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General Knowledge for Competitive Exams

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What is the Sensex and how is it calculated?

Sep 23, 2019
The term 'Sensex' was given by stock market analyst Deepak Mohoni and it is made from combination of two words Sensitive and Index. The Sensex measures the stock prices of 30 listed companies of the Bombay Stock Exchange. The main reason behind fluctuation in the Sensex is the up and down in the share price  of top 30 companies.

What is Money Laundering and how is it done?

Aug 22, 2019
Money Laundering refers to converting illegal earned money into legitimate money. The government does not get any tax on the money because there is no accounting of the black money.So Money Laundering is a way to hide the illegally acquired money.

What is 7th Pay Commission of India?

Aug 1, 2019
The 7th Pay Commission was constituted by the Manmohan Singh government under the chairmanship of Justice A.K. Singh Mathur on 25 September 2013.The recommendations of the 7th Pay Commission were implemented since January 1, 2016. these recommendations will cost around Rs 1 lac cr to the exchequer.

LIC Policy Holders: How to avoid frauds and save your money?

Jul 22, 2019
It is being observed that some LIC policy holders are getting calls from the fraudster. These fraudsters are calling LIC policy holders to link their Aadhaar number with the policies by sending SMS on a particular number. LIC has clarified that LIC officials never call policyholders or never encourage its policy holders to discontinue their existing policy/policies to get extra benefits.

Economic Survey 2019: All you need to know!

Jul 5, 2019
In Economic Survey 2019 some key themes are seen shifting like Change from ‘Beti Bachao Beti Padhao’ to ‘BADLAV’, ‘Swachh Bharat’ to ‘Sundar Bharat’. A day before the Union Budget, an economic survey is presented. Basically it is an outlook of developments in the economy. It consists of the most authoritative and updated source of data on India's economy. A lot more to read about Economic Survey, its importance and what is expected this year from economic survey?

How to apply for Ayushman Bharat Yojana?

Jun 20, 2019
Ayushman Bharat Yojana become world's largest free healthcare shceme.  Ayushman Bharat Yojana provides free treatment upto Rs 5 lacs per year to approx.50 cr poor people of the country. Ayushman Bharat Yojana was launched in Ranchi district of the Jharkhand on 23 September, 2018. This article explains the step by step process of registration under the Ayushman Bharat Yojana.

Paytm Credit Card: Key Features and Benefits

May 16, 2019
Paytm offers facility of online shopping, paying bills, money transfer etc. Recently Paytm launched its much expected Paytm credit card which is also called Paytm First Card. So get to know key features and benefits of the Paytm credit card read this article.

What is PAN Card, PAN Number, Uses and Benefits

May 10, 2019
What is PAN card? What is the use of a PAN card? Who is eligible for PAN card? What are the benefits of having PAN card? Why having a PAN card is so important? Such type of questions are frequently searched. Let us see about them.  

What is depicted by 16 digits printed on Debit Card?

May 10, 2019
What do the numbers on my debit card mean? How to identify numbers on a debit card? What is card number and what do 16 digits on debit card mean? These are some basic questions that frequently asked. For complete details let us see below.      

13 Interesting facts about new Rs 50 Note

Apr 18, 2019
As we know that RBI Governor on 16 April, 2019 issued new Rs 50 note bearing the signature of the Governor Shaktikanta Das. Let us study through this article about new denomination banknote Rs 50, also what is the difference between new and old Rs 50 note.

What is the Meaning and Purposes of Deficit Financing?

Apr 9, 2019
When the revenue of the government is shorter than its expenditure then this situation is dealt by printing more currency, buying from public and foreign institution. This temporary arrangement of the money is known as the deficit financing.

What is FAME II Scheme of India?

Apr 8, 2019
FAME (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles) India was a scheme launched in April, 2015 under National Electric Mobility Mission (NEMM). FAME Scheme India phase II is expanded scheme of FAME phase I and also aims to encourage faster adoption of Electric and hybrid vehicle. Also, to establish a necessary charging infrastructure for electric vehicles. Let us study about FAME and FAME phase II scheme of India, its significance, features, etc

Why Rupee is falling against Dollar currently?

Apr 2, 2019
At the time of India's independence, the value of one dollar was equal to one rupee but in the June 2018, the value of Indian rupee against the US dollar has reached its lowest level at Rs.72.51 per dollar. In this article, we explained the reasons behind the depreciation of Indian Rupee in the current months.

How Poverty Line is Determined in the Indian States?

Apr 1, 2019
Suresh Tendulkar panel (in 2011-12) said that those who spend Rs. 27 in rural areas and Rs. 33 in urban areas are not poor. While an expert panel headed by former RBI governor C. Rangarajan said in a report submitted to the BJP government in July, 2014 that those spending over Rs 32 a day in rural areas and Rs 47 in towns and cities should not be considered poor.

TRIFED: Meaning and Objectives

Mar 29, 2019
The full form of TRIFED is ‘The Tribal Cooperative Marketing Development Federation of India’. It was established in 1987. It became operational from April 1988. The basic objective of the TRIFED is to provide good price to the products made or collected from the forest by the tribal peoples.

Difference between Minimum Guarantee Scheme (MIG) and Universal Basic Income (UBI)

Mar 26, 2019
In the Economic Survey 2016-17 Finance Minister Shri Arun Jaitley has advocated the concept of Universal Basic Income (UBI) to replace the various social welfare schemes in an effort to reduce poverty. On the other hand Rahul Gandhi has promised to give Minimum Income Guarantee (MIG) to the poor citizens of the country. MIG is a targeted scheme while UBI is a universal scheme.

Can Indian Government repay the External Debt by Printing New Currency?

Mar 14, 2019
Indian government had debt of 529 billion dollar by March 2018 which further reduced to 510.4 billion dollar in December 2018. Now the question arises whether the government of India can print more money to repay this debt or not? Let’s read this article and know the all consequences of printing more money. 

How will expulsion from Generalised System of Preferences (GSP) hurt India?

Mar 8, 2019
Generalised System of Preferences (GSP) is an American business program that offers Duty Free Entry to goods of designated beneficiary countries especially developing countries. The Generalised System of Preferences was established on January 1, 1976 by the Trade Act of 1974.  Recently USA excluded India from the list of beneficiaries of this program.

Cess: Meaning and Types in India

Feb 20, 2019
CESS is tax on tax and usually levied for the specific purposes. Once its purpose is solved they are stopped. Unlike the other taxes that have to be shared with other Indian states, the centre keeps the entire amount raised from the Cess. The collection through the CESS is kept in the Consolidated Fund of India. As of now there are 6 types of Cess imposed in India.

India vs. Pakistan: Economic Comparision 2018

Feb 19, 2019
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.
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