APSC Prelims and Mains Notes, APSC Test Series
Din-i-illahi: Din-i-IIahi proclaimed by Akbar was an order or people with a motto of peace with all (sulehkull), rather than as an eclectic religion. Akbar’s Hindu nobles preferred to remain aloof, with only Birbal consenting to become a member. Raja Todar Mal, Raja Bhagwan Das and Raja Man Singh all declined to associate with … Read more
Net metering: Net metering is a billing mechanism that credits solar energy system owners for the electricity they add to the grid. For example, if a residential customer has a PV system on the home’s rooftop, it may generate more electricity than the home uses during daylight hours. If the home is net-metered, the electricity … Read more
Pardoning powers granted under article 72 of the constitution to the President Pardon – It removes both the sentence and the conviction and completely absolves the convict from all the sentences, punishments and disqualifications. Commutation – It denotes the substitution of one form of punishment for a lighter form. Remission – It implies reducing … Read more
Sunrise Industry: Sunrise industry is a colloquial term for a burgeoning sector or business that is just in its infancy but shows promise of a rapid boom. A sunrise industry is typically characterized by high growth rates, numerous start-ups and an abundance of venture capital funding. Sunrise industries generally have plenty of “buzz” surrounding them as public … Read more
The Build Operate and Transfer (BOT) Annuity Model Under BOT annuity, a developer builds the highway, operates it for a specified duration and transfers it back to the government. The government starts payment to the developer after the launch of commercial operation of the project. Payment will be made on a six month basis. … Read more
Withholding tax: A tax imposed on the income on a foreign portfolio (investments). This tax is imposed to discourage foreign investments, to encourage domestic investment, and to raise money for the government. Venture capital: Generally, a private equity capital which lends capital to the entrepreneurs who are innovative and cannot get the required fund … Read more
A) Emission trading: Emission trading is a market based approach to control pollution. In this a set of quota is set as limitation on the amount of carbon that can be emitted. If the entity exceeds the quota it has to buy from a seller which has emitted less quantum of carbon than the prescribed … Read more
Tier-1 capital: Tier 1 capital, used to describe the capital adequacy of a bank, is core capital that includes equity capital and disclosed reserves. Tier 1 capital is essentially the most perfect form of a bank’s capital — the money the bank has stored to keep it functioning through all the risky transactions it … Read more
a) Tax havens: A tax haven is a country or territory where certain taxes are levied at low rate or not at all. The basic features of tax havens are nil or nominal rates, lack of effective exchange of information, no requirement of substantive local presence. b) BEPS: Base erosion and profit sharing … Read more
Bank rate: Bank rate is the rate at which RBI lends long term to commercial banks. Bank rate is a tool which RBI uses for managing money supply. Merchant discount rate: It is a charge to a merchant by a bank for accepting payment from their customers in credit and debit cards every time … Read more