General Studies 3
Money and Money Supply
Money and Money Supply Barter System Definition- The Barter System refers to the act of trading goods and services between two or more parties directly, without the use of an intermediary monetary medium, such as money or credit card. Money … Continue reading
Basics of Economics: Indicators of Economic Output
Gross Domestic Product (GDP) Gross Domestic Product (GDP) measures the aggregate production of final goods and services taking place within the domestic economy during a year. Key Terms: GDP at Factor Cost (GDPFC) GDP at Factor Cost (GDPFC) refers to … Continue reading
Basics of Economy: National Income
Basic Concepts of National Income National Income – It refers to the aggregate value of all the final goods and services produced in a country in a particular period of time (usually one financial year). National Income Accounting – This … Continue reading
Basics of Economics
Basics of Economics What is economics? In 1776, Adam Smith, father of modern Economics, published Wealth of Nations, where he defined Economics as an enquiry into nature and causes of wealth of Nations. Types of economics- Macroeconomics The branch of … Continue reading
National Parks in India
States / UTs National Parks and Features Andaman and Nicobar Islands South Button Island National Park Relevance: Smallest national park in India. IUCN Protected Species: Dugong – Vulnerable Saddle Peak National Park Location: North Andaman Island Peak: Saddle Peak IUCN … Continue reading
Agriculture: Stubble Burning
What is it? Stubble burning is the purposeful setting of crop residue (stubble) on fire in fields following the harvest of crops including sugarcane, wheat, and rice. This practice is common in many agricultural nations, including India. A quick and … Continue reading
Agriculture: Zero-Budget Natural Farming (ZBNF)
Basics Introduction: Zero-Budget Natural Farming (ZBNF) is an agricultural practice developed by Indian agriculturist Subhash Palekar Aim: ZBNF aims to reduce farmers’ reliance on costly chemical inputs and loans, promoting ecological balance, soil health, and economic sustainability. Why is it … Continue reading
Agriculture: Natural Farming
What is it? Natural farming is an agricultural approach that emphasises working in harmony with nature rather than using synthetic inputs such as chemical fertilisers, pesticides, or genetically modified organisms (GMOs). It’s rooted in principles that promote soil health, biodiversity, … Continue reading
Agriculture: Sustainable Agriculture
Definition Sustainable agriculture refers to farming practices that meet current food needs without compromising the ability of future generations to meet theirs. It emphasises environmental health, economic profitability, and social and economic equity. Principles Environmental Health: Practices aim to maintain … Continue reading
Ocean Acidification: Steps Taken to Address Ocean Acidification
India The National Action Plan on Climate Change (NAPCC) of India describes methods for reducing carbon emissions as part of its mitigation initiatives. These activities cover indirectly addressing ocean acidification. Institutions conducting maritime research include the National Institute of Oceanography … Continue reading