Find out how to prepare for economics for bank exams and interview.Get latest notification and updates on general, economy and banking awareness for official Bank Exam
Table of Contents
Important Short Questions 01. What do you mean by absolute Advantage? – A nation has an absolute advantage in a commodity it producers more efficiently than the rest of the world. 02. What do you mean by comparative advantage? — A nation has a comparative advantage in the production of those goods which it produces more efficiently
A branch of economics that studies economic interactions among different countries, including foreign trade (exports and imports), foreign exchange (trading currency), the balance of payments, and balance of trade. While much of the interaction among countries is largely an extension of basic economic principles, complications do arise because nations are distinct political entities, with different
01. What do you mean by planned savings? – The amount that individuals, firms or governments plan to save. 02. What do you mean by price war? — Charging low prices to harm competitor’s profit. 03. What do you mean by prisoners dilemma? – A paradon in decision analysis in which two individuals acting in
Public Finance : Public finance is the study of the role of the government to assesses the govt. revenue and govt. expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable one’s. Public Receipts: Public receipts includes all sources of government’s fund, such as taxes,
Important Short Questions 01.What do you mean by GDP per capita? — GDP of a country divided by the country’s population. 02. What do you mean by real interest rate? — The interest rate in terms of purchasing power, that is, the real interest rate is approximately the nominal interest rate minus the inflation rate. 03.
Economics is the study of how people choose to use resources. In other words, Economics is the study of how scarce resources should be allocated. Authentic and Historic Definitions of Economics অর্থনীতির ঐতিহাসিক সংজ্ঞাসমূহ “Economics is an inquiry into the nature and causes of the wealth of nations.” –Adań Smith. “Economics is the study of