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UPSC PREVIOUS YEAR's  ECONOMICS QUESTIONS- Part-2 Q.3 Discuss the steps taken by the government in recent years to control inflation. (10 marks, 150 words) Ans: Inflation occurs when an economy grows due to increased spending . When this happens, prices rise and the currency within the economy is worth less than it was before leading to weakening of its exchange rate . Controlling inflation has always been a priority area for the government. According to the Economic Survey 2018-19 , the economy witnessed a gradual transition from a period of high and variable inflation to more stable and low level of inflation . "The government has taken a number of measures to control inflation specially food inflation," as per the survey. The measures, inter alia, taken include both general measures and specific measures. Regular monitoring of inflation , issuing advisories to states against hoarding and black marketing , holding regular review meetings on prices and

UPSC PREVIOUS YEAR's  ECONOMICS QUESTIONS- Part-1 Q.1 It is being suggested that the commercial banks in India should reduce their holdings of non-performing assets. Does it mean that the former should abandon social priorities? (250 words, 15 marks) Ans: Banks play a very useful and dynamic role in the economic life of every modern state. The two basic functions of commercial banks are: mobilization of the savings of the people and disbursement of credit according to socio-economic priorities , thus accelerating the pace of economic development in the desired direction.   But a major threat to banking sector is prevalence of Non-Performing Assets (NPAs). All those assets which do not generate periodical income are called as “ Non-Performing Assets (NPA) ” or “ bad loans ” If the customers do not repay principal amount and interest for a certain period of time then such loans become Non-Performing Assets (NPA). In the last five financial years and governance failures

Organic Farming- Sikkim Case Study-Gs-3 In 2003,  Sikkim  officially adopted a resolution to switch to  organic farming . The state decided to go  organic , to ensure long-term sustenance of soil fertility, protection of environment and ecology. The objective was also to promote healthy living and decreasing the risk of disease . India’s first organic state Sikkim  has won the  ‘Oscar for best policies’  conferred by the  Food and Agriculture Organisation (FAO)  for the world’s best policies promoting  agro-ecological and sustainable food systems.   The ‘Future Policy Award’ received by the  Chief Minister of Sikkim Pawan Kumar Chamling  in Rome on 15 Oct 2018 recognised the state’s leadership and political will to lead by example. The award was co-organized by  FAO, World Future Council and IFOAM- Organics International. FOOD AND AGRICULTURE   ORGANISATION (FAO) It is a specialized agency of the  United Nations,  serving both developed and developing

UPSC CIVIL SERVICES MAINS EXAM - 2019 GENERAL STUDIES PAPER – 3 Instructions ·          Total Marks: 250 marks, Time duration: 3 hours. ·          There are 20 questions printed both in ENGLISH and HINDI. ·          All questions are compulsory. ·          The number of marks carried by a question/part is printed against it. ·          Answers must be written in the medium authorized in the admission certificate which must be stated clearly on the cover of this question-cum-answer (QCA) booklet in the space provided. ·          No marks will be given for answers written in the medium other than authorized one. ·          Answers to questions no. 1 to 10 should be in 150 words, whereas answers to questions no. 11 to 20 should be in 250 words. ·          Keep the word limit indicated in the questions in mind. ·          Any page or portion of the page left blank, must be struck off clearly. 1. Enumerate the indirect taxes which have been subsumed in the