Jagran Josh Logo
  1. Home
  2.  |  
  3. GK Facts
  4.  |  
  5. Economic Facts

General Knowledge for Competitive Exams

Read: General Knowledge | General Knowledge Lists | Overview of India | Countries of World

How to change Soiled and mutilated Bank Notes as per RBI rules

Dec 13, 2017
If you have old and soiled Notes, then you can change these Notes by going to any commercial bank. The most convenient thing is that customer need not to have any account with the bank in which he is going to change the Notes. No bank can refuse to change your old and soiled old Notes because of the rules of the Reserve Bank of India (RBI).

What is the Sensex and how is it calculated

Dec 11, 2017
The Sensex measures the stock prices of 30 listed companies of the Bombay Stock Exchange. If the Sensex rises up, then it shows that the stock price of most companies of "Bombay Stock Exchange" (BSE) has increased and if the Sensex decreases; it shows that the stock price of most companies of BSE has dropped down. The main reason for the ups and downs in the Sensex is the fluctuations in the prices of these 30 companies.

What is the importance of Chabahar Port for India

Dec 4, 2017
China is trying to surround India with the help of projects like "Strings of Perils" .To counter Chinese threats India has signed a $20 billion (about $ 1,363 billion) deal with Iran to develop "Chabahar port" in Iran in 2015. This is a trilateral agreement which includes Afghanistan and India along with Iran.

How currency and coins are circulated in the Indian economy by the RBI

Dec 1, 2017
The establishment of Currency Chests or "currency vault" has been done by the RBI to smoothly circulate the banknotes in the economy. To open a Currency Chest, the RBI authorizes the selected branches of commercial banks. Bank notes are stored by RBI in these Currency Chests. Currency Chest supplies banknotes to other branches of commercial banks situated in the nearby area.

The History of the Indian Currency Notes and its Evolution

Nov 30, 2017
The origin of the word “Rupee” is from Sanskrit word Rupya which means shaped, stamped, impressed, coin and also from the Sanskrit word “raupya” which means silver. There was a long history of struggle, exploration and wealth which can be traced back to the ancient India of the 6th Century BC regarding rupee. The Paper Currency Act of 1861 gave the Government the monopoly of note issued throughout the vast expanse of British India.

What is Corporate Social Responsibility and how much money is spent on it in India

Nov 27, 2017
Corporate Social Responsibility refers to responsibility of the companies to upgrade the well being of the weaker sections of the society by spending a sum of their profit on CSR activities. As per CSR rule, companies which have annual net worth of Rs. 500crore or annual income of Rs.1000 crore or an annual profit of Rs.5 crore, it is necessary for them to spend at least 2% of the average profit of three years on the CSR activities.

One year of Demonetisation: A detailed analysis of the Advantages and Disadvantages

Nov 21, 2017
Prime Minister Narendra Modi on November 8, 2016, had banned old notes of 500 and 1000 rupees all over the country. This ban throws a shock wave across the country and created fear among the terrorist, corrupt officials and tax evaders. This article is based on the analysis of the advantages and disadvantages of the demonetisation.

Hunger Problem in India:Some Awakening facts

Oct 31, 2017
As per the latest census data there is 22% population of India is living Below the Poverty Line. A huge part of Indian population i.e. 190 million people sleep without food daily. This article will tell all the bleak spot of the Indian economy related to hunger situation.

Benefits of filing regular income tax return on road accident

Oct 25, 2017
The Supreme Court had given the judgment that if a person dies in road accident (Section 166 of the Motor Vehicles Act, 1988) and if he has been paying income tax returns for 3 years continuously; then it has been the liability of the government to provide compensation (3 times of the average income) to the dead person.

How can you verify your fake GST bill

Oct 24, 2017
The Indian government has decided to implement the Goods and Services Tax (GST) in the entire country from July 1, 2017. So all the restaurants which have registered themselves with the government of India and do not have air conditioner (AC) will have to pay GST at the rate of 12% and those restaurants which have air conditioner in their premises will have to pay GST at the rate of 18%.

World's only bank which gives loan without any document

Oct 16, 2017
Generally, citizens have to deposit many types of documents in order to take loans from banks and loans are given to the citizens only after scrutiny of those documents. But you will be surprised to know that there is only one bank in the world, which gives loans to customers without any documents. In this article, we are giving detailed explanation about that bank who gives loan to its clients without any documenting.

History of Taxation in India

Oct 11, 2017
Tax payment is mandatory 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.

Certification Marks issued for different products in India

Oct 10, 2017
Government of India has created some standards for almost every product to protect the economic interests of all citizens. These standards are like "AGMARK" for agricultural products, ISI mark for electric products, BIS mark for gold ornaments and “FPO mark" for all the "processed fruit products". This article will explain some of the most essential certification marks to protect the consumer rights.

List of Approved Stock Exchanges in India

Oct 9, 2017
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).

Rs of 500 and 1000 Note Ban: Benefits & Drawbacks

Sep 22, 2017
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.

List of Public sector banks in India and their headquarters

Sep 6, 2017
A bank is a financial institution that accepts deposits from the public and creates credit. Here, we are giving the ‘List of Public sector banks in India and their headquarters’ along with their taglines and year of establishment. In this article, we have also included the proposed merger of SBI’s associate banks and Bhartiy Mahila Bank with state bank of India and its impact on Indian Banking Industry which will be useful GK Study material for the aspirants who are preparing for competitive exams like IAS/PCS/SSC and Banking etc.

10 Poorest Countries of the World

Jul 26, 2017
This article tells about the 10 poorest economies of the world. In the list of ten countries no country individually has its total GDP greater than the total assets of the richest person of the world i.e. Bill Gates. Haiti, a country situated in Caribbean Sea has the most of its population (77%) Below Poverty Line.

Is India in the position to boycott Chinese products?

Jul 14, 2017
According to official figures, in the year 2015-16, India's export to China was $ 7.56 billion and India's imports from China stood at $ 52.26 billion. These data shows that India's trade deficit with China was $ 44.7 billion. Indians need to keep in mind that India sends 8% of its total exports to China, while China sends only 2% of its total exports to India.

Which countries give highest salary in the world?

Jul 10, 2017
According to the OECD Global Report, the country which pays highest salary in the world is Luxembourg, here a workers gets average salary of Rs.40 lacs per year.After this country USA is on the second spot which pays Rs.37.85 lacs per year.On an average, highly skilled employees in India get an average of Rs.6 lakh per year.

List of all Five Year Plans of India

Jun 29, 2017
Economic planning is the process in which the limited natural resources are used skillfully so as to achieve the desired goals. The concept of economic planning in India is derived from the Russia (then USSR). India has launched 12 five year plans so far and now NITI Aayog decided not to launch any five year plan. First five year plan was launched in 1951.

Which countries in the world levy highest income tax?

Jun 23, 2017
Every country imposes taxes on the income of its citizens, production activities and services to run their economy. When the government collects tax, then it uses the same to provide basic facilities such as electricity, water, education, hospital and road etc. to its citizens so that the welfare of the people can be increased.

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

Jun 23, 2017
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%.

What is PAN Card, PAN Number, Uses and Benefits

Jun 21, 2017
PAN Card is a Permanent Account Number consisting of 10-digit alphanumeric number, which is used as an identity proof and issued under the Indian Income Tax Act, 1961. PAN Card is issued by the Indian Income Tax Department under the supervision of the Central Board for Direct Taxes (CBDT). The PAN number is important for major financial transactions like opening a bank account, receiving taxable salary, sale or purchase of assets etc.

UPA vs NDA Government: Comparison Since 2014 to2017

Jun 12, 2017
Today, India tagged as the fastest growing economy in the whole world. The size of economy has grown to 2.54 lakh crores which made it the 7th largest economy in the world. In this article, we have compared the changes in the different sectors of economy of India between 2014 to 2017.In this article basically we have compared 3 years of the current NDA government which resumed office in 2014 and performance of previous UPA government.

India vs. Pakistan: Economic Comparision 2017

Jun 12, 2017
As of now the size of India Economy has become $2088 billion which tagged it as the 7th largest economy in the whole world. On the other hand, the size of Pakistan's economy is about $273 billion. So, India's GDP is almost 7 times larger than Pakistan's economy.

List of Most Productive Countries in the World

Jun 2, 2017
The productivity, according to the economics is defined as the ratio of the quantity and quality of units produced to the labour per unit of time. When it comes to Country’s economic health then GDP is the only prime indicator. Here, we are giving the list of Most Productive Countries in the World by comparing GDP per hour worked, Average work week (hrs) and Employed Population.

What is Benami Property and what does the law say about it?

May 15, 2017
The property which is held by a person in the name of other person but the price has been paid by someone else or somebody uses his/her name to allow someone to buy any house, land or any other property. Moreover, making fixed deposits in bank accounts by other names is also considered a Benami property.

How to withdraw money from provident fund without consent of employer?

May 10, 2017
Usually 12% of Basic Salary is being deducted from employee’s monthly salary and the same amount is being paid by the company. The main objective of EPF deduction from employee’s salary is to provide financial security to employees at the time of retirement. Ministry of Labour renders the interest at the rate 7% to 9% annual on the EPF amount.

Which benefits and rights you are entitled to at Petrol Pumps in India?

Apr 27, 2017
There are more than 58000 petrol pumps in India out of which 95% belong to Government oil company viz. India Oil Corporation, Bharat Petroleum, Hindustan Petroleum. There would be very few people among us who have never been deceived at petrol pumps. In this article we are explaining some rights i.e. free air pressure, free Drinking water, First aid box, Toilets etc. entitled to common men at the Petrol pumps.

What are the Benefits of Plastic Notes in the Indian Economy

Apr 14, 2017
In the presence of parallel economy and lesser life of the paper currency notes, the Reserve Bank of India has decided to circulate plastic notes of Rs. 10 denomination in the five cities i.e. Mysore, Kochi, Jaipur, Shimla and Bhubneshwar on trial basis.

12 Next   

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • By clicking on Submit button, you agree to our terms of use
    ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

Newsletter Signup
Follow us on