Teachings of Buddha and Buddhism have become inseparable parts of the Mongolian way of living. Madhyamika, known as the Middle Path or Noble Eightfold Path, consisting of perfect view, perfect thought, perfect speech, perfect action, perfect mode of living, perfect endeavor, perfect mindfulness, and perfect consciousness helped to form our thoughts and turned into a philosophy that has a huge impact on our state policy. Henceforth, Mongolians attach the highest value to gyan (knowledge), dharma (realisation), and karma (action).