ECONOMICS

    100 MCQs on Economic Survey – 2018 for UPSC Civil Services Preliminary Exam – 2018 By Team Insights   These questions are meant to help you do last minute revision of the Economic Survey – 2018. Take up these questions as revision exercise to cover economic survey in more meaningful way.  We have […]

      . PRELIMS BOOSTERS 2018 Red Panda  and Indian Ocean Rim Association (IORA)   Chinakara   Least concerned – IUCN It is the smallest asiatic antelope Basically a shy and demure animaland stays away from human habitation Behaviour:  Chinkaras are shy and avoid human habitation. They can go without water for long periods and can […]

    . SUMMARY OF ECONOMIC SURVEY – 2018   We have tried to give a summary of Economic Survey 2018 in the document (below). Hope it will help as revision document for both prelims and mains – 2018. Click the image below to download the document (Gist of Economic Survey – 2018)

Insights IAS ECONOMY Revision Module for UPS Civil Services Preliminary Exam -2018   As promised, we are posting Economy Revision module for UPS Civil Services Preliminary Exam -2018. This module has only 59 pages (not 1000s of pages) packed with very very important information relevant for prelims – 2018. As posted earlier, this module should be […]

ECONOMICS OPTIONAL STRATEGY Tejasvi Rana Rank 12 (Economics Marks – 325, CSE-2016), Download Her Economics Optional Notes and Related Documents   Economics Optional Paper1 My score jumped form 89 in 2015 to 173 in 2016. I think greater clarity of models that comes with re-readings facilitated this jump. Apart from that, I did not shy […]

                           Intellectual Property Rights and India   Introduction Various International Treaties Various subject matters of Intellectual Property in India Copyrights Patents Trademarks Designs Geographical Indications Plant Varieties Superconductor Chips and Integrated Circuits Traditional Knowledge Biological Diversity Indo-US IPR problem Conclusion     Modern world’s economic order which runs on capitalistic line has power to […]

                                                      Subsidies in India Table of contents Introduction Subsidies: are they solution to a problem or are they themselves a problem? Subsidies and its opportunity costs Some subsidies led distortion in India Direct Benefit Transfers as solution JAM Trinity – Jan Dhan Yojna, Adhaar and Mobile base Conclusion Subsidies are one of the quintessential attributes […]

 Note: This is an experimental initiative where we will be posting One Issue every Week – which will be comprehensive in its coverage.                India and WTO – Detailed Analysis of All Related Issues and Concepts Table of Contents Introduction Why WTO replaced GATT? Uruguay round and outcomes Principles of trading […]

ECONOMICS-2015: Daily Answer Writing Challenge – 34 Archives How is warranted growth different from natural rate of growth? Explain why Harrod’s growth model is called knife-edge’. How does Solow incorporate investment in education in the growth model to achieve long-run growth ? What are the objectives of National Environment Policy, 2006 ?    

ECONOMICS-2015: Daily Answer Writing Challenge – 33 Archives Compare Human Development Index (HDI) with Human Poverty Index (HPI) as a measure of development. How is the Human Poverty Index different from the Happy Planet Index ? Why do energy elasticities tend to unity in industrially advanced countries? What are the negative externalities of high energy […]

ECONOMICS-2015: Daily Answer Writing Challenge – 32 Archives State five reasons that support government intervention in agricultural markets. What do the following terms signify in structural transformation and growth ? (i) Kuznets’ U-shaped curve (ii) Environmental Kuznets curve (iii) N-shaped Kuznets curve in the long-run 3. How can the structural independence between A-sector and K-sector […]

ECONOMICS-2015: Daily Answer Writing Challenge – 31 Archives Balanced growth strategy of development in terms of pattern of investment has to be in conformity not only with derived demands but final demands as well.” Argue whether this statement is about avoiding bottlenecks for certain sectors and excess capacities in others or promoting import substitution. Our […]

ECONOMICS-2015: Daily Answer Writing Challenge – 30 Archives Point out the critical elements in typical PPP agreements in infrastructure projects to safeguard the interests of the public. Explain the Lewis model of structural change from an agricultural economy to a modern industrial economy. State three major criticisms of the Lewis model. Explain the Harrod Domar […]

ECONOMICS-2015: Daily Answer Writing Challenge – 29 Archives Distinguish between Currency Board Arrangement and dollarization. Why would a nation adopt one or the other? Can Kuznets’ hypothesis of inverted-U shaped curve be extended to environmental degradation? Explain Expand on the following three explanations for the Kuznets hypothesis about inequality and development –     i) […]

ECONOMICS-2015: Daily Answer Writing Challenge – 28 Archives How is subsidy better than tariff to achieve domestic objectives? “For most developing nations fighting persistent balance of payments crisis and inflationary crisis, monetary contraction is a better option.” Do you agree? Why are trading blocs formed ? Explain the welfare impact of such trading blocks for […]

ECONOMICS-2015: Daily Answer Writing Challenge – 27 Archives How does the policy mix of fiscal and monetary policies maintain equilibrium in balance Of payments and full employment? In the contemporary world of perfect capital mobility and fixed exchange rates, why is the monetary policy ineffective to maintain equilibrium? What are India’s gains under WTO regime […]

ECONOMICS-2015: Daily Answer Writing Challenge – 26 Archives How do the small trading nations share the gains from trade which occur as a consequence of gains from exchange and gains from specialisation ? (2011 – 20 marks) If all assumptions hold true, how does trade between nations tend to bring about equalisation of factor prices […]

ECONOMICS-2015: Daily Answer Writing Challenge – 25 Archives Distinguish between single and double factor terms of trade. Explain how far terms of trade of a developing economy would change with technological advancement and economic growth. (2014 – 20 marks) “Apart from bringing capital into a country, MNCs provide many other advantages that cannot be obtained […]

ECONOMICS-2015: Daily Answer Writing Challenge – 24 Archives Explain the conditions under which complete specialisation will be possible for two nations in case of comparative advantage. Suppose productivity per unit of labour for two antions, India and UK, is given as under:   India                UK Wheat (kg/manhour)               06                    03 Cloth (yard/manhour)             04                    02 Will mutually […]

ECONOMICS-2015: Daily Answer Writing Challenge – 22 Archives What is an offer curve? Draw two offer curves such that the offer curve of the home country has a section reflecting inelastic import demand and the foreign country’s offer curve is elastic throughout. Indicate in the diagram which portion of the home country’s offer curve is […]