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General Knowledge for Competitive Exams
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What is General Anti Avoidance Rule (GAAR)?

The General Anti Avoidance Rule (GAAR)- proposed by the then Union Finance Minister Pranab Mukherjee during the annual budget 2012-13



Jagranjosh.com presents the terms and terminology of various terms that hold special significance in the field of Economics.


Jagranjosh.com presents the terms and terminology of various terms that hold special significance in the field of Economics.

Technological Achievement Index

Technology Achievement Index is used to compute how well a country is generating & diffusing technology & structuring a human skill base.

Multidimensional Poverty Index

Multidimensional Poverty Index was started in the year 2010 by Oxford Poverty and Human Development scheme & UNDP.

Gender Inequality Index

Gender Inequality Index is a new index for determination of gender disparity that was pioneered in the 2010 HDI Report 20th anniversary edition by UNDP.

Human Development Index

The Human Development Index is an amalgamated statistics of education, income indices and life expectancy to rank countries into four tiers of human development.

Growth and Development

To grow is to augment in number or size and to develop is to amplify one’s ability & craving to convince one’s own needs & legitimate requirements & those of others.

First Five-Year Plan

Jawaharlal Nehru, the first Indian Prime Minister presented the first five-year plan to the Parliament of India on 8th December 1951.

What is General Anti Avoidance Rule (GAAR)?

The General Anti Avoidance Rule (GAAR)- proposed by the then Union Finance Minister Pranab Mukherjee during the annual budget 2012-13


The following statistics give an overview of the present status of Secondary and Higher Secondary Education in the country as on 30/9/2004

Press And Print Media

The office of the Registrar of Newspaper for India (RNI) came into existence on 1 July, on the recommendation of the First Press Commission in 1953 and by amending the Press and Registraiton of Books Act, 1867. The Registrar of Newspapers for India is required to submit an annual report to the Government of the status of newspapes before 31 Decmeber every year.

Mass Communication

In a country like ours, mass communication plays a vital role in creating people’s awareness about policies and programmes of development. It helps in motivating them to be active partners in the nation-building endeavour.

Government Responsibility And Initiative

In 1976, education became a joint responsibility of Central and State Government. Decisions regarding the organisation and structure of education are largely the concern of the states.


The target of universalising elementary education has been divided into three broad parameters i.e. universal access, universal retention and universal achievement during the Eighth Five Year Plan.


Broadcasting started in India in 1927 with two privately-owned transmitters at Bombay and Calcutta. Government took over the transmitters in 1930 and started operating them under the name of Indian Broadcasting Service.


India’s defence policy aims at promoting and sustaining durable peace in the sub-continent and equipping the defence forces adequately to safeguard aggression. The Supreme Command of the armed forces is vested in the President of India.

Other Projects

World’s fifth and Asia’s largest hydro-electric project has been constructed on river Bhagirithi, a tributary of Ganga in Tehri district of Uttaranchal. The height of the earth and rockfill dam is 260.5 m, making it the highest dam in the country.


The Universe Immunisation Programme (UPIP) was launched in 1985 to reduce infant, child and maternal morbidity and mortality by protecting against six- vaccine preventable diseases, viz., Tuberculosis, Diphtheira, Pertusis, Tetanus, Polio and Measles, The immunization coverage improved significantly between 1985-1990.

Tenth Five Year Plan

The Tenth Five-Year Plan (2002-2007) was approved by the National Development Council (NDC) on December 21, 2002.

Stock Exchanges

There are 23 stock exchanges in the country, 20 of them being regional ones with allocated areas


Shipping plays an important role in the transport sector of India's economy. Approximately 95 percent of country's trade volume (70 percent in terms of value) is moved by sea.


India has one of the largest road network in the world, aggregating to about 3.314 million kms. at present. The country's road network consists of Expressways, National Highways, State Highways, major District Roads, other District Roads and Village Roads.


The Department of Revenue exercises control in respect of revenue matters relating to direct and indirect Union taxes through two statutory boards, namely, Central Board of Direct Taxes and the Central Board of Excise and Customs. This Department is also entrusted with the administration and enforcement of controls and regulatory measures provided in the enactments concerning Central sales tax, stamp duties, gold control, foreign exchange and other relevant fiscal statutes.


The Reserve Bank of India (RBI) was established under the Reserve Bank of India Act, 1934 on 1 April 1935 and nationalised on 1 January 1949. The Bank acts as banker to the Central Government, state governments, commercial banks, state co-operative banks and some of the financial institutions.


Regional Rural Banks (RRBs) had been established to take the banking services to the doorsteps of rural masses especially in remote rural areas with no access to banking services. These banks were originally intended to provide institutional credit to those weaker sections of the society at concessional rate of interest, who depend on private money-lenders.


The Railways in India provide the principal mode of transportation for freight and passengers. The Indian Railways have been a great in integrating force for more than 150 years.


Power to raise and disburse public funds has been divided under the Constitution between the Union and the state governments. Sources of revenue for Union and states are, by and large, mutually exclusive, if shareable taxes and duties between them are excluded.


The Planning Commission was set up in 1950, as an advisory body, the Prime Minister being its ex-officio Chairman. The Planning Commission is concerned broadly with economic planning and organizing the planning, but not implementing it.


The Pharmacy council of India is statutory body constituted under the Pharmacy act, 1948. It is responsible for regulation of pharmacy education and practice of profession in the country for registration as a pharmacist.


The National Anti-Malaria Programme is the world’s biggest health programme against a single communicable disease and continues to be the country’s most comprehensive and multi-faceted public health activity. Earlier deaths due to malaria were completely eliminated.

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