APSC Prelims and Mains Notes, APSC Test Series
It is an information repositorythat collates all loan information of individuals andcorporate borrowers. A credit repository helps banks distinguish between a bad and a good borrower andaccordingly offer attractive interest rates to good borrowers and higher interest rates to badborrowers. The move is based on the recommendations of a committee, headed by Y.M.Deosthalee.PCR will address … Read more
Public Finance Public finance is the study of the role of the government in the economy. It is the branch of economics which assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones. It includes the study of … Read more
Utilization of public fund Intergovernmental transfers from the centre to the states takes place through three channels: statutory and other transfers mandated by the Finance Commission, formula-based transfers for State Plan Schemes through the Planning Commission, and other discretionary transfers by the Planning Commission/ various central Ministries. The entire tax sharing is a part of … Read more
Utilization of public fund Intergovernmental transfers from the centre to the states takes place through three channels: statutory and other transfers mandated by the Finance Commission, formula-based transfers for State Plan Schemes through the Planning Commission, and other discretionary transfers by the Planning Commission/ various central Ministries. The entire tax sharing is a … Read more
Private member bill is introduced by the member other than the minister. It reflects the stand of opposition party on public matter. It has lesser chance to be approved by the Parliament.Its rejection by the House has no implication on the parliamentary confidence inthe government or its resignation. Its introduction in the House requires one … Read more
Pricing of public utilities and government policy Priority to public There are a number of principles which govern the pricing of public utility services. There are public utilities like education, sewage, roads, etc. which may be supplied free to the public and their costs should be covered through general taxation. Dalton calls it … Read more
Ethics in private and public relationships An inadequate way of resolving the problem consists in thinking that public ethics should be an exact equivalent of personal ethics. This is the type of solution that Aristotle gives to our problem. For Aristotle, the ethical perfection of man is developed and expressed completely and thoroughly … Read more
Dedication: Definition Dedication suggests voluntary commitment rather than rigidity. Dedication is calm and measured. There is no element of harshness or punishment in dedication. If discipline is the stick, then dedication is a voluntary willingness and desire to reach for the carrot without the threat of that stick. Dedication implies a level … Read more
Public Economics
Study of economic efficiency, distribution and government economic policy.
Developed out of the original political economy of JS Mill and David Ricardo. It is a very important branch of economics because of the foundation it provides for practical policy analysis.