Notes and Study material for Exams
Concept Of Social Legislation Legislation is an instrument to control, guide and restrain the behaviour of individuals and groups living in Society. Individuals and groups left in absolute freedom may clash with each other in the pursuit of their self interest at the cost of others.They cause grave harm to society leading to chaos. Legislation … Read more
Issues of finance, ownership, operation and maintenance of all kinds of Foreign Direct Investment under automatic route in the construction development sector. High capital intensity, low operating cost, higher gestation period, near absent risk mitigation measures, difficulties in getting Environment clearance, inability to generate direct adequate income streams to selffinance are some of … Read more
Understanding the Revenue Deficit: A Deep Dive into Fiscal Imbalances The concept of a revenue deficit is a crucial element in understanding a nation’s fiscal health. It signifies a fundamental imbalance between the government’s income and its expenditure, highlighting potential vulnerabilities and the need for corrective measures. This article delves into the intricacies of revenue … Read more
The Circular Flow of Income: A Vital Engine of Economic Activity The economy is a complex system, with countless transactions happening every second. To understand how this system functions, economists use models to simplify and visualize the relationships between different economic actors. One such model is the Circular Flow of Income, a fundamental concept that … Read more
JPSC PRELIMS BOOKLIST Polity– 1.LAXMIKANTH,TMH PUBLICATIONS 2.NCERT CLASS XI 3.JHARKHAND PART AT LUCENT 4.JHARKHAND Panchayati Raj ACT-DOWNLOAD FROM NET AND READ THE CLAUSES HISTORY- 1.ANCIENT INDIA-OLD OR NEW NCERT 2.Medieval India -OLD NCERT ONLY 3.MODERN-OLD NCERT AND RAJIV AHIR ,SPECTRUM 4.JHARKHAND HISTORY-LUCENT JHARKHAND(SPECIAL FOCUS ON REVOLTS AND EFFECTS OF THE REVOLTS) ECONOMICS- 1.MRUNAL … Read more
ADMINISTERED PRICES INCLUDING MSP AND PROCUREMENT PRICES Historical context The emergence of agricultural Price Policy in India was in the backdrop of Food scarcity and price fluctuations provoked by drought, floods and international prices for exports and imports. This policy in general was directed towards ensuring reasonable food prices for consumers by providing food grains … Read more
Unpacking Poverty: A Multidimensional Look at Deprivation with the MPI Poverty, a multifaceted and complex issue, has long been measured primarily through income. However, this approach overlooks the myriad dimensions of deprivation that contribute to a person’s well-being. The Multidimensional Poverty Index (MPI), developed by the Oxford Poverty and Human Development Initiative (OPHI), offers a … Read more
Deficit Financing: A Double-Edged Sword of Economic Policy Deficit financing, a term that often evokes both hope and trepidation, refers to the practice of governments spending more than they collect in revenue, thus creating a budget deficit. This seemingly simple concept carries profound implications for a nation’s economic health, impacting everything from inflation and interest … Read more
Historical context The emergence of agricultural Price Policy in India was in the backdrop of Food scarcity and price fluctuations provoked by drought, floods and international prices for exports and imports. This policy in general was directed towards ensuring reasonable food prices for consumers by providing food grains through Public Distribution System (PDS) and … Read more