😳WHY❓❓❓
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What would happen if RBI mints more money?
Imagine that one fine day every Indian finds that the government has deposited Rs. 1 crore in their bank account. Even a beggar would be extremely happy to own Rs. 1 crore.
Now what next? Every person always has a wish list of things he want to buy. If a person previously wanted to buy a car worth Rs. 7 lakh but was not able to afford the same will now have enough money to buy the car. Prices of the goods are decided by the intersection of ‘Demand curve’ and ‘Supply curve’
What will happen next is that the demand for cars would be skyrocketing.
As demand increases, their would be increase in price of car.
Simply speaking the price of a car worth Rs. 7 lakh has gone above 1 crore. So now even 1 crore are not having that importance which it was having previously.
Technically speaking, excess minting of currency notes will have problems of inflation as the prices of goods will increase due to excess demand.
This is the reason why a country can’t just solve its problems by minting more money. The same happened in Zimbabwe and Germany and both of them witnessed hyperinflation
💁🏻♂ GK TODAY
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5 JUNE- WORLD ENVIRONMENT DAY
World Environment Day is observed every year on 5 June and is celebrated by more than 100 countries. The environment is a major issue, which not only affects the well-being of the people but also hampers economic development throughout the world. The theme of World Environment Day 2021 is “Ecosystem Restoration”.
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BORN TODAY 🐣💐
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Yogi Adityanath (born Ajay Mohan Bisht on 5 June 1972) is an Indian monk and Hindu nationalist politician serving as the 22nd and current Chief Minister of Uttar Pradesh, in office since 19 March 2017.
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IDIOMS & PHRASES
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Don’t cry over spilt milk
There’s no reason to complain about something that can’t be fixed
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*ANTONYMS
Expand x Contract Diminish
SYNONYMS
Focus – center, focal point
🧬 HEALTH CARE: HOME REMEDIES🩺
How To Stop Nose Bleeds| Home Remedies for Nose Bleeding
The basic and usual ways to stop sudden nose bleeding can come handy. do immediately.1. Cold compress One of the most effective remedies for nose bleeding included cold compress. Holding a cold compress against your nose for a few minutes can help constrict the tiny blood vessels in your nose that are bleeding. The coldness will encourage the nose’s interior blood vessels to narrow.
https://saachibaat.com/lifestyle/interesting-facts-4-june-2024/
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Ms. Pooja, |
