Economy Archives - Page 3 of 11 - Bihar PSC Exam Notes

An introduction to economy of Bihar

An introduction to economy of Bihar BIHAR ECONOMY: AN OVERVIEW The growth momentum of the Bihar’s economy, experienced in the last decade, was continued in the recent years also. Last year the Central Statistical Organisation has released a new series of GSDP, with 2011-12 as the base year for estimation of both national and state … Read more

Industrial development of Bihar

Industrial development of Bihar Bihar is one of the fastest growing states in India. The economy of Bihar is projected to grow at a compound annual growth rate (CAGR) of 13.4% during 2012-2017 i.e. the 12th Five-Year Plan. Bihar has witnessed strong growth in per capita net state domestic product (NSDP). At current prices, per … Read more

Impacts of Privatization

Privatization in generic terms refers to the process of transfer of ownership, can be of both permanent or long term lease in nature, of a once upon a time state-owned or public owned property to individuals or groups that intend to utilize it for private benefits and run the entity with the aim of profit maximization. ADVANTAGES … Read more

Educational infrastructure and education in Bihar

The importance of higher education in contributing towards the development of human potential is well accepted, both at the national level and in Bihar. However, the educational scenario in the state is very dismal. Bihar has lost its pre-eminent position and higher education is almost stagnant in the State. The progress of higher education in … Read more

Bihar : Schemes and Projects

Bihar : Schemes and Projects Economy of Bihar is growing at a rapid pace but growth story may lose all its significance, unless it is translated into human development. And in Bihar we can see growth of economy along with the development. Bihar provides an excellent example of growing with inclusive growth. Today, people are … Read more

The Gupta Empire

The Gupta Empire stretched across northern, central and parts of southern India between c. 320 and 550 CE. The period is noted for its achievements in the arts, architecture, sciences, religion, and philosophy. Chandragupta I (320 – 335 CE) started a rapid expansion of the Gupta Empire and soon established himself as the first sovereign ruler of the empire. It marked the end of 500 hundred … Read more

Role and Functions of Reserve Bank of India

Role of RBI Pre-reform Post-reform Developmental Role: the developmental role has increased in view of the changing structure of the economy with a focus on SMEs and financial inclusion Priority Sector Lending: Introduced from 1974 with public sector banks. Extended to all commercial banks by 1992 In the revised guidelines for PSL the thrust is … Read more

India under the British Rule

The economic consequences of the British rule can be studied under three heads: Decline of Indian Handicrafts and progressive ruralisation of the Indian economy Growth of the new land system and the commercialisation of Indian agriculture Process of industrial transition of India Decline of Handicrafts While India was an exporter of Handicrafts before the … Read more

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 enterprises of future.

PUBLIC FINANCE

Public Finance Public finance is the study of the role of the government in the economy. It is the branch of economics which assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones. It includes the study of … Read more