Automation tends to increase the demand for high-skilled labor as tasks become more complex and require advanced technical skills.

Environmental Conservation Acts encourage sustainable practices, which can lead to long-term economic benefits.

An increase in government spending directly increases aggregate demand, which can lead to higher economic growth.

Automation can reduce production costs, which may lead to lower consumer prices if the savings are passed on to consumers.

Monetary policy can play a significant role in disaster management by adjusting interest rates to stimulate economic recovery in the aftermath of a disaster.

The MGNREGA scheme provides guaranteed employment to rural households, thereby ensuring income and contributing to inclusive growth.

MSP guarantees farmers a minimum price for their produce, encouraging them to grow more food and thus enhancing food security.

The RBI influences inflation primarily by adjusting interest rates, which affects borrowing and spending in the economy.

Elasticity measures how much the quantity demanded or supplied of a good responds to changes in price.

Disaster management frameworks can affect local businesses positively by providing subsidies and support to help them recover and sustain operations after a disaster.

A balanced budget implies that the government's revenues are equal to its expenditures, indicating fiscal discipline.

A budget deficit occurs when government spending exceeds its revenue, indicating a shortfall.

A decrease in the repo rate indicates an easier monetary policy, encouraging banks to borrow more and lend more.

GDP stands for Gross Domestic Product, which measures the total economic output of a country.

CRR is the percentage of total deposits that banks must hold as reserves with the RBI.

The repo rate is the rate at which banks borrow money from the RBI, influencing the overall money supply.

Fiscal policy involves government spending and taxation decisions aimed at influencing the economy.

Interest rate refers to the cost of borrowing money, which is influenced by monetary policy.

Liquidity refers to the ability to convert assets into cash quickly without significant loss in value.

Monetary policy transmission refers to the process through which changes in monetary policy affect the economy, particularly through interest rates and credit availability.

Monetary Policy refers to the regulation of money supply and interest rates by the central bank to control inflation and stabilize the currency.

The monetary transmission mechanism refers to the process through which changes in monetary policy affect the economy, particularly interest rates and investment.

Bonds are commonly used to fund disaster recovery efforts as they allow governments to raise capital for rebuilding and recovery projects.

Raising the reserve requirement means banks must hold more reserves, leading to a decrease in the money supply.

A common challenge faced by banks during disaster recovery is the increased loan demand from businesses and individuals seeking to rebuild and recover.

A common challenge is the uncertain returns on investment associated with environmental projects, which can deter banks from financing them.

A key challenge for central banks is managing inflation while fostering an environment that encourages innovation and technological advancement.

Cooperative banks are owned and operated by their members, focusing on serving their needs.

A financial instrument is characterized by its ability to be traded in financial markets.

Widespread automation can lead to increased income inequality as high-skilled workers benefit more than low-skilled workers.