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Tiss Gk Notes

Tiss Gk Notes

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Published by meenakshi saharan

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Published by: meenakshi saharan on Jan 29, 2010
Copyright:Attribution Non-commercial


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Sir Osborne Smith was the first Governor of the Reserve Bank of India from 1 April1935 to 30 June 1937. Since his outlook on policy issues like the exchange rates andinterest rates differed with that of the Government, he resigned before thecompletion of his term of office. Sir Chintaman Dwarakanath Deshmukh betterknown as C. D. Deshmukh, was the first Indian to be appointed as the Governor of the Reserve Bank of India in 1943 by the Britishers. Sir Benegal Rama Rau was thefourth Governor of RBI from 1 July 1949 to 14 January 1957 . He holds the record forthe first Governor of RBI after it was nationalized by the Govt of India in 1949.A widening current account deficit when foreign currency reserves areexceptionally high and the rising current account deficit is telling us that theeconomy is bang in the middle of an investment recovery and domestic savings areinsufficient to fund it.
A debt market is a part of the capital market. As the name suggests, a capital market is wheretrading in financial instruments is conducted to raise capital. Contrary to an equity market, debtinstruments like debentures and bonds are traded in debt markets. A debt market is also knownas a ‘fixed income market’ as debt instruments pay fixed returns. Also, the risk factor isconsiderably lower, especially for government securities. The advantage of holding debtinstruments is that the investor enjoys high liquidity.The Asian financial crisis in the 1990s stressed the importance of a fully active debt market; thelack of which aggravated the crisis. As in the 1980s, the bond market of the United States of America countered the drawback of banking system in relation to the real estate cycle. In most of the Asian countries, though both equity and debt market exist, the equity markets have expandedat a much faster speed than the debt market. Debt markets are now considered an alternativeroute for financing to banking channels.The most active part of the money market is the call money market (i.e. market for overnight andterm money between banks and institutions) and the market for repo transactions. The former isin the form of loans and the latter are sale and buyback agreements - both are obviously nottraded. The main traded instruments are Commercial Papers (CPs), Certificates of Deposit (CDs)and Treasury Bills (T-Bills).The Gateway of India was built to commemorate the visit of King George VandQueen Maryto Bombay, prior to theDelhi Durbar , in December 1911. The foundation stone was laid on 31March 1911, by the Governor of BombaySir George Sydenham Clarke, with the final design of George Wittet sanctioned in August 1914. Between 1915 and 1919 work proceeded onreclamations at Apollo Bundar (Port)for the land on which the gateway and the new sea wallwould be built. The foundations were completed in 1920, and construction was finished in 1924.The Gateway was opened on 4 December 1924, by the Viceroy, theEarl of Reading.
Gammon India claims that it did India's first pre-cast reinforced concrete job for the foundationof the Gateway of India.
The last British troops to leave India, the First Battalion of the Somerset Light Infantry, passed through the Gateway in a ceremony on 28 February 1948.
From here people can visitElephanta Caves  by ferry boats. There are luxury boats which takes visitors around the harbour for couple of hours. In front of Gateway of India, there is a statue of Chatrapati ShivajiMaharaj the independent Hindu kingdom of.The
French Revolution
(1789–1799) was a period of political and social upheaval and radicalchange in thehistory of France, during which the French governmental structure, previously anabsolute monarchywithfeudal privilegesfor thearistocracyandCatholic clergy, underwent radical change to forms based onEnlightenmentprinciples of citizenship and inalienable rights. These changes were accompanied by violent turmoil which included the trial and execution of the king, vast bloodshed and repression during theReign of Terror , andwarfare involving every other major European power . Subsequent events that can be traced to the Revolution include the Napoleonic Wars, two separaterestorations of the monarchy, and two additional revolutions as modernFrance took shape.In the following century, France would be governed at one point or another as arepublic,  constitutional monarchy,and two differentempires.
is a socialstructure and political ideologyin which  property is commonly controlled.
Communism (written with a capital C) is a modern political movement that aims tooverthrowcapitalismvia revolution to create aclassless society where all goods are publicly owned.
 Karl Marxposited that communism would be the final stage in human society, which would be achieved through a  proletarian revolutionand only becoming possible only after a socialist stage develops the productive forces, leading to a superabundance of goods andservices.
"Pure communism" in the Marxian sense refers to a classless, stateless and oppression-freesociety where decisions on what to produce and what policies to pursue are madedemocratically,allowing every member of society to participate in thedecision-making processin both the political and economic spheres of life.
refers to various theories of economic organization advocating public ordirect worker ownership and administration of themeans of productionandallocation of resources, and a society characterized by equal access toresourcesforall individuals with a method of compensation based on the amount of laborexpended.
Asian Games
Asian Games logo
Ever Onward
every four years
Multi sport event for nations on theAsian continent
Asian Games
, also called the
, is amulti-sport eventheld every four years amongathletesfrom all over Asia.The games are regulated by the Olympic Council of Asia(OCA
)under the supervision of theInternational Olympic Committee(IOC). Medals are awarded in each event, with gold for first place, silver for second and bronze for third, a tradition whichstarted in1951.Competitors are entered by a  National Olympic Committee ( NOC) to represent their country of  citizenship. National anthems andflagsaccompany the medal ceremonies, and tables showing the number of medals won by each country are widely used. In general only recognised nationsare represented, but a few non-sovereign countries are allowed to take part. The special case of Republic of China(Taiwan
) was handled by having it compete as 
, due to the political status of Taiwan.The first Asian games were held at New Delhiin 1951, which again hosted it in 1982.

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