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General Knowledge for Competitive Exams

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List of Welfare Programmes by the Government of India

Apr 17, 2020
Pradhan Mantri Gram Sadak Yojana, Rashtriya Swasthya Bima Yojana, Antyodaya Anna Yojna, and  Bharat Nirman, are some important programmes of government of India to upgrade the welfare of the poor citizens of the country.

How does IMF give loan to its Members?

Apr 17, 2020
The International Monetary Fund (IMF) was 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. Recently, the IMF has granted US$ 1.4 billion aid to Pakistan to fight COVID-19.

List of Five Year Plans before the Liberalisation in India

Apr 14, 2020
The duration of the first five-year plan was 1951 to 1956. The main target of the first five-year plan was Agricultural development of the country. This plan was based on the Harrod-Domar model. Before the liberalisation, India had launched 7 five year plans.  

Per Capita Income of Indian States 2019-20

Apr 7, 2020
The per-capita net national income of India rised to Rs 1,35,050/annum in 2019-20. This was 1,26,406 during 2018-19. In terms of NSDP per capita (INR at Current prices), Goa has the highest per capita income Rs 467,998 in FY 2018-19. Delhi is on second place with Rs. 365,529.

What are the key features of Payments Banks in India?

Apr 1, 2020
Currently, there are 6 payment banks operating in India which were initially 11. The guidelines for the establishment of payment banks were issued on 24 November 2014 by the Reserve Bank of India. Payment banks will be allowed to open a savings account and current account but they can't issue a credit card.

Provident Fund, National Savings Certificate, Kisan Vikas Patra: Meaning and current rate of interest

Apr 1, 2020
National Savings Certificate, Fixed deposits, Provident Fund, and Kisan Vikas Patra are some products launched to increase saving habit in the general public.These are some products to get stable return. Let us have a look on the rate of interest offered on these products.   

Reserve Bank of India: History, Establishment, Objectives and Functions

Mar 31, 2020
Reserve Bank of India (RBI) was established on 1 April 1935 by the RBI Act 1934. The key functions of RBI are to; print the currency notes, work as the custodian of foreign exchange reserve, controller of credit and banker’s bank.

What are the main functions of Reserve Bank of India?

Mar 31, 2020
Reserve Bank of India (RBI) is the Central Bank of India. RBI was established on 1 April 1935 by the RBI Act 1934. Key functions of RBI are, banker’s bank, the custodian of foreign reserve, controller of credit and to manage printing and supply of currency notes in the country.

Banking Merger in India: Meaning and Benefits

Mar 31, 2020
Banks Merger in India: The Finance Minister Sitharaman had announced the merger of 10 Public Sector Banks into four on August 30, 2019. This merger is approved by the union cabinet on 4 March 2020. The merger would be effective from April 1, 2020. Now the number of Public Sector Banks would be reduced to 12 from 27 of 2017.

Pradhan Mantri Ujjwala Yojana (PMUY): All you need to know

Mar 27, 2020
Pradhan Mantri Ujjwala Yojana (PMUY) is the Scheme for providing LPG connections to the women belonging to the Below Poverty Line (BPL) families. The scheme has been implemented by the Ministry of Petroleum and Natural Gas. Let us read in detail about Pradhan Mantri Ujjwala Yojana, its benefits, how to apply for it, etc.

Why is India Constructing Strategic Petroleum Reserves?

Mar 20, 2020
Strategic Petroleum Reserves: India is making strategic petroleum reserves to store crude oil under the ground. India has already underground caves of 5.33 MMT storage in three places. These include; Padur (2.5 MMT), Visakhapatnam (1.33 MMT), and Mangalore (1.5 MMT).

List of Top 10 Products Exported from India

Mar 14, 2020
As per the Economic Survey 2019-20; Petroleum products are the biggest exporting item from India. It accounts for a 14% share of total Indian export followed by precious stones with 7.87%. Read this article to know the list of all the exporting items from India in 2019-20.

Index of Industrial Production (IIP): A detailed information

Mar 13, 2020
The Index of Industrial Production (IIP) is an indicator that measures the changes in the volume of production of industrial products during a given period. It calculates the data of eight core sectors. IIP’s current base year is 2011-12 since May 2017.

What are the differences between Wholesale Price Index & Consumer Price Index?

Mar 12, 2020
The difference in CPI and WPI: Wholesale Price Index (WPI) and Consumer Price Index (CPI) are two widely used indexes to calculate the inflation in the country. India uses the WPI index to calculate inflation while most of the countries use CPI for the same.

What is the cost of printing 200, 500 and 2000 rupees notes in India?

Feb 12, 2020
The Reserve Bank of India (RBI) prints currency notes of all denominations except one rupee note. In its annual report, the Reserve Bank has stated that the cost of printing a note of 200 rupees is Rs.2.93, printing cost of 500 rupee note is Rs. 2.94 and printing of a 2000 rupee note cost Rs.3.54.

Important Glossary Related to Budget

Jan 31, 2020
Fiscal deficit, Revenue receipts, revised estimates in budget and revenue budget are some important terms used in the Union budget every year. But many people don't understand the meaning of these tough words. In this article we have explained these budget terminology.

6 Amazing Questions on Indian Budget You Never Knew

Jan 31, 2020
The term 'Budget' is not mentioned in the Indin Constitution. It is mentioned as ‘Annual financial statement’ in article 112. The Union budget is an estimate of income and expenditure of the central Government for a definite duration usually one year.  

Union Budget of India: Definition and Types

Jan 31, 2020
Union Budget: Meaning and Types: A Union budget is an estimation of revenue and expenditure of the Central government over a specified period of time and is usually one year.

Rising Sensex & Falling Economy: Know the Factors Responsible for Accelerating Stock Market Rates

Jan 9, 2020
With economy dipping to lowest numbers and the stocks reaching new heights, there is a dilemma about the actual state of the economy. Know why the Stock market is experiencing a sharp rise and what factors determine such changes. 

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

Jan 3, 2020
The services sector is the largest sector in India. The services sector accounts for 53.66% of total India's GVA of Rs. 137.51 lakh crore. The industrial sector is at the second spot and contributing around 31% of the Indian GDP. The agriculture sector is at the third spot and contributing around 16% of the Indian GDP.

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