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🦆 Examples of black swan events::::::::::::👇👇👇👇 👉 2008 Financial Crisis 👉2008 Zimbabwe hyperinflation 👉Dotcom bubble of 2001 👉Fall of successful hedge fund Long - Term Capital Management (LTCM) due to ripple -effect 👉 Recent Covid Crisis 🔴 Why these are called "black swan" ?? Because black swan is considered to be rare, since most swans are white! -----_-----_-----_-----------_-_-----_---------- 🔴 What Is a Grey Swan Event? A grey swan event is an outlier, but which is more probably than a black swan. As a result, people can better prepare for and hedge against a grey swan than for a black swan.

BLACK SWAN //Economy // GS-3 // ✅ A black swan is an extremely rare event with severe consequences. It cannot be predicted beforehand, Black swan events can cause catastrophic damage to an economy by negatively impacting markets and investments, but even the use of robust modeling cannot prevent a black swan event. Reliance on standard forecasting tools can both fail to predict and potentially increase vulnerability to black swans by propagating risk and offering false security. The term was popularized by the book, The Black Swan, by Nassim Nicholas Taleb.

🔴 There are many important terms in the article above....do read them cautiously; like: ---- Black Swan events -----Bharat Bill Payment System (BBPS -----Mumbai Interbank Outright Rate (MIBOR -----Overnight indexed swap (OIS) contract -----Interest rate derivatives (IRDs) -----Standalone Primary Dealers (SPDs) -----Foreign Currency Settled Overnight Indexed Swap (FCS-OIS)

Economy is an island of macroeconomic and financial stability, says RBI Governor Shaktikanta Das - The Hindu https://www.thehindu.com/business/Economy/rbi-governor-shaktikanta-das-press-conference-in-mumbai-on-august-5-2022/article65730430.ece

✍️ Lines to 'beautify your MAINS' #Ethics #Essay

✍️ Lines to 'beautify your MAINS' #Ethics #Essay

Q.1582) Consider the following statements with reference to Aurobindo Ghosh's "Passive Resistance" concept. 1. In the book "New Lamps for Old", Aurobindo Ghosh explained the concept of Passive Resistance. 2. Referring to India as "Bharat Mata" in his book 'Savitri' was an act of Passive Resistance.

✍️ Lines to 'beautify your MAINS' #Ethics #Essay

🔴 A DECADE AGO: The Chawla committee set up in January 2011 made 81 recommendations on efficient and transparent distribution of resources like coal, minerals, spectrum, petroleum, natural gas, land, water and forests. Here are some of them👇👇 https://www.downtoearth.org.in/news/science-technology/from-2g-to-5g-spectrum-how-chawla-panel-put-value-to-natural-resources-84110

Gluttonous cosmic 'black widow' is heaviest-known neutron star - The Hindu https://www.thehindu.com/sci-tech/science/gluttonous-cosmic-black-widow-is-heaviest-known-neutron-star/article65699744.ece

Q.1581) Consider the following statements with respect to composition of the Rajya Sabha. 1. It is mandatory for the President to nominate 12 persons having both special knowledge and practical knowledge in literature, science, art and social service. 2. The Constitution provides the manner in which the UT representatives to Rajya Sabha are chosen.

🌟Civil Services (Mains) Examination Time Table , 2022

# GS 3 # Mains Answer Writing "Justice for environmental crimes must be dispensed quickly through criminal law protection for the environment." Analyse. 👆👆👆

✍️ Lines to 'beautify your MAINS' #Ethics #Essay