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Answered on 03/10/2016 Tuition/Class IX-X Tuition Tuition/Class IX-X Tuition/Social science

What is RBI?

Hanamant Kullur

Stock Market Trainer

The Reserve Bank of India is India's central banking institution, which controls the monetary policy of the Indian rupee.
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Answered on 03/10/2016 Tuition/Class IX-X Tuition Tuition/Class IX-X Tuition/Social science

What is barter system?

Hanamant Kullur

Stock Market Trainer

A barter system is an old method of exchange. Th is system has been used for centuries and long before money was invented. People exchanged services and goods for other services and goods in return.
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Answered on 03/10/2016 Tuition/Class IX-X Tuition Tuition/Class IX-X Tuition/Social science

What are special economic zones?

Hanamant Kullur

Stock Market Trainer

A special economic zone (SEZ) is an area in which business and trade laws differ from the rest of the country. SEZs are located within a country's national borders, and their aims include: increased trade, increased investment, job creation and effective administration.
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Answered on 09 Feb Tuition/Class IX-X Tuition Tuition/Class IX-X Tuition/Social science

What is sustainable development?

Sujoy D.

Tutor

Sustainable development is a process for meeting human development goals while sustaining the ability of natural systems to continue to provide the natural resources and ecosystem services upon which the economy and society depends.Sustainable development is development that meets the needs of the present... read more
Sustainable development is a process for meeting human development goals while sustaining the ability of natural systems to continue to provide the natural resources and ecosystem services upon which the economy and society depends.Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Sustainable development is a process for meeting human development goals while sustaining the ability of natural systems to continue to provide the natural resources and ecosystem services upon which the economy and society depends. It is a process that envisions a desirable future state for human societies in which living conditions and resource-use continue to meet human needs without undermining the "integrity, stability and beauty" of natural biotic systems. Sustainable development is economic development that is conducted without depletion of natural resources.
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Answered on 01/10/2016 Tuition/Class IX-X Tuition Tuition/Class IX-X Tuition/Social science

Who is the present governor of RBI?

Hanamant Kullur

Stock Market Trainer

Urjit Patel
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Answered on 09 Feb Tuition/Class IX-X Tuition Tuition/Class IX-X Tuition/Social science

What is UNDP?

Sujoy D.

Tutor

United Nations Development Programme (UNDP).UNDP helps countries develop strategies to combat poverty by expanding access to economic opportunities and resources, linking poverty programmes with countries’ larger goals and policies, and ensuring a greater voice for the poor. UNDP also works at... read more
United Nations Development Programme (UNDP).UNDP helps countries develop strategies to combat poverty by expanding access to economic opportunities and resources, linking poverty programmes with countries’ larger goals and policies, and ensuring a greater voice for the poor. UNDP also works at the macro level to reform trade, encourage debt relief and foreign investment, and ensure the poorest of the poor benefit from globalisation.
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Answered on 09 Feb Tuition/Class IX-X Tuition Tuition/Class IX-X Tuition/Social science

What are the reasons by which MNCs are set up in developing countries?

Sujoy D.

Tutor

Developing countries are becoming a hub of MNCs because of the reason that these countries are most eager and are underway to develop and want to be on par with the developed countries. Thus these countries ease up their norms and regulations and try to attract these foreign companies to open up their... read more
Developing countries are becoming a hub of MNCs because of the reason that these countries are most eager and are underway to develop and want to be on par with the developed countries. Thus these countries ease up their norms and regulations and try to attract these foreign companies to open up their business units in these developing nations. Thus, the profit and ease of doing business in these countries makes them a preferred location for MNCs. They Provide an inflow of capital into the developing country. E.g. the investment to build the factory is counted as a capital flow on the financial account of the balance of payments. This capital investment helps the economy develop and increase its productive capacity. The Harod Domar model of growth suggests that this level of investment is important for determining the level of economic growth.The inflows of capital help to finance a current account deficit. (foreign investment enables developing countries to buy imports).Multinational corporations provide employment. Although wages seem very low to us, people in developing countries often see these new jobs as preferable to working as a subsistence farmer with even lower income. Multinational firms may help improve infrastructure in the economy. They may improve the skills of their workforce. Foreign investment may stimulate spending in infrastructure such as roads and transport. Multinational firms help to diversify the economy away from relying on primary products and agriculture – which are often subject to volatile prices and supply.
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Answered on 09 Feb Tuition/Class IX-X Tuition Tuition/Class IX-X Tuition/Social science

Who is the finance minister of our country?

Sujoy D.

Tutor

Arun Jaitley is the current finance minister of India
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Answered on 04/10/2016 Tuition/Class IX-X Tuition Tuition/Class IX-X Tuition/Social science

What is the double coincidence of wants?

Richa Saraf

The double coincidence of wants mean that both the parties have to agree to sell and buy each other's commodity i.e. what a person desires to sell is exactly what the other person wishes to buy.
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Answered on 01/10/2016 Tuition/Class IX-X Tuition Tuition/Class IX-X Tuition/Social science

What is development?

Hanamant Kullur

Stock Market Trainer

an event constituting a new stage in a changing situation.
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