Economy Archives - Page 47 of 50 - Gujrat PCS Exam Notes

DMPQ- In the current COVID-19 crisis , the government is facing the issue of breaching the comfortable limit of fiscal deficit. What are the consequences of high fiscal deficit?

Fiscal deficit refers to the excess of total budget expenditure over total budget receipts excluding borrowings during a fiscal year. Fiscal Deficit = Total Budget Expenditure – Total Receipts excluding borrowings = Revenue Expenditure + Capital Expenditure – Revenue receipts – Capital Receipts of only non-debt type Implications of high fiscal deficit on economy: … Read more

DMPQ- How can Direct Port Entry Facility enable Ease of Doing Bussiness?

Direct Port Entry Facility is the noteworthy step towards reducing the logistics cost and to increase the velocity of cargo for boosting ease of doing business and economy growth. DPE will help in increasing Ease of Doing Business for the exporters, as the facility will bring efficiency and reduce dwell time, lower tariff cost and … Read more

DMPQ: What is Minimum Support Price? How will MSP rescue the farmers from low income trap?

Minimum support price is the government scheme to safeguard the interest of the farmers. GOI declares the MSP of various agricultural produce and assures the farmers that their agriculture produce will be purchased at the MSP. The Food Corporation of India acts as the Nodal agency of the GoI. MSP scheme is implemented through state … Read more

DMPQ-Explain how exchange Rate and Purchasing Power Parity effect each other.

Exchange rates in the ideal sense be a reflection of differences in purchasing power of economies on account of various factors. However, this is true only if the entire global world had free trade, without any restrictions, ability of goods to move across geographies without any hindrance, similar like a bird flying, ability to reach … Read more

DMPQ- What is the objective behind the launch of National Career service?

National Career Service is a Five Year Mission Mode Project launched by the Hon’ble Prime Minister on 20th July, 2015. The project is being implemented by the Directorate General of Employment, Ministry of Labour & Employment. National Career Service (NCS) is a one-stop solution that provides a wide array of employment and career related services … Read more

DMPQ- Evaluate the progress made by the Pradhan Mantri Awas Yojana in achieving the goal of housing for all .

. Mission Pradhan Mantri Awas Yojana (Urban) for ensuring housing for all in urban areas was launched in 2015 which is to be implemented during 2015-22. The Mission provides central assistance to all eligible families/ beneficiaries across all statutory towns for houses included under the mission. The coverage of the Mission was earlier limited to … Read more

DMPQ: What is FRBM act? Why the objectives of FRBM were not achieved.

FRBM is fiscal responsibility and budget management act is an act of parliament of India to institutionalise financial discipline, reduce India’s fiscal deficit , improve macroeconomic management and the overall management of the public funds by moving towards a balanced budget. The main purpose of the budget was to eliminate the revenue deficit and to … Read more

DMPQ: Exit problem is the biggest hurdle for Indian firms as per economic survey. To get rid of this Insolvency and Bankruptcy code was passed. What are the features of IBC.

The Insolvency and Bankruptcy Code (IBC) was enacted in 2016 to facilitate a time-bound resolution for ailing and sick firms. It could either be through closure or revival, while protecting the interests of creditors. Under IBC, either the creditor (banks) or the loaner (defaulter) can initiate insolvency proceedings. It is done by submitting a plea … Read more

DMPQ- Discuss the following terms: a) IMPRINT b) STAR

IMPRINT: IMPRINT is the first of its kind MHRD supported Pan-IIT + IISc joint initiative to address the major science and engineering challenges that India must address and champion to enable, empower and embolden the nation for inclusive growth and self-reliance. This novel initiative with twofold mandate is aimed at: (a) Developing new engineering education … Read more

DMPQ-. The declining growth in agriculture owing to two consecutive drought years indicating a building up rural distress, discuss a roadmap to ensure complete agrarian transformation of sort to ensure sustainable livelihoods for the farmers and food security for the population?

The decline in agriculture growth is attributed to two consecutive drought years; as 60% of Indian agriculture is rain-fed. A target of 4% growth has been envisaged for agriculture and allied sectors for twelfth plan period, however, the growth was (-) 0.2 per cent in 2014-15 & 1.1% in 2015-16. The depressing situation of agriculture … Read more