In a falling interest rate scenario and perhaps to keep their fiscal numbers under control, the government has recently lowered the interest rate on the GOI Savings (Taxable) Bonds. The government has replaced the erstwhile 8 percent Savings (Taxable) Bonds 2003 with the 7.75 per cent Savings (Taxable) Bonds. The bonds opened for subscription on January 10. While most of the features remain the same, the tenure has been increased by one year. The bonds suit conservative investors who are looking for assured and fixed returns with complete safety of their principal amount. However, currently the interest rate is not high enough compared to instruments that a retiree usually looks at. [S.2, Q.2] The bonds mentioned in the passage will be issued for minimum face value amount of: (Topic : Growth Measurement) – 2 Marker

In a falling interest rate scenario and perhaps to keep their fiscal n

1.	In a falling interest rate scenario and perhaps to keep their fiscal numbers under control, the government has recently lowered the interest rate on the GOI Savings (Taxable) Bonds. The government has replaced the erstwhile 8 percent Savings (Taxable) Bonds 2003 with the 7.75 per cent Savings (Taxable) Bonds. The bonds opened for subscription on January 10. While most of the features remain the same, the tenure has been increased by one year. The bonds suit conservative investors who are looking for assured and fixed returns with complete safety of their principal amount. However, currently the interest rate is not high enough compared to instruments that a retiree usually looks at. [S.2, Q.2] The bonds mentioned in the passage will be issued for minimum face value amount of: (Topic : Growth Measurement) – 2 Marker
A.	Rs. 1500
B.	Rs. 500
C.	Rs. 1000
D.	Rs. 2000
E.	Rs. 1200
Answer» D. Rs. 2000

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“We don’t need no education,” crooned Pink Floyd decades ago. The Government of India eminently disagrees. It wants us and our coming generations to imbibe world class education — from ‘Institutions of Eminence’. Miffed that even the best Indian academic institutions did not make it to the lists of top ranked global universities and did not produce enough cutting-edge research, the government decided that something needed to be done. The answer: Institutions of Eminence. The hunt began last year with the University Grants Commission tasked with selecting 10 government universities and 10 private ones that would be a cut above the rest. These Institutions of Eminence would be given significant autonomy in operations — from setting their curriculum and recruiting foreign faculty to entering academic tie-ups. The selected government institutions would also be given up to Rs 1,000 crore over five years to help them become world-class. The ultimate objective is for these Institutions of Eminence to acquire global standing in a few years. [S.3, Q.1] The Union Ministry of Human Resource Development (HRD) has granted Institution of Eminence (IoE) status to how many institutions? (Topic : Growth Measurement) – 2 Marker
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