Current Affairs

GK MCQs Section

Page-10 of GS-III: Economy & Economic Development

The e-commerce has grown at an exponential rate in fast few years in India, along with that the need for a comprehensive policy on e-commerce has also grown to safeguard India’s interests globally. Discuss.

E-commerce is defined as virtual selling-buying of goods via electronic medium without physical initiation between seller and buyer. Issues and need for e-commerce policy: Smoothen out taxation glitches...

March 24, 2024

Highlight the hurdles faced by agricultural extension services in India. Also, explain how Krishi Vigyan Kendras (KVKs) can help to strengthen National Agricultural Research Extension System.

Agricultural extension is the process of providing informal advice to the farmers so that they can improve their income by changing farming methods, cropping pattern and input usage...

March 24, 2024

Distinguish between 'economic development' and 'economic growth'. What are the factors which determine economic development?

Differences between Economic Growth and Economic Development Economic growth is a narrow concept (It studies only increase in real per capita income) while economic development is a broad...

March 23, 2024

What are the main characteristics of a developing economy? To what extent are they found in Indian Economy?

Hint: The main characteristics of a developing economy are: Low per Capita Income; Slow Growth Rate of Per Capita Income; Economic Inequalities; Low Level of Living; Low Rate...

March 23, 2024

A well-developed food processing industry will not only help in achieving the food security goal, but will also promote inclusive growth. Discuss. Also, highlight the competitive advantage that India posses in this sector.

Food processing industry provides a significant possibility to achieve the twin goals of inclusive growth and food security. Significance: Enables crop diversification and improved revenue for farmers. Increases...

March 23, 2024

Discuss the efforts towards economic planning in India during the Pre-independence Period.

Model Answer: Idea of planned economy was first crystallized in 1930s when our national leaders came under the influence of socialist philosophy. India’s Five year plans were very...

March 22, 2024

The chronic under-investment in Indian Railways has not only impacted its operation but also created hurdles in speedy creation of infrastructure. Examine the challenges and steps taken by the government in this regard.

Indian Railways is a lifeline of the nation. It provides affordable transport to poor passengers and carries 40% of freight traffic. Challenges in infrastructure creation: Lack of budgetary...

March 21, 2024

An overhaul of Agro-R&D is imperative for fulfilling of India’s obligations of doubling farmer’s income. Comment.

The Agriculture sector requires robust R&D to improve livelihoods, by raising yields and quality. Therefore, there is a need for the following measures: Liberalising salary structures and promotion...

March 20, 2024

Outline the Direct & Indirect Tax Reforms in India in recent times.

Model Answer: The tax reforms in India began with the Chelliah Committee recommendations and later on, government appointed the Vijay Kelkar Committee in 2002 which further provided direction...

March 19, 2024

Livestock farming is crucial for increasing farmer’s income. However, it contributes to climate change and is also affected by it. Elaborate the statement and discuss some measures that can be taken to make livestock farming more sustainable as well as climate resilient.

Livestock farming is practiced by 60% of the rural population. It acts as a secondary source of income for farmers. It is one of the major contributors of...

March 19, 2024

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