Finance and Economy
Which Life Insurance Policy Should You Buy?
A life insurance policy is a contract that an insurance company enters into with a policyholder, whereby the insurer agrees to pay a predetermined sum of money in return for premiums paid on a regular basis, at the policyholder’s death, or after a predetermined amount of time. The 2 types of Life Insurances are :-1. …
Major Surge In Bitcoin Prices: Does it Signify the Rise of Crypto In India?
The cryptocurrency token reached a record-breaking high of just over $69,000 on March 5th, which will no doubt excite the meme-obsessed crypto community, before slightly declining. The record completed an incredible recovery from the dire circumstances of November 2022, when interest rate increases were stifling risk appetite and the cryptocurrency exchange FTX had recently collapsed. …
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The Production Possibilities Frontier (PPF): An Overview
The Production Possibilities Frontier (PPF), a fundamental concept in economics, depicts the maximum mix of commodities and services that an economy can generate given its resources and technology, assuming complete and efficient resource utilisation. Comprehending the PPF When plotting one good or service on the x-axis and another on the y-axis, the PPF usually takes …
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How Do You Make Money From Investing?
Comprehending Investing: Investing is the act of distributing resources, usually financial capital, with the hope of producing income or profit in the future. It entails investing in assets like bonds, equities, properties, and mutual funds with the intention of growing their value or earning income from them. Producing Returns: Long-Term Growth: Both Risk Management and …
What is Opportunity Cost?
Opportunity cost is a key idea in economics that describes the cost of choosing not to pursue the next best option when making a decision. It’s the price of selecting one course of action over another, to put it simply. Even though there may not be any actual financial transactions involved, this cost nevertheless indicates …
How Many Bank Accounts Should a Single Person Have in India?
When it comes to the number of bank accounts a single person should have in India, several factors need consideration, including financial goals, convenience, and regulatory requirements. 1. Primary Savings Account: A single person typically starts with one primary savings account to manage daily transactions, receive salary, and pay bills. This account serves as the …
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All about GDP (Gross Domestic Product)
Overview of GDP A key indicator of a nation’s economic performance is its gross domestic product (GDP), which is the total value of all products and services produced inside its borders over a given time frame, usually a quarter or a year. Policymakers, investors, and analysts use it extensively as a crucial economic indicator to …
India’s GDP Growth soars to 8.4%, growth in FY24 to be at 7.6%
The December quarter had an 8.4% growth in India’s gross domestic product (GDP), according to figures released on February 29 by the Ministry of Statistics and Programme Implementation. This quarter’s 8.4% year-over-year increase is the highest since 2022’s second quarter, exceeding 6.6% of projections. In its second advance estimate of the national accounts, the NSO …
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All You Need to Know PM Kisan Samman Nidhi Scheme!
The government of India introduced the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) in February 2019 with the goal of helping small and marginal farmers in the country with their income. What you need know about the plan is as follows: The overall goal of the Pradhan Mantri Kisan Samman Nidhi initiative is to encourage small …
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