CGPCS Prelims and Mains Notes, CGPCS Test Series
Liberal entry of private sector and foreign banks. It is as a part of the reforms that today there are big private banks such as ICICI, HDFC, Axis and foreign banks such as the Citi group, HSBC, Barclays operating along with the public sector banks. Public sector were provided greater autonomy to function in a … Read more
While globalization does provide for means of betterment for economies, it has some inherent challenges which will have to be addressed: While decisive thrust on exports is required, there would be pressures for liberal imports which could create issues in the domestic sector by making imported goods cheaper threatening domestic goods. Already, the Indian market … Read more
Medium of Exchange The only alternative to using money is to go back to the barter system. However, as a system of exchange the barter system would be highly impracticable today. For example, if the baker who supplied the green-grocer with bread had to take payment in onions and carrots, he may either not like … Read more
An external commercial borrowing (ECB) is an instrument used in India to facilitate Indian companies to raise money outside the country in foreign currency. The government of India permits Indian corporates to raise money via ECB for expansion of existing capacity as well as for fresh investments. Other such external sources of finance/capital include FCCBs … Read more
A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order, it allows market participants to keep track of digital currency transactions without central recordkeeping. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded … Read more
In 2005, another expert group to review methodology for poverty estimation, chaired by Suresh Tendulkar, was constituted by the Planning Commission. The reason for formulation of committee was : Issues with the adjustment of prices for inflation, both spatially and temporally. Earlier poverty line assumed that health and education would be provided by the state … Read more
A concern about what affect genetically modified material could have on human health. For example, transgenic crops have been suggested to cause allergies in some people, although it is uncertain whether transgenic crops are the source of this reaction. Furthermore the antibiotic resistance genes placed in these crops has been suggested to cause resistance to … Read more
Gandhi had retired from Congress in 1934 and Congress under Jawahar’s leadership has acquired a taste of socialism and radicalism. Subhas was chosen unanimously in February 1938 session of Congress at Haripura to built upon that trend. In that session under the leadership of Bose, Congress passed a resolution to opposition to the impending imperialistic … Read more
Quick Revision Topic: pH scale and its day to day application Definition: pH scale is the scale developed to measure the concentration of Hydrogen ion in a solution. Here ‘p’ in pH implies ‘potenz’ in german. The pH of a neutral solution is 7. for Acidic solution pH is less than 7 and … Read more
Purna Swaraj resolution was passed by the Indian National Congress in the Lahore session of 1929. The session was presided by Pt. Jawaharlal Nehru. Purna Swaraj meant c omplete freedom from British rule. People were subsequently asked to celebrate 26th of January as ‘Independence Day’. Congress laeders and volunteers hoisted flags publicly across the country. Congress had already presented the … Read more