Economy

It is a e governance too which stands for Crime and Criminal Tracking network system. It aims at creating a comprehensive and integrated system for effective policing through e governance.  It is envisaged as a countrywide integrated database on crime incidents and criminals. It aims to connect all police stations, with their crime and criminal … Read more DMPQ:Explain CCTNS

‘Late Converger Stall’ refers to the phenomenon wherein a low-income country that hopes to grow into a middle or high-income country, after witnessing a period of high economic growth, fails to achieve its goal. Instead, it gets trapped in its lower income status due to various reasons. Rapid growth witnessed by such countries turns out … Read more DMPQ-What do you understand by the term Late convergence stall?

·       Pradhan Mantri MUDRA Yojana (PMMY)    Launched: 8April2015 Main Objective: Financial support for growth of micro enterprises sector. Pradhan Mantri MUDRA (Micro Units Development and Refinance Agency) Yojana was launched with the purpose to provide funding to the non-corporate small business sector. Pradhan Mantri Mudra Yojana (PMMY) is open and is available from all Bank branches … Read more DMPQ- List out the Employment Schemes and Programmes by Union Government

The Rashtriya Madhyamik Shiksha Abhiyan is a flagship scheme of Government of India, launched in March, 2009, to enhance access to secondary education and improve its quality. The implementation of the scheme started from 2009-10 to generate human capital and provide sufficient conditions for accelerating growth and development and equity as also quality of life … Read more DMPQ-Rashtriya Madhyamik Shiksha Abhiyan

NITI Aayog as guided by the central government has come up with a unique and promising idea of ‘Aspirational Districts Programme’ based on mass movement approach. The uniqueness of the programme lies in its approach and implementation based on creating a competitive environment and empowering State Governments (mains driver) diving respective districts as competitors. (total … Read more DMPQ-What is aspirational district Programme? What are its objectives?

Parallel economy, based on the black money or unaccounted money, is a big menace to the Indian economy. It is also a cause of big loss in the tax-revenues for the government. We can define black economy as the money that is generated by activities that are kept secret, in the sense that these are … Read more DMPQ-What do you understand by the term Parallel economy? What are the harmful effects of Parallel economy?

India imports 40% of the World’s total production of Gold, making India as the top importer of Gold metal. India imports approx 1000 tons of Gold per year. The imports are mainly from China, USA, Australia, South Africa and Russia. In India, approx 4000 tons of gold is lying idle in Temples, and approx 15000 … Read more DMPQ-Lust for Gold is a social feature of society but its repercussion on economy are negative in nature. Comment.

Medium of Exchange The only alter­native to using money is to go back to the barter system. However, as a system of ex­change the barter system would be highly impracticable today.  For example, if the baker who supplied the green-grocer with bread had to take payment in onions and carrots, he may either not like … Read more DMPQ- What are the Functions of money in an Economy?

Demand-Pull Effect The demand-pull effect states that as wages increase within an economic system (often the case in a growing economy with low unemployment), people will have more money to spend on consumer goods. This increase in liquidity and demand for consumer goods results in an increase in demand for products. As a result of … Read more DMPQ- Explain the Non-monetary theories of inflation

The Indian textile industry has a significant presence in the economic life of our country. It is the second largest textile industry in the world after China. The textile industry contributes about 14% to the country’s industrial output and about 17% to export earnings. After agriculture, this industry is the second largest employer in India … Read more DMPQ- Explain the Importance of textile industry in Indian economy