General Awareness

Elasticity of demand measures the responsiveness or the rate of change in quantity demanded of a good in response to a change in its price. It is defined as the percentage change in quantity demanded divided by the percentage change in price.

Goodwill is an intangible asset because it represents the reputation and brand value of a business, which cannot be physically touched or seen. It is recorded on the balance sheet when a company is acquired.

Sundarlal Bahuguna was a prominent environmentalist and a leader of the Chipko Movement, which aimed to protect trees from being felled in the Himalayan region.

Helsinki is the capital and largest city of Finland. Vienna is the capital of Austria, Budapest is the capital of Hungary, and Canberra is the capital of Australia.

Hydroponics is a method of growing plants without soil, using mineral nutrient solutions in an aqueous solvent. It allows for controlled environment agriculture.

The Planning Commission of India was established by a resolution of the Government of India in 1950. It was not a constitutional body or created by a specific act of Parliament.

The Planning Commission was established in March 1950 by the Government of India to oversee the country's economic development through five-year plans.

Wimbledon is a district in London, famous for hosting the Wimbledon Championships, which is one of the four Grand Slam tennis tournaments.

Greenland is the world's largest island. Australia is considered a continent, not an island.

When demand is inelastic, consumers are less sensitive to price changes. Therefore, if the price increases, the percentage decrease in quantity demanded is smaller than the percentage increase in price, leading to an increase in total expenditure.

NSE (National Stock Exchange), BSE (Bombay Stock Exchange), and DSE (Delhi Stock Exchange) are stock exchanges, while SEBI (Securities and Exchange Board of India) is the regulatory body for the securities market.

Rajasthan is the leading producer of zinc in India, primarily due to the Zawar mines located in the Udaipur district.

Bihar has historically had one of the lowest literacy rates in India, significantly below the national average, compared to states like Kerala, West Bengal, and Karnataka.

High levels of cholesterol in the blood are a major risk factor for heart diseases, as it can lead to the buildup of plaque in the arteries (atherosclerosis).

Deficit financing involves printing more money to cover government spending. If this supply of money outpaces the production of goods and services, it leads to inflation.

Lewis Hamilton won the 2008 German Grand Prix driving for McLaren-Mercedes.

Canberra is the capital city of Australia. Sydney and Melbourne are major cities but are not the capital.

A strait is a narrow, navigable channel of water that connects two larger bodies of water. An isthmus is a narrow strip of land connecting two larger landmasses.

Black soil, also known as Regur soil, is ideal for cotton cultivation because it has high moisture-retention capacity and is rich in nutrients like calcium carbonate, magnesium, and potash.

Nelson Mandela was awarded the Mahatma Gandhi International Award for Reconciliation and Peace in 2008. The other figures listed are prominent but did not receive this specific award in that year.

Afghanistan became the eighth member of the South Asian Association for Regional Cooperation (SAARC) during the 14th summit held in New Delhi in 2007.

Carlos Sastre won the 2008 Tour de France. Cadel Evans finished as the runner-up in that edition.

Sri Lanka hosted the 15th SAARC Summit in 2008 in Colombo. India hosted the 14th, while the 16th was in Bhutan. Bangladesh and Pakistan have also hosted previous summits.