Current Affairs

GK MCQs Section

Page-22 of GS-III: Economy & Economic Development

Hydrogen-based energy production can play a key role in a clean, secure, and affordable energy future. In this context, identify the potential and opportunities for utilizing hydrogen-based technologies. What are the challenges that need to be addressed to fulfill the potential?

Hydrogen-based energy production makes use of hydrogen fuel cells by electrochemical reactions to generate heat & energy. Potential and opportunities for utilizing Hydrogen energy: Source of clean energy...

December 26, 2023

How land banks can encourage land use efficiency and create economic growth? Discuss in light of increasing prominence of land banks in India. Also, examine the concerns associated with it.

Land banks refer to ready-to-use land parcels with pre-clearances & regulatory approvals. DIPAM (Department of Investment and Public Asset Management) recently finalized proposals for a land bank company...

December 25, 2023

There is an increasing demand for global minimum tax, across the world. Discuss the significance, prospects, and challenges for India.

Recently, the Organisation for Economic Cooperation and Development (OECD) announced that 136 countries (including India) have agreed to the Global Minimum Tax (GMT), which is to be paid...

December 24, 2023

India’s policy of price intervention in the agricultural sector has done more harm than benefit. It has created a skewed agricultural market and complicated matters related to international trade rules. Critically discuss.

The agricultural sector provides employment to nearly 45% population and is crucial to India’s food security. Thus, numerous price interventions exist to support the sector: Direct Benefit Transfer...

December 24, 2023

Power Discoms are plagued by several problems and privatization is often regarded as a solution to the existing problems. Critically examine.

Electricity is the engine of our economic growth. Basically there are three types of companies associated with electricity infrastructure. Gencos – Power generation companies. E.g. NTPC, NHPC, Reliance...

December 23, 2023

A barrier-free trade of the agriculture produce is essential in doubling farmer’s incomes. The farm laws that are taken back were a right step to tackle the bottlenecks. Critically analyze.

While India has 18 percent of the world’s population, it has only 2.4 % of world’s area, only a fraction of which is available for agriculture. Thus, there...

December 23, 2023

Special Economic Zones (SEZs) have a great potential for economic growth, however, they have achieved limited success in India. Mention the factors responsible and also suggest some steps to address the problem.

Special Economic Zones are industrial clusters, based on the cluster-based development model of China. They were set up under SEZ act of 2005. However, their contribution to exports,...

December 21, 2023

India has a very high potential for startups, however, there has been limited success because of various challenges. Discuss.

There is no common definition for startups in India, however, the Income Tax Act defines startups as those companies, that are registered for less than 10 years and...

December 21, 2023

To achieve the goal of $5 trillion economy, it is imperative to put primary focus on private investments. Discuss. Also, highlight the steps taken by government to boost private investments.

The GDP of any country is dependent on four engines of growth, viz, consumption, government expenditure, private investment, and trade. As per classical economics theories, the savings in...

December 21, 2023

Smart Agriculture can be a game-changer for the stressed agriculture sector in India. Elaborate.

Smart agriculture is the use of ICT & next gen appliances to aid in improvement of yield & quality of the crop produced. Advantages: Drones can be used...

December 20, 2023

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