RAS RAS RAJASTHAN PUBLIC SERVICE COMMISSIONPCS 2014 Pre Exam Archives - Page 51 of 53

Ancient History

Indus Valley Civilization

Discovered in 1921
Belonged to the bronze age
An area of about 1.3 mn sq km
Existed between 3300-1600 BC in three phases: early, mature and

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late phases
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services sector

Probable questions:

What is the contribution of services sector to India’s economy?
Do you think India is over-tertiarised?

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Public Economics

Public Economics

Study of economic efficiency, distribution and government economic policy.

Developed out of the original political economy of JS Mill and

David Ricardo. It is a very important branch of economics because of the foundation it provides for practical policy analysis.

POVERTY

Following elements mainly affect the magnitude of the poverty ration
- The nutrition norm in the base year
- Price deflator used to update the poverty line
- Pro rata adjustment in the number of households in different expenditure classes to determine the number of households below and
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  above poverty line.
Agricultural wage earners, small and marginal farmers and casual workers engaged in non-agricultural activities constitute the bulk of the rural poor

Planning in India

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Subsidies or Cash Transfers?

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Economy Notes

Contents

India under the British Rule. 2

Inflation in India. 6

Monetary Policy of India. 6

Money Market. 13

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CPI

The Central Statistics Office (CSO) of the Ministry of Statistics & Programme Implementation announced that the new series of Consumer Price Index(CPI) numbers for Rural, Urban and Combined (Rural +Urban) on base

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2010 ( January to December)=100 taking all segments of rural and urban population for the month of January, 2011 will be released by the Central Statistics Office for the States/UTs and all- India on 18th February, 2011.These indices will be available for five major groups namely Food, beverages and tobacco; Fuel and light; Housing; Clothing, bedding and footwear, and Miscellaneous.

Micro, Small and Medium enterprises

Importance of micro, small and medium enterprises

Apart from playing a significant role in meeting national objectives of balanced growth, poverty alleviation and equity promotion, serve as nurseries for corporate
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enterprises of future.

Land reforms

In rural India, land is the single most important productive asset owned by the people

Why are land reforms

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needed?