GPSC Prelims and Mains Notes, GPSC Test Series
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. Financial inclusion can lead to inclusive growth in following ways: Formalization of economy: A well spread out financial system engenders economic … Read more
Mercantilism, economic theory and practice common in Europe from the 16th to the 18th century that promoted governmental regulation of a nation’s economy for the purpose of augmenting state power at the expense of rival national powers. It was the economic counterpart of political absolutism. Mercantilism contained many interlocking principles. Precious metals, such as gold … Read more
Prahaar – The Prahaar is India’s latest surface-to-surface missile with a range of 150 kms. The primary objective of the conventionally armed Prahaar missile is to bridge the gap between the unguided Pinaka multi-barrel rocket launcher (ranging 45 kms) and the guided Prithvi missile variants. Stated to be a unique missile, the Prahaar boasts of … Read more
According to the scheme, The States and Union Territories are required to complete the works of household electrification by the 31st of December 2018. The beneficiaries for free electricity connections would be identified using Socio Economic and Caste Census (SECC) 2011 data. However, un-electrified households not covered under the SECC data would also be provided electricity connections … Read more
As per constitution, there are two types of Houses i.e. Lok sabha and Rajya sabha in the Parliament. Rajya sabha provides representation to states and is upper chamber of the house. The power balance is tilted slightly towards Lok sabha which can be gauged from following provisions: Money Bill: A Money Bill can be introduced … Read more
The Akali Movement also known as Gurdwara Reform Movement came into full swing from the early 1920’s. Its aim was to bring reform in the working and management of Sikh Gurdwaras.The Akali Movement was created to free the Sikhs historic Gurdwaras from Mahants who were supported by the British rule.Eventually the Gurdwara Reform Act was … Read more
The cryosphere is the frozen water part of the Earth system. Beaufort Sea, north of Alaska. One part of the cryosphere is ice that is found in water. This includes frozen parts of the ocean, such as waters surrounding Antarctica and the Arctic. There are places on Earth that are so cold that water … Read more
The main objectives and reasons for setting up of Family Courts are: To create a Specialized Court which will exclusively deal with family matters so that such a court may have the necessary expertise to deal with these cases expeditiously. Thus expertise and expedition are two main factors for establishing such a court; … Read more
The tax-to-GDP ratio is a ratio of a nation’s tax revenue relative to its gross domestic product (GDP), or the market value of goods and services a country produces. Some countries aim to increase the tax-to-GDP ratio to address deficiencies in their budgets. Taxes and GDP are generally related. The higher the GDP, the more … Read more
The Nirvik scheme announced by the Union Government would give a fillip to export lending and insurance cover for export credit. The scheme aims to ease the lending process and enhance loanavailability for exporters.Under the scheme,the insurance cover guaranteed will cover up to 90% of the principaland interest. The insurance cover will include both pre … Read more