DMPQ- Write short note on Monetary Policy committee.

The Monetary Policy Committee (MPC) constituted by the Central Government under Section 45ZB determines the policy interest rate required to achieve the inflation target. The Reserve Bank of India Act, 1934 (RBI Act) has been amended by the Finance Act, 2016,  to provide for a statutory and institutionalised framework for a Monetary Policy Committee, for … Read more

DMPQ- Write a short note on NIRVIK scheme?

The Nirvik scheme announced by the Union Government would give a fillip to export lending and insurance cover for export credit. The scheme aims to ease the lending process and enhance loanavailability for exporters.Under the scheme,the insurance cover guaranteed will cover up to 90% of the principaland interest. The insurance cover will include both pre … Read more

DMPQ:What are the objectives of Nutrient based subsidy scheme?

Nutrient bases subsidy scheme is to ensure balanced use of fertilizers and to improve agriculture productivity. The major features of NBS are: Under the NBS Policy, a fixed amount of subsidy decided on annual basis isprovided on each grade of the subsidized Phosphatic & Potassic (P&K) fertilizersdepending upon its nutrient content.Minimum Retail Price (MRP) of … Read more

DMPQ-Pradhan Mantri urja ganga Yojana.

It is a project to provide the clean energy in eastern part of the country. The gas pipeline will pass through 50 district in the state of Uttar Pradesh, Bihar, Jharkhand, Odisha and West Bengal. It is a two phased Project which was launched in 2016 also known as Jagdishpur-Haldia and Bokaro dharma natural gas … Read more

DMPQ- Highlight the advantages and disadvantages of Formalization of Indian Economy.

Advantages of formalization Increased tax revenues for the government due to better reporting under taxation laws Coverage of population under social protection plans, saving from financial distress during difficult times Increase workers’ welfare and the opportunities for decent jobs Reduce unfair competition between formal and informal enterprises arising from tax or regulatory arbitrage Downsides of … Read more

DMPQ- Purchasing power Parity.

The purchasing power of a currency refers to the quantity of the currency needed to purchase a given unit of a good, or common basket of goods and services.  Purchasing power is clearly determined by the relative cost of living and inflation rates in different countries. Purchasing power parity means equalising the purchasing power of … Read more

DMPQ- What do you mean by revenue budget and capital budget? Explain the components of the respective meanings also.

The Revenue Budget comprises revenue receipts and expenditure met from these revenues. The revenue receipts include both tax revenue (like income tax, excise duty) and non-tax revenue (like interest receipts, profits). Capital Budget consists of capital receipts {like borrowing, disinvestment) and long period capital expenditure (creation of assets, investment). Capital receipts are receipts of the … Read more

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