Which of the following can reduce the deficit in Balance of Payments?1. Reducing import custom duties2. Restrictive monetary policy3. Appreciation of domestic currencySelect the correct answer using the code given belowA. 3 onlyB. 2 and 3 onlyC. 1 and 2 onlyD. Nonehow will appreciation of currency impact balance of payment?will it increase the deficit? because then imports will become cheaper.
When currency is appreciated, exports are impacted negatively and imports positively. But, since India is an import dependent economy, the overall effect would be on the positive side, thus, improving the balance of payments.
Likewise, for any economy which is import dependent, appreciation of its domestic currency would improve BoP. Thus, answer should be A.
In Laxmikant, in the chapter Election Commission(6th edition page- 42.4):
It is mentioned that " They hold the office for a term of 6 years or until they attain the age of 65 years, whichever is earlier".
Also, under the flaws it is mentioned:
"The Constitution has not specified the term of members of the Election Commission".
Both the statements look contradictory to me, could please someone clarify what I am missing.
Term is not mentioned in the Constitution. It is mentioned in one of the statutes - Election Commission Act, 1991, if I am right.
Under which Act do people of Puducherry have voting rights in France and are allowed to carry a French passport?? Not possible for Indian citizens.
A treaty giving back the French colony of Pondicherry to India was signed in August 1962. According to the treaty, people living in Pudu were given a six-month period to claim French citizenship.
So, they are like any other foreigners living in India?
@sankalpr91 Centre can legislate on things mentioned in the State List under certain conditions: the imposition of National Emergency, President's Rule, resolution of Rajya Sabha, to fulfill international treaty conditions, or if the the states make such a request. It can also legislate for things under the Concurrent List which the state govt. is obligated to execute. If the state govts. don't, I believe it can be grounds for implementing President's Rule under Article 365.
What I meant was giving directions i.e. executive directions. I know that recommendations can be given, but will they count as executive directions?
In Laxmikanth, a specific set of issues have been mentioned for which such directions can be given like for Railways, Communications, etc.
I encountered a question in an MCQ of some institute, where giving directions on Agriculture topic was treated as a wrong statement. But, I was not convinced.
What is the impact of inflation on export and import?
From what I think,
inflation ->prices increases ->prices of raw material, labour incr ->final cost of product incr ->product becomes less favourable in global market ->export decreases ->but import incr.
Am I right or wrong?
Below mentioned snapshot is from Ramesh Singh's book. It says export and imports both increases. Please correct me - what is right?
Both explanations are correct. During inflation, domestic currency can get weakened and this would impact exports positively. But, this impact would be short-term only.
If inflation stays for long-term, then due to increased cost of the final product, the exports will eventually decrease. Also, in this case, imports will increase as the cost of the same basket of products may get cheaper on importing, rather manufacturing domestically. This is a disaster for any economy!
I have a doubt regarding the Waman Rao case and Coelho case.
What i understand is -
Waman Rao case 1981 reiterated that thebasic structure doctrinewould be applicable for the laws made post April 23rd 1973 (Kesavanand bharti case) This would mean basic structure doctrine is applicable only for post April 23rd 1973 amendments and not for the ones made before this date.
And Coelho case 2007 says - anything put under 9th schedule post April 23,1973 would beunder Judicial review.
Is this interpretation correct?
Also - If the laws put under schedule 9 are anyways subject to judicial review then what is the point of putting them in that schedule in the first place.
Your interpretation is correct. No Amendment can change the basic structure of the Constitution.
In that sense, there is no point of putting a law under Schedule 9. But, this is only an opinion. SC has never mentioned any such thing about Schedule 9.
IMO, SC will make a statement that Schedule 9 has lost its significance in modern times, in some or the other judgment soon. In fact, the Tamil Nadu reservation case is still pending in SC
@sankalpr91 ponder over ths-speaker decision under 10th schedule s open 2 judicial review.So should speaker stop deciding itself??Anyway "its open 2",not evry amendment in practice judiciary wud luk in.Hope u get it.
I think you are comparing Schedule 9 with Schedule 10.
Schedule 9 is a special case wherein laws were thought to be immune from any judicial review. But, now they are not. And this significantly downplays the very meaning of Schedule 9.
The only meaning that remains are the archaic laws enacted before April, 1973
Its Shortughai.
Manda was Considered the northernmost IVC site until the discovery of Shortugai
Manda is mentioned as northernmost in the standard books. Also, wiki of both Manda and Shortughai mention them as the northernmost site!
It is clear from maps that Shortughai is north of Manda.
Can someone confirm what is mentioned in the latest NCERT ? Whatever is mentioned there, I guess we should go by that only since Shortughai is not a new discovery. It was discovered decades ago
TEST 4
QUESTION NO 30
Consider the following statements regarding Office of Governor:
1. According to the Constitution, Governor should be appointed by President on consultation with Chief Minister of State.
2. The Office of Governor plays the dual role as constitutional head of state and as an agent of Central Government.
The answer key and Laxmikanth says that Governor acts as AGENT OF CENTRE, which is true in reality, But aren't they called so in a derogatory way?
So will this not make the 2nd statement wrong?
Both statements are wrong.
Governor is not an agent of the centre. He is the head of the state and has many discretionary powers under him including constitutional discretion
Can sm1 plz calrify snt Brown carbon as GHG taken up by plants??What is the ratio of direct-to-indirect tax in India? I read somewhere that direct taxes form about 50% of tax revenue.
But, which is higher - direct or indirect tax revenue?
https://www.indiabudget.gov.in/doc/Budget_at_Glance/bag5.pdfthe official budget statistics.
direct tax collection is higher than indirect tax
Do you also know Govt subsidy to GDP ratio and %age of govt expenditure in subsidies?
Also, how can I check such statistics? I am not able to find them in Budget documents.
Do we really need to read and remember such fact?
Economic survey is a rich repository of data and facts of the economy.
A significant amount of money goes into subsidies. 70% of govt expenditure in agriculture and allied sector is in the form of subsidies. So, I thought that such data becomes automatically important 😅
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fci procures at msp but there is no guarantee that it will from all farmers
farmers can also sell to apmc mandis but if the buying cost at apmc mandis is less than msp,then fci has to procure from farmers(though practically it doesnt happen)
Thanks.
And after purchasing goods from farmers, do APMCs sell them to FCI ?
Largest producerSugar India not BrazilWheat UP, MP, Punjab. In terms of procurement Punjab(again got 1 position) and MP
I think it's Brazil only.
