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General Knowledge for Competitive Exams

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13 Parameters to Compare India and China

Oct 11, 2019
India and China are the super powers of Asian Subcontinent and striving hard to capture the attention of the other economies of the world. As per the data of International Monetary Fund World Economic Outlook (October-2018) published on March 18, 2019 the size of Chinese economy is $ 13,457.267 billion which is around 16% of the world economy while on the other hand the size of Indian Economy is around $2,689.992 billion which is around 3.17% share of the the world economy.

What is the New definition of Micro, Small and Medium Enterprises?

Oct 9, 2019
The Micro Small and Medium Enterprises (MSMEs) are classified as per the MSME Act-2006. Micro, Small and Medium Enterprises (MSMEs) are classified in two categories: Manufacturing Enterprises and Service Enterprises. Now MSMEs are defined as per the “annual turnover" instead of investment in Plant & Machinery.

The Monetary Policy Committee (MPC): Composition and Objectives

Oct 4, 2019
Monetary Policy Committee (MPC) constituted by the Central Government as per the Section 45ZB of the amended RBI Act, 1934. The first meeting of the MPC was held on October 3 and 4, 2016. This committee decides various policy rates like Repo rate, Reverse repo rate, MSF and Liquidity Adjustment Facility etc. On 4th October, 2019 the RBI Monetary Policy committee has cut the repo rate by 25 bps to 5.15%. Now the repo rate stands at 5.15%, the lowest since March 2010.

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.

Financial Action Task Force (FATF): Meaning and Objectives

Aug 23, 2019
The Financial Action Task Force (FATF) sets standards and promote effective implementation of legal, regulatory and operational measures to combat money laundering,terror financing, human trafficking.

Functions of Enforcement Directorate

Aug 22, 2019
The Enforcement Directorate (ED) was established in 1956. ED is responsible for enforcement of the Foreign Exchange Management Act, 1999 (FEMA) and certain provisions under the Prevention of Money Laundering Act (PMLA), 2002. Its Headquarters is situated at New Delhi.

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?

Union Budget of India: Definition and Types

Jul 3, 2019
A Union budget is an estimation of revenue and expenditure of the Central government over a specified period of time and is usually compile present, past and future financial years.

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.

What is Ayushman Bharat Yojna?

Jun 20, 2019
Ayushman Bharat Yojana or PMJAY 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 (Jharkhand) on 23 September, 2018 by the Prime Minister Narendra Modi.

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.

How does IMF give loan to its Members?

May 13, 2019
The International Reconstruction and Development Bank (IBRD) and The International Monetary Fund (IMF) and were established in July 1944 in the Conference of 44 countries held in Bretton Woods, New Hampshire, USA. India is the founding member of the IMF.

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.

Why is India Constructing Strategic Petroleum Reserves?

Apr 25, 2019
To ensure energy security for the country, India is making strategic petroleum reserves to store crude oil under the ground. These rocky caves are man-made. India has already underground caves of 5.33 MMT storage in three places. These include Visakhapatnam (1.33 MMT), Mangalore (1.5 MMT) and Padur (2.5 MMT).

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.

Universal Basic Income (UBI): Definition, Features, Advantage and Disadvantages

Apr 15, 2019
Universal Basic Income (UBI) is a model for providing a sum of money to all citizens of a country or other geographic area with a given sum of money, regardless of their income, employment status. The purpose of the UBI is to prevent or reduce poverty and increase equality among citizens.

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