The distinction between plan and non-plan expenditure in budget had created schools without teachers and hospitals without doctors. In the light of this statement, discuss major issues pertaining to plan and non-plan distinction. Approach Introduce with the abolition of the plan and non-plan classification Highlight the major issues like focus on plan expenditure, excessive union control etc. Conclude appropriately Model Answer : The Union budget … Continue reading The distinction between plan and non-plan expenditure in budget had created schools without teachers and hospitals without doctors. In the light of this statement, discuss major issues pertaining to plan and non-plan distinction. Approach
Discuss the advantages and risks of crypto-currencies like the Bitcoin. Approach Introduce with the concept of cryptocurrency Discuss its advantages Highlight the risks Conclude with the government’s position that they have been outlawed Cryptocurrency is an electronic or digital currency that works on a peer-to-peer basis without the need for a trusted third party such as a governmental agency, bank etc. Cryptocurrencies have gotten impressive … Continue reading Discuss the advantages and risks of crypto-currencies like the Bitcoin.
Q15. The summation of the value of final goods and services produced in each sector of an economy during a particular year is: A. Net Domestic Product B. Gross National Product C. National Income D. Gross Domestic Product Answer: D Exp: The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that … Continue reading Quiz- Q15. The summation of the value of final goods and services produced in each sector of an economy during a particular year is:
Effects of Globalization on Indian Culture Globalisation has affected what we eat and the way we prepare food (Mcdonaldization), what we wear , purchase etc( Walmartization). There is trend toward homogenization of culture with similar food habits, dressing pattern, music, news , TV programs, movies etc. However, there is also increasing tendency toward Glocalization of Culture. Glocalization refers to mixing of Global with Local. Eg … Continue reading Effects of Globalization on Indian Culture and Society
Effects of Globalization on Indian Economy 1. Liberalization– main features of liberalization policy were:- (i) General reduction in role of state in economic governance. (ii) Withdrawal by state from many economic sectors and its replacement by the private sectors. (iii) Decline in the public sector spending in basic and key industries like banking, insurance and other PSUs. (iv) Decline in the state’s role in provision … Continue reading Effects of Globalization on Indian Economy
FASTag is a device that employs Radio Frequency Identification (RFID) technology for making toll payments directly from the prepaid or savings account linked to it. It is affixed on the windscreen of the vehicle and enables to drive through toll plazas, without stopping for cash transactions. The tag can be purchased from Tag issuers and if it is linked to the prepaid account, then recharge/ … Continue reading FASTags:
Swiss challenge method is a process of giving contracts. Any person with credentials can submit a development proposal to the government. That proposal will be made online and a second person can give suggestions to improve and beat that proposal. It is a method where third parties make offers (challenges) for a project within a designated period to avoid exaggerated project costs. Swiss model: The … Continue reading What is ‘Swiss challenge’ approach?