Study [2024]](https://anyfaq.org/wp-content/uploads/2024/04/The-Global-Financial-Crisis-A-Critical-Study-768x432.jpg)
The global financial crisis of 2007-2008 was one of the most significant economic events in modern history. It shook the foundations of the global financial system, leading to widespread economic downturns, bank failures, and severe socio-economic consequences across the world. In this critical study, we will delve into the root causes, contributing factors, and aftermath…
![Bond – Definition, Fundamentals, Regulation, and Importance [2024]](https://anyfaq.org/wp-content/uploads/2024/04/What-is-Bond-768x432.jpg)
“Bond” is a term frequently heard in the realm of finance, often cited alongside stocks and other investment vehicles. Bonds are essentially debt securities issued by governments, municipalities, corporations, or other entities to raise capital. They are a fundamental component of the global financial market, playing a crucial role in providing investors with fixed income…
A balanced budget is a financial concept wherein total revenues equal total expenditures within a specific period, typically a fiscal year. This equilibrium between income and spending ensures that a government, organization, or individual does not accumulate debt during that period. The principle of a balanced budget is foundational in fiscal management and is often…
![Automatic stabilizers: Definition, Mechanism and Significance [updated 2024]](https://anyfaq.org/wp-content/uploads/2024/04/Automatic-stabilizers-768x432.jpg)
Automatic stabilizers are a cornerstone of fiscal policy designed to mitigate the impact of economic fluctuations without requiring explicit government intervention. Unlike discretionary fiscal measures, which involve deliberate changes in taxation and government spending, automatic stabilizers operate passively, adjusting fiscal policy parameters in response to changes in economic conditions. They are inherent features of taxation…
![Allocative efficiency: Definition, Meaning and Significance [updated 2024]](https://anyfaq.org/wp-content/uploads/2024/04/Allocative-efficiency-768x432.jpg)
Allocative efficiency is a crucial concept in economics that refers to the optimal allocation of resources to maximize social welfare. It occurs when resources are allocated in such a way that the marginal benefit equals the marginal cost for all goods and services in an economy. In simpler terms, allocative efficiency is achieved when society…
![Definition of Absolute Poverty: Understanding and Significance [updated 2024]](https://anyfaq.org/wp-content/uploads/2024/04/Absolute-Poverty-768x432.jpg)
Absolute poverty is a profound issue that has plagued societies for centuries. Its impacts are dire, affecting not just individuals but entire communities and nations. In order to fully understand absolute poverty, we must delve into its definition, causes, consequences, and potential solutions. Introduction Absolute poverty, often referred to simply as poverty, is a condition…
Fiscal deficit is a fundamental concept in economics, representing the difference between a government’s total expenditures and its total revenue, excluding borrowings. It serves as a crucial indicator of a government’s financial health and its ability to meet its spending obligations without resorting to excessive borrowing. Understanding fiscal deficit requires exploring its definition, significance, measurement,…
![National Domestic Product (NDP): Calculation, Limitations and Significance [Updated 2024]](https://anyfaq.org/wp-content/uploads/2024/04/National-Domestic-Product-768x432.jpg)
The national domestic product (NDP) is a measure of the total economic output of a country that takes into account only goods and services produced within its borders. It is similar to gross domestic product (GDP) but excludes the depreciation of capital assets, such as machinery and equipment, which is accounted for in gross domestic…