Gold Standard : It is a scheme of currency founded on the free coinage of gold. It presupposes that the state will deal and purchase gold at repaired cost in periods of the localized currency; For all functional reasons, the scheme is dead now.
Green Revolution : The period directed for the vertical increase in the output of farming goods, throughout the past couple of years. The Green Revolution was made likely by : (i) better use of fertilizers (ii) intensive cultivation, (iii) newest diversity of kernels and particularly the hybrid diversity (iv) pesticides and insecticides and (v) accessibility of guaranteed means of irrigation green transformation turned gray in 1973-74 when nourishment output was substantially lower. The major cause, as asserted by a couple of, is not the non-availability of food items, but defective distribution. There were nourishment kernel shortages in 1980 on account of critical drought in 1979. In 1998, the homeland reaped a large collection of over 194 million pitch and over 200 million pitch in 1999.
Hard Currency : The currency of a homeland in relative to which we have an harmful balance of fee, i.e., which is hard to be obtained.
Hot Money : Money which moves from one location to another to search earnings or higher rate of interest is called warm money.
Index Number : A statistical procedure of showing roughly the variations in the charges of absolutely crucial products over certain time span of time.
Inflation : It is an boost in the amount of cash in circulation without any corresponding boost in items, and, thus, it directs to an abnormal increase in the cost level.
Key Currency : A currency which is internally agreeable and is utilised in worldwide payments.
Laissez-faire : It is the other title of individualistic idea which supports personal start in trade and non-intervention by state in financial or enterprise enterprises.
Lead Bank : The Banking Commission has suggested that the nationalised banks should be inquired to conquer the entire development undertaking of in turn around areas. Each bank was to be adhered with a certain in turn around district of a district. It was to be the blame of the bank to gaze after the development of the in turn around region. The bank was to undertake more or less a techno-economic review in alignment to take general the economic and developmental needs.
Legal Tender : Any pattern of cash which is lawful quittance of a liability, and which will not be denied by the creditors.
Limited Company : A business in which the shareholder's blame is restricted to the span of the worth of the portions in it.
Lock-out : The manufacturer is shut by employers to force the employers to accept the enforced terms.
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