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Features of Indian Economy

 Hi everyone. We all know that Indian Economy is an important part of different Govt examinations such as UPSC, RBI etc. In this post, I am going to discuss some salient features of the Indian Economy.  The features of the Indian economy are : Planned economy Dependence of population on agriculture Low per capita income Heavy population pressure Poverty and Inequality in income distribution A higher level of capital formation  India is a planned economy. Through planning the country sets its priorities first and provides the financial estimates to achieve the same. Accordingly, efforts are made to mobilise resources from various sources at the least cost. Several five-year plans have been formulated by the Planning Commission of India since 1951. On 15th August 2014, Hon'ble Prime Minister Mr Narendra Modi announced the dissolution of the Planning Commission, leading to another organization called the Niti Aayog.  Majority of India's working population depend on agri...
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Difference between types of soils in India

Hi everyone. In this post, I am going to discuss different types of soils that are found in India.  1.      Regur soil & Laterite soil Regur soil Laterite soil Black in colour Red in colour Rich in lime & Magnesium Poor in lime & Magnesium Very fertile Not fertile High moisture retention Low moisture retention 2.      Transported & in-situ soil Transported soil In-situ soil Another name ex-situ soil Another name Residual soil The soil is transported & deposited by river & wind The soil remains at the place of origin E.g. Alluvial soil e.g. Black soil 3.      Inland & Coastal alluvium Inland alluvium Coastal alluvium Mainly found in the river valleys Mainly found in the coastal region More f...
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Word List Govt Jobs 5

Hi everyone. This is another post in the category word list. As usual I shall list some words along with their meanings or synonyms. I do hope that you will find it useful in your preparation for various Govt. jobs (UPSC, LIC AAO, SSC CGL, Banks, PSUs etc.) where verbal reasoning plays a major role. Serial No. Word Meaning/Synonym 1 Abate Reduce, diminish 2 Abdicate Formally give up the throne or some other responsibility 3 Aberrant Abnormal, Deviant 4 Abjure Give up, renounce 5 Acme Peak, Highest point 6 Affable Warm and friendly, pleasant 7 Aggrandize Make greater, exaggerate 8 Alacrity Willingness 9 Ambivalent Uncertain, wanting to do two contradictory things at once 10 Anarchy Absence of law or Government, Chaos
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Differences between Digambara & Svetambara

Digambara Svetambara Meaning – sky-clad Meaning - white-clad Digambaras remain completely nude Svetambaras wear white cloths Digambara images of Tirthankaras have downcast eyes & simple naked figure Svetambara images of Tirthankaras have prominent staring eyes & richly decorated figure They believe that women can’t achieve nirvana directly They believe that women are equally capable of achieving liberation as a man They believe that Mahavira is a Bal Brahmachari They believe that Mahavira is married to the princess Yasoda & has a daughter Digambara monks are not allowed to possess anything. Svetambara monks are allowed to possess 14 specified things
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Differences between the Mahayana and Hinayana Buddhism

Hi Government job aspirants. In this post, I am going to discuss the differences between Mahayana and Hinayana Buddhism. For your convenience, I have noted down the differences in tabular form. Hope this is going to help you in your preparation for UPSC, SSC CGL and other various Govt job examinations. Hinayana Buddhism Mahayana Buddhism Hinayana means the smaller vehicle Mahayana means great vehicle Followed as teaching or philosophy Followed like a religion Followed mostly in Sri Lanka & S.E.Asia Followed mostly in India, China, Japan, Korea, Tibet Early texts were written in Pali language Early texts were written in the Sanskrit language Buddha is considered as a human being Buddha is worshipped like a God Followers don't engage in idol worship. Followers worship the idol.
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The first four Buddhist Councils

Name Time Period Place Presided by Purpose The First Buddhist Council In 483 BCE , immediately after the death of the Buddha At Saptaparni in Magadha Mahakassapa To maintain the purity of the Buddha’s teaching The Second Buddhist Council In 383 BCE , During the reign of Kalashoka At Vaishali Sabakami To end the controversy between the monks of various sects The Third Buddhist Council In 250 BCE , During the reign of Ashoka At Patliputra Moggaliputta Tissa To settle the dispute of Vinaya Pitaka The Fourth Buddhist Council In 100 CE , During the reign of Kanishka At Kundalavan in Kashmir Vasumitra To settle all the differences among the 18 sects of Buddhism
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