Macroeconomics

OAS Prelims Complete Study Material Series Book-10: Macroeconomics Contents Introduction to Economics National Income Accounting Goods, Prices and Inflation Money and Banking Government Budget and Economy External Sector Disclaimer This study material is specially designed for various courses of OAS Prelims offered by OBJECTIVE IAS. The main objective of this book is to acquainted fresher …

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Government Budget and Economy

Functions of Government Budget Primarily, there are three functions or requirement of Government budget such as: Allocation, Distribution and Stabilization of resources of government. Let’s discuss them one by one: Allocation Function: Certain goods, referred to as Public goods, such as roads, national defense, government administration, are cannot be provided through the market mechanisms. These …

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Money and Banking

What is Money? Money is an officially-issued legal tender generally consisting of notes and coin, and is the circulating medium of exchange as defined by a government. Money is often synonymous with cash and includes various negotiable instruments such as checks. Each country has its own money that is used as a medium of exchange …

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