Q1) Analysing various issues associated with farm subsidies, suggest ways to rationalise the same. (150 Words/10 Marks) ANS An agricultural subsidy is government’s incentive paid to farmers to ensure sustainable development of agriculture as well as prosperity of the farmers. Agriculture subsidy serves following purposes: Agricultural subsidies can enable sustainable farming, crop diversification etc. E.g.,…
Q1) The Green Revolution, with its focus on land productivity, created a crisis for water productivity, leading to the situation of water stress in farming. In this perspective, suggest measures to make agriculture sustainable and future-ready. (150 Words/10 Marks) While land productivity tells us about crop produced from unit area of agricultural land, water productivity…
Q1) Assess the present computational methodology for Gross Domestic Product (GDP) in measuring economic activity in India. Do you think GDP is a good measure of development of a country? (250 Words/15 Marks) Gross Domestic Product (GDP) is the final value of goods and services produced within the domestic territory of an economy in a…
Q1) Critically evaluate the performance of Goods and Services Tax (GST) as a much-talked about measure for fiscal reform. (250 Words/15 Marks) GST is an umbrella, multistage, destination based indirect tax, which subsumed taxes like central excise, service tax, additional duties of excise & customs, VAT etc. The GST was launched at midnight on 1…
Q1) Limiting the country’s fiscal deficit is a cherished goal, but the progress towards it is full of hurdles. In this perspective, evaluate the effectiveness of India’s fiscal consolidation framework. Also examine the role of a fiscal council in enforcing fiscal discipline. (250 Words/15 Marks) The fiscal deficit is defined as the difference between total…
Q1) Domestic demand has been the north star of India’s economic growth; however, the target of achieving a five trillion USD economy requires holistic growth across various parameters. Comment. (250 Words/15 Marks) The potential growth of a country is a combination of various economic factors such as domestic demand, investments, government spending, exports etc. The…
Q1) Even though e-commerce sector is decentralizing global business environment, its potential is marred by several factors. Discuss and analyze the role of Open Network Digital Commerce (ONDC) in effectively countering these factors. (250 Words/15 Marks) Digital or electronic commerce can be defined as the process of buying or selling products online with limited human…
Q1) Highlighting the importance of green growth, discuss various measures to promote the same. (150 Words/10 Marks) Green growth refers to the trajectory of economic growth which is environmentally sustainable. Green growth holds immense importance for environment and planet as can be seen from: 1. Green growth will help to industrialise without carbonising. It will…
Q1) Though vital of its own accord, economic growth is but a brick in the edifice of inclusive growth. Comment. (150 Words/10 Marks) Inclusive growth, as per OECD, is the economic growth that is evenly distributed across all sections and regions. It creates opportunities for all, livelihood for the marginalized sections and access to basic…
Q1) Bilateralism has helped India in building robust ties with the countries of West Asia, but strategic approach is the key to overcome the challenges in cooperation and collaboration. (250 Words/ 15 Marks) ANS India and West Asia share long civilizational links and convergence of interest on issues of global ramifications. India’s has enhanced engagement…
