APSC Prelims and Mains Notes, APSC Test Series
Calculation of income tax (for salaried person and excluding house rent allowance) Salary is made up of various components such as: Basic salary, House rent allowance (HRA), Special allowance Other allowances, reimbursements etc. However, not all of the amount received as salary is fully taxable. A part of it … Read more
National Income The study of National Income is important because of the following reasons: To see the economic development of the country. To assess the developmental objectives. To know the contribution of the various sectors to National Income. Internationally some countries are wealthy, some countries are not wealthy and … Read more
Sources of Income of Central Government As we all know that India is a democratic country and the main aim of the government here is to increase the welfare of the people not the profit of the government. To increase the welfare of the people the Government of India has to start welfare … Read more
Regional imbalances and income inequalitiies in India: Steps taken by the Government to reduce it. Regional imbalance is the disparity in economic and social development of two regions. One region/city/area is stronger than another region/city/area. Regions develop when investments are made to set up industries, service sectors, educational institutions, health care facilities etc. Income inequality is the unequal … Read more
Calculation of income tax (for salaried person and excluding house rent allowance) Salary is made up of various components such as: Basic salary, House rent allowance (HRA), Special allowance Other allowances, reimbursements etc. However, not all of the amount received as salary is fully taxable. A part of it … Read more
Sectoral trends in National Income of India In 1950-51, the share of the primary sector in GDP was as high as 55.8%, while that of the secondary sector was only 15.2%. There has been a steady decline in the share of primary sector since then. It fell to 26% in 2000-01. On the … Read more
Question:Machineries in an industry are an example of >>>Working Capital >>>Fixed Capital >>>Financial Capital >>>Production Capital >>>option2 Question:Finished goods in an industry are an example of >>>Working Capital >>>Fixed Capital >>>Financial Capital >>>Production Capital >>>option1 Question:Money invested by a venture capitalist in an industry is an example of >>>Working Capital >>>Fixed Capital >>>Financial Capital >>>Production … Read more
Steps to modernise agri are as follows: Increase area under irrigation. Increase adoption of hybrid and improved seeds. Dynamic seed development plans. States should aim to increase the seed replacement rate (SRR) to 33 per cent for self-pollinatedcrops and 50 per cent for cross-pollinated cropsin alternative years. Increase variety replacement ratio to phase out old … Read more
Sources of Income of Central Government As we all know that India is a democratic country and the main aim of the government here is to increase the welfare of the people not the profit of the government. To increase the welfare of the people the Government of India has to start welfare oriented schemes. … Read more
: Steps taken by the Government to reduce it. Regional imbalance is the disparity in economic and social development of two regions. One region/city/area is stronger than another region/city/area. Regions develop when investments are made to set up industries, service sectors, educational institutions, health care facilities etc. Income inequality is the unequal distribution of household or individual income across the … Read more