DMPQ- What do you mean by revenue budget and capital budget? Explain the components of the respective meanings also.

The Revenue Budget comprises revenue receipts and expenditure met from these revenues. The revenue receipts include both tax revenue (like income tax, excise duty) and non-tax revenue (like interest receipts, profits). Capital Budget consists of capital receipts {like borrowing, disinvestment) and long period capital expenditure (creation of assets, investment). Capital receipts are receipts of the … Read more DMPQ- What do you mean by revenue budget and capital budget? Explain the components of the respective meanings also.

DMPQ: What are the characteristics of a written constitution?( Polity)

  1)     the provisions is codified into a single legal document. Provisions means the schedule, parts, articles are clearly defined in a single article. 2)     It is a enacted constitution. It has been brought into existence by a body especially designed for this. Like Constituent assembly in the case of India. 3)     Constitution … Read more DMPQ: What are the characteristics of a written constitution?( Polity)

DMPQ- What is Transfer Pricing and how does it effect loss of revenue? What are the provisions made by the government to counter Transfer Pricing?

Transfer pricing refers to the rules and methods for pricing transactions within and between enterprises under common ownership or control. Transfer pricing can be exploited for tax avoidance and tax evasion through Base erosion and profit shifting strategies. Base erosion and profit shifting refer to corporate tax planning strategies used by multinationals to “shift” profits … Read more DMPQ- What is Transfer Pricing and how does it effect loss of revenue? What are the provisions made by the government to counter Transfer Pricing?

DMPQ- What were the factors which led to the development of Trade union movement in India?

1918-1924: The early trade union phase This period marked the birth of true trade union movement in India. It was organised along the lines of unions in the industrialised world. The deteriorated living conditions caused by the first world war and the exposure with the outside world resulted in heightened class consciousness amongst the workers. … Read more DMPQ- What were the factors which led to the development of Trade union movement in India?

DMPQ: Post 1991 Indian economy saw a sudden change in outlook. To bring reforms in the financial sector GOI set up Narsimha committee. Discuss its recommendation.

It was in the wake of the Liberalisation in 1991 that it cecame imperative for the government to reform the financial sector in order to reinvigorate the economy. GOI set up committee under the guidelines of  Narsimha. Recommendation: It advised the RBI not to use CRR as a principal investment of monetary and credit control … Read more DMPQ: Post 1991 Indian economy saw a sudden change in outlook. To bring reforms in the financial sector GOI set up Narsimha committee. Discuss its recommendation.

DMPQ :What is drip irrigation? Explain the benefits of drip irrigation. ( Geography)

It is a kind of irrigation method which saves water and fertilizer by allowing water to drip slowly to the roots of the plants, either onto the soil surface or directly onto the root zones, through a network of valves, pipes , emitters etc. It is done through narrow tubes that deliver water directly to … Read more DMPQ :What is drip irrigation? Explain the benefits of drip irrigation. ( Geography)

DMPQ- What is Social Audit?

“Social auditing is defined as a systematic attempt to identify, analyse, measure (if possible), evaluate, and monitor the effect of an organisation’s operations on society (that is, specific social groups) and on the public well-being.”   Social audit as a term was used as far back as the 1950s. In a nutshell, it refers to … Read more DMPQ- What is Social Audit?

DMPQ: What is the difference between Tax evasion and Tax avoidance? What are the methods of Tax evasion?

  Tax avoidance Tax evasion Legal way of saving taxes. Illegal in a financial system Recording of income Not recording of income. Help in saving, at the same time money can be channelized for economic growth Help in saving, but since money is not accounted. Money cannot be channelized for economic growth.   Positive extrenalities … Read more DMPQ: What is the difference between Tax evasion and Tax avoidance? What are the methods of Tax evasion?

DMPQ- Throw light on the constitutional provisions which enable the mutual delegation of power between Centre and states.

The distribution of legislative powers between the Centre and the states is rigid. Consequently, the Centre cannot delegate its legislative powers to the states and a single state cannot request the Parliament to make a law on a state subject. The distribution of executive power in general follows the distribution of legislative powers. But, such … Read more DMPQ- Throw light on the constitutional provisions which enable the mutual delegation of power between Centre and states.

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