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General Knowledge for Competitive Exams

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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).

List of Public sector banks in India and their headquarters

Sep 6, 2017
This article is pointing the ‘List of Public sector banks' in India and their headquarters’ along with their taglines and year of establishment.This list will be very useful 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.

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.

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%.

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.

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.

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.

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: 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.

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.

List of Major Financial Institutions in India

Jul 14, 2016
There are so many financial companies established in India to absorb the saving of household sector. Government mobilizes this small saving in the economy through these financial institutions. These major and small institutions play the same role in the economy as the blood in the human body. Some examples of these financial institutions are RBI, SEBI, IDBI, EXIM Bank and Export Credit Guarantee Corporation of India (ECGC).

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