Category: GS-3
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Deflation vs Disinflation
Deflation vs. Disinflation Aspect Deflation Disinflation Definition A sustained fall in the general price level — inflation rate goes negative A slowdown in the rate of inflation — prices still rising, just more slowly Inflation rate direction Below 0% (e.g., +2% → −1%) Positive but falling (e.g., +8% → +4%) Prices themselves Actually decrease Still…
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What is a Sunrise Sector
Sunrise sector = new/emerging industry with high growth potential; sunset sector = mature/declining one
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The Overview Effect
One-Liners for Quick Revision Now lets come to the details:- What is the Overview Effect? The Overview Effect is a profound cognitive and psychological shift in awareness reported by astronauts and cosmonauts when they view Earth from orbit or from the Moon. Common elements of the experience include: Origin of the Term Famous Astronaut Accounts…
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Environmental Performance Index (EPI) 2026 – UPSC Quick Notes
Environmental Performance Index (EPI) 2026 – UPSC Quick Notes What is EPI? EPI 2026 at a glance India’s Performance India’s performance by major pillars Why did India rank low? Major challenges identified include: Top-performing country (2026) UPSC Prelims Facts
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MPC Explained in 7 Simple Points — A Must-Know Win for UPSC & Banking Aspirants
Source – THE HINDU NEWSPAPER Six people, a room in Mumbai, one number — the repo rate. Whatever they decide ripples straight into your EMI. That’s the Monetary Policy Committee (MPC) in one line. Why It Exists Pre-2016: the RBI Governor alone decided interest rates (after informal consultation). Opaque, and too much power in one…
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Price Elasticity of Demand
Have you ever noticed that some products continue to sell even when their prices rise, while others see an immediate drop in demand? For example, if the price of salt increases, most people still buy the same amount. But if apples become expensive, many of us reduce our purchases. This difference in how consumers respond…