Indian Economy and Issues [IAS (Admin.) IAS Mains GS Paper 3 (Science-Tech, Economy, Environment, & Disaster Management)]: Questions 47 - 51 of 78

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Question 47

Indian Economy and Issues
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Recently, the Parliament passed amendments to the National Bank for Agriculture and Rural Development (NABARD) Act, 1981. Examine implications of these amendments for government’s push to boost the rural and agricultural sector, especially for rural entrepreneurship. (250 Words)

Explanation

Background:

  • The 1981 Act provides for the establishment of the National Bank for Agriculture and Rural Development (NABARD). NABARD is responsible for providing and regulating facilities like credit for agricultural and industrial development in the rural areas. The government seeks to amend it through the NABARD (Amendment) Bill, 2017.
  • provides for

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Question 48

Indian Economy and Issues
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What is social enterprise? A self-sustaining social enterprise has the potential to address contextual problems and provide meaningful, continuous employment. Analyse. (250 Words)

Explanation

Social Enterprise:

Social enterprises tend to operate with a purpose of creating value for the society and also generate income (if not wealth).

Potential:

  • The solutions they offer are supposed to be innovative, unique, people and environment friendly.
  • Social enterprises typically deal with people who live at the bottom of the pyramid; therefore, they

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Question 49

Indian Economy and Issues
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Recently, the Union ministry of power advised the Central Electricity Authority (CEA) to set up a committee to look into issues related to open access and brought out a consultation paper based on the committee’s findings. What do you understand by open access? Examine the merits and demerits of this policy. (250 Words)

Explanation

Introduction:

Open Access means the non-discriminatory provision for the use of transmission lines or distribution system or associated facilities with such lines or system by any licensee or consumer or a person engaged in generation in accordance with the regulations specified by the Appropriate Commission.

Salient Features of OA:

  • Commercial mechani

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Question 50

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Comment on women’s current employment scenario in India and discuss why it’s crucial to create more formal jobs to empower women. (250 Words)

Explanation

Introduction:

India has been seen decent economic growth over the last few years, but participation of women in the economy has decreased.

Women Abysmal Participation in the Economy:

  • According to the World Economic Forum’s “Global Gender Gap Report 2017”, India’s ranking has fallen by 21 places, far below the global average but also behind our neighbo

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Question 51

Indian Economy and Issues
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What is inverted duty structure (IDS)? How has IDS affected manufacturing sector in India? Examine. (250 Words)

Explanation

Background:

The globally accepted norm is that customs duty rates on final products are always equal to or higher than the rates on components or raw materials used for the manufacture of the final products. However, in India Inverted duty structure is used prominently.

Inverted Duty Structure:

An IDS means higher duty on intermediate as opposed to fi

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