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The press council of India has suggested that Supreme Court of India frame guidelines for the media. Provide a critical evaluation of the suggestion.
The Press Council of India (PCI) suggested that the Supreme Court frame guidelines for the media as these would be in the interest of not only administration of justice and rights of the litigant public but also the media themselves. Point of view of PCI According to PCI, the media, both print and electronic, have be...
##Question:The press council of India has suggested that Supreme Court of India frame guidelines for the media. Provide a critical evaluation of the suggestion.##Answer:The Press Council of India (PCI) suggested that the Supreme Court frame guidelines for the media as these would be in the interest of not only administ...
5
Briefly explain the outcome of BRICS summit – 2012. Do you think that Global Politics is hijacking the core agenda of BRICS?
BRICS summit – 2012 - The fourth summit of BRICS largely focused on economic and development issues which included beginning the process for setting up a bank and inking two pacts to ease trade among each other. -The Delhi Declaration exhorted the World Bank and the International Monetary Fund to quickly realign the...
##Question:Briefly explain the outcome of BRICS summit – 2012. Do you think that Global Politics is hijacking the core agenda of BRICS?##Answer:BRICS summit – 2012 - The fourth summit of BRICS largely focused on economic and development issues which included beginning the process for setting up a bank and inking two ...
6
“Indo- China model can help improve the relations between India and Pakistan”. Discuss.
India and China have intensified efforts to iron out trade differences. A trade remedy joint working groupis set up with a mechanism to nip trade disputes in the bud. Although India has had several issues of discord with China, their trade ties are booming. Therefore it has been suggested that the India-China model ...
##Question:“Indo- China model can help improve the relations between India and Pakistan”. Discuss.##Answer:India and China have intensified efforts to iron out trade differences. A trade remedy joint working groupis set up with a mechanism to nip trade disputes in the bud. Although India has had several issues of dis...
7
Briefly examine the Kakodkar committee report on Railway Safety.
Kakodkar Committee on Railway Safety Kakodkar Committee on railway safety has just published its report, with plans that require an outlay of Rs. 1 lakh crore. These plans need huge sums which is being criticized as impractical. The Kakodkar Committee has made a number of references to “zero tolerance” to acciden...
##Question:Briefly examine the Kakodkar committee report on Railway Safety.##Answer:Kakodkar Committee on Railway Safety Kakodkar Committee on railway safety has just published its report, with plans that require an outlay of Rs. 1 lakh crore. These plans need huge sums which is being criticized as impractical. T...
8
Justice Bhandari
India's nominee Justice DalveerBhandari of the Supreme Court was elected to the post of Judge of the International Court of Justice (ICJ)
##Question:Justice Bhandari##Answer:India's nominee Justice DalveerBhandari of the Supreme Court was elected to the post of Judge of the International Court of Justice (ICJ)
9
Effective Revenue Deficit
Effective revenue deficitis arrived at by deducting from “the revenue deficit” all grants made — not only to state governments and constitutional authorities, but also to NGOs — for creation of capital assets not owned and held by the government. This innovation is being legalised by amending the FRBM Act.
##Question:Effective Revenue Deficit##Answer:Effective revenue deficitis arrived at by deducting from “the revenue deficit” all grants made — not only to state governments and constitutional authorities, but also to NGOs — for creation of capital assets not owned and held by the government. This innovation is being leg...
10
"The Continuance of British rule in India had demanded one strategy while the leaving of India demanded a totally different strategy". Discuss this statement in the light of Cabinet mission Plan and British Policy towards Congress and Muslim League.
Focus on Continuance of British rule demanded- Divide and Rule- Split the Hindus and Muslims, Moderates and Extremists But while leaving India the British wanted to leave back a united India as is apparent from The Cabinet Mission Plan. Discuss the differing interpretations of Congress and Muslim League regarding t...
##Question:"The Continuance of British rule in India had demanded one strategy while the leaving of India demanded a totally different strategy". Discuss this statement in the light of Cabinet mission Plan and British Policy towards Congress and Muslim League. ##Answer:Focus on Continuance of British rule demanded- D...
11
Short history of the Local Self-Government till the Reforms of 1919.
In 1870 Viceroy Lord Mayo's Resolution (for decentralisation of power to bring about administrative efficiency in meeting people's demand and to add to the finances of colonial regime) gave the needed impetus to the development of local institutions. It was a landmark in the evolution of colonial policy towards local g...
##Question:Short history of the Local Self-Government till the Reforms of 1919.##Answer:In 1870 Viceroy Lord Mayo's Resolution (for decentralisation of power to bring about administrative efficiency in meeting people's demand and to add to the finances of colonial regime) gave the needed impetus to the development of l...
12
Contribution of Tribal uprisings in creating awareness against the British rule during the nineteenth century.
Focus on Which all Tribal Uprisings: Santhal, Kol, Ulgulan; Areas effected, Main heroes; Their main causes: Land, Exploitation; Source of Political education, tribal unification, formulation of demands, Source of Tribal Identity Main reasons for failure: Not armed with latest weapons, Not organised, No central lea...
##Question:Contribution of Tribal uprisings in creating awareness against the British rule during the nineteenth century. ##Answer:Focus on Which all Tribal Uprisings: Santhal, Kol, Ulgulan; Areas effected, Main heroes; Their main causes: Land, Exploitation; Source of Political education, tribal unification, formul...
13
Revolutionary Terrorism in 1920s
Focus on Why Revolutionary Terrorism: Failure of Non Cooperation, Russian Inspiration etc Main Heroes; Main Organizations: HRA, HSRA etc Main activities: Kakori, Meerut Conspiracy, Murder of Saunders, Bomb in Assembly etc Achievements: unification of younger brigade, awareness
##Question:Revolutionary Terrorism in 1920s ##Answer:Focus on Why Revolutionary Terrorism: Failure of Non Cooperation, Russian Inspiration etc Main Heroes; Main Organizations: HRA, HSRA etc Main activities: Kakori, Meerut Conspiracy, Murder of Saunders, Bomb in Assembly etc Achievements: unification of younger br...
14
"A Nation in Making": Surendranath Banerjee
Autobiography of SurendraNath banerjee Outlines the struggle of Surendranath Banerjee and his Political Ideas. His Political Ideas given in this book: He was an admirer of British. He had faith in Constitutional methods. Lover of Liberty. Faith in India’s past.
##Question:"A Nation in Making": Surendranath Banerjee ##Answer:Autobiography of SurendraNath banerjee Outlines the struggle of Surendranath Banerjee and his Political Ideas. His Political Ideas given in this book: He was an admirer of British. He had faith in Constitutional methods. Lover of Liberty. Faith in I...
15
Positive effects of the Ghadar Movement
Focus on Creation of awareness of the Indian Independence cause in the West Positive impetus to Sikhs’ morale as most Sikhs were serving in British armies Unification of many later day heroes of Indian Independence Movement
##Question:Positive effects of the Ghadar Movement ##Answer:Focus on Creation of awareness of the Indian Independence cause in the West Positive impetus to Sikhs’ morale as most Sikhs were serving in British armies Unification of many later day heroes of Indian Independence Movement
16
Namdhari Movement
The Namdhari movement was founded by Baba Ram Singh in 1857 as one of the most influential and transitional socio-religious movements in Punjab. The Namdharis were required to wear the five symbols of Sikhism, with the only exception of the Kripan (sword). However, they were required to keep a Lathi (bamboos stave) wi...
##Question:Namdhari Movement ##Answer:The Namdhari movement was founded by Baba Ram Singh in 1857 as one of the most influential and transitional socio-religious movements in Punjab. The Namdharis were required to wear the five symbols of Sikhism, with the only exception of the Kripan (sword). However, they were requi...
17
Karachi Session of Indian National Congress, 1931
Presided by Sardar Patel In 1931, the Indian National Congress, at its Karachi session, adopted resolutions defining, as well as committing itself to the defence of fundamental civil rights, including socio-economic rights such as minimum wage, the abolition of untouchability and serfdom. Pandit Jawaharlal Nehru draft...
##Question:Karachi Session of Indian National Congress, 1931 ##Answer:Presided by Sardar Patel In 1931, the Indian National Congress, at its Karachi session, adopted resolutions defining, as well as committing itself to the defence of fundamental civil rights, including socio-economic rights such as minimum wage, the ...
18
Sohan Singh Bhakna
Baba Sohan Singh Bhakna (1870–1968) was as Indian revolutionary, the founding president of the Ghadar Party, and a leading member of the party involved in the Ghadar Conspiracy of 1915.
##Question:Sohan Singh Bhakna ##Answer:Baba Sohan Singh Bhakna (1870–1968) was as Indian revolutionary, the founding president of the Ghadar Party, and a leading member of the party involved in the Ghadar Conspiracy of 1915.
19
Madan Lal Dhingra
Madan Lal Dhingra was an Indian revolutionary freedom fighter.While studying in England, he assassinated Sir William Hutt Curzon Wyllie, a British official, hailed as one of the first acts of revolution in the Indian independence movement in the 20th century
##Question:Madan Lal Dhingra ##Answer:Madan Lal Dhingra was an Indian revolutionary freedom fighter.While studying in England, he assassinated Sir William Hutt Curzon Wyllie, a British official, hailed as one of the first acts of revolution in the Indian independence movement in the 20th century
20
Gandhara School of Art
A consequence of merger of Greek, Syrian, Persian and Indian art traditions. The development of this form of art started in Parthian Period(50BC – 75AD). Gandh?ran style flourished and achieved its peak during the Kushan period from 1st Century to 5th Century.
##Question:Gandhara School of Art ##Answer:A consequence of merger of Greek, Syrian, Persian and Indian art traditions. The development of this form of art started in Parthian Period(50BC – 75AD). Gandh?ran style flourished and achieved its peak during the Kushan period from 1st Century to 5th Century.
21
Shab e barat
15th Night of the 8th Month of Islamic calendar. Regarded as an auspicious night by Muslims and celebrated throughout the Indian subcontinent.
##Question:Shab e barat ##Answer:15th Night of the 8th Month of Islamic calendar. Regarded as an auspicious night by Muslims and celebrated throughout the Indian subcontinent.
22
Dr Satyapal
Strong patriot. In his political views he was a progressive nationalist who believed in peaceful and constitutional methods. Key role played by him in the patriotic upsurge at Amritsar immediately before the Jallianwala Bagh tragedy (1919).
##Question:Dr Satyapal ##Answer:Strong patriot. In his political views he was a progressive nationalist who believed in peaceful and constitutional methods. Key role played by him in the patriotic upsurge at Amritsar immediately before the Jallianwala Bagh tragedy (1919).
23
The British weakness led to the independence of India in 1947 rather than the strength of Indian nationalism. Critically examine.
Start from the World War II (1939) to 1947. In early 1942, the war situation compelled the British to open talks with the Indian leaders. The British forces had suffered heavy defeats at the hands of Japanese army. All proposals of British Government came as a result of loss of British paramountcy.(mention briefly 3...
##Question:The British weakness led to the independence of India in 1947 rather than the strength of Indian nationalism. Critically examine.##Answer:Start from the World War II (1939) to 1947. In early 1942, the war situation compelled the British to open talks with the Indian leaders. The British forces had suffered...
24
The responsibility for the failure of the Wavell Plan 1945 lies partly on Lord Wavell himself and partly on Mr. Jinnah. Discuss
First give brief background of Wavell Plan 1945. Why failed (specially Wavell himself and Jinnah)- Jinnah called it as death warrant due to being reduced to minority of One third Lord Wavell had not taken the leaders into confidence as regards the composition of his own list of members of executive council. Lord W...
##Question:The responsibility for the failure of the Wavell Plan 1945 lies partly on Lord Wavell himself and partly on Mr. Jinnah. Discuss##Answer:First give brief background of Wavell Plan 1945. Why failed (specially Wavell himself and Jinnah)- Jinnah called it as death warrant due to being reduced to minority of O...
25
“The nineteenth century reform movements improved the condition of Hindu Women.” Critically examine.
Degrade position of women due to –Purdah system, early marriage, lack of education, unequal right in marrying, polyandry, female infanticide, sati system. Discuss the various social reform movements in background of this and how they contributed to improve the women condition. The Social reform movement played a vit...
##Question:“The nineteenth century reform movements improved the condition of Hindu Women.” Critically examine.##Answer: Degrade position of women due to –Purdah system, early marriage, lack of education, unequal right in marrying, polyandry, female infanticide, sati system. Discuss the various social reform movements...
26
The policy of Moderates leaders was criticised as ‘Political mendicancy’. Elaborate
Extremist leader criticised moderates policy as political mendicancy or tea party politics. They demanded a few concession and not freedom. They never demanded representative institutions for masses but representative institutions of modified character for educated community. Their demands were always worded in pra...
##Question:The policy of Moderates leaders was criticised as ‘Political mendicancy’. Elaborate##Answer:Extremist leader criticised moderates policy as political mendicancy or tea party politics. They demanded a few concession and not freedom. They never demanded representative institutions for masses but representat...
27
Top Extremist Leaders differed in their emphasis on political ideals and practical course of action. Discuss
Top extremist leaders- Aurobindo Ghosh, Tilak and Lala lajpat Rai differed in their emphasis on political ideas and political course of action. Tilak’s conception of ‘swaraj’ means some short of self government while Aurobindo conceived of Swaraj as complete independence from foreign rule. Tilak’s revolutionary ferv...
##Question:Top Extremist Leaders differed in their emphasis on political ideals and practical course of action. Discuss##Answer:Top extremist leaders- Aurobindo Ghosh, Tilak and Lala lajpat Rai differed in their emphasis on political ideas and political course of action. Tilak’s conception of ‘swaraj’ means some shor...
28
The emergence of Left Ideology
- The 20’s and 30’s of the 20th century witnessed the development of the Left Ideologies and a powerful Socialist trend developed in the nationalist movement. The communist Party of India came into existence. - The socialist Ideas influenced national leaders like Jawaharlal Nehru, Subhash Chandra Bose, a large number ...
##Question:The emergence of Left Ideology##Answer:- The 20’s and 30’s of the 20th century witnessed the development of the Left Ideologies and a powerful Socialist trend developed in the nationalist movement. The communist Party of India came into existence. - The socialist Ideas influenced national leaders like Jawah...
29
Significance of Quit India Movement
Easy question can be answered by picking up any standard book.
##Question:Significance of Quit India Movement##Answer:Easy question can be answered by picking up any standard book.
30
“There is great potential in BRICS member countries for not just combining to address global issues but, perhaps even more significantly, for learning from one another.” Comment on the statement in the backdrop of BRICS Summit,2012 held in New Delhi.
Recent Agreements in New Delhi which reflect that BRICS can play a major role in addressing global issues - Making a strong statement on Iran and adopting a middle-of-the-road resolution on Syria Working together to push for a different global financial architecture An agreement to encourage trade denominated in ...
##Question:“There is great potential in BRICS member countries for not just combining to address global issues but, perhaps even more significantly, for learning from one another.” Comment on the statement in the backdrop of BRICS Summit,2012 held in New Delhi.##Answer: Recent Agreements in New Delhi which reflect that...
31
Comment on the guidelines recently issued by the Ministry of Culture on the sale and auction of memorabilia
Periodic attempts are made by certain persons/agencies/organizations to gain commercial profit from the international auction of art, antiquities and other objects of importance to the nation and its people. A campaign is normally launched a few days/weeks in advance, by drawing the attention of the media to the fact t...
##Question:Comment on the guidelines recently issued by the Ministry of Culture on the sale and auction of memorabilia##Answer:Periodic attempts are made by certain persons/agencies/organizations to gain commercial profit from the international auction of art, antiquities and other objects of importance to the nation ...
32
India recently voted against Srilanka on UN Human Right Council’s resolution. What was rational behind India’s vote and what impact it may have on India-SriLanka relationships ?
UNHRC’s resolution called for accountability on part of the Sri Lankan government to the widespread human rights violations during the final phases of the war against LTTE in 2009, and India voted against Srilanka in the favour of resolution. Rational behind India’s Vote o It is assumed that India's vote was heavil...
##Question:India recently voted against Srilanka on UN Human Right Council’s resolution. What was rational behind India’s vote and what impact it may have on India-SriLanka relationships ?##Answer: UNHRC’s resolution called for accountability on part of the Sri Lankan government to the widespread human rights violation...
33
“The Seoul Summit, 2012 basically consolidated the commitments made in Washington in 2010.” In context of the above statement, bring out the global initiatives and particularly India’s stand towards international security issues.
There are a number of points particularly worthy of note in the Seoul Communiqué in Nuclear Security Summit 2012 o The Seoul Communiqué builds on the objectives and measures set out in the 2010 Washington Communiqué to identify 11 areas of priority in nuclear security. o It provides important timelines for advancin...
##Question:“The Seoul Summit, 2012 basically consolidated the commitments made in Washington in 2010.” In context of the above statement, bring out the global initiatives and particularly India’s stand towards international security issues.##Answer: There are a number of points particularly worthy of note in the Seoul ...
34
What are the major recommendations of M V Nair report regarding priority sector lending ?
M V Nair committe has reviewed the existing guidelines on lending to priority sector categories including agriculture, MSME and export. Their recommendations are - o The sector ‘agriculture and allied activities’ maybe a composite sector within priority sector, by doing away with distinction between direct and indir...
##Question:What are the major recommendations of M V Nair report regarding priority sector lending ?##Answer: M V Nair committe has reviewed the existing guidelines on lending to priority sector categories including agriculture, MSME and export. Their recommendations are - o The sector ‘agriculture and allied activit...
35
“Government must act as the guarantor of universal health coverage” Elaborate more on the given statement along with the recommendations made by a High Level Expert Group (HLEG) on Universal Health Coverage (UHC), constituted by the Planning Commission.
UHC should not only be developmental priority but it should be moral responsibility of Government. India has a poor record of 1.2% of GDP spending in health sector and out of pocket expenditure on health remains very high at 71 % of all spending. Apart from improving people's health, adopting UHC is likely to generate ...
##Question:“Government must act as the guarantor of universal health coverage” Elaborate more on the given statement along with the recommendations made by a High Level Expert Group (HLEG) on Universal Health Coverage (UHC), constituted by the Planning Commission. ##Answer:UHC should not only be developmental priority ...
36
Write about objectives and functions of Afro-Asian Rural Development Organization.
AARDO is to strengthen cooperation between Asia and Africa in the field of rural development. AARDO in its New Delhi Declaration of 2007 undertook to achieve the internationally agreed Millennium Development Goals (MDGs) ? It helps in initiating new programmes such as ? new training courses, ? development pilot ...
##Question:Write about objectives and functions of Afro-Asian Rural Development Organization. ##Answer: AARDO is to strengthen cooperation between Asia and Africa in the field of rural development. AARDO in its New Delhi Declaration of 2007 undertook to achieve the internationally agreed Millennium Development Goals ...
37
Write a short note on “Washington Accord” and why it has been in news in India ?
The Washington Accordis an international accreditation agreementfor professional engineering academic degrees,between the bodies responsible for accreditation in its signatory countries.The agreement recognizes that there is substantial equivalency of programs accredited by those signatories. In India NBA(National Bo...
##Question:Write a short note on “Washington Accord” and why it has been in news in India ?##Answer:The Washington Accordis an international accreditation agreementfor professional engineering academic degrees,between the bodies responsible for accreditation in its signatory countries.The agreement recognizes that th...
38
Objectives of “National Monsoon Mission”
(i) To build a working partnership between the academic and R&D organisations both national and international and the operational agencies to improve the operational monsoon forecast skill over the country. (ii) To set up a state of the art dynamic modelling framework for improving the prediction skill of: a. Seasona...
##Question:Objectives of “National Monsoon Mission”##Answer:(i) To build a working partnership between the academic and R&D organisations both national and international and the operational agencies to improve the operational monsoon forecast skill over the country. (ii) To set up a state of the art dynamic modelling ...
39
Blue-Fi
A combination of Bluetooth and Wi-Fi that will provide passengers at railway station with a wealth of information, recently launched at Banglore. (23 words)
##Question:Blue-Fi##Answer:A combination of Bluetooth and Wi-Fi that will provide passengers at railway station with a wealth of information, recently launched at Banglore. (23 words)
40
Land Port
An area on the international borders of India notified as land customs station with facilities for clearance and transport of passengers and goods across the borders of India eg ICP Attari (31 words)
##Question:Land Port##Answer:An area on the international borders of India notified as land customs station with facilities for clearance and transport of passengers and goods across the borders of India eg ICP Attari (31 words)
41
RuPay
RuPay is the Indian domestic card payment network mainly to reduce overall transaction cost for the banks in India. (19 words)
##Question:RuPay##Answer:RuPay is the Indian domestic card payment network mainly to reduce overall transaction cost for the banks in India. (19 words)
42
To commemorate the 150th Birth Anniversary of Gurudev Rabindranath Tagore, the Government of India has started celebrations to pay homage to the great poet-philosopher. Discuss the Projects and Schemes announced as part of this commemoration.
Schemes and Projects announced were as follows: Tagore National Fellowship for Cultural Research: With a view to infuse fresh knowledge capital into the institutions, the scheme expects selected scholars/academicians to select specific resources of certain selected institutions to take up projects and research work tha...
##Question:To commemorate the 150th Birth Anniversary of Gurudev Rabindranath Tagore, the Government of India has started celebrations to pay homage to the great poet-philosopher. Discuss the Projects and Schemes announced as part of this commemoration.##Answer:Schemes and Projects announced were as follows: Tagore ...
43
“The Indian Literature Abroad (ILA) project seeks to open windows to the polyphonic voices coming out of India.” Elaborate.
While Indian literature in English is widely read and appreciated, the vibrant writing in the various Indian languages is not currently accessible to the rest of the world due to a lack of quality translations and focused promotion. ILA aims to correct this imbalance by projecting and promoting the plural Indian litera...
##Question:“The Indian Literature Abroad (ILA) project seeks to open windows to the polyphonic voices coming out of India.” Elaborate. ##Answer:While Indian literature in English is widely read and appreciated, the vibrant writing in the various Indian languages is not currently accessible to the rest of the world due...
44
What are the functions of the Children's Film Society India (CFSI)?
Functions can be classified under three areas: (a) Production: features, shorts, animations in many diverse languages. Many of these films have won prestigious national and international awards. Projects submissions are accepted and projects are awarded to independent film makers based on the merit of their sc...
##Question:What are the functions of the Children's Film Society India (CFSI)? ##Answer:Functions can be classified under three areas: (a) Production: features, shorts, animations in many diverse languages. Many of these films have won prestigious national and international awards. Projects submissions are accep...
45
Enumerate and discuss briefly the Sadanga of Indian painting.
Around 1st century BC the Sadanga or Six Limbs of Indian Painting, were evolved, a series of canons laying down the main principles of the art. Vatsyayana, who lived during the third century A.D., enumerates these in his Kamasutra having extracted them from still more ancient works. These 'Six Limbs' are as follows:...
##Question:Enumerate and discuss briefly the Sadanga of Indian painting. ##Answer:Around 1st century BC the Sadanga or Six Limbs of Indian Painting, were evolved, a series of canons laying down the main principles of the art. Vatsyayana, who lived during the third century A.D., enumerates these in his Kamasutra havin...
46
The major vocal forms of Hindustani Classical Music are Dhrupad, Khyal and Tarana. Elaborate.
Dhrupad: said to be the oldest still in use in that musical tradition performed by a solo singer or a small number of singers in unison to the beat of the pakhavaj/mridang The text is preceded by a wholly improvised section, the alap. There are said to be four broad stylistic variants (vanis or banis) of classical dh...
##Question:The major vocal forms of Hindustani Classical Music are Dhrupad, Khyal and Tarana. Elaborate.##Answer:Dhrupad: said to be the oldest still in use in that musical tradition performed by a solo singer or a small number of singers in unison to the beat of the pakhavaj/mridang The text is preceded by a wholly ...
47
Inter-State Cultural Exchange Programme
Following points must be mentioned Funded and administered by the Sangeet Natak Akademi in cooperation with State Governments/ Union Territories. Directed towards promoting mutual appreciation and understanding of diverse heritage of performing arts, making performing arts programs accessible to large cross-section of...
##Question:Inter-State Cultural Exchange Programme##Answer:Following points must be mentioned Funded and administered by the Sangeet Natak Akademi in cooperation with State Governments/ Union Territories. Directed towards promoting mutual appreciation and understanding of diverse heritage of performing arts, making pe...
48
Sattriya Kendra
Sattriya dance form was created by the Assamese Vaishnav saint Srimanta Sankardeva, in 15th century Assam. This kendra is situated in Guwahati and serves as a focal center for training, production, performance, research, documentation and publication support to the entire field of Sattriya dance, Music and Theatre. It ...
##Question:Sattriya Kendra ##Answer:Sattriya dance form was created by the Assamese Vaishnav saint Srimanta Sankardeva, in 15th century Assam. This kendra is situated in Guwahati and serves as a focal center for training, production, performance, research, documentation and publication support to the entire field of Sa...
49
Puppet forms of India
(1) String Puppets: Kath-putli (Rajasthan), Kundhei (Odhisha), Gombeytta (Karnataka), Bommalattam (Tamilnadu); (2) Shadow Puppets: Togalu Gombeytta (Karnataka), Tholu Bommalattam (Tamilnadu), Ravanachhaya (Odisha) etc. (3) Glove Puppets: Pavakoothu (Kerala) (4) Rod Puppets: Putul Nautch (West Bengal), Yampuri (Bihar) e...
##Question:Puppet forms of India ##Answer:(1) String Puppets: Kath-putli (Rajasthan), Kundhei (Odhisha), Gombeytta (Karnataka), Bommalattam (Tamilnadu); (2) Shadow Puppets: Togalu Gombeytta (Karnataka), Tholu Bommalattam (Tamilnadu), Ravanachhaya (Odisha) etc. (3) Glove Puppets: Pavakoothu (Kerala) (4) Rod Puppets: Put...
50
Categories of Musical Instruments of India
In the Natya Shastra, compiled by Bharat Muni dated 200 B.C.-200 A.D., musical instruments have been divided into four main categories on the basis of how sound is produced. (i) The Tata Vadya or Chordophones- Stringed instruments (ii) The Sushira Vadya or Aerophones- Wind instruments (iii) The Avanaddha Vadya or Membr...
##Question:Categories of Musical Instruments of India ##Answer:In the Natya Shastra, compiled by Bharat Muni dated 200 B.C.-200 A.D., musical instruments have been divided into four main categories on the basis of how sound is produced. (i) The Tata Vadya or Chordophones- Stringed instruments (ii) The Sushira Vadya or ...
51
Functions of the Centre for Cultural Resources and Training (CCRT)
The main function of the Centre for Cultural Resources and Training (CCRT) is to conduct a variety of trainingprogrammes for in-service teachers drawn from all parts of the country. It also organizes various educational activities for school students, teachers and children belonging to governmental and non-governmental...
##Question:Functions of the Centre for Cultural Resources and Training (CCRT) ##Answer:The main function of the Centre for Cultural Resources and Training (CCRT) is to conduct a variety of trainingprogrammes for in-service teachers drawn from all parts of the country. It also organizes various educational activities fo...
52
Totaram Sharma
Totaram Sharma is a Pakhawaj exponent. He won the Sangeet Natak Akademi award for 2011.
##Question:Totaram Sharma ##Answer:Totaram Sharma is a Pakhawaj exponent. He won the Sangeet Natak Akademi award for 2011.
53
Surbahar
Surbahar is a plucked string instrument used in the Hindustani classical music. It is closely related to Sitar, but has a lower tone. (Note: Pushpraj Koshti, a Surbahar exponent won the Sangeet Natak Akademi Award for 2011).
##Question:Surbahar##Answer:Surbahar is a plucked string instrument used in the Hindustani classical music. It is closely related to Sitar, but has a lower tone. (Note: Pushpraj Koshti, a Surbahar exponent won the Sangeet Natak Akademi Award for 2011).
54
Seshampatti Sivalingam
S. Sivalingam is a Nadaswaram exponent. He won the Sangeet Natak Akademi award for 2011
##Question:Seshampatti Sivalingam ##Answer:S. Sivalingam is a Nadaswaram exponent. He won the Sangeet Natak Akademi award for 2011
55
Vikram Gokhale
Vikram Gokhale is a well-known film, television and stage actor. He won the Sangeet Natak Akademi Award for 2011 in the field of Theatre (acting).
##Question:Vikram Gokhale ##Answer:Vikram Gokhale is a well-known film, television and stage actor. He won the Sangeet Natak Akademi Award for 2011 in the field of Theatre (acting).
56
Gopal Chandra Panda
Panda is an Odissi exponent. He won the Sangeet Natak Akademi award for 2011.
##Question:Gopal Chandra Panda ##Answer:Panda is an Odissi exponent. He won the Sangeet Natak Akademi award for 2011.
57
The Meerut Conspiracy Trial
The Meerut conspiracy trial was held in India from 1929 and lasted for nearly three years. More than 30 trade union, socialist and communist activists were tried, three of them Britons, they had been arrested following a wave of strikes in India and charged under the Indian penal code.
##Question:The Meerut Conspiracy Trial##Answer:The Meerut conspiracy trial was held in India from 1929 and lasted for nearly three years. More than 30 trade union, socialist and communist activists were tried, three of them Britons, they had been arrested following a wave of strikes in India and charged under the India...
58
"Equity in PSUs essentially belongs to the people. In the absence of wider national consensus, a mere government decision to disinvest is not enough to carry out the sale of people's assets" Discuss
Disinvestment is a procedure whereby some parts of public sector enterprises (PSEs) are sold to private organizations or individuals. Indian govt has followed the policy of partial disinvestment whereby the government still retains effective control by holding 51 per cent or more of equity. ·The fixation of share/bon...
##Question:"Equity in PSUs essentially belongs to the people. In the absence of wider national consensus, a mere government decision to disinvest is not enough to carry out the sale of people's assets" Discuss##Answer: Disinvestment is a procedure whereby some parts of public sector enterprises (PSEs) are sold to priva...
274
Some economic thinkers argue that Indian economy has now become a squeaking mouse from lumbering elephant. Discuss the stand and throw light on Indian Economy's state and challenges lying ahead.
·With 6.5 % growth in 2011-12 and 5.3 % in the last quarter of the fiscal, it is seen as the lumbering elephant has now become a squeaking mouse. Surely today Indian economy is facing many challenges. ·First, there is the inflation (around 9%) , mainly in three components - manufactured, agro and commodities. The ma...
##Question:Some economic thinkers argue that Indian economy has now become a squeaking mouse from lumbering elephant. Discuss the stand and throw light on Indian Economy's state and challenges lying ahead.##Answer: ·With 6.5 % growth in 2011-12 and 5.3 % in the last quarter of the fiscal, it is seen as the lumbering e...
275
"The welfare of a nation can scarcely be inferred from a measurement of national income". Discuss the limitations of GDP/GNP and suggest some alternatives to GDP/GNP?
· Limitations · GDP/GNP may be an extremely useful economic indicator, but it ignores many factors important to the well-being of a society. ·The growth rate says nothing about the distribution of wealth in a country, the state of health of its citizens or their life expectancy, education level etc. ·There is also ...
##Question:"The welfare of a nation can scarcely be inferred from a measurement of national income". Discuss the limitations of GDP/GNP and suggest some alternatives to GDP/GNP?##Answer: · Limitations · GDP/GNP may be an extremely useful economic indicator, but it ignores many factors important to the well-being of a...
276
For the National Manufacturing Policy (NMP) to successfully meet its stated objectives, several policy measures need to be pursued. Comment.
·The NMP aims at: (i) increasing manufacturing-sector growth to 12-14 per cent over the medium term; (ii) enabling manufacturing to contribute at least 25% of GDP; (iii) create 100 million additional jobs in the manufacturing sector by 2022; (iv) create appropriate skill-sets among the rural migrant and urban poor for...
##Question:For the National Manufacturing Policy (NMP) to successfully meet its stated objectives, several policy measures need to be pursued. Comment.##Answer: ·The NMP aims at: (i) increasing manufacturing-sector growth to 12-14 per cent over the medium term; (ii) enabling manufacturing to contribute at least 25% of ...
277
Comment on the usefulness of a law like GAAR in the current globalised world.What in you opinion are necessary steps that the Government must take to avoid the misuse of Tax laws in the country
*GAAR aims to target tax evaders, partly by stopping Indian companies and investors from routing investments through Mauritius or other tax havens for the sole purpose of avoiding taxes. * However, the ambiguous language, the lack of details, and the sudden onset of the provisions have been among the factors that have...
##Question:Comment on the usefulness of a law like GAAR in the current globalised world.What in you opinion are necessary steps that the Government must take to avoid the misuse of Tax laws in the country##Answer:*GAAR aims to target tax evaders, partly by stopping Indian companies and investors from routing investment...
278
The international monetary institutions are instruments for extension of western ideology which is reflected in their non democratic setup. comment. how far has the new economic order been successful in changing the above.?
·The international monetary structure has remained largely static since the mid-20th century rather than evolving with the changing power realities and challenges. ·The international monetary institutions like IMF and World Bank, they are not adequately represented and most of the developing countries don’t have a sa...
##Question:The international monetary institutions are instruments for extension of western ideology which is reflected in their non democratic setup. comment. how far has the new economic order been successful in changing the above.?##Answer: ·The international monetary structure has remained largely static since the ...
279
Examine the trends that India's International Trade (in goods) has witnessed in the areas of Trade Composition and Direction of Trade over the past decade.
Trade Composition consists of (a) Export Composition: (Descending order) Engineering Goods, Petroleum, Crude and Products, Gems & Jewellery, Chemicals and Textiles – share of manufactures and primary prodcuts have fallen down whereas the share of Engineering Goods and Petroleum has been steadily increasing; (b) Import ...
##Question:Examine the trends that India's International Trade (in goods) has witnessed in the areas of Trade Composition and Direction of Trade over the past decade. ##Answer:Trade Composition consists of (a) Export Composition: (Descending order) Engineering Goods, Petroleum, Crude and Products, Gems & Jewellery, Ch...
280
Second generation economic reforms are the only solution to save Indian growth story...comment
Give an overview of economic growth over the last few years - 2008-2009 and 2011-2012 have witnessed slower growth. Growth in 2011-2012 has been the lowest in nine years (not considering 2008-2009). Reasons for slow economic growth - Global factors: crisis in Eurozone, slow growth in many other countries such as USA,...
##Question:Second generation economic reforms are the only solution to save Indian growth story...comment##Answer: Give an overview of economic growth over the last few years - 2008-2009 and 2011-2012 have witnessed slower growth. Growth in 2011-2012 has been the lowest in nine years (not considering 2008-2009). Reaso...
281
what in your opinion should be the priority- maintaining growth or checking inflation? Why monetary policy isn't able to check inflation ?
Managing growth and price stability are the two major challenges of macroeconomic policymaking. Both these objectives may be conflicting - growth needs availability of capital on easier terms and more liquidity; however this is likely to fuel excess demand which may result in fuelling price-rise. 2011-2012 began wit...
##Question:what in your opinion should be the priority- maintaining growth or checking inflation? Why monetary policy isn't able to check inflation ?##Answer: Managing growth and price stability are the two major challenges of macroeconomic policymaking. Both these objectives may be conflicting - growth needs availabi...
282
Analyze impact of India and other countries as well signing multiple FTAs on WTO.
Afree-trade area(FTA) is atrade blocwhose member countries have signed afree-trade agreement(FTA), which eliminatestariffs,import quotas, and preferences on most (if not all)goodsand services traded between them. A FTA may be bilateral or multi-lateral. It is estimated that an average WTO member is party to more than...
##Question:Analyze impact of India and other countries as well signing multiple FTAs on WTO.##Answer: Afree-trade area(FTA) is atrade blocwhose member countries have signed afree-trade agreement(FTA), which eliminatestariffs,import quotas, and preferences on most (if not all)goodsand services traded between them. A FT...
283
Is post facto Tax legislation an intelligent or a lame idea.Comment in the light of Vodafone case
Include : Background of Vodafone Case: The Hutch-Vodafone deal took place in 2007 that involved the transfer of shares of a foreign company outside India, which indirectly held the shares of an Indian company. In one of India's biggest tax controversies, the Tax Authority is demanding approximately US$2.5 billion in ...
##Question:Is post facto Tax legislation an intelligent or a lame idea.Comment in the light of Vodafone case##Answer:Include : Background of Vodafone Case: The Hutch-Vodafone deal took place in 2007 that involved the transfer of shares of a foreign company outside India, which indirectly held the shares of an Indian c...
284
Recently a fine was imposed on Barclays Bank for manipulation of LIBOR and EURIBOR rates. Discuss the issue and its global implications.
Libor, the London inter-bank lending rate, is considered to be one of the most crucial interest rates in finance. Barclays was fined £290m after some of its derivatives traders were found to have attempted to rig this key rate. The scandal has forced Barclays chief executive Bob Diamond to resign, while chairman Marcus...
##Question:Recently a fine was imposed on Barclays Bank for manipulation of LIBOR and EURIBOR rates. Discuss the issue and its global implications.##Answer:Libor, the London inter-bank lending rate, is considered to be one of the most crucial interest rates in finance. Barclays was fined £290m after some of its derivat...
285
After 18 years of dithering and doubts, the Russian Parliament voted to ratify WTO entry, in principle guaranteeing Russian products access to world markets. Would this benefit WTO and BRICs? Discuss.
With Brazil, India and China already members, Russia will soon become the final BRIC in the global-trade club. This offers the country a fresh chance at industrial modernisation after two decades which started with chaotic reform and ended with spiraling corruption — and were marked throughout by perilous dependence on...
##Question:After 18 years of dithering and doubts, the Russian Parliament voted to ratify WTO entry, in principle guaranteeing Russian products access to world markets. Would this benefit WTO and BRICs? Discuss.##Answer:With Brazil, India and China already members, Russia will soon become the final BRIC in the global-t...
286
Write down the initiatives proposed by Planning Commission for Social Development in 12th FYP.
Include the following points: Higher Education- NCHER to be made, developing a Research Culture Encouraging Private Participation in Education- Private sector growth in higher education (including technical) should be facilitated and innovative Public?Private Partnerships (PPP) should be explored and developed in th...
##Question:Write down the initiatives proposed by Planning Commission for Social Development in 12th FYP.##Answer:Include the following points: Higher Education- NCHER to be made, developing a Research Culture Encouraging Private Participation in Education- Private sector growth in higher education (including techni...
287
Discuss the Administrative, Fiscal and Monetary measures taken by the government and RBI to contain Food Inflation.
·Fiscal Measures: (a) Reduction in import duties to zero for cereals and edible oils; (b) National Dairy Development Board (NDDB) was permitted to import milk substitutes; (c) NAFED was allowed to import sugar. These measures aimed at increasing supply of those commodities whose prices witnessed rapid increase Admin...
##Question:Discuss the Administrative, Fiscal and Monetary measures taken by the government and RBI to contain Food Inflation. ##Answer: ·Fiscal Measures: (a) Reduction in import duties to zero for cereals and edible oils; (b) National Dairy Development Board (NDDB) was permitted to import milk substitutes; (c) NAFED w...
288
Discuss the steps taken by RBI and government to stabilize the value of Indian Rupee.
·The positive as well as negative impact of slide in value of India Rupee must be mentioned. These steps can be mentioned: (a) Measures to increase supply of foreign exchange: by relaxing conditions for trade credit and ECB; by increasing the FII limit for investment in government securities and corporate bonds by US ...
##Question:Discuss the steps taken by RBI and government to stabilize the value of Indian Rupee. ##Answer: ·The positive as well as negative impact of slide in value of India Rupee must be mentioned. These steps can be mentioned: (a) Measures to increase supply of foreign exchange: by relaxing conditions for trade cred...
289
The Public Health Foundation of India (PHFI) completed five years of its establishment in 2011. Discuss the mandate of PHFI.
·Define Public Health ("the science and art of preventing disease, prolonging life and promoting health through the organized efforts and informed choices of society, organizations, public and private, communities and individuals"). The PHFI is working towards building public health capacity by: Establishing a network...
##Question:The Public Health Foundation of India (PHFI) completed five years of its establishment in 2011. Discuss the mandate of PHFI. ##Answer: ·Define Public Health ("the science and art of preventing disease, prolonging life and promoting health through the organized efforts and informed choices of society, organi...
290
Discuss the recommendations of Rangarajan Panel on public expenditure with special emphasis on Plan and Non Plan expenditure.
Doing away with the Plan and Non-plan expenditure - define plan and non-plan expenditure. 'Plan' expenditure is spent on productive asset creation through central government-sponsored programmes and flagship schemes, while 'non-Plan' refers to all other expenditures, such as those on defence, subsidies and interest pa...
##Question:Discuss the recommendations of Rangarajan Panel on public expenditure with special emphasis on Plan and Non Plan expenditure.##Answer: Doing away with the Plan and Non-plan expenditure - define plan and non-plan expenditure. 'Plan' expenditure is spent on productive asset creation through central government-...
291
Examine the role and status of "Small Savings" in Indian Economy. What are the recommendation of Shyamala Gopinath Committee on Small Savings to revitalize this sector?
Role of Saving Schemes in India Savingshas an important place in the mobilization of resources for development expenditure because the investors would get back their money along with some interest and save paying it as outright tax. Further in a developing economy in which there will be always surplusmoney available...
##Question:Examine the role and status of "Small Savings" in Indian Economy. What are the recommendation of Shyamala Gopinath Committee on Small Savings to revitalize this sector?##Answer:Role of Saving Schemes in India Savingshas an important place in the mobilization of resources for development expenditure becau...
292
What is the need of planning in the era of LPG? Discuss the changing role of planning commission.
The Planning Commission has now prepared the draft XII Five-Year Plan for 2012-17 with revenue and expenditure projections of the Central and State governments over the five years. After Independence, the government undertook the responsibility for economic development. The concept of welfare state instead of merely a ...
##Question:What is the need of planning in the era of LPG? Discuss the changing role of planning commission.##Answer:The Planning Commission has now prepared the draft XII Five-Year Plan for 2012-17 with revenue and expenditure projections of the Central and State governments over the five years. After Independence, th...
293
Compulsory Licensing
A compulsory license, also known as statutory license or mandatory collective management, provides that the owner of a patent or copyright licenses the use of their rights against payment either set by law or determined through some form of arbitration. In essence, under compulsory license, an individual or company see...
##Question:Compulsory Licensing##Answer:A compulsory license, also known as statutory license or mandatory collective management, provides that the owner of a patent or copyright licenses the use of their rights against payment either set by law or determined through some form of arbitration. In essence, under compulso...
294
Blue Box Subsidy
A category of domestic subsidies specific to the Agreement on Agriculture permitted only because they are believed to distort trade less than amber box subsidies. They are an exception to the general rule that all subsidies linked to agricultural production must be reduced or kept to minimal levels. These subsidies inc...
##Question:Blue Box Subsidy##Answer:A category of domestic subsidies specific to the Agreement on Agriculture permitted only because they are believed to distort trade less than amber box subsidies. They are an exception to the general rule that all subsidies linked to agricultural production must be reduced or kept to...
295
CEMA block
The Council of Economic Mutual Assistance (CEMA) was established by the USSR in 1949 to co-ordinate the economic activities of its newly acquired empire in Eastern Europe. CEMA's true role in intra-Bloc relations has undergone significant changes since the death of Stalin.
##Question:CEMA block##Answer:The Council of Economic Mutual Assistance (CEMA) was established by the USSR in 1949 to co-ordinate the economic activities of its newly acquired empire in Eastern Europe. CEMA's true role in intra-Bloc relations has undergone significant changes since the death of Stalin.
296
List the salient features of the proposed Persons with Disabilities Bill, 2011
·a. to guarantee equality and non-discrimination to all persons with disabilities; b. to recognize legal capacity of all persons with disabilities and make provision for support where required to exercise such legal capacity; c. to recognize the multiple and aggravated discrimination faced by women with disabilit...
##Question: List the salient features of the proposed Persons with Disabilities Bill, 2011##Answer: ·a. to guarantee equality and non-discrimination to all persons with disabilities; b. to recognize legal capacity of all persons with disabilities and make provision for support where required to exercise such legal c...
297
List the important objectives of the revised Scheme of Assistance for Prevention of Alcoholism and Substance Abuse of the Ministry of Social Justice & Empowerment.
·The objectives of the Scheme for Prevention of Alcoholism and Substance (Drug) Abuse are: To create awareness and educate people about the ill-effects of alcoholism and substance abuse on the individual, the family, the workplace and society at large; To provide for the whole range of community based services for the...
##Question:List the important objectives of the revised Scheme of Assistance for Prevention of Alcoholism and Substance Abuse of the Ministry of Social Justice & Empowerment. ##Answer: ·The objectives of the Scheme for Prevention of Alcoholism and Substance (Drug) Abuse are: To create awareness and educate people about...
298
Discuss the approach of the revised Integrated Programme for Older Persons run by the Ministry of Social Justice & Empowerment.
·Under the program, assistance is given to the Panchayati Raj Institutions / local bodies and eligible Non-Governmental Voluntary Organizations for the following purposes: (i) Programmes catering to the basic needs of Older Persons particularly food, shelter and health care to the destitute elderly; (ii) Programmes to...
##Question:Discuss the approach of the revised Integrated Programme for Older Persons run by the Ministry of Social Justice & Empowerment.##Answer: ·Under the program, assistance is given to the Panchayati Raj Institutions / local bodies and eligible Non-Governmental Voluntary Organizations for the following purposes: ...
299
Basel III norms
BASEL III is a global regulatory standard on bank capital adequacy, stress testing and market liquidity risk agreed upon by the members of the Basel Committee on Banking Supervision in 2010-11. The third installment of the Basel Accords (see Basel I, Basel II) was developed in response to the deficiencies in financial...
##Question:Basel III norms##Answer:BASEL III is a global regulatory standard on bank capital adequacy, stress testing and market liquidity risk agreed upon by the members of the Basel Committee on Banking Supervision in 2010-11. The third installment of the Basel Accords (see Basel I, Basel II) was developed in respon...
300
Financial Sector Legislative Reforms Commission- FSLRC
Financial Sector Legislative Reforms Commission (FSLRC) headed by former Justice BN Srikrishna, to examine the means of oversight on regulators and their autonomy from the government.To help coordinate issues among regulators like SEBI, PFRDA etc
##Question:Financial Sector Legislative Reforms Commission- FSLRC##Answer:Financial Sector Legislative Reforms Commission (FSLRC) headed by former Justice BN Srikrishna, to examine the means of oversight on regulators and their autonomy from the government.To help coordinate issues among regulators like SEBI, PFRDA etc
301
What is 'Monterrey Consensus'?
The Monterrey Consensus was the outcome of the 2002 Monterrey Conference, the United Nations International Conference on Financing for Development in Monterrey, Mexico. Since its adoption the Monterrey Consensus has become the major reference point for international development cooperation.
##Question:What is 'Monterrey Consensus'?##Answer:The Monterrey Consensus was the outcome of the 2002 Monterrey Conference, the United Nations International Conference on Financing for Development in Monterrey, Mexico. Since its adoption the Monterrey Consensus has become the major reference point for international de...
302
What is the 'Beyond GDP' initiative?
The Beyond GDP initiative is about developing indicators that are as clear and appealing as GDP, but more inclusive of environmental and social aspects of progress. Economic indicators such as GDP were never designed to be comprehensive measures of prosperity and well-being. We need adequate indicators to address globa...
##Question:What is the 'Beyond GDP' initiative?##Answer:The Beyond GDP initiative is about developing indicators that are as clear and appealing as GDP, but more inclusive of environmental and social aspects of progress. Economic indicators such as GDP were never designed to be comprehensive measures of prosperity and ...
303
Rajiv Gandhi Equity Savings Scheme
Rajiv Gandhi Equity Saving scheme was introduced in the budget (2012-13) this year by the Finance Minister. This is first of its kind scheme in India which allows the retail investor to invest upto Rs.50, 000 directly into equity shares and avail tax benefit on 50% percent of investment made directly into equity shares...
##Question:Rajiv Gandhi Equity Savings Scheme##Answer:Rajiv Gandhi Equity Saving scheme was introduced in the budget (2012-13) this year by the Finance Minister. This is first of its kind scheme in India which allows the retail investor to invest upto Rs.50, 000 directly into equity shares and avail tax benefit on 50% ...
304
'Pay As You Go Pension Plan'
A retirement scheme where the plan beneficiaries decide how much they want to contribute either by having the specified amount regularly deducted from their paycheck or by contributing the desired amount in a lump sum. A pay as you go pension plan is similar to a 401k. The employee can choose among the various investme...
##Question:'Pay As You Go Pension Plan'##Answer:A retirement scheme where the plan beneficiaries decide how much they want to contribute either by having the specified amount regularly deducted from their paycheck or by contributing the desired amount in a lump sum. A pay as you go pension plan is similar to a 401k. Th...
305
CRIS - comparative sovereign ratings index
New index that has been developed is called the “Comparative Rating Index for Sovereigns” (CRIS). The computation of CRIS is based on nothing apart from Moody’s ratings and data on the GDPs of different nations as given by the IMF. The Finance Ministry developed the relative rating index and ranked 101 economies acco...
##Question:CRIS - comparative sovereign ratings index##Answer:New index that has been developed is called the “Comparative Rating Index for Sovereigns” (CRIS). The computation of CRIS is based on nothing apart from Moody’s ratings and data on the GDPs of different nations as given by the IMF. The Finance Ministry dev...
306
Indicative planning vs Directive planning
Economic planningrefers to any directing or planning of economic activity outside the mechanisms of themarket. Planning is an economic mechanism for resource allocation and decision-making held in contrast with themarket mechanism.Indicative planningis a form ofeconomic planningimplemented by astatein an effort to solv...
##Question:Indicative planning vs Directive planning##Answer:Economic planningrefers to any directing or planning of economic activity outside the mechanisms of themarket. Planning is an economic mechanism for resource allocation and decision-making held in contrast with themarket mechanism.Indicative planningis a form...
307
NEER Vs REER
The NEER represents the relative value of a home country's currency compared to the other major currencies being traded (U.S. dollar, Japanese yen, euro, etc.).A higher NEER coefficient (above 1) means that the home country's currencywill usually beworth more thanan imported currency, and a lower coefficient (below 1) ...
##Question:NEER Vs REER##Answer:The NEER represents the relative value of a home country's currency compared to the other major currencies being traded (U.S. dollar, Japanese yen, euro, etc.).A higher NEER coefficient (above 1) means that the home country's currencywill usually beworth more thanan imported currency, an...
308
Socio Economic and Caste Census (SECC) 2011 Vs the Planning Commission estimates of poverty
The Planning Commission provides estimates of the percentage of rural and urban population living BPLin states/ UTs. It estimates 'how many' are poor. SECC identifies the people falling within the category of poor. SECC uses a three-step process - exclusion criteria to exclude certain households from BPL category, incl...
##Question:Socio Economic and Caste Census (SECC) 2011 Vs the Planning Commission estimates of poverty##Answer:The Planning Commission provides estimates of the percentage of rural and urban population living BPLin states/ UTs. It estimates 'how many' are poor. SECC identifies the people falling within the category of ...
309
Purchasing Managers Index (PMI) Vs Index of Industrial Production (IIP)
ThePurchasing Managers' Index (PMI)is an indicator produced byMarkit Group(headquartered in UK)and theInstitute for Supply Management(headquartered in USA)of financial activity reflectingpurchasing managers' acquisition of goods and services. It is compiledon a monthly basis by polling businesses that represent the mak...
##Question:Purchasing Managers Index (PMI) Vs Index of Industrial Production (IIP)##Answer:ThePurchasing Managers' Index (PMI)is an indicator produced byMarkit Group(headquartered in UK)and theInstitute for Supply Management(headquartered in USA)of financial activity reflectingpurchasing managers' acquisition of goods ...
310
GDR vs FII
GDR refers to a bank certificate issued in more than one country for shares in a foreign company. The shares are held by a foreign branch of an international bank. The shares trade as domestic shares, but are offered for sale globally through the various bank branches. Institutional investorsare organizations which ...
##Question:GDR vs FII##Answer:GDR refers to a bank certificate issued in more than one country for shares in a foreign company. The shares are held by a foreign branch of an international bank. The shares trade as domestic shares, but are offered for sale globally through the various bank branches. Institutional inv...
311
Marginal Standing Facility (MSF)
·Under this scheme announced by RBI, Banks will be able to borrow upto 1% of their respective Net Demand and Time Liabilities.The rate of interest on the amount accessed from this facility will be 100 basis points (i.e. 1%) above the repo rate
##Question:Marginal Standing Facility (MSF) ##Answer: ·Under this scheme announced by RBI, Banks will be able to borrow upto 1% of their respective Net Demand and Time Liabilities.The rate of interest on the amount accessed from this facility will be 100 basis points (i.e. 1%) above the repo rate
312
White-Labelled ATMs (WLA)
·White label ATMs (WLAs) are those ATMs set up, owned and operated by non-banking companies, which would like to run it as a business enterprise and earn profits. These WLAs do not display any bank logos or labels and hence they are called as white label ATMs and they will serve all banks’ customers, as these WLAs wil...
##Question:White-Labelled ATMs (WLA)##Answer: ·White label ATMs (WLAs) are those ATMs set up, owned and operated by non-banking companies, which would like to run it as a business enterprise and earn profits. These WLAs do not display any bank logos or labels and hence they are called as white label ATMs and they will ...
313
Baltic Dry Index
The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index provides "an assessment of the price of moving the major raw materials by sea. Taking in 23 shipping routes measured on a timecharter basis, the index covers Handysize, Supramax, Pa...
##Question:Baltic Dry Index##Answer:The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index provides "an assessment of the price of moving the major raw materials by sea. Taking in 23 shipping routes measured on a timecharter basis, the ...
314
Twin Deficit
The twin deficits hypothesis, also called the double deficit hypothesis or twin deficits anomaly, is a concept from macroeconomics that contends that there is a strong link between a national economy's current account balance and its government budget balance.
##Question:Twin Deficit##Answer:The twin deficits hypothesis, also called the double deficit hypothesis or twin deficits anomaly, is a concept from macroeconomics that contends that there is a strong link between a national economy's current account balance and its government budget balance.
315
Structural Unemployment
Unemployment resulting from changes in the basic composition of the economy. These changes simultaneously open new positions for trained workers.An example of structural unemployment is the technological revolution. Computers may have eliminated jobs, but they also opened up new positions for those who have the skills ...
##Question:Structural Unemployment##Answer:Unemployment resulting from changes in the basic composition of the economy. These changes simultaneously open new positions for trained workers.An example of structural unemployment is the technological revolution. Computers may have eliminated jobs, but they also opened up n...
316
Round-tripping
·Round tripping involves getting the money out of one country, say India, sending it to a place like Mauritius and then, dressed up to look like foreign capital, sending it back home to earn tax-favored profits.
##Question:Round-tripping##Answer: ·Round tripping involves getting the money out of one country, say India, sending it to a place like Mauritius and then, dressed up to look like foreign capital, sending it back home to earn tax-favored profits.
317
Swabhiman Scheme
Swabhiman - a nationwide programme on financial inclusion, estimated to cover approximately five crore households. It is a banking project launched to bring banking services to vast unbanked rural areas in the country.It was launched on 9 February 2010. The government has set a target of covering 73,000 new habitations...
##Question:Swabhiman Scheme##Answer:Swabhiman - a nationwide programme on financial inclusion, estimated to cover approximately five crore households. It is a banking project launched to bring banking services to vast unbanked rural areas in the country.It was launched on 9 February 2010. The government has set a targe...
318
"The National Mental Health Program (NMHP) represents a paradigm shift in the understanding of 'health' and realisation of its aims and objectives should be a focal area for the Ministry of Health & Family Welfare." Comment.
TheWorld Health Organizationdefines mental health as "a state ofwell-beingin which the individual realizes his or her own abilities, can cope with the normal stresses of life, can work productively and fruitfully, and is able to make a contribution to his or her community". According to the estimates DALYs (Disabili...
##Question:"The National Mental Health Program (NMHP) represents a paradigm shift in the understanding of 'health' and realisation of its aims and objectives should be a focal area for the Ministry of Health & Family Welfare." Comment.##Answer: TheWorld Health Organizationdefines mental health as "a state ofwell-beingi...
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