Understand why MSMEs are regarded as the growth engine of the Indian economy, their contribution to employment, exports and inclusive growth, major challenges, key reforms and U.K. Sinha Committee recommendations for UPSC GS 3.
Understand Potential GDP, its meaning, difference from Actual GDP, positive and negative output gaps, business cycles and their relationship with inflation for UPSC Prelims.
Understand the Bombay Stock Exchange (BSE), its history, key facts, SENSEX, investment instruments and classification of large-cap, mid-cap and small-cap companies for UPSC Prelims.
Understand stock exchanges, their meaning, working, features and functions, including liquidity, price discovery, electronic trading, and major stock exchanges such as NSE and BSE for UPSC Prelims.
Understand depositories in India, their functions, NSDL and CDSL, Depository Participants, legal framework and dematerialisation of securities for UPSC Prelims.
Understand the Secondary Market, its meaning, features, types, benefits and limitations, including stock exchanges, OTC market, liquidity, price discovery and its difference from the Primary Market for UPSC Prelims.
Understand the Primary Market or New Issue Market, its working, benefits and methods of raising funds such as IPO, FPO, Rights Issue, Private Placement, Preferential Issue and QIP for UPSC Prelims.
Understand derivatives, their meaning, underlying assets, futures, forwards, options and swaps, and their uses in hedging, speculation, arbitrage and price discovery for UPSC Prelims.
Aspirants studying on InclusiveIAS
