GK Express of 17/02/2025

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Economy Coach

1. What is the Phillips Curve in economics?

It shows the inverse relationship between inflation and unemployment.

2. What is the difference between Gross Domestic Product (GDP) and Gross National Product (GNP)?

GDP includes all goods and services produced within a country’s borders, while GNP includes income earned by the country’s residents globally.

3. What is the concept of Fiscal Deficit?

The difference between total government expenditure and total revenue (excluding borrowings).

4. What is the significance of the FRBM Act (2003)?

It aims to ensure fiscal discipline by setting targets for fiscal deficit and reducing public debt.

5. What is the Repo Rate and Reverse Repo Rate?

Repo Rate is the rate at which RBI lends money to banks, while Reverse Repo Rate is the rate at which RBI borrows from banks.


Indian Governance Coach

6. What is the difference between Fundamental Rights and Directive Principles of State Policy (DPSP)?

Fundamental Rights are justiciable (enforceable by courts), while DPSPs are non-justiciable but guide the government in policy-making.

7. What is the role of the Finance Commission in India?

It recommends how tax revenues should be distributed between the central and state governments.

8. What is Article 356 of the Indian Constitution?

It allows the President to impose President’s Rule in a state if there is a constitutional breakdown.

Note: Recently imposed in Manipur

9. What is the National Human Rights Commission (NHRC)?


It is a statutory body responsible for protecting human rights in India.

10. What is the difference between a Money Bill and a Finance Bill?

A Money Bill deals only with financial matters like taxation and borrowing, while a Finance Bill includes broader financial provisions.


Indian Art and Culture Coach

11. What is the classical dance form of Assam?

Sattriya – It was introduced by Vaishnav saint Srimanta Sankardev in the 15th century.

12. Which is the oldest rock-cut cave in India?

Barabar Caves (Bihar) – They date back to the Mauryan period (3rd century BCE).

13. What is the significance of the Sangam Literature?

It is a collection of Tamil literature from 300 BCE to 300 CE, dealing with social, political, and cultural themes.

14. Who built the Sun Temple at Konark?

King Narasimhadeva I of the Eastern Ganga Dynasty in the 13th century.

15. What is ‘Pattachitra’ painting?


A traditional cloth-based scroll painting from Odisha and West Bengal, depicting mythological themes.

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