MSP, Swaminathan Commission, Shanta Committee- UPSC Exam
Definition and Purpose of MSP: Minimum Support Price (MSP) is a guaranteed price paid to farmers by the government for their produce. It is based on the Commission for Agricultural Costs and Prices (CACP) recommendations, considering production costs, demand-supply, market trends, and other factors. MSP aims to provide fair prices to farmers and encourage crop […]
Green Steel and CABM- Prelims 2024
In News recently: Europe’s green steel mandate rocks Indian steel exports Green Steel Green steel refers to steel produced using environmentally friendly processes, with a major focus on reducing carbon dioxide emissions associated with traditional steelmaking. Definition: Green steel is produced using methods that significantly reduce or eliminate the carbon footprint of steel manufacturing. […]
Critical Minerals- UPSC 2024 Prelims
Why is this topic important for UPSC Prelims 2024? Because it has been in news many times recently and UPSC has been asking questions on critical minerals in UPSC prelims exams for last few years. The Ministry of Mines, Government of India recently unveiled the first-ever report on “Critical Minerals for India” prepared by an expert […]
EFFECTS OF INFLATION- In Short
1.On creditors and Debtors -Increase in inflation-Lenders suffer, borrowers benefit -Decrease in inflation-Vice-versa 2.On lending -Lending institutions suffer with higher lending when inflation increases. -Decrease in “real cost of borrowing” = Inflation rate 3.On Aggregate Demand -Increase in inflation suggests rising aggregate demand, lower supply and higher purchasing capacity. 4.On Investment -Inflation increase boosts investment( […]
WTO COMPLETE GLOSSARY of Important Terms- Every Year 1 -2 Questions in Prelims
Most important ones based on trends are with Red colour heading, others with Green heading. Subsidies This refers to any direct or indirect payments made, or revenues foregone (e.g. tax exemptions), by governments as a result of laws or measures requiring such actions in order to support the production, manufacture, or trade of goods and […]
UPSC’s FOCUS ON ECONOMIC TERMS IN NEWSPAPERS- THE LIST OF SUCH TERMS
‘Asset Turnover Ratio’ Asset turnover ratio is the ratio between the value of a company’s sales or revenues and the value of its assets. It is an indicator of the efficiency with which a company is deploying its assets to produce the revenue. Thus, asset turnover ratio can be a determinant of a company’s performance. […]
UNCONVENTIONAL SOURCES OF ENERGY- Most Probable List
SOURCE- UCSUSA.ORG Shale gas Unlike conventional gas, which resides in highly porous and permeable reservoirs and can be easily tapped by standard vertical wells, shale gas remains trapped in its original source rock, the organic-rich shale that formed from the sedimentary deposition of mud, silt, clay, and organic matter on the floors of shallow seas. […]
IPR, Copyrights, Patents, Geographical Indications, Trade Marks ,Compulsory Licesning, Section 3 (D) etc-All you need to Know.
Intellectual Property Rights in India Intellectual Property Rights are legal rights governing the use of creations of the human mind. The recognition and protection of these rights is of recent origin. Patents, designs and trademarks are considered as industrial property. As per International Convention for the protection of industrial (Paris Convention) the protection of industrial […]
PRELIMS FOCUS ON DIGITAL PAYMENTS-ALL YOU NEED TO KNOW
What is Digital Payment? Digital payment is a way of payment which is made through digital modes. In digital payments, payer and payee both use digital modes to send and receive money. It is also called electronic payment. No hard cash is involved in digital payments. All the transactions in digital payments are completed online. […]
AGRICULTURAL TECHNOLOGIES
Sustainable Sugarcane Initiative(SSI) (Already asked in Prelims 2013) Sustainable Sugarcane Initiative is an innovative method of sugarcane production using less seeds, less water and optimum utilization of fertilizers and land to achieve more yields. The major principles that govern SSI :- Raising nursery in portrays using single budded chips Transplanting young seedlings (25-35 days old) […]
ATMANIRBHAR BHARAT – PART 5
ATMANIRBHAR BHARAT ABHIYAN / SELF – RELIANT INDIA MOVEMENT- PART 5 Download Link of Details of Atmanirbhar Bharat- Part 5 AtmaNirbharBharat-Part5 Next part of article deals ONLY with those Topics and Explanation of Terms from the above PDF file which are important for Prelims Exam 2020 . ( One does not need to memorize whole […]
Atmanirbhar Bharat- Part 4
Download Link of Details of AtmaNirbhar Bharat- Part 4 AtmaNirbharBharat-Part4 Next part of article deals ONLY with those Topics and Explanation of Terms from the above PDF file which are important for Prelims Exam 2020 . ( One does not need to memorize whole PDF File,only relevant points,but one must go through the whole document […]
ATMANIRBHAR BHARAT – PART 3
Download Link of Details of Atmanirbhar Bharat- Part 3 AtmaNirbharBharat-Part3 Article deals ONLY with those Topics and Explanation of Terms from the above PDF file which are important for Prelims Exam 2020 . ( One does not need to memorize whole PDF File,only relevant points,but one must go through the whole document properly) (Accessible only […]
ATMANIRBHAR BHARAT – PART 2
Download Link of Details of Atmanirbhar Bharat- Part 2 AtmaNirbharBharat-Part2 Article deals ONLY with those Topics and Explanation of Terms from the above PDF file which are important for Prelims Exam 2020 . ( One does not need to memorize whole PDF File,only relevant points,but one must go through the whole document properly) (Accessible only […]
ATMANIRBHAR BHARAT-PART 1
Five pillars of Atmanirbhar Bharat – Economy, Infrastructure, System , Vibrant Demography and Demand. Special economic and comprehensive package of Rs 20 lakh crores – equivalent to 10% of India’s GDP. Download Link for Details of Atmanirbhar Bharat Abhiyaan- Part 1 AtmaNirbharBharat-Part1 Next part of article deals ONLY with those Topics and Explanation of Terms […]
Types of Cryptocurrency – Recent Focus on Cryptocurrencies in Prelims
Just go through the names Digital currency is designed to work as a medium of exchange. There are many different types of cryptocurrency, but these six are among some of the more well-known currencies. 1. Bitcoin (BTC) One of the most commonly known currencies, Bitcoin is considered an original cryptocurrency. It was created in 2009 […]
FSSAI, Fortified Food & Related Guidelines- Prelims Probable
FSSAI In order to monitor the laws relating to food, the Government of India enforced the Food Safety and Standards Act, 2006 . The Food Safety and Standards Authority of India (hereinafter referred to as “FSSAI”) is the authority for regulating food laws in India. FSSAI is responsible for laying down science-based standards for articles […]
Revision Strategy for ECONOMICS- NCERT & Other Important Topics
Before listing all the important chapters, it’s important to note that all the boxes in NCERT books should be done properly. They are less time consuming and have high rate of return. NCERT 12th – INTRODUCTORY MACROECONOMICS Most Important Chapters- National Income Accounting Money and Banking Money and Banking are the most important chapters in […]
Banking -Why it is The Most Important Topic in Economics for Prelims ?
IASNOVA’s analysis found out that in Economy, Banking topic is one area which has the highest rate of return. Most of the questions from Economy are related to Banking, at least 3 questions every year. Our analysis is based on the past 8 years Prelims Question papers. But, to save time of aspirants ,we are […]
GEOGRAPHICAL INDICATIONS- PRELIMS SPECIAL
Almost every year there are 1 to 2 questions related to Geographical Indications,so students need to do this topic properly. Examples- Prelims 2018 Q- India enacted The Geographical Indications of Goods (Registration and Protection) Act, 1999 in order to comply with the obligations to ILO IMF UNCTAD WTO Answer- WTO Q- Consider the following pairs […]
MOST FAVOURED NATION(MFN)- Probable Topic for Prelims 2019
Recently UPSC has been asking terms related to economic international bodies ,and MFN being in news recently because of India’s withdrawal of MFN status to Pakistan, it gains special significance. All you need to know about MFN for answering questions in Prelims- What Is the Most-Favoured Nation Clause? The Most Favoured Nation clause is the […]