Which Sector of Economy is the Largest Employer? Employment is a key indicator of a country’s economic well-being. It is an essential aspect of a healthy economy, and the number of jobs available in different sectors of the economy is a vital factor in determining a country’s economic growth. In this article, we will explore …
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Nominal Effective Exchange Rate (NEER) and Real Exchange Rate (RER) are two important concepts in the field of international finance and economics. Understanding these terms is crucial for businesses and individuals engaged in international trade and investment. Nominal Effective Exchange Rate Nominal Effective Exchange Rate (NEER) refers to the value of a country’s currency in …
Forex Reserve of India refers to the foreign exchange reserves held by the Reserve Bank of India (RBI). These reserves include foreign currency assets, gold reserves, special drawing rights (SDRs), and reserve tranche position (RTP) with the International Monetary Fund (IMF). In this article, we will discuss the significance, composition, and management of Forex Reserves …
The Balance of Payment (BOP) is a record of all economic transactions made between a country and the rest of the world in a given time frame. It includes trade in goods and services, as well as financial transactions such as investments and loans. Understanding the BOP is important for policymakers, businesses, and individuals, as …
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The Asian Development Bank (ADB) is an international financial institution that provides development assistance to the Asia-Pacific region. Established in 1966, ADB aims to promote economic growth and social progress in its member countries. In this article, we will discuss the history, objectives, and functions of ADB, as well as its impact on the region’s …
Rapid Credit Facility is a financing mechanism offered by the International Monetary Fund (IMF) to provide immediate financial assistance to member countries facing urgent balance of payments needs, typically as a result of sudden external shocks such as natural disasters, pandemics, or other economic crises. What is Rapid Credit Facility? Rapid Credit Facility is designed to provide …
The International Monetary Fund (IMF) is an international organization established in 1944 to promote international monetary cooperation, exchange stability, and sustainable economic growth. The IMF provides loans, technical assistance, and policy advice to its member countries, with the goal of fostering economic stability and reducing poverty around the world. History of the IMF The IMF …
The International Union for Conservation of Nature (IUCN) is a global organization that works to conserve nature and natural resources. It is one of the oldest and largest organizations of its kind, with over 1,300 members, including governments, NGOs, and indigenous peoples’ organizations, spread across more than 160 countries. In this article, we will discuss …
Calorific value is an important concept in the field of thermodynamics and energy. It is used to measure the amount of energy released when a fuel is burned or combusted. It is often expressed in units of joules or calories per unit of mass or volume of the fuel. In this article, we will explore …
Biofuels are fuels that are derived from renewable biological sources, such as plants and plant-derived materials. They are becoming increasingly popular as a means of reducing our dependence on fossil fuels and mitigating the environmental impact of transportation. In this article, we will explore what biofuels are, how they are produced, their benefits and drawbacks, …