MPPSC MAINS 2015 Paper-III

Points to Remember: Recent trends in Madhya Pradesh’s capital market. Growth and challenges. Role of government policies. Future outlook and recommendations. Introduction: Madhya Pradesh (MP), a large and diverse state in central India, has witnessed significant changes in its capital market landscape in recent years. While the state’s economy is predominantly agrarian, its capital market … Read more

Points to Remember: Definition and characteristics of black money. Methods used to generate and conceal black money. Economic and social consequences of black money. Recent government initiatives to curb black money in India. Effectiveness and limitations of these initiatives. Suggestions for future action. Introduction: Black money refers to illegally obtained money that is not declared … Read more

Points to Remember: National Skill Development Policy (NSDP): Aims, objectives, and key features. Madhya Pradesh Context: Specific needs and challenges related to skill development. Implementation Challenges: Obstacles to effective NSDP implementation in MP. Suggested Measures: Specific, actionable steps for successful implementation in MP. Holistic Approach: Emphasis on integrating skill development with overall development goals. Introduction: … Read more

Points to Remember: Madhya Pradesh’s economy and its dependence on agriculture. Contribution of agriculture to GDP, employment, and rural livelihoods. Challenges faced by the agricultural sector in MP. The concept of direct agricultural subsidies and their intended benefits. Drawbacks of direct subsidies, including inefficiency, leakages, and environmental concerns. Alternative approaches to supporting agriculture. Introduction: Madhya … Read more

Points to Remember: Definition and characteristics of inclusive growth. Mechanisms through which inclusive growth reduces poverty. Evidence of inclusive growth’s impact on poverty reduction (both successes and limitations). Challenges and obstacles to achieving inclusive growth. Policy recommendations for promoting inclusive growth and poverty reduction. Introduction: Inclusive growth is an economic development strategy that aims to … Read more

Points to Remember: Definition of Liberalization and Privatization. Key features of the New Industrial Policy of 1991 (NIP 1991). Impact of NIP 1991 on liberalization and privatization in India. Positive and negative aspects of the policy. Suggestions for improvement and future direction. Introduction: The Indian economy, characterized by a socialist-oriented approach before 1991, underwent a … Read more

Points to Remember: Definition of free trade and protectionist trade. Key differences between the two approaches. Advantages and disadvantages of each approach. Examples of countries employing each approach (historically and currently). Introduction: International trade, the exchange of goods and services across national borders, can be approached in two fundamentally different ways: free trade and protectionist … Read more

Points to Remember: SEBI’s regulatory powers over the securities market. SEBI’s role in protecting investor interests. SEBI’s mechanisms for market regulation and enforcement. SEBI’s contribution to the development of the Indian securities market. Introduction: The Securities and Exchange Board of India (SEBI) is the regulatory body for the securities market in India. Established in 1988 … Read more

Points to Remember: Causes of Economic Backwardness: Historical factors, geographical limitations, lack of infrastructure, inadequate human capital, governance issues, and unequal distribution of resources. Regional Imbalances: Uneven development across states, disparities in income, infrastructure, and access to opportunities. Solutions: Investment in infrastructure, education and skill development, promoting entrepreneurship, inclusive governance, targeted interventions for backward regions, … Read more

Points to Remember: Public finance’s role in resource allocation. Its impact on income distribution. Its influence on macroeconomic stability. The challenges and limitations of public finance. The importance of efficient and transparent public financial management. Introduction: Public finance, encompassing government revenue generation and expenditure, plays a crucial role in a nation’s economic development. It’s the … Read more