Answer Sheet of 29-01-25

Did You Know!

Yes, the U.S. dollar (USD) is the most widely used currency in the world due to several reasons:

1. Global Reserve Currency – Most countries hold USD as a reserve because it is considered stable.

2. International Trade & Finance – It is used in global trade, oil transactions (petrodollars), and international banking.

3. Safe Haven Currency – During economic crises, investors trust the USD for stability.

4. Dominance in SWIFT Payments – Most cross-border transactions happen in USD.

5. Used by Multiple Countries – Some countries officially use USD (like Ecuador and Panama), and others peg their currency to it.

These factors make the U.S. dollar the dominant currency in global markets.

What if ?

If money became entirely digital and physical cash disappeared, it would bring several changes to the economy, society, and security:

Advantages:

1. Convenience – Faster and easier transactions without handling cash.

2. Reduced Crime – Harder for illegal activities like money laundering and tax evasion.

3. Better Tracking – Governments can monitor transactions, reducing corruption and fraud.

4. Cost Savings – No need to print and transport cash, saving money for governments.

5. Financial Inclusion – People in remote areas can access money through mobile banking.

Disadvantages:

1. Cybersecurity Risks – Increased risk of hacking, fraud, and data breaches.

2. Privacy Concerns – Governments and corporations can track every transaction.

3. Dependence on Technology – A power outage or internet failure can disrupt transactions.

4. Exclusion of Non-Tech Users – Elderly and poor people without digital access may struggle.

While a fully digital economy could be efficient and secure, it also raises concerns about privacy, accessibility, and cybersecurity.

Superlative

The largest archipelago in the world is Indonesia, consisting of around 17,000 islands. It stretches across 5,000 km (3,100 miles) from east to west and lies between the Pacific and Indian Oceans.

Capitals

South Korea- Seoul

Assam- Dispur

Invention

Tim Berners-Lee (1989) – Created the World Wide Web (WWW), making the internet accessible to the public with websites and hyperlinks.

ECONOMIC COACH

1) SEBI- Securities and Exchange Board of India

SEBI is the regulatory body for the securities and stock market in India. It was established in 1988 and given statutory powers in 1992 under the SEBI Act, 1992.

Functions of SEBI:

1. Regulates Stock Markets – Ensures fair trading and prevents fraud.

2. Protects Investors – Prevents scams and ensures transparency.

3. Regulates Companies & Brokers – Monitors listed companies, stock exchanges, and intermediaries.

4. Prevents Insider Trading – Stops unfair advantages in stock trading.

5. Promotes Market Development – Encourages financial innovations and market efficiency.

2) Author of ' Wealth of Nations' - Adam Smith

The full title of the book is "An Inquiry into the Nature and Causes of the Wealth of Nations", published in 1776.

He is also known as "Father of Economics"

3) Adam Smith

The term "Invisible Hand" was coined by Adam Smith, a Scottish economist and philosopher, in his book "The Wealth of Nations" (1776).

Meaning of the Invisible Hand:

It refers to the idea that individuals pursuing their self-interest unintentionally benefit society as a whole. In a free-market economy, people make decisions based on profit, but this leads to:

1. Efficient Resource Allocation – Goods and services are produced as per demand.

2. Economic Growth – Competition leads to innovation and lower prices.

3. Market Regulation Without Government Control – The economy self-adjusts based on supply and demand.

4) Liquidity - it is the financial term refers to assets that can quickly be converted to cash.

HISTORICAL COACH

1) The first woman to get Padma vibhushan is Janaki Devi Bajaj in the year 1956.

2) Andhra prakashika is the first political newspaper in Andhra (1885)

Founded by Parthasaradhi Naidu 

3) The founders of Home rule league 

a) Annie Besant in Madras

b) Bal Gangadhar Tilak in Maharashtra 

ARITHMETIC COACH

1) The sum of first 100 positive integer is

Sum=n(n+1/2)

        =100(100+1/2)

        =100(101/2)

        =5050

2) The average of five consecutive numbers is 3 then what is the sum of those numbers

Sum= Average * Number of terms

Sum= 3*5=15

3) How much simple interest will be earned on 6000 @ 8% per annum for 2 years

P*T*R/100

P is principal 

T is Time

R is Rate of interest 

=6000*2*8/100

=960

Question of the day

The world's only floating National Park 

The Keibul Lamjao National Park in Manipur is the world's only floating National Park it is located in the southern West part of loktak lake (40 Sq km)