The Supreme Court of India upheld the decision to implement the quota for other backward glasses (OBCs) in higher educational institutions. The court, however, excluded the 'creamy layer' from being a beneficiary. The reason is:

• Creamy layer is not an OBC; it is a forward caste

• Creamy layer is politically powerful

• It can compete with others on equal footing

• The inclusion of creamy layer would be unjust

Hegde fund is a fund

• used for absorbing inflation

• used for cushioning health risks

• applied to minimize the risk of financial market transactions

• applied for absorbing the risk in commodity trading

What does strong Rupee as against the dollar mean to India ?

• There is a Balance of Payments surplus

• Indian economy is globally respected

• It is a sign of economic buoyancy

• It is a sign of economic buoyancy

Name the latest State which declared independence in 2008

• Serbia

• Kosovo

• Kurdistan

• Tibet

Name the Finance Minister who presented the highest number of
Budgets in the parliament so far

• P. Chidambaram

• Morarji Desai

• Manmohan Singh

• T.T. Krishnamachari