Black Tigers are a rare colour variant of the tiger and are not a distinct species or geographic subspecies. Reports suggest an estimated 37% of... View Article
On September 16, 1987, the United Nations and 45 other countries signed the Montreal Protocol, on substances that deplete the Ozone layer. This... View Article
World Ozone Day is celebrated on September 16 every year to mark the day when the Montreal Protocol was signed. The Montreal Protocol started... View Article
The theme for 2021 for International Day for the Preservation of the Ozone Layer is 'Montreal Protocol - 'Keeping us, our food and vaccines... View Article
The theatre command system is intended to bring better synergy between the three branches of the armed forces. Instead of separate commands for... View Article
The main purpose of monetary policy is to achieve economic growth, maintain a healthy inflation rate which will help in maintaining a robust... View Article
The qualitative tools of monetary policy are Rationing of credit, Consumer Credit Regulation, Guidelines, Margin requirements, Moral Suasion. You... View Article
The two kinds of monetary policy are expansionary and contractionary. The monetary policy implemented with the objective of reducing the... View Article
The most frequently used monetary policy is the Open Market Operations (OMO). The sale and purchase of Government securities for absorption and... View Article
The invention of money led to the end of the barter system. It was a system which was used before the invention of the money. You can read about... View Article
There is the issue of double coincidence of wants, and common measure of value. Barter system will not work in large economies. Hence the barter... View Article
The features of the barter system are there is no need for money to exchange commodities, there has to be double coincidence of wants, which... View Article
A system of exchanging goods without using money is known as barter system. The problems associated with the barter system are inability to make... View Article
On December 1, 2015, Reserve Bank of India (RBI) officially put an end to the barter system of trading along the Indo-Myanmar border. However,... View Article
Centuries old annual barter trade takes place in Assam. This mela is known as Joon Beel Mela. People from Assam, Arunachal Pradesh and Meghalaya... View Article
One cannot carry forward the wealth in the barter system, an example would be one cannot store surplus rice for long periods of time as rice is a... View Article
The advantages of barter system are, the system is simple, there are no complexities involved unlike monetary system, natural resources will not... View Article
Barter is a system where goods are exchanged without the use of money. In large economies, a barter system is not feasible due to the massive... View Article
Percent inflation rate = (Final CPI Index Value/Initial CPI Value)*100 is the formula used for calculating inflation. You can read about... View Article
Stagflation is a situation where unemployment is very high, economic growth rate is too low, and inflation rate is high. Inflation is the rate at... View Article