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Public Sector in India, Economy Traditional, UPSC Video Lecture | Indian Economy for UPSC CSE

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FAQs on Public Sector in India, Economy Traditional, UPSC Video Lecture - Indian Economy for UPSC CSE

1. What is the public sector in India?
Ans. The public sector in India refers to the part of the economy that is owned and operated by the government. It includes various government departments, enterprises, and public institutions. These entities provide essential services and play a crucial role in the development and welfare of the country.
2. What is the traditional economy of India?
Ans. The traditional economy of India is characterized by agricultural practices, cottage industries, and barter system. It is based on customs, traditions, and inheritance, where economic decisions are guided by cultural and religious beliefs. This type of economy is prevalent in rural areas and is slowly transitioning towards a more modern and market-oriented economy.
3. What is UPSC?
Ans. UPSC stands for Union Public Service Commission. It is a constitutional body in India responsible for conducting prestigious examinations such as the Civil Services Examination (CSE) and recruiting candidates for various administrative positions in the government. UPSC plays a vital role in selecting candidates based on merit and ensuring the efficiency and integrity of the civil services.
4. What are the frequently asked questions (FAQs) related to UPSC?
Ans. Some frequently asked questions related to UPSC include: a) What is the eligibility criteria for UPSC exams? b) How many times can one attempt the UPSC exams? c) What is the exam pattern and syllabus for UPSC exams? d) How can one prepare for the UPSC exams effectively? e) What are the different services one can get into through UPSC exams?
5. How can the public sector contribute to the Indian economy?
Ans. The public sector in India plays a significant role in the country's economy. It contributes to economic growth, job creation, and social welfare. The public sector enterprises provide essential infrastructure, such as transportation, power, and communication, which are crucial for economic development. Additionally, the public sector generates revenue for the government through taxes, dividends, and royalties, which can be utilized for public welfare programs and investment in key sectors.
165 videos|297 docs|142 tests
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