MPPSC MAINS 2016 Paper-III

Points to Remember: Definition and characteristics of industrial sickness Causes of industrial sickness Consequences of industrial sickness Measures to tackle industrial sickness Role of government and financial institutions Introduction: Industrial sickness, a significant economic and social problem, refers to the state of an industrial undertaking that is unable to meet its financial obligations and maintain … Read more

Points to Remember: Definition and characteristics of Public-Private Partnerships (PPPs). Advantages and disadvantages of PPPs. Different models of PPPs. Examples of successful and unsuccessful PPPs. Key considerations for successful PPP implementation. Introduction: Public-Private Partnerships (PPPs) are collaborative arrangements between government entities and private sector companies to finance, design, construct, operate, and maintain public infrastructure or … Read more

Points to Remember: Poverty is a multidimensional phenomenon. Indicators must capture various aspects of deprivation. Data collection methods significantly impact accuracy. Context matters – indicators vary across regions and countries. Introduction: Poverty, a state of deprivation characterized by a lack of access to basic needs and opportunities, is a complex global challenge. Defining and measuring … Read more

Points to Remember: NITI Aayog’s primary objective is to foster cooperative federalism. It aims to achieve sustainable development goals. It acts as a think tank and policy advisor to the government. It focuses on inclusive growth and development. Introduction: NITI Aayog (National Institution for Transforming India), established on January 1, 2015, replaced the Planning Commission … Read more

Points to Remember: Globalization is a multifaceted process. It encompasses economic, political, social, and cultural dimensions. It presents both opportunities and challenges. Sustainable and equitable globalization is crucial. Introduction: Globalization refers to the increasing interconnectedness and interdependence of countries through the exchange of goods, services, information, and ideas. It’s a complex process driven by technological … Read more

Points to Remember: National Income Accounting measures a nation’s economic performance. Key measures include GDP, GNP, NNP, and Disposable Income. Different approaches exist for calculating national income (expenditure, income, and value-added). Challenges include the informal economy, accurate data collection, and valuing non-market activities. Introduction: National Income Accounting is a system of measuring the overall economic … Read more

Points to Remember: Sustainable economic development balances economic growth with environmental protection and social equity. It considers the needs of present generations without compromising the ability of future generations to meet their own needs. Key aspects include resource efficiency, technological innovation, and inclusive growth. Introduction: Sustainable economic development is a multifaceted concept encompassing economic growth, … Read more

Points to Remember: Poverty intrigue refers to the complex and multifaceted nature of poverty, encompassing its causes, consequences, and the challenges in eradicating it. It highlights the hidden aspects and systemic issues that perpetuate poverty. Understanding poverty intrigue requires a multi-disciplinary approach, considering economic, social, political, and environmental factors. Introduction: Poverty, a state of lacking … Read more

Points to Remember: Rural economy is distinct from urban economy. It’s characterized by primary sector dominance. It faces unique challenges and opportunities. Sustainable development is crucial for rural economies. Government policies play a vital role in shaping rural economies. Introduction: The term “rural economy” refers to the economic activities and systems operating within rural areas. … Read more

Points to Remember: Definition and functions of the money market. Instruments traded in the money market. Participants in the money market. Differences between money market and capital market. Importance and role of the money market in the economy. Introduction: The money market is a segment of the financial market where short-term debt instruments are traded. … Read more