WBPSC Prelims and Mains Notes-WBPSC Test Series
Public Finance Subscribe on YouTube Public finance is the study of the role of the government in the economy. It is the branch of economics which assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones. It includes … Read more PUBLIC FINANCE
Subsidies- Cash Transfer of Subsidy Issue. A subsidy is a benefit given by the government to groups or individuals usually in the form of a cash payment or tax reduction. The subsidy is usually given to remove some type of burden and is often considered to be in the interest of the public. Direct Cash … Read more -SUBSIDIES- CASH RANSFER OF SUBSIDY ISSUE
Tax Reforms in India Sience 1990 ie the liberalization of Indian economy saw the beginning of Taxation reforms in the nation. The taxation system in the nation has been subjected to consistent and comprehensive reform. Following factors arise the need for tax reforms in India:- Tax resources must be maximized for increased social sector investment in … Read more TAX REFORMS IN INDIA
Budgeting Budgeting is the process of estimating the availability of resources and then allocating them to various activities of an organization according to a pre-determined priority. In most cases, approval of a budget also means the approval to various spending units to utilize the allocated resources. Budgeting plays a criucial role in the socio-economic development … Read more BUDGETING
Subscribe on YouTube Dadabhai Naoroji: ‘Poverty in India’ (1876) He claimed that the drain of wealth and capital from the country which started after 1757 was responsible for absence of development in India. Drain was done through trade, industry and finance Two elements of the drain That arising from the remittances by European officials … Read more Drain Theory
Subscribe on YouTube The process of industrial transition divided into: industrial growth during the 19th century and industrial progress during the 20th century Industrial growth during the 19th century Decline of indigenous industries and the rise of large scale modern industries 1850-55: first cotton mill, first jute mill and the first coal mine established. … Read more Industrial Transition in India
Join Our Telegram Channel The economic consequences of the British rule can be studied under three heads: Decline of Indian Handicrafts and progressive ruralisation of the Indian economy Growth of the new land system and the commercialisation of Indian agriculture Process of industrial transition of India Decline of Handicrafts Subscribe on YouTube While India … Read more India under the British Rule
Pipes and Cistern Inlet: A pipe connected with a tank or a cistern or a reservoir, that fills it, is known as an inlet. Outlet: A pipe connected with a tank or cistern or reservoir, emptying it, is known as an outlet. If a pipe can fill a tank in xhours, then: … Read more PIPES & CISTERN
Square Root & Cube Root Step 1: First of all group the number in pairs of 2 starting from the right. Subscribe on YouTube Step 2: To get the ten’s place digit, Find the nearest square (equivalent or greater than or less than) to the first grouped pair from left and put the square root of … Read more SQUARE ROOT & CUBE ROOTS
Surds A surd is a square root which cannot be reduced to a rational number. For example, is not a surd. However is a surd. If you use a calculator, you will see that and we will need to round the answer correct to a few decimal places. This makes it less accurate. If it is left as , then the … Read more SURDS