HPSC Prelims and Mains Notes, HPSC Test Series
Reformers like Raja Rammohan Roy, Ishwarchandra Vidyasagar, Swami Dayanand Saraswati, Jyotiba Phule, Sir Syed Ahmed Khan and Pandita Ramabai understood that ignorance and backwardness in the society was responsible for hindering its progress and development. They studied the religious scriptures and criticized the prevalent religious and social practices. According to them, society should be based … Read more
The Renaissance and Reformation Greater travel, rising wealth and greater knowledge of outer world led to a new philosophy of life called renaissance. With rising material consumption, this worldly pleasures took place of Church advocated other worldly pleasure and hence human and not god became center of activities. Thus, humanism was a key feature of … Read more
Enlightenment and Industrial Revolution Emergence and Background Beginning of geographical discoveries and direct sea routes opened new avenues of trade and commerce. It formed the bedrock of Industrial revolution as mismatch between demand and supply led to new innovative ways of enhancing production. Second factor was emergence of capitalist ideology. Profit making became the core … Read more
Imperialism is a state policy, practice, or advocacy of extending power and dominion, especially by direct territorial acquisition or by gaining political and economic control of other areas. Because it always involves the use of power, whether military force or some subtler form, imperialism has often been considered morally reprehensible, and the term is frequently … Read more
First World War Background It was a result of growing inter-imperialist rivalries, growing chauvinism, antagonism and conflicts within Europe, formation of alliances and secret pacts, growing militarization, feverish preparations for war, were some of the marked features that harbingered war. There had been a number of crises which were temporarily resolved, but led to deep … Read more
Mainstay of Indian Economy Since independence, undergone a change from being the sector contributing the highest share to the GDP to one contributing the lowest share. Agriculture is a state subject. GDP contribution (Agriculture and allied sector) 5 pc in 1950-51 7 pc in 2008-09 and 14.6 pc in 2009-10. It was 19 pc in … Read more
Under Industrial Policy, keeping in view the priorities of the country and its economic development, the roles of the public and private sectors are clearly decided. Under the New Industrial Policy, the industries have been freed to a large extent from the licenses and other controls. In order to encourage modernisation, stress has been laid … Read more
Current Status It is the largest and fastest growing sector globally contributing to the global output and employing more people than any other sector Why has services sector grown? Increase in urbanisation, privatisation and more demand for intermediate and final consumer services Availability of quality services is vital for the well being of the economy … Read more
Money supply is the entire stock of currency and other liquid instruments in a country’s economy as of a particular time. The money supply can include cash, coins and balances held in checking and savings accounts. Money Supply can be estimated as narrow or broad money. There are four measures of money supply in India … Read more
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