JKPSC Prelims and Mains Notes, JKPSC Test Series
The 1991 is a hallmark year as it launched Indian into a new era of economic freedom. It majorly changed our economy from controlled to a free economy. One of the ingredient was tax reforms. The major changes one can observed in the tax system are as follows: Widening of tax bases both by addition … Read more
It was in the wake of the Liberalisation in 1991 that it cecame imperative for the government to reform the financial sector in order to reinvigorate the economy. GOI set up committee under the guidelines of Narsimha. Subscribe on YouTube Recommendation: It advised the RBI not to use CRR as a principal investment of monetary … Read more
In India there is large inequality in terms of wealth. To set off this bridge Govt resorts to subsidies for resource redistribution and to achieve social welfare of the masses. Over the periods of time different political class have used subsidies to garner votes. There are various advantages of subsidies: Empowerment and security to … Read more
The fourth industrial revolution is a technological revolution that will fundamentally alter the way we live, work and relate to one another. The 4threvolution will be characterized by the advent of cyber-physical systems which, while being reliant on the technologies and infrastructure of the third industrial revolution, represent entirely new ways in which technology becomes … Read more
The fiscal deficit is the difference between the government’s total expenditure and its total receipts excluding borrowing. Current account deficit is when country’s export of goods, services and transfers are lesser than its imports of goods, services and transfers. Impacts of Fiscal deficit: If unchecked it will lead to crowding out effect, manipulation of … Read more
Due to globalization, the economies of world are more inter-connected than ever. With increased growth of economic activities around the world, it has impacted India’s GDP in several ways. How global economic environment affects GDP of India: Global crisis will severely affect certain sector, which will then have spill over effects there by affecting … Read more
Dear below is the list of questions furnished in Economy section of DMPQ Join Our Telegram Channel Subscribe on YouTube
Financial inclusion refers to delivery of financial services, including banking services and credit, at an affordable cost to the vast sections of disadvantaged and low-income groups who tend to be excluding. Subscribe on YouTube Financial inclusion can lead to inclusive growth in following ways: Formalization of economy: A well spread out financial … Read more
Bharatmala is an ambitious project to improve the road infrastructure in the country. It is an umbrella project under the Ministry of road transport and highways. It will subsume the unfinished project under National Highway development programme. Under the plan the government intends to develop 83,677 km of highways and roads at an investment … Read more
With growing sectors like automotive components, pharmaceuticals, cement, textiles, FMCG and e-commerce, there was the need of the healthy and efficient logistics sector. India rank 35 out of 160 in the logistics performance index. ( This is quite low). Hence GOI recently granted infrastructure status to the logistics. Subscribe on YouTube Join Our Telegram … Read more