APSC Prelims and Mains Notes, APSC Test Series
Ans4: Procedure Established by Law It means that a law that is duly enacted by legislature or the concerned body is valid if it has followed the correct procedure. Following this doctrine means that, a person can be deprived of his life or personal liberty according to the procedure established by law. So, if Parliament … Read more
Isostacy:It is the state of gravitational equilibrium between Earth’s crust and mantle such that the crust”floats” at an elevation that depends on its thickness and density.Related to differences between oceanic crust, continental crust, and the mantle, is the principleof isostasy. In simplest terms, the lithosphere is “floating” on the denser, deformable,asthenosphere below. The addition of … Read more
They do not contain harmful chemicals that would cause air pollution. Components are replaced with others that are less dangerous and less harmful to the atmosphere. The idea was carried forward by a network of CSIR labs. The team came up with 3-4 formulations and looked at 30-40% of active materials which reduce particulate matter. … Read more
A carbon market allows countries, or industries, to earn carbon credits for emission reductions they make in excess of what is required of them. These credits can be traded to the highest bidder in exchange for money. The buyers of carbon credits can show the emission reductions as their own and use them to meet … Read more
Merchant Banks: A bank dealing in commercial loans and investment. They manage and underwrite new issues, provide consultancy and corporate advisory services for corporate clients on raising finds and other financial aspects. b) Venture Capital Fund: Usually the financial institutions are hesitant to finance new products because the profitability of new products is uncertain and … Read more
A target of USD 5 trillion economy by 2024-2025 was laid in the economic survey. To achieve this virtuous cycle term was used. It consists of exports, investments and savings. When these three forces will work in tandem there will be better chances of attaining the required growth rate and hence the target. Investment, especially … Read more
Monetary transmission refers to the process by which a central bank’s monetary policy decisions are passed on, through financial markets, to businesses and households. A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. Instances of people losing their hard-earned money to Ponzi schemes keep … Read more