KPSC Prelims and Mains Notes, KPSC Test Series
Indian Public Finance Value Added Tax Under the constitution the States have the exclusive power to tax sales and purchases of goods other than newspapers There are however defects of sales tax It is regressive in nature. Families with low income a larger proportion of their income as sales tax. Has a cascading effect – … Read more INDIAN PUBLIC FINANCE
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
After the WWII began, British sought cooperation from India. August Offer offered three proposals. Firstly, it called for an immediate expansion of Viceroy’s Executive Council with the inclusion of India representatives; secondly, an advisory body with the members from British India and Indian princely states which were supposed to meet at consequent intervals was established … Read more August Offer (1940)
Role of Foreign Capital and Multinational companies in Industrial development of India The development of any society or country without economic development is a myth. Economic development brings prosperity which in turns is directly proportional to the amount of goods and services produced quantitatively or in broad sense we can say in money … Read more Role of Foreign Capital
One of the basic tenets of our foreign policy has been non-alignment. As an element of foreign policy non-alignment m e a n s i n d e p e n d e n t o f b l o c s , peaceful coexistence, global peace, disarmament, struggle against all manifestations of injustices … Read more Non Alignment Movement
Increasing number of Indians from Punjab were emigrating to North America. The British government thought that these emigrants would be affected by the idea of liberty. Hence, they tried to restrict emigration. Tarak Nath Das, an Indian student in Canada, started a paper called Free Hindustan. The Hindi Association was setup in Portland in May … Read more World War I and Indian Nationalism-
Harsh Vardhan Emperor Harshavardhana, better known as Harsha, lived from 590 to 647 CE and was the third ruler of the Vardhana Empire, the last great empire in ancient India before the Islamic Invasion. He ruled from 606 CE to 647 CE. After Harshavardhana’s death, however, the Vardhana dynasty came to an end and its empire dissolved. India, the land … Read more vardhan empire
I wish for a peaceful term of India. I cannot forget that in the sky of India , Lord Canning serene as it is, a small cloud may arise ………..threaten to burst & overwhelm. ‘a battle of blacks against the whites’ (on 1857 revolt) J.W. Kaye The … Read more Famous Sayings
Areas of marsh, fen, peatland/water, whether natural (or) artificial, permanent (or) temporary with water that is static (or) flowing, fresh, brackish (or) salt, including areas of marine water the depth of which at low tide does not exceed 6 mtrs. Wetlands Classification- Inland wetland- a)Natural- Lakes / Ponds, Ox-bow Lakes, Waterlogged, Swamp/marsh b) Manmade- … Read more WET LAND ECOSYSTEM
Concept: Wealth maximization is the concept of increasing the value of a business in order to increase the value of the shares held by stockholders. The concept requires a company’s management team to continually search for the highest possible returns on funds invested in the business, while mitigating any associated … Read more WEALTH MAXIMIZATION