Month: May 2024
PUBLIC FINANCE
Public Finance Public finance is the study of the role of the government in the economy. It is the branch of economics which assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones. It includes the study of … Read more
TAX REFORMS IN INDIA
Tax Reforms in India Sience 1990 ie the Chief Justice of India The Supreme Court of India is the highest court in India. It has: (a) One Chief Justice and 25 other judges (b) One Chief Justice and 30 other judges (c) One Chief Justice and 35 other judges (d) One Chief Justice and 40 … Read more
BUDGETING
Budgeting Budgeting is the process of estimating the availability of Resources and then allocating them to various activities of an organization according to a pre-determined priority. In most cases, approval of a budget also means the approval to various spending units to utilize the allocated resources. Budgeting plays a criucial role in the socio-Economic Development … Read more
Drain Theory
Dadabhai Naoroji: ‘POVERTY in India’ (1876) He claimed that the drain of wealth and capital from the country which started after 1757 was responsible for absence of development in India. Drain was done through trade, Industry and finance Two Elements of the drain That arising from the Remittances by European officials of their Savings, … Read more
Industrial Transition in India
The process of industrial transition divided into: industrial Growth during the 19th century and industrial progress during the 20th century Industrial growth during the 19th century Decline of indigenous industries and the rise of large scale modern industries 1850-55: first Cotton mill, first jute mill and the first coal mine established. Railway also introduced. … Read more
India under the British Rule
The economic consequences of the British rule can be studied under three heads: Decline of Indian Handicrafts and progressive ruralisation of the Indian economy Growth of the new land system and the commercialisation of Indian agriculture Process of industrial transition of India Decline of Handicrafts While India was an exporter of Handicrafts before the … Read more
PIPES & CISTERN
Pipes and Cistern Inlet: A pipe connected with a tank or a cistern or a reservoir, that fills it, is known as an inlet. Outlet: A pipe connected with a tank or cistern or reservoir, emptying it, is known as an outlet. If a pipe can fill a tank in xhours, then: … Read more
SQUARE ROOT & CUBE ROOTS
Square Root & Cube Root Step 1: First of all group the number in pairs of 2 starting from the right. Step 2: To get the ten’s place digit, Find the nearest square (equivalent or greater than or less than) to the first grouped pair from left and put the square root of the square. … Read more
SURDS
Surds A surd is a square root which cannot be reduced to a rational number. For example, is not a surd. However is a surd. If you use a calculator, you will see that and we will need to round the answer correct to a few decimal places. This makes it less accurate. If it is left as , then the … Read more