Economy Archives

DMPQ-Discuss the recently announced National Strategy for Additive Manufacturing policy.

. Ministry of electronics and information technology (MeitY) released the National Strategy for Additive Manufacturing policy to cater to next-generation digital manufacturing and mitigate immediate disabilities of local industries. Additive manufacturing is also known as 3D printing, refers to the construction of a three-dimensional object from a digital 3D model by adding materials layer by … Read more

DMPQ-India recently ratified Kigali Amendment to the Montreal Protocol on Substances that Deplete the Ozone Layer for phase down of Hydroflurocarbons (HFCs). Explain the significance of the decision. Also mention it’s probable impacts on India’s economy including employment generation.

The Union Cabinet, had given its approval for ratification of the Kigali Amendment to the Montreal Protocol on Substances that Deplete the Ozone Layer for phase down of Hydroflurocarbons (HFCs) by India, adopted by the Parties to the Montreal Protocol on October, 2016 at 28 th Meeting of the Parties to the Montreal Protocol held … Read more

DMPQ-Write a short note Indian government’s efforts of Poverty Estimation in India.

Poverty is a state or condition in which a person lacks the resources for a minimum standard of living. Traditionally, the term poverty refers to lacking enough resources to provide the basic necessities of life – food, clean water, shelter and clothing. But modern economists extend the term to include access to health care, education … Read more

DMPQ-What are ‘Smart Cities’? Examine their relevance for urban development in India. Will it increase rural-urban differences? Give arguments for ’Smart Villages’ in the light of PURA and RURBAN Mission.

A ‘smart city’ is an urban region that is highly advanced in terms of overall infrastructure, sustainable real estate, communications and market viability. It is a city where information technology is the principle infrastructure and the basis for providing essential services to residents. In recent times, the increasing burden on urban settlements raises concern related … Read more

DMPQ-. Explain how Reserve Bank of India conducts monetary policy?

The Reserve Bank of India (RBI) is vested with the responsibility of conducting monetary policy. This responsibility is explicitly mandated under the Reserve Bank of India Act, 1934. Recently there were many changes in the way Monetary Policy of India is formed – with the introduction of Monetary Policy Framework (MPF), Monetary Policy Committee (MPC), … Read more

dmpq-What is Unified Payment Interface (UPI) ? Mention the importance and challenges associated with UPI.

Unified Payment Interface (UPI) is recently in news. UPI is believed to revolutionize the way Indians do banking. In this post we will see what UPI is and how safe is using UPI. Unified Payment Interface (UPI) is a newly introduced platform to transfer money between any two bank accounts in India, by avoiding the … Read more

dmpq-Discuss the direct and indirect instruments of used for implementing Monetary policy.

There are several direct and indirect instruments that are used for implementing monetary policy. Repo Rate The (fixed) interest rate at which the Reserve Bank provides overnight liquidity to banks against the collateral of government and other approved securities under the liquidity adjustment facility (LAF). Reverse Repo Rate The (fixed) interest rate at which the … Read more

dmpq-. Explain how Depreciation and Appreciation of Indian Rupee effects India’s export and import .

. A devaluation means that more local currency is needed to purchase imports and exporters get more local currency when they convert the export proceeds (the foreign exchange that they get for their exports). In other words: imports become more expensive; importers lose money while exporters earn more money. This is supposed to discourage imports … Read more

dmpq-What are the Objectives of Public Debt ? Mention the reasons of India’s higher public debt and suggest way forward to make it sustainable.

Objectives of Public Debt / Borrowing Income and Revenue: The target of public debt normally is to cover the gap that developed due to mismatch between proposed expenditure and expected revenue. Whenever because of increased administrative expenditure or flood, feminine, earthquake and communicable diseases like unexpected problems, the government’s income becomes less because they … Read more

dmpq-. Discuss how Demonitsation effected money supply (M3) and Reserve Money (Mo). Also explain why currency in circulation in a liability for Government.

. When a currency note of a particular denomination ceases to be legal tender, the central bank’s liabilities are reduced to that extent and also the amount of currency in circulation declines. On November 8, 2016 Government of India made Rs. 500 and Rs. 1000 notes invalid. This meant that Rs. 15.41 lakh crore worth … Read more