AIR 730 · CSE 2023 · GS3 · 56 pages

Shoiab: GS3 answer copy

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

The questions

  1. Q1Elaborate on the difference between Capital Account and Current Account as components of Balance of Payment (BOP). Suggest a few measures to balance the BOP deficit of India.10 marks
  2. Q2लॉजिस्टिक्स (रसद) क्षेत्र, विनिर्माण उद्योग के विकास के महत्त्वपूर्ण घटकों में से एक है। चर्चा कीजिए। साथ ही, हाल ही में घोषित राष्ट्रीय लॉजिस्टिक्स नीति, 2022 के विभिन्न घटकों का भी उल्लेख कीजिए। (150 शब्दों में उत्तर दीजिए) 10 अंक10 marks
  3. Q3What is India's stand on the New Agreement on Fisheries Subsidies under WTO? How is the Fisheries sector significant for India? Enumerate the steps taken by the Government to develop this sector.10 marks
  4. Q4Analyze the systemic and institutional constraints that continue to hinder land reform efforts in India and propose pragmatic solutions to ensure equitable distribution of land.10 marks
  5. Q5What are the unique features and capabilities of the BrahMos supersonic cruise missile, and how has it contributed to India's defence capabilities and strategic position in the region?10 marks
  6. Q6In line with the country's efforts to explore the depths of the ocean and harness the resources it holds, the Indian government has proposed a deep-sea exploration mission Samudrayaan. How can this mission contribute to the advancement of ocean science and technology in the country?10 marks
  7. Q7What is Global Methane Pledge? Do you think the Global Methane Pledge is a positive step toward mitigating methane emissions? Explain India's stance on this issue.10 marks
  8. Q8The COVID-19 pandemic has highlighted the importance of disaster management in public health. Discuss the key strategies and challenges for managing pandemics and other infectious disease outbreaks.10 marks
  9. Q9"The resource curse of Eastern and Central India has been a crucial driver of LWE". Elaborate and suggest measures for sustainable and inclusive development of the region.10 marks
  10. Q10In light of the declining trend of violence in the North East and J&K region do you think that AFSPA has lived its utility? Comment.10 marks
  11. Q11International trade is centred on the dominant currency paradigm (DCM). Critically Analyze the importance of Hard currency in International trade and Discuss the potential of rupee acceptance in global trade as an alternative to dollar imperialism.15 marks
  12. Q12A demographic Dividend does not ensure growth; it only generates potential. Discuss the steps made by the government to take advantage of the opportunities presented by the demographic transition.15 marks
  13. Q13'Genome editing holds immense potential for crop improvement, but it also raises ethical and safety concerns'. How far do the new guidelines for the safety assessment of genome-edited plants in India, ensure the safety of genetically modified crops?15 marks
  14. Q14Discuss the impact of direct and indirect farm subsidies on the agriculture sector in India. How have Minimum Support Prices (MSP) affected the agricultural economy?15 marks
  15. Q15Antimicrobial resistance (AMR) is a rapidly escalating crisis that poses a grave threat to public health worldwide. What are the major contributing factors to the growing problem of antimicrobial resistance, and what steps can be taken to address this global health threat?15 marks
  16. Q16What do you understand by Disruptive innovations? What are some examples of disruptive innovation in recent times, and how have they changed the way industries operate?15 marks
  17. Q17Trace the evolution of the Loss and Damage fund, What are the major development related to loss and damage funds in COP 27?, What are the commitments made by India in this conference?15 marks
  18. Q18Disaster management is not just about responding to emergencies but also about building resilient communities. Discuss the key strategies that can be used to build community resilience and reduce the impact of disasters.15 marks
  19. Q19The transformation of terrorism through the use of new and emerging technologies like metaverse and virtual assets is a matter of concern. How can we counter the Use of New and Emerging Technologies for Terrorist Purposes and Elucidate the importance of the "Delhi declaration" in this regard?15 marks
  20. Q20"The Agnipath scheme is a bitter pill needed for the resilience and efficacy of our armed forces." Critically Analyze the statement with relevant arguments.15 marks

The answers

Question 1 · 10 marks · 209 words written

Elaborate on the difference between Capital Account and Current Account as components of Balance of Payment (BOP). Suggest a few measures to balance the BOP deficit of India.

Opening

The economy is divided into capital and current account to measure the impact of Balance of Payment situation.

Current AccountCapital Account
- The account which doesn't create any asset or liabilities in the future.- The account which create future liabilities or assets in the future.
↳ e.g. Goods export and import↳ e.g. Investment in economy.
- It shows short term issues and trends.- shows long term issues & trends.
- It shows the financial health of current year- It shows the impact over long term.

Body · points and prose

Measures to Control BoP deficit

  • Current Account deficit (i) Reduce Import of oil & Gas ↳ e.g. Hydrogen as alternative ↳ energy efficiency ↔ ethanol blending BS-6 norms. (ii) Promote export of goods & services ↳ current trade deficit of $122bn should be reduced. ↳ e.g. Toy products news in last 5yrs.

Capital Account (1) Attract Investment [current $92bn]. (2) Build assets & reduce loans ↳ will benefit both current & capital accounts (3) Capex investment - multiplier effect & crowding in.

Close · a summary

↳ e.g. 10 lakh cr [budget 2022-23].

⇒ BoP issues can be tackled through Fiscal Prudence