DMPQ: Write a short note on Generalised system of Preference.

The Generalized System of Preferences (GSP) is a U.S. trade program designed to promote economic growth in the developing world by providing preferential duty-free entry for up to 4,800 products from 129 designated beneficiary countries and territories. GSP was instituted on January 1, 1976, by the Trade Act of 1974. Under the GSP program, certain products can enter the … Read more

DMPQ- Write a short note on Big Data.

Big data is the huge amount of data which is present in an unprocessed way. It is a complex data. Big data is characterised by 3 Vs ie. Volume of data, velocity of data i.e. processed and complex variety of data. Big data has various useful application. The application of Big data can be seen … Read more

DMPQ- What is peer to peer landing? What are the advantages associated with it?

P2P lending is the popular type of crowd funding, whereby an internet platform collects small amounts of funds from individuals in a crowd to finance collectively a larger loan to individuals or businesses. Websites that facilitate peer-to-peer lending have greatly increased its adoption as an alternative method of financing.P2P lending is also known as social … Read more

DMPQ- What is National Agricultural Market (NAM)?

The National Agriculture Market is envisaged as a pan-India electronic trading portal which seeks to network the existing APMCs and other market yards to create a unified national market for agricultural commodities. NAM is a “virtual” market but it has a physical market (mandi) at the back end. NAM is proposed to be achieved through … Read more

DMPQ- Give suggestive measures for inclusive Agricultural Price Policy

Establishment of Some More Agencies Apart from Food Corporation of India, some more agencies should be set up for ensuring rational prices of other agricultural products and also for procuring other agricultural products. In the meantime the government has already set up Cotton Corporation and Jute Corporation, which needs to be further strengthened. Extension of … Read more

DMPQ- List out the objectives of Rashtriya Madhyamik Shiksha Abhiyan.

RMSA has following objectives:- To ensure that all secondary schools have physical facilities, staffs and supplies at least according to the prescribed standards through financial support in case of Government/ Local Body and Government aided schools, and appropriate regulatory mechanism in the case of other schools. To improve access to secondary schooling to all young … Read more

DMPQ-Explain the following term: a) Merchant Banks b) Venture capital fund c) Viability gap fund d) Value capture financing

Merchant Banks:      A bank dealing in commercial loans and investment. They manage and underwrite new issues, provide consultancy and corporate advisory services for corporate clients on raising finds and other financial aspects. b) Venture Capital Fund: Usually the financial institutions are hesitant to finance new products because the profitability of new products is uncertain and … Read more

DMPQ-What do you understand by the term Crowding out effect?

Crowding out is an economic concept that describes a situation where government spending and borrowing reduces overall private sector consumption and investment. Crowding out can be caused by an expansionary fiscal policy financed by increased taxes, borrowing or both. Crowding out can refer to when government borrowing absorbs all the available lending capacity in the … Read more

DMPQ- Critically analysis India’s performance in Global Competitiveness Index

Featuring the new Global Competitiveness Index, the Report assesses the competitiveness landscape of 140 economies, providing unique insight into the drivers of economic growth in the era of the Fourth Industrial Revolution. Current position of india The country’s favourable demographic has earned it a rank of 58 among 140 countries in the World Economic Forum’s … Read more

DMPQ-The Board for Industrial and Financial Reconstruction (BIFR)

The Central Gov­ernment has set up a Board for Industrial and Fi­nancial Reconstruction (BIFR) with effect from 12 January 1987 in pursuance of enactment of the Sick Industrial Companies (Special Provision) Act, 1985. This is a major step for intervening at an early stage and detecting, preventing, as well as taking ameliorative, remedial and such … Read more

DMPQ- What are the benefits of Bottom up planning?

Following are some of the important functional factors responsible for adoption of decentralised planning in the present context in India: Considering the huge size and proportion of rural population in India, it is felt that proper linkages must be established between dispersed small villages and also between such villages and adjacent small towns by developing … Read more

DMPQ- Highlight the key features of The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Second Amendment) Bill, 2015

Highlights of the Bill This Bill amends the principal Act passed in 2013. The Bill enables the government to exempt five categories of projects from the requirements of: (i) social impact assessment, (ii) restrictions on acquisition of multi-cropped land, and (iii) consent for private projects and public private partnerships (PPPs) projects. The five categories of … Read more

DMPQ:Explain CCTNS

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-What do you understand by the term Late convergence stall?

‘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- List out the Employment Schemes and Programmes by Union Government

·       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-Rashtriya Madhyamik Shiksha Abhiyan

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-What is aspirational district Programme? What are its objectives?

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 are the Functions of money in an Economy?

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- Explain the Non-monetary theories of inflation

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 Importance of textile industry in Indian economy

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 Development Financial institution (DFI)

A Development Financial institution (DFI) is defined as “an institution endorsed or supported by Government of india primarily to provide development/Project finance to one or more sectors or sub-sectors of the economy. the institution differentiates itself by a thoughtful balance between commercial norms of operation, as adopted by any financial institution like commercial bank and … Read more

DMPQ- Explain the Interrelationship between agriculture and industry

Industry is not the substitute of agriculture, rather they are complementary to one another. Both these sectors are so attached with each other that it is not possible to increase the growth of one sector sector without the improvement of the other sector. If agriculture is considered as the ‘heart’ of the country, then obviously … Read more

DMPQ:There are some inherent vulnerabilities in the Indian economy. Without addressing them sustaining high growth will be a daunting task. What are these inherent vulnerabilities?

Indian economy has some inherent vulnerabilities and that is becoming hurdle in holistic development of the economy. These areas are as follows: Investment rate is on decline. It is near about 29%. It has to be 36-38% for sustaining high growth rate as per economic survey. Investment is way better than savings as engine of … Read more

DMPQ- Write down a short note on the initiative Shakti.

SHAKTI stands for Scheme for Harnessing and allocating Koyala Transparency in India. It is a  transformational policy for auction and allotment of coal linkages. This policy will award fuel supply agreements to coal plants already holding letter of assurance. Coal linkage would be allocated to state owned power distribution companies. The major objective to bring … Read more

DMPQ:Financial inclusion is a significant aspect with respect to our economy. What is the significance of Financial Inclusion? What are the measures taken for Financial Inclusion?

Financial inclusion has been recognised as a key building block which will form the foundation for achieving several of UN’s Sustainable Development Goals.  As a construct, it provides much more than access to financial services.  In a country like India, till a few years ago, a bank account was a source of pride.  If properly … Read more

DMPQ:Explain the open market operations of RBI.

Open market operations is the sale and purchase of securities, bills and bonds of government as well as private financial institutions by the Central Bank. This is one of the qualitative too available with the central bank to deal with inflation and money supply in the economy. Functioning:  If the central bank sells these instruments, … Read more

DMPQ:Quality Higher education is key to reap the benefits of Demography. In this context suggest ways to improve Higher Education.

Higher education has to be taken to next level to make India a knowledge economy. But quality of HE is an issue and that need quick redressal. The  major steps that can be taken to transform Higher education are: Implementation: Implementation of reforms as pointed out by TSR Subramanian Committee. Autonomy: Reforming or replacing UGC, … Read more

DMPQ-Write down the potential of big data analytics in various sectors.

Government: The Indian Government utilizes numerous techniques to ascertain how people areresponding to government action, as well as ideas for policy augmentation. Healthcare: Big data analytics plays a vital role in improving services and tackling some of theforemost challenges in the healthcare sector, especially in terms of patient profile analysis,genomic analysis, public health monitoring, diagnosis … Read more

DMPQ :What were the reasons for dismal performance of Tribal Policy.

Quite often the funds allocated for tribal welfare are not spent or are spent without correspondingresults and sometimes funds are even misappropriated. The watch dog of tribal interests, Tribal AdvisoryCouncil has not functioned effectively. Administrative personnel are either ill trained or prejudiced against tribals. A major handicap from which tribals suffer is denial of justice, … Read more

DMPQ :India is passing through the phase of demographic dividend but at the same time India is also going to face issues of ageing population. In this context discuss the issues attached with the elderly Population.

With increase in the average expectancy age , the issue of elderly population will arise in the near future. The economy has to look into to take care of the elderly population. But there are some issues attached with ageing population: Lack of uniform and accessible pension system. Premium rates are different and there are … Read more

DMPQ-Write a short note on Nirbhaya Fund.

It is a dedicated fund set up by Ministry of Finance,in 2013, for implementation of initiatives aimed atenhancing the safety and security for women inthe country. It is a non-lapsable corpus fund.Ministry of Women and Child Development is thenodal Ministry to appraise schemes under NirbhayaFund and also to review and monitor the progressof sanctioned Schemes … Read more

DMPQ:Economic reforms of 1991 was the major landmark in Indian Economic History. Outline the reasons which forced India for economic reforms.

The  major reasons are: Rise in Prices and galloping inflation. It surged from 6.7% to near about 16% Increase in the Fiscal deficit. Increase in non -development expenditure. Adverse Balance of payment and pressure on Balance of Payment. Iran-Kuwait war led to increase in Petrol price and hence pressure on Indian Imports. Adopted approach of … Read more

DMPQ:What are the objectives of Nutrient based subsidy scheme?

Nutrient bases subsidy scheme is to ensure balanced use of fertilizers and to improve agriculture productivity. The major features of NBS are: Under the NBS Policy, a fixed amount of subsidy decided on annual basis isprovided on each grade of the subsidized Phosphatic & Potassic (P&K) fertilizersdepending upon its nutrient content.Minimum Retail Price (MRP) of … Read more

DMPQ- What are the Main issues of Education in India

Lack of infrastructure–Approximately 95.2 per cent of schools are not yet compliant with the complete set of RTE infrastructure indicators according to survey conducted in 2010.They lacks drinking water facilities, a functional common toilet, and do not have separate toilets for girls. Number of boards causes non uniformity of curriculum throughout India so maintenance of … Read more

DMPQ- How are Smart Cities selected?

Selection Process The selection process of Smart Cities is based on the idea of Competitive and Co-operative Federalism and follows a Challenge process to select cities in two stages. In January 2016, based on the All India Competition, 20 smart cities were selected in Round 1.13 more Smart Cities were selected in May 2016 in … Read more

DMPQ- List out the Economic importance of EEZ for India

The Indian peninsula juts 1,980 km into the Indian Ocean with 50% of the Indian Ocean basin lying within a 1500 km radius of India, a reality that has strategic implications. Between the Gulf of Aden and Malacca Strait, is seen as India’s sphere of influence. India is one of very few countries in the … Read more

DMPQ- What is Viability Gap Funding (VGF) and Job Loss Policy.

Viability Gap Funding (VGF): Under the Ministry of Finance ‘Scheme for Support to Public Private Partnerships in Infrastructure’ in the form of capital grant at the stage of project construction will be given as per the VGF guidelines. The total Viability Gap Funding under this scheme shall not exceed twenty percent of the total project … Read more

DMPQ- What do you mean by Current Account Deficit ?

The current account shows the records of exports and imports of both the material goods and services of a country with the rest of the world. Export and import of goods are totally different from the export and import of services. While goods are tangible and called as merchandise or visible trade, and of which … Read more

DMPQ- What are the effects of Black Money on Indian Economy?

Effect of Black Money on Indian Economy Black money is a socioeconomic evil. The existence of rapidly growing black money in our economy has grave and disastrous consequences. The major effects of black money are discussed below: Dual Economy The increase in the amount of black money in India over a period of time lead to the … Read more

JPSC Mains Test Series 2019

Subscribe our Test Series program to get access to 20 Quality mock tests for JPSC Preparation.

Click Here for Mains Test Series and Notes

Click Here for Printed Notes (With COD)

Hope we have satisfied your need for JPSC Prelims and Mains Preparation

Kindly review us to serve even better

Subscribe to JPSC Notes

Never Miss any JPSC important update!

Join 2,273 other subscribers