A stop payment instruction of a cheque can be issued by
One of the key area of Asset Liability Management of banks is the interest management,banks analysed interest trends based on
Who was nominated from India for Man Booker International Prize2013 ?
Every year's 28th February is associated with something very significant for Indian economy.What happens on that day ? Sorry for not providing the options as it would have made the question easier 😁
which of the following entities/funds are eligible to get registered as foreign institutional investors?
Who is the winner of Man Booker International 2013?
More of a political gimmick,which state has recently made tobacco tax free ?
Explain P-notes..
MINIMUM AND MAXIMUM LIMIT FOR NEFT..
Which is the first state to start e-gpf ?
Man Booker Prize for Fiction €“Books & winners (All- time)
2013-Eleanor Catton-- for 'The Luminaries' €‹
2012- Bring Up the Bodies (Hilary Mantel)
2011 - The Sense of an Ending (Barnes)
2010 - The Finkler Question (Jacobson)
Current RBI Policy & Reserve Rates***********************************
1. Repo Rate – 7.50%
2. Reverse Repo– 6.50%
3. CRR – 4%
4. SLR – 23%
5. MSF– 9.00%
6. Bank Rate – 9.00%
1. Repo Rate : Whenever the banks have any shortage of funds they can borrow it form RBI. Repo rate is the rate at which commercial banks borrows rupees from RBI. A reduction in the repo rate will help banks to get money at cheaper rate. When the repo rate increases borrowing form RBI becomes more expensive.
2. Reverse Repo Rate : Reverse Repo rate is the rate at which RBI borrows money from commercial banks. Banks are always happy to lend money to RBI since their money is in the safe hands with a good interest. An increase in reverse repo rate can cause the banks to transfer more funds to RBI due to this attractive interest rates. One factor which encourages an organisation to enter into reverse repo is that it earns some extra income on its otherwise idle cash.
3. CRR (Cash Reverse Ratio) : CRR is the amount of funds that the banks have to keep with RBI. If RBI increases CRR, the available amount with the banks comes down. RBI is using this method (increase of CRR), to drain out the excessive money from the banks.
4. SLR (Statutory Liquidity Ratio) : SLR is the amount a commercial banks needs to maintain in the form of cash, or gold, or govt. approved securities (Bonds) before providing credit to its customers. SLR rate is determined and maintained by RBI in order to control the expansion of the bank credit.
5. Marginal Standing Facility (MSF) : MSF rate is the rate at which banks borrow funds overnight from the Reserve Bank of India (RBI) against approved government securities.
6. Bank Rate : The interest rate at which at central bank lends money to commercial banks. Often these loans are very short in duration. Managing the bank rate is a preferred method by which central banks can regulate the level of economic activity. Lower bank rates can help to expand the economy, when unemployment is high, by lowering the cost of funds for borrowers. Conversely, higher bank rates help to reign in the economy, when inflation is higher than desired.
NEW BULLS is a term associated with which of the following:::
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1Global payments solutions provider Visa announced its partnership with Micro Pension Foundation to launch pension scheme for low-income groups in the rural areas to save for their future. The companies have tied up with old private sector lender Ratnakar Bank for the cash-in and cash-out services
3. Rajiv Rinn Yojana Scheme”an Interest subsidy scheme for housing and urban poor which will be implemented as a standalone central sector scheme.
4. Yashasvini Cooperative Farmers' Health Care Scheme, launched in Karnataka in June 2003, has successfully completed 10 years benefiting lakhs of farmers in co-operative sector.
5. Seekho Aur Kamao (Learn and Earn) Scheme Launched by Union Government of India, a new Skill Development scheme for the youth of Minorities Communities.
6. Assam government launched 'Swavalamban Pension Scheme' in which a person with a minimum contribution of Rs 1,000 per year will get an equal amount of contribution from the govt. Note: The benefit will be available to a subscriber whose investment will not exceed Rs 12,000 every year. The maximum amount of contribution is fixed at Rs 50,000 annually
7. Kanyashree Project launched by West Bengal govt, with an aim to betterment to the life of the girl children
. 8. Centrally sponsored National Urban Health Mission to be launched in UP soon
9. Janalakshmi Financial Services , a microfinance institution, has signed a five-year agreement with Accenture to scale-up operations and expand services to the urban poor in the country. Note: Ramesh Ramanathan, Chairman, Janalakshmi.
10. Rashtriya Uchchatar Shiksha Abhiyan approved by CCEA: The Cabinet Committee on Economic Affairs approved the Rashtriya Uchchatar Shiksha Abhiyan (RUSA), a Centrally Sponsored Scheme (CSS) for reforming the state higher education system.
11. Amma Drinking Water' launched in Tamil Nadu a scheme to provide 1 litre mineral water at Rs. 10 a bottle, to ensure quality and affordable drinking water to the poor and middle class.
12. The Vikram Udyogpuri (Delhi-Mumbai Industrial Corridor) project launched in Madhya Pradesh.
Main Points of Food Security Bill 2013: 👼👼👼👼🍻🍻🍻👍👍👍👍👍
1. The food security bill approved is directed towards giving the right to food to around 67 per cent of India's 120-crore population.
2. 75 percent of rural and 50 percent of the urban population are entitled for three years from enactment to 5 kg food grains per month
3. While families in the poorest of the poor will continue to get 35 kg of grains per month.
4. Rice will be made available at 3 Rs per Kg.
5. Wheat will cost 2 rupees a kg and cereal will be sold for 1 Rupees per kg
. 6. The Food Security programme will be the biggest in the world with the government spending estimated at Rs. 1,25,000 crore annually on supply of about 62 million tonnes of rice, wheat and coarse cereals to 67 per cent of the population.
7. About 2.43 crore poorest of the poor families covered under the Antyodaya Anna Yojana (AAY) scheme under PDS (Public Distribution System) would continue to get 35 kg of food grains per family per month but with legal entitlement.
8. In Union Budget 2013-14, Rs 10,000 crore set aside for incremental cost for National Food Security Bill.
9. The scheme will be linked to the Aadhar scheme which provides every citizen with a unique identification number that's linked to a database that includes the biometrics of all card-holders.
10. C Rangarajan is the head of the committee for examination of the Food Security Bill.
11. Chhattisgarh the first state to pass legislation on food security. The state legislative assembly passed the Food Security Bill 2012 that confers legal rights to the beneficiaries to receive food grains and food items at highly subsidized prices.
12. Pregnant women, lactating mothers, and certain categories of children are eligible for daily free meals👏👏👏👏
Which of the following have been discontinued
CPI overstate the true inflation rate due to which of the following biases
Leader's Visited India:👏👏👏👏👏👏👏👏👍👍👍👍👍
1. Aga Khan, a Swiss-Born Philanthropist and Muslim Spiritual Leader Visited India
2. Nepal Army Chief General Gaurav Shamsher J B Rana visit to India to strengthen military-to-military ties, including supply of hardware to Nepal Army.
3. President of Republic of Liberia Ellen Johnson Sirleaf visited India
4. Prime Minister of Bhutan Lyonchhen Tshering Tobgay visited India.
5. Foreign Minister of Nicaragua,Samuel Santos Lopez visited India
6. Vice President of Afghanistan Mohammed Karim Khalili visited India
7. Taukelina Finikaso, the Foreign Minister of Tuvalu visited India
8. Prime Minister of Iraq Nouri al-Maliki visited India
9. Special Envoy of India for Sudan and South Sudan: PS Raghavan visited South Sudan
10. Secretary of State of the United States, John Kerry Completed
India Visit
11. Moussa Faki Mahamat, Minister for Foreign Affairs and African
Integration of Republic of Chad, visited India.
12. PM of Singapore Lee Hsien Loong visited India.
13. Foreign Minister of Argentina, Hector Marcos Timerman has arrived India on a four-day visit.
15. Foreign Minister of Cuba Bruno Rodriguez Parrilla visited India in May
16. Foreign Minister of Portugal, Paulo de Sacadura Cabral Portas Visited India in March
17. United Nations Special Reporter on violence against women, Rashida Manjoo visited India.
18. 5 member Pakistan Delegation of Indus Commission visited India. Mirza Asif Baig headed the Pakistan delegation team.
19. A four-member delegation of African Union Commission's visited India during 4-7 September 2013.Delegation led by Ambassador Jean-Baptiste Natama
DICGC insures upto a lakh of rupees.. exceeding that ,koi insurance nahi hota deposits ka ?
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The RBI on September 2, 2013 decided to allow banks to include ________in the scope of activities undertaken by Business Correspondents (BCs).