APSC Prelims and Mains Notes, APSC Test Series
In strategic disinvestment the government sells major portion of its stake to a strategic buyer and also gives over the management control.Under it, the strategic Partner, may hold less percentage of shares than the government but the control of management will be wit him.or example, in a PSU, where the government holding 51%, and out of this, sale of … Read more
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
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
Appointment and term of office of members as per Article-316 The Chairman and other members of a Public Service Commission shall be appointed, in the case of the Union Commission by the President: Provided that as nearly as may be one-half of the members of every Public Service Commission shall be persons who at the … Read more
Current account: Current account refers to the account maintained by every government of the world in which every kind of transaction is shown, this account is maintained by the central banking body. Current transactions of an economy in foreign currency all over the world- export, import, interest payments, foreign investments in share. Capital account: … Read more
a) Green Climate fund: It is a fund within the framework of the UNFCCC founded as a mechanism to assist developing countries in adaptation and mitigation practices to counter climate change. It was established in COP 16, held in Cancun. The GCF is based in the Incheon, South Korea IPCC: It is the leading … Read more
Tax incidence: Tax incidence is the entity on whom tax is imposed. It is the distribution of the overall tax burden between sellers and buyers in an economy. Tax burden: It is the total amount of tax paid by a particular group of people, an industry etc especially as compared to what other … Read more