APSC Mains 2024 Notes
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JAM stands for Jan Dhan Yojana, Aadhaar and Mobile number. The government intends to use these three modes of identification to implement one of the biggest reforms in independent India – direct subsidy transfers to the poor. Current subsidy schemes take an indirect route to reach the poor of the country. Examples are the PDS, … Read more DMPQ- What do you understand by the term JAM Trinity?
Always keep in mind the following equation for writing answer: Overall GDP= C+I+G+X-M Measure to improve investment: Lowering of corporate tax rate to increase investment. Lowering of the repo rate by 135bpsc. To increase the access to finance. Easier of FDI norms. Most of the FDI is allowed by automatic route and others via government … Read more DMPQ- Owing to low growth rate, the government has taken some steps to improve the investment and consumption climate. Enumerate the steps.
The Washington Consensus is a set of ten free market economic policy prescriptions considered to constitute the “standard” reform package promoted for crisis-wracked developing countries by Washington, D.C. – based institutions such as the International Monetary Fund (IMF), World Bank and United States Department of the Treasury. The prescriptions encompassed policies in such areas as … Read more DMPQ- Write a short note on Washington Census.( Economy)
Indian economy has some inherent vulnerabilities and that is becoming hurdle in holistic development of the economy. These areas are as follows: Investment rate is on decline. It is near about 29%. It has to be 36-38% for sustaining high growth rate as per economic survey. Investment is way better than savings as engine of … Read more DMPQ:There are some inherent vulnerabilities in the Indian economy. Without addressing them sustaining high growth will be a daunting task. What are these inherent vulnerabilities?
Exchange rate determination is either as pegged/fixed exchange rates or market-determined exchange rates. Pegged or fixed exchange rates are determined as a direct intervention of the central bank in deciding on the exchange rates. There are certain variants to such interventions like: Currency Board The central bank of a country pegs the home currency to … Read more DMPQ- Highlight the major determinants of currency exchange rates.
Universal basic income (UBI) is a model for providing all citizens of a country or other geographic area with a given sum of money, regardless of their income, resources or employment status. The purpose of the UBI is to prevent or reduce poverty and increase equality among citizens. It is one of the kind of … Read more What is Universal base income? Why it was suggested and what are its advantage?
: Brent Crude is a major trading classification of sweet light crude oil that serves as a major benchmark price for purchases of oil worldwide. This grade is described as light because of its relatively low density, and sweet because of its low sulphur content. Brent Crude is extracted from the North Sea and comprises … Read more DMPQ: What is brent crude? What are the impact of rising oil prices on India?
Managed float regime is the current international financial environment in which exchange rates fluctuate from day to day, but central banks attempt to influence their countries’ exchange rates by buying and selling currencies. It is also known as a dirty float. India’s exchange rate policy has evolved over time in line with the gradual opening … Read more DMPQ- Trace India’s progress towards market exchange rate.
Positives: Low Import Bill Low pressure on Current account deficit. Ease in the balance of Payment. Ease of pressure on Inflation. Low price for consumer if the lower price effect pass on and High revenue for centre and states if the effect doesn’t pass on to the consumer. Money saved can be utilised for social … Read more DMPQ: Discuss the impact of low crude oil prices on Indian economy.
Land reforms Distribute ceiling-surplus and waste lands; Prevent diversion of prime agricultural land and forest to corporate sector for non-agricultural purposes. Ensure grazing rights and seasonal access to forests to tribals and pastoralists, and access to common property resources. Establish a National Land Use Advisory Service, which would have the capacity to link land use … Read more DMPQ- Mention the recommendations of MS Swaminathan report on food security and land reforms.