Business/Economy- One Liners 1-National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year 1999 2-Fiscal deficit in the Union Budget means the sum of budgetary deficit and net increase in internal and external borrowings. 3-Devaluation of currency will be more beneficial if prices of exports remain constant 4-The banks are required to … Read more
Business/Economy 1-The term ASBA (Applications Supported by Blocked Amount) is used in Capital market financial services. 2- For lending to the priority sector, the RBI has demanded all regional rural bank (RRBs) to increase the limit for home loans form Rs. 5 lakh to Rs. 10 lakh. 3-When a bank provides loan for … Read more
Business/Economy 1-India has become a net exporter of electricity during the April-February 2017 period this fiscal for the first time. 2-According to the statement, during the current year 2016-17 (April-February), India has exported around 5,798 million units to Nepal, Bangladesh and Myanmar. 3-Growth of the country’s eight core sectors slipped to an over … Read more
Business/Economy 1-India ranks 7th in tourism economy in terms of GDP according to the WTTC (World Travel and Tourism Council). 2-India’s Travel and Tourism sector was also the fastest growing amongst the G20 countries, growing by 8.5% in 2016. 3-Data from the UN World Tourism Organisation (UNWTO) shows that India received only … 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
Indian Economy 1-The economy of India is the sixth-largest economy in the world measured by nominal GDP and the third-largest by purchasing power parity (PPP). 2- India’s economy became the world’s fastest growing major economy in the last quarter of 2014, replacing the People’s Republic of China. 3-The Indian economy has the potential … 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