Prelims Notes

Public Economics

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Public Economics

Study of economic efficiency, distribution and government economic policy.

Developed out of the original political economy of JS Mill and David Ricardo. It is a very important branch of economics because of the foundation it provides for practical policy analysis.

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Miscellaneous Facts:

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Miscellaneous Facts:   India’s GDP per Capita 622 (US $ PPP). It is 684 US $ for Pakistan.   The top 3 countries with external debt are Brazil (235 billion $), China (193 billion $) & Russia (175 billion $). India is 9th with 112 billion $.   Functional employment occurs when people change from … Read more Miscellaneous Facts:

Role of Commercial Banks

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Role of Commercial Banks A Commercial bank is a type of financial institution that provides services such as accepting deposits, making business loans, and offering basic investment products There is acute shortage of capital. People lack initiative and enterprise. Means of transport are undeveloped. Industry is depressed. The commercial banks help in overcoming these obstacles and promoting … Read more Role of Commercial Banks

Drainage Systems Himalayan and the Peninsular

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  Drainage: Flow of water through well-defined channels. Network of such channels is called a drainage system . Drainage basin: An area drained by a river and its tributaries. Watershed: Boundary line separating one drainage basin from other. River basins are larger watersheds. Drainage pattern of an area depends on the geological time period, nature … Read more Drainage Systems Himalayan and the Peninsular

DMPQ- Recently ‘Green Crackers’ term was in the news. What do you understand by the term Green Crackers?

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They do not contain harmful chemicals that would cause air pollution.  Components are replaced with others that are less dangerous and less harmful to the atmosphere.  The idea was carried forward by a network of CSIR labs.  The team came up with 3-4 formulations and looked at 30-40% of active materials which reduce particulate matter.  … Read more DMPQ- Recently ‘Green Crackers’ term was in the news. What do you understand by the term Green Crackers?

DMPQ: Explain the following terms: a) Net Metering b) Green coal technology

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Net metering: Net metering is a billing mechanism that credits solar energy system owners for the electricity they add to the grid. For example, if a residential customer has a PV system on the home’s rooftop, it may generate more electricity than the home uses during daylight hours. If the home is net-metered, the electricity … Read more DMPQ: Explain the following terms: a) Net Metering b) Green coal technology

Synopsis of NCERTS

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  Introduction Indian national movement: One of the biggest. Inspired many others. Gandhian Political Strategy very important. Elements of Gandhian Strategy can be seen in the Solidarity Movement in Poland by Lech Walesa WHY IS THE INDIAN NATIONAL MOVEMENT UNIQUE In the Indian national movement, the Gramscian perspective of war of position was successfully practiced. … Read more Synopsis of NCERTS

Miscellaneous Facts:

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  1.The Marathas were Scindia (Gwalior), Holkar (Indore), Gaekwar (Baroda), Bhonsle (Nagpur).   2.Sawai Jai Singh of Amer (Jaipur) had Euclid’s ‘Elements of Geometry) & several works on Trigonometry were translated into Sanskrit. Banda Bairagi was baptised as Banda Singh Bahadur by Guru Gobind Singh.   3.Alfonso d’ Albuquerque came to India as the Portuguese … Read more Miscellaneous Facts:

DMPQ- Mention the adaptations by the desert flora and fauna.

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Deserts have almost no precipitation, or rainfall. In fact, deserts are specifically defined as areas with an average annual precipitation of less than 10 inches per year. Deserts usually have really high daytime temperatures, low nighttime temperatures, and very low humidity. Desert soil is often sandy, rocky, or gravely. Plant life is highly specialized to … Read more DMPQ- Mention the adaptations by the desert flora and fauna.