🎖Economy 🎖

Day 17 (53 days to prelims)

Expected time to complete: 2 hours

Topics to be covered:
🔘Basics of Economy (GDP, GVA, GNI, GNP, Base Year, Per capita income, measuring of GDP, PPP, etc.)
🔘Inflation (Types of inflation, various curves, etc.)

✅Source: Book by Ramesh Singh.

✅Sleepy Students: You can cover the topics in our crash course: Lecture 1- 6 of prelims economy crash course.
✅ You can practise these topics in our Parishram Test Series: Test number 1 of Economy.

⭐️Bonus topic from our few minutes series:⭐️
https://youtu.be/gbJqwJZcYUU?si=5oJk7aaRlHUYyUxt

Q2. Inflation is characterised by which of the following?
1. A sustained increase in the general price level of goods and services.
2. A persistent trend of decline in the purchasing power of currency.
3. Money losing its ability to acquire the same basket of goods and services as before.

Q3. Considering the measurement of a nation's economic activity, how many of the following statements about Gross Domestic Product (GDP) is/are most likely correct?
1. It includes the value of all final and intermediate goods and services produced within a country in a given year.
2. It considers the income earned by citizens of a country regardless of where it is generated.
3. A higher GDP always signifies a higher standard of living for the citizens of a country.

Topics Covered in Yesterday's 50 Important Topics Session
See You Again At 2PM Today!

📺50 Important Topics (Geography-3): https://youtu.be/CUHPancXq_Q

🎖Economy 🎖

Day 18 (52 days to prelims)

Expected time to complete: 2 hours

Topics to be covered:
🔘Inclusive Growth
🔘Banking

✅Source: Book by Ramesh Singh
✅Sleepy Students: You can cover the topics in our crash course: Lecture 7-11 of prelims economy crash course.
✅ You can practise these topics in our Parishram Test number: 2 of Economy

⭐️Bonus topic from our few minutes series:⭐️
https://youtu.be/zpsE7QBCIl8?si=1W52mS5_f4zGulYj