General Studies 3

Benefits of  Minimum Support Price Income Security: MSP guarantees farmers a minimum price for their crops, ensuring a stable income and protecting them from market price fluctuations. Price Stability: MSP helps stabilise the prices of agricultural products, preventing extreme fluctuations … Continue reading →

Minimum Support Price(MSP) The Minimum Support Price (MSP) is the price at which the government purchases crops for the farmers, to insure farmers against any sharp fall in farm prices. MSP is the guaranteed amount paid to farmers when the … Continue reading →

Government Initiatives to deal with Unemployment Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) To provide guaranteed employment to rural households for at least 100 days in a financial year. Pradhan Mantri Kaushal Vikas Yojana (PMKVY) To provide skill training … Continue reading →

Causes of Unemployment in India Demographic Factors: Large and Growing Population: India’s population is massive and continues to grow. This creates immense pressure on the job market, with the number of job seekers often exceeding available opportunities. Skill Mismatch: Education … Continue reading →

Unemployment Definition The International Labour Organisation (ILO) defines an unemployed person  as being unemployed for a given week; being available to take a job within two weeks; having actively sought a job in the last four weeks or having found … Continue reading →

Causes of Poverty Limited Livelihood Opportunities: Lack of access to quality education, skill development, and decent jobs restricts income generation potential, trapping people in poverty. Social Inequalities: Caste, gender, religion, and other social factors can create barriers to accessing education, … Continue reading →

Poverty Poverty is a state or condition in which one lacks the financial resources and essentials for a certain standard of living. Classification of Poverty Absolute poverty Also known as extreme poverty or abject poverty, it involves the scarcity of … Continue reading →

Currency Convertibility Definition: Currency convertibility refers to the ability to exchange a country’s currency for another currency or for gold without restrictions. It allows individuals, businesses, and governments to convert one currency into another freely. Types: Fully Convertible Currency: The … Continue reading →

Forex Reserve Definition: Forex reserves are assets held on reserve by a central bank in foreign currencies like dollar, which can include bonds, treasury bills and other government securities. Components: Foreign Currency Assets Gold reserves Special Drawing Rights Reserve position with … Continue reading →

Types of Securities 1.Equity Securities Definition: Equity securities represent ownership in a company and entitle the holder to a share of the profits and assets. Examples: Common stocks, preferred stocks. Characteristics: Ownership stake in the issuing company. Potential for dividends … Continue reading →