Business/Economy 1- FDI stands for Foreign Direct Investment 2-Inflation is a general increase in prices and fall in the purchasing value of money. 3- Deflation is a reduction of the general level of prices in an economy. 4- SEZ stand for Special Economic Zone 5- Marginal Standing Facility Rate is the rate at which banks … Read more
Business/Economy 1-The amalgamation of Centurion bank and HDFC bank in India was carried out in the year 2008 2-SBI was nationalised in the year 1955 3-Banking Regulation Act was passed in the year 1949 4- RBI Act come into existence in 1934 5-India a member of IMF since 1947 6-Ministry of Finance, Government … Read more
Business/Economy, 1- The Code of Bank’s Commitment has been issued by BCSBI. 2-The three pillars of the Basel II framework are Minimum capital requirements,Market discipline and Supervisory review. 3-The minimum shareholding of RBI in SBI should be 55 % as per SBI Act. 4-SBI Cards credit card company has tied up the Railways to issue … Read more
Banks in India that have undergone mergers Name of the Bank Name of the acquiring bank Year of the merger Centurion Bank of Punjab HDFC Bank … Read more
Business/Economy 1-Service Area Approach (SAA) is associated with rural and Semi-urban branches of commercial banks 2- Indian Commercial Banks are categorized into (1) Public sector Banks(2) Foreign Banks(3) Private Sector Banks 3- SARFAESI Act pertains to effectively dealing with the problem of non-performing assets (NPAs) inIndian banking 4- When a person opens an account in … Read more
Business/Economy 1-Regional Rural Banks have been set up with the basic objectives of providing credit, deposit and other banking facilities to people in rural areas 2-Global Market means market of all major countries and their alliances 3-Inflation in India is measured on Wholesale Price Index (WPI) indexes/indicators 4-Which organizations /agencies works solely to monitor and … Read more
Economy 1- The core sector of Indian economy is Iron and Steel 2-The Chairman of Planning Commission is ‘The Prime Minister’. 3-‘Poverty Line’ means – The minimum level of per capita consumer expenditure 4-The ‘Big Push’ strategy was adopted for development of India’s- Second Plan 5-The oldest large scale industry in India is Cotton Textile … Read more
Economy -Important Bits 1- The establishment of the Tata Iron and Steel Company (TISCO) at Jamshedpur in 1907 was the 1st effort at large scale production of iron and steel in India. 2- The 1st modern industry to develop in India was the cotton textile industry. 3- The 1st bank of limited liability managed … Read more
Gold Coin and Bullion Scheme Gold Monetisation Programme also includes Indian Gold coin and Bullion. Important Facts – It is the first Indian minted gold coin, having National Emblem of Ashoka Chakra on one sideand Mahatma Gandhi on other side. Coin’s Denomination – 5 and 10 gram Bullion – 20 gram MMTC (Metals and Mineral … Read more
Finance Commission Of India Finance Commission Year of Establishment Chairman Operational Period First 1951 … Read more