GK (Business and Economy)

Black money is income on which tax has been evaded - it's legally earned but illegally concealed from tax authorities. Counterfeit currency is fake money, not undeclared income. Money from underhand deals is one source of black money, but 'black money' specifically refers to the tax evasion aspect, not how it was obtained.

Vimal is a well-known textile brand owned by Reliance Industries.

The headquarters of the Organization of the Petroleum Exporting Countries (OPEC) is located in Vienna, Austria.

Gems and jewellery have historically been one of India's largest export sectors in terms of foreign exchange earnings.

The G-8 (Group of Eight) consisted of France, Germany, Italy, Japan, the UK, the US, Canada, and Russia. The Netherlands is not a member.

Income Tax is a central government tax in India, and its collection is outside the jurisdiction of local municipal corporations.

Ajanta is widely recognized as one of the largest clock brands in India.

TRIPS stands for Trade-Related Aspects of Intellectual Property Rights, an international legal agreement between all member nations of the WTO.

The World Trade Organization (WTO) was established in 1995 as the successor to the General Agreement on Tariffs and Trade (GATT).

Inflation is defined as a sustained increase in the general price level of goods and services in an economy over a period of time, often measured by a price index.

Globalisation in the context of the Indian economy refers to the integration of the national economy with the world economy. This involves reducing trade barriers, tariffs, and restrictions to facilitate the free flow of goods, services, and capital.

Brett Lee was a long-time brand ambassador for the watch brand Timex.

The slogan 'A Passion to Perform' is the global brand tagline for Deutsche Bank.

Tata Motors launched the Tata Nano, which was famously marketed as the world's most affordable car with an initial price point around Rs. 1 Lakh.

Debenture holders provide a loan to a company, making them creditors of the company. Unlike shareholders, they do not own a portion of the company but are entitled to fixed interest payments.

Pioma Industries, based in Ahmedabad, is the manufacturer of the popular soft drink concentrate brand Rasna.

Dumping occurs when a country exports a product at a price lower than its cost of production or lower than the price in its domestic market, often to gain market share or eliminate competition.

'The best a man can get' is the iconic long-running advertising slogan for Gillette razors.