Tnpsc and Upsc Notes Pdf
Minimum Support Price (MSP) It is a pre-announced price, where the farmers are paid for their crops. It is set by the Government of India to procure crops directly from the farmers. It is not enforceable by law. MSP rate is only to safeguard the farmer to get at least minimum profit for their harvest. … Read more
What is buffer stock? It is a stock of foodgrains such as wheat, rice, etc. These are procured by the government of India by the Food Corporation of India (FCI). The FCI procures the foodgrains from the farmer in states where there is surplus production and at the preannounced price which is called Minimum Support … Read more
Food Security in India is still a major issue in India. India attained food self-sufficiency by the late 1980s. It means the availability, accessibility, and affordability of eatable commodities to all people at all times. Whenever there is a problem in food production or distribution of food, the poor people are the most vulnerable. Food … Read more
Green revolution in India The green revolution in India is a period when agriculture in India was converted into an industrial system by adapting to modern technology and techniques. The Father of the green revolution in India is MS Swaminathan. Green revolution definition in economics The green revolution is defined as using various techniques such … Read more
What is the meaning of inflation? In Layman’s terms, Inflation means price rise. What is inflation in economics? As general prices rise, the purchasing power of consumers decreases. The measure of inflation over time is referred to as the rate of inflation or the inflation rate. Inflation is the decline of purchasing power of a … Read more
Types of stock exchange in India Bombay stock exchange (BSE) National stock exchange (NSE) Calcutta Stock Exchange (CSE) India International Exchange (India INX) Metropolitan Stock Exchange (MSE) NSE IFSC Ltd (NSE International Exchange) Stock Exchange in India According to the Securities Contracts (Regulation) Act 1956, a stock exchange means any body of individuals, whether incorporated … Read more
SDR SDR Full form is Special Drawing Rights. It is an international reserve asset, which is created by the IMF in 1969 to supplement its member country’s official reserves. By now $204.2 billion have been allocated to its members. This includes $182.6 billion allocated in 2009 during the global financial crisis. The value of SDR … Read more
Foreign exchange reserves of India Consider a person going to London from India for vacation. She needs tourist services in London. For getting services in London, she will have to pay in Pounds. As Pounds is the official currency in London. For getting pounds, the Indian tourist has to know where to get pounds (GBP) … Read more
Inflation targeting in India Inflation targeting in India is the current inflation target band (4% +/-2%) is appropriate for the next 5 years. It is a monetary policy where the Reserve Bank (Central Bank of any country) follows an explicit target for the inflation rate for the medium term. It announces this inflation target to … Read more
John Rawls Theory of Justice John Rawls is one of the finest political philosophers of the 20th century. He developed the theory of Justice based on the paradigm called Justice as Fairness. His framework treats all personal attributes as being morally arbitrary, He demands equality. For him, equality means, ‘all social values including liberty, opportunity, … Read more