IAS (Admin.) IAS Mains GS Paper 3 (Science-Tech, Economy, Environment, & Disaster Management) Indian Economy and Issues-Government Budgeting Study Material (Page 2 of 8)

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Types of Inflation and Stagflation

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Types of Inflation and Stagflation

Inflation

  • Inflation is the chronic and sustained rise in prices caused by an increase in the supply of money.
  • It is also defined as too much money chasing too few goods.
  • On the basis of the rate, there are four types of inflation:
    • Creeping Inflation: it is mild inflation which is why it is not conside…

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Commercial Banking: Functions of Commercial Banks, Banking System, Types of Commercial Banks,

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Commercial bank is an institution which accepts cheque able deposit from the public and in turn advance loans for the purpose of investment.

Functions of Commercial Banks

  • The commercial bank accepts deposits. Deposits are of three forms: savi…

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