Questions

A large underground economy results in an Overstated GDP. The underground economy is also called as Black market. It refers to illegal economic activity. Transactions in the underground economy are illegal either because the good or service being traded is illegal or because an otherwise licit transaction does not comply with government reporting requirements.

A Union territory is a type of administrative division in India. Unlike the other states which have their own state governments, union territories are ruled by the central government. There are 7 union territories in India. They are ::

• National Capital Territory of Delhi – Delhi.

• Chandigarh – Chandigarh.

• Daman and Diu – Daman.

• Dadra and Nagar Haveli – Silvassa.

• Pondicherry – Puducherry.

• Andaman and Nicobar Islands – Port Blair.

• Lakshadweep – Kavaratti.

The government has decided to observe anti-Emergency day on June 25-26 and asked all its ministers to hold programmes across the country to remind people how Emergency was clamped by former Prime Minister Indira Gandhi in 1975.

17 and 119

A government ruled by religiuos leaders is Theocracy. A theocracy is ruled by religious leaders who claim to act with divine authority.