Question
What term describes a economic situation characterized
by high inflation, low economic growth, and high unemployment?Solution
Stagflation is a rare and complex economic phenomenon that combines high inflation, stagnant economic growth, and high unemployment. It occurs when an economy experiences a decline in output and a rise in prices, contrary to the typical trade-off between inflation and unemployment. The term was coined in the 1960s to describe this unique combination of economic challenges.
The Karnataka government has signed a Letter of Intent (LoI) with Foxconn, a major iPhone assembler for tech giant Apple, to undertake two marquee proje...
Startup Incubation and Innovation Centre (SIIC,) of_______ have signed MoU with YES Bank that seeks to provide crucial support to the startups incubated...
Which bank has launched two lending products powered by the Public Tech Platform for Frictionless Credit (PTPFC), introduced by the Reserve Bank Innovat...
Who is the recently appointed Chairman and Managing Director of NHPC Ltd?
The Askot Wildlife Sanctuary which is established to protect the endangered species Musk Deer and its habitat in _________ has been declared as an Eco-...
How much prize money will each of the 25 shortlisted teams receive for prototype development in Statathon?
In what year did Muhammad Bin Qasim successfully lead the Muslim conquest of Sindh, marking the beginning of Muslim rule in India?
The RBI has introduced a Card-on-File (CoF) token facility at the level of banks and other institutions to provide convenience for cardholders to get to...
The Citizen Sentinel app, launched by Kerala’s Transport Minister, aims to monitor:
Who won gold in the Miss World 2025 Sports Challenge?
Relevant for Exams:
