Questions

Supreme Court collegium has selected senior advocate Indu Malhotra as the first woman lawyer to be directly appointed as a judge of the apex court.

Along with Malhotra, Uttarakhand High Court Chief Justice KM Joseph has also been promoted as a Supreme Court justice.

Malhotra holds the distinction of being only the second woman in Supreme Court’s history to be designated as a senior advocate in 2007.

In all, Malhotra is going to be the seventh woman judge since independence to make it to the Supreme Court.

At present, Justice R Banumathi is the lone woman judge in the apex court.

Hedging is a tool to minimize the risks. It is thus like an 'insurance' where one pays a premium but gets an assured amount in case of some uncertain event to the extent of the loss actually suffered on an equally opposite position for which the hedge was done. Thus, hedger is different from arbitrageur and speculators, as the intention here is not to maximize the profit but to minimize the loss.

E.g. In Capital Markets, suppose an investor has an equity portfolio of Rs. 2 lacs and the portfolio consists of all the major stocks of NIFTY. He thinks the market will improve in the long run but might go on a downside in the shortrun. NIFTY today stands at 4300. To minimize the risk of downfall, he enters into an option contract by buying NIFTY-PUT of strike 4300 at a premium of, say, Rs. 100. Thus, the actual amount paid is Rs. 5,000(lot size of NIFTY is 50). Also, the number of NIFTY-PUTs to be bought will vary on the beta of the portfolio so as to completely hedge the positon. 

A Paper.

A galvanic cell is also known as voltaic cell provides electrical energy from the chemical energy.

.mp3 is audio file extension.

Energy can be transferred from one system to the other. The rate at which energy is transferred from one system to other system is called POWER. Energy transferred in one second is called a watt.