Indian Economy and Issues [IAS (Admin.) IAS Mains GS Paper 3 (Science-Tech, Economy, Environment, & Disaster Management)]: Questions 64 - 70 of 78

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Question 64

Indian Economy and Issues
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Discuss the potential and prospects of tourism industry to revive the Indian economic growth and employment. (250 Words)

Explanation

Background:

Despite its rich and varied history, India has not been able to tap this industry effectively due to myriad of problems like general cleanliness, functional and tidy budget accommodation, food hygiene and safety of women remain major challenges.

Potential and Prospects:

  • Generating Income and Employment: Tourism in India has emerged as an i

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Question 65

Indian Economy and Issues
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Shale is OPEC’s nemesis. Discuss. Also examine how does increase in shale output in North America benefit India. (150 Words)

Explanation

Introduction:

Shale oil is an unconventional oil produced from oil shale rock fragments by pyrolysis, hydrogenation, or thermal dissolution. These processes convert the organic matter within the rock (kerogen) into synthetic oil and gas. The resulting oil can be used immediately as a fuel or upgraded to meet refinery feedstock specifications by addi

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Question 66

Indian Economy and Issues
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Examine the salient features and significance of the Consumer Protection Bill, 2018 (250 Words)

Explanation

Background:

Consumer markets for goods and services have undergone a drastic transformation since the enactment of Consumer Protection Act, 1986.

Provisions:

  • It defines the “consumer” as a person who buys any good or avails a service for a consideration.
  • The Bill covers transactions, both online and offline, and includes tele-shopping and multi-level m

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Question 67

Indian Economy and Issues
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Examine the impact of demonetisation on employment in India. (250 Words)

Explanation

Introduction:

India underwent an experience of demonetisation by stripping the legal tenders of Rs. 500 and 1000 notes in November 2016.

This has impacted every sector of country and its impact on employment can be gauged from following:

According to CMIE data, the estimated total employment during January-April 2017 was 405 million compared to 406.5

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Question 68

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The societal reach of India’s economic growth in recent decades still remains unquantified and a common measure to quantify the social progress of Indian States that can pinpoint the achievements and the challenges is still missing. Discuss the efforts made in this regard and suggest ideas to quantify societal reach of India’s economic growth. (250 Words)

Explanation

Introduction:

  • The accomplishments of modern India are recognised around the world. A country that was a symbol of hunger and poverty at the time of Independence and admonished for its Hindu rate of growth during the initial decades has now transformed itself into one of the fastest growing major economies.
  • The societal reach of this economic growth s

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Question 69

Indian Economy and Issues
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What do you understand by helicopter money? Examine how demonetisation affected helicopter money in India. (150 Words)

Explanation

Introduction:

Helicopter money is a tool of unconventional monetary policy that has been proposed as an alternative to quantitative easing (QE) when interest rates are close to zero and the economy remains weak or enters recession. It is a hypothetical, unconventional tool of monetary policy that involves printing large sums of money and distributin

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Question 70

Indian Economy and Issues
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One of the purported objectives of demonetisation was digitisation of India. Discuss critically the role of fin-tech multinationals in pushing India towards digitisation and the impact of demonetisation on making India a cashless economy. (250 Words)

Explanation

Introduction:

The stripping of legal tenders of notes of Rs. 500 and Rs. 1000 one year back paved the way for demonetization in India. Demonetization had digitalization as one of its objective.

Role of Fin-Tech Multinationals in Pushing India Towards Digitization:

  • Global financial forces are constantly looking for new avenues of profit. There is a pus

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