by Team Spectrum Books | Apr 19, 2021 | Terms
The lockdown period witnessed a major rise in the number of gamers with the launching of new gaming consoles. This pastime helped many a person deal with isolation due to lockdown, but it also resulted in physical and mental sickness among them. During and after...
by Team Spectrum Books | Apr 7, 2021 | Terms
The COVID-19 pandemic and the resultant lockdown greatly changed consumer behaviour. People preferred digital medium due to concerns related to social distancing and hygiene. But the online platforms were unable to cater to all the requirements in a time-bound manner....
by Team Spectrum Books | Apr 7, 2021 | Terms
Banks borrow funds from the Reserve Bank of India (RBI) at the repo rate. It is the interest rate at which the RBI lends money to commercial banks against government securities. Lowering of repo rate by the RBI makes banks lend at a lower rate. The Monetary Policy...
by Team Spectrum Books | Feb 27, 2021 | Terms
The term technical recession refers to two consecutive quarters of decline in output. So, an economy is said to be in technical recession, when there are successive contractions (or back-to-back contractions) in its real GDP. Technical recession is basically used to...
by Spectrum | Feb 24, 2021 | Terms
A V-shaped recovery or V-shaped recession is a situation when the economy rebounds rapidly to its baseline before recession, and achieves the same rate of growth that was prevalent before the crisis. The economy comes under a steep recession but recovers fast and...
