OPSC Prelims and Mains Notes-OPSC Test Series
Animal Husbandry in Odisha Animal husbandry has tremendous potential for employment generation .Dairy farming. sheep farming, goat farming, poultry farming & pig farming provide excellent opportunity for self employment. This sector has great role to play in poverty reduction and employment generation. Livestock products account for more than 20 % of the total value of … Read more Animal Husbandry in Odisha
Industrial Developement of Odisha:- Orissa is endowed with vast resources of a variety of minerals and occupies a prominent place in the country as a mineral rich State. Abundant reserves of high-grade Iron ore, Bauxite, Chromite, Manganese ore along with other minerals such as Coal, Limestone, Dolomite, Tin, Nickel, Vanadium, Lead, Graphite, Gold, Gemstone, Diamond, … Read more Industrial Developement of Odisha
Wild life and Ecotourism of Odisha Wildlife of Odisha The fauna of the region includes Deer, Sambar, Black Panthers, Tiger, Leopard, Elephant, Hyena, Wildboar, Bear, Porcupine, Reptiles, Blackbuck, Monkey, Squirrel, Jungle Cat, Hyena, Jackel, Karanja Lizards, Chameleon and Mangoose. Eighteen Sanctuaries, a National Park and one proposed Tiger conservational Park constitute the Protected Area network of Odisha … Read more Wild life and Ecotourism of Odisha
inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services.It is the percentage change in the value of the Wholesale Price Index (WPI) on a year-on year basis. It effectively … Read more Inflation & Control Mechanism
Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency. Objectives of Monetary Policies are:- Accelerated growth of the economy Balancing saving and investments Exchange rate stabilization Price stability Employment … Read more Monetary Policies
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 Services
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 Indian Agriculture
Economic Growth Economic growth means an increase in real GDP. This increase in real GDP means there is an increase in the value of national output / national expenditure. Economic growth is an important macro-economic objective because it enables increased living standards and helps create new jobs. Measurement of Economic Growth Economic growth is … Read more Economic Growth, Development & Planning
The global macroeconomic landscape is currently chartering a rough and uncertain terrain characterized by weak growth of world output. The situation has been exacerbated by; (i) declining prices of a number of commodities, with reduction in crude oil prices being the most visible of them, (ii) turbulent fnancial markets (more so equity markets), and … Read more Indian Economy in global Scenario
In 1978, the World Bank, for the first time, constructed an analytical country classification system. The occasion was the launch of the World Development Report. Annexed to the report was a set of World Development Indicators (WDI), which provided the statistical underpinning for the analysis. The first economic classification in the 1978 WDI divided … Read more Concept of Developing, Emerging and Developed countries.