State Exams GK Questions 2026

Under the tinkathia system a tenant of Champaran had to grow indigo on three kathas out of every twenty kathas of his land for the European planter, and the crop had to be sold at a price the planter fixed.

Raj Kumar Shukla was a cultivator of Champaran who met Gandhi at the Lucknow session of the Congress in 1916 and followed him from place to place until Gandhi agreed to come and see the condition of the indigo tenants for himself.

Gandhi landed at Bombay on 9 January 1915, and the Government of India now observes that date as Pravasi Bharatiya Divas to mark the contribution of the overseas Indian community.

Gandhi read John Ruskin's Unto This Last on a train journey in South Africa in 1904, and the idea that the good of the individual lies in the good of all led him at once to found the Phoenix Settlement near Durban; he later rendered the book into Gujarati under…

Tolstoy Farm was founded in 1910 near Johannesburg on land given by Hermann Kallenbach, a German-born architect and close friend of Gandhi, and it housed the families of satyagrahis who had gone to jail, training them in manual labour and self-discipline.

Gandhi started the weekly Indian Opinion in 1903 in South Africa, and it was printed at the Phoenix Settlement in English and Gujarati, carrying the arguments of the Indian community against discriminatory laws.

The Natal Indian Congress, founded in 1894, was the first political organisation of Indians in South Africa and it was created to oppose a bill that sought to take away the right of Indians to vote in Natal.

Gandhi left for South Africa in 1893 to appear for Dada Abdullah and Company, a Gujarati merchant firm of Durban, in a commercial dispute, and the one year engagement stretched into a stay of twenty-one years.

The L. C. Gupta Committee appointed by SEBI recommended the introduction of exchange traded derivatives, the law was amended to include derivatives in the definition of securities, and trading in index futures began on the Indian stock exchanges in June 2000; index options, stock options and stock futures followed in…

Contango is the normal condition of a commodity market, because anyone holding goods until a future date must pay for storage, insurance and interest on the money locked up, and those carrying costs are added to the spot price to arrive at the futures price.

The Authority was created under the Warehousing (Development and Regulation) Act, 2007 to register warehouses and to regulate negotiable warehouse receipts, which allow a farmer to deposit produce in a registered warehouse, receive a receipt, raise a loan against it from a bank and sell the goods later instead of…

Organised futures trading in India began with cotton at Bombay in 1875, and the association formed in that year is treated as the first organised futures market of the country; oilseeds, jute and bullion followed in the decades after.

NCDEX, which began operations in 2003, is the exchange on which farm contracts such as guar seed, chana, castor seed, soybean, mustard, cotton and jeera are traded, and it is the reference point for agricultural futures prices in India.

The Forward Markets Commission was set up in 1953 under that Act, with its office at Mumbai, and it regulated commodity futures trading until its merger with SEBI in 2015, after which the Act itself was repealed.

The Forward Markets Commission was merged with SEBI on 28 September 2015, the Forward Contracts (Regulation) Act of 1952 was repealed by the Finance Act of 2015, and commodity derivatives were brought within the definition of securities under the Securities Contracts (Regulation) Act, 1956, so SEBI now regulates them.

A future is a standardised contract in which the exchange fixes the quantity, quality, delivery date and delivery centre, both parties deposit margin, positions are marked to market daily and a clearing corporation becomes the counterparty to both sides, so the risk of default is removed.

A call is the right to call the asset away from the seller, that is to buy it, and a buyer purchases a call when he expects the price of the underlying to rise above the strike price.

An option gives its buyer the right, but not the obligation, to buy or sell the underlying asset at the strike price on or before a stated date, and for this right the buyer pays a premium to the seller, who is called the writer.

A derivative has no independent value of its own; it is a contract whose worth is drawn from the price of something else, which may be a commodity such as gold or crude oil, a share, a stock index, a currency or an interest rate.

The Sirhind Canal is taken from the Sutlej at Ropar, now Rupnagar, and is one of the oldest canal systems of Punjab, irrigating a large tract of the Malwa region and parts of Haryana.