AIR 3 · CSE 2021 · GS3 · 52 pages

Gamini Singla: GS3 answer copy

20 answers by Gamini Singla, as written in the test. Each question opens a page with how other toppers answered it.

The questions

  1. Q1The move to establish a National Bank for Financing Infrastructure and Development (NBFID), to reverse the drag on India's growth potential will have its own set of challenges. Discuss.10 marks
  2. Q2Mega Food Parks (MFPs) were considered to be a gamechanger for the food processing sector in India, but their progress remains stunted. Discuss.10 marks
  3. Q3Explain the working of Private Finance Initiative (PFI) model. Also, discuss its significance in the Indian context.10 marks
  4. Q4Highlighting the significance of new labour codes for India, discuss the challenges associated with them.10 marks
  5. Q5The Public Distribution System (PDS) in India is not only a significant anti-poverty measure but also serves as an instrument of raising nutritional security. Discuss.10 marks
  6. Q6It is argued that excessive state intervention in itself has created multiple hurdles in the agricultural marketing system in India. Explain with adequate evidence.10 marks
  7. Q7Identifying the need for a climate resilient agriculture in India, discuss how it can be achieved.10 marks
  8. Q8Despite a vast coast line and a number of waterways, why has India not been able to achieve its potential in bringing a significant modal shift from rail and road to waterways?10 marks
  9. Q9Highlighting its potential, discuss the challenges that are being faced in the dairy sector in India. Also suggest some steps, which can be taken in this regard.10 marks
  10. Q10It has been argued that remedying the exclusion of the majority of women from access to and control of rural-land in India is one of the most significant steps that could be taken towards enhancing the country's rural livelihoods. In this context, identify the challenges in access to land rights by women. What measures can be taken to strengthen these rights?10 marks
  11. Q11There is an increasing recognition to move ahead to an effective medium term fiscal framework from the annual budget cycles, for political and economic sustainability of fiscal policies. Discuss.15 marks
  12. Q12Analyze the causes and consequences of growing economic inequality in India. Also, suggest some measures needed to deal with it.15 marks
  13. Q13A number of initiatives in recent years have focussed on the MSME sector. Why is there a need to focus on this sector? Also, identify the measures taken by the government and further scope of action.15 marks
  14. Q14Critically analyse the suggestion of allowing large corporate and industrial houses to act as promoters of banks.15 marks
  15. Q15Financial stability is generally the domain of monetary authority; however, the fiscal policy of the government has the potential to either facilitate or undermine it. Analyse in the context of India.15 marks
  16. Q16Discuss the issues plaguing crop procurement in India. Also, suggest measures to strengthen the procurement framework.15 marks
  17. Q17What do you understand by e-agriculture? Explaining how information and communication technology (ICT) can help the agriculture sector, highlight some initiatives taken by the government in this regard.15 marks
  18. Q18Explaining the concept of Integrated Water Resource Management, discuss how it can help in addressing the gaps in the present system of water management in India.15 marks
  19. Q19Skilling the Indian population faces a 3E challenge - Education, Employment and Employability. Discuss. Also suggest interventions required to effectively manage this challenge.15 marks
  20. Q20Examine the importance of foreign capital for a developing country, like India.15 marks

The answers

Question 1 · 10 marks · 173 words written

The move to establish a National Bank for Financing Infrastructure and Development (NBFID), to reverse the drag on India's growth potential will have its own set of challenges. Discuss.

Opening · a date or context

NBFID was proposed in the Budget 2020-21 in order to meet the capital needs by funding infrastructure sector.

Body · points

Reverse the drag on growth potential

  1. Boost capital availability in banks
  2. Boost private investment → employment → economic growth
  3. Sooth the negative impact of lockdown leading to slowdown as contraction in GDP growth by 7.7% rate

Own sets of challenges faced

(1) Funding the NBFID: a) If public funding: huge cost on exchequer and enhanced

fiscal deficit → taxations on common man in future

(b) Private sector → Lack of capital to invest

(2) Interference by Government → Inefficient management → bureaucratic hurdles in disbursal → Red tapism

(3) In case of failure of bank → huge ripple effect on economy

Way ahead → Proper discussion on its sources of funding before finalizing → Consultations with expert economists → Study the efficacy of such banks in other countries

Close · a way forward

If NBFID is established with proper research, it can help in achieving goal of 25% of contribution of manufacturing sector to GDP by 2025.