Repo Rate is RBI's key monetary policy tool.
It is the interest rate at which commercial banks borrow money from the Reserve Bank of India (RBI) by selling government securities with an agreement to repurchase them. It helps control inflation and regulate liquidity in the economy.
GST is a single, indirect tax system in India.
Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax levied on every value addition. It replaced multiple indirect taxes such as Value Added Tax (VAT), excise duty, and service tax, simplifying the indirect tax structure.
Preamble is key to understanding Indian Constitution.
The Preamble declares India to be a Sovereign, Socialist, Secular, Democratic, Republic. It states Justice, Liberty, Equality, and Fraternity as the aspirations for all its citizens. The 42nd Amendment Act of 1976 added 'Socialist' and 'Secular' to the Preamble.
Fundamental Rights are justiciable, enshrined in Part III.
Fundamental Rights are basic human rights guaranteed to citizens by the Constitution of India. Enshrined in Part III (Articles 12-35), these rights are enforceable by courts and include the Right to Equality, Right to Freedom, and Right to Constitutional Remedies.
ISRO is India's premier space agency.
The Indian Space Research Organisation (ISRO) is the national space agency of India, responsible for space-based applications, space exploration, and related technology development. It has successfully launched landmark missions such as Chandrayaan (Moon) and Mangalyaan (Mars Orbiter Mission).
United Nations Headquarters located in New York City.
The United Nations (UN) is an intergovernmental organization established in 1945 to promote international cooperation and maintain international peace and security. Its main headquarters is situated in Manhattan, New York City, and it has major offices in Geneva, Nairobi, and Vienna.
Modern Olympic Games revived by Pierre de Coubertin.
While ancient Olympic Games originated in Greece, the modern Olympic Games were founded by Baron Pierre de Coubertin of France. The first modern Games were held in Athens, Greece, in 1896, promoting sports and international friendship.