Quiz Questions 18 February 2023

• Vasudhaiva Kutumbakam is a Sanskrit phrase found in Hindu texts such as the Maha Upanishad, which means “the world is one family”.

• Pattachitra style of painting is one of the oldest and most popular art forms of Odisha. The name Pattachitra has evolved from the Sanskrit words patta, meaning canvas, and chitra, meaning picture. Pattachitra is thus a painting done on canvas, and is manifested by rich colourful application, creative motifs and designs, and portrayal of simple themes, mostly mythological in depiction. Some of the popular themes represented through this art form are ThiaBadhia – depiction of the temple of Jagannath; Krishna Lila – enactment of Jagannath as Lord Krishna displaying his powers as a child; Dasabatara Patti – the ten incarnations of Lord Vishnu; Panchamukhi – depiction of Lord Ganesh as a five-headed deity. With the passage of time, the art of Pattachitra has gone through a commendable transition, and the chitrakars have painted on tussar silk and palm leaves, and even created wall hangings and showpieces.

• Recently a group of Bhaona artist performed in Abu Dhabi in English language contrary to the traditional language of Brajavali.
• Bhaona is a traditional form of entertainment, always with religious messages, prevalent is Assam, India.
• The history of Assamese drama begins with the plays of MahapurushaSrimantaSankardeva (1449-1568) written in the early sixteenth century.
• These plays are popularly known as AnkiyaNats and their staging is known as bhaona.
• Bhaona was created by Sankardeva.
• The bhaonas are written in the Assamese and Brajavali languages.

• The Hathigumpha Inscription also known as Elephant Cave Inscription from Udayagiri- Khandagiri Caves in Odisha, were inscribed by King Kharavela during 2nd century BCE.
• The Hathigumpha Inscription consists of seventeen lines in Prakrit language and in Brahmi script.
• Hathigumpha Inscription is the main source of information about Kalinga ruler Kharavela.
• Maski is a village and an archaeological site in Raichur district of Karnataka.
• It lies on the bank of the Maski river which is a tributary of the Tungabhadra.
• The site has a minor rock edict of Emperor Ashoka.
• It was the first edict of Emperor Ashoka that contained the name Ashoka in it instead of ‘Devanampriya’ or ‘Piyadassi’.

• The PrayagaPrashasti (also known as the Allahabad Pillar Inscription) was composed by Harisena.
• Harisena was the court poet of Samudragupta while Banabhatta was the court poet of Harshavardhana.
• The PrayagaPrashasti was composed in praise of SamudraGupta in Sanskrit

• Typically shell companies include multiple layers of companies that have been created for the purpose of diverting money or for money laundering.
• Most shell companies do not manufacture any product or deal in any product or render any service.
• They are mostly used to make financial transactions.
• Generally, these companies hold assets only on paper and not in reality.
• These companies conduct almost no economic activity.

• Banks Board Bureau (BBB) is an autonomous body of the Government of India tasked to improve the governance of Public Sector Banks, recommend selection of chiefs of government owned banks and financial institutions and to help banks in developing strategies and capital raising plans.
• The BBB works as step towards governance reforms in Public Sector Banks (PSBs) as recommended by P.J. Nayak Committee.
• The BBB was the part of Indradhanush Plan of government.

• High and erratic inflation deters investors from making investment decisions because real returns on investments are uncertain.
• Savings forms the base of the money that is borrowed for infrastructure building in the economy.
• Low savings and high demand of capital lead to high borrowing costs and deter investors.

• Aggregate demand is the total demand for final goods and services in an economy at a given time.
• Investment creates infrastructure, generates demand for raw material, labor, provides employment and adds to the productive capacity of the economy.
• It is one of the most potent factors in increasing Aggregate demand (AD).
• The government has some ability to impact AD.
• It can give fiscal stimulus or increase taxes in order to influence how consumers spend or save.
• An expansionary fiscal policy (higher spending, lower taxes) causes AD to increase, while a contractionary monetary policy (e.g. high bank rates) causes AD to decrease.

• Economic efficiency is when goods and services are distributed according to consumer preferences and needs of corporations.

It is when the maximum number of goods and services are produced with a given amount of inputs.