Virtual Digital Assets ✓The government in the union budget fro 2022-23 new provisions aimed at taxing and tracking Virtual Digital Assets. Along with the framework for taxation, the Budget for the first time defined virtual digital assets. ✓It has defined virtual digital assets in the newly inserted clause (47A) under Section 2 of the Income […]
Virtual Digital Assets: UPSC Daily Important Topic | 5 June 2023 Read More »
CAUSES OF INFLATION. ✓ Demand-Pull Inflation :- This type of inflation is caused due to an increase in aggregate demand in the economy. ✓Cost-Push Inflation This type of inflation is caused due to various reasons such as: • Increase in price of inputs • Hoarding and Speculation of commodities • Defective Supply chain • Increase
CAUSES OF INFLATION: UPSC Daily Important Topic | 4 June 2023 Read More »
Smart Cities Mission ✓It is an initiative of the MoHUA launched as a Centrally Sponsored Scheme on June 25, 2015. ✓To promote cities that provide core infrastructure, and a clean and sustainable environment, 100 cities (to be developed as Smart Cities) have been selected through a two-stage competition (from January 2016 to June 2018). ✓66
Smart Cities Mission: UPSC Daily Important Topic | 3 June 2023 Read More »
Q. Which one of the following acts strengthened the unitary character of the government of India by establishing a general control over the finances of India by the Governor-General? (a) The Regulating Act of 1773 (b) Pitts India Act of 1784 (c) The Charter Act of 1813 (d) The Charter Act of 1833 Ans: (b)
Q. Which one of the following acts abolished the monopoly of tea trade and trade with China by the East India Company? (a) Regulating Act of 1773 (b) Pitt’s India Act (c) Charter Act of 1813 (d) Charter Act of 1833 Ans: (d) Charter Act of 1833
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Q. What was the main cause of the growth of money-lending class during the British rule? (a) Failure of crops caused by the natural calamities (b) Extravagant habits of the people (c) Demand of high revenue from the peasants (d) Need of capital for the cultivation Ans: (b) Extravagant habits of the people
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Q. The treaty of Mangalore was signed between (a) the English East India Company and Hyder Ali (b) the English East India Company and Tipu Sultan (c) Hyder Ali and the Zamorin of Calicut (d) the French East India Company and Tipu Sultan Ans: (b) the English East India Company and Tipu Sultan Explanation: The
Q. The system of competitive examination for civil service was accepted in principle in the year (a) 1833 (b) 1853 (c) 1858 (d) 1882 Ans: (b) 1853 Explanation: In India, the English officials included these exams so that even Indians could participate in the civil services. This system for civil services was accepted in principle
Q. The Pitt’s India Act of 1784 sought to (a) introduce some parliamentary control over the English East India Company (b) reduce the armed forces of the East India Company to curtail the company’s trading rights (c) curtail the company’s trading rights (d) convert the company into a business firm without any political authority Ans:
Q. The Indian ruler who defeated the English in the early stage of English rule in India was (a) Ranjit Singh (b) Mahadaji Sindhia (c) Hyder Ali (d) Tipu Sultan Ans: (c) Hyder Ali Explanation: Hyder Ali is an Indian Ruler who defeated the British in their early stage of the rule in India. Hyder Ali was
