TNPSC Prelims and Mains Notes-TNPSC Test Series
INDUSTRY IN TAMIL NADU Introduction: The industrial sector is a driver of economic growth. Industrial sector is important in terms of its contribution to Gross State Domestic Product (GSDP) and employment. This sector which is vital in stimulating growth of the economy is closely interconnected with primary and tertiary sectors through its forward … Read more
Tamil Nadu Tax and Economic Reforms:- Tamil Nadu is among the few states in India to have recognised the importance of manufacturing early on.This is reflected in the higher share that the state enjoys in the overall national mix both in terms of number of factories and the total share of people employed … Read more
Railway,Roades And Ports of India Impact on The Indian economy The Indian Railways contributes to India’s economic development, accounting for about one per cent of the GNP and the backbone of freight needs of the core sector. It accounts for six per cent of the total employment in the organised sector directly and an additional … Read more
Role of Commercial Banks A Commercial bank is a type of financial institution that provides services such as accepting deposits, making business loans, and offering basic investment products There is acute shortage of capital. People lack initiative and enterprise. Means of transport are undeveloped. Industry is depressed. The commercial banks help in overcoming these obstacles and promoting … Read more
Monetary Policies Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency. Objectives of Monetary Policies are:- Accelerated growth of the economy Balancing saving and investments Exchange rate stabilization Price … Read more
Commissions/Committees & Their Purpose Arjun Sen Gupta Public Sector Enterprise Autonomy Committee Rangarajan Committee Disinvestment of PSUs & Balance of Payments. Malhotra Committee Insurance Sector & its regulation. Follow up led to setting up of IRDA. Madhukar Committee Gold exchange traded fund implementation. L.C. Gupta Committee … Read more
Four Modes of Services under GATT Mode 1 Cross border trade, which is defined as delivery of a service from the territory of one country into the territory of other country; Mode 2 Consumption abroad – this mode covers supply of a service of one country to the service consumer of any … Read more
Direct & Indirect Taxes Direct Tax Indirect Tax Corporation Tax Excise Duties Income Tax Service Tax Interest Tax Central Value Added Tax (Vat) Expenditure Tax Sales Tax Wealth Tax Property Tax Gift Tax … Read more
Components of Money Supply M1 Consists of currency with the public (ie notes & coins in circulation minus cash with the banks) plus demand deposits with the bank (deposits which can be withdrawn without notice) plus other deposits with RBI (usually negligible). Also called narrow money M2 M1 + saving … Read more
Organizations & Their Survey/Reports 1. World Economic & Social Survey U. N 2. World Investment Report UNCTAD 3. Global Competitiveness Report World Economic Forum 4. World Economic Outlook IMF 5. Business Competitive Index World Economic Forum 6. Green Index World Bank 7. Business Confidence Index NCAER 8. Poverty Ratio Planning Commission 9. Economic Survey Ministry … Read more