Daily Practice Sheet 21 December 2021
- December 21, 2021
- Posted by: OptimizeIAS Team
- Category: DPS
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Daily Practice Sheet
21 December 2021
Daily Prelims Topic
- Economically Weaker Sections (EWS)
- Multistate Cooperatives
- Chile Mapping
- World Economic Forum
- Fuel Taxes
- Fertility Rate Decline in India
- Pillar-II Model Rules for Global Minimum Tax
- Derivative Trading
- Series G Funding
- Three Decades of the Economic Reforms in India
- Article 167 of the Constitution
- Banks to offer OD of ₹5,000 to women SHG members
- MCA 21
Daily Mapping
- Chile and Atacama Desert
Daily Constitution
- Art 167
Daily Facts
- India’s GDP growth increased to 6.2 per cent between 1992-93 and 2000-01 from earlier levels of 3.5 per cent. Between 2005-06 and 2007-08, it even touched a high 9.4 per cent. On the balance of payment (BoP) front, the 10-year itch (of going to IMF for bail out) vanished. India never went to IMF again after since 1991. In terms of poverty, too, the reforms worked, he said. Between 1993-94 and 2004-05, poverty rates fell from 45.3 per cent to 37.2 per cent.
- In 1980, per capita income of India and China was similar, but by 2020, China’s was $10,500 as against India’s $1,900. India started the reform journey a decade later than China but in terms of prosperity, the country is many decades behind.
- India should grow its economy at 8-9 per cent for the next 21 years to become a developed nation. Even to grow from its current size of $2.7 billion and achieve its target of a $5-billion economy from $2.7 billion now, it will have to grow at 8-9 per cent for five consecutive years.
MAINS OPTIMA 2021
CSE 2021
Day 42
Topic: Mobilization of resources and employment issues
- Recent SBI report witnessed accelerated formalisation. In this context explain what you understand by informal economy. Critically examine factors responsible for increase in formalisation and decline in informal size of economy
- High rates of unemployment are dangerous for the economy. Explain Also Discuss the causes and suggest remedies.
- What do you understand about asset monetisation? How is it different from privatization? Discuss concerns and challenges.
CSE 2022
Day 47
Topic: Structure, organization and functioning of the Executive and the Judiciary Ministries and Departments of the Government
Daily Mains Mantra
GS 1: Society
- What do you understand by fertility rate? Discuss the implications of decreasing fertility rate. [Reference: Business Line]
GS 1: Geography
GS 3: Economy
- What do you understand by shadow banking?
- The lesson the country learnt is that reforms, by themselves, do not lead to higher economic growth. Examine in the context of 1991 economic reforms
- Have 1991 economic reforms delivered? [Reference: Business Line]
- What do you understand by developed country? Can India become a developed country by 2050? [Reference: Business Line]
- The triad of reforms, growth and equity is the only way for the country to achieve the sustained high rate of growth. Discuss
- Examine the problem of inequality throughout the world and India. [Reference: The Hindu]