CGPSC MAINS 2016 Paper-5

Explain Repo-rate and Reverse Repo-rate.

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Points to Remember: Repo rate and reverse repo rate are crucial monetary policy tools used by central banks. They influence short-term interest rates and liquidity in the banking system. Understanding their impact is vital for comprehending monetary policy’s effect on the economy. Introduction: Repo rate and reverse repo rate are two key instruments employed by … Read more

Explain the meaning of ‘structural unemployment’.

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Points to Remember: Join Our Telegram Channel Definition of structural unemployment. Causes of structural unemployment. Consequences of structural unemployment. Policy solutions to address structural unemployment. Distinction from other types of unemployment. Introduction: Unemployment, the state of being without a job while actively seeking employment, manifests in various forms. One significant type is structural unemployment. It’s … Read more

What are the objectives of the establishment of “Niti Aayog”?

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Points to Remember: NITI Aayog’s role in fostering cooperative federalism. Its focus on achieving Sustainable Development Goals (SDGs). The emphasis on evidence-based policymaking. The shift from a centrally planned economy to a more collaborative approach. Introduction: NITI Aayog (National Institution for Transforming India), established on January 1, 2015, replaced the Planning Commission of India. The … Read more

What is meant by inclusive growth?

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Points to Remember: Inclusive growth benefits all segments of society. It requires addressing inequalities in income, opportunity, and access to resources. Measurement of inclusive growth is complex and multifaceted. Policies promoting inclusive growth require a holistic approach. Introduction: Subscribe on YouTube Inclusive growth is an economic development paradigm that emphasizes broad-based prosperity and well-being, ensuring … Read more

What do you mean by National Income?

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Points to Remember: National Income is a measure of a country’s overall economic output. It can be calculated using different approaches (income, expenditure, output). Different measures of national income exist (GDP, GNP, NNP, etc.). National income data is crucial for economic policymaking. Introduction: Subscribe on YouTube National Income refers to the total monetary value of … Read more

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