Now you Know

Lockout
Closure of a factory by owners to force the workers to accept the imposed terms.

Malthusian theory of population
It states that the food supply increase in arithmetical progression while population increase by geometrical progression resulting in over-population.

371. Fact

Octroi
Tax imposed on articles coming inside a city.

372. Fact

Public sector
Applies to state enterprises or undertaking.

373. Fact

Recession
An economic phenomenon characterised by excessive production, less demand, tight money market.

374. Fact

Soft currency
Currency of a country with which we have favourable balance of trade.

375. Fact

Sterling area
Group of countries of commonwealth (except canada) keeping their reserves in sterling and not gold or dollars.

376. Fact

Tariffs
Measures undertaking by one country to protect industry against trade competition from outside.

377. Fact

Apartheid
Policy of racial segregation practiced by the south african government.

378. Fact

Adjournment
A motion moved by a member of a legislature to adjourn consideration of the issues in hand for discussing a matter of urgent public importance.

379. Fact

Amnesty
Grant of pardon or exemption from prosecution to political importance.

380. Fact

Armistice
Temporary cessation of hostilities pending formal negotiations for peace.

381. Fact

Appeasement
The policy of gratifying one's enemy with concession and special grants by sacrificing even principles.

382. Fact

Autonomy
Power to control internal affairs.

383. Fact

Bilateral agreement
An agreement between two countries.

384. Fact

Blockades
Imposing closure of ports and waterways to prevent ships from reaching or leaving it.