Questions

G-15 is an economic grouping of Third World Nations.

The countries listed in G-15 group are Algeria, Argentina, Brazil, Chile, Egypt, India, Indonesia, Iran, Jamaica, Kenya, Malaysia, Mexico, Nigeria, Peru, Senegal, Sri Lanka, Venezuela, and Zimbabwe.

The G-15 membership has expanded to 18 countries, but the name has remained unchanged. 

• The First World described countries whose views aligned with NATO and capitalism. The United States was considered a member of the First World.

• The Second World referred to countries that supported communism and the Soviet Union. Russia was considered a member of the Second World.

• The Third World referred to countries whose views did not align with NATO and capitalism or the Soviet Union and communism. A Third World country is a developing nation characterized by poverty and a low standard of living for much of its population. Third World countries referenced the nations, mostly in Asia and Africa.

A bank run occurs when a large number of people withdraw their money from a bank, because they believe the bank may cease to function soon.

A banking panic or bank panic is a financial crisis that occurs when many banks suffer runs at the same time, as people suddenly try to convert their threatened deposits into cash or try to get out of their domestic banking system altogether.

List of fundamental duties of the citizens of India in Article 51A of the Indian Constitution :

1. to abide by the constitution and respect its ideal and institutions;

2. to cherish and follow the noble ideals which inspired our national struggle for freedom;

3. to uphold and protect the sovereignty, unity and integrity of India;

4. to defend the country and render national service when called upon to do so;

5. to promote harmony and the spirit of common brotherhood amongst all the people of India   transcending religious, linguistic and regional diversities, to renounce practices derogatory to the   dignity of women;

6. to value and preserve the rich heritage of our composite culture;

7. to protect and improve the natural environment including forests, lakes, rivers, and wild-life       and to have compassion for living creatures;

8. to develop the scientific temper, humanism and the spirit of inquiry and reform;

9. to safeguard public property and to abjure violence;

10. to strive towards excellence in all spheres of individual and collective activity

11. who is a parent or guardian , to provide opportunities for education to his child, or as the case may be, ward between the age of six and fourteen years.