SSC GK Questions 2026

Working among the Ezhavas of Kerala, he preached that caste had no place in religion, consecrated temples open to all castes, and in 1903 founded the Sri Narayana Dharma Paripalana Yogam, the SNDP Yogam, to carry the work forward.

He led the Aligarh Movement, held that the Quran was compatible with reason and modern science, founded the Scientific Society in 1864 and the journal Tahzib-ul-Akhlaq, and in 1875 opened the Mohammedan Anglo-Oriental College at Aligarh, which became the Aligarh Muslim University in 1920.

The Theosophical Society was founded at New York in 1875 by Madame H. P. Blavatsky and Colonel H. S. Olcott, and in 1882 it moved its international headquarters to Adyar, from where it spread the study of ancient Indian philosophy and revived pride in Hindu and Buddhist thought.

He founded the Mission in 1897 in the name of his teacher and established its headquarters at Belur Math near Calcutta in 1898, four years after his address to the Parliament of Religions at Chicago in 1893.

A Sanskrit scholar and principal of Sanskrit College, he argued from the shastras themselves that the remarriage of widows was permissible, petitioned the government and so brought about the Act of 1856; he also worked for girls' schools and against polygamy.

He founded the Satyashodhak Samaj, the society of truth seekers, in 1873 in Maharashtra to free the lower castes from Brahminical domination, and his book Gulamgiri of the same year compared their condition with that of slaves.

He founded the Arya Samaj at Bombay in 1875, held the Vedas to be the source of all true knowledge, rejected idol worship, priestly authority and hereditary caste, and set out his views in Satyarth Prakash.

He founded the Atmiya Sabha, a society of friends for religious and philosophical discussion, at Calcutta in 1815, and it was the first of his organised efforts against idol worship and empty ritual.

Reserves had been drained by years of current account deficits, by the rise in oil prices and the fall in remittances after the Gulf crisis, and by the withdrawal of deposits held by non-resident Indians, and at the worst point they could cover only a fortnight of imports.

The older law had treated size itself with suspicion and required large firms to obtain the government's approval before expanding, setting up a new undertaking or merging; the reforms of 1991 removed that requirement, and the Act of 2002 replaced the law altogether, shifting attention from the size of a…

It is the sale of a part of the government's equity in a public enterprise, either to the public through the stock market or to institutional and strategic buyers; when a majority holding is sold and management also passes to the buyer, it is called a strategic sale.

The World Trade Organisation came into being on that date at the end of the Uruguay Round of negotiations, taking the place of the General Agreement on Tariffs and Trade of 1947, and India, having been a party to the GATT, became a founder member.

The older Act of 1973 treated a breach of exchange control as a criminal offence and presumed guilt; the new Act treats most breaches as civil contraventions punishable with a penalty, and its purpose is stated as facilitating external trade and payments and the orderly development of the foreign exchange…

His committee of 1991 recommended reducing the statutory pre-emption of bank funds through the Cash Reserve Ratio and the Statutory Liquidity Ratio, allowing new private banks, introducing prudential norms for the recognition of income and for capital adequacy, and giving banks freedom in branch expansion; a second committee under him…

The Reserve Bank lowered the value of the rupee on 1 July and again on 3 July 1991 to make exports cheaper abroad, discourage imports and restore confidence in the currency during the crisis.

As Finance Minister in the government of P. V. Narasimha Rao he presented the budget of July 1991, which cut subsidies, reduced the fiscal deficit, lowered tariffs and set out the framework of the reforms, following the devaluation of the rupee earlier that month.

Liberalisation removed licensing and other controls on industry and trade, privatisation reduced the ownership and the role of the public sector through disinvestment and strategic sales, and globalisation opened the economy to foreign trade, investment and technology.

The Statement on Industrial Policy of that date ended licensing for all industries except a short reserved list, cut back the industries kept for the public sector, removed the requirement of prior government approval for expansion by large firms under the monopolies law, and allowed foreign direct investment up to…

Liberalisation means freeing economic activity from government controls: industrial licences, import licences and quantitative restrictions, ceilings on investment and administered interest rates.

He became Prime Minister in June 1991, in the middle of the balance of payments crisis, and his government devalued the rupee, borrowed from the International Monetary Fund and announced the New Economic Policy of liberalisation, privatisation and globalisation, with the Statement on Industrial Policy issued on 24 July 1991.