Indian Economy and Issues-Development and Employment [IAS (Admin.) IAS Mains GS Paper 3 (Science-Tech, Economy, Environment, & Disaster Management)]: Questions 18 - 21 of 21

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Question 18

Development and Employment
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Essay▾

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 19

Development and Employment
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Describe in Detail

Essay▾

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 20

Development and Employment
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Why is it important for India to create more salaried jobs? How it can create such jobs? Discuss. (250 Words)

Explanation

Background:

The unemployment rate in 2015 - 16 was 5 % of the labour force, up from 4.9 % in 2013 - 14. Around 12 million people enter the Indian labour market every year and India is undergoing a phase of jobless growth. This makes it necessary for India to focus on job creation.

Why is It Important to Create More Salaried Jobs?

  • India needs to create…

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Question 21

Development and Employment
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Describe in Detail

Essay▾

Increasing the household savings rate and nudging savers to park their surpluses in financial assets have always been high on the agenda of Indian Finance Ministers however with little success. Suggest ideas to encourage citizens to park their money in financial assets. (250 Words)

Explanation

Background:

  • In India, both investment and consumption are largely driven by households. Household consumption accounted for 59.4 % of the GDP in 2016, according to the World Bank.
  • Total savings, which are vital for investment, amounted to 32.5 % of the GDP, of which household savings alone contributed 23.6 % to the GDP, according to NITI Aayog.

Why Pe…

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