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Pankaj Gupta
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Pankaj GuptaScholar
Asked: 3 months agoIn: Economics, Environment

What is Green Taxonomy?

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What is Green Taxonomy?

What is Green Taxonomy?

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green taxonomy
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Answer
  1. Shefali
    Shefali Explorer
    Added an answer about 3 months ago

    Green Taxonomy is a classification system that defines which economic activities are environmentally sustainable. It serves as a guideline for businesses, investors, and policymakers to direct capital towards projects and industries that contribute to environmental goals such as climate change mitigRead more

    Green Taxonomy is a classification system that defines which economic activities are environmentally sustainable. It serves as a guideline for businesses, investors, and policymakers to direct capital towards projects and industries that contribute to environmental goals such as climate change mitigation, pollution reduction, and biodiversity conservation.

    Key Aspects of Green Taxonomy

    1. Objective-Oriented – It aligns with global sustainability targets, such as the Paris Agreement and the UN Sustainable Development Goals (SDGs).
    2. Scientific Basis – It uses scientific criteria to determine whether an economic activity is environmentally beneficial.
    3. Policy Framework – It provides a foundation for financial regulations, investment strategies, and sustainable finance initiatives.
    4. Avoids Greenwashing – By setting clear definitions, it prevents companies from falsely claiming sustainability.
    5. Sector-Specific Guidance – It applies to various industries, including energy, agriculture, transportation, and manufacturing.

    Notable Green Taxonomies Around the World

    1. EU Taxonomy (European Union) – A leading framework under the European Green Deal, providing detailed criteria for sustainable activities.
    2. China’s Green Bond Endorsed Project Catalogue – Defines green investments for bonds and financial markets.
    3. ASEAN Taxonomy – A regional initiative to guide sustainable finance in Southeast Asia.
    4. India’s Green Taxonomy – Under development to promote sustainable economic activities.
    5. UK Green Taxonomy – A framework similar to the EU’s, tailored for the UK’s climate goals.

    Why is Green Taxonomy Important?

    • Encourages Green Investments – Helps investors and companies identify eco-friendly opportunities.
    • Supports Climate Goals – Aligns economic growth with environmental sustainability.
    • Creates Market Transparency – Establishes standardized criteria for sustainability claims.
    • Reduces Financial Risks – Helps investors assess environmental risks linked to assets.

    Green taxonomies are a crucial tool in achieving a sustainable and low-carbon economy by directing capital towards projects that genuinely benefit the environment.

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bhawnagupta
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bhawnaguptaBeginner
Asked: 4 months agoIn: Economics

what are trade tarriffs and how do they work?

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what are trade tarriffs and how do they work?

what are trade tarriffs and how do they work?

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economicsgovernmentpoltics
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Answer
  1. Pankaj Gupta
    Pankaj Gupta Scholar
    Added an answer about 3 months ago

    Trade tariffs are taxes or duties imposed by a government on goods and services imported from other countries. They are a common tool in international trade policy and serve various economic and political purposes. Here's a detailed breakdown of what tariffs are and how they work: Types of Tariffs ARead more

    Trade tariffs are taxes or duties imposed by a government on goods and services imported from other countries. They are a common tool in international trade policy and serve various economic and political purposes. Here’s a detailed breakdown of what tariffs are and how they work:

    Types of Tariffs

    • Ad Valorem Tariffs: These are calculated as a percentage of the value of the imported goods. For example, a 10% tariff on a $1,000 product would mean a $100 tax.
    • Specific Tariffs: These are fixed charges per unit of the imported good, such as $50 per ton of steel.
    • Compound Tariffs: A combination of ad valorem and specific tariffs. For instance, a product may be taxed at 5% of its value plus $20 per unit.

    How Trade Tariffs Work

    • Imposition: When a government imposes a tariff, it applies the tax to imported goods at the port of entry.
      • Example: If a country imports $10 million worth of cars and has a 20% tariff, the importer must pay $2 million in tariffs.
    • Pass-Through Costs: Importers often pass on the additional costs of tariffs to consumers, making imported goods more expensive.
      • This may encourage consumers to purchase domestic products instead of imports.
    • Revenue Generation: Tariffs generate revenue for the government, especially in countries where trade taxes form a significant part of the budget.
    • Trade Protectionism: Tariffs are often used to protect domestic industries from foreign competition by making imported goods less attractive due to higher prices.

    Impacts of Tariffs

    • Economic Impact:
      • On Consumers: Higher prices for imported goods can reduce purchasing power.
      • On Producers: Domestic industries may benefit from reduced competition, but industries relying on imported inputs may face higher costs.
    • Trade Relations: High tariffs can lead to trade disputes, with affected countries imposing retaliatory tariffs, resulting in a trade war.
    • Global Supply Chains: Tariffs can disrupt supply chains, increasing production costs and impacting global trade.

    Examples of Tariffs in Action

    • US-China Trade War: The US imposed tariffs on Chinese goods, and China retaliated with tariffs on US exports, affecting industries and consumers in both countries.
    • Steel and Aluminum Tariffs: Countries often impose tariffs on these materials to protect domestic industries, which can affect the cost of manufacturing globally.

    Criticisms and Alternatives

    • Criticisms:
      • Tariffs can hurt consumers through higher prices and reduce economic efficiency.
      • They can lead to retaliatory actions, escalating trade tensions.
    • Alternatives: Countries may use subsidies, quotas, or trade agreements to manage trade policies without resorting to tariffs.

    Trade tariffs are a powerful but often controversial tool in economic policy. While they can protect domestic industries and generate revenue, they may also lead to higher consumer costs and strained international relations.

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Administrator
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Administrator
Asked: 5 months agoIn: Accountancy, Commerce, Economics, Entertainment, Environment

What is accountancy?

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What is accountancy?

What is accountancy?

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accountancy
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Answer
  1. Pankaj Gupta
    Pankaj Gupta Scholar
    Added an answer about 5 months ago

    Accountancy is the practice of recording, classifying, summarizing, and reporting financial transactions of a business or individual. It involves a systematic process that helps in analyzing the financial health and performance of an entity. Accountancy plays a crucial role in decision-making, complRead more

    Accountancy is the practice of recording, classifying, summarizing, and reporting financial transactions of a business or individual. It involves a systematic process that helps in analyzing the financial health and performance of an entity. Accountancy plays a crucial role in decision-making, compliance with laws, and maintaining transparency in financial operations.

    Key Functions of Accountancy:

    1. Recording: Documenting all financial transactions in books of accounts (e.g., journals, ledgers).

    2. Classifying: Organizing transactions into meaningful categories (e.g., assets, liabilities, income, expenses).

    3. Summarizing: Preparing financial statements like the profit and loss account, balance sheet, and cash flow statements.

    4. Analyzing: Interpreting financial data to understand profitability, liquidity, and solvency.

    5. Communicating: Sharing financial information with stakeholders like management, investors, and regulatory authorities.

    Types of Accountancy:

    1. Financial Accounting: Focuses on preparing financial statements for external use.

    2. Management Accounting: Provides financial data for internal decision-making.

    3. Cost Accounting: Analyzes production costs to improve efficiency.

    4. Auditing: Examines financial records for accuracy and compliance.

    5. Tax Accounting: Focuses on tax compliance and planning.

    Accountancy is essential for businesses to track their financial activities, comply with regulations, and make informed strategic decisions.

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Urmila
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Poll
UrmilaExplorer
Asked: 7 months agoIn: Economics, Politics & Political Science

How many of the given statements regarding Finance Bill and Money Bill are correct?

  • 4

With reference to Finance Bill and Money Bill in the Indian Parliament, consider the following statements:                                                  ...Read more

With reference to Finance Bill and Money Bill in the Indian Parliament, consider the following statements:                                                                                                                                        [2023]
1.  When the Lok Sabha transmits Finance Bill to the Rajya Sabha, it can amend or reject the Bill.
2.  When the Lok Sabha transmits Money Bill to the Rajya Sabha, it cannot amend or reject the Bill, it can only make recommendations.
3. In the case of disagreement between the Lok Sabha and the Rajya Sabha, there is no joint sitting for Money Bill, but a joint sitting becomes necessary for Finance Bill.

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finance bilmoney billpolitypollquestionupsc pre 2023
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Answer
  1. Urmila
    Urmila Explorer
    Added an answer about 7 months ago

    Here is the analysis of the three statements: Statement 1: "When the Lok Sabha transmits Finance Bill to the Rajya Sabha, it can amend or reject the Bill." This statement is incorrect because, as per the text, a Finance Bill is a Money Bill, and the Rajya Sabha cannot amend or reject it. The Rajya SRead more

    Here is the analysis of the three statements:

    1. Statement 1: “When the Lok Sabha transmits Finance Bill to the Rajya Sabha, it can amend or reject the Bill.”
      • This statement is incorrect because, as per the text, a Finance Bill is a Money Bill, and the Rajya Sabha cannot amend or reject it. The Rajya Sabha can only recommend changes, which the Lok Sabha may accept or reject.
    2. Statement 2: “When the Lok Sabha transmits Money Bill to the Rajya Sabha, it cannot amend or reject the Bill, it can only make recommendations.”
      • This statement is correct as per the explanation provided. The Rajya Sabha has limited powers over a Money Bill and can only make recommendations.
    3. Statement 3: “In the case of disagreement between the Lok Sabha and the Rajya Sabha, there is no joint sitting for Money Bill, but a joint sitting becomes necessary for Finance Bill.”
      • This statement is incorrect because a Finance Bill is a Money Bill, and there is no provision for a joint sitting for a Money Bill.

    Conclusion:

    • Statement 2 is correct.
    • Statements 1 and 3 are incorrect.

    Thus, the correct answer is Only one.

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Harpreet
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Poll
HarpreetBeginner
Asked: 7 months agoIn: Economics, UPSC

UNOPS S3i Initiative Investment Focus Areas

  • 5

Consider the following infrastructure sectors:                                                                        ...Read more

Consider the following infrastructure sectors:                                                                                      [2023]
1. Affordable housing
2. Mass rapid transport
3. Health care
4. Renewable energy
On how many of the above does UNOPS Sustainable Investments in Infrastructure and Innovation (S3i) initiative focus for its investments?

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economicspollquestionunops s3i initiative investmentupsc pre 2023
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Answer
  1. Shefali
    Shefali Explorer
    Added an answer about 7 months ago
    This answer was edited.

    The correct answer is Only three. The UNOPS Sustainable Investments in Infrastructure and Innovation (S3i) initiative focuses on the following sectors for its investments: Affordable housing: Yes, it is a focus area. Mass rapid transport: No, it is not mentioned as a focus area. Health care: Yes, itRead more

    The correct answer is Only three. The UNOPS Sustainable Investments in Infrastructure and Innovation (S3i) initiative focuses on the following sectors for its investments:

    1. Affordable housing: Yes, it is a focus area.
    2. Mass rapid transport: No, it is not mentioned as a focus area.
    3. Health care: Yes, it is a focus area (referred to as “Health Infrastructure”).
    4. Renewable energy: Yes, it is a focus area.

    Therefore, only three of the mentioned sectors are focused on by the S3i initiative.

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Harpreet
  • 5
Poll
HarpreetBeginner
Asked: 7 months agoIn: Economics, UPSC

Criteria for Horizontal Tax Devolution by 15th Finance Commission

  • 5

Consider the following:                                                                            ...Read more

Consider the following:                                                                                                                              [2023]
1. Demographic performance
2.  Forest and ecology
3.  Governance reforms
4. Stable government
5. Tax and fiscal efforts
For the horizontal tax devolution, the Fifteenth Finance Commission used how many of the above as criteria other than population area and income distance?

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economicshorizontal tax devolutionpollquestionupsc pre 2023
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Answer
  1. Shefali
    Shefali Explorer
    Added an answer about 7 months ago
    This answer was edited.

    The correct answer is Only three. For horizontal tax devolution, the Fifteenth Finance Commission used the following criteria in addition to population, area, and income distance: Demographic performance: Yes, this was used as a criterion. Forest and ecology: Yes, this was used as a criterion. GoverRead more

    The correct answer is Only three. For horizontal tax devolution, the Fifteenth Finance Commission used the following criteria in addition to population, area, and income distance:

    1. Demographic performance: Yes, this was used as a criterion.
    2. Forest and ecology: Yes, this was used as a criterion.
    3. Governance reforms: No, this was not a criterion used by the Finance Commission.
    4. Stable government: No, this was not a criterion used by the Finance Commission.
    5. Tax and fiscal efforts: Yes, this was used as a criterion.

    Thus, three of the given criteria (Demographic performance, Forest and ecology, Tax and fiscal efforts) were used.

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Pankaj Gupta
  • 5
Poll
Pankaj GuptaScholar
Asked: 7 months agoIn: Economics, UPSC

How many of the given investments are considered intangible investments?

  • 5

Consider the investments in the following assets:                                                                    ...Read more

Consider the investments in the following assets:                                                                          [2023]

1. Brand recognition

2. Inventory

3. Intellectual property

4. Mailing list of clients

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economicsinvestmentspollquestionupsc pre 2023
1
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Answer
  1. Pankaj Gupta
    Pankaj Gupta Scholar
    Added an answer about 7 months ago
    This answer was edited.

    Let's examine each asset: Brand recognition: This is considered an intangible asset. It represents the value associated with a brand's reputation and customer awareness, but it has no physical presence. Inventory: This is not considered an intangible asset. Inventory refers to the goods a company hoRead more

    Let’s examine each asset:

    1. Brand recognition: This is considered an intangible asset. It represents the value associated with a brand’s reputation and customer awareness, but it has no physical presence.
    2. Inventory: This is not considered an intangible asset. Inventory refers to the goods a company holds for sale and is a physical, tangible asset.
    3. Intellectual property: This is an intangible asset. Intellectual property includes patents, copyrights, trademarks, etc., which are valuable but non-physical in nature.
    4. Mailing list of clients: This is also considered an intangible asset. While it may exist in a physical form (as a database), the value lies in the relationships and potential business it can generate, making it intangible.

    Thus, three of the four are intangible investments. The correct answer is Only three.

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Pankaj Gupta
  • 5
Poll
Pankaj GuptaScholar
Asked: 7 months agoIn: Agriculture, Economics, UPSC

How many of the given statements regarding niger (Guizotia abyssinica) are correct?

  • 5

Consider the following statements:                                                                          ...Read more

Consider the following statements:                                                                                                         [2023]
1. The Government of India provides Minimum Support Price for niger (Guizotia abyssinica) seeds.
2. Niger is cultivated as a Kharif crop.
3.  Some tribal people in India use niger seed oil for cooking.

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agricultureeconomicsniger (guizotia abyssinica)pollquestionupsc pre 2023
1
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Answer
  1. Pankaj Gupta
    Pankaj Gupta Scholar
    Added an answer about 7 months ago
    This answer was edited.

    Let's break down the statements: The Government of India provides Minimum Support Price for niger (Guizotia abyssinica) seeds: This is correct. Niger seeds are one of the crops for which the Government of India declares a Minimum Support Price (MSP) to support farmers. Niger is cultivated as a KhariRead more

    Let’s break down the statements:

    1. The Government of India provides Minimum Support Price for niger (Guizotia abyssinica) seeds: This is correct. Niger seeds are one of the crops for which the Government of India declares a Minimum Support Price (MSP) to support farmers.
    2. Niger is cultivated as a Kharif crop: This is correct. Niger (Guizotia abyssinica) is typically grown as a Kharif crop, particularly in rain-fed areas of India.
    3. Some tribal people in India use niger seed oil for cooking: This is correct. Niger seed oil is used for cooking, especially among some tribal communities in India due to its nutritional and medicinal properties.

    Thus, all three statements are correct. Therefore, the correct answer is All three.

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Pankaj Gupta
  • 5
Poll
Pankaj GuptaScholar
Asked: 7 months agoIn: Agriculture, Economics, UPSC

Concept of 'Small Farmer Large Field

  • 5

Which one of the following best describes the concept of ‘Small Farmer Large Field?                [2023]

Which one of the following best describes the concept of ‘Small Farmer Large Field?                [2023]

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agricultureeconomicspollquestionsmall farmer large fieldupsc pre 2023
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Answer
  1. Pankaj Gupta
    Pankaj Gupta Scholar
    Added an answer about 7 months ago
    This answer was edited.

    The concept of 'Small Farmer Large Field' involves small and marginal farmers coming together to coordinate their farming practices, often synchronizing key operations like sowing, irrigation, and harvesting to achieve economies of scale. While they retain individual ownership of their land, this coRead more

    The concept of ‘Small Farmer Large Field’ involves small and marginal farmers coming together to coordinate their farming practices, often synchronizing key operations like sowing, irrigation, and harvesting to achieve economies of scale. While they retain individual ownership of their land, this collective approach helps them gain the benefits typically associated with larger-scale farming, such as improved efficiency, better access to resources, and reduced costs. The correct answer is Many marginal farmers in an area organize themselves into groups and synchronize and harmonize selected agricultural operations.

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Pankaj Gupta
  • 6
Poll
Pankaj GuptaScholar
Asked: 7 months agoIn: Economics, UPSC

How many of the given markets are included in capital markets?

  • 6

Consider the following markets:                                                                          ...Read more

Consider the following markets:                                                                                                              [2023]
1.  Government Bond Market
2. Call Money Market
3. Treasury Bill Markets
4. Stock Market

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economicsmarketspollquestionupsc pre 2023
1
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Answer
  1. Pankaj Gupta
    Pankaj Gupta Scholar
    Added an answer about 7 months ago
    This answer was edited.

    The capital markets typically include financial markets where long-term debt (bonds) or equity-backed securities (stocks) are bought and sold. Let's analyze the given options: Government Bond Market: This is part of the capital market as it deals with long-term securities (bonds). Call Money Market:Read more

    The capital markets typically include financial markets where long-term debt (bonds) or equity-backed securities (stocks) are bought and sold. Let’s analyze the given options:

    1. Government Bond Market: This is part of the capital market as it deals with long-term securities (bonds).
    2. Call Money Market: This is part of the money market, not the capital market, as it deals with very short-term funds (usually overnight loans).
    3. Treasury Bill Markets: Treasury bills are short-term debt instruments, which are part of the money market, not the capital market.
    4. Stock Market: This is part of the capital market as it involves trading equity-backed securities.

    Therefore, only two of the above markets, the Government Bond Market and the Stock Market, are included in capital markets. The correct answer is Only two.

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