What is meant by World Ozone Day?
On September 16, 1987, the United Nations and 45 other countries signed the Montreal Protocol, on substances that deplete the... View Article
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Why World Ozone Day is celebrated?
World Ozone Day is celebrated on September 16 every year to mark the day when the Montreal Protocol was signed.... View Article
What is the theme of World Ozone Day 2020?
The theme for 2021 for International Day for the Preservation of the Ozone Layer is ‘Montreal Protocol – ‘Keeping us,... View Article
What is theater command and how will it work and affect the Indian army?
The theatre command system is intended to bring better synergy between the three branches of the armed forces. Instead of... View Article
What is the main purpose of monetary policy?
The main purpose of monetary policy is to achieve economic growth, maintain a healthy inflation rate which will help in... View Article
What are the qualitative tools of monetary policy?
The qualitative tools of monetary policy are Rationing of credit, Consumer Credit Regulation, Guidelines, Margin requirements, Moral Suasion. You can... View Article
What are the two kinds of monetary policy?
The two kinds of monetary policy are expansionary and contractionary. The monetary policy implemented with the objective of reducing the... View Article
What is the most effective tool of monetary policy?
The most frequently used monetary policy is the Open Market Operations (OMO). The sale and purchase of Government securities for... View Article
Why did the barter system come to an end?
The invention of money led to the end of the barter system. It was a system which was used before... View Article
Why did the barter system fail?
There is the issue of double coincidence of wants, and common measure of value. Barter system will not work in... View Article
What are the features of the barter system?
The features of the barter system are there is no need for money to exchange commodities, there has to be... View Article
What is barter system and its problems?
A system of exchanging goods without using money is known as barter system. The problems associated with the barter system... View Article
Is the barter system legal?
On December 1, 2015, Reserve Bank of India (RBI) officially put an end to the barter system of trading along... View Article
Where is the barter system used today?
Centuries old annual barter trade takes place in Assam. This mela is known as Joon Beel Mela. People from Assam,... View Article
What are the disadvantages of the barter system?
One cannot carry forward the wealth in the barter system, an example would be one cannot store surplus rice for... View Article
What are the advantages of the barter system?
The advantages of barter system are, the system is simple, there are no complexities involved unlike monetary system, natural resources... View Article
What is a barter system with example?
Barter is a system where goods are exchanged without the use of money. In large economies, a barter system is... View Article
How is inflation calculated?
Percent inflation rate = (Final CPI Index Value/Initial CPI Value)*100 is the formula used for calculating inflation. You can read... View Article
What is the difference between stagflation and inflation?
Stagflation is a situation where unemployment is very high, economic growth rate is too low, and inflation rate is high.... View Article
AIR Spotlight – New Strides in Food Processing Sector
AIR Spotlight is an insightful program featured daily on the All India Radio Newsonair. In this program, many eminent panellists... View Article
