"When in doubt, observe and ask questions. When certain, observe at length and ask many more questions."
Created this thread as a one stop solution for all members so that all the doubts wherein any conceptual clarification is required can be solved here.
@Rewl1 modern history is 11th standard, right?
12th standard one with new Ncert or TN board
If it is given in an option that GST compensation cess is credited to CFI then should we mark it as wrong or right? As first it is kept in CFI and then later transferred to the GST Compensation Fund under Public Account.
I would say Public Account since the actual GST Compensation Fund is created under the Public Account of India. Still, the wording of the question would matter and it could be quite ambiguous depending on the question so UPSC could go for either one of them as the right answer.
@Lorelei Taper tantrum:When govt goes for quantitative easing (QE) or expansionary fiscal policy after a crisis, it seeks to increase money supply and inflation to boost growth. But after a couple of years it is supposed to end the QE.Govt should end QE gradually (taper it off). If it suddenly ends QE, it creates panic in the market that a restrictive policy is coming, ie. signals rising interest rates.This increasesbond yield, since bonds want to give their customers more money than if the customers were to place money in the bank accounts.This triggers stock market dip/crash, since money flows from stock market to bond market.ie. market throws tantrums like a child.
Thankyou!
How would you answer the following question?
Consider the following statements.
- Chairman of Rajya Sabha presides over joint sitting of both houses of Parliament, if Speaker and Deputy Speaker of lower house is absent.
- The Provision of Joint sitting in State Legislature is not applied to Money Bills or Constitutional Amendment Bills.
Which of the above statements is/are correct?
The choices are the usual 1 is correct, 2 is correct etc.