Questions

Emergence of two great power blocs:

Two power blocs came into existence after the Second World War. The United States of America and Soviet Russia became two Super Powers. They tried to dominate over other countries in their own way. Ultimately, it gave a headache to the world.

The Cold War was a state of political and military tension after World War II between powers in the Western Bloc (the United States, its NATO allies and others) and powers in the Eastern Bloc (the Soviet Union and its allies in the Warsaw Pact).

National Water Academy (formerly known as Central Training Unit) was set up in Central Water Commission Opens in a new window by the Ministry of Water Resources, RD and GR, opens in a new window Govt. of India in the year 1988, to impart training to the in-service engineers of various Central/State organizations involved in the Development & Management of Water Resources. It was established under USAID assistance and strengthened with the subsequent assistance received from the World Bank.

It is located at Pune

Mixed heart means the heart in which the oxygenated and the deoxygenated blood is mixed. Reptiles and amphibians have mixed heart.

Creditors and debtors:

During inflation creditors lose because they receive in effect less in goods and services than if they had received the repayments during a period of low prices. Debtors, on other hand, as a group gain during inflation, since they repay their debts in currency that has lost its value.The aggregate volume of internal trade tends to increase during inflation due to higher incomes, greater production and larger spending. But the export trade is likely to suffer on account of arise in the prices of domestic goods.

The same currency unit will now buy less goods and services.But the bondholders lose as they get a fixed interest the real value of which has already fallen.