Social Science Questions & Answers

Social Science Questions & Answers

What is VIX?

The VIX is calculated and disseminated in realtime by the Chicago Board Options Exchange (CBOE). It’s a weighted blend of prices for a range of options on the S&P 500 index. The formula uses a kernelsmoothed estimator that takes as inputs the current market prices for all out-of-the-money calls and puts forth front month and second month expirations. The goal …

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What is vertical farming?

Farming indoors is not a new concept, per se, as greenhouse-based agriculture has been in existence for some time. Numerous commercially viable crops (e.g., strawberries, tomatoes, peppers, cucumbers, herbs, and spices) have seen their way to the world’s supermarkets in ever increasing amounts over the last 15 years. Most of these operations are small when compared to factory farms, but …

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What is urban mining?

Urban mining is the European fancy name for the process of making money out of garbage using sophisticated machinery. Urban mining is the process of reclaiming precious and minor metals from old electronic equipment. With the soaring price of metals, such recycling of previously mined metals is lucrative — 1 tonne of ore from a gold mine produces just 5 …

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What is unusual about lemmings?

The strange thing about lemmings is the way they, apparently, commit mass suicide. These grey or reddish-brown rodents look like mice, but are slightly larger. They live in large areas of the northern world, including Alaska, north-west Canada and Scandinavia. But, in fact, only the Scandinavian lemmings stampede in such a suicidal manner. Now and then thousands of them travel …

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What is unique about the production ‘Dralion’?

‘Dralion’ is an entertainment show produced by Montreal-based company Cirque du Soleil Inc, well known for its circus-based dance dramas. The show ‘Dralion’, which has already toured different parts of the world, is currently located at Sydney and been seen by seven million people. It’s main theme is to project human life as an integral part of nature, and, specifically, …

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What is unique about the Hangzhou Bay Bridge?

This is a bridge across Hangzhou Bay off the eastern coast of China. It links the municipalities of Shanghai and Ningbo in Zhejiang province. It’s the longest transoceanic bridge in the world although it does not have the longest cable-stayed main span. The bridge is 36 km long with six expressway lanes in two directions. The construction started on June …

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What is the Whitley Council?

Whitley Council, also called Joint Industrial Council, in Great Britain, any of the bodies made up of representatives of labour and management for the promotion of better industrial relations. An original series of councils, named for J.H. Whitley, chairman of the investigatory committee (1916–19) who recommended their formation, were first instituted as a means of remedying industrial unrest. Many of …

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What is the White Revolution?

In India, Gujarat and Rajasthan had excess production as compared to local consumption of milk. In 1970, the National Dairy Development Board initiated activities like building veterinary centres, milk chilling centres, processing plants and strengthened the milk cooperative movement based on Anand Milk Union Limited (AMUL). This was done through Operation Flood, with aid from the Food and Agriculture Organisation …

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