Demand-pull inflation occurs when the demand for goods and services exceeds their supply, leading to higher prices.

Hyperinflation is an extremely high and typically accelerating inflation, often exceeding 50% per month.

Quantitative easing involves buying financial assets to inject money into the economy, aiming to lower interest rates.

Structural unemployment is primarily caused by a mismatch between the skills of the workforce and the needs of employers, often due to technological changes or shifts in the economy.

The repo rate is the rate at which the central bank lends money to commercial banks, influencing overall interest rates.

A balanced budget can stimulate economic growth by ensuring that government spending is aligned with revenues, promoting stability.

A decrease in the repo rate lowers borrowing costs for banks, encouraging them to borrow more from the RBI, which in turn increases liquidity and encourages borrowing and spending in the economy.

Contractionary fiscal policy involves reducing government spending, which can help control inflation but may also lead to higher unemployment.

Expansionary fiscal policy aims to increase aggregate demand through increased government spending or tax cuts.

Increasing the repo rate makes borrowing more expensive, which helps to reduce inflationary pressures.

Lowering interest rates encourages borrowing and spending, stimulating economic growth.

A balanced budget, where government spending equals revenue, can help reduce public debt and maintain fiscal stability.

Automation increases the demand for technology-related financial products as businesses seek funding and services to support their automation initiatives.

Climate change leads to a higher frequency of extreme weather events, which can disrupt agricultural production and affect crop yields negatively.

Environmental Conservation Acts encourage consumers to choose environmentally friendly products and services.

High inflation typically leads to tighter monetary policy, including raising interest rates to control inflation.

High inflation erodes purchasing power, leading to reduced savings and increased uncertainty in the economy.

Inflation can reduce the purchasing power of consumers, making it harder for them to afford food, thus impacting food security.

Inflation can erode purchasing power, particularly affecting the poor and undermining efforts towards inclusive growth.

Inflation decreases purchasing power, meaning that consumers can buy less with the same amount of money as prices rise.

Monetary policy impacts economic planning by influencing inflation, affecting interest rates, and regulating the money supply.

The monsoon is crucial for Indian agriculture as it provides the majority of the water needed for crop growth in the country.

Monsoon variability can lead to higher risks of crop failure due to insufficient or excessive rainfall, affecting agricultural productivity.

The current economic planning in India focuses on sustainable development to ensure long-term growth without depleting resources.

The Atal Pension Yojana (APY) aims to provide a fixed pension to workers in the unorganized sector, ensuring financial security in old age.

The main goal of the RBI's monetary policy framework is to achieve price stability, which is essential for sustainable economic growth.

The main objective of PMKSY is to enhance irrigation coverage in India, ensuring that more agricultural land receives adequate water supply.

The main objective of the Pradhan Mantri Krishi Sinchai Yojana is to enhance irrigation facilities to ensure water supply for agriculture.

The main purpose of a central bank is to manage the country's monetary policy and ensure financial stability.

Development banks aim to promote economic development in specific sectors by providing long-term financing.