Economy-Government Schemes Schemes / Government Initiatives 1-National Investment and Infrastructure Fund (NIIF) * It is set up as Category II Alternate Investment Fund (AIF) under the Securities and Exchange Board of India (SEBI) Regulations. NIIF is India’s first sovereign wealth fund. 2-Sovereign Gold Bond Scheme (SGBs) * The Sovereign Gold Bonds … Read more
Indian Economy 1-The economy of India is the sixth-largest economy in the world . 2-The economy of India is measured by nominal GDP and the third-largest by purchasing power parity (PPP). 3- Maharashtra is the wealthiest Indian state and has an annual nominal GDP of US$330 billion, nearly equal to that of Portugal and … Read more
Business/Economy 1-Many times we read a term “ECB” in financial newspapers. What is the full form of ECB – External Commercial Borrowing 2- HDFC has launched “Dhanchayat” an educational film to raise awareness on the dangers of borrowing money from unorganised sources. 3- If a company which is not a non – banking financial company … Read more
Business/Economy 1-A rate of exchange established between any two currencies on the basis of the respective quotation of each currency in terms of a third currency is known as Cross rate 2-Infusion of liquidity, by RBI, is done through LENDING from / to banks under a REPO transaction. 3- Some banks are financing big projects … Read more
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