Current Affairs

GK MCQs Section

Page-40 of GS-III: Economy & Economic Development

What do you understand by Voluntary Provident Fund (VPF) and Unrecognized Employee Provident Funds (EPF)? Discuss.

Voluntary Provident Fund Voluntary Provident Fund refers to the voluntary contribution that an employee makes towards his Provident Fund Account over and above the mandatory 12% of his...

August 9, 2023

What do you understand by the so called trade distorting subsidies? What is India's stance on such subsidies? Discuss while highlighting India's recent activities in WTO regarding these.

Trade distorting subsidies as per World Trade Organisation are those subsidies given by state that distort the trade severely. For instance agricultural subsidies in the form of Minimum...

August 8, 2023

Why India needs to bring structural changes in its energy sector? How to address challenges to bring those changes?

As India is emerging as the fastest growing economy of the world, the energy security is of immense importance. Hence, bringing a structural change in the sector becomes...

August 8, 2023

Why India needs to focus on planning to address the structural deficiencies of Indian economy?

India’s commitment towards development through planning had begun to diminish much before the Planning Commission was formally dismantled in 2014. The diminishing intent towards planning was after the LPG...

August 8, 2023

"Total elimination of poverty require more than charity."Discuss in the light of fiscal requirements around recently adopted Sustainable Development Goals.

Hunger and poverty have been a great challenge to overcome for India over the decades. Sustainable Development Goals mainly focus on sustainable agriculture; sustainable economic development; sustainable energy...

August 6, 2023

Why is that despite numerous benefits, the organic farming is not a priority in India? Discuss the issues and challenges.

Organic farming focus on sustainability, it is an agriculture system without the use of synthetically fertilizers, pesticides, growth regulators etc. Organic farming can not only improve soil fertility...

August 5, 2023

What are the ecological and economical challenges faced by Indian agriculture today? Discuss critically.

The major environment challenges faced by Indian agriculture include how to conserve our basic agricultural assets such as land, water, and biodiversity and how to make agriculture sustainable....

August 4, 2023

Explain the implications of rupee falling / rising against dollar on India's (1) Exports (2) Imports (3) Domestic Trade.

India has adopted floating exchange rate system since 1975. In this system market forces determine the value of a currency. Therefore currency fluctuations are natural outcome of the...

August 3, 2023

What are potential, opportunities and challenges for Floriculture in India?

Floriculture refers to the cultivation and management of ornamental, especially flowering plants. Potential of Floriculture in India: Floriculture has the great potential to develop and flourish in India...

August 2, 2023

"A large part of Nobel Laureate Angus Deaton's work is related to India."Examine his contribution to Indian economic policy making.

Angus Deaton is a British born economist. He earned his Ph.D. in economics from Cambridge University and later he moved to the USA. Mr. Deaton is known for...

August 1, 2023

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