1600 QUESTION AND ANSWER FOR INDIAN POLITY FULL BOOK - DAILY JOB ALERT FOR FREEE

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Wednesday, June 3, 2020

1600 QUESTION AND ANSWER FOR INDIAN POLITY FULL BOOK


For this group 2 and group 2A exam 1500 questions and answers were given for your exams preparation these were given by INDIAN POLITY. These questions where helpful to clear the exams. Make use of this PDF you can clear the exam in a successful manner.


 For future exams, these questions are very helpful you to clear the exam. In this PDF we have given Tamil as well as English medium. Make use of these notes in a useful manner so that you can achieve your goal. The practice must be there to clear the exam make use of these notes in a useful manner. 


These questions are given by INDIAN POLITY they are free from cost. Have patience and work hard. If you practice well you will reach your goal. If you fell the notes we're useful for you to share with your friends and family circle. So that they can also feel easy to clear the exams. make use of it. 




IMPORTANT POINTS  FOR INDIAN POLITY:-

Presentation The subject of Economics is grouped into two branches, to be specific, Micro Economics and Macro Economics.  Ragnar Frisch, a Norwegian economist and the co-recipient of the first Nobel Prize in Economic Sciences coined the words ‘micro’ meaning small and ‘macro’ meaning large in the year 1933. However, 

macroeconomics in its modern form began with John Maynard Keynes and his book “The General Theory of Employment, Interest and Money” published in 1936. Keynes offered a clarification for the aftermath of the Great Depression when merchandise stayed unsold and laborers jobless. 

Consequently, Keynes is viewed as the 'Father of Modern Macro Economics'.

  Meaning of Macro Economics The word ‘Macro’ is derived from the Greek word ‘macros’ meaning ‘large’. Hence, Macro Economics is the study of  the economy as a whole. In other words, macroeconomics deals with aggregates such as national income, employment, and output.    Macroeconomics helps to make meaningful comparisons and analyses of economic indicators.

  Macroeconomics helps for a better prediction about the future and to formulate suitable policies to avoid economic crises. The extent of Macro Economics The investigation of large scale financial matters has wide extension and it covers the significant territories as follows 

 National Income: Measurement of national salary and its structure by areas are the essential parts of the macroeconomic examination.  The trends in National Income and its composition provide a long term understanding of the growth process of an economy. 

 Inflation: Inflation refers to a steady increase in the general price level.

Estimating the general price level by constructing various price index numbers such as the Wholesale Price Index, Consumer Price Index, etc, are needed. 

 Business Cycle: Almost all economies face the problem of business fluctuations and the business cycle. The cyclical movements (boom, recession, depression, and recovery) in the economy need to be carefully studied based on aggregate economic variables.


   Poverty and Unemployment: The major problems of most resource-rich nations are poverty and unemployment. This is one of the economic paradoxes. A clear understanding of the magnitude of poverty and unemployment facilitates the allocation of resources and initiating corrective measures. 

Economic Growth: The growth and development of an economy and the factors determining them could be understood only through macro analysis.

  Economic Policies: Macro Economics is significant for evolving suitable economic policies. Economic policies are necessary to solve the basic problems, to overcome the obstacles, and to achieve growth. Limitations Macroeconomics suffers from certain limitations. They are:


1. There is a danger of excessive generalization of the economy as a whole. 
2. It assumes homogeneity among the individual units. 
3. There is a fallacy of composition. What is good of an individual need not be good for the nation and vice versa. And, what is good for a country is not good for another country and at another time. 
4. Numerous non - financial elements decide monetary exercises, yet they don't discover a place in the typical macroeconomic books. 

Economy and its Types The term economy has been characterized by A. J. 

Earthy colored as, "A framework by which individuals procure their living." J. R. 

Hicks characterized as, "An economy is the participation of makers and laborers to make products and enterprises that fulfill the needs of the buyers." to put it plainly, an economy alludes to any framework or territory where monetary exercises are completed. The functioning of an economy by its activities is explained in flow chart 1.


In an economy, the major monetary exercises are creation and utilization.  These two activities are supported by several other activities. The ultimate aim of these activities is to achieve growth. The ‘exchange activity’ supports the production and consumption activities. These exercises are impacted by a few monetary and non-financial exercises. 

The major financial exercises incorporate transportation, banking, promoting, arranging, government approach, and others. 

The major non-financial exercises are condition, wellbeing, training, amusement, administration, guidelines, and so on.

1600 QUESTION AND ANSWER FOR INDIAN  POLITY FULL BOOK(TAMIL)-DOWNLOAD

1600 QUESTION AND ANSWER FOR INDIAN  POLITY FULL BOOK(ENGLISH)-DOWNLOAD

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