(a) Indian in China: Indian businessmen are opening production facilities in China with increasing trade. The number of Indians in China is also increasing due to greater liberalization of both the economies.

(b) Cyber-terrorism: Hacking, stalking and entering viruses are form of cyber-terrorism to create economic strategic loss and Political propaganda. This is spread through internet and computers.

(c) Military rule in Myanmar: Myanmar is ruled by State Peace and Development Council (SPDC) dictated by military generals. The chairman in Than Shwe and recently the liberal Prime Minister Khn Nyunt was removed. There is a movement for democracy under Aung San Sunkyi against military rule.

(d) Camp Davis Accord of 1978: The USA mediated Peace agreement between Egyptian President, Sadat and Iserael’s PM Mechanem begin to maintain peace in the middle-east.

(e) Future of Indian expatriates in the Gulf: Return of many expatriates to India from Gulf countries due to restrictions placed on migrant communities, but there are other field opening like knowledge sector and IT, where there is growing demand for Indians in the Gulf.

(f) Full convertibility: It refers to the total freedom by which a domestic currency may be converted into a foreign currency and vice-versa.

(g) Physical Quality Life Index: Jim Grant has propagated this index.
It was following indices:
(i) Life Expectancy.
(ii) Infant Mortality Rate
(iii) Adult Literacy.

(h) Differences between absolute poverty and relative poverty: When a person is deprived of basic minimum needs, it is termed as absolute poverty. According to UN parameters earning less than $1 per day is treated as absolute poverty. Relative poverty is in relation to other strata of the society.

(i) India-US Nuclear Pact: India was agreed to put its all civilian nuclear facilities under the IAEA Inspections and Safeguard while the USA agreed to supply. India with fuel for them under Civilian Nuclear Cooperation Pact.

(j) Medical Tourism: India promoting itself as an effective, cheap destination for health and medical solutions especially providing super-specialty services in medicine.

(a) Mekong-Ganga co-operation: It is a group of six nations, India, Laos, Myanmar, Thailand, Vietnam and Combodia, of the rivers Ganga and Mekong region for economic cooperation, established in 2000 in Vientiane, Laos.

(b) IFC: International Finance Corporation, an organ of the Work Bank group aimed at growth of private government enterprises.

(c) Crude oil price and Indian economy: Rapidly rising crude oil prices has led to increase in import bill and has an adverse effect on improving balance of trade in Indian economy.

(d) Gandhian Economy: Gandhiji concepted for village and agriculture based economy, village industries and allied activities to grow, making villages a self-sufficient units with full employement.

(e) Second Green Revlution: Rapid improvement in the productivity of diverse crops which is environmentally sustainable and promotes balanced regional growth.

(f) Kasturba Gandhi Balika Vidyalaya Yojana: This scheme was launched to set up residential schools for elementary level education in 2004-05 for SC, ST, OBC and minorities girls.

(g) Euro-Control: Emission norms regarding vehicular pollution having different stages viz. Euro-I, II, III. These norms are known in Indias Bharat-I, II, III etc.

(h) Dow Jones: Dow Jones is New York based stock exchange. In this exchange shares listed are very sensitive.

(i) ‘Bluetooth’: A wireless technology to connect one device to another, e.g. computers, multimedia kits, mobile phones for a short distance and transmitting data to one another.

(j) MFN status to India by Pakistan: MFN status will and discrimination in trade, Pakistan has not accorded MFN status to India.

(k) Notion of development of under development: This is the concept of negative growth where the GDP is declining e.g. in Sub-Saharan Africa the new areas e.g., falling life expectancy due to AIDS and hunger.

(l) Cost-push inflation: Cost-push inflation indicates rise in price due to increase in the cost of production. It because of rise in prices of raw material, imposition of heavy taxes, rise in wages, and rise in profit margin. All or some of these factors are responsible for the cost-push inflation.

(m) Green GDP: Guidelines to renew development goals by tracking economic output and take environmental issues into account.

(n) Terms of reference of the Abid Hussain Committee: This committee was set up to suggest measures for growth of small scale and village industries and remove weaknesses from it.

(a) Gender Empowerment Measure (GEM): GEM is a concept based on a composite Index.
Three areas are included in it:
(i) Economic resources,
(ii) Political participation,
(iii) Economic participation and decision making

(b) Concept of copy left: Ans. Copy left is a group of licences. It enables every person to use, modify or redistribute any copy of works. It is applied to software, art and other copyright works.

(c) Rouge State: For those states who violates democratic principles or use or develops hidden projects of biological nuclear or chemical weapons USA and allies countries uses this word.

(d) Repo market: Repo is Repursharing offer by the RBI. Repurchasig options are traded in this market for a short period of time.

(e) Banana war: It is matter of dispute between the US and EU, arose due to biased trade policies to banana growers of former colonies in comparison to Latin American banana growers.

(f) OAPEC: OAPEC stands for Organization of Arab Petroleum Exporting countries. By this Organization Arab Countries with petroleum asset are organized to save their economical and trade interests.

(g) IFAD: IFAD stands for International Fund for Agricultural Development. To develop and modernize agriculture to increase food production towards food security this fund assist in.

(c) UPU: Ans. UPU Stands for Universal Postal Union. Now an organ of the UN its objective is to develop and combine services of communication of the world.

(d) SAVE: SAVE stands for The SAARC Audio Visual Exchange. It aimed at 0 increasing the awareness of each other among the peoples of the region and disseminating information about member countries.

(e) ODA: ODA stands for Official Development Assistance. It is a category of development aid.

« Go Back to Model Answer Page