Exams

Monetary policy is the process by which the monetary authority of a country, typically the central bank or currency board, controls either the cost of very short-term borrowing or the monetary base, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

The basic objective of monetary policy is to assist the economy in achieving a full-employment, noninflationary level of total output.

Cause-effect chain: Changes in the money supply affect interest rates, which affect investment spending and therefore aggregate demand.

The sources of state power are specifically outlined in the Tenth Amendment of the Bill of Rights.
When the Constitution was first proposed, many people were concerned about the federal government become too powerful. A group known as the anti-federalists pushed for a way to legally set aside certain rights and powers to individual states.

This amendment was added to satisfy the anti-federalists who were concerned that the Constitution would grant the federal government unlimited power.

The Tenth Amendment states that all powers that are not specifically given to the federal government are reserved to individual states.

Dr. BR Ambedkar was elected to Constituent Assembly from West Bengal.