GK-GS, Aaj Ka Current Affairs: Economics, Political Science, Geography , Question And Answer 16/10/2023 . GK,GS, GK-GS, Aaj Ka Current Affairs: दिनाँक 16 /10/2023 प्रतिदन के करेंट अफेयर्स विषायावार पढेंगें । जैसे – आर्थिक करेंट अफेयर्स , राजनीतिक करेंट अफेयर्स , आज का करेंट अफेयर्स – 16अक्टूबर 2023 का करेंट अफेयर्स विषयावार और प्रशोन्त्तरी की तरह देखेंगे । इसी तरह के प्रश्न परीक्षा में पूछे जाते हैं।GK-GS, Aaj Ka Current Affairs:
India’s Gross domestic product development eases back to 7% in Q1 FY24: India’s Gross domestic product development eased back to 7% in the primary quarter of the ongoing monetary year (FY24), down from 8.7% in the past quarter. This is the slowest speed of development in a year. The log jam was credited to various elements, including high expansion, increasing financing costs, and the conflict in Ukraine. GK-GS, Aaj Ka Current Affairs:
RBI to cease Steady Money Hold Proportion (ICRR): The Save Bank of India (RBI) has declared that it will suspend the Gradual Money Hold Proportion (ICRR) from August 5, 2023. The ICRR was a brief measure acquainted in April 2022 with retain overabundance liquidity in the framework. With the standardization of liquidity conditions, the RBI has chosen to suspend the action.
GST Committee raises charge on web based wagering and betting from 18% to 28%: The GST Chamber has raised the duty on internet wagering and betting from 18% to 28%, compelling October 1, 2023. The move is pointed toward controling the developing pattern of web based wagering and betting in the country.
GK-GS, Aaj Ka Current Affairs: Political Science
Israel-Palestine struggle heightens. Israel has sent off a significant hostile in the Gaza Strip, following a progression of rocket assaults by Hamas assailants. The US and the Unified Countries have required a truce, however the viciousness has proceeded.
US House passes goal to pull out US military help from Yemen. The Place of Delegates has casted a ballot to end US military help for the Saudi-drove alliance in Yemen. The goal is probably not going to pass the Senate, yet it sends areas of strength for a to the Biden organization about Congress’ resistance to the conflict.
Clean government faces restored analysis over its treatment of law and order. The European Commission has cautioned Poland that it could confront legitimate activity on the off chance that it doesn’t follow EU regulation. The Commission is worried about Poland’s legal changes, which it says sabotage the freedom of the legal executive.
UK government reports intends to change the Place of Masters. The UK government has reported plans to change the Place of Rulers, the upper place of Parliament. The plans incorporate decreasing the size of the Place of Masters and making it more equitable.
Indian government dispatches new drive to advance monetary development. The Indian government has sent off another drive called the “Har Ghar Rozgar Mission” (Public Job Mission). The drive plans to give work to one individual from each family in India.
GK-GS, Aaj Ka Current Affairs: GK,GS/
What is financial matters?
Reply: Financial aspects is the sociology that concentrates on how people, organizations, and states assign assets to fulfill their necessities and needs.
What is the fundamental financial issue?
Reply: The fundamental monetary issue is the shortage of assets comparative with limitless human needs and needs.
What is the law of market interest?
Reply: The law of market interest expresses that the cost of a decent or administration not set in stone by the harmony between its stockpile and the interest for it.
What is the contrast among microeconomics and macroeconomics?
Reply: Microeconomics centers around individual monetary specialists, like families and firms, while macroeconomics looks at the economy in general.
What is opportunity cost?
Reply: Opportunity cost is the worth of the following best option renounced when a decision is made.
What is Gross domestic product?
Reply: Gross domestic product (GDP) is the all out worth of all labor and products created inside a nation’s lines in a particular time span.
What is expansion?
Reply: Expansion is the ascent in the general value level of labor and products in an economy throughout some stretch of time.
What is a restraining infrastructure?
Reply: An imposing business model is a market structure in which a solitary firm rules and has critical market power.
What is a market economy?
Reply: A market economy is a financial framework where the creation and dissemination of labor and not entirely set in stone by the powers of organic market.
What is a blended economy?
Reply: A blended economy is a monetary framework that consolidates components of both market and arranged economies.
What is a monetary strategy?
Reply: Financial strategy alludes to the public authority’s utilization of tax collection and spending to impact the economy.
What is financial strategy?
Reply: Financial strategy includes the control of the cash supply and loan fees by a national bank to accomplish monetary goals.
What is an import/export imbalance?
Reply: An import/export imbalance happens when a nation’s imports surpass its products.
What is a financial plan deficiency?
Reply: A financial plan shortage happens when an administration spends more cash than it gathers in income in a given monetary year.
What is a stockpile bend?
Reply: A stockpile bend shows the connection between the cost of a decent and the amount of that great that makers will supply.
What is request flexibility?
Reply: Request flexibility estimates how delicate the amount requested of a decent is to changes in its cost.
What is a free rider issue?
Reply: The free rider issue is when people benefit from a public decent without paying for it.
What is a backward expense?
Reply: A backward duty is one where the taxation rate falls lopsidedly on lower-pay people.
What is the Phillips bend?
Reply: The Phillips bend shows the compromise among expansion and joblessness in the short run.
What is a compromise?
Reply: A compromise is the idea that in navigation, getting something requires quitting any trace of something different.
What is the law of reducing minor utility?
Reply: The law of lessening minor utility expresses that as an individual consumes more units of a decent or administration, the extra fulfillment (utility) diminishes.
What is an order economy?
Reply: An order economy is a monetary framework wherein the public authority controls all parts of creation, circulation, and valuing.
What is near advantage?
Reply: Near advantage is the capacity of an individual, firm, or country to deliver a decent or administration at a lower opportunity cost than others.
What is the Lorenz bend?
Reply: The Lorenz bend is a graphical portrayal of pay or abundance circulation inside a populace.
What is a dynamic expense?
Reply: A dynamic expense is one where the duty rate increments as pay or abundance increments.
What is an exchange excess?
Reply: An exchange excess happens when a nation’s products surpass its imports.
What is the pattern of consistent, predictable losses?
Reply: The pattern of consistent, unavoidable losses expresses that as one info is expanded while different data sources are held steady, the extra result created will ultimately diminish.
What is the imperceptible hand?
Reply: The undetectable hand is a representation utilized by Adam Smith to portray how self-intrigued people inadvertently advance the overall government assistance of society through their monetary activities.
What is the business cycle?
Reply: The business cycle alludes to the repetitive examples of extension and withdrawal in an economy.
What is a creation prospects outskirts?
Reply: A creation prospects wilderness (PPF) is a graphical portrayal of the greatest blends of two merchandise an economy can deliver with its given assets and innovation.
What is the distinction among ostensible and genuine Gross domestic product?
Reply: Ostensible Gross domestic product is estimated in current market costs, while genuine Gross domestic product adapts to expansion, giving a more exact proportion of financial result.
What is an exchange obstruction?
Reply: An exchange obstruction is any administration strategy or guideline that limits worldwide exchange.
What is a syndication market structure?
Reply: An imposing business model market structure is portrayed by a solitary dealer or maker in a market, with no nearby substitutes for its item.
What is the law of interest?
Reply: The law of interest expresses that, all else being equivalent, the amount requested of a decent or administration diminishes as its cost increments.
What is a cost roof?
Reply: A value roof is an administration forced limit on the most extreme value that can be charged for a decent or administration.
What is financial shortfall?
Reply: A financial shortage happens when an administration’s consumptions surpass its incomes in a given period.
What is globalization?
Reply: Globalization is the course of expanded interconnectedness and relationship among nations through exchange, innovation, and social trade.
What is a blended market economy?
Reply: A blended market economy is a financial framework that joins components of both the market and order economies.
What is the law of expanding opportunity cost?
Reply: The law of expanding opportunity cost expresses that as you shift assets from the creation of one great to another, the open door cost increments.
What is the round progression of pay?
Reply: The round progression of pay addresses the constant progression of pay and spending among families and firms in an economy.
What is a cartel?
Reply: A cartel is a gathering of free makers or merchants who consent to fix costs and cutoff creation to expand their aggregate benefits.
What is an ever-evolving charge framework?
Reply: An ever-evolving charge framework is one in which the duty rate increments as pay or abundance increments, bringing about higher-pay people paying a higher level of their pay in charges.
What is a downturn?
Reply: A downturn is a huge decrease in monetary action described by a reduction in Gross domestic product, expanded joblessness, and diminished shopper spending.
What is the law of lessening minimal returns?
Reply: The law of lessening peripheral returns expresses that as additional units of a variable info are added to a proper info, the negligible result of the variable info will ultimately decline.
What is a public decent?
Reply: A public decent is a decent or administration that is non-excludable and non-rivalrous, meaning it is accessible to all and one individual’s utilization doesn’t reduce its accessibility to other people.
What is the multiplier impact?
Reply: The multiplier impact alludes to the amplification of an underlying change in spending, prompting a bigger last effect on the economy.
What is the Lorenz bend used to delineate?
Reply: The Lorenz bend is utilized to outline pay or abundance imbalance inside a populace.
What is an exchange excess?
Reply: An exchange excess happens when a nation trades a larger number of labor and products than it imports.
What is the distinction between financial strategy and monetary arrangement?
Reply: Financial strategy includes the control of the cash supply and loan costs by a national bank, while monetary strategy includes government tax collection and spending choices to impact the economy.
What is the law of near advantage?
Reply: The law of similar benefit expresses that it is helpful for two nations to exchange on the off chance that every nation can deliver a decent at a lower opportunity cost than the other. This prompts shared gains from exchange.
GK-GS, Aaj Ka Current Affairs: Overview
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GK-GS, Aaj Ka Current Affairs: FA”Q
What is economics?
Economics is the social science that studies how individuals, businesses, and governments allocate resources to satisfy their wants and needs.
What are the basic economic resources?
The basic economic resources are often referred to as the factors of production and include land, labor, capital, and entrepreneurship.
What is the difference between microeconomics and macroeconomics?
Microeconomics focuses on individual economic agents such as households and firms, while macroeconomics looks at the overall economy, including aspects like inflation, unemployment, and GDP.
What is supply and demand?
Supply refers to the quantity of a good or service that producers are willing to offer at different prices. Demand, on the other hand, represents the quantity of that same good or service that consumers are willing to purchase at various prices.
What is inflation?
Inflation is the sustained increase in the general price level of goods and services in an economy over a period of time, leading to a decrease in the purchasing power of money.
What is GDP?
GDP, or Gross Domestic Product, is a measure of the total economic output of a country. It represents the market value of all goods and services produced within a country’s borders in a given time period.
What is the concept of opportunity cost?
Opportunity cost is the value of the next best alternative that must be given up when a choice is made. It’s a fundamental concept in economics that reflects the trade-offs we face when making decisions.
What is a market economy?
A market economy, also known as a free-market economy, is an economic system where decisions about production, distribution, and pricing are made by individual buyers and sellers in the market.
What is fiscal policy?
Fiscal policy is the use of government spending and taxation to influence the economy. It’s a tool governments use to stabilize economic growth, control inflation, and reduce unemployment.
What is the law of diminishing marginal utility?
The law of diminishing marginal utility states that as a person consumes more units of a product or service, the additional satisfaction or utility derived from each additional unit decreases. In other words, the more you have of something, the less value you place on each additional unit.