Current Affairs

GK MCQs Section

Page-20 of GS-III: Economy & Economic Development

Highlight the importance of port-led development for India, envisaged under the Sagarmala Project.

The importance of port-led development can be understood from the fact that 90% of total volume and 70% of total value of trade is via sea route in...

January 11, 2024

Throw some light on the types of unemployment that exists in a developing economy like India.

The unemployment refers to the situation where individuals who are willing and available for work are unable to find employment. Various Types: Open unemployment Willing to work, available...

January 10, 2024

Enumerate the issues that have plagued the railway sector in India. Mention the steps taken by government to address these issues.

Indian Railways with second largest Railway network in the world caters to highest passenger and fourth largest freight traffic in the world. Significance: Mass transport. Source of revenue...

January 9, 2024

Why the Investment led growth is not considered to be sustainable? Examine citing examples.

Model Answer: Investment-led growth model: The higher capital investment in the form of machinery and infrastructure increases the productive capacity of the economy. The higher the investment; the...

January 7, 2024

Discuss the steps taken by the government to fix the issues faced by the civil aviation sector in India.

India has third largest domestic market in Civil Aviation in the world. Significance: Among the fastest growing sector. Private players leading to cost effectiveness and large consumer base....

January 6, 2024

"It appears that the FRBM act and the rules framed for fiscal discipline was an exercise in futility". Discuss suggesting steps towards fiscal discipline with reference to FRBM Act 2003.

Model Answer: The FRBM Act 2003 envisaged at: Reducing revenue deficit; fiscal deficit; liabilities of the government; prohibiting the Union Government from guaranteeing to loans raised by PSUs...

January 5, 2024

Discuss the key elements of fiscal policy of the government.

Model Answer: All the decisions taken by government in terms of taxation, resource mobilization and expenditure comprise the Fiscal Policy. There are four key components of Fiscal Policy...

January 4, 2024

To what extent the Chapter V-B of the industrial disputes act is responsible for anomalies in the manufacturing sector in India. Discuss.

Chapter VB is the most controversial part of Industrial Disputes Act (1947). It states that an industrial establishment with more than 50 employees needs to give 90 days’...

January 4, 2024

What do you understand by Strategic petroleum Reserves? Discuss rationale and India's efforts towards building Strategic petroleum Reserves.

Currently, India depends on imports for its crude oil needs. The demand is likely to grown in the future. Any distortions in supply or price fluctuations could cost...

January 3, 2024

Critically discuss how ‘Barbell Strategy, Safety Nets & Agile Response’ helped the Government of India to deal with extreme uncertainty imposed by Covid-19 Pandemic.

The uncertainty caused on behalf of the Covid-19 pandemic had made it quite challenging for policy makers in last two years to deal with changing scenarios due to...

January 2, 2024

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