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📈 Effects of Rupee Appreciation and Rupee Depreciation on the Economy
Appreciation - Reduces export competitiveness but lowers import costs and inflation.
Effects:
- Export decline,
- cheaper imports,
- lower inflation,
- trade deficit,
- reduced forex reserves.
Depreciation - Boosts export competitiveness but raises import costs and inflation.
Effect:
- Export boost,
- costlier imports,
- higher inflation,
- trade surplus,
- increased forex reserves.
🧠 How to never get confused: Remember these 5 elements. IE FIT (Import, Export, Forex, Inflation, Trade). The effects are just opposite in both cases on these elements. In Appreciation, everything declines, decreases etc and in Depreciation everything increases (again opposite to the name).
✅ Such basic Economic concepts are asked almost every year in Prelims. Do revise.
Good Luck ✨
#upsc #prelims2024 #economics
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This is to give you an idea as where to focus and what to prioritise. What is being asked. You can see that the usual math topics such as Time and Work, CI & SI, which are favourites of other exams are literally negligible in CSAT. Even if the trend changes this year, it could change for one topic. So prepare accordingly. Number system is hot favourite. Don't miss.
Good Luck ✨
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✅ Most asked Topics from Maths Section of CSAT Exam in Last 5 years (since 2019):
1. Number System - 48 Questions
2. Linear Equations - 38 Questions
3. Percentage and Ratio - 23 Questions
4. P&C and Probability - 22 Questions
5. Geometry - 14 Questions
6. Average - 12 Questions
7. Time & Distance - 6 Questions
8. Calendar - 5 Questions
9. LCM & HCF - 5 Questions
10. Time and Work - 3 Questions
11. DI - 2 Questions
12. Mixture - 2 Questions
13. CI & SI - 1 Question
#upsc #prelims2024 #csat
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Job Alert 🚨
✅ Post: Assistant Manager (Grade - I)
✅ Organization: SEBI
✅ Form Availability: 11 June '24 to 30 June '24
✅ Prelims: 27 July 2024
✅ Mains: 31 August 2024
✅ Interview: TBA
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