Economy Archives - Page 29 of 32 - Maharashtra PCS Exam Notes

DMPQ: A healthy infrastructure is must for a sustained economic growth. Bharatmala project was one of the step towards healthy infrastructure. What is Bharatmala project? What are the challenges in its implementation? ( Govt. Schemes)

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

DMPQ: Recently infrastructure status was given to the logistics sector? Analyse the advantages and major hurdles. (economy)

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. Major benefits attached by granting infra. … Read more

DMPQ: DMPQ: Unutilised employment potential in the phase of demographic transition will only lead to demographic catastrophe. Explain the cause of Unemployment in India. Steps taken by India to tackle unemployment.

India’s growth period has not been able to create job opportunities and hence sometimes it is termed as jobless growth. According to a report of CII, 12 million are entering into work force annually. This figure reaches to 18-19 million if we count the people leaving the already saturated agriculture sector. But catch lies in … Read more

DMPQ: What is Trade parity Price? and What is e-way bill? and What is OPEC? Explain the cleansing action of Soap?

What is Trade parity Price?( 2marker/economy/GSI) Ans: Trade parity price is the weighted average of import parity price and export parity price. IPP is the actual price importers would pay in case of actual import and EPP is the price oil companies would realise on export. What is OPEC? ( RAS – 2 … Read more

DMPQ: What were the objectives of Demonetisation? What were the positive effects?

On 8th Nov, 2016 86% of the currency in circulation was declared as not legal tenders. The stated objective of demonetisation was : Reduction of black money Achieving lower cash/ gdp ration An attack on fake currency To stop terror financing Increasing digital transactions Increasing tax net Positive effects of Demonetisation are as … Read more

DMPQ: Even though Indian economy is growing at a rate of 7% GDP, but still it has some Inherent vulnerabilities? Discuss

Investment – For sustaining high growth, the economy need to continuously add to its “production capacity” through new investment flows. • Productive investment is money that is spent for – building roads, ports (and other public infrastructure), factories, and workforce quality enhancement. • Currently, India is seeing a sharp decline in the rate of investments … 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: 2/3rd of our population lies in the rural India. In rural India incidence of poverty is high. Discuss the methods adopted by the Government of India to address rural distress.

Rapid agriculture growth and rapid rural employment growth were always the focus of India’s policy makers. But despite the efforts of the Government since independence a large proportion in rural India lives below poverty line. Schemes introduced by Government to improve Rural Income: In Agriculture sector following programs have been introduced: Rashtriya Krishi Vikas Yojana … Read more

DMPQ: Discuss the features of consolidated FDI Policy for 2017.

Commerce ministry has released a consolidated policy for FDI in 2017. This time they have included start ups in the FDI policy also. The major features of FDI are as follows: With the dilution of FIPB, the power for clearance has been delegated to the administrative departments. The proposal relating to the banking, mining, defence, … Read more

DMPQ: If poverty is a problem, rural poverty poses a greater threat . In this context discuss the reasons for rural poverty.

India is mainly a rural country. Nearly 68% of the people reside in the rural area. The reasons for rural poverty are multi dimensional. The reasons are social, economical, geographical. Economic cause Low agricultural productivity. Over reliance on agriculture.( quote the data) Unequal distribution of land and other assets Decline of Village industries Immobility … Read more