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Recent questions and answers on General Studies
How does the Net Direct Tax collections indicate the economic growth of a country
Net direct tax collections have increased by 21.8% to ₹9.57 lakh crore. Explain how these collections reflect the overall economic growth of a nation.
RavaPreparing for Civil Services
The net direct tax collections of a country can be an important indicator of its economic growth. Here are some points explaining how these collections reflect the overall economic growth of a nation:
Higher net direct tax collections signify increased economic activity and higher profitability among individuals and businesses.
When the tax collections increase, it indicates that individuals and businesses have more income to be taxed, suggesting growth in incomes and profits.
This can be seen as a positive signal for the economy as it shows
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What is the significance of the National Turmeric Board announced by Prime Minister Narendra Modi
Prime Minister Narendra Modi recently announced the establishment of a National Turmeric Board.
RahulPreparing for Civil Services
The establishment of the National Turmeric Board by Prime Minister Narendra Modi holds significant importance for various reasons. Here are some key points:
Promotion of turmeric industry: The board aims to promote and support the turmeric industry in India, which plays a crucial role in the agricultural sector and is a major source of livelihood for farmers.
Enhancing productivity: The board will work towards increasing the productivity of turmeric crops by implementing modern farming techniques, providing training to farmers, and promoting
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How do the increase in prices of aviation turbine fuel and commercial LPG affect the economy in India
Oil firms raise aviation turbine fuel (ATF), or jet fuel and commercial LPG prices.
RahulPreparing for Civil Services
The increase in prices of aviation turbine fuel (ATF) and commercial LPG can affect the economy in India in the following ways:
Impact on transportation costs: The rise in ATF prices leads to increased fuel costs for airlines, which can result in higher ticket prices for passengers. This can potentially affect the demand for air travel, especially among price-sensitive customers.
Impact on airlines' profitability: The increase in ATF prices directly affects the operational costs of airlines, which can put pressure on their profitability. In t
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Why is Mahatma Gandhi considered the father of the nation in India
Learn about the significance of Mahatma Gandhi's role in India's fight for independence.
AyushiPreparing for Civil Services
Mahatma Gandhi is considered the father of the nation in India due to his significant role in the country's fight for independence. Here are some key reasons why he holds this title:
Gandhi's philosophy of non-violence, popularly known as "ahimsa," became a guiding principle for the freedom struggle. He believed in peaceful methods to bring about social and political change, inspiring millions of Indians to participate in the independence movement.
His leadership skills and ability to mobilize the masses played a crucial role in uniting the d
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What is the significance of the World Health Organization's approval of the R21/Matrix-M malaria vaccine
The World Health Organization (WHO) has recently approved the use of the R21/Matrix-M malaria vaccine developed by the University of Oxford and the Serum Institute of India, which incorporates Novavax's adjuvant technology.What is GST in India
1. What is GST in India?GST is known as the Goods and Services Tax. It is an indirect tax which has replaced many indirect taxes in India such as the excise duty, VAT, services tax, etc. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017 and came into effect on 1st July 2017.In other words,Goods and Service Tax (GST) is levied on the supply of goods and services. Goods and Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. GST is a single domestic indirect tax law for the entire country.Before the Goods and Services Tax could be introduced, the structure of indirect tax levy in India was as follows:
Amit2Preparing for Civil Services
1. What is GST in India?GST is known as the Goods and Services Tax. It is an indirect tax which has replaced many indirect taxes in India such as the excise duty, VAT, services tax, etc. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017 and came into effect on 1st July 2017.In other words,Goods and Service Tax (GST) is levied on the supply of goods and services. Goods and Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. GST is a single domestic i
...more
What are the implications of U.S. and Philippines annual drills in the disputed South China Sea
The U.S. and Philippines have commenced their annual drills in the South China Sea, a region marred by territorial disputes. What are the potential consequences of these joint military exercises?What is the significance of the Insolvency and Bankruptcy Board of India (IBBI) in the country's economy
Explaining the role and importance of the Insolvency and Bankruptcy Board of India (IBBI) in the context of the country's economy.
AmitPreparing for Civil Services
The Insolvency and Bankruptcy Board of India (IBBI) plays a crucial role in the Indian economy by providing a comprehensive framework for resolving insolvency and bankruptcy cases. Here are some of the key significance of IBBI in India's economy:Resolution of Insolvency Cases: IBBI was established to address the longstanding issue of inefficient and time-consuming insolvency resolution processes in India. It has introduced the Insolvency and Bankruptcy Code (IBC), which provides a time-bound and efficient mechanism for the resolution of insolve
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