KPSC Prelims and Mains Notes, KPSC Test Series
Mainstay of Indian Economy Since independence, undergone a change from being the sector contributing the highest share to the GDP to one contributing the lowest share. Agriculture is a state subject. GDP contribution (Agriculture and allied sector) 5 pc in 1950-51 7 pc in 2008-09 and 14.6 pc in 2009-10. It was 19 pc in … Read more Indian Agriculture
Current Status It is the largest and fastest growing sector globally contributing to the global output and employing more people than any other sector Why has services sector grown? Increase in urbanisation, privatisation and more demand for intermediate and final consumer services Availability of quality services is vital for the well being of the economy … Read more Services
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
Monetary Policies Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency. Objectives of Monetary Policies are:- Accelerated growth of the economy Balancing saving and investments Exchange rate stabilization Price … Read more MONETARY POLICIES
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 the economy. International competitiveness … Read more Tax Reforms in India, Direct & Indirect Tax Reforms. Subsidies- Cash Transfer of Subsidy Issue.
WHO Defines Food security to exists when all people, at all times, have physical, social and economic access to sufficient, safe and nutritious food which meets their dietary needs and food preferences for an active and healthy life. Food security has three interlinked contents such as :- Availability of food, Access to food and absorption of food. Food … Read more Food Security & Public Distribution System(PDS)
The Twelfth Finance Commission was appointed under the chairmanship of C. Rangarajan on November 1, 2002 to make recommendations regarding the distribution between the Union and the States of net proceeds of shareable taxes, the principles which should govern the grants- in-aid of the revenues of States from the Consolidated Fund of India and … Read more 12 Finance Commission of India
The International Bank for Reconstruction and Development (IBRD), commonly referred to as the World Bank, is an international financial institution whose purposes include assisting the development of its member nation’s territories, promoting and supplementing private foreign investment and promoting long-range balance growth in international trade. The World Bank was established in December 1945 at the … Read more Role of World Bank, IMF WTO & other Important International Organisations in world Economy:-
In 1978, the World Bank, for the first time, constructed an analytical country classification system. The occasion was the launch of the World Development Report. Annexed to the report was a set of World Development Indicators (WDI), which provided the statistical underpinning for the analysis. The first economic classification in the 1978 WDI divided … Read more Concept of Developing, Emerging and Developed countries.
Industrialization in Rajasthan has been a recent phenomenon, as prior to the independence the development of industries was restricted by the following factors:- Lack of Interest by the rulers Lack of technical know how Lack of transport facilities. RICCO has been established as an apex body for the development of industries in the … Read more Industrial Sector- Growth and recent trends of Rajasthan