 Nane the first country to introduce Law
for the creation of Baby from two
women and one man U.K.
 How many SAARC countries met on 2-3
February 2015 to finalize motor vehicles
agreement this year
Four
 What is the India’s ranking in the
recently released international
intellectual property index?
29
 The Barak 8 air and missile defence
system is being jointly developed by
India and which country?
Israel
 Which Indian city hosted the first World
ocean science congress?
Kochi
th
 The 18 National conference on egovernance was recently held in
Gujrat
 World innovation summit for health
2015 held in which country?
Qatar
 Golden Bear awards are presented at
the international film festival of which
country?
Germany
 The Mascot of the 35th national games
is
Great Indian Hornbill(Ammu)
 2017 FIFAU-17 world cup will be held in
India
 Which state will host 36th national
games in 2016?
Goa
 Agni V missile has been test fired
recently , its range is 5500 – 5800KM
 DRDO is building its new Missile Launch
testing facility at which place? Krishna
Delta complex
 Which NASA spacecraft sent new
pictures of dwarf planet Pluto that were
released by the agency on 4th
February2015? New Horizons
 Diptosh Majumdar died recently. He
was a veteran in which field?
Journalism
 Name the Asian Development Bank
president visited India on 5th February
2015? Takehiko Nakao
 Yusuf Ali Kechery a famous Malayalm
poet who died on 21/3/15
 Sashi Kapue received the prestigious
Dada Saheb Falka award
Economics
 The govt.has launched several anti
poverty programmes such as NREP,
IRDP,RLEGP etc.
 Rural unemployment is of two kinds:
seasonal unemployment and disguished
unemployment.
 Urban unemployment is of two kinds:
industrial unemployment and
educational unemployment.
 The drain theory was propunded by
Dadabhai Naoroji.
 The first modern industry to develop in
India was cotton textile industry.
 The Antardaya programme was started
first of all in Rajasthan.
 Professor Gunnar Myrdal in his book
Asian Drama discusses proverty in Asian
countries.
 Estimates of expenditure from the
consolidated fund of India are placed
before the loksabha in the from of
demands of grants.
 Foreogn Exchange Regulation Act
(FERA) was passed in 1973.
 The MRTPact was passed in 1969.
 The gift tax in India was first introduced
in 1958.
 The paper for making currency notes
and other security papers are
manufactured at security paper Mills ,
Hoshangabad.
 Agricultural prices commission was
established in 1965.
 Expenditure tax was first imposed in
India in 1957 on recommendations of
Nicolas Kaldor.
 Theminimum Wages Act was passed in
1948.
 The presence of stagnation along with
inflation is called stagflation.
 The general insurance corporation of
India was formed by the central
government in November 1972.
 If the deficit is covered by printing
currency notes , the result will be
inflation.
 The first 20-point programme was
launched on July1,1975 under the
connotation ofGaribi Hatao which was
conceved by the late prime minister
Smt. Indira Gandhi.
 Assam contributes about 15% of
theworld ‘s entire tea production.
 Sikkim has the largest area and highest
production of cardamom in India.
 Comsumer Welfare Fund was
established in 1992.
 The trade Union act was passed in1926.
 The payment of wage act was passed in
1936.
 The National Policy of Education was
adopted in1986.
 National Literacy Mission was launched
in 1988.
 Rajasthan and Andhra Pradesh were the
first two states to implement
Panchayati Raj in 1959.
 Chelliah Committee was appointed in
1991 for investigating the tax structure
of the nation.
 Customs duty is not shared by the
central government with the states.
 The Keynesion type of unemployment
results from lack of effective demand.
 K.N. Raj committee (1972)
recommended introduction of
agricultural holding tax.
 Say’s Law states that Supply Creates Its
Own Demand.
 Capital flows across international
boundaries are called hot money.
 Average cost is per unit cost of any
product.
 Marginal cost is the extra amount of
cost for producing any output.
 Break Even point refers to the situation
where Average cost is minimum.
 Shut Down point is refers to that point
where Average Variable cost is
minimum.
 Economic rent is any excess over
transfer earning that a unit of the factor
actually earns.
 Rent theory of profit was developed by
WALKER
 Innovation theory of profit was
developed by SCHUMPETER.
 Uncertainty bearing theory of profit
was developed by KNIGHT.
 Malhotra committee was related to
Insurance sector reform
 Full employment is a situation where
those who want to work at existing
wage rate gets job.
 If Fullemployment prevail in the
economy then output can not be
increased without changing technology
, or , without increasing the wage.
 Elasticity referes to responsiveness in
demand due to one percent change in
the price or any factors that influence
demand.
 In case of Giffen goods demand curve is
upward rising.
 In India the exclusive power of p[rinting
paper currency is the hand of RBI.
 M.K. Gandhi was true supporter of
cittage industry.
 WTO was established in the year 1995.
 To increase demand either income has
to increase or price has to decrease.
 The largest expenditure of the central
govt.is to fulfill the interest on loan or
borrowing.
 Liquity of money implies keeping
money cash in hand.
 SIDBI provide maximum monetary
support to the small scale industry.
