UKPSC 2023 Paper Eco

Points to Remember: Definition of Current Account Deficit (CAD) Causes of CAD Impacts of CAD on the economy (both positive and negative) Methods to manage CAD Policy recommendations for sustainable economic growth Introduction: A current account deficit (CAD) occurs when a country’s imports of goods and services, income payments, and current transfers exceed its exports … Read more What is the current account deficit? How does it affect the economy?

Points to Remember: Globalization is a multifaceted process. It encompasses economic, political, social, and cultural dimensions. It presents both opportunities and challenges. Sustainable and equitable globalization is crucial. Introduction: Globalization is a complex and multifaceted process characterized by the increasing interconnectedness and interdependence of countries through the exchange of goods, services, information, and ideas. It’s … Read more What is globalization?

Points to Remember: NITI Aayog’s evolution from the Planning Commission. Its focus on cooperative federalism and collaborative policy-making. Emphasis on achieving sustainable development goals. Role in promoting innovation and technology. Key initiatives and achievements. Introduction: NITI Aayog, the National Institution for Transforming India, is a policy think tank of the Government of India. Established on … Read more What is the prime objective of “NITI Aayog”?

Points to Remember: Uttarakhand’s mineral wealth is diverse but not extensively exploited. Environmental concerns often outweigh immediate economic gains in extraction. Sustainable mining practices are crucial for the state’s long-term development. Introduction: Uttarakhand, a state in the Indian Himalayas, is known for its scenic beauty and rich biodiversity. However, beneath its stunning landscape lies a … Read more Name three major minerals of Uttarakhand.

Points to Remember: The Human Development Index (HDI) is a summary measure of average achievement in key dimensions of human development. It comprises three core components: a long and healthy life, access to knowledge, and a decent standard of living. Each component is measured by specific indicators, and the overall HDI score reflects the combined … Read more What are the components of the Human Development Index? Explain.

Points to Remember: Three major hydroelectric projects in Uttarakhand. Project names only are required. Introduction: Uttarakhand, known as the “Devbhumi” (Land of Gods), is a state in northern India, characterized by its mountainous terrain and abundant water resources. These resources have led to the development of numerous hydroelectric power projects, crucial for the state’s energy … Read more Write the names of three major hydro-electricity projects in Uttarakhand.

Points to Remember: Identify the two Uttarakhand districts with the highest literacy rates according to the 2011 Census. State the literacy rates for those districts. Introduction: The 2011 Census of India provides a comprehensive dataset on various socio-economic indicators, including literacy rates at the district level. Literacy is a crucial factor in human development, influencing … Read more Write the names of two districts of Uttarakhand which have the highest literacy rate according to Census 2011. Also mention the rate of literacy.

Points to Remember: The Joshimath land subsidence crisis. Underlying geological factors. Human-induced factors. Immediate and long-term consequences. Mitigation and prevention strategies. Introduction: In January 2023, the town of Joshimath in Uttarakhand, India, experienced a significant land subsidence crisis, characterized by widespread cracks appearing in buildings and roads, indicating ground sinking. This event highlighted the precarious … Read more What name would you give to the recent problem (Jan 2023) that emerged in Joshimath in Uttarakhand?

Points to Remember: Definition and components of monetized deficit. Implications of monetized deficit on inflation and economic stability. Comparison with other deficit financing methods. Potential risks and benefits. Policy recommendations for managing monetized deficit. Introduction: A monetized deficit, also known as deficit monetization, occurs when a government finances its budget deficit by printing new money. … Read more What is monetised deficit?

Points to Remember: Definition and scope of microfinance. Target beneficiaries and their characteristics. Types of microfinance services. Institutions involved in microfinance. Successes and challenges of microfinance. Regulatory framework and policy implications. Introduction: Microfinance is a broad term encompassing financial services offered to low-income individuals or groups who lack access to traditional banking systems. These services … Read more What is micro-finance?