Explain the contribution of revenue tax to the GSDP of Madhya Pradesh between the years 2019-20 and 2022-23.

Points to Remember: Revenue tax contribution to Gross State Domestic Product (GSDP) of Madhya Pradesh (MP). Data analysis for the period 2019-20 to 2022-23. Identification of trends and factors influencing contribution. Balanced perspective considering both positive and negative aspects. Introduction: The Gross State Domestic Product (GSDP) represents the total monetary value of all goods and … Read more

How is the “Mukhyamantri Ladli Bahana Yojana” helping in the direction of women empowerment and economic self-reliance in Madhya Pradesh?

Points to Remember: Target Beneficiaries: Adolescent girls from economically weaker sections. Financial Assistance: Conditional cash transfers linked to specific milestones. Empowerment Aspects: Education, health, and financial independence. Economic Self-reliance: Skill development and entrepreneurship opportunities (indirectly). Challenges: Implementation gaps, potential for misuse, and long-term impact assessment needed. Introduction: The Mukhyamantri Ladli Bahana Yojana (MLBY) is a … Read more

What is the Multi-Dimensional Poverty Index? Explain its dimensions and indicators.

Points to Remember: The Multidimensional Poverty Index (MPI) measures poverty beyond income. It considers multiple deprivations across health, education, and living standards. The MPI provides a nuanced understanding of poverty’s complexity. Data collection and interpretation are crucial for effective MPI use. Introduction: The Multidimensional Poverty Index (MPI) is a composite index that measures acute poverty … Read more

Write about the important activities of the Madhya Pradesh Trade Promotion Council.

Points to Remember: Madhya Pradesh Trade Promotion Council (MPTPC) activities focus on boosting trade and investment in Madhya Pradesh. Key activities include export promotion, investor attraction, and skill development. MPTPC collaborates with government agencies, industry bodies, and international organizations. Success depends on effective implementation and adaptability to changing market conditions. Introduction: The Madhya Pradesh Trade … Read more

What schemes have been adopted for the development of MSMEs in Madhya Pradesh?

Points to Remember: Government schemes focusing on financial assistance, skill development, and infrastructure development for MSMEs in Madhya Pradesh. Impact assessment of these schemes, including successes and challenges. Suggestions for improvement and future directions. Introduction: Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the Indian economy, contributing significantly to employment generation, GDP growth, … Read more

Write the main functions of NABARD.

Points to Remember: NABARD’s role in rural credit. NABARD’s developmental functions. NABARD’s regulatory functions. NABARD’s refinance and development support. Introduction: The National Bank for Agriculture and Rural Development (NABARD) is a development financial institution in India, established on 12 July 1982. It was set up under the recommendations of the Shivaraman Committee to improve the … Read more

What is meant by revenue deficit and effective revenue deficit?

Points to Remember: Revenue Deficit: Difference between revenue receipts and revenue expenditure. Effective Revenue Deficit: Revenue deficit minus grants for creation of capital assets. Fiscal implications: Persistent revenue deficits lead to borrowing, increasing debt burden. Economic consequences: Crowding out private investment, inflation, reduced economic growth. Policy solutions: Improving tax collection, rationalizing subsidies, enhancing revenue generation. … Read more

What is a histogram?

Points to Remember: A histogram is a graphical representation of data distribution. It uses bars to represent the frequency of data within specified ranges or intervals. Histograms are useful for visualizing the shape of a data set and identifying patterns. They are distinct from bar charts, though visually similar. Introduction: A histogram is a powerful … Read more

What is a bivariate frequency table?

Points to Remember: Definition and purpose of a bivariate frequency table. How to construct a bivariate frequency table. Interpretation of a bivariate frequency table. Limitations of a bivariate frequency table. Applications of bivariate frequency tables. Introduction: A bivariate frequency table is a statistical tool used to summarize the relationship between two categorical variables. Unlike a … Read more

Explain the Purchasing Manager Index (PMI).

Points to Remember: PMI is a leading indicator of economic health. It reflects the prevailing direction of economic trends. It’s based on a survey of purchasing managers in various sectors. Readings above 50 indicate expansion, while below 50 indicates contraction. Introduction: The Purchasing Managers’ Index (PMI) is a widely followed economic indicator that provides insights … Read more