APSC Prelims and Mains Notes, APSC Test Series
It was the first step taken by the British Government to control and regulate the affairs of the EIC in India. First time, British government recognized the political and administrative functions of the EIC. British government laid the foundations of central administration in India. The Act designated the Governor of Bengal as the ‘Governor-General of … Read more
Changes in the Income tax act: one of the condition for resident of India was leading to creation of shell companies i.e. during a financial year, a company shall have management of its affairs wholly in India. This provision was leading to creation of shell companies. Ministry of Corporate Affairs (MCA) and Central … Read more
The Governor of state has more discretionary powers than the President of India. He is not bound to act on the advise of the council of Ministers in certain circumstances, even he need not seek its advise. The constitution does not specify these matters but the matters in which he can act without the advise of … Read more
Types of audits Product audit– An examination of a particular product or service (hardware, processed material, software) to evaluate whether it conforms to requirements (that is, specifications, performance standards, and customer requirements). Process audit– A verification that processes are working within established limits. It evaluates an operation or method against predetermined instructions or … Read more
The set of the agreement by the BCBS (BASEL COMMITTEE ON BANKING SUPERVISION), which mainly focuses on risks to banks and the financial system are called Basel accord. The purpose of the accord is to ensure that financial institutions have enough capital on account to meet the obligations and absorb unexpected losses. India has accepted … Read more
Dissatisfaction amongst Afghan nobles who supported Jalal- ud- Din. These nobles were brutally massacred by Imbrahim Lodi. Failure of administrative systems and blocking of trade routes which resulted in complete degeneration of the empires economy. Danger and threats posed by Rajput kings on Lodi armies. Bad economic conditions and fast draining treasuries due to continuous … Read more
M.K Gandhi convinced that the British rulers would not grant independence to India unless and until the Congress and Muslim League reach some conclusion on the future of the Country or the immediate formation of the Interim National Government. Hence, Gandhi directed Bhulabhai Jivanji Desai to make another attempt to appease the league leaders and … Read more
Shales are fine-grained sedimentary rocks formed of organic-rich mud at the bottom of ancient seas.Subsequent sedimentation and the resultant heat and pressure transformed the mud into shale and also produced natural gas from the organic matter contained in it. Over long spans of geologic time, some of the gas migrated to adjacent sandstones and was trapped in … Read more
Positive: Energy security: Saudi Arabia today is our 4th largest trade partner (after China, USA and Japan) and is a major source of energy as we import around 17 % of our crude oil requirement from the Kingdom. Investment:According to Saudi Arabian General Investment Authority (SAGIA), there are 322 Indian companies as joint ventures/100% owned … Read more
: At the national level the Act was enacted on September 20, 1994. This act came into force in the year 1996. It was amended in 2003 to improve regulation of technology capable of sex selection. The main purpose of enacting the PC & PNDT(prohibition of Sex Selection) Act, 1994 has been to: o Ban … Read more