Category ECONOMY

ECONOMY, IASNOVA PRO 2024

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…

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IAS NOVA Editorial Team

ECONOMY, ENVIRONMENT, IASNOVA PRO 2024, PRELIMS ARTICLES, SCIENCE & TECH

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…

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IAS NOVA Editorial Team

ECONOMY, GEOGRAPHY, IASNOVA PRO 2024, PRELIMS ARTICLES, SCIENCE & TECH

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…

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IAS NOVA Editorial Team

ECONOMY, IASNOVA PRO 2022, PRELIMS ARTICLES

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…

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IAS NOVA Editorial Team

ECONOMY, INTERNATIONAL RELATIONS, PRELIMS ARTICLES, STRATEGY ARTICLES

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…

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IAS NOVA Editorial Team

ECONOMY, IASNOVA PRO 2022, PRELIMS ARTICLES, STRATEGY ARTICLES

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…

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IAS NOVA Editorial Team

ECONOMY, GEOGRAPHY, PRELIMS ARTICLES, STRATEGY ARTICLES

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…

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IAS NOVA Editorial Team

ECONOMY, PRELIMS ARTICLES, STRATEGY ARTICLES

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.…

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IAS NOVA Editorial Team

ECONOMY, PRELIMS ARTICLES, SCIENCE & TECH

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…

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IAS NOVA Editorial Team

ECONOMY, ENVIRONMENT, GEOGRAPHY, IASNOVA PRO 2022, PRELIMS ARTICLES, SCIENCE & TECH, STRATEGY ARTICLES

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…

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IAS NOVA Editorial Team

ECONOMY, IAS NOVA PRO 2020

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…

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IAS NOVA Editorial Team

ECONOMY, IAS NOVA PRO 2020

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…

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IAS NOVA Editorial Team

ECONOMY, IAS NOVA PRO 2020

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…

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IAS NOVA Editorial Team

ECONOMY, IAS NOVA PRO 2020

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…

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IAS NOVA Editorial Team

ECONOMY, IAS NOVA PRO 2020

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…

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IAS NOVA Editorial Team

ECONOMY, PRELIMS ARTICLES, SCIENCE & TECH, STRATEGY ARTICLES

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…

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IAS NOVA Editorial Team

ECONOMY, SCIENCE & TECH, STRATEGY ARTICLES

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…

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IAS NOVA Editorial Team

ECONOMY, STRATEGY 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-…

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IAS NOVA Editorial Team

ECONOMY, PRELIMS ARTICLES

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…

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IAS NOVA Editorial Team

ECONOMY, GEOGRAPHY, PRELIMS ARTICLES

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…

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IAS NOVA Editorial Team

ECONOMY, IASNOVA PRO- 2019 PRELIMS-A SUCCESS STORY !

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…

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IAS NOVA Editorial Team

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