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General Knowledge for Competitive Exams

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Sources of revenue and expenditure of Government of India

Mar 20, 2017

The Government of India had stated in the budget of 2017-18 that the total income of the government was Rs.21,46,735 cr. while fiscal deficit amounted to Rs. 5,46,532. Government of India receives maximum revenue from Borrowing and other Liabilities (19% of total revenue) while the share of states in taxes and fees (24% of the total expenditure)is the largest item of expenditure.

What are the main functions of Reserve Bank of India

Mar 6, 2017

Reserve Bank of India (RBI) is the supreme monetary authority of India. This organization is responsible for printing of currency notes and managing the supply of money in the Indian economy. RBI works as a custodian of foreign reserve, banker’s bank, banker to the government of India and controller of credit.

13 Parameters to Compare India and China

Feb 20, 2017

India has become the fastest growing economy of the world. The size of Indian economy is $US 4.99 trillion while china stands at $US13.39 trillion in terms of PPP. In this article we have compared these two super powers of the world with the help of authentic data.

Foreign Direct Investment limit in the different Sectors of the Indian Economy

Feb 3, 2017

A Foreign Direct Investment (FDI) is an investment by foreign investors in the foreign based company. Mainly there are two types of FDI, one is Green Field Investment (a fresh company is established in a foreign country) and the other is Portfolio Investment (shares of a foreign company are purchased or ownership acquired in a foreign company).

What is depicted by 16 digits printed on Debit Card?

Jan 24, 2017

ATM card is also known as Debit Card and it is used for online shopping, online bill payments etc .Without going bank we can withdraw money from ATM machine with the help of debit card. In this article we will see that 16 numbers on debit card carries a lot of information including the card issuer and many more.

How National Highways are named in India

Jan 19, 2017

National Highways Authority of India (NHAI; was set up in 1988) is responsible for development, maintenance and management of Highways in India. In India, the road network extends to 5,472,144 Kilometers out of which 97,991 Kilometers belongs to national highways. India has the second largest road network across the world.

6 Amazing Questions on Indian Budget You Never Know

Jan 12, 2017

The Union Budget of India, which is known also as the ‘Annual financial statement’ in the Article 112 of the Indian Constitution. The first Union budget of independent India was presented by R. K. Shanmukham Chetty on November 26, 1947. Former Prime Minister Manmohan Singh and former finance minister Yashwant Sinha are the only two leaders who presented the Union Budget of India 5 times consecutively.

Jargons of Economics-III

Jan 7, 2017

Economics is a very crucial subject for all the completive exams like IAS/PCS/SSC/Banking etc. every completive exam ask some questions based on the terminology of economics. So to cater the objectives of the aspirants; Jagran josh is giving some important terms of economics.

White Revolution in India

Dec 21, 2016

White Revolution is associated with a sharp increase in the milk production. The White Revolution in India, also known as Operation Flood was launched in 1970s to make India self dependent in milk production. Dr Verghese Kurien is known as the father of The White Revolution in India. Currently India is the world’s largest milk producer.

What is GDP and how it calculate India’s Income

Dec 17, 2016

An Overview of the GDP of a nation is crucial in understanding the economy of that nation. But, do you know how GDP is defined and how can it be an insight to the Economy of a nation? GDP stands for Gross Domestic Product which helps to calculate the aggregate production; hence it works as economic indicator as well.

Prime Minister’s Plan for all Sections of the Country

Dec 8, 2016

India is famous for its unity in diversity that is why the policy makers of the country need to make plans for every citizens of the country. The same is also justified by the launch of programmes like Beti Bachao Beti Padhao Yojna, SABLA, Kaushal Vikas Yojna, MGNREGA and Pradhan Mantri Mudra Yojna etc.

History of Taxation in India

Dec 6, 2016

Tax is a mandatory liability for every citizen of the country. There are two types of tax in india i.e. direct and indirect. Taxation in India is rooted from the period of Manu Smriti and Arthasastra. Present Indian tax system is based on this ancient tax system which was based on the theory of maximum social welfare.

List of Various Rural Development Schemes in India

Dec 5, 2016

Different ministries of the government of India formulate various development schemes not to raise the profit but to maximise the welfare of the people. Some schemes like National Rural Livelihood Mission, MGNREGA, Bharat Nirman etc. are made by the government for rural development of India.

5 Reasons How Debit Card can lead you to Fraud Transaction

Nov 11, 2016

As we all know, Fraud cases are increasing day by day via internet banking or we can say it as cyber crime which is done by means of computer or internet. Through this article I am making you aware that while using debit card make sure that you will follow these 5 safe measures to keep your account from getting hacked.

Rs of 500 and 1000 Note Ban: Benefits & Drawbacks

Nov 9, 2016

PM Modi announced a decisive war against black money and also corruption by demonetising notes of Rs 500 and Rs 1000 which will be no longer legal. So, let us have a look on the benefits of this scheme, how it will be beneficial and also some drawbacks.

Rs of 500 and 1000 Note Ban: Is this the first time in Indian History?

Nov 9, 2016

PM Modi’s announcement regarding the ban on Rs 500 and 1000 Notes has come as a surprise for all of us. But, this is not the first time that the Indian government has taken such a bold step to tackle the menace of black money. We list down the earlier instance, when the government has demonetized high-value currency.

Devaluation of Indian Rupee: Reasons & History Since 1947

Oct 5, 2016

Devaluation of Indian Rupee taken place 3 times since 1947.  At the time of independence, one can buy a dollar with one Indian rupee but today you have to spend 66 rupees to buy a dollar. Devaluation means reduction in the external value of the domestic currency.

Important Glossary Related to Budget

Sep 20, 2016

Under Article 112 of the constitution, a statement of estimated receipts and expenditure, called the 'Annual Financial Statement'. The finance minister of India presents the annual budget every year in the parliament. There are so many terms used during the full budget presentation which are not known to many peoples. So we are explaining a bit about these terms for the convenience of general public and students.

List of Trade Unions of India

Sep 20, 2016

Trade Unions in India are registered and file annual returns under the Trade Union Act (1926). Statistics on Trade Unions are collected annually by the Labour Bureau of the Ministry of Labour, Government of India. Congress associated, the Indian National Trade Union Congress (INTUC) is assumed as the biggest of the seven central trade unions, with a membership of 33.3 million.

List of Top Five Debt Ridden Country of the World

Sep 16, 2016

A country found itself in debt trap when the expenditure of a country exceeds the revenue of that country year by year. After factual analysis we found that Japan is the most debt ridden country in the world followed by the Greece and Lebanon. Japan has debt of 229% of its GDP.

List of Various Development and Employment Programmes in India – at a Glance

Sep 15, 2016

Every government launches various programmes to provide various kinds of facilities to its citizens. These programmes may be related to the field of education, health, electricity, employment and social upliftment of all the citizens. Examples of some programmes are: Pradhan Mantri Ujjwala Yojana, Pradhan Mantri Awas Yojana (PMAY) and Digital India Programme etc.

List of Finance Ministers of India

Sep 13, 2016

The Minister of Finance (or simply, finance minister) is the head of the Ministry of Finance of the Government of India. The finance minister is responsible for the fiscal policy of the government.  The Finance Minister presents the annual Union Budget (article 112) in Parliament. The first finance minister of independent India was R. K. Shanmukham Chetty, who also presented its first Budget.

List of international Organisations in the Area of Economics, Social & Politics

Sep 12, 2016

The 20th century has established so many institutions/organisations in the area of economics, social and politics. Some institutions like World Bank, International Monetary Fund is made to deal with monetary issues, United Nations is made to deal with political issues and European Union is made to deal with social and commercial issues.

List of top 15 Private Sector Banks in India

Sep 7, 2016

In banking sector, there are 3 types of banks i.e. Public sector Banks, Private sector Banks and Foreign sector banks. In private sector Banks; the Banks are owned through either an individual or with limited partners and these types of banks are not incorporated. HDFC (Housing and Development Finance Corporation) is the biggest bank of India in terms of market capitalization followed by axis bank and ICICI Bank.

Role of Different Industries in the Indian Economy

Aug 29, 2016

An economy is made from the composition of many different industries like agriculture, service, engineering, manufacturing etc. These industries provide so many benefits to the economy i.e. employment generation, production of goods and services, equal income distribution in the whole economy. Service sector contributes 60% of the Indian GDP while agriculture gives around 14% of GDP.

List of Approved Stock Exchanges in India

Aug 26, 2016

Stock exchanges are the place where investors buy and sell the shares in the companies. As of now there are 23 SEBI approved stock exchanges in the country. Stock market is managed and regulated by the Securities and Exchange Board of India (SEBI).

Commodity Exchanges of India

Aug 26, 2016

A commodities exchange is an exchange where various commodities and derivatives products are traded. Most commodity markets across the world trade in agricultural products and contracts based on them. These contracts can include spot prices, forwards, futures and options on futures.

What is GST Bill and how will it affect the life of a Common Man?

Aug 11, 2016

The GST bill was passed by Indian Parliament on August 8, 2016. After a few more formalities, the bill will finally become a law. This single tax will replace all the existing indirect taxes in India. Due to this single tax named GST, the prices of many commodities will decline and it is also expected to increase the Gross Domestic Product of the country by 2%.

Top Crops Producing States of India

Jul 21, 2016

It is known to everyone that agriculture is the backbone of Indian economy. It provides direct employment to 53% population of the country. Currently it is contributing 14% of Indian GDP. In this article we provided the status of Indian states in terms of different crops produced by them.

Per Capita Income of Indian States

Jul 20, 2016

The latest report on the state per capita income released by the Ministry of Statistics and Programme Implementation on 20 Aug 2015, says that Goa has highest state per capita income followed by Delhi and Sikkim respectively. While Bihar, Uttar Pradesh, Manipur, Assam, and Jharkhand are top 5 poorest states in terms of NSDP per capita.

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