APSC Prelims and Mains Notes, APSC Test Series
The Generalized System of Preferences (GSP) is a U.S. trade program designed to promote economic growth in the developing world by providing preferential duty-free entry for up to 4,800 products from 129 designated beneficiary countries and territories. GSP was instituted on January 1, 1976, by the Trade Act of 1974. Under the GSP program, certain products can enter the … Read more
Characteristics of a Healthy work Culture A healthy work culture leads to satisfied employees and an increased productivity. Employees must be cordial with each other. One must respect his fellow worker. Backbiting is considered strictly unprofessional and must be avoided for a healthy work culture. One gains nothing out of conflicts and nasty politics at … Read more
In nationalised banks, the government owns more than 50% of the shares, which gives it majority voting rights. Because of this, the government can interfere in the boards of such banks and appoint inefficient people to the boards. That is, the appointment of the members might not always be based on merit. This will lead … Read more
Ans: Angel tax is a term used to refer to the income tax payable on capital raised by unlisted companies via issue of shares where the share price is seen in excess of the fair market value of the shares sold. The excess realisation is treated as income and taxed accordingly. The tax was introduced … Read more
The Tobin Tax, named after Nobel Prize-winning US economist James Tobin, was proposed in 1971 for the first time with the intention to levy it on short-term capital currency transactions. whenever currency crises have erupted, the proposal for a levy on international currency transactions has been debated. Tobin tax as a tool to discourage speculative … Read more
Shell companies are typically corporate entities which do not have any active business operations or significant assets in their possession. A shell company may be a legal entity or not. Issues associated with shell companies: There is no clear definition of shell companies. Even under the companies act they are not defined. Out of the … Read more
India has been facing serious issues as far as economy is concerned. The growth rate plummeted to 4.5%. Unemployment rate is highest in 45 years and at the same time food inflation is also on higher side. So we are going towards stagflation. The major reasons for economic slow down are as follows: Twin balance … Read more
Inflation is the general increase in the price level. This increase in the price level reduce the purchasing power and the disposable income. This decrease hurts the poor most. There are various ways to control inflation. Some of them are as follows: Credit Control: Central bank (RBI in India) can control the money flow … Read more
Steps taken by RBI: Establishment of private Asset Reconstruction Companies (ARCs) Many ARCs have been created, but they have solved only a small portion of the problem, buying up only about 5 percent of total NPAs. Strategic debt restructuring scheme: under this creditors could take over firms that were unable to pay and … Read more
Tier-1 capital: Tier 1 capital, used to describe the capital adequacy of a bank, is core capital that includes equity capital and disclosed reserves. Tier 1 capital is essentially the most perfect form of a bank’s capital — the money the bank has stored to keep it functioning through all the risky transactions it … Read more