IAS (Admin.) IAS Mains GS Paper 3 (Science-Tech, Economy, Environment, & Disaster Management) Indian Economy and Issues-Government Budgeting Study Material (Page 1 of 8)

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Concept of Money Supply

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Concept of Money Supply

  • The financial system refers to the system of borrowing and lending of funds.
  • The funds are used and supplied by individual, instructions, companies and the government.

The financial system can be classified into

  1. Agricultural finance: Finds r…

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Inflation: Demand Pull and Cost Push Inflation

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Inflation

Inflation is the chronic and sustained rise in prices caused by an increase in the supply of money.

Demand Pull Inflation

  • Demand pull inflation refers to a situation in which aggregate demand at the existing price level far exceeds aggregate supply of goods and services. Such inflation occurs due to excessive demand. Factors responsible for this:
    • The major source of inflation is increase in money supply in the economy. Increase in money supply results from an increase in demand deposits and expansion of loans and investment by commercial banks.
    • An increase in disposable i…

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