Category Archives : Economics

1000 Prelims MCQs with detailed explanation @ Rs 350

The 1000 MCQs with detailed explanation contains all the 10 mock tests and their solutions provided in the GS Prelims Test Series 2015. This is being now provided at a discounted price of only Rs 350. The MCQs are still relevant for the upcoming UPSC Prelims exam and will provide the necessary practice and revision. You can go through this link containing prelims MCQs to get an idea about the standard and quality of questions.   How to buy You need to make the payment… Continue Reading »

Concepts – Fiscal deficit, deflation and devaluation

What is Fiscal Deficit? A government has many expenditures like salaries & payments of staff, funds for various schemes, loans and grants that it makes, contingency expenditures like those of disasters and compensation etc. Similarly it has many revenue sources like – interests it receives on loans given, revenues from disinvestment, revenues generated from selling resources like spectrum, oil, minerals etc. These type of revenues do not create any debt as government do not have to payback anything to anyone. For eg. revenues from spectrum… Continue Reading »

Underrecovery in the oil sector explained

You must have come across the term underrecovery (UR), while reading newspaper articles related to the oil sector. Most people erroneously think that UR amounts to loss. But this is not true. Before we try to understand what exactly UR is, lets get few related terms clear. Upstream Company (UC) These are the companies which extract crude oil and supply it to the Oil Marketing Companies (OMCs). An eg. of upstream company would be ONGC. Oil Marketing Companies ( OMCs) They buy the crude oil… Continue Reading »