Current Affairs

GK MCQs Section

Page-58 of GS-III: Economy & Economic Development

Petroleum refineries are not necessarily located nearer to crude oil producing areas, particularly in many developing countries. Explain its implications.

Petroleum occurs naturally beneath the Earth’s surface. It is later refined into various types of fuels. The fractional distillation process separates the components of petroleum. The crude oil...

March 25, 2023

How electronic national agriculture market(e-NAM) is different from existing agricultural marketing? What are the pre-requisites for states to implement e-NAM?

Electronic national agriculture market(e-NAM) is a trading portal to create a unified national market for agricultural commodities. A single window service is provided by integrating the existing Agriculture...

March 24, 2023

Can the economic growth due to credit based consumption without the increase in investment be sustainable? Discuss keeping India in focus.

Consumption led growth is when the consumption increases, which leads to higher demand in the economy while Investment led growth is when private investment is increased, it leads...

March 23, 2023

Poverty alleviation programmes in India remain mere showpieces until and unless they are backed up by political will. Discuss with reference to the performance of the major poverty alleviation programmes in India.

The poverty alleviation program was started in India from the era of Indira Gandhi. The “Garibi Hatao Desh Bachao” plan was formulated during the fifth five-year plan. India...

March 23, 2023

The alarming level of stressed assets / bad loans needs urgent measures for speedy resolution. Towards this, it is argued that the recently passed Banking Regulation (Amendment) Act, 2017 is too little and too late. Discuss while analyzing the necessity and objectives of this act.

The recently passed act provides wide range of powers to the Reserve Bank of India for dealing with the NPA (Non Performing Assets) in the banking system.  The...

March 22, 2023

Multiple regulatory structures can hinder the growth of entrepreneurship culture. Critically analyze in the context of Companies Rules 2017. What could be the ramifications of such moves on the economy ?

In order to reap the advantage of demographic dividend, India needs to create more formal sector jobs which has been slow, between 1989 to 2010 of all the...

March 21, 2023

Critically discuss the structural changes that have taken place in India's economy since dawn of new millennium.

The key structural changes that have taken place in the Indian economy since 2000 are as follows: Decreasing the share of agriculture sector to national income In 2000-2001,...

March 18, 2023

India is ranked 60th among 130 nations in Global innovation Index. What steps do you think should be taken to improve the innovation ecosystem in India? Discuss.

India’s improvement in Global Innovation Index ranking for past two years shows that Indian economy is transitioning to Innovation economy. Though in 2017, it has ranked much ahead...

March 18, 2023

What do you understand by peer-to-peer (P2P) lending? How it can promote the alternative forms of finance? Discuss in the light of recent RBI's regulation stance on P2P lending.

Peer-to-peer lending, also known as social lending, is a mechanism that enables people to borrow and lend money without an official financial institution. Since such lending removes official...

March 17, 2023

What were the intended objectives of the Real Estate Investment Trusts launched in 2014? Have they been able to achieve those objectives? Discuss reviewing their progress so far and various concerns around them.

Indian real estate sector a lot of challenges. One of the major issues is rising property prices despite large inventories and low demand. The real estate companies are...

March 17, 2023

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