Economy Archives - Assam PCS Exam Notes

DMPQ- Highlight the recommendations of Swwaminathan Commission mentioning bioresources for their nutrition and livelihood security of Rural India.

Rural people in India depend on a wide range of bioresources for their nutrition and livelihood security. The report recommends: Preserving traditional rights of access to biodiversity, which include access to non-timber forest products including medicinal plants, gums and resins, oil yielding plants and beneficial micro-organisms; Conserving, enhancing and improving crops and farm animals as … Read more

DMPQ- What is peer to peer landing? What are the advantages associated with it?

P2P lending is the popular type of crowd funding, whereby an internet platform collects small amounts of funds from individuals in a crowd to finance collectively a larger loan to individuals or businesses. Websites that facilitate peer-to-peer lending have greatly increased its adoption as an alternative method of financing.P2P lending is also known as social … Read more

DMPQ- What is strategic disinvestment? Critically examine the challenges associated with disinvestment?

Disinvestment means the dilution of stake of the Government in a public enterprise. According to the government, strategic disinvestment would imply the sale of a substantial portion of the Government shareholding of a central public sector enterprises (CPSE) of upto 50%, or such higher percentage as the competent authority may determine, along with transfer of management … Read more

Quick Revision- MONETARY POLICY TOOL

MONETARY POLICY TOOL: There are several direct and indirect instruments that are used for implementing monetary policy. Repo Rate: The (fixed) interest rate at which the Reserve Bank provides overnight liquidity to banks against the collateral of government and other approved securities under the liquidity adjustment facility (LAF). Reverse Repo Rate: The (fixed) … Read more

DMPQ: What was the purpose of PDS? Evaluate its functioning. ( schemes evaluation)

PDS was establish to procure gain and other cereals from farmers and distribute it through a subsidised scheme to those most vulnerable to hunger. It was started in the late 1960s and was subsequently expanded to rural districts. The scheme in principal can be faulted but in practice the result have been abysmal. According … Read more

DMPQ- What is Saubhagaya Scheme? Write down the expected outcome of the scheme?

According to the scheme, The States and Union Territories are required to complete the works of household electrification by the 31st of December 2018. The beneficiaries for free electricity connections would be identified using Socio Economic and Caste Census (SECC) 2011 data. However, un-electrified households not covered under the SECC data would also be provided electricity connections … Read more

DMPQ- Analyse the Salient Features of Labour Legislations.

Social Equity Another principle on which labour legislation is based on social equity. Legislation based on social justice fixes a definite standard for adoption for the future, taking into consideration the events and circumstances of the past and the present. Social Justice In an industrial set up, social justice means an equitable distribution of profits … Read more

DMPQ: What is One Nation One card? Explain the rationale behind such theme?

One Nation One Ration Card Scheme which will allow portability of food security benefits will be available across the country from 1st July, 2020. This means poor migrant workers will be able to buy subsidized rice and wheat from any ration shop in the country. Highlights of the Scheme The scheme is all about inter-state … Read more

DMPQ- How important are India’s mega food parks for India’s food processing industry?

The Scheme of Mega Food Park aims at providing a mechanism to link agricultural production to the market by bringing together farmers, processors and retailers so as to ensure maximizing value addition, minimizing wastage, increasing farmers income and creating employment opportunities particularly in rural sector. The Mega Food Park Scheme is based on “Cluster” approach … Read more

DMPQ- Explain the following terms: a) Current weekly status b) Current daily status

Current weekly status: The Current Weekly Status (CWS) approach to measuring unemployment uses seven days preceding the date of survey as the reference period. A person is considered to be employed if he or she pursues any one or more of the gainful activities for at least one-hour on any day of the reference week. … Read more