Questions

The phrase ‘almost terrible as’ needs to be replaced with ‘almost as terrible as’ to make the sentence correct. This is because, ‘As...As’ is the pair of words that needs to be used together. Thus, the correct sentence would be, ‘For young Donald, peace in Vietnam was almost as terrible as war’.

In 1861, civil war broke out in the USA. USA was the largest supplier of cotton to Britain. Once the civil war broke out, the demand for cotton from India became high and this led to a surge in cotton cultivation in India and there was a period of ‘boom’ then.In May and June 1875, peasants of Maharashtra in some parts of Pune, Satara and Ahmednagar districts revolted against increasing agrarian distress. The Deccan Riots of 1875 targeted conditions of debt peonage (kamiuti) to moneylenders.In 1879, the Agriculturists Relief Act was passed which ensured that the farmers could not be arrested and imprisoned if they were unable to pay their debts.

In India, Fiscal Policy is formulated by the Ministry of Finance.

Fiscal policy is playing an important role on the economic and social front of a country. Traditionally, fiscal policy is concerned with the determination of state income and expenditure policy. But with the passage of time, the importance of fiscal policy has been increasing continuously for attaining rapid economic growth.

An effective fiscal policy is composed of policy decisions relating to the entire financial structure of the government including tax revenue, public expenditures, loans, transfers, debt management, budgetary deficit, etc.

The ancient India, the earliest capital of Magadha kingdom was at Rajgir.