Current Affairs

GK MCQs Section

GS-III: Economy & Economic Development

Underline the implications of deregulation in the mining sector for India’s economic growth and environmental sustainability.

The state of mining regulation is crucial for balancing economic growth with environmental sustainability. The question arises – Is deregulation the way forward? Current Regulatory Landscape: The mining...

June 13, 2024

Comment on the challenges and potential solutions for balancing Minimum Support Price (MSP) with fiscal constraints and WTO regulations.

The dichotomy between legally guaranteed Minimum Support Price (MSP) and fiscal constraints, alongside World Trade Organization (WTO) regulations, presents a complex challenge for the Government of India. The...

June 5, 2024

To what extent the authority of OPEC in deciding the global oil prices has eroded? What are the factors that led to this erosion? Examine.

With the discovery of alternate Oil resources in North Sea and Alaska and other places in the world during 1980; reduced the dependence of other countries on OPEC...

May 31, 2024

Critically examine the circumstances that led to Oil Crisis of 1973. To what extent similar circumstances might appear in near future? Discuss.

The collapse of Bretton Woods system was the major factor behind rise in oil prices and oil crisis of 1973.Earlier to 1973, the medium of exchange for US...

May 30, 2024

Does the Indian fiscal situation call for the establishment of a fiscal council? Evaluate its utility in addressing the freebies issue.

A fiscal council is an independent fiscal institution with a mandate to promote stable and sustainable public finances. The Institution assists in calibrating sustainable fiscal policy by making...

May 30, 2024

Examine the case for the regulatory innovation in India’s efforts towards green transition.

Climate change is inarguably one of the greatest challenges faced by the world today. India has committed to become net zero by 2070, It will require a rapid...

May 29, 2024

Explain how the PLI Scheme works. What are the advantages and challenges of the scheme?

The Production Linked Incentive (PLI) scheme Is an initiative of the government to boost the local production of domestic industries by providing them incentives. PLI Scheme: The government...

May 29, 2024

Evaluate the performance of the National Asset Reconstruction Company Limited in cleaning up legacy bad loans. What are the major impediments to its effective functioning?

The Government sponsored National Asset Reconstruction Company Limited (NARCL) was formed in 2021 to fast pace the resolution of bad loans in the banking industry. The motive was...

May 28, 2024

How big a role is the FMCG sector playing in India’s economic recovery? What are the impediments to this sector’s growth?

The Fast-Moving Consumer Goods (FMCG) sector deals with packaged goods that are consumed at regular intervals. It mainly includes household and personal care products, along with healthcare and...

May 27, 2024

India needs an Integrated Energy Policy to provide clean, safe and convenient form of energy to all sectors in an economically viable manner. Discuss Critically.

Integrated Energy Policy is a complete policy on Energy which is composed to explore alternative technologies and possible synergies that could increase the energy efficiency of a country...

May 26, 2024

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