Economy Archives

DMPQ- What do you mean by revenue budget and capital budget? Explain the components of the respective meanings also.

The Revenue Budget comprises revenue receipts and expenditure met from these revenues. The revenue receipts include both tax revenue (like income tax, excise duty) and non-tax revenue (like interest receipts, profits). Capital Budget consists of capital receipts {like borrowing, disinvestment) and long period capital expenditure (creation of assets, investment). Capital receipts are receipts of the … Read more

DMPQ: In India still after 1991 reforms there is ambivalence towards private sector. Explain with the example( Economy)

Private sector is perceived to be guided by profit maximisation and it was considered to be anti to the objective of independent India. Hence socialism was seen as an alternative to it. This deep rooted notion about private sector is more in India. Following examples are testament to it: In civil aviation sector, there … Read more

DMPQ: Outline the recommendations of MS Swaminathan report on providing formal credit sources to the farmers.

Recommendations are as follows: Expand the outreach of the formal credit system to reach the really poor and needy. Reduce rate of interest for crop loans to 4 per cent simple, with government support. Moratorium on debt recovery, including loans from non-institutional sources, and waiver of interest on loans in distress hotspots and during calamities, … Read more

DMPQ- Inclusive growth is the major model to be focus by developing economies to achieve overall development. What are the characteristics of inclusive growth.

Economic growth is inclusive when growth percolates to all the sectors of the economy and the development is not concentrated to certain pockets but in all region. The growth should reduce the inequality between the rich and the poor. SALIENT FEATURES OF INCLUSIVE GROWTH Participation– People are able to participate fully in economic life and … Read more

DMPQ:What are the objectives of Nutrient based subsidy scheme?

Nutrient bases subsidy scheme is to ensure balanced use of fertilizers and to improve agriculture productivity. The major features of NBS are: Under the NBS Policy, a fixed amount of subsidy decided on annual basis isprovided on each grade of the subsidized Phosphatic & Potassic (P&K) fertilizersdepending upon its nutrient content.Minimum Retail Price (MRP) of … Read more

DMPQ- Write a short note on SDG India Index.

While countries around the world have been considering how to implement and measure success against the Goals, NITI Aayog has taken the lead by bringing out the SDG India Index – Baseline Report 2018, and showing how SDGs will be measured in India. NITI Aayog has constructed the SDG India Index spanning across 13 out … Read more

DMPQ:GDP represents the quantitative factor but does not include the inclusiveness and quality comment.

GDP includes the final value of all goods and services. It is a benchmark tool which is used to gauge the direction and overall wealth of the economy. For example India is 6th largest economy but it is one of the poorest country more than 22% of the people are living in abject poverty. The … Read more

DMPQ- Throw light on the issues related with Targeted Public Distribution System (TPDS).

. The main flaw in the system that a large chunk of those who are eligible for subsidized food grains under BPL category have been left out leading to critically question comprehensiveness of TPDS. The criteria for inclusion in the BPL list are solely economical which is often understated or under reported because lack of … Read more

DMPQ-Account for the recent YES bank crisis and also mention the steps taken to prevent Yes Bank Crisis.

Reasons for YES Bank crisis: Rising exposure to NPA The loan repayment capacity of the borrower is limited or very low.( IL&F S etc.) Governance issue – Yes bank was not functioning properly. Abysmal performance with lack of corporate governance Bank failed to implement Prompt corrective action Supervision and regulatory failure Steps taken: Moratorium on … Read more

DMPQ- What is a negotiable instrument. Mention the different types of negotiable instruments recognised by the Negotiable Instrument Act,1881.

A negotiable instrument is a signed document that promises a sum of payment to a specified person or the assignee. In other words, it is a transferable, signed document that promises to pay the bearer a sum of money at a future date or on-demand. The payee, who is the person receiving the payment, must … Read more