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General Knowledge for Competitive Exams

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Why Rupee is falling against Dollar currently?

Sep 10, 2018
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.

What is the significance of the images on the reverse side of Indian Currencies?

Sep 3, 2018
There will hardly be a country in the world that does not have its own currency. Almost every country puts image of important person/monuments on its currency notes. India is also not behind in this practice. Indian currency note have images of Mahatma Gandhi, the Red Fort, the Sanchi Stupa, farmers, tiger and elephants etc.

What are the main Security Features of the Currency Notes of India?

Jul 16, 2018
An estimation done by the RBI says that the number of the counterfeit notes in the FY 2017 has increased by 20% and the number reached up to 7.62 lac. The maximum numbers of fake notes were in the denomination of 500 and 2000 rupees. To aware the general public we are publishing some security features of the currency notes so that, fake notes can be detected by the general public.

Coinage Act 2011: What you can’t do with Coins in India

Jul 11, 2018
RBI prints the currency notes as per the provisions of the Reserve Bank of India Act, 1934 while the coins in India are minted as per The Coinage Act, 2011. In this article the reader will understand that which rules exist in India regarding the tendering of coins in the country. Interesting to know that the Coinage Act, 2011 is applicable in the whole India including the J & K.

Which are the biggest Banking Scams of India?

Jul 10, 2018
The banking system of any country comprises of the small savings of the people. When a large number of people deposit the money it becomes the huge amount in the hands of the banks. Commercial Banks lends this money to individuals, traders and institutions and earns profits in the form of interest. But when the lenders do not returns this amount to the banks it becomes the threat to the banks.

Do You know Indians were richer than Americans during Akbar’s Regime

Jul 9, 2018
Around the year 1600 AD, India was ruled by the Akbar and in the same year the British had established East India Company in India. According to a report from the University of Groningen, Netherlands, when Indians was ruled by Akbar, India's Per Capita GDP was more than France, Germany, America and Japan.

What is the difference between RuPay Card, VISA Card and Master Card?

Jul 9, 2018
Have you ever noticed that on the credit or debit card, RuPay card or Visa or MasterCard is written, even if we have taken it from any bank. Why is it so, what is the difference between them, whether RuPay Card can be used internationally or not etc. Let us study through this article.

Which Countries are the largest borrowers from the World Bank in 2017?

Jun 28, 2018
As per the recent data of the World Bank, China is the largest recipient of the loan from the World Bank Group. China took loan of 2420 million dollar followed by the India with 1776 million dollar and Indonesia is on the third position by borrowing 1692 mn dollar in the FY 2017. As per the definition of the World Bank, India is no longer eligible to receive the loan under the IDA arm because it is no more considered as the poor country.

Why “I Promise to pay the bearer sum of 100 Rupees” is written on the Indian Currency?

Jun 26, 2018
The Reserve Bank of India (RBI) has the responsibility of printing currency notes in India. RBI prints the notes of all denomination except 1 rupee note because it is printed by the Ministry of Finance. Except one rupee note every currency note of India has the declaration of the RBI governor; “I Promise to pay the bearer sum of 100 Rupees”. Its simple meaning is; if somebody held a note of 100 rupee then it is the liability of the RBI to pay the bearer goods/gold of 100 rupee at any cost.

What is the Eurozone and what are the conditions for joining it?

Jun 26, 2018
The union of 28 member countries located in Europe is called the European Union (EU). Out of the 28 members of the EU only 19 have accepted the euro (€) as their authorised currency. These countries are collectively known as the Euro zone. The Euro is used as a common currency for all the transactions in the Eurozone without any discrimination. These transactions are related to online/offline shopping, flight ticket booking, purchase of grocery etc.

How many Countries’s currency will change after the death of this person?

Jun 25, 2018
British Queen Elizabeth II has been holding the post since February 6, 1952. As of now the British currency pound has the picture of Queen Elizabeth. Apart from the Britain there are 10 other countries also use the British pound as their currency. As per the British rule, after the death of queen the picture of queen will be removed from the currency. This article is publishing the name of those countries whose currency will change after the death of the queen.

Name of World Bank funded Projects in India

Jun 22, 2018
The World Bank provides loans to its member countries at cheapest rates through International Development Association (IDA). In 2017, India took loan of 1776 million dollars from the World Bank. At present, the World Bank is giving financial assistance to more than 783 projects in India. In this article you will read the name of the World Bank funded projects of India.

List of all Five Year Plans of India

Jun 20, 2018
The concept of economic planning in India is derived from the Russia (then USSR). India has launched 12 five year plans so far. First five year plan was launched in 1951. Now the present NDA government has stopped the formation of five year plan. So 12th five year plan would be called the last five year plan of India.

Know complete procedure to get loan under the Mudra Yojana

Jun 20, 2018
Narendra Modi ji started the Prime Minister Mudra Yojna (PMMY) on April 8, 2015. The prime motive of this scheme is to promote self-employment opportunities and manufacturing activities in the country. Under the Mudra Yojna a huge loan of Rs.2.46 lakh crore disbursed to 480 million people in the financial year 2017-18. In this article you will read how to get loan from the Mudra Yojna.

How much Tax you pay on Diesel & Petrol in India?

Jun 11, 2018
On the basis of current crude oil prices in the international market, crude oil costs around Rs. 31 per litre in India but due to the excise duty imposed by the Central Government and the VAT imposed by the state government; the final cost of the diesel and petrol becomes 67.54 and 76.24 per litre respectively. Currently, a consumer in Delhi is paying around Rs.35.69 per litre as tax on petrol and 25.24 rupees per litre on diesel.

“Act East Policy” of India: Meaning and Objectives

May 25, 2018
"Look East Policy" of India was launched by the former Prime Minister P.V. Narasimha Rao in 1991.The main focus of this policy was to shift the country's trading focus from the west and neighbours to the booming S.E. Asian countries. The new NDA government in the centre upgraded this policy as the “Act East Policy” at the East Asia Summit held in Myanmar in November 2014.

The National Health Policy, 2017: Key Targets at a Glance

May 24, 2018
The National Health Policy, 2017 was launched by the Ministry of Health and Family Welfare on 15th March, 2017.Through the help of this policy the government aims shifting focus from “sick-care” to “wellness”, by promoting prevention and well-being of the people.

List of Members of ASEAN Organisation

May 18, 2018
The Association of Southeast Asian Nations, or ASEAN, was established on 8 August 1967 in Bangkok, Thailand. Currently there are 10 permanent members of this association. Its headquarter is in Jakarta (Indonesia).

15 Most Important facts about IMF

May 15, 2018
International Monetary Fund (IMF) and IBRD are known as the Bretton Woods twins due to their similar date and place of establishment. In this article we have compiled the most important facts about IMF. These all facts are important for the competitive exams to be held in India.

14th Finance Commission: Share of States in the Union Tax Revenue

Apr 17, 2018
Article 280 of the Indian Constitution requires the composition of the Finance Commission in every five years. The 14th Finance Commission of India is constituted in the chairmanship of the former RBI governor Mr. Y.V. Reddy for the period of April 1, 2015 to March 31, 2020. The 14th Finance Commission has recommended a record 10% increase in the states' share in the Union taxes revenue to 42%.

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