Economy

DMPQ- . “ A large numbers of public and private lenders are participants in Indian money market.” Elucidate.

Theoretically any one can participate in the market. Yet market practices and regulatory pronouncements have placed certain restrictions on participation for each of the sub-markets in the money market. Central Government The Central Government is an issuer of Government of India Securities (G-Secs) and Treasury Bills (T-bills). These instruments are issued to finance the government … Read more

DMPQ- It is imperative to raise the agricultural competitiveness of farmers with small land holdings. Outline the suggestions to improve the agricultural competitiveness.

  Promotion of commodity-based farmers’ organisations such as Small Cotton Farmers’ Estates to combine decentralised production with centralised services such as post-harvest management, value addition and marketing, for leveraging institutional support and facilitating direct farmer-consumer linkage. Improvement in implementation of Minimum Support Price (MSP). Arrangements for MSP need to be put in place for crops … Read more

DMPQ-SWAYATT

SWAYATT is an initiative to promote Start-ups, Women and Youth Advantage Through eTransactions on Government e-Marketplace (GeM). This will bring together the key stakeholders within theIndian entrepreneurial ecosystem to Government e-Marketplace the national procurement portal. The nationallaunch of SWAYATT would further seek to promote inclusiveness by catapulting various categories of sellersand service providers, take proactive … Read more

DMPQ-What do you understand by the term Crowding out effect?

Crowding out is an economic concept that describes a situation where government spending and borrowing reduces overall private sector consumption and investment. Crowding out can be caused by an expansionary fiscal policy financed by increased taxes, borrowing or both. Crowding out can refer to when government borrowing absorbs all the available lending capacity in the … Read more

DMPQ: Explain in detail the methods to calculate National Income.

There are 3 methods to calculate the National income.These methods are given by Simon Kuznets. PM (Product Method) or Product service method. IM (Income Method) CM (Consumption Method) or expenditure method. In India the combination of Product method and Income methods is used for calculating the National Income.   PRODUCT METHOD: NI = GDP  – income earned in … Read more

DMPQ- . “In 1991 India went through many liberal economic policies which changed India’s economic scenario” Elucidate.

End of license raj On 24 July 1991, Prime Minister Narasimha Rao announced the end of the license-permit Raj and Finance Minister Manmohan Singh presented a historic budget that rolled out economic liberalisation in India. It proposed getting rid of the Monopolies and Restrictive Trade Practices asset limit totally. Industrial licensing would be abolished for … Read more

DMPQ- Government has taken various step towards boosting consumption. Enumerate the number of steps taken by government to boost consumption.

Government has taken various measures to boost the incomes especially rural incomes to usher spending and consumption levels in the economy. Increase in the Minimum Support Prices (MSPs) for all mandated Rabi crops and Kharif crops for 2019-20 season. To provide an assured income support to the small and marginal farmers, the cash transfer scheme … Read more

DMPQ-Write a short note on the PM AASHA scheme?

It is anew Umbrella Scheme “Pradhan Mantri AnnadataAaySanraksHan Abhiyan’ (PM-AASHA).  The Scheme is aimed at ensuring remunerative prices to the farmers for their produce as announced in the Union Budget for 2018. The new Umbrella Scheme includes the mechanism of ensuring remunerative prices to the farmers and is comprised of   Price Support Scheme (PSS): … Read more

DMPQ-Land reforms were the initial initiatives taken post Independence era. Discuss the significance of the Land reforms.

The Indian agricultural system was plagued by ills of absentee landlordism, tenancy. Land reform was thereforeneeded to break the shackles of zamindari systems prevalent since British raj. Farmers were made owners of theirland after which they worked wholeheartedly on their farms. Significance of Land reforms in India: Land ceiling to disburse surplus land amongst small … Read more