Download the BYJU'S Exam Prep App for free IAS preparation videos & tests - Download the BYJU'S Exam Prep App for free IAS preparation videos & tests -
The 4 different types of money as classified by the economists are commercial money, fiduciary money, fiat money, commodity money. Money whose value comes from a commodity of which it is made is known as commodity money. You can read about the Money Supply in Economy – Types of Money, Monetary Aggregates, Money Supply Control in the given link.
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A government-issued currency that is not backed by a commodity such as gold is known as Fiat Money. Payment on the basis of trust but not on the basis of any order of the government is known as fiduciary money; examples are cheques. The portion of a currency which is made of book money – debt generated by commercial banks is known as commercial bank money.
Further readings:
- Monetary Policy Committee (MPC) – Structure, Objectives UPSC Notes
- Monetary Policy – Objectives, Role, Instruments
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Now, delving into the provided article on BYJU'S Exam Prep App, it's clear that the platform aims to cater to the needs of IAS aspirants by offering free preparation videos and tests. BYJU'S has established itself as a prominent player in the education sector, and its Exam Prep App seems to be a valuable resource for those preparing for the IAS exam.
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IAS Preparation Levels:
- The article discusses the availability of study materials for different classes (Class 6 to Class 12) and provides NCERT solutions for various subjects like Physics, Chemistry, Biology, Maths, Accountancy, Business Studies, Economics, and more. This indicates a comprehensive approach to covering the entire academic spectrum relevant for IAS preparation.
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Subjects Covered:
- The inclusion of subjects like Physics, Chemistry, Biology, Maths, Accountancy, Business Studies, and Economics reflects a holistic preparation strategy, acknowledging the interdisciplinary nature of the IAS exam.
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NCERT Solutions:
- The article emphasizes the provision of NCERT solutions for different classes and subjects. This signifies the recognition of the importance of NCERT books, which are considered fundamental for building a strong foundation in various subjects.
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Class-wise NCERT Solutions:
- The classification of NCERT solutions according to class and subjects ensures a targeted and organized approach for students at different academic levels.
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Mathematics and Science:
- The inclusion of specific chapters for Mathematics and Science in the article highlights the significance of these subjects in IAS preparation.
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IAS Exam Levels (Class 9-12):
- The article extends its coverage to Class 9 to Class 12, indicating the recognition of the IAS aspirants' need for a long-term and sustained preparation strategy.
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Other Educational Resources:
- The article goes beyond NCERT solutions and includes additional resources like CBSE sample papers, RD Sharma solutions, and other reference materials, showcasing a multi-dimensional approach to exam preparation.
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Formulae and Concepts:
- The article provides information on various formulas in Mathematics, Algebra, Trigonometry, and Geometry. It acknowledges the importance of mastering these foundational concepts for success in competitive exams.
In conclusion, the BYJU'S Exam Prep App appears to be a comprehensive platform catering to the diverse needs of IAS aspirants, covering a wide range of subjects and academic levels. The inclusion of NCERT solutions, sample papers, and reference materials aligns with the multifaceted approach required for a rigorous exam like the IAS.
