Current Affairs

GK MCQs Section

Page-59 of GS-III: Economy & Economic Development

Exports play a prominent role in India’s economic scenario. To what extent, GST can play a role of the export multiplier? Discuss.

The economy of India is the 5th largest by nominal GDP and 3rd largest by purchasing power parity. It could be considered as a developing market economy. It...

March 17, 2023

Make a critical assessment of the economic situation in current times in India. What short term and long term measures would you suggest to address the situation? Discuss.

The nature of the economy of India is still a developing market economy. It has become the world’s 5th largest economy (nominal GDP) by overtaking the United Kingdom...

March 16, 2023

Discuss the merits and demerits of the government's bank recapitalisation scheme.

One of the major growth hurdles of Indian economy has been subdued private investment. Public sector banks which have huge presence are under stress due to high NPAs,...

March 16, 2023

The idea of universal basic income does not seem pragmatic from the economic perspective; and therefore the focus should be on optimal utilization of available resources. Comment.

Universal Basic income is a model for providing all citizens of a country with a given sum of money, regardless of their income, resources or employment status. Economic...

March 14, 2023

With appropriate examples of each, explain how the fiscal and monetary stimuli help to boost a sluggish economy.

Monetary policy and fiscal policy both are very significant tools to influence a country’s economic condition. Monetary policy The monetary authority of a nation adopts the monetary policy...

March 13, 2023

"To achieve the objective of electricity for all, India not only need reliable and affordable electricity supply but also need to upgrade the health of discoms." Discuss.

Electricity for all aims at providing each and every household access to electricity. But the objective to provide electricity for all does not come from only ensuring the...

March 11, 2023

What are the major roadblocks to connect India's agri-system to the food processing industry and through it to the global value chain? Discuss.

Food processing refers to transformation of raw ingredient into food or of food into some other forms by physical or chemical means. It includes processes like canning, processing,...

March 10, 2023

Among several factors for India's potential growth, savings rate is the most effective one. Do you agree? What are the other factors available for growth potential?

The savings rate which is expressed as a percentage or ratio denotes the savings by households which causes the capital formation and is responsible for the economic development...

March 10, 2023

What are the major challenges faced by governments while making tax provisions for digital economy? Discuss the rationale and role of equalisation levy towards this.

The digitization of economy poses new challenges for taxation provisions. As the digital economy is becoming the economy itself, segregation of digital economy from rest of the economy...

March 9, 2023

Do you think airlines can be run professionally under government control just as private airlines? Examine.

In India in the early phase of commercial aviation, airlines were state-owned and profits were not the list of priorities behind the commercial operations. After the liberalization of...

March 8, 2023

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