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September 25, 2020

Nobel Prize Money increased : Winners to get $1.1 Million Raise

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The head of the Nobel Foundation, Lars Heikensten today announced that the organization has decided to increase the Nobel Prize money to an extra 1 million crowns ($110,000) from this year. So the winners of this year Nobel Prizes 2020 will get 10 million crowns (around 8 crores) as prize money.
 
Earlier the prize money used to be 10 million Swedish kronor  (US$1.4 million). Later in June 2012, it was reduced to 8 million SEK, when the foundation launched a programme to improve its finances. 

Dynamite inventor Alfred Nobel left around 31 million crowns - about 1.8 billion crowns in today's money according to the Foundation - to fund the prizes, which have been awarded since 1901. The prize amount has varied over time, starting at 150,000 crowns and reaching 1 million crowns in 1981. The value rose sharply in the 1980s and 1990s, jumping to 9 million crowns in 2000 and 10 million in the year 2001.

"The work done in recent years to strengthen the Nobel Foundation's financial standing has made it possible to increase the prize sum," the Nobel foundation announced in a statement after the increment.

This year's Nobel prizes 2020 in the fields of medicine, physics, chemistry, literature, peace and economics will be announced from 5th October 2020 to 9th October 2020. 

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September 24, 2020

Impact of GST on Indian Economy : Advantages and Core Issues

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Goods and Services Tax (GST)

The Goods and Services Tax (GST) in India is a comprehensive, multi-stage, destination based tax that is levied on every value addition. It is an indirect tax levied when a consumer buys a good or service. GST has replaced many indirect taxes that previously existed in India. The 122nd Amendment Bill of the Constitution of India introduced a National Goods and Services Tax in India from 1st July, 2017.  

GST is a comprehensive indirect tax that is designed to bring the indirect taxation under one umbrella. More importantly it has eliminated the cascading effect of taxes that was evident earlier. After 17 years of continuous efforts the present GST law has come into effect. The journey of the GST law in India was not simple, unlike other laws. From its proposal in 2000 to its implementation in 2017, it has gone through many changes. The Goods and Services Tax is being rated as the most reformative measure proposed in the field of Indirect Taxation in the history of India It has been termed a potential game changer, the single biggest tax reform undertaken by India in 70 years of Independence.

The rollout of the GST on 1st July, 2017 in a single stroke converted India into a unified, continent-sized market of 1.3 billion people. It will bring uniformity of tax rates and structures across the country. It will increase certainty in ease of doing business i.e. make it tax-neutral, irrespective of the place of doing business in the country. In order to understand the features and objectives of the GST Act, first we need to take a quick look at the previous taxation system. Previously taxes were charged at every stage i.e. excise on manufacture, VAT/CST/ Service Tax on sales/services, entry tax or octroi on entry of goods in local area etc. This cascading effect of tax i.e. tax on tax, results in increasing the prices of goods and services. These taxes were imposed by the Centre and the states differently according to the lists in the Constitution of India. Now the new concept of GST is that it would be a single tax system which would be levied on 'supply' of goods and services. It will be jointly imposed by the Centre and States with the recommendation of a federal institution called the GST Council.
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Cultural Institutions of India for Competitive Exams

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India has several important cultural institutions. These are very important for upcoming competitive exams, especially for UPSC Civils, SSC and Banking Exams. Some of these are briefly described below. Happy Reading :)

LalitKala Akademi (National Academy of Fine Arts) 

It was established in 1954 in New Delhi to promote rid propagate understanding of Indian Art (i.e., paintings, sculptures, architecture and applied arts) ch within and outside the country.

Sangeet Natak Akademi (National Academy of Music, Dance and Drama)

It was established in 1953 at New Delhi to promote performing Indian arts (i.e., dance, drama and music) in collaboration with states and voluntary organizations.

National School of Drama

National School of Drama was established in 1959 at New Delhi as a premier theatre institution. In 1975, was registered as an autonomous institution, fully Danced by the Union Government.

Sahitya Akademi

It was established in 1954 at New Delhi with the objectives of developing Indian Literature: setting high literary standards; fostering and coordinating literary activities in all Indian languages; and promoting through them, the cultural unity of the country.

Archaeological Survey of India

It was established in 1861 at New Delhi with the objective of : 
  1. Conserving and preserving archaeological monuments and sites located in different parts of the country and maintaining site museums; and 
  2. Undertaking explorations and excavations, epigraphic research, study ofarchitecture and scientific studies and investigations.

National Archives of India

It was established in 1891 at New Delhi and was known as the Imperial Record Department till Independence. It is the official custodian of all non-current records of permanent value of the Government of India and its predecessor bodies.

Asiatic Society

It was established in 1784 at Calcutta by Sir William Jones, an eminent Indologist, with the objective of inquiring into the history, antiquities, arts, science and literature of Asia.

Zonal Cultural Centres

They were set up between 1985-90 for protecting, preserving and sustaining cultural kinship that transcends territorial limits. There are seven such centres :
  1. North Zone Cultural Centre in Patiala 
  2. East Zone Cultural Centre in Kolkata 
  3. South Zone Cultural Centre at Thanjavur 
  4. West Zone Cultural Centre at Udaipur 
  5. North Central Zone Cultural Centre at Prayagraj
  6. North East Zone Cultural Centre at Dimapur 
  7. South Central Zone Cultural Centre at Nagpur

Indira Gandhi National Centre for Arts

It was established in 1985 at New Delhi as a resource centre and database in memory of Smt. Indira Gandhi, former Prime Minister of India. It is visualised as a centre, encompassing the study and experience of all the arts. It is the biggest and the largest cultural complex in the world. 

Gandhi Smriti and Darshan Samiti

 It was setup by the Department of Culture in 1984 in New Delhi, primarily to maintain the national memorial of Gandhiji. The institution has published several books over the years and also organises the annual Gandhi Memorial Lectures by eminent scholars, both in India and abroad. 

Indian Museum

Founded in 1814 by the Asiatic Society in Kolkata, it is the earliest and largest multipurpose Museum in the entire Asia-Pacific region. It houses unique treasures of Indian and foreign art, representing centuries of cultural ethos and traditions.

Khuda Baksh Oriental Public Library

It is one of the national libraries of India. Khan Bahadur Khuda Bakhsh opened it for public in October 1891 in Patna. It has 4,000 manuscripts, of which, he inherited 1,400 from his father Maulvi Mohammed Bakhsh.

Library of Tibetan Works and Archives

Tenzin Gyatso, the 14th Dalai Lama, founded the library on 11 June 1970 in Dharamshala. It is considered as one of the most important libraries and institutions of Tibetan works in the world. The library contains sources, which were relocated from Tibet during the 1959 escape, including important Tibetan Buddhist manuscripts and archives related to Tibet's history, politics, culture and even art.

National Gallery of Modern Art

It was inaugurated on 29 March 1954 at Jaipur House, near India Gate in New Delhi. The gallery is the only one of its kind, run and administered by the Government of India, and represents the changing landscapes of art from the mid 19th century. It comprises paintings, sculptures, and graphics mainly by Indian and to some extent, international modern artists.

National Library

The National Library is located in Kolkata and serves as a permanent repository of all readings and information material produced in India as well as printed material, written by Indians and material concerning India written by foreigners, wherever published and in whatever language.

National Museum

It was established in 1949 in the Durbar Hall of Rashtrapati Bhawan in New Delhi. The current building was inaugurated in 1960. Its main activities are in the field of acquisition, exhibition, conservation, education and publication of art objects. There are 26 permanent galleries in the Museum, including galleries on Buddhist Art, Tantra Art, Decorative Arts, Evolution of Indian Scripts and coins, Tanjaore and Mysore School of Paintings and a Jewellery Gallery.

Nehru Memorial Museum and Library

Located in New Delhi, it aims to preserve and reconstruct the history of the Indian Independence Movement. Founded in 1964, after the death of India's first Prime Minister, Jawaharlal Nehru, it also aims to foster academic research on modem and contemporary history.

Salar Jung Museum

Located in Hyderabad, it derives its name from the Salar Jung (I to III), the erstwhile Prime Ministers of the Nizams of Hyderabad. It is a museum of national importance and houses rare and varied art collections from all over the world acquired by the Salar Jung.

Victoria Memorial Hall

It was built between 1906 and 1921 in Kolkata and is dedicated to the memory of Queen Victoria (1819-1901). It is now a museum and tourist destination.

Maulana Abul Kalam Azad Institute of Asian Studies

Located in Kolkata, it is the centre for research and training of the life and works of Maulana Abul Kalam Azad, for the study of the social, cultural, political and economic movements in Asia from the mid 19th century.

National Museum Institute of History of Art, Conservation and Museology

Located in New Delhi, it is a Deemed University that has been functional since 1989. Its main thrust is acquisition of teaching aids and software, setting-up a slide studio, preparation of syllabus-oriented video films, awarding Fellowships and Scholarships and conducting seminars and symposia.

Theosophical Society

The Theosophical Society, founded in 1875 in Chennai, is a worldwide body, whose primary objective is Universal Brotherhood without distinction, based on the realisation that life, and all its diverse forms, human and non-human, is indivisibly one.
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September 22, 2020

SSC Exam Calendar / Time Table 2020-2021 (SSC CGL, SSC CHSL Exam Dates) out

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New Dates of SSC CGL 2020 and SSC CHSL 2020 Exams

Friends, the Staff Selection Commission has released the new schedule for the exams it is going to conduct during the period 1st October 2020 to 31st August 2021. According to this annual calendar of examinations, the Combined Graduate Level Examination (SSC CGL 2020 Tier I) will be held during 29th May 2021 to 7th June 2021. Starting date of the SSC CGL 2020 applications will be from 21st December 2020 to 25th January 2021. The Combined Higher Secondary (10+2) Level Examination (SSC CHSL 2020) will be held during 12th April 2021 to 27th December 2021. You can apply online during 6th November 2020 to 15th December 2020. Check complete details below.
 

Check SSC CGL Exam Calendar 2020-2021 from HERE


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IBPS PO X Prelims 2020 Call Letters released

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Friends, the Institute of Banking Personnel Selection (IBPS) has released the Preliminary Exam Call letters for IBPS PO X online exam 2020. As you know, the organization has invited online applications for  the  next  Common  Recruitment  Process  for  selection  of personnel  for  Probationary Officer/  Management  Trainee  posts  for the year 2020 in various nationalized banks. Now it has came out with the online exam call letters for the same. The call letter download link will be available for download from today (22nd September 2020) to 11th October 2020  at the official website of the Institute of Banking Personnel Selection  (www.ibps.in). All the best :)
 



IBPS PO VII Preliminary Exam Call Letter download
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September 21, 2020

Essay : Inclusion of Women in Armed Forces

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Following the appointment of Snit Nirmala Sitharaman as India's full time female Defence Minister on 3 September 2017, and flagging off of India's first all women Navy crew for circumnavigation around the world, the Indian Army announced that it is working on a proposal for inducting women into the military police. The proposal is very significant as, for the first time, women will be inducted in the military's non-officer cadre, albeit in a non-combat role. With an annual intake of 52 personnel, the plan is to induct a total of 800 women for this. Not only this, three women have been inducted into the IAF as fighter pilots and Shubhangi Swaroop has become the first woman to be inducted into the Indian Navy as a pilot. Such efforts on the part of India must inspire the world community about rethinking the role of women in armed forces.

In the 21st century, gender equality is a prominent issue which is getting its due importance. The military has been primarily a masculine institution, where boys become men. The question arises as to why this is not applicable for women. Women's struggle to enter the military is not about seeking special privileges; rather it is about being able to compete on the basis of ability and not to be discriminated against on the basis of gender. It is not about proving that women can do anything that a man can do but about being judged as individuals by the same standards as men in any job for which they can qualify.

Women in the military have a history that extends over 4000 years into the past, across numerous cultures and nations. Throughout history, women have played many such roles from medieval warrior women such as Joan of Arc to the women soldiers of the USA currently serving in conflicts such as the war in Iraq. For the most part, however, the history of women in battle is a combination of myth and exaggeration, mixed with a few true accounts of unique women. Those women who did fight were often forced by circumstances into positions of military leadership or were included only when men were in short supply, as was the case in the Soviet Union during World War II. 

In the present scenario, women are serving in the defence forces of many countries such as The USA, Israel, Canada, Britain, Bulgaria, Germany, India and many more. But women are generally not included in on-field combat roles. They either serve in technical and administrative posts (mostly in medical and educational areas) or sometimes on voluntary basis on the battlefield. Women remain a fringe presence rather than an integral part of the military's image.

The most obvious argument is the fact that women might be weaker physically. Thus, they would not possess the physical attributes suitable to become combat soldiers. The Centre for Military Readiness, an American NGO, stated, "female soldiers are, on average, shorter and smaller than men, with 45-50% less upper body strength and 25-30% less aerobic capacity, which is essential for endurance". Contrary to what some seem to believe, technology has not overcome the importance of physical strength in the army. The line soldiers still engage the enemy eyeball-to-eyeball, belly-to-belly. In this setting, women are definitely at a disadvantage. Women were (and are) kept out of the armed forces because of the myth of biology, which gives the argument that women are supposed to be genetically programmed to nurture life and are physically and emotionally not strong enough for combat. Those who believe in this line of thought argue that this division of labour has been biologically determined. However, numerous historical studies have shown this to be untrue. The stereotype blames the woman for her problems, thus avoiding a critique of the system which creates many of the circumstances she finds herself in. 

The disruption of the combat unit's spirit because of low acceptance is cited as another reason for women to be banned from front-line combat situations. The idea is that soldiers would not trust women to perform their duties in a critical situation. Also, in a male dominated society, taking orders from a woman officer may not be acceptable to male soldiers. In addition, a concern is that romantic relationships between men and women belonging to the same unit could disrupt a unit's fighting capacity. Another argument against the inclusion of women in combat units is that placing women in combat would create a risk of them being captured, tortured and possibly sexually assaulted. Also, the women find it difficult to maintain femininity while serving in the military. Marriage and the subsequent birth of their children are major turning points in the careers of service women. Other aspects of service life, that bother women are enforced separation from their families, traditional inflexibility of working hours, excessive regimentation of social life, particularly the evening functions at the messes, which are treated more as a parade with emphasis on dress, time, ban on children, scant regard to late nights etc. 

Two points must be considered before answering the question of whether or not women should be permitted to enter the army. Firstly, the nature of the army as an institution and secondly, the nature of combat itself. If serving in the army was similar to civilian jobs, then yes, women should get equal opportunity in it, as on many occasions women have shown themselves to be at par with men in all areas from law to medicine and in service and business alike. Thus today, a woman who is willing to bear an equal burden to men can achieve whatever goals she desires. Critics of the combat exclusion rule point out that modem combat is technological and 'push-button' and that it does not require the brute strength of the combat soldier of old. There is a lot of truth in this point. However, the fact remains that physical strength and endurance are still the trademark of the effective combat soldier on the ground. Having said that, there is also a growing recognition of the operational effectiveness of women, particularly in peace operations. It is a fact that an increased percentage of female military personnel on UN operations are beneficial to operational effectiveness. A more balanced sex ratio among peacekeepers would reduce the sexual harassment of local women. It has been proven scientifically that women handle stress better and are also mentally tougher than men. India, which has one of the largest armies in the world, has until recently resisted the entry of women in its armed forces. It was in 1992 that India had begun recruiting women to the non-medical positions in the armed forces. More recently, the government took the first steps towards bringing women into fighting roles and also approved air force plans for female pilots to fly warplanes. 

Men were the leaders and women acted as nurturers and followers. That was the way things were, but nothing remains the same forever. Thus, the proper role of women in the army, especially the combat arms, will, of course, continue to be a volatile issue, not only in the army but also in society at large. It is a universally accepted fact that militaries are not created to generate employment and hence have nothing to do with gender equality. The perception of women being the weaker sex, coupled with serious lack of infrastructure, are reasons enough for policy makers across the world to not permit the inclusion of women in combat roles. In such a scenario, the Indian army has set an example by paving the way for the inclusion of more women, but only in non-combat roles. 

Difficult Words with Meanings :
  • Exaggeration - overstatement
  • Fringe - edge, border
  • Endurance - fortitude, patience
  • Disruption - disturbance
  • Volatile - tense, strained 
  • Harassment - intimidation, annoyance
  •  Pave the way - create the circumstances to enable (something) to happen or be done. 
shared by Nisheeta Mirchandani

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September 16, 2020

Meet the new Prime Minister of Japan : Yoshihide Suga

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The outgoing Japanese Prime Minister Shinzo Abe along with his cabinet has resigned today. This  makes the way for his successor and Japanese ruling party's new president Yoshihide Suga as Japan's next Prime Minister.

The 71-year-old Suga, known as Abe’s trusted aide, a longtime aide and chief cabinet secretary under Abe, is a self made politician. He is son of a strawberry farmer in the northern prefecture of Akita. Suga has won a landslide victory yesterday, to take over the Liberal Democratic Party (LDP). He pledged to carry on many of Abe's programs, including his signature "Abenomics" economic strategy. 

Suga has so far served in several key political roles, including most recently as chief cabinet secretary. He has also effectively been the face of Abe’s government, serving as its top spokesman and defending decisions in daily press conferences.  With this, Suga becomes the 1st new prime minister of the Reiwa era.

Former foreign minister Fumio Kishida and former defense minister Shigeru Ishiba were the other two candidates running for the Prime Minister post.


Abe, Japan's longest-serving prime minister (7 years and 266 days), announced last month that he was stepping down due to health issues.

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September 11, 2020

Good News : IBPS Clerks X Vacancies Increased

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Good news guys, the Institute of Banking Personnel Selection (IBPS) has increased the number of vacancies of IBPS Clerks X Recruitment 2020 by 1000. Earlier, there were only 1,557 vacancies in the recruitment notification released by the IBPS on 1st September 2020. But today the organization has confirmed that the vacancies has been increased to 2557. In this regard, the organization has released an updated notification. You can check complete details below. So those aspirants who haven't took this notification seriously can start your preparation now. All the Best guys :)

 Here is the list of Increased Vacancies in IBPS Clerks X



Name of the State          
Earlier Vacancies
Updated Vacancies
Andaman & Nicobar Islands
0
1
Andhra Pradesh
10
85
Arunachal Pradesh
1
1
Assam
16
24
Bihar
76
95
Chandigarh
6
8
Chattisgarh
7
18
Dadra & Nagar Haveli and Daman & Diu
4
4
Delhi
67
93
Goa
17
25
Gujarat
119
139
Haryana
35
72
Himachal Pradesh
40
45
Jammu & Kashmir
5
7
Jharkhand
55
67
Karnataka
29
221
Kerala
32
120
Lakshadweep
2
3
Ladakh
0
0
Madhya Pradesh
75
104
Maharashtra
334
371
Manipur
2
3
Meghalaya
1
1
Mizoram
1
1
Nagaland
5
5
Odisha
43
66
Puducherry
3
4
Punjab
136
162
Rajasthan
48
68
Sikkim
1
1
Tamil Nadu
77
229
Telangana
20
62
Tripura
11
12
Uttar Pradesh
136
239
Uttarakhand
18
30
West Bengal
125
151
Total
1,557
2,557

Important Details you should know about IBPS Clerks X Recruitment Notification 



Name of the Organization : Institute of Banking Personnel Selection (IBPS)

Name of the Post(s) : Clerks

Important Dates :
  • On-line registration including Edit/Modification of Application by candidates : 2nd September 2020
  • Last Date for Online Registration : 23rd September 2020
  • Download of call letters for Pre- Exam Training : 17th November 2020
  • Conduct of Pre-Exam Training : 23rd November 2020 to 28th November 2020
  • Download of call letters for Online examination – Preliminary : 18th November 2020
  • Online Examination – Preliminary :  
    • 5th December 2020
    • 12th December 2020
    • 13th December 2020
  • Result of Online exam – Preliminary : 31st December 2020
  • Download of Call letter for Online exam – Main : 12th January 2021
  • Online Examination – Main : 24th January 2021
  • Provisional Allotment : 1st April 2021

Participating Banks in IBPS Clerks X Recruitment Process
  1. Bank of Baroda
  2. Canara Bank
  3. Indian Overseas Bank
  4. UCO Bank
  5. Bank of India
  6. Central Bank of India
  7. Punjab National Bank
  8. Union Bank of India
  9. Bank of Maharashtra
  10. Indian Bank
  11. Punjab & Sind Bank
 Age (as on 1st September 2020) :
  • Minimum : 20 Years
  • Maximum : 28 Years
Educational Qualification :
  • A Degree (Graduation) in any discipline from a University recognised by the Govt. Of India or any equivalent qualification recognized as such by the Central Government.   
Application Fee :
  • Rs. 175/- for SC/ST/PWD/EXSM candidates.
  • Rs. 850/- for all others 
Check the updated notification of IBPS Clerks X Recruitment Increased Vacancies from HERE

Apply Online from HERE

(Online Application Link will be activated on 17th September 2019)


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IBPS RRB IX Office Assistants (Clerks) Preliminary Exam 2020 Admit Cards out

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IBPS RRB IX Office Assistants Call Letters

Friends, the Institute of Banking Personnel Selection (IBPS) has released the Admit Cards for IBPS RRB (Gramin Banks) IX Office Assistants Preliminary Exam 2020. You can download your call letters from the official website of IBPS (www.ibps.in) or from below link by entering your Registration No / Roll No and Password / DOB (DD-MM-YY). The Call Letter download link will be active from today (11th September 2020) to 26th September 2020.  All the Best :)

Thanks to Srujana Velpuri for the update



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September 10, 2020

Economic Survey of India 2019-2020 Quiz (Most Expected Questions for Competitive Exams)

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Friends, all of you know how important is the Economic Survey 2020 is for upcoming competitive exams. You will get at-least 5 questions from this section in IBPS, SBI Banking exams and at-least 3 questions for Railways and SSC Exams. So here we are giving you the most expected questions on Economic Survey 2019-20 in quiz format. Before reading this, we suggest you to download our pdf version of Economic Survey 2020. It will help you getting the basic idea of the concept. Later attempt below quiz to get good marks. Good luck guys.

Most Expected Questions on Economic Survey 2020

  • What is the estimated GDP of India as per Economic Survey 2019-20 ?   
  • India's ranking in Human Development Index 2019 is ?   
  • Currently, PSBs account for ______ % of the market share in banking.  
  • As per the World Bank, what is the rank of India in number of new firms created ?  
  • After 2015-16, the average household gained ₹10887 on average per year from the moderation in prices in the case of vegetarian Thali. Similarly, an average household that consumes two non-vegetarian Thalis gained around ₹________ on average per year during the same period. 
  • Consumer Price Index (CPI) inflation has been increased from 3.7 per cent in 2018-19 (April to December, 2018) to what per cent in 2019-20 (April to December, 2019)  ?   
  • India's second top export items are ?  
  • India's third top export items are ?  
  • India's top export items are ?  
  • India's top import items are ?  
  • Which Act legally entitles 67% of the population (75% in rural areas and 50% in urban areas) to receive highly subsidized food grains ? 
    • &
  • India's top imports continue to be largest from  ?   
  • Which states are front runners in SDG India index  ?   
  • According to Economic Survey 2019-20, SHRUG comprises a set of variables that describe the extent of socio-economic development in India in terms of demographic, socioeconomic, firm and political infrastructure of every district between 1990–2018. SHRUG is an acronym for ? 
  • According to World Bank's Logistics Performance Index, India ranks ______ in 2018 ?  
  • AEO is a programme under the aegis of the World Customs Organization (WCO) SAFE Framework of Standards. What is AEO ? 
  • After the 1980 nationalization, PSBs had a ______________ % share in the national banking market with the remaining % held by “old private banks” (OPBs) that were not nationalized. 
  • After the market reforms of which year, Sensex has not only grown, but has grown at an accelerating pace ? 
  • Borrowers seem to be suffering from the problem of ____________, which refers to a situation where all current income gets used up in repaying the accumulated debt, leaving little incentives to invest either in physical or human capital. 
  • By integrating "Assemble in India for the world" into Make in India, India can raise its export market share to ____% by 2025 and ____% by 2030 ?  
  • COP-25 of UNFCCC held at Madrid, Spain from 2nd to 13th December 2019 was organized by  ?   
  • CPSEs are most likely to perform better in the private hands due to factors like technology up-gradation and efficient management practices. These in turn would create wealth for the economy. What are CPSEs ? 
  • Current Account Deficit (CAD) in H1 of 2019-20 is ?  
  • Current GDP growth (2019-20) as per CSO's first Advance Estimates ?   
  • __________  is a short-term money-market security issued by large corporations to obtain funds to meet short-term debt obligations. 
  • Disinvestment of Government's shareholding of 53.29 per cent in HPCL led to an increase of around Rs. __________ crore in national wealth ?  
  • Electrical machinery and equipment represents the fastest growing among the top 10 export categories of India, up __________% from 2018 to 2019. 
  • e-NAM is an online trading platform for agricultural commodities for transparent price discovery. Expand e-NAM ? 
  • FinTech is forcing traditional banks to review their outdated business paradigms to come up with effective, low cost, banking solutions. PSBs have the maximum to gain from FinTech. What is FinTech ? 
  • Foreign reserves as on 10th January, 2020 ?  
  • Forest Cover in India is  what percent ?   
  • How many banks of India are in the list of global top 100 banks ?   
  • How many new companies were formed in 2018 ?  
  • How many new jobs were created between 2011-12 and 2017-18 ?  
    • s
  • How many times, India's Gross GST monthly collections have crossed the mark of Rs. 1 lakh crore (up to December 2019) ?   
  • According to Economic Survey 2020, in 2019, investment for every rupee in PSBs, on average, letd to the loss of ?  
  • ___________ provides farmers information on the nutrient status of their soil along with recommendation on appropriate dosage of nutrients to be used for their soil conditions. 
  • In COP-25 of UNFCCC held at Mandrid, India reiterated it's commitment to implement which agreement ?   
  • India has made substantial gains in the Ease of Doing Business rankings from _________ in 2014 to 63 in 2019. 
  • India hosted COP-14 to UNCCD and adopted the Delhi Declaration which is  ?   
  • India's top five trading partners are ?  
  • India’s share in merchandise (goods) exports in world exports has increased from 0.6% in 1991 to _______________ % in 2018. [Yet it remains paltry compared to 12.8% for China (2018)].  
  • India's GDP growth in H1 (April to September) of 2019-20 is ? 
    • t
  • India's largest export destination in 2019-20 is ?  
  • India's largest PSB, State Bank of India (SBI), was founded as Bank of Calcutta in 1806, took the name Imperial Bank of India in 1921 and became state-owned in ____________. 
  • ______________ stands for the negative consequences that can arise from a spike in the value of a nation’s currency ? 
  • _______________ funds are a category of debt mutual funds that invest in very short-term market instruments like treasury bills, government securities, and call money. 
  • As per Economic Survey 2019-20, Kautilya’s Arthashastra (Treatise on Wealth) states four branches of knowledge that further good governance. They are : Varta (economic policy), Dandaneti (law and enforcement), Anvikshiki (philosophical and ethical framework) and _________ ? 
  • Logistics industry of India is currently estimated to be around US$ 160 billion and expected to touch which figure by 2020 ?
  • MFIs are financial companies that provide small loans to people who do not have any access to banking facilities. Their objective was poverty alleviation via inclusive growth and financial inclusion. What are MFIs ? 
  • Name the financial valuation metric used to evaluate a company’s current market value relative to its book value ? 
  • Net FDI inflows in the first eight months of 2019-20 is  ?   
  • Net FPI inflows in the first eight months of 2019-20 is  ? 
  • Net remittances from Indians employed overseas in H1 of 2019-20 is ?  
  • NSS 73rd round on consumer expenditure shows that the share of cereals in Monthly Per Capita Expenditure (MPCE) has fallen by about ______ % in rural India and about ____________% in urban India from 2004-05 to 2011-12. 
  • Over-arching theme of Economic Survey 2019-20 is ?   
  • Prices of pharmaceutical drugs are regulated through the NPPA and Drug (Price Control) Order (DPCO). NPPA stands for ? 
  • Projected economic growth (2020-21) is ?   
  • Projected growth rate for agriculture & allied Services in Fiscal Year 2019-20 is what percent  ?   
  • The Base Year of the GDP Series was revised from 2004-05 to __________ and released on 30 January 2015. 
  • The Economic Survey 2019-20 was presented by the Union Minister for Finance & Corporate Affairs ,Smt. Nirmala Sitaraman in Parliament on ? 
  • The Economics of a Plate of Food in India is ?  
  • The Government can intervene in markets in two ways: Direct participation - as a market maker or as a buyer or supplier of goods and services and Indirect participation - through ______________ ? 
  • The Gross Non Performing Advances (NPA) ratio for Scheduled Commercial Banks between March and September 2019 is  ?  
  • The industrial sector, as per the Index of Industrial Production (IIP), registered a growth of ?    
  • The installed capacity of power generation in India as on 31st October 2019 is  ?   
  • The survey tried to estimate the inaccuracy, if any, in the GDP growth rate using the DID methodology as implemented by other studies which calculated the misestimation. What is DID Methodology ? 
  • The turnaround time of ships in India has been reduced to ? 
  • The year 2019 marked the golden jubilee of which famous financial activity in India ?  
  • To achieve a Gross Domestic Product (GDP) of USD 5 trillion by 2024-25, what investment is required on infrastructure  ?   
  • Trust can be conceptualized as a public good with the following characteristics. Non-excludability, Non-rival consumption and ____________ ?  
  • Under which Government Scheme 3.39 crore children and 87.18 lakh pregnant women of 680 districts across the country have been vaccinated ? 
  • Wealth creation happens in an economy when the right policy choices are pursued. For instance, wealth creation and economic development in several advanced economies has been guided by Adam Smith’s philosophy of ___________? 
  • Wealth creation has been recognised by various ancient treatises like ____________ of Kautilya, and ___________ of Thiruvalluvar ? 
  • What is the rank of India in World Bank's Ease of Doing Business ?    
  • What percentage of population lie between 15 and 29 years in India ?  
  • What percentage of the total expoert is Service sector ?  
  • Which committee report of the year 2014 shows, the structural weaknesses in PSBs explain their poor performance. The committee was set up by RBI to look into the governance, management and operational issues of the public sector banks ?
  • Which scheme covers three sub-schemes i.e. Price Support Scheme (PSS), Price Deficiency Payment Scheme (PDPS) and Pilot of Private Procurement & Stockist Scheme (PDPS) ? 
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  • Which scheme focuses on enhancing water use efficiency through the expansion of cultivable area under assured irrigation, improve on-farm water use efficiency, enhance the adoption of precision-irrigation, enhance recharge of aquifers and introduce sustainable water conservation practices. 
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  • Which scheme provides better insurance coverage for agricultural crops and thereby mitigate risk. 
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  • Who is the Chief Economic Adviser of Ministry of Finance ?  
  • WPI inflation has been decreased from 4.7 per cent in 2018-19 (April to December, 2018) to what per cent during 2019-20 (April to December, 2019)  ?  
That's all for now guys. Hope you find this quiz on Economic Survey 2020 quite useful. In our next post we will try to share quiz on Union Budget. Happy Reading :)
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