UKPSC 2012 Paper V

Points to Remember: Purpose of WTO: Facilitate international trade and reduce trade barriers. Formation Process: Negotiations, agreements, and ratification by member states. Key Agreements: GATT (General Agreement on Tariffs and Trade) as a precursor, followed by the WTO Agreement. Dispute Settlement Mechanism: A crucial function of the WTO. Introduction: The World Trade Organization (WTO) is … Read more Why has the World Trade Organization been formed? Explain in brief the process involved in its formation.

Points to Remember: Definition and components of a Green Bonus. Uttarakhand’s ecological significance and contributions. Strengths and weaknesses of Uttarakhand’s claim for a Green Bonus. Potential economic and environmental impacts of a Green Bonus for Uttarakhand. Policy recommendations for a fair and effective Green Bonus mechanism. Introduction: The concept of a “Green Bonus” is gaining … Read more What is ‘Green Bonus’? How strong is the claim of Uttarakhand for it?

Points to Remember: SIDCUL’s establishment and objectives. Types of industries promoted by SIDCUL. Employment generation impact of SIDCUL (quantitative and qualitative aspects). Challenges faced by SIDCUL and potential improvements. Introduction: SIDCUL, or the State Industrial Development Corporation of Uttarakhand Limited, is a state-owned corporation established to promote industrial development in the state of Uttarakhand, India. … Read more What is SIDCUL? How has it generated employment opportunities in the State?

Points to Remember: Environmental concerns (deforestation, biodiversity loss, river flow disruption) Displacement and resettlement issues (loss of livelihoods, cultural heritage) Social conflicts (inter-community disputes, lack of benefit sharing) Legal and regulatory challenges (environmental clearances, land acquisition) Technical and economic viability (project costs, power generation capacity) Introduction: Uttarakhand, known as the “Devbhumi” (Land of Gods), is … Read more What are the disputes related to hydro-electric generation in the Uttarakhand State?

Points to Remember: Extinction: Focus on occupations and industries that are disappearing or have significantly diminished in rural Uttarakhand. Rural Uttarakhand: Concentrate on the rural areas, distinguishing them from urban centers. Causes: Explore the reasons behind the decline of these occupations and industries. Consequences: Analyze the social and economic impacts of this decline. Solutions: Suggest … Read more Give an account of the extincting occupation and industries of rural Uttarakhand.

Points to Remember: Mandi Committees’ regulatory functions Mandi Committees’ market infrastructure provision Mandi Committees’ role in price discovery and farmer welfare Challenges faced by Mandi Committees Reforms and future of Mandi Committees Introduction: Mandi Committees, also known as Agricultural Produce Market Committees (APMCs), play a crucial role in regulating agricultural markets in many Indian states, … Read more What is the role of Mandi Committees in the plain agriculture of the State?

Points to Remember: Definition of Industrial Sickness: A state where an industrial unit is unable to meet its financial obligations and generate profits, leading to operational inefficiencies and potential closure. Multifaceted Causes: Industrial sickness stems from a complex interplay of internal and external factors. Consequences: Job losses, reduced economic output, financial instability for creditors, and … Read more Explain the causes of industrial sickness in the Indian Economy.

Points to Remember: NABARD’s origin and mandate. NABARD’s financing mechanisms for microfinance institutions (MFIs). NABARD’s role in capacity building and regulatory oversight. Challenges faced by NABARD in promoting microfinance. Future role of NABARD in a changing microfinance landscape. Introduction: The National Bank for Agriculture and Rural Development (NABARD) plays a crucial role in India’s microfinance … Read more Examine the role of NABARD in Micro Finance.

Points to Remember: Credit creation is the process by which banks expand the money supply. It’s based on fractional reserve banking. It has both positive and negative consequences for the economy. Regulation is crucial to manage its risks. Introduction: Credit creation refers to the process by which commercial banks generate new money through lending. It’s … Read more What do you mean by credit creation?

Points to Remember: Definition of full rupee convertibility. Advantages and disadvantages of full rupee convertibility. Prerequisites for successful implementation. Potential impact on the Indian economy. Policy recommendations. Introduction: Full convertibility of the rupee refers to a system where the Indian rupee is freely convertible into any other currency at the market-determined exchange rate without any … Read more What do you understand by full convertibility of the rupee?