UPSC EPFO SOLVED PAPER 2017

Product in the market is homogenous is not a feature of monopolistic competition. Monopolistic competition is a type of imperfect competition such that many producer sell products that are heterogeneous from each other.

Social cost is higher than economic cost because cost borne by standers is positive. Social cost is the total cost to society. It includes private cost plus any external costs.

Cess on coal at ₹ 100 per tonne is a type of carbon tax. In Indian ₹ 400 per tonne is levied on both imported and produced coal as cess. Recently a proposal from Prime Minister office suggested removing cess on coal.

Core inflation is different from headline inflation because the former ignores articles of volatile nature in the price. Headline inflation considers the price of all goods and services but core inflation considers the prices of all goods and services except articles of volatile nature in the price such as price of vegetables, oil prices.

Amartya sen is the author of ‘Choice of Techniques.’ An aspect of the theory of planned economic development. It was first Book written by Amartya sen, Published in 1960. This book talks about the techniques employed by the under developed state for development.

AICTE has formulated the ‘National Student startup policy launched’ by the President of India in November 2016. It aims to create 100,000 technology based student startups and a million employment opportunities within the next 10 years.

B. N Goldar was the Chairman of the working group for determining the methodology for construction of Producer Price Index (PPI) in India (2014). PPI is a group of indexes that calculates and represents the average movement in selling prices from domestic production overtime. In measures price movements from the seller’s point of view. In June 2019, government has set-up a working group under NITI Aayog member Ramesh Chand to devise a new producer price index (PPI)

Rajiv Gandhi Scheme for Empowerment of Adolescent Girl (RGSEAG) is aimed at all round development of adolescent girls in the age group of 11-18 years and making them self reliant. This scheme is a centrally sponsored program of government of India initiated on 1st April, 2011 under Ministry of Women and Child Development.

Panchayat (Extension to the scheduled areas) Act, 1996 permits self governance of natural resources by Gram Sabha. The main objective of PESA Act, 1996 is to provide for self governance through traditional Gram Sabhas for people living in scheduled areas of India.

Iran is not a member of World Trade Organisation. It has observer status with WHO Currently (January, 2020). WTO has 164 members. Japan in 1995, China in 2001 and Russia in 2012 became member of WTO. The WTO deals with regulation of trade in goods, services and intellectual property between participating countries.