Bank Clerk Questions

Lala Lajpat Rai, popularly known as Punjab Kesari was an Indian Freedom Fighter who gave the safety valve theory for Indian National Congress in 1916 in a daily news paper paper 'Young India'. 

It was said that the INC was started by Viceroy Lord Dufferin with the help of an ex Civil Services member as a 'Safety Valve' against the popular discontent.

Silicon carbide is used in Cutting very hard substances.

Capitalism is an economic system followed by a country or a society which is characterized by Privately owned businesses, a market economy and profits.

Capitalism is defined as "production for exchange" driven by the desire for personal accumulation of money receipts in such exchanges, mediated by free markets. The markets themselves are driven by the needs and wants of consumers and those of society as a whole in the form of the bourgeois state.

Business cycles are identified as having four distinct phases:

1. Expansion,

2. Peak,

3. Contraction, and

4. Trough.

Expansion is the phase of the business cycle when the economy moves from a trough to a peak. It is a period when the level of business activity surges and gross domestic product (GDP) expands until it reaches a peak. A period of expansion is also known as an economic recovery.

An expansion is characterized by increasing employment, economic growth, and upward pressure on prices.

Three Indians – Ratan Tata, Lakshmi Mittal and Vinod Khosla have been featured on Forbe's list of the 100 Greatest Living Business Minds.

Finance minister Arun Jaitley was on 13 March 2017 given the additional charge of the defence ministry after Manohar Parrikar resigned+ to take on the new role of Goa chief minister.