Notes Ias My Dream

7/31/2019 Notes Ias My Dream

1/82

Love is all we want ,,,,! LIKE OUR FANPAGE at https://www.facebook.com/IASOURDREAM

1

SOME OF THE FB FANPAGE and FB GROUP activities..(around the month ofDecember 2011)

100 years for our National anthem......It was first sung at the Calcutta Session of the Indian National Congress on 27 December1911. "Jana Gana Mana" was officially adopted by the Constituent Assembly as the Indiannational anthem on January 24, 1950

The literacy rate has gone up from 64.83 per cent in 2001 to _____ per cent in

2011 showing an increase.74.04%

(Role of Indian Post in the trade and social development)definitely Post has played it's significant role in connecting people & in time until coming ofICT revolution and in recent days the scope has increased in some areas and in somereduced too. today courier service, speed post demand has increased significantly and dueto high speed of functioning making it indispensable to modernized the whole syatem anddigitized as much as possible

What is "Take out Financing" in context of financing of infrastructure projects?

ake-out financing is a method of providing finance for longer duration projects of about 15years by banks sanctioning medium-term loans for 5-7 years. It is given that the loan willbe taken out of books of the financing bank within pre-fixed period by another institution,thus preventing any possible asset-liability mismatch. After taking out the loan frombanks, the institution could offload them to another bank or keep it. i

Indian context(planning commission): under 'take out finance', the banks take up theearlier maturities while the IDFCtakes up the later ones. these are stop-gap arrangements till a market for long-termcorporate bonds is developed.

How is the interest/cost of borrowing treated in such cases.. ie. who receives them..

and from whom?interest is received by the lending banks/FI/original lender or the taking over institutionon whose books credit facility extended to the borrower is borne ..income not to be


2/82


2

recognised on accrual basis

if rbi decides to gv licence to only those banks who hav less than 10%assets from

real estate and capital market..wat do u think is the logic behind sameAs per Banking Regulation Act Banks are not allowed to invest into Real Estate propertiesbesides their regular need for Office & Operational needs. The reason for the same isthat Banks get funds are much cheaper rate than any other sector in the economy which isalways less than appreciation in Land prices so this would be simply an arbitrage windowfor the large corporate houses & it would amount to artificial fueling up of property priceswhich in turn would hurt genuine home buyers. Hence RBI discourages banks to enter intoproperty investments. Keeping this in the mind while releasing draft of guidelines for issueof new bank license RBI has capped 10% of the assets limit. As mentioned earlier RealEstate Businessmen & Banks both the parties always scout for each other & RBI's job is tokeep a safe distance between them.. however there are so many ways how this rule can be

flouted but RBI wants to keep flaws as minimum as possible...

which countries are termed as baltic countries..Estonia, Latvia, Lithuania are referred to as baltic states.the Baltic Sea Region is made upof nine countries and a number of metropolitan areas. the region encompasses the BalticStates, Sweden, Denmark, Finland, Germany, Poland, and the western Russia, with StPetersburg and Kaliningrad Oblast, the Russian exclave between Poland and Lithuania

what is GST Network? who heads it?a special purpose vehicle (SPV) responsible for implementing IT infrastructure needed toroll out GST..goods and service tax by nandan nilakeni

what are the main sources of indirect taxes of the union govt? are these taxes

progressive or regressive?Sources of Indirect taxes - Excise tax, Service tax, Custom Duties, sales tax, securitiestransaction tax.Most commonly they are Ad valorem taxes (according to the value)indirect taxes r essentially regressive bcos consumption expenditure as % of incomedecreases as income go up, people with lower income end up spending most of their incomeon consumption & thus as % of income they pay much more indirect tax than people withhigher income.there has been efforts to reduce this progressive character of indirecttaxes by levy of indirect taxes at lower rates on essential commodities, which form majorchunk of the consumption basket of lower income group and by imposing higher rates of &additional taxes on luxury items which weigh more in the consumption basket of the rich


3/82


3

A total of 13 countries are now estimated to be left in the trillion-dollar stock marketclub, including the U.S., the U.K., Canada, Brazil, Australia, Hong Kong, South Korea, China,Japan, Spain, Germany, Switzerland and France.

The Indian market had first achieved a trillion-dollar size about four-and-half years agoon May 28, 2007, but moved out of this coveted league about a year later on July 1, 2008.It again joined this elite club of markets with trillion-dollar valuation about a year later onJune 3, 2009.India slipped below Trillion Dollar mark to $994.97 billion recently

is repo rate really a discount ? how ?The discount rate at wich a central bank repurchases government securities frm decommercial banks, depending on de level of money supply it decides to maintin in thecountry's monetary system. To temporarily expand de money supply, de central bankdecreases repo rates (so that banks can swap der holdings of govt securities for cash). Tocontract de money supply it increases de repo rates. Alternatively, de central bank decideson a desired level of money supply n lets de market determine de appropriate repo rate.Repo is short for repossession.

hw inflsn is respbl fr rupee gt dwnsupposedly u hv a hundred rupees u go market n buy ten kgs f rice bt thn inflationincreases so does produce prices hence aftr six months u go to same market wit a hundredrupees n buy only 7 kgs f rice so though u hv same amount f money yet its value hsdcreased due to inflation hence wen inflation rises the value f rupees depreciates due todcrease in purshasin power parity....

which is the top performing state in MNREGA during the financial year 2011-12(1st

half year)?1.Tripura 2.Andhra Pradesh 3.Sikkim

what is carbon credit?A permit dat allow d holder to emit one ton of co2.it z used to reduce emmison of co2. . .

capital deepening &capital wideingCapital deepening- is a term used in economics to describe an economy whr capital per


4/82


4

worker is increasing. dis is also referred to as increase in de capital intensity. measured-capital stock per labour hour.capital wideing-Capital widening is a term used to describe de situation whr capital stock isincreasing at de same rate as de labour force n de depreciation rate, dus capital perworker remains constant. de economy will expand in terms of aggregate output, but

productivity per worker will remain constant.

satisfaction with life index?

The Satisfaction with Life Index is created to show life satisfaction in differentnations...its subjective well being correlates most strongly with health, wealth, and accessto basic education to show life satisfaction in different nations..example of directlymeasuring happinessasking people how happy they areas an alternative to traditional

measures of policy success such as GDP or GNP.

Globalisation indexGlobalization Index is a study that assesses the extent to which the world's most populousnations are becoming more or less globally connected....it reveals that even as the worldeconomy slowed, Internet growth in poor countries and increased cross-border traveldeepened global links..

Geniun progress indicatorThe genuine progress indicator (GPI) is an alternative metric system wich is an addition toda national system of accounts dat has been suggested to replace, or supplement, grossdomestic product (GDP) as a metric of economic growth...it is an attempt to measure whetra country's growth, increasd production of goods, n expanding services hav actuallyresulted in de improvement of de welfare (or well-being) of de people in de country.

agricultural year?

Agricultural year is the period of time necessary for the arising of seasonal agriculturalproducts, including the preparation of the land, and the sowing, planting harvesting and,whenever applicable, threshing of the crop, Provided, however, That in the case ofcoconuts, citrus, coffee, ramie, and other crops where more than one harvest is obtainedfrom one planting, the words "agricultural year" shall mean the period of time from thepreparation of the land to the first harvest and thereafter from harvest to harvest. In


5/82


5

both cases, the period of time may be shorter or longer than a calendar year.

according to world gold council the top 6 gold holders of the world are us, germany,

the IMF, italy, france and china. what is world gold council all about?

The World Gold Council is the market development organisation for the gold industry andthe global voice of authority for gold...working within the investment, jewellery andtechnology sectors, as well as engaging in government affairs...

Based in the UK, with operations in India, the Far East, Europe and the US, the WorldGold Council is an association whose 22 members comprise the worlds leading gold miningcompanies, representing approximately 60% of global corporate gold production...

Pls explain about money de-valuation? Reasons why Indian Rupee getting low?Money devaluation is a process of reducing the value of own currency in comparison withthe other currencies so that the exports get cheaper. At the same time imports will getcostlier. Devaluation will benefit the countries which are export oriented...

Indian has devaluated its currency twice in 1966 and 1991 to boost the exports. But thisdevaluation is didnt increase the exports as expected...

but recent devaluation is .. because of supply and demand concept of dollar in india.here reasons r:1> loosing of euro credibility ..so $ obviosly in demand.2> india's slowinggrowth of economy... investor loosing confidence..so net invesment is -ve 3> -ve BOP..4>inflation in country 5>worldwide slowing of economy

explain what are hedge funds exactlyHedge funds are considered an alternative investment vehicle. The term alternativeinvestment alternatice investment is the general term under which unregulated funds

opertate this include pvt ewuity and real estate funds .The todal alternative categ is notcovered within the scopre of this section but it is useful to know thath often peopplerefer to hedge funds as alternative investments.

1. Exchange Rate is the rate at which one currency may be converted into another.2. There are a wide variety of factors which influence the exchange rate, such as


6/82


6

interest rates, inflation, and the state of politics and the economy in each country.3. There are two main systems used to determine a currency's exchange rate:floating currency and pegged currency.4. Floating currency rate is determined by the market patterns i.e. demand and

supply and central bank does not interfere and manage the exchange currency rate.5. Generally, countries with mature, stable economic markets will use a floatingsystem. Virtually every major nation uses this system, including the U.S., Canadaand Great Britain. Floating exchange rates are considered more efficient, becausethe market will automatically correct the rate to reflect inflation and othereconomic forces.6. A pegged, or fixed system, is one in which the exchange rate is set andartificially maintained by the government. The rate will be pegged to some othercountry's dollar, usually the U.S. dollar. The rate will not fluctuate from day to

day.7. Countries that have immature, potentially unstable economies usually use apegged system.8. During the period 1950-1951 until mid-December 1973, India followed anexchange rate regime with Rupee linked to the Pound Sterling, except for thedevaluations in 1966 and 1971.9. On September 24, 1975, the Rupees ties to the Pound Sterling were broken.India got linked to a basket of currencies of the world.10. Whereas in 1992 India introduced Liberalized Exchange Rate ManagementSystem (LERMS) i.e. a dual (official as well as market determined) exchange rate inIndia and in 1993 India switched to floating exchange rate system.

What's the difference between roles of "Comptroller & Auditor General" and"Controller General of Accounts" ???CAG estyle ka kaam hai.pure accountability...CGA donkey work hai(hard work)...pureaccountancy...

role of Comptroller & Auditor General :- To enhance accountability of the executive to the Parliament and State Legislatures bycarrying out audits in the public sector and providing accounting services in the states inaccordance with the Constitution of India and Laws as well as best international practices.- Where entrusted, to provide technical guidance and support to local bodies includingPanchayati Raj Institution to enhance their accountability.


7/82


7

Controller General of Accounts is the apex accounting body in the Government of India.The accounts of the Civil Ministries are compiled and maintained by the Pay and AccountsOffices, the basic accounting units..The Pay and Accounts Offices maintain line item wise

accounts of all the transactions involving Consolidated Fund of India, Contingency Fund ofIndia and Public Account of India. Various subsidiary accounts such as Loan accounts, Fundaccounts etc. are also maintained by these units..The accounts compiled by the Pay and Accounts Offices are consolidated on a monthlybasis in the Principal Accounts Offices at the Ministry's headquarters. The consolidatedaccounts of the Ministry are rendered to the Controller General of Accounts. Theaccounts received from various Ministries are consolidated in the office of the ControllerGeneral of Accounts to generate the accounts of the Government of India as a whole.

Mahalanobis committee was setup for ?for determing the india's economic direction.. socialists, capitalists, .....finally decided mixapproach

S.S.Tarapore committee was setup for ?Fuller Capital Account Convertibility........ tarapore committe was set up twice.....1997 nd2006

define letter of credit(LC)A letter of credit is a promise to pay.it is a letter from a bank guaranteeing that a buyer's payment to a seller will be receivedon time and for the correct amount . if In the event that the buyer is unable to makepayment on the purchase, the bank will be required to cover the full or remaining amountof the purchase

J.J.Irani committee was setup for ?company law

what it effect when the value of indiand currency goes down?devaluation .. it affect the BOP badly , but help MNC companies in india( if rupe)

what is cummulative output growth....???it is an avg of growth various sector like minnig, manufacturing, construction, factory


8/82


8

production .. taken over a time period

What is RTGS System?**The acronym RTGS stands for Real Time Gross Settlement. RTGS system is afunds transfer mechanism where transfer of money takes place from one bank toanother on a real time and on gross basis.

**This is the fastest possible money transfer system through the banking channel.Settlement in real time means payment transaction is not subjected to any waitingperiod.

*** The transactions are settled as soon as they are processed.

***Gross settlement means the transaction is settled on one to one basis withoutbunching with any other transaction.

*** Considering that money transfer takes place in the books of the Reserve Bank ofIndia, the payment is taken as final and irrevocable.

what was O P Sodhani Committee formed for? what were its recommendations?formed in 1992, to examine issues related to products available for hedging of forex risks& for suggestions for further development of forex market in india

sm of d recommendations ri)corporates shd b permittd 2 hedge upon declaration of d underlying exposure;ii)to

increase number of mkt participants;iii)banks shd b allowed to offer hedging products likecaps, collars, etc;corporates must b permitted to cancel& rebook option contracts, etc

what are the four broad categories that the services sector consist of as per Central

Statistical Organization (CSO) classification ?1.Financing,insurance,real estate,business . 2. Transport, storage nd communication 3.


9/82


9

Community, social nd personal services 4. Trade, hotel nd restaurants

the share of services in Indias GDP at factor cost (at current prices) rose rapidly

from 30.5 percent in 1950-51 to 55.2 percent in 2009-10; is construction segment

included in it?nopes its a part of secondary sector so its nt included

what is currency swapA swap that involves the exchange of principal and interest in one currency for the same inanother currency

what is commercial paper (CP) ?commercial paper is an unsecured promissory note with a fixed maturity of 1 to 270 days.Commercial paper is a money-market security issued (sold) by large banks and corporationsto get money to meet short term debt obligations (for example, payroll), and is only backedby an issuing bank or corporation's promise to pay the face amount on the maturity datespecified on the note.

what is a "holding company"?A parent corporation that owns enough voting stock in another corporation to control itsboard of directors (and, therefore, controls its policies and management).A holding company must own at least 80% of voting stock to get tax consolidation benefits,such as tax-free dividends...............investopedia

Lets understand this with an eg. :-Kalyani Investment Co. Ltd is a HOLDING COMPANY which holds shares of the followingcompanies

Bharat Forge - 13.6%BF Utilities - 15.36%Hikal Ltd - 31.36%

This gives Kalyani Investment Co. Ltd authority to participate in the meetings of say ,Hikal Ltd , where it owns 31.66% share.


10/82


10

Now, it may happen that a holding company could only be an investment company owingother companies shares OR , it may itself be a company producing a particular commodity .The former type r known as NOHC- NOn - operating Holding company .]

Road Accidents in IndiaThe annual cost of road accidents and injuries: Rs 550 billion, close to 3 per cent of theGDP. Conversely, the amount thats earmarked to improve highways: Rs 103 bn, 1/5th theloss.80 per cent of all crashes and 65 per cent of near-crashes occur when drivers have notbeen paying enough attention for as little as 3 seconds.Over 50% of accidents take place close to home/ familiar surroundingsOver 90% of people who have a safety incident blame the other partyMore than 85 per cent of drivers rate their driving abilities as being either excellent orabove average, an overconfidence bias that leads to unsafe behavior on the road(Outlook Dec 12, 2011)

IDR: Indian Depository ReceiptsIDR is an exact reverse of the ADR/GDR issue. A foreign company can raise capital fromIndian public, the same way that Indian companies can raise capital through ADR/GDRissues. The government of India framed the IDR rules sometime in 2004

what are ECB, ADR & GDR?externalcommercial borrowing (ECB)..facilitate foreign money to indian corporates viacredits,commercial lones

ADR (American Depository Receipts) n GDR (Global Depository Receipts) is that an Indiancorporate can deposit its stock (shares) with a foreign depository and raise money fromforeign public by offering these ADR/GDR issues for subscription. Usually the corporateconducts a road-show (advertising and publicity for its issue) and attracts theattention/interest of the foreign public to subscribe to its capital.

briefly state the functions of exim bankthe export import bank was establishd not only enhance the export but to also encourageforeign trade and investment in india...to increas partnership wid indian industries specialy samal n med enterprise ones


11/82


11

write a note on credit default swap(CDS)Its basically buying insurance against a default.

ExampleI'm a banker, gave car-loans to dude, but I'm afraid he might not pay back the full money.So I'll goto some other Bank X who sells Credit default Swaps (CDS).I've to pay regular premium Bank X, but if someday that dudes default on his car-payment,Bank X will pay me the money.

trace the origin of export credit guarantee corporation(ECGC) and briefly state its

role

ECGC of India Ltd, strengthen the export promotion by covering d risk of exporting oncredit.It functions under the administrative cntrll of the Ministry of Commerce & Industry.

ROLE_ Provides a range of credit risk insurance covers to exporters against loss in exportof goods and services.

IT Offers guarantees to banks and financial institutions to enable exporters to obtainbetter facilities frm them.

Provides Overseas Investment Insurance to Indian companies investing in joint venturesabroad in the form ofr loan. Provides information on credit-worthiness of overseas buyers

Offers insurance protection to exporters against payment risks

Provides guidance in export-related activities

Assists exporters in recovering bad debts


12/82


12

write a brief note on national housing bank (NHB)owwned by rbi...headquarter in delhi...is apex instituition of housing and finance..established with an objective to promote housing finance institutions both at local andregional levelsprovide financial such institutions

register, regulate and supervis Housing Finance Company (HFCs)

what are NOSTRO and VOSTRO accounts?Simply put, Nostro (means "ours") account is an account held by a domestic bank with aforiegn bank abroad in "foreign currency". Eg: SBI holding a dollar account with Bank ofAmerica... So it is "our account held by you"

Vostro (means "yours") account on other hand is "your account held by us" ie. when bank of

America holds a ruppee account with SBI in India.

They are two sides of the same coin ie. An account that is nostro for SBI is a Vostro forBoA.Main function is to facilitate foreign exchange transactions, and overcome exchange raterisks.

wat are capital goods...??????Any tangible assets that an organization uses to produce goods or services such as officebuildings, equipment and machinery. Consumer goods are the end result of this productionprocess...!!!!!!!!

capital goods are reusable; capital goods add to productive capacities;capital goods are notconsumed,do not change form during production process(wear & tear notwithstanding) andare not part of the final product;intermediate goods form part of the final products in itsoriginal form or in some other form whereas inputs lose its orginal form and identitytotally to get absorbed in the final product which is known by a different name ;thusintermediate goods and inputs are not reusable nor do they add to the productive capacity.

what is CENVAT ?

stands for central value added tax;it is the tax on manufacture of goods within theterritory of india after allowing credit of tax paid on goods and services used in the


13/82


13

manufacturing process;so it is practically the second generation of value added tax creditscheme in india after MODVAT, which was introduced in 1986 to do away with thecascading effect of central excise duty.Subsequently, MODVAT scheme was restructuredinto CENVAT( Central Value Added Tax) scheme in 2004,under which, a manufacturer offinal product or provider of taxable service is allowed to take credit of duty of excise as

well as of service tax paid on any input or any input service

Finance Ministry directed State-run Banks to do away with Separate Promotion

Policies

Highlights

* An employee will have to work in all verticals before being promoted to the middlemanagement level* The new policy spells the end of fast-track promotions at managerial levels* The guidelines will ensure that there are eligible candidates across all verticals in all 21state-run bank

How exit policy leads to unemployment?a liberal Exit policy allows companies to close down operations or shut down the industrycompletely, without paying due compensation or providing Job security to the alreadyemployed labourers . This leads to unemployment. Therefore, a balance needs to bemaintained between exit policy & labour market flexibity.

Dabir-ul-Mulk, Najm-ud-Daula Mirza Asadullah Baig Khan @ Ghalib @ Asad (27

December 1797 15 February 1869), was a classical Urdu and Persian poet from Indiaduring British colonial rule. During his lifetime the Mughals were eclipsed and displaced bythe British and finally deposed following the defeat of the Indian rebellion of 1857, eventsthat he wrote of. Most notably, he wrote several ghazals during his life, which have sincebeen interpreted and sung in many different ways by different people. He is considered, inSouth Asia, to be one of the most popular and influential poets of the Urdu language.Ghalib today remains popular not only in India and Pakistan but also amongst diaspora


14/82


14

communities around the world.

can anyone explain for me tobin taxTobin tax...... suggested by Nobel Laureate economist James Tobin, was originally definedas a tax on all spot conversions of one currency into another. The tax is intended to put apenalty on short-term financial round-trip excursions into another currency.

Worlds longest running trade dispute resolved (this somewhere around 2009)

* The EU has agreed to cut tariffs on banana imports from non-ACP countries. ACP standsfor Africa, Caribbean and Pacific* The banana wars was the longest running trade dispute in the world, which startedwhen the EU imposed banana import tariffs in 1993* The import tariffs were instituted in order to favour former European colonies* However, the tariffs were criticized by Latin America and USA. The WTO ruled thetariffs illegal in 2005 and 2008*The new deal includes a EUR 200 million compensation package for the ACP countries* The EU is the largest market for bananas in the world

Uruguay Round of Talks 1986.....wat featured the discussions ?

The Uruguay Round produced significant improvements in market access for NAMAproductsin the developed country markets, as tariff averages were reduced from 6.3% to3.8%........GOT SUCCESS IN 95 WHEN COMMITMENT MADE BY DEVELOPIN ANDDEVELOPE COUNTRY IN TIME BOUND PERIOD

GATT (General Agreement on Trade & Tariffs) established in the year ?--1947


15/82


15

.....In 1993, the GATT was updated ( GATT 1994 ) to include new obligations upon itssignatories.One of the most significant changes was the creation of the World TradeOrganization (WTO).

Bretton Woods conference....write 20 words ...?....underline a context wherin thisconference dealt wit making of ITO (International Trade Org.)

ESTABLISH 1N 47 ,,, WORLD BANK AND IMF ESTABLISHED UNDER IT FOR SOFTLOAN TO POORER COUNTRY ,,

What are the Criticism made against WTO ?it favour developed country ,, a kind of neo imperialism will impart by mnc...WTO

ocredibility is going down becuase of not coming of conclusion in doha talks.Write 20 words on NAMA !

NAMA refers to all products not covered by the Agreement on Agriculture. In otherwords, in practice, it includes manufacturing products, fuels and mining products, fish andfish products, and forestry products. They are sometimes referred to as industrialproductsor manufactured goods.

Why is NAMA so important?Over the past years, NAMA products have accounted for almost 90% of the worldmerchandise exports.

What did the Uruguay Round achieve on tariffs for NAMA products?The Uruguay Round produced significant improvements in market access for NAMAproductsin the developed country markets, as tariff averages were reduced from 6.3% to3.8%. In the case of developing countries, the most important contribution was made in

the form of new tariff bindings. Binding coverage for NAMA products indevelopingcountries increased from 21% to 73%, which has considerably increased thepredictability of trade.

What do tariff bindings meanand how do they work?A tariff binding is a ceiling level above which a Member cannot apply a tariff. In other


16/82


16

words, it is the maximum tariff that may be applied by a Member. However, such rates arenot cast in stone. They may be increased or withdrawn subject to compensation beingprovided to the WTO Members affected by such action.The applied tariff is the tariff effectively applied. It can be lower than the bound rateand the difference has been called water or the binding overhang.

Why are there NAMA negotiations in the DDA?Despite the significant improvements in market access for NAMA products thatpreviousGATT rounds and the Uruguay Round produced, tariffs continueto be an importantbarrier to world trade, as tariff peaks, high tariffs, and tariff escalation remain.

How were tariffs cut in the previous Rounds?In the first GATT rounds, tariffs were cut on a selective product-by-product basis

through requests and offers made between participants. However, subsequentlycontracting parties decided to use formulas to cut tariffs across-the-board. For example,during the Kennedy Round (linear cut formula) and inthe Tokyo Round (Swissformula)developed countries applied formulas, but with several exceptions. In the UruguayRound developing and developedparticipants negotiated their tariff cuts using a variety ofmethods to reach a reduction average target comparable to that of the Tokyo Round (1/3cut).

Why has a formula approach been agreed to in the NAMA negotiations?Following intensive discussions, participants recognized the advantages of the formulaapproach. A formula approach provides transparency (every Member will know how theotherwill reduce its tariffs); efficiency (simpler process than request/offer approach),equity (tariff reduction depends on rules rather then bargaining power); predictability(easy to foresee the results of the negotiations

What was India's Problem in Doha?India asked for protectionism measures to be allowed to developing country in agri field asthis sector is most vulnerable and could not be able to stand foreign competition\

World blamed India for failure of Doha talks....What were the allegations ...nd wat

is India's point of view in this regard ?india is true repreesents of devlopin cntries ,,and under fight of developed and developingcntry ,,india is oftenly blammed to not bridge the gulf in between of them


17/82


17

Each nation can make its own Quality control rules as provided under SPS annex

added under GATT...True or Falseyes under special product scheme ,, special product can be taken where rest rule will notfollw .

Doha is capital city of? Quatar

What did India Gain from WTO?gats is profit for us ,, as v are service exporter s, and on aoa ,, agreement on agriculturewas a gainful agreement for us ,, as all anti free market box subcidy will rationlise by aoa

In IMF, every nation has one vote only. Unlike WTO where rich (developed) nations

have more voting powers. ............(True or False ?)Reverse statment z true

How is WTO better than GATT?gatt was just an aggrement while wto itself is an institution.so obciously it can bettermonitor trade policies of govts. and even with wto..int. trade shoots upto10000bn$(aprox.).also GATT included only sumthing wit regards to tariffs,,,but WTOinckudes services (lik bpo etc)..Intellectual property rights....WTO gives a plateform tochalk out future strategies with giving due consideration to developing ,LDC so principle

like equity, inclusive , transparancy etc.. ensured.What is red tape ?Red tape is excessive regulation or rigid conformity to formal rules that is consideredredundant or bureaucratic and hinders or prevents action or decision-making. It is usuallyapplied to governments, corporations and other large organizations.

Under the rule of WTO ....if India grants a special favor to one nation it is not

neceesary that India will have to give that special favor to all member-nations of

WTO......True or False ?ans is False..........MFN status .. which is given to WTO member party . so concession , rulesto one extend to all automatically

What is a Geographical indicator ?A geographical indication is a sign used on goods that have a specific geographical origin


18/82


18

and possess qualities, reputation or characteristics that are essentially attributable tothat place of origin. Most commonly, a geographical indication includes the name of theplace of origin of the goods. Agricultural products typically have qualities that derive fromtheir place of production and are influenced by specific local factors, such as climate andsoil. Whether a sign is recognized as a geographical indication is a matter of national law.

Geographical indications may be used for a wide variety of products, whether natural,agricultural or manufactured........let me give an example for the same.Prashadam (Laddoo) of Tirupati Balaji has been given the GI tag.KANNauj ke gatte,AGARA ka PETHA..etc.

TRIPS doesnt have any annexes.,,,,,,,True or False ?yes it have annexture ,, but not yet accepted in round talks .so ans stands TRUE

Under GATT comes 1. SPS 2. TBT 3. SCM.....write few lines on each point !

The Sanitary and Phytosanitary Agreement (SPS) allows members to take scientificallybased measures to protect public health. The agreement commits members to base thesemeasures on internationally established guidelines and risk assessment procedures. In thecase of particularly stringent measures, countries must present scientific justification.Generally speaking, the SPS Agreement is a compromise that permits countries to takemeasures to protect public health within their borders so long as they do so in a manner

that restricts trade as little as possiblle.likewise, the Technical Barriers to Trade Agreement (TBT) strikes a delicate balancebetween the policy goals of trade facilitation and national autonomy in technicalregulations. The agreement attempts to extricate the trade-facilitating aspects ofstandards from their trade-distorting potential by obligating countries to ensure thattechnical regulations and product standards do not unnecessarily restrict internationaltrade.

Write 20 words on TRIPStrade relater intellectual prop right ,,, ,,safeguard sto innovation and inventer and to avoidduplicacy and piracy

Write 20 words on GATS !general agreement on trade in services ,, to create open marketing in service sector


19/82


19

globally to create healthy compititon in global market

second objective of WTO is 'Dispute Resolution'....what is it actually?The WTOs procedure for resolving trade quarrels under the Dispute Settlement

Understanding is vital for enforcing the rules and therefore for ensuring that trade flowssmoothly.

A dispute arises when a member government believes another member government isviolating an agreement or a commitment that it has made in the WTO. The authors ofthese agreements are the member governments themselves the agreements are theoutcome of negotiations among members. Ultimate responsibility for settling disputes alsolies with member governments, through the Dispute Settlement Body.

What is the role of the Secretariat of WTO ?dispute resolution on agreement in bilateral and multilateral trades...manageadministratively and financially the WTO functioning

Present Director-General of WTO ?pascal lamy

What was the Primary objective of WTO ?

The world trade organization is only global international with the ruler of trade betweennations. At it heart are the wto agreement negotiated and signed by the bulk of the worldtrading nation and ratified in their parllaments.increaing of trade volume globally andestablishing fair , transparent , just rules to regulate the world trade.dispute solving ,policies and agreement making. AND connecting whole world thru trade activities

When Domestic players are given subsidies / preference over the foreign players by

Govt. of India.,,,,it is a tariff barrier or a non-tariff barrier ?obviously its a nontariff barrier..and gatt worked for cutting open these non tariff

barriers primarily.and these type of subsidies provided by govt. of usa and so developingcountries complaint against it.

What is a Tariff Barrier nd what is a Non- Tariff Barrier !


20/82


20

tariff barriers r duties levied on the goods(import) in order to create an obstacle totrades. This is also called import restriction n is a sort of protectionist measure. Ad-valourm duty is an example of tariff barrier.. Non-tariff barriers r, on the other hand , the trade barriers on imports but not in theusual form of a tariff. For example -countervailing duties n anti-dumping measures, import

quotas,special licenses, other technical barriers etc.

non-tariff barriers are government laws, regulations, policies, conditions, restrictions, orspecific requirements, and private sector business practices or prohibitions, that protectthe domestic industries from foreign competition. They are the means of keeping theforeign goods out of domestic market while abiding by the multilateral agreements thatthe country has signed through the WTO...

What is the multifunctionality role of agriculture and which subsidy derives supportfor it?

multifunctionality refers to the non-trade benefits of agriculture, that is, benefits otherthan commerce and food production.

[1] These include, in the WTO definition of multifunctionality, environmental protection,landscape preservation,rural employment, and food security.[2] These can be broadly classified as benefits to society, culture, a national economy as awhole, national security, and other concerns. For example, in addition to providing food andplant-derived products for the population, agriculture may also have provide jobs for ruralpeople and contribute to the viability of the area, create a more stable food supply, andprovide other desired environmental and rural outputs.

Differentiate between safeguard duty and anti-dumping duty.

safeguard duty -)safeguard duty can be imposed on any product imported into the country,

in such increased quantities, absolute or relative to domestic production, and under suchconditions as to cause or threaten serious injury to the domestic producers of like ordirectly competitive products, irrespective of the source of origin of the importedproduct.

anti-dumping duty-)Relief to the domestic producers against dumped imports is provided


21/82


21

under Section 9-A of the Customs Tariff Act and the Customs Tariff (Identification,Assessment and Collection of Anti-dumping Duty on Dumped Articles and forDetermination of Injury) Rules, 1995. Dumping means export of an article from anycountry or territory to India at less than its normal value i.e. when the prices at which thegoods are exported to India are less than the comparable price for the like product when

destined for consumption in the domestic market of the exporting country. The CentralGovernment can impose anti-dumping duty only if the imports of dumped article into Indiacauses and threatens material injury to any established industry in India and materiallyretains the establishment of any industry in India.

Multi Fibre Arrangement (MFA) was replaced by what in 2005? Why?Agremnt on trade in textiles nd clothng directed the abolition of multi fiber agremnt over10yrs singned in 1974 was an elaborate system of quotas imposed by develop countriesover textile nd clothing imports from developing countries on 1st jan 2005 this quota hv

been abolished nd this is expected to benefits traditional textile exporter like India ndChina....

Mention the Ministerials of the WTO that have been held since the emergence of the

WTO in 1995, chronologically?Singapore 1996geneva 1998seattle 1999doha 2001cancun 2003hongkong 2005geneva 2009

What are the four modes mentioned in the General Agreement on Trade in

Services(GATS) of the WTO and in which of the four modes does India have special

interest?Mode1 or cross border supply of service provided by service provider without physicallypresent

example: BPOMode 2 service that are consume abroadexmple: education


22/82


22

Mode 3 or service where commercial presence of service provider is essentialexmple: banking

Mode 4 : all presence of natural person under this... The natural person move across the

border to provide servicesexmple: skilled professional like doctors

Which one is the last country to join WTO?Russia is the latest country to join WTO.

How many members are there today in WTO?157 member there. Confirmed

What is MERCOSUR ?economic and political agreement among Argentina, Brazil, Paraguay and Uruguay....topromote free trade and the fluid movement of goods, people, and currency.

has India signed a PTA wit Mercosur ?yes,.. india signed PTA with it... but its has failed....

India Afghanistan PTA.........Afghanistan grants preferential tariff to 8 products fromIndia including black tea, ayurvedic and Homeopathic medicine, other medicine, sugar,cement......

India grants preferential tariff to 38 products from Afghanistan which type of products ?agriculture products like dates

According to SAFTA ....NDLCS has to reduce tariffs for LDCS products to 0-5 % in

3 years from contract....which r NDLCS nd LDCS countires ?india, Pakistan, Sri Lanka are categorised Non-Least Developed Contracting States(NLDCS)Bhutan, Bangladesh, Nepal, Maldives are Least Developed Contracting States (LDCS).

Is Afghanistan a SAFTA member ?


23/82


23

Afganistan is a member of SAFTA but it has got relaxation of 3yr to reduce the tarriflevel 0% as agreed by SAFTA. the yr for others is till 2012

The main objectives of SEZs areThe main objectives of the SEZ Act are:

(a) generation of additional economic activity(b) promotion of exports of goods and services;(c) promotion of investment from domestic and foreign sources;(d) creation of employment opportunities;(e) development of infrastructure facilities;

The Special Economic Zone (SEZ) Policy was announced in ............ (year -India)2000

Difference between debits nd credits ?In personal a/c [ "Dr" is receiver & "Cr" is giver ]........In Real A/c ["Dr" is what comes in &"Cr" is what goes out ]........In Nominal A/c ["Dr" is All incomes and gains & "Cr" is Allexpenses and losses ]

The theme for this years International Trade Fair in India was ?

Indian handicraft-d magic of giftd hands

31st India International Trade Fair held recently ...at which place ? new delhi(pragatimaidan)

Country's prosperity or adversity is not judged by its favorable or unfavorable

balance of trade but by its favorable or unfavorable balance of payment...Comment !to some extent it is right that how much a country can take competition. ARAB countries

has always their +Bop but the economy level and people there are not so much competantas indians are. whereas india's always having -BoP but Rimmitances sent to it by NRI showsthe competancy level of india.


24/82


24

The Red Corridor is a term used to describe the region in the east of India that

experiences considerable Naxalite maoist militant activity.Red Corridor or CompactRevolutionary Zone (CRZ)...write more on it.Red corridor expanding from AP to pashupati in nepal... Nd 8 states of india i.e. AP,CHHATISGARH, MAHARASHTRA, ORRISA, WB, JHARKHAND, BIHAR, MP, 200 districtcomprises by CRZ 60 of them highly sensitive area... Also expanding thier (maoists)footprint to northeastern states...

Sukhoi-30 fighter aircraftits russian 5th generatin fighter ppane..... in india alteast 6 airbase will equiped wid displane....

novel Kaval Kottam, won the Sahitya Akademi award for the year 2011... writeauthor's name and also write name of Tamil muvi based on novel.su.venkatesan....muvi based on novel is aravan directed by vasantha balan

What is the Duronto Express?The Duronto Expresses are one of the fastest trains in India.The Duronto trains are to plybetween the Metro Cities of India. Mamata Banerjee announced the introduction of thenon-stop Duronto Express trains in the Indian Rail budget 2009-10 as a first step towardshigh speed rail travel .it is Fastest train by Indian Rail(even faster then Rajdhani &Shatabdi)..recently Government is planning to introduce tatkal scheme effective from april1,2012

jayamala sabarimala case...put some light on it !She was the centre of the cyclone when she claimed that she touched the Lord Ayyappaidol in Sabarimala. Women from the age 10-50 are banned from entering sabarimala. Itcreated a furor in India and led to ideological warfare in Indian media and courts.The crux of the controversy lies in her claim that she had touched and prayed for her late


25/82


25

husband's health at the famous Indian hill shrine of Lord Ayyappa at Sabarimala in Keralastate in April 1987. Women who are fertile are barred from the temple because of thelegend that Lord Ayyappa, to whom the temple is dedicated, was a celibate andconfirmed.he controversy is not going to die down since Hindu activists have demanded aproper atonement by those defiled the temple, especially by Jayamala. And the case

whether women should be allowed in Sabarimala is considered by Supreme Court.

IAS OUR DREAM

The Whistleblowers Protection bill has been passed by the Union Cabinet on August 9,

2010. The bill is officially known as the Public Interest Disclosure and Protection to

Persons Making the Disclosure Bill, 2010.

Indian Law: Key Features of the Whistleblowers Protection Bill

Some of the key features of the proposed Indian law are as follows:

It will protect the whistleblowers from any discrimination or victimization in their

workplace.

It provides for concealing the identity of a citizen who discloses information about

the misuse of power and money. Those who reveal the identity of the whistleblower

will be held liable and penalized, by the Central Vigilance Commission (CVC).

The offenders will be liable for imprisonment up to 3 years and a fine up to Rs.50,

000.

There will be penalization in case of delays in response, under the Right to

Information Act. A fine of Rs.250 will be imposed for every day of delay beyond the

set deadline.

There will be penalization for officials who try to mislead the CVC.

The bill provides for addressing complaints against public sector employees and

employees of the Central and the State Government.

The bill also ensures the honest government officials are not harassed in anywaybut those individuals who file false complaints and charges will be liable for

imprisonment up to 2 years and fine up to Rs.30, 000.


26/82


26

No Dow logo in London Olympics,,,,put light over itThe organisers of the 2012 London Olympics said that Dow Chemical's name will not appearon a fabric 'wrap' around the main stadium, in an issue which sparked threats of an Indianboycott.India is opposed to the company's involvement with the Games because of its links to the1984 Bhopal gas disaster which killed tens of thousands of people in the Indian city.The London organisers, LOCOG, said it was never their intention Dow's name would be onthe wrap during the Games, but Dow had now also agreed that its branding will not noweven appear on five 'test' panels either.A LOCOG spokeswoman told AFP: "There will definitely not be any Dow Chemical brandingon the wrap before, during or after the Olympic Games.

"There was discussion about (having the branding on) the test panels but Dow Chemicalhave now agreed to adhere to what we call our 'clean policy'."Dow is a major sponsor of both the London Games and the International OlympicCommittee.India's Olympic chief said on Friday that any decision to boycott the London Games overthe involvement of Dow rested with the government.Vijay Kumar Malhotra, the acting president of the Indian Olympic Association (IOA), saidhis body could only lodge a protest against the use of Dow Chemical as a sponsor with theOlympic organisers, but could not decide on a boycott.Dow is now the parent company of Union Carbide, whose pesticide plant leaked gas intoBhopal in 1984 in the world's worst industrial accident.

Robinhood Tax...Write abt it ?Robinhood Tax... much talked about this tax in the recent G20 meet. Its about taxing thefinancial transactions. It issimilar to tobin tax ( but rhe tobin tax was related to taxing foreign exchange only).Themoney thus raised could be used topoverty allevation, fighting climate change...

Bandipur Tiger Reserve on the Kozhikode-Kollegal National Highway 212, a key link

between the two States...which two states m talking abt...karnatka kerala

movie Dam 999 banned ,,,,why ?,,,what is der in dat movie ?


27/82


27

Its a uae-indian english 3D movie. . .based on d dam disaster of banqiao dam of china whokilled more than 250,000 peoples..Bnned in TN on d basis of dat it disturb d cordinalrelations between TN N KErala. .made by sohan roy, director frm kerala

United Russia party convention nominated Vladimir Putin, as the presidential candidatefor the 2012 Presidential elections....a billionaire business man is standing againsthim,,,,i guess,,what is his name ?Mikhail Prokhorov.

Name the Brazilian Filmmaker & Journalist, who died in Goa while addressing IFFI

Forum...?Oscar Maron Filho.

Scientists discovered the Gene called ABCC9 that Controls ....................?It can reduce the length of time we sleep

Ameya Walavalkar...belongs to which sport ?....why in newzzzz?Ameya Walavalkar registered his sixth win of the season in the Formula LGB Swift class,thereby clinching his maiden drivers championship title in the sixth and final round of theJK Tyre-FMSCI National Racing Championship at the MMRT in Irungattukottai.

Ustad Sultan Khan...played which instrument ?....belonged to which gharana ?sarangi...indore gharana

NASA launched Rover, nicknamed Curiosity to explore ...what ?(1)Mars's habitability. (2) to determine whether Mars is/has ever been an environmentable to support life. (3) it is intended to chemically analyze samples i.e.,soil, drill rocks witha laser and sensor system.

UPA-II Government set up an expert group headed by Planning Commissionmember...................... for power sector reformationb.k.chaturvedi

Ken Russell died last month,,,who was he ...he was known for ?English film director..known for making films on controversial topics !


28/82


28

Afghanistan awarded Mining Rights for Three ................ Blocks to Indian

Consortium led by SAILAfghanistan has awarded mining rights for three iron ore mines in hajigak to indian

consortium led by SAIL.

The Supreme Court ruled on 28 November 2011 that awards passed by the Lok

Adalat either in criminal or civil matters are bound to be implemented through a courtdecree,,,,,,,,!,,,,what is a Court decree,,,,xplain to a layman !an official proclamation by a judge that defines the legal relationships between the partiesto a hearing, a trial, an appeal or other court proceedings

Kuwaits Prime Minister and Cabinet Resigned amid Accusations ofCorruption......name ?Sheikh Nasser Muhmad al-Ahmad al-Sabah

MCD (Municipal Corporation of Delhi) Trifurcation....Union Gov approvd it....how wl it

b divided ?it divides delhi into three separate corporations East Delhi Municipal Corporation, NorthDelhi Municipal Corporation, South Delhi Municipal Corporation..

Who is Justice M. Karpaga Vinayagam ?...position of responsibilty ?chairperson for appelate tribunal of..Electricity, Petroleum and Natural Gas

Indira Goswami passed away recently,,,,she was ?,,,,major wrks include ?...sobriquet

?

indira goswami was an assamese editor,poet,scholar and writer. popularly known as mamonibaideo..her pen name r sobriquent r pet name is mamoni raisom goswami...She was thewinner of the Sahitya Akademi Award (1983), the Jnanpith Award (2001) and PrincipalPrince Claus Laureate (2008) and many othr awards...her famous works include The Moth

Eaten Howdah of the Tusker, Pages Stained With Blood and The Man fromChinnamasta....well known for her attempts to structure social change, both through herwritings and through her role as mediator between the armed militant group UnitedLiberation Front of Asom and the Govt of India. Her involvemnt led to the formtn ofPeople's Consultative Group, a peace committee.


29/82


29

Nagas lifted Economic Blockade from Manipur after ............. Days121 days

Vishwakarma Rashtriya Puraskar is given for ?Previously known as Shram Vir National Awards, est. in the year 1965 for rewarding &recognizing the efforts of workers from the industrial undertakings at the national level,given by Government of India, Ministry of Labour & Employment.

Barshaman Pun..who is he /?

y governor of the bank for nepaly newly appointed finance minister there

The Bangladeshi Parliament on 29 November 2011 passed a landmark bill, the Vested

Properties Return (Amendment) Bill 2011........what is d feature of this act ?bill that will enable the return of property seized from the country's Hindu minority

Who is C.S. Verma..why in newzz?director of BHEL..chairman at SAIL..gm at indian rail financial corporation ,and gm at delhi

stock exchange..(DSE)

ONGC announced two significant oil discoveries at d start of this month ...which rthese two areas ?North Kadi area of Gujarat's Mehsana district..Panna Area 40 kms from Mumbai High.Alsoin Hortoki village in northwest Mizoram

KYC Registration Agency (KRA) ...watzz dat />?To prevent duplication in customer identification process, market regulator SEBI todayissued guidelines for KYC(know your customer) Registration Agencies and said wholly-owned subsidiaries of stock exchanges and depositories would be eligible able to act insuch a role.

Basava Sri Award for 2010 was given to ?...which Indian state gives it ?


30/82


30

given to Medha Patkar.by karnataka state.The award is presented on the basis of anindividuals contribution for social reforms and social change and work for bringing aboutreligious harmony.

section497 of the Indian penal Code...Supreme Court had to say sumthing regardingit ,,,,wat was dat ?grounds - that the provision reduces a married woman to a property of the husband, andthat punishment is meted out to the man though the woman with whom he had consensualsex was an equal partner in the alleged crime.

Kishori Scheme launched ..provide details ?Delhi becomes the first State in the country to reach out to as many as 7.5 lakh girls atone go with a scheme that aims to provide them a better and healthier life with

dignity...to promote menstrual hygiene among these girls..sanitary napkins would bedistributed to adolescent girls.

National AIDS Control Organisation (NACO) decided to roll out 21 ART Plus centres

to to provide second line drugs to HIV patients...what actually r these second linedrugs? y they called so ?Any therapeutic agent that is not the drug of choice, or the 1st normally used to treat aparticular condition; in rheumatoid arthritis, 2nd-line agents are used when standard'first-line' therapyie, anti-inflammatory agents and corticosteroids fail !!!

.............................defeated India 4-3 in the final of the Champions Challenge

hockey tournament in JohannesburgBelgium

Legendary weightlifter ............................. resigned as vice-president of the

national body, Indian Weightlifting Federation on 1 December 2011k.malleshwari

BEDMAP...whats dat ?A new detailed digital map, BEDMAP configured by British and Australian scientists,revealed astonishing new geological facts about Antarctica, not known till now.... describingthe thickness of the Antarctic ice sheet collected on surveys undertaken over the past 50

years have been brought together into a single database.


31/82


31

The theme was 'Getting to Zero' this year.....which is dat day !World AIDS day

Columbian Film Porfirio received some award in India...which one ?..write abt the

filmm also !Golden Peacock Award for the Best Film at the 42nd International Film Festival of India2011"Porfirio" is a documentary telling the story of Porfirio Ramirez -- a Colombian paraplegicwho highjacked a plane in 2005 with two live grenades he had hidden in his diaper while inhis wheelchair. His purpose was to demand state compensation for a 1991 shooting thatleft him paralyzed from the waist down.

World Disability Day observed on ?..date ?3 dec

The one-day global conference in Bonn on Afghanistans future ended on 5 December

2011,,,write abt Bonn ....?..geographical location...famous for ?bonn was capital of east germany... dr ambedkar once studied there...its on d banks ofrhine river....And Bonn has developed into a hub of international cooperation in particular inthe area of environment and sustainable development.The City currently hosts 17 United

Nations institutions.Kishore Biyani ..in newzz why ?Deccan Chronicle will buy the stake owned by his flagship firm, Pantaloon, in Future CapitalHoldings. He sold it for 700 crores.

Kepler-22b..whats dat ?A new planet discovered by kepler satellite of NASA. orbiting in habitable zone around itssun about 600 light year away n may be a potentiallyl viable life sustaining planet

Justice P.N. Bhagwati Award ,,,winner this year ?naveen jindal .for outstanding contribution to legal education and corporatephilanthropy...and on the same day Justice V.R Krishna Iyer Award was awarded to the twoUnion Ministers, Kapil Sibal and Salman Khurshid


32/82


32

Integrated Skill Development Scheme (ISDC) for the textile and apparel sector was

launched by the Ministry of .Textile ....what r d salient features of this scheme ?26 textile parks ka PPP ki help se development,,,6 maharastra,,4 rajasthan,,2 andra nad

tamilnaad others,,,,3600 crore total amount is granted and also cover apperal inhancementfund of 10544 crore....

The Union Ministry for Urban Development on 6 December 2011 launched theNational Common Mobility Card (NCMC), by the name More....what is it actually ?The brand name has been chosen More signifying the national bird Peacock .to promotethe user to perceive it as a single transport system and provide the commuter with aseamless, efficient and hassle free travel experience across the length and breadth of thecountry. The implementation of More will be partly funded by Central Government under

the JnNURM scheme covering the buses sanctioned under the scheme.

...................received Cond Nast Traveller India Award-2011,,,name the city in

India ?Udaipur

Lok sabha on 7 December 2011 passed the New Delhi Municipal Council (Amendment)Bill 2010..features ?

y The bill seeks to change the structure of the NDMC by making the MP of the areaits member with voting right. Prior to this, the MP was just a special invitee to thecouncil.

y NDMC will have three women members and two nominated members.

EMB-145I is in newzz...wats dat ?The first fully modified aircraft, EMB-145I for the indigenously developed IndianAirborne Early Warning and Control System (AEW&C) undertook its maiden flight fromSao Jose dos Campos in Brazil on 6 December 2011

...............................won a green award for reducing emissions of polluting

gases in the national capital


33/82


33

Delhi Metro Rail Corporation(DMRC) ..22 crore carbon credits given toDMRC in oct 2011

ICICI Bank and IDBI Bank together launched Indias first credit default swap (CDS)

on 7 December 2011.......What is CDS ? explain to a layman !The difference between traditional insurance and CDS lies in the fact that it guaranteessecurity to the buyer. In case of default, buyer gets the face value, while seller gets theassurance that apart from the defaulted value, they will get a chance to recover loan atsome later time.

Scientists identified a new gene HTR7,,,,,,,,,,this gene is mainly reponsible for /?wich make people alcoholic

England batsman ..............received Member of the Order of the British Empire(MBE) medal from Britain's Queen Elizabeth II.....? name of d cricketer

...?...Member of the Order of the British Empire is given for ?Alistair Cook...It is given for distinguished services in areas such as social services,science, arts, sports etc.

Indian government approved the setting up of an Independent Evaluation Office to

evaluate impact of flagship programmes.................put light over this IndependentEvaluation Office !IEO will be an independent office attached to the Planning Commission under a GoverningBoard chaired by the Deputy Chairman, Planning Commission. It will be funded by thePlanning Commission and will have as its head a full-time Director General (DG) in the rankand status of Member, Planning Commission. It will have full functional autonomy todischarge its functions.

...........was elected chairman of the UN panel of external auditors...his also ?Mr Vinod Rai..his also Comptrolr and audtor gnrl of india

What is teledensity ...what is d teledensity of India ..presently ?The overall teledensity (telephones per 100 people) in India reached 76.03%.,,,as per dlatest data provided by TRAI !

Defence Minister ordered a probe based on a revelation that possible corruption in

the procurement of Rs. 500-crore worth of equipment..who is d present Defence


34/82


34

Min. of India.....nd what is d matter all abt ?A k Antony... image analysing softwares which are outdated without regular updates.

25th national sub-junior badminton championship..who won ?Laa talar

The Parliamentary panel on law and justice, headed by ...............stated that the

Constitution should be amended to set up a National Judicial Commission with powersto initiate criminal prosecution and sacking of corrupt judges. whose d chairperson ?Abhishek Manu Singhvi

India won its 6th SAFF Championship title against ?...which nationAfganishtan 4-0He famously captured vignettes of Goan life on canvas in his trademark style for over

two decades.....is passed away recently...who was he ?Mario miranda

Green Film Festival was held in Delhi from 6 December to 10 December 2011.

................................. was the theme of the festival.'Biodiversity Conservation'..

The Supreme Court directed state governments to build adequate number of night

shelter to ensure that no homeless person has to sleep under sky this winter..A Bench of justices Dalveer Bhandari and Justice Dipak Misra

The Lok Sabha on 12 December 2011 passed the amendments to the Petroleum and

Minerals Pipelines (Acquisition of Right of User in Land) Act, 1962....what r d salient

features ?The Bill aims to make provisions for sufficient deterrence to criminals from committingthe offence of pilferage or sabotagepenalty.. n even death sentence in extreme cases..

CCEA approved National Electricity Fund.....what is CCEA..?....write abt it !Cabinet Committee on Economic Affairs... Cabinet committees are smaller group of


35/82


35

ministers that is formed to reduce the burden on the cabinet which is the supremedecision making body..cabinet commitee on economic affairs deals with the economicissues...

A Sukhoi Su-30 MKI fighter aircraft from the Lohegaon Air Force Station crashedon 13 December 2011 at a place near Wadebholai, 25 km away from the Punecity..............MKI in Su-30 MKI stands for ?MKI stands for "Modernizirovannyi, Kommercheskiy, Indiski" meaning "Modernized,Commercial, Indian"

Abhijeet Gupta .. is related to which sport,,,why is he making newzz ?chess player form bhilwara, Rajasthan...wins FIDE in london

What was d Supreme Court of India verdict on Mullaperiyar dam ?* There is no immediate requirement to lower the water level to 120 feet that was thedemand from Kerala's side. The water level should maintain its status quo of 136 feet.* SC reprimands both Kerala and Tamil Nadu for adding fuel to fire considering the risingtensions in the border areas.* The court cannot be utilized for political gains.* The SC commented harshly on Tamil Nadu CM Jayalalithaa's attempt to stokecontroversy through print ads.* On Tamil Nadu's demands for CRPF protection for the dam, the SC ruled that this

decision should be taken by the Centre.*The Sc also commented that the empowered committee was looking into the safetyaspects of the dam. The judges said, ""If there would have been an emergency situation,the committee would have taken up the matter or brought it to our notice. In the absenceof either, we believe the situation is not grave as being projected."

The apex court acknowledged the fears of Kerala with regards to the safety of its peopleand the possible safety hazard of the aging dam. The bench of judges hearing the mattersaid, "Safety of the people is paramount, whether in Tamil Nadu or Kerala...this can't be

compromised."......................Emerged as the Best City in India in the implementation of

BSUP....which city...also whatis BSUP...write abt it ?Ahmedabad...BSUP means basic services to urban poor...ahmedabad , is emerged as thebest city in implementing BSUP. BSUP means that to provide poor people their basic needs


36/82


36

new President of Tunisia is ?.....which party /?Moncef Marzouki

hydrogel made by scientist in newzz...what actually is d newz ?Hydrogel is helps grow new scar-free skin over third degree burn.It is made by water andfibrous polymer.

The Lok Sabha on 13 December 2011 unanimously passed a Bill to further amend the

Cable Television Networks Regulation Act, 1995....write a few features ,,,,abt thisACT !As per the amendments, there will be a check on objectionable contents. Doordarshan will

be able to provide more free-on-air channels in the DTH mode to audiences across thecountry. Cable TV operators violating the provisions of the Bill will face penalty By 2014,the entire cable network will be digitized.

........................Governemnt announced a package of two thousand crore for the

distressed cotton, soya and paddy growers....recently ...state ?Maharashtra

CRISIL Research released its report on profitability of textile companies on 14

December 2011...CRISIL full form ?...write few points abt it !Credit Rating AND INFORMATION SERVICE IN INDIA ..a global analytical companyproviding ratings, research, and risk and policy advisory services.

Lord Swraj Paul was in newzz ...why ?Lord Swraj Paul, leading NRI industrialist, has been conferred with the Life TimeAchievement award for his outstanding contributions in various fields. The award,instituted by an Indian company Powerbrands..

Non-Stop India .....a book ....author ?mark tully.. released recently.... by dr.kalam

Parliamentary committee headed by former Finance Minister Yashwant Sinha rejected

reform to allow ..........% FDI in insurance sector


37/82


37

It rejected the proposal of 49% FDI in sector on grounds that the alternate route formeeting the capital needs of the sector has not been seriously explored.

NASA developed SPACE HARPOON...what actaully will it do ?an equipment that will collect samples of comet

The Government of India and the Asian Development Bank (ADB) on 15 December

2011 signed an agreement for the first tranche (113 million US dollars) under the350 million US dollars ...... Clean Energy Transmission Investment Programme...it is

wit which state in India ?Himachal Pradesh

Citizen Engagement through Social Media...was sumthing Sibal is wrking on thesedayzz...elaborate !online accounting to all the literal citizens of india through social networking sites.

Trichy Sankaran...was in newzz why ?sangeetha kalanithi.. in recent chennai il thiruvaiyaaru prog

................was named Time magazines 2011 Person of the Year on 14 December

2011

'The Protester'... from arab spring to athens and wall street to Moscow

Jacques Chirac was in newzz...whose he ?former president of france...found guilty of corruption

RBI announced non-direct intervention measures in the wake of steady weakening of

the rupee against the dollar.....What actually r those non-direct intervention

measures ?by not actively trading in forex market by using official forex reserves

Who is the worlds largest COAL Miner ?The world's largest coal miner is Coal India Ltd (CIL's)


38/82


38

OPEC decided to increase its Production Limits to 30 million Barrels a Day....What

does OPEC stand for...how many members does it has..nd where is its HQ ?Organization of Petroleum Exporting Countries - 12 members -.Qatar, Indonesia, Libya,the United Arab Emirates, Algeria, Nigeria), Ecuador, Gabon,Angola,Islamic Republic ofIran, Iraq, Kuwait, Saudi Arabia and Venezuela are members of OPEC and the head quartes

are in Vienna.. A special point-HQ is in non member country...

Government agreed to give some Percent of the Group B Posts in Paramilitary Forces

to ex-servicemen....how much is d percent ?10%

MS Reddy in newzz ? why ?..who was he ?Famous telugu film producer, social activist and also writer of some novels in telugu..

dadasaheb falke award laureat n recently passed away @ 92

George Whitman...died recently..who was he ?George Whitman, who has died aged 98, was for more than 50 years the proprietor ofShakespeare and Company, the English language bookshop on the Left Bank of the Seine inParis.

Reserve Bank of India has came up wit its policy recently...d Repo Rate it decided is

?8.5 pc

Pentavalent vaccine

***At present, there are 170 countries using the pentavalent vaccine of the 193

World Health Organisation member states.

***Pentavalent vaccine will protect children from Diphtheria, Pertussis, Hepatitis B

and Haemophilus influenzae Hib disease, which is a new addition to the routineimmunisation programme in the country.

***Goa has been administering pentavalent vaccine from the State budget since 2008

which was initially introduced in selected blocks but the entire State was covered in

2011.


39/82


39

Bhimbetka is famous for ?Raj. MP border ... It is the most ancient rock sculpture found in India, and is the evidenceof these rock shelters being inhabited by man for more than thousands of years..the site

has been honored as the World Heritage Site by UNESCO...

What is a default (Economy question)default occurs when a debtor has not met his or her legal obligations according to the debtcontract, e.g. has not made a scheduled payment, or has violated a loan covenant(condition) of the debt contract. A default is the failure to pay back a loan..

A "clinical death" take place when ?When the heartbeat stops, a person is suffering clinical death - by definition, butconsciousness is not lost until 15-20 seconds later. Up to this point, a person doesn't feelanything about the critical situation

the presnt RAW Chief is ?SK Tripathi

Manipur Rifles Personnel had went on strike at some point of time in history.... can u

tel when nd why ?

2000... demand to increase their allowances...For the shoot the terririst in north-westindia...nakslide ke liye shut ka order

Name the Indian Home Minister whose daughter was kidnapped by the Kashmiri

militants ...nd she was released later on d condition dat five of their comrades

bfreed from prison.mufti mohammed sayeed

What is elephantiasis ?also called filarasis,in which the leg of indidual beomes too much swollen.nd its a helminthdisease.

Difference between Protozoa and Metazoa ?


40/82


40

Protozoa:1. They are single celled organisms.2. 2. A single cell performs all functions; therefore there is no division of labour.3. They have a cellular grade of organization, e.g. Amoeba paramecium.

Metazoa:1. They are multi-cellular organisms.2. They show division labour as different cells or organs perform different functions.3. They have cellular tissue, organ and system grade of organization, e.g Sponges tochordates.

(a) Multiprogramming(b) Multitasking(c) Time-sharing(d) Multiprocessing

explain each term !

1. Multiprogramming is a concept which increases the CPU utiliztaion by organizing jobs sothat the CPU always has one job to exeute ; ( CPU should not remain idle.)

2. Multi-tasking is a logical extension of Multi programming where the CPU executesmultiple jobs by switching among them, but the switches occur so frequently that theusers can interact with each program while it is running.3. multiprocessing: for solving big computational problems,,.which requires more powerthan a single processor,,.so,shared and solved by multiple processor's ..also called multithreading4. Time-sharing is the sharing of a computing resource among many users by means ofmultiprogramming and multi-tasking.

What is NEFT?-------------------National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitatingone-to-one funds transfer. Under this Scheme, individuals, firms and corporates canelectronically transfer funds from any bank branch to any individual, firm or corporatehaving an account with any other bank branch in the country participating in the Scheme.


41/82


41

List down the imporatnt monuments which Shah Jahan made ?taj mahal,red fort,jama masjid,shalimar gardens of lahore,sections of lahore fort,hisfather's mausoleum..

The Indian language known as the 'Italian of the East' is ?it is Telugu, the reason is that every word (sounds) which is spoken in telugu and Itaianlanguages will end with a Vowel.

The principal languages of Lakshdweep are ?main languages of lakshwadeep are malayalam and mahl...most spoken is malayalam

Which Union territories in India has a Legislature ?puducherry n delhi

Oriya will now be known as Odia with the passing of Constitution ..........th

Amendment bill in Parliament113th

First state to be formed on linguistic basis in India was ?1 oct 1953 andrapradesh

Egmore Museum is located at ?chennai 1851

Naval Aviation Museum is located at ?bagmola , goa

What is Liquidity Adjustment Facility (LAF)the policy of using repos and reverse repos is called LAF.

A nuclear power plant is to come up in Haripur in West Bengal..put light overthis,...?


42/82


42

A nuclear park is proposed at haripur in west bengal to be built by the Russian companyRosatom.A nuclear plant which produces 1000 mw or more of energy is known as a nuclearpark.It is a part of agreement between India and Russia signed during the PM's visit toRussia.There is a lot of opposition to this project in the name of environmental damageswhich it may cause.

what is Financial Literacy?Financial literacy is the ability to understand finance. More specifically, it refers to theset of skills and knowledge that allows an individual to make informed and effectivedecisions through their understanding of finances....

xplain financial inclusion nd financial exclusion ?*Finalncial Inclusion--Access to finance, especially by the poor and vulnerable groups, is an

essential requisite for employment, economic growth, poverty alleviation and socialupliftment. Further, financial inclusion will enable the poor and the rustics of our countryto open a bank account to save and invest, to borrow and to repay, to insure and to takepart in the credit. This will enable them to break the chain of poverty and*Financial Exclusion is the lack of access by certain consumers to appropriate, low cost,fair and safe financial products and services from main stream providers..

1st electric train came in India when ?>Betwn bmbay's victoria terminus n kurla along d harbour line of CR. On feb 3 ,1925 a

distance of 9.5 milesNational Remote Sensing Agency is at ?its Hyderabad

Indian Institute of Remote Sensing is at?DEHRADUN

Kaiga is famous for ?Nuclear power project.. in karnataka

Koyali is famous for ?Oil rfinary in gujrat


43/82


43

explain the phenomenon of Mirage !Mirage a virtual image formed in deserts during a clear sky due to total internal reflectionof sun rays because of changed refractive index of atmoshere as hot air in sunlight rises

ur forming areas of different optical density. Resembels like water when seen from a fardistance.

What is MICR ..wit relation to computers ?magnetic ink character reader

magnetic disk storage in computer refers /?Hard disk

The enzyme that can join pieces of DNA together is?DNA Ligase

define centre of mass and centre of gravity !center mass is the whol mass of the body which concentrated at the centre of the body.and...centre of gravity is point where body is balanced.

Explain each term(A) Ischemia(B) Hyperemia(C) Hemostasis(D) Hemorrhage

ischemia means its an restriction in blood supply due to the factors in blood vessels .hyperemia means increase of blood flow to different tissues in the body. hemostasis is tokeep the blood with in a damaged blood vessel. hemorrhage is bleedin or abnormal flow of

blood.

(A) Neutrophilia(B) Nephrosis(C) Necrosis(D) Neoplasia


44/82


44

xplain each term !

y neutrophlia is a condition in which neutrophil cells increase s

y nephrosis is a condition in kidney,mal function of nephronsy necrosis cells become deady neoplasia means new growth of cells such as increase in numbr

liver cirrhosis is caused due to ?dere r n no. f causes....like alcohol,hbv,hcv, aflatoxins

name some carcinogenic agents !aflatoxin.mustard gas,nickel and chromium compounds...acetaldehyde, benzenem , cadmiumdust and fume,DDT,environmental tobaco smoke

explain d principle behind frost formation ?on cold nights,the low temperature of the ground surface causes the temp of thesurrounding air to drop.thus,the moisture in the air condenses on the groundsurface,objects etc in the form of dew.when the temp drop is below freezing,themoisture will be deposited in the form of frost(powdery ice pieces)...

What is a antipyretic ?..give examples !the drug which help in lowering of body temperature...eg:-paracetamol.

Osmium..write few lines !Osmium is a chemical element with symbol Os. It belongs to platinum family and is thedensest natural element.

Do u know ...The number of images depends on the angle between the mirrors nd

can b dertermined by the follwing formula....

No. of Images = 360/angle between mirrors - 1

define focal length !


45/82


45

distance bw focus and centre of curvature

What is d Kaleidoscope,,,describe d principle on which it works !its basicaly a collection of mirrors containing sm coloured material,produces a colourful

phenomenon by reflection..60 degree. angle mostly between d mirrors !..Wrks on multiplereflection principle

Define virtual image !A virtual image is formed at the position where the paths of the principal rays cross whenprojected backward from their paths beyond the lens

What is umbra and what is penumbra?Umbra is the darkest portion of shadow... Penumbra is lighter than umbra... Usually thepenumbra is smaller the the ubmbra, but the solar eclipse on an exception.

A. Kata ThermometerB. AnemometerC. Sling Psychromete

Write one sentence on each !

kata - -measures the cooling power of the environment.sling psychro- 2 measure relative humidityanemo metr- 2 measure wind-speed

Shah Alam II..write abt him !also known as Ali Gauhar, was a Mughal emperor of India. A son of Alamgir II, he wasexiled to Allahabad in December 1759 by Ghazi-ud-Din, who appointed Shah Jahan III asthe emperor. Later, he was nominated as the emperor by Ahmad Shah...

Descirbe Kala - Azar />?Also knwn as blck fever caused by protozoan parasites. Its secnd largest parasitic killerdisease in d wrld aft.malaria


46/82


46

Write down The functions of DNA in human body !To help in the synthesis of protein...responsible for formation of cells. And also it affectsthe behaviour

The court language of the Mughals was ?Persian

Petrology deals with ?study of rocks, its origin, structre

Who first gave the theory of inheritance of acquired characters?Mendel

(a) Endobiology(b) Entrobiology(c) Neobiology(d) Exobiology

write in one sentence abt each !Endobiology-it is the study of relations of plants and people...Neobiology-it is a new way of looking at the exixting biological theories and memetics andallows the social sciences to be folded into biology.Exobiology-it covers the search for life beyond earth and the effects of extraterrestrialenvironment on living beings.

Beadle and Tatum are scientist known for ?one gene , one enzyme theory

Barometer was invented byEvangelista Torricelli

(a) Concology(b) Serology(c) Oncology(d) Chronology


47/82


47

write in one sentence abt each !a)study of mollusks shell.b)study of blood serum.c)study of cancer.d)science of arrangingevents in order of their occurrence in time.

Explain Photoelectric effect !discovered by einstein for which he was awarded the nobel prize in physics...when light ofsufficient intensity and frequency is focused upon a metal plate...electrons from thevalence bond are ejected...this is known as photo electric effectHargobind Khurana is credited for the discovery ofhe explained some of the characterstics of genetic code like genetic code istriplet..genetic code is comma less,etc.

Generators work in the principle of ?Faraday's law: Whenever a conductor carrying a current is placed in a Transversemagnetic field then an indu

Documents

Notes Ias My Dream