SSC CGL Exam > SSC CGL Videos > SSC CGL Tier 2 - Study Material, Online Tests, Previous Year > Money - Indian Economy
Money - Indian Economy Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
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FAQs on Money - Indian Economy Video Lecture - SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
| 1. What is the current state of the Indian economy? |  |
Ans. The Indian economy is currently facing challenges due to the impact of the COVID-19 pandemic. The lockdowns and restrictions have resulted in a slowdown in various sectors, such as manufacturing, services, and transportation. However, the government has implemented several measures to revive the economy and stimulate growth.
| 2. How has the Indian economy been affected by demonetization? | |
Ans. Demonetization, which took place in 2016, had both short-term and long-term effects on the Indian economy. In the short term, there was a liquidity crunch, and sectors like agriculture and small businesses were adversely affected. However, in the long run, demonetization aimed to curb black money, promote digital transactions, and formalize the economy.
| 3. What are the key factors influencing the Indian economy? | |
Ans. Several factors influence the Indian economy, including government policies, global economic conditions, inflation rates, interest rates, fiscal deficit, and foreign direct investment. Additionally, factors like agricultural productivity, technological advancements, and demographic changes also play a significant role in shaping the Indian economy.
| 4. How does the Reserve Bank of India (RBI) impact the Indian economy? | |
Ans. The Reserve Bank of India (RBI) plays a crucial role in the Indian economy. It is responsible for formulating and implementing monetary policies, regulating the banking system, managing foreign exchange reserves, and controlling inflation. The RBI's decisions on interest rates, liquidity, and credit availability have a significant impact on the overall economic growth and stability of the country.
| 5. What are the major challenges faced by the Indian economy? | |
Ans. The Indian economy faces several challenges, such as unemployment, poverty, income inequality, infrastructure deficiencies, and agricultural distress. Additionally, issues like corruption, bureaucratic red tape, and lack of ease of doing business hinder economic growth. Addressing these challenges requires comprehensive reforms and effective policy implementation.
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Nov 22, 2024 Last updated |
Video Description: Money - Indian Economy for SSC CGL 2024 is part of SSC CGL Tier 2 - Study Material, Online Tests, Previous Year preparation.
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