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List of Managing Directors of International Monetary Fund

16 hrs ago
The International Monetary Fund (IMF) is led by a Managing Director, who is head of the staff and serves as Chairman of the Executive Board. Since its inception the Managing Director of IMF has been European and the president of the World Bank has been from the United States. Managing Director of the IMF is selected by the Executive Board consists of 24 member. Till date the IMF has had 11 Managing Directors since it began operations.

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%.

List of all the Sustainable Development Goals (SDGs)

Apr 16, 2018
The Sustainable Development Goals (SDGs), also known as the Global Goals, are a universal call to action to end poverty, protect the environment, reduce economic inequality and ensure peace and justice for all. On 25 September 2015, the 193 countries of the UN General Assembly adopted the 2030 Development Agenda titled "Transforming our world: the 2030 Agenda for Sustainable Development.

What are the guidelines of RBI for ‘on tap’ licensing of Private banks?

Apr 12, 2018
The Reserve Bank of India (RBI) had issued guidelines for licensing of new banks in the private sector on February 22, 2013. Two main guidelines to open the bank are; the aspirant entity / group should have total assets of Rs.50 billion or more and the initial minimum paid-up voting equity capital for a bank shall be Rs.5 billion. In the other words; the bank shall have a minimum net worth of Rs.5 billion at all times.

What is Poverty and its types?

Apr 11, 2018
Poverty is an economic state where people are experiencing scarcity or the lack of certain commodities that are required for the lives of human beings like money and material things. Therefore, poverty is a multifaceted concept inclusive of social, economic and political elements.

What is the Child Sex Ratio in Indian states as per Census-2011?

Apr 2, 2018
The Child Sex Ratio is defined as the number of females per 1000 males in the age group 0–6 years. In the census 2001 the child sex ratio of India was 927 which declined to 919 in the census 2011. As per the census 2011, Arunachal Pradesh has the highest child sex ratio among the Indian states i.e. 972 while Haryana has the lowest child sex ratio i.e.834 per thousand males.

500+ GK Questions & Answers on Indian Economy

Mar 26, 2018
“Indian Economy” is one of the important parts of Exams like IAS, State PSC, SSC and other similar competitive exams. Here, we are giving a complete set of Indian Economy Questions & Answers in the form of Practice Sets that consists of 500+MCQs.

What are the Key Features of Companies Act, 2013?

Mar 26, 2018
The Companies Act, 2013 seeks to bring corporate governance and regulation practices in India at par with the global best practices. The Companies Act, 2013 was enacted on August 30. The Ministry of Corporate affairs has notified 326 sections out of 470 sections of the Companies Act, 2013 which was enacted in August, 2013 while remaining 144 sections needs to be notified yet.

Which countries of the world do not impose income tax?

Mar 23, 2018
Governments impose income tax on people in almost every country of the world. Corpus of the income tax is use to provide basic facilities like road, water, electricity, schools and many more to the residents of the country. But you would be surprised to know that there are some courtiers like Saudi Arab, Qatar and Bahamas which do not impose income tax on the citizens.

20 facts about Indian Economy-2018

Mar 20, 2018
A recent report released by the International Monetary Fund, said that Indian economy will be the fastest growing economy in the world in the year 2018. The Indian economy is composed of the three major sectors like i.e., Services sector: 53.7%, Industry sector: 31.2% and Agriculture sector: 15.2%.

List of Indian states on the basis of sex ratio

Mar 19, 2018
Sex ratio is defined as the number of females per thousand males. Sex ratio in an important social indicator to measure the extent of prevailing equality between the males and females in a society at a given point of time. As per the census 2011 the sex ratio in India is 943 per 1000 males which was 933 in the previous census 2001.

What are the names of Indian Credit Rating Agencies and their grades?

Mar 15, 2018
Credit rating agencies evaluate debentures, fixed deposits and other short term credit documents of various companies after studying their financial status, industrial risks and market conditions. There are 4 credit rating agencies working in India namely, CRISIL, ICRA, CARE and DCR India.

What is the difference between payments banks and commercial banks?

Mar 14, 2018
In India the Payments Banks and the Commercial Banks both work as per the Banking Regulation Act, 1949, but still the work of commercial banks is much larger than the payments banks. The biggest difference between the payments banks and the commercial banks is that the commercial banks can accept any sum of amount as a deposit/customer, but payments banks can accept deposits upto maximum Rs. 1 lakh/customer.

What is the State wise Renewable Energy Potential in India?

Mar 13, 2018
As per the data released by the Ministry of New and Renewable Energy, the total renewable potential of India is 896602 MW.Rajasthan is the leader of solar power production and overall renewable energy production in the country followed by the Jammu & Kashmir and Maharashtra with total renewable energy of 118208 MW and 74500 MW respectively.

What are the key features of Payments Banks in India?

Mar 12, 2018
A Payments Bank is a “differentiated bank” set-up under the guidelines issued on Nov 27, 2014 by the Reserve Bank of India (RBI).The main objective of setting up of payments banks is to ensure the financial inclusion by providing payments/remittance services to migrant labour workforce, opening up small savings accounts of; small business holders, low income households and workers of the un-organised sector.

What is FRDI Bill and how will it affect your bank deposits?

Mar 9, 2018
The Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 introduced in the Lok Sabha on August 10, 2017, is presently under the consideration of the Joint Committee of the Parliament. The FRDI will provide a comprehensive resolution framework to deal with bankruptcy situations in financial sector entities such as banks and insurance companies.

How Maharatna,Navaratna and Miniratna status granted to CPSEs?

Mar 7, 2018
The central Government has laid down eligibility criteria to grant Maharatna, Navratna and Miniratna status to Central Public Sector Enterprises (CPSEs).This article is explaining the criteria for granting the Maharatna, Navaratna and Miniratna status granted to PSUs/ CPSEs. Currently there are 8 Maharatna, 16 Navratna and 74 Miniratna companies in India.

Rs of 500 and 1000 Note Ban: Benefits & Drawbacks

Mar 5, 2018
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.

Index of Industrial Production (IIP): Detailed information

Feb 28, 2018
The Central Statistical Organisation (CSO) under the “Ministry of Statistics and Programme Implementation” is responsible for the compilation and publication of the Index of Industrial Production (IIP) since 1950. It calculates the data of eight core sectors. IIP’s current base year is 2011-12 since May 2017.

What is the Sector-wise contribution of GDP in India?

Feb 28, 2018
Services sector is the largest sector of India. Services sector accounts for 53.66% of total India's GVA of Rs. 137.51 lakh crore. Industrial sector is at the second spot and contributing around 31% of the Indian GDP. Agriculture sector is at the third spot and contributing around 16% of the Indian GDP.

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