Thursday, April 25, 2024
10:59 PM (GMT +5)

Go Back   CSS Forums > CSS Optional subjects > Group I > Economics
please help me in understanding some economic terms? please help me in understanding some economic terms?

Reply Share Thread: Submit Thread to Facebook Facebook     Submit Thread to Twitter Twitter     Submit Thread to Google+ Google+    
 
LinkBack Thread Tools Search this Thread
  #1  
Old Sunday, December 14, 2014
Member
  
Join Date: Dec 2012
Posts: 36
Thanks: 6
Thanked 22 Times in 12 Posts
dr anum rashid is on a distinguished road
Default please help me in understanding some economic terms?
can anyone here please explain fiscal deficit and foreign exchange reserves to me?.. and what makes a country's foreign exchange reserves go higher and vice versa. and how the higher reserves have a good impact on the overall economy of the country? and what is circular debt and a fiscal year? :/
Reply With Quote
  #2  
Old Monday, December 15, 2014
waqas izhar's Avatar
Senior Member
  
Join Date: Jan 2013
Location: Islamabad/Lahore/Peshawar
Posts: 920
Thanks: 823
Thanked 481 Times in 366 Posts
waqas izhar will become famous soon enough
Default
Fiscal deficit is that govt expenditures have exceeded govt revenue.

Forex reserves refers to amount of foreign currency with a country. They are increased by exports. The more the forex reserves the more the valuable is own currency. E.g. when dollar was costly a friendly govt donated billions of dollars to Pakistan and dollar became cheaper. If dollar is cheap then we can import machinery and technology.

Fiscal year is from the announcement of one budget to the next one.

Circular debt. Govt offices have to pay bills to wapda. Wapda has to pay dues for oil. Oil refineries have to pay taxes to govt.

Sister if that did not help ask again. Anything else?
Reply With Quote
The Following User Says Thank You to waqas izhar For This Useful Post:
dr anum rashid (Friday, October 07, 2016)
  #3  
Old Tuesday, December 16, 2014
Junior Member
  
Join Date: Dec 2014
Location: Lahore
Posts: 5
Thanks: 5
Thanked 7 Times in 5 Posts
Ayeshaa Rajpoot is on a distinguished road
Default
Are you guys appearing for the 2015 attempt? If so, can you please share the books you are following for your preparation? Thank you .
Reply With Quote
Reply

« Previous Thread | Next Thread »

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
Required Journalism Notes in Softcopy zaigham shah Journalism & Mass Communication 60 Saturday, October 16, 2021 01:42 PM
WEb Building GLossary Terms Janeeta Computer Science 3 Monday, November 04, 2019 12:09 AM
Glossary of Economic Terms and Concepts Atif Supermacy Economics 1 Tuesday, March 29, 2011 02:30 PM
Economic cost of terrorism in pakistan redmax Pakistan Affairs 0 Tuesday, January 04, 2011 02:56 AM
The Clash of Civilizations? zohaib Essays 0 Sunday, June 19, 2005 01:07 PM

CSS Forum - Privacy Statement - Terms of Service - Top

CSS Forum on Facebook Follow CSS Forum on Twitter

Disclaimer: All messages made available as part of this discussion group (including any bulletin boards and chat rooms) and any opinions, advice, statements or other information contained in any messages posted or transmitted by any third party are the responsibility of the author of that message and not of CSSForum.com.pk (unless CSSForum.com.pk is specifically identified as the author of the message). The fact that a particular message is posted on or transmitted using this web site does not mean that CSSForum has endorsed that message in any way or verified the accuracy, completeness or usefulness of any message. We encourage visitors to the forum to report any objectionable message in site feedback. This forum is not monitored 24/7.

Sponsors: ArgusVision   vBulletin, Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.