Civil Services Prepby Garima Malik & Nitin Sangwan

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Economy and Development
Securities markets and non-bank finance
Contracts based on underlying assets

UPSC · Prelims and Mains

Economy and Development

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Economy and Development

Economic choices and markets
National income, capital formation and economic measurement
Aggregate demand and employment
Money, banking and monetary policy
Government budgets and fiscal policy
External accounts, exchange rates and financing
Indian development strategy and economic reforms
Human development, human capital and employment
Rural finance and livelihood diversification
Infrastructure and economic connectivity
Infrastructure investment and project models
Poverty, inequality and inclusive development
Financial inclusion: access, use and protection
Securities markets and non-bank finance

← Securities markets and non-bank finance

Contracts based on underlying assets

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Derivative value depends on an underlying asset or reference
Hedging offsets a specified price exposure
Futures create standardised future transaction obligations
Options give the buyer a right purchased with a premium

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