5 July Economics

8/14/2019 5 July Economics

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Economics

Dr. T.K. Jain.

AFTERSCHOOOL

Centre for social entrepreneurship

BikanerM: 9414430763

[email protected]

www.afterschool.tk

www.afterschoool.tk
http://www.afterschool.tk/http://www.afterschoool.tk/http://www.afterschoool.tk/http://www.afterschool.tk/


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What is BRIC?

Brazil

Russia

India China


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What is SLR?

Statutory Liquidity Ratio (a part of monetary

policy)

Every bank has to deposit some money in

government securities and approved

securities (some percentage out of total bank

deposits)

SLR is close to 15%


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What is CRR?

Cash Researve Ratio (a part of monetary

policy)

Every bank have to keep a ratio of cash with

them against deposit.


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What is PPC?

Production Possibility Curve

Various combinations of two goods which the

economy can produce with given resources.


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When is the firm earning normalprofit? When AR = AC

AR = AVERAGE REVENUE

AC = AVERAGE COST


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WHICH SECTOR IN INIDANECONOMY HAS BEEN GROWING

FASTEST?

SERVICES SECTOR


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IN WHICH MARKET THERE ISPERFECT INFORMATION TO

EVERYONE?

PERFECT MARKET


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IN WHICH MARKET, THERE ISFREE MOBILITY OF ALL

RESOURCES?

PERFECT MARKET


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WHAT KIND OF MARKET ISTHERE IN TOOTHPASTE

INDUSTRY? MONOPOLISTIC COMPETITION becausein monopolistic competition , there are a large

number of sellers with differentiated products

and services. Brands are established in thismarket


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What is NDP?

Net Domestic Product

NDP = GDP Depreciation

GDP = Gross Domestic Product

GDP is sum of total production in the country.

There are 3 methods to measure GDP

output method (value method), income

method (sum of income of everyone) andexpenditure method (sum of expenditure of

everyone).


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What is NNP?

NNP = Net National Product

NNP = NDP + NFIA

NDP= net domestic product

NFIA = Net factor income from abroad


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What is National Income?

NNP at factor cost

(there are two measures of NNP NNP at

market prices and NNP at factor cost).


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What is RRB?

Regional rural bank

(these are working to promote banking in

villages and small towns).


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WHAT IS MAHALANOBICS?

Mahalanobis was a well known economist

and statistician of India. He was the planner

during second five year plan. He was the

head of Indian statistical institution and manyapex bodies. He gave a model of economic

development which is called mahalonobics.

He emphasised Heavy industries and capitalintensive and basic goods industries.


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What is PSU?

Public sector unit

Examples are:

BHEL,BEL,SAIL,ONGC,IOC,HPCL,BPCL,

etc.


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What is NAVRATNAS?

9 public sector undertakings, which are profit

making and running properly and are given

full autonomy are called NAVRATNAS.


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Why is BHILAI, DURGAPUR, ANDRAURKELA famous? Steel factories were set up during II five year

plan at all these places.


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What is KPO?

Knowledge Process Outsourcing they work

for MNC and other companies and provide

them consultancy or other knowledge based

work.


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WHAT IS BPO?

BUSINESS PROCESS OUTSOURCING

It includes support services for business

units.


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What % of population is engagedin services sector? 23%


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In terms of scientists andtechnical manpower, India

ranks? 2nd


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What is customs duty?

It is the duty that is paid at the time of export

or import of goods. It has been reducing

constantly in terms of its rate.


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What are indirect taxes?

Which are ultimately not borne by the tax

payer the tax payer adds these in the prices

of finished goods to be sold to consumers

for example: Customs duty

Excise

Sales tax


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What are direct taxes?

The tax payer has to bear this charge.

Examples:

Income tax


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What is capital formation?

Investment in plants, machinery, and

productive assets is called capital formation.


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What is life expectancy?

Average expected life at the time of birth is

called life expectancy.

In India life expectancy was about 63.8 years

in 2001 (62.3 for male and 65.3 for female)


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What is literacy ratio?

Number of persons who are literarate out of

100 persons is called literacy ratio. In 2001,

our literacy ratio was 65.38 (75.85 among

males and 54.16 among females). In 1951, literacy ratio was only 16.7 (25 for

males and 7.9 for females).


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What are reasons of increasein population? High birth rate

Low death rate

Immigration


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When will our populationstabilise? As per National Population Policy 2000, our

population will stabilise in 2046.


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What is poverty line?

If a person is not able to obtain 2100 calories

of food in urban areas and 2400 calories of

food in rural areas he / she is called poor.

Cut off price is Rs 88 for urban areas and Rs.76 for rural areas as per 79-80 prices. (per

day).


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Name some poverty removalprogrammes? DPAP: drought prone area programme DDP: desert development programme IWDP: integrated wasteland development

programme

NRY: nehru rojgar yojna SJSRY: swarna jayanti sahari rojgar yojana PMIUPEP: prime minister integrated urban

poverty eradication programme

IAY : indira awas yojna PMGSY: prime minister gram sadak yojna Etc.


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What is length of Rail network inIndia? 65000 km approx.


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What is the length of roadnetwork in India? 25 lakh Km. approx. out of which 15 lakh Km

roads are surfaced and 58000 Km are

National Highways.


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How many post offices are therein India? 1.55 lakhs (out of which 1.4 lakh are in rural

areas).

India has largest post office network in the

world.


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How many doctors are therein india? 6.5 lakh approx.


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How many hospitals are therein india? 40000 approx. (including dispensaries).


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How many health centres arethere in india? 1.7 lakhs approx.


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How many nursing professionalsare there in india? Approx. 8.5 lakhs


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According to the constitution,education should be free till the

age of ? 14 years.


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How much % of GDP do wespend on education? 3.5%

Our minimum target is to spend 6% of GDP

on education. ( as per NATIONAL POLICY

ON EDUCATION 1986).


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WHAT IS GER IN INDIA?

GER : Gross enrollment ratio.

GER is about 85% in India. (that means 15

out of 100 children dont ever go to schools).

In 1951, GER was only 32%.


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What is open marketoperation? When central bank (RBI in India) takes action

to control inflation and for that purchases or

sells securities in open market it is called

open market operation.


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What is the law of diminishingmarginal returns? When unit a of a variable input are added to a

fixed input and ultimately marginal return fallsthis is called the law of diminishing marginal

returns. It is the law of short run only in thelong run all the factors are variable so thislaw will not apply.

For example: capital is 100, labour is variable

from 10 to 100. as we increase labour,initially marginal production will increase, butfinally it will start decreasing.


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ABOUT AFTERSCHOOOL

Afterschoool conducts three year integrated PGPSE (after class

12th along with IAS / CA / CS) and 18 month PGPSE (Post

Graduate Programme in Social Entrepreneurship) along with

preparation for CS / CFP / CFA /CMA / FRM. This course is

also available online also. It also conducts workshops on socialentrepreneurship in schools and colleges all over India start

social entrepreneurship club in your institution today with the

help from afterschoool and help us in developing society.


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Why such a programme?

To promote people to take up entrepreneurship and

help develop the society

To enable people to take up franchising and other

such options to start a business / socialdevelopment project

To enable people to take up social development as

their mission

To enable people to promote spirituality and positivethinking in the world


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Who are our supporters?

Afterschoolians, our past beneficiaries,

entrepreneurs and social entrepreneurs are

supporting us.

You can also support us not necessarily bymoney but by being promotor of our

concept and our ideas.


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About AFTERSCHOOOL PGPSE the bestprogramme for developing greatentrepreneurs Most flexible, adaptive but rigorous programme

Available in distance learning mode

Case study focused- latest cases

Industry oriented practical curriculum Designed to make you entrepreneurs not just an

employee

Option to take up part time job so earn while you

learn

The only absolutely free course on internet


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Workshops fromAFTERSCHOOOL IIF, Delhi CIPS, Jaipur ICSI Hyderabad Branch Gyan Vihar, Jaipur Apex Institute of Management, Jaipur Aravali Institute of Management, Jodhpur Xavier Institute of Management, Bhubaneshwar Pacific Institute, Udaipur Engineering College, Hyderabad


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Flexible Specialisations:

Spiritualising business and society Rural development and transformation HRD and Education, Social Development NGO and voluntary work Investment analysis,microfinance and inclusion Retail sector, BPO, KPO Accounting & Information system (with CA / CS /CMA) Hospital management and Health care Hospitality sector and culture and heritage Other sectors of high growth, high technology and social

relevance


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Salient features:

The only programme of its kind (in the whole world) No publicity and low profile course For those who want to achieve success in life not just a degree Indepth knowledge and expertise Professional approac: World class approach

Strong intellectual and business capabilities Flexible you may stay for a month and continue the rest of theeducation by distance mode. / you may attend weekend classes

Scholarships for those from poor economic background Latest and constantly changing curriculum keeping pace with the

time

Placement for those who are interested Admissions open throughout the year Latest and most advanced technologies, books and study material


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Components

Pedagogy curriculum and approach based on IIM Ahmedabad and ISBHyderabad (the founder is alumnus from IIMA & ISB Hyderabad)

Meditation, spiritualisation, and self development Essential softwares for business Business plan, Research projects Participation in conferences / seminars

Workshops on leadership, team building etc. Written submissions of research projects/articles / papers Interview of entrepreneurs, writing biographies of entrepreneurs Editing of journals / newsletters Consultancy / research projects Assignments, communication skill workshops

Participation in conferences and seminars Group discussions, mock interviews, self development diaryng Mind Power Training & writing workshop (by Dr. T.K.Jain)


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Pedagogy

Case analysis, Articles from Harvard Business Review Quiz, seminars, workshops, games, Visits to entrepreneurs and industrial visits

Presentations, Latest audio-visuals Group discussions and group projects Periodic self assessment Mentoring and counselling Study exchange programme (with institutions out of India)

Rural development / Social welfare projects


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Branches

AFTERSCHOOOL will shortly open itsbranches in important cities in India includingDelhi, Kota, Mumbai, Gurgaon and otherimportant cities. Afterschooolians will beresponsible for managing and developingthese branches and for promoting socialentrepreneurs.


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Case Studies

We want to write case studies on social

entrepreneurs, first generation entrepreneurs,

ethical entrepreneurs. Please help us in this

process. Help us to be in touch withentrepreneurs, so that we may develop

entrepreneurs.

i l f h l


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Basic values at afterschoool

Share to learn more Interact to develop yourself Fear is your worst enemy Make mistakes to learn Study & discuss in a group Criticism is the healthy route to mutual support and

help Ask fundamental questions : why, when, how &

where? Embrace change and compete with yourself only

ft h l tk
http://www.afterschoool.tk/http://www.afterschoool.tk/


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5 July Economics