CLASS NOTES Flashcards
QUATERNARY
INFOTECH
QUINATRY
POLICY MAKING
SERVICES %
70
FINANCIAL YEAR/
FISCAL YEAR
ACCOUNTING YEAR =
FISCAL YEAR
BASE YEAR FOR GDP
2011-12
1947-1970
CONTROLLEER
1970-91
REGULATOR
1991-2014
FACILITATOR
2014-NOW
ENABLER
——-IMPORT QUOTA INITIALLLY
LOW
FERA
FOREIGN EXCHANGE REGULATION ACT
GDPVS GNP
INDIA VS INDIANS
GNP=
GDP+NFIA
NFIA=
FI EARNED -FI PAID
NFIA FF
NET FACTOR INCOME ABROAD
FC=
MP-INDIRECT TAXES+SUBSIDIES
OFFICIAL GDP
GDP AT CONSPANT MARKET PRICES
2014-15 CHANGES MADE
BASE YEAR 2011-12
GDP@CONSTANT MP
GVA
GVA=
VALUE OF OUPUT-VALUE OF INTERMEDIAR
GVA@
BASIC PRICES
BASIC PRICES
PRODUCER RECEIVES FOR 1 UNIT OF OUTPUT
GVA GIVES
SECTOR SPECIFIC
GDP SIDE
CONSUMER SIDE
GVA SIDE
PRODUCER
GDP@MP=
GVA@BP+INDIRECT TAX-SUBSIDY
GVA AND GDP RELEASED BY
NSO
NSO UNDER
MOSPI
SMALL AND MARGINAL FARMERS%
86
MARGINAL
<1HA
SMALL
<2HA
GREEN GDP=
GDP-VALUE OF ENVIRONMENTAL DEGRADATION
1ST GEP
UTTARKHAND
GROSS CAPITAL FORMATION/
GROSS DOMESTIC INVESTMENT
EXPENDITURE GDP=
C+I++G+(X-M)
INCOME GDP
INCOME+PROFIT+RENT INCOME(INTEREST)
PRODUCTION METHOD
GDP @FC
BASIC PRICE IS NOT
FACTOR COST
REAL GDP
GDP@CONSTANT
NOMINAL GDP
GDP@CURRENT PRICES
CAPITAL OUTPUT RATIO AND EFFICIENT
INVERSELY PROPORTIONAL
NO OF OUPUT AND OUTPUT PRICE
INVERSELY PROPORTIONAL
NATIONAL INCOME
NNP @FC
NI=
NNP@MP-INIRECT TAX+SUBSIDY
PCI=
TNI/TOTAL POP
GVA @FC+NPT=
GVA@MP
CURRENT ACCOUNT
TRADE
SERVICES
REMITTANCE
ONLY TRANFER OF MONEY
REMITTANCE
INVESTMENT GIVING PROFIT
REMITTANCE
RENT FROM FOREIGN
REMITTANCES
VISIBLES
TRADE
INVISIBLES
SERVICES
CAPITAL ACCOUNT
BORROWING
INVESTMENT
BORROWING
DEV.BANKS
ECB
BILATERAL AND MULTILATERAL
NRI DEPOSIT
INVESTMENT
FDI
PORTFOLIO
EXPORT——–
RECEIPT
IMPORT——-
PAYMENT
STUDYING ABROAD
SERVICE IMPORTANT
FOREIGN STUDENTS IN INDIA
SERVICES EXPORT
MEDICAL TOURISM
SERVICE
——LARGEST REMITTANCE RECEIVER
INDIA
CAD=
IMPORT+OUT REMITTNCE>EXPORT+INWARD REMITTANCE
CAD UNIT
% OF GDP
FPI TYPES
FII
QUALIFIED FOREIGN INVESTMENT
CREDIT
INFLOW
DEBIT
OUTFLOW
SHORT DURATION ARE
ADVANCE AND SAVING
LONG DURATIUON ARE
LOANS AND INVESTMENT
NRI DEPOSIT
CAPITAL ACCOUNT
WHY LOAN IS CREDIT
INFLOW
DOM CURE<———->FOR.CURR
CONVERTIBILITY
HIGH DEBT TO GDP RATIO IN
DEVELOPED COUNTRIES
TARAPORE COMMITTEE
GRADUAL FULL CONVERTABILITY IN CAPITAL ACCOUNT
EXCHANGE RATE
UNIT OF DOMESTIC CURRENCY REQUIRED TO GET FC AND VV
IMPORTERS BENIFITTED BY
RUPEE APPRECIATION
EXPORTERS BENIFITTED BY
RUPEE DEPRECIATION
REPAYMENT OF ECB DURING
APPRECIATION
ECB BORROWING DECREASEED DURNG
APPRECIATION
CURRENCY DEVALUATION
DELIBERATELY DECREASING THE VALUE OF CURRENCY
CURRENCY REVALUATION
GIVING UP DEVALUATION
IMPORT BECOME CHEAPER
appreciation
CUSTODIAN OF FOREX RESERVE
RBI
LARGEST FOREX CJSIR
CHINA
JAPAN
SWITZ
INDIA
RUSSI
FR 1
FCA-FOREIGN CURRENCY ASSET-80
2 FR
GOLD
3 FR
SDRR
4FR
RTP
RTP FF
RESERVE TRANCHE POSITION
RTP—–QUOTA
25%
BOP CRISIS
COMPLETE DEPLETION OF FOREX RESERRVE
DEFAULT DOUBT
FAILING TO REPAY
EQUITY FLOW
INVESTMENT
DEBT FLOW
BORROWING
CURRENCY MANIPULATION
ARTIFICIAL TWEAKING OF ER BY GOVT
CURRENCY MANIPULATORR TAG BY
US
CMANIPULATOR CRITERIA
BILATERAL SURPLUS
CAS
ONE SIDE INTERVENTION
CURRENCY WAR
COMPETITIVE DEVALUATION
HARD CURRENCY
STABLE ER
SOFT CURRENCY
UNSTABLE ER
SDR BASKET OF CURRENCY
DOLLAR
EURO
CHINESE RMB
JAPANESE YEN
POUND STERLING
DOLLAR WEIGHTAGE IN SDR
40%
EURO WEIGHTAGE IN SDR
30
RMB WEIGHTAGE IN SDR
12
JAPAN WEIGHTAGE IN SDR
7.6
POUND STERLINGWEIGHTAGE IN SDR
7.4
CURRENCY SWAP AGREEMENT
EXCHANGE CURRENCY WITH PREFIXED TERMS AND CONDITIONS
FIXED ER
GOLD
PEGGED
CURRENCY
FLOATING ER/
FLEXIBLE ER
DIRTY FLOAT /
MANAGED FLOAT
INDIA FOLLOW—— ER
DIRTY FLOAT/MANAGED FLOAT
UN MONETARY FINANCIAL CONFERENCE
1944
BRITTONWOOD TWINS
IMF WB
1Q
SLOWDOWN
2Q
RECESSION
3Q/>10% GDP
DEPRESSION
MANY COUNTRIES AFFECTED
GREAT DEPRESSION
ER STABILITY MAINTAINED BY
IMF
IMF AND WB MEMBERSHIP
AUTOMATIC
IMF AND WB MEMBER
189
MEMBERSHIP IN IMF BY
QUOTA SUBSCRIPTION
QUOTA SUBSCRIPTION ——-YEAR
EVERY
QUOTA PARAMETERS
GDP (50)
OPENNESS
ECONOMIC VARIABILITY
RESERVE
VOTING RIGHTS IN IMF
BASED ON QUOTA
QUOTA REVISION
5 YEAR ONCE
QUOTA ASSIGNED IN
SDR
IMF ONLY
BOP CRISIS
SOVERIGN MEMBER COUNTRIES
STANDBY ARRANGEMENT
NON CONCESSIONAL LOANS FOR TEMPORARY CRISIS
EXTENDED FUND FACILITY
SEVERE BOP CRISIS FOR LONG TERM
SRI LANKA WANTS
EXTENDED FUND FACILITY
EXOGENOUS SHOCK FACILITY
POLICY AND FINANCIAL SUPPORT FOR LOW INCOME
EFF YEARS
3 YEARS
EFF POINTS
50 BASIS POINTS
INDIA IN IMF VOTING SHARE
2.64
INDIA IMF VOTING NO
17
BBIS IMF GROUP
BANGLADESH BHUTAN INDIA SL
SDR D
INTERNATIONAL RESERVE ASSET IN 1969
SDR IS NEI
NEITHER CURRENCY NOR A CLAIM BUT POTENTIAL CLAIM
SDR IS —- METHOD
ACCOUNTING
SDR CHANGES
DAILY
RTP NO
NO LOAN
NO INTEREST
NO CONDITION
RTP WITHDRRAWAL
WITHDRAW ANYTIME FOR OWN USE
IMF ANNUAL BORROWING
145
IMF CUMULATIVE BORROWING
435%
INDIA IS—– IN IMF AND WB
FOUNDING MEMBER
EXOFFICIAO GOVERNOR
FINANCE MINISTER
ALTERNATE GOVERNOR
RBI GOVERNOR
SDDS FF
SPECIAL DATA DISSEMINATION STANDARD
SDDS —- STANDARD
IMF STANDARD
SDDS RELEASED BY
MOSPI
WB GROUPS IIIMI
IBRD
IDA
IFC
MIGA
ICSID
IBRD
INT BANK OF RECONSTRUCTION AND DEVELOPMENTIDA
IDA
INT DEV ASSOCIATION
IFC
INT FIN COR
MIGA
MULTILATERAL INV GUARANTEE AGENCY
ICSID
INTERNATIONAL CEN FOR SETTLEMENT OF INV DISPUTES
WB Y
1944
IDA Y
1948
IFC Y
1956
1980
MIGA
PRIVATE SECTOR ARM OF WB GROUPS
INT IFC
GREEN FIELD PROJECT
FRESH NEW PROJECTS
MIGA USE
ONLY FOR POLITICAL INSTABILITY
POOREST COUNTRIES
IDA
INTERST FREE LOANS
IDA
DISPUTE RESOLUTION
ICSID
FOUNDING FATHERS OF WB
KEYNES AND WHITE
CREEPING INFLATION
0-3
3-7
THROTTLING
UPTO 10
WALKING
10-20
RUNNING
20-1000
GALLOPING`
> 1000
HYPER INFLATION
GROWTH INFLATION
DEMAND PULL
SUPPLY SHOCK INFLATION
COST PUSH INFLATION
WPI ITEMS
697
WPI BASE YEAR
2011-12
WPI RELEASED
OFFICE OF ECONOMIC ADVISOR
DPII
MO COMMERCE
DPII
DEPARTMENT FOR PROMOTIOJN OF INDUSTRY AND INTERNAL TRADE
CPI U ITEMS
460
CPI R ITEMS
448
CPI COMBINED IEMS
908
CPI IW,AL,RL RELEASED
LABOUR BURAE
MINISTRY OF LABOUR
CPI CPI U CPI R
RELEASED BY
CENTRAL STATISTICAL ORGANIZATION
NSSO
MINISTRY OF STATISTICS
BASE YEARFOR CPI
2012
CPI FOOD BEVERAGE W
46%
CPI FUEL AND LIGHT W
6.84%
WPI NOT INCLUDED
SERVICES
CHANDRASEKAR COMMITTEE
SERVICE PRICE INDEX
SERVICE PRICE INDEX RELEASED BY
OFFICE OF ECONOMIC ADVISOR
DPII
MO COMMERCE
PRODUCER PRICE INDEX BOTH
GOODS AND SEVICES
ONLY DOMESTIC
PPI
DOMESTIC AND FOREIGN
WPI
MONETARY MEASURES BY
RBI
FISCAL MEASURES BY
CENTRAL GOVT
IDEAL INFLATION
4+-2
CORE INFLATION
HEADLINE INFLATION-ENERGY AND FOOD
VOLATILE ITEMS
ENERGY AND FOOD
PHILLIPS CURVE
INFLATION AND UNEMPLOYMENT
INFLATION AND UNEMPLOYMENT
INVERSE RELATIONSHIP
GOVT NO STEPS
OPEN INFLATION
AFTER GOVT CONTROL WITHDRAWN
REPRESSIVE INFLATION
REFLATION
MEASURES TO CONTROL DEFLATION
DISFLATION
DECREASE IN THE RATE OF INFLATION
STAGFLATION
STAGNANT+UNEMPLOYMENT+INFLATION
SKEW FLATION
INFLATION IN SOME
DEFLATION IN SOME
REDUCING THE SIZE
SHRINKFLATION
GDP DEFLATOR
NOMINAL GDP/REAL GDP X 100
INFLATIONARY GAP
POTENTIAL GDP>REAL GDP
DEFLATIONARY GAP
AGGREGATE SUPPLY>AGGREGATE DEMAND
= Factor cost + Production taxes – Production subsidy
BASIC PRICE
= Factor cost + Production taxes – Production subsidy
BASIC PRICE
= Factor cost + Production taxes – Production subsidy
BASIC PRICE
