Notes and Study material for Exams
Economic Growth Economic growth means an increase in Real GDP. This increase in real GDP means there is an increase in the value of national output / national expenditure. Economic growth is an important macro-economic objective because it enables increased living standards and helps create new jobs. Measurement of Economic Growth Economic growth is measured … Read more
Socialism is an economic system where the ways of making Money (factories, offices, etc.) are owned by a Society as a whole, meaning the value made belongs to everyone in that society, instead of a group of private owners. People who agree with this type of system are called socialists. There are two ways socialists think that society … Read more
Problem of illiteracy in India and solutions According to the 2011 Census, any person aged seven and above and has the ability to read and write is considered literate. The Average Literacy rate in India stands at 74.04%. While Kerala has the highest literacy rate in India at 93.91%, Bihar has the least literacy rate … Read more
Energy Crisis The energy crisis is the concern that the world’s demands on the limited natural Resources that are used to power industrial Society are diminishing as the demand rises. These Natural Resources are in limited supply. While they do occur naturally, it can take hundreds of thousands of years to replenish the stores. Governments … Read more
Evolution of Indian Constitution Although the systems of ancient India do have their reflections in the Constitutions of India, the Direct Sources of the Constitution lie in the administrative and legislative developments of the British period. Regulating Act of 1773 This Act was based on the report of a committee headed by the … Read more
Illegal and unenforceable Contracts An illegal contract is a contract that was made for an illegal purpose and, consequently, violates the law. Contracts are illegal if the performance or formation of the agreement will cause the parties to engage in activity that is illegal. The illegality must relate directly to the subject matter … Read more
–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> Principles & Basis of Indian Foreign Policy India’s foreign policy is fundamentally based on the principles of peaceful co-existence, friendship and co-operation among all the countries of the world irrespective of their political systems. The foreign policy is aimed at promoting international peace … Read more
IMPACT OF NEW ECONOMIC POLICY India’s post-independence development strategy showed all the signs of stagnation, but the economy started showing the sign of recovery in the early nineties when the government adopted the new economic model known as INFRASTRUCTURE, into a modern developed economy. New Economic Policy 1991 India opened up the economy in the … Read more
Fiscal Policy is that part of Government policy which is concerned with raising revenues through Taxation and other means along with deciding on the level and pattern of expenditure it operates through budget. However, generally the expenditure exceeds the revenue income of the Government. In order to meet this situation, the Government imposes new taxes … Read more
Properties of soaps and detergents Soap – Characteristics And Uses Soaps are excellent cleansing agents and have good biodegradability. A serious drawback which reduces their general use, is the tendency for the carboxylate ion to react with Ca+ and Mg+ ions in hard water. The result is a water insoluble salt which can be deposited on … Read more