AIR 413 · CSE 2022 · GS3 · 54 pages

Shreyansh Surana: GS3 answer copy

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

The questions

  1. Q1What is a barbell strategy? How was it put to use to cushion the Covid blow on the Indian Economy?10 marks
  2. Q2Post liberalization growth in GDP has come at the cost of ever-widening inequality. Analyze.10 marks
  3. Q3India's food processing sector grew well in the last few years but still India has immense potential to unlock in this sector. Discuss.10 marks
  4. Q4Food Corporation of India is central to food security in India, but to become an agency for innovations in Food Management System it needs to overhaul its operations and modernise its storage. Comment.10 marks
  5. Q5What is a Small Satellite Launch Vehicle (SSLV) and how will it benefit India's space programme?10 marks
  6. Q6Ban on single-use plastic is a significant step but not a complete solution to curb plastic pollution. Comment.10 marks
  7. Q7How can Climate finance prove critical in addressing the issue of climate change? What are some of the international financial mechanisms to provide financial resources to developing countries?10 marks
  8. Q8How is Flash drought different from conventional drought? Discuss about the vulnerability of India to Flash drought related hazards.10 marks
  9. Q9The growing trade in narcotics through the use of cryptocurrencies and the darknet is causing policymakers to reassess the impact of ICT technology on drug policy enforcement. Analyze. (10 marks, 150 words) What is a drone swarm? How do drone swarms present a challenge for conventional air defence systems? What countermeasures should be taken to prevent this threat?10 marks
  10. Q10Rafale fighter jet is effectively countering the threat posed by the advanced 5th generation fighters of India's adversaries. Critically examine.10 marks
  11. Q11Union budget 2022-23 has proposed the introduction of the Central Bank Digital Currency (CBDC) to boost the digital economy. What do you understand by Central Bank Digital Currency (CBDC) and in what ways can it boost the digital economy in India?15 marks
  12. Q12While most developed nations are experiencing an aging population India has the opportunity to produce skilled Human resources and become the world's skill capital. Elaborate.15 marks
  13. Q13PM Gatishakti will give a new direction to the development of infrastructure with a transformative approach for Economic growth and will facilitate India's transition to Amrit kaal. Discuss.15 marks
  14. Q14What is digital agriculture? How it can contribute towards increasing farmer's income and improving efficiency of the agriculture sector in India. Write down the initiatives taken by the government to promote digital agriculture in India. Why is there a lack of participation of women in the field of science and technology? How can India facilitate increased participation of women in Science Technology Engineering and Medicine (STEM)?15 marks
  15. Q16India needs a greater thrust on innovation to catapult itself to a higher growth trajectory. With reference to the Science, Technology, and Innovation Policy, discuss the approaches that can help unlock innovation potential in India.15 marks
  16. Q17Discuss how the reintroduction of Cheetah in India will not only help in the conservation of the species but will also be a boon to the ecosystem. Also, mention the challenges faced in the reintroduction of the Cheetah.15 marks
  17. Q18Discuss how climate induced flood loads and reservoir level change may lead to dam failure. In what ways does the Dam Safety Act 2021 ensure prevention of dam failure-related disasters?15 marks
  18. Q20Discuss in brief India's coastal security architecture and its evolution. Also, discuss the role played by the Indian coast guard in this regard.15 marks
  19. QN/A

The answers

Question 1 · 10 marks · 142 words written

What is a barbell strategy? How was it put to use to cushion the Covid blow on the Indian Economy?

Opening · a definition

Barbell strategy is a 2 pronged approach where the 1 leg focuses on risk hedging while the other leg actively takes up risk in agile manner.

This was mentioned by Eco survey 2021-22 as well. (I) Use of Risk Aversion (Hedging):

Body · points

ll consisting of a central rod and two circular weights on the ends

  • Left weight is labelled: Risk cushioning
  • Right weight is labelled: Agile realtime feedback to handle risk
  • Label below diagram: Bar-Bell

(I) Use of Risk Aversion (Hedging):

  1. Improved expenditure on health infra. 62% budget increase.

  2. Protection to workers by government's contribution to Provident Fund.

  3. Deferred applicability of Insolvency and Bankruptcy code (IBC).

  4. PM-Garib Kalyan Yojana for social security benefits.

Agile Real time Risk Dealing

  1. Iterative approach towards economy's lock down

    • 1st wave - pan India
    • 2nd wave - localised lockdown

  2. Frequent policy updation to deal with economic crisis eg: Increased moratorium for critical infra projects.

  3. Direct Tax cut down (a risky decision); monetory policy leasing.

Close · a summary

Thus, a combination ensured in a near V-shaped recovery with growth rate 12% (2020-21).