General Compendium-1

1. What is a “Casting Vote in India Politics?
   Speaker’s Vote in Loksabha is known as Casting Vote.
2. What is “Cultural Revolution of China“?
   Cultural Revolution in the People’s Republic of China was a period of widespread social and political upheaval; the nation-wide chaos and economic disarray engulfed much of Chinese society between 1966 and 1976. It was launched by Mao Zedong, the chairman of the Communist Party of China, on May 16, 1966.
3. What is the ” Concept of Total Revolution” in Indian Politics?
   Lok Nayak Jayaprakash Narayan had given this concept. JP recognised the prime necessity of change in the individual who takes upon himself/herself the task of changing the society. In this lies the whole philosophy of JP’s total revolution. The gist of this concept is presented in his letter to people of Bihar and an extract from the Notes on Bihar Movement, both written in 1975. Earlier, he had also pleaded for reviving the ancient concept of dharma to suit democracy so as to ensure that the main mould of life remained indigenous. His basic objective is succinctly told in the text reproduced from JP’s weekly, Everyman’s. By 1957, Jayaprakash Narayan had quit active politics and took great interest in Vinoba Bhave’s programmes of Bhoodan-Gramdan and soon became known throughout the world as the Sarvodaya leader. In that capacity, JP espoused many a cause as that of Nagaland, of the surrender of dacoits, of Kashmir and communal harmony.
4. What is the size range of study in ” Nano Technology”?
   Generally nanotechnology deals with structures of the size 90 nanometers 10_9 or smaller, and involves developing materials or devices within that size.
5. What is Open market Operation of RBI?
   Open Market Operations imply that the RBI undertakes to buy and sell Government Securities / bonds from participants in the financial markets. The operations could be undertaken on an outright basis or repurchase agreements. The objective of Open market Operations is to absorb or provide liquidity in the market.
6. What is the main objective of Public Procurement and Distribution?
   1. Food security by maintaining an elaborate set of food grain policies which include public procurement and price support operations, price stabilization through buffer stocks.
   2. Protect the interest of both farmers and consumers.
   3. controls on private trade.
   4. Reduce Personal & regional inequality in the distribution.
7. What is Per Capita Income?
   Per capita income is the measurement of a national income divided by the amount of people in that nation. It is normally calculated in terms of money per year. Per capita income considers that each individual citizen would receive an equal amount – in other words, that the national income for the year would be distributed evenly. India’s percapita income was Rs 29,382 a year in 2006-07
8. What is Token Privitisation” ?
   Token privatisation or deficit privatisation of public sector units occur when the government sells 5% of shares.
9. What was the aim of Narasimham Committee?
   Narasimham Committee was established in 1991 for financial reforms and reforms in the banking industry. Control of banking system should be under an autonomous body supervised by the RBI was one of the proposals. Four tier hireachy of the banking structure was an important proposal.
10. What was Sarkaria Commission?
    Sarkaria Commission was set up in June 1983 by the central government of India. The Sarkaria Commission’s charter was to examine the relationship and balance of power between state and central governments in the country and suggest changes within the framework of Constitution of India. The Commission was so named as it was headed by Justice Rajinder Singh Sarkaria, a retired judge of the Supreme Court of India.

    The Commission submitted its final 1600-page report in 1988. The final report contained 247 specific recommendations. In spite of the large size of its reports – the Commission recommended, by and large, status quo in the Centre-State relations, especially in the areas, relating to legislative matters, role of Governors and use of Article 356. It is widely accepted that to whatever extent the Commissions suggested change, the recommendations were not implemented by the government. (from wikipedia)