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By
Ashwin S
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Basic Concept of Banking for SBI PO mains
Basic concepts Fiscal Policy It is what a Government does to influence the course of an economy through decisions on taxes and spending. Monetary Policy It is what a central bank does to influence the course of an economy through decisions on money supply and interest rate. Fiscal Consolidation The term refers to the things a Government does to maintain good fiscal health — cut debt and wasteful expenditure and improve revenue opportunities. Current Account Deficit It is a trade measure that shows the value of a country’s imports of goods and services to be higher than the value of its exports. Fiscal Responsibility and Budget Management Act The Act is an attempt to make the Government adhere to a phased plan to reduce fiscal deficit, which denotes an excess of expenditure over revenue. Disinvestment Receipts The term refers to the money raised by the Government through disinvestment, or the sale of its equity stake in companies it owns. Wholesale Price Ind...
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