UKPSC 2016 Paper V

Points to Remember: Credit control is a crucial aspect of financial management. Its objectives aim to minimize risk and maximize profitability. Effective credit control requires a balance between extending credit to stimulate sales and minimizing bad debts. Introduction: Credit control refers to the policies and procedures a business implements to manage its accounts receivable – … Read more Define ‘Credit Control’. Write any four objectives of Credit Control.

Points to Remember: UREDA’s mandate: Promotion and development of renewable energy in Uttarakhand. Key activities: Policy formulation, project development, capacity building. Challenges: Geographical constraints, financial limitations, grid integration issues. Successes: Increased renewable energy capacity, policy advancements. Introduction: Uttarakhand, a state known for its Himalayan terrain and rich biodiversity, is also striving to become a leader … Read more Discuss briefly the Uttarakhand Renewable Energy Development Agency (UREDA).

Points to Remember: The World Bank Group is not a single institution but a group of five international organizations. Each institution within the group has a distinct focus and mandate. Understanding the roles of each institution is crucial to understanding the World Bank Group’s overall impact. Introduction: The World Bank Group is a family of … Read more Which institutions are included in the ‘World Bank Group’?

Points to Remember: The title “Father of Indian Planning” is associated with a specific individual’s significant contribution to the economic planning process in India. The selection of this individual involves considering their role in shaping India’s post-independence economic strategy. The attribution might be debated, as multiple individuals contributed to the process. Introduction: The designation “Father … Read more Who is known as the ‘Father of Indian Planning’?

Points to Remember: Fiscal Deficit reflects the overall borrowing needs of the government. Revenue Deficit indicates the government’s inability to fund its regular operations from its revenue receipts. Both deficits have implications for economic stability and future growth. Introduction: Fiscal deficit and revenue deficit are crucial indicators of a government’s financial health. They represent different … Read more Distinguish between Fiscal Deficit and Revenue Deficit.

Points to Remember: Definition of indirect tax. Key characteristics of indirect taxes. Examples of indirect taxes. Advantages and disadvantages of indirect taxes. Impact on the economy and different segments of society. Introduction: Indirect taxes are taxes levied on the sale or production of goods and services, rather than directly on income or profits. Unlike direct … Read more What is Indirect Tax? Give examples also.

Points to Remember: Main tax sources of Uttarakhand state government. Identification of the highest revenue-generating tax. Analysis of the tax structure and its implications. Introduction: Uttarakhand, a state in northern India, relies on a diverse range of tax sources to fund its public services and development initiatives. Understanding the state’s tax revenue structure is crucial … Read more What are the main tax sources of the state of Uttarakhand? Which tax gives the highest revenue?

Points to Remember: Definition and characteristics of soft currencies. Factors influencing a currency’s strength/weakness. Economic consequences of using a soft currency. Examples of soft currencies and their implications. Strategies for mitigating risks associated with soft currencies. Introduction: The term “soft currency” refers to a currency that is considered less stable and less in demand compared … Read more What is ‘Soft Currency’?

Points to Remember: Key differences between BOT and BOOT models lie in the ownership and operational responsibilities. Both models are Public-Private Partnerships (PPPs) aiming to leverage private sector efficiency in public infrastructure projects. Risk allocation differs significantly between the two models. Introduction: Public-Private Partnerships (PPPs) are collaborative arrangements between government entities and private sector companies … Read more Distinguish between B.O.T. and B.B.O. models of public and private partnerships.

Points to Remember: Major forest products of Uttarakhand. Industries utilizing these products. Economic impact and employment generation. Environmental sustainability concerns. Government policies and regulations. Introduction: Uttarakhand, known as the “Devbhumi” (Land of Gods), boasts a rich biodiversity and extensive forest cover, comprising approximately 65% of its geographical area. This vast forest resource forms the backbone … Read more What are the forest-based industries of Uttarakhand?