Important Vocabulary Notes for Competitive Examinations (Set-175)
1. Conundrum [kuh-nuhn-druh m]
2. Sagacity [suh-gas-i-tee]
Example : Economists, including Chief Economic Adviser Arvind Subramanian, have openly questioned the assumptions made by the majority of the members of the RBI’s Monetary Policy Committee with regard to prices and have urged a reboot of the policy rationale.
3. Urge [urj]
4. Reboot [verb ree-boot; noun ree-boot, ree-boot]
5. Rationale [rash-uh-nal]
Example : Core inflation, which strips out the relatively volatile food and fuel prices, has also trended lower and eased below 4% for the first time in at least five years.
6. Strip out [strip-out]
7. Volatile [vol-uh-tl, -til or, esp. British, -tahyl]
Example : And with the latest industrial output data from May reflecting weaknesses in key sectors like capital goods and consumer durables, the reasoning behind demands for monetary action that could help spur both investment and consumer demand is evident.
8. Durable [doo r-uh-buh l, dyoo r-]
9. Spur [spur]
Example : Others have also flagged concerns about “deflationary trends” and the risks of relying too heavily on forecasting models.
10. Flag [flag]