1. Home
  2.  |  
  3. GENERAL KNOWLEDGE
  4.  |  
  5. Economy
  6.  |  
  7. Indian Economy
  8.  |  
  9. Money and Banking

General Knowledge for Competitive Exams

Read: General Knowledge | General Knowledge Lists | Overview of India | Countries of World

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 RBI's Monetary Policy: Objectives & Instruments

Oct 4, 2019
The monetary policy refers to a regulatory policy whereby the central bank maintains its control over the supply of money to achieve the general economic goals. Main instruments of the monetary policy are: Cash Reserve Ratio, Statutory Liquidity Ratio, Bank Rate, Repo Rate, Reverse Repo Rate, and Open Market Operations.

What are the main functions of Reserve Bank of India?

Oct 4, 2019
Reserve Bank of India (RBI) is the highest monetary authority of India. RBI was established in 1935 by the RBI Act 1934. RBI works as a custodian of foreign reserve, banker’s bank, banker to the government of India and controller of credit.

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.

SEBI: Powers and Functions to regulate Security Market in India

Aug 22, 2019
The Securities and Exchange Board of India is the regulatory body which deals in matters related to the development and regulation of securities market in India. It was established on 12th of April in 1988 but it got statutory status in 1992. Ajay Tyagi is the Chairperson of SEBI.

List of Finance Ministers of India

Jul 5, 2019
The first Finance Minister of independent India was R. K. Shanmukham Chetty, who also presented its first Budget. Indira Gandhi was the first female Finance Minister of India but she hold the post only for one from 1970 to 1971.

All about Goods and Services Tax (GST)

Jul 5, 2019
Goods and Services Tax (GST) is a federal tax. GST is an indirect tax, imposed on the sale of goods and services. It is implemented throughout the country since July 1, 2017. There will be no distinction between goods and services for the purpose of taxation. GST will be a destination-based tax. This implies that all State GST collected will ordinarily accrue to the State where the consumer of the goods or services sold resides.

6 Amazing Questions on Indian Budget You Never Knew

Jul 3, 2019
The Union budget is an estimate of income and expenditure for a definite duration. The Union Budget of India, which is known also as the ‘Annual financial statement’ in the Article 112 of the Indian Constitution.

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.

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

Jul 1, 2019
Provident Fund, National Savings Certificate and Kisan Vikas Patra are some products launched by the different offices of the government of India. These products are launched to increase the habit of saving in the general public. Recently central government has reduced the rate of interest on the Public Provident Fund, National Savings Certificate, Kisan Vikas Patra and other saving schemes by 10 percent. In this article we have mentioned the new rate of interest on these products.

List of Governors of Reserve Bank of India

Jun 24, 2019
The first Governor of the Reserve Bank of India was British banker Osborn Smith, while C.D. Deshmukh was the first Indian Governor of Reserve Bank of India. At present, the Governor of Reserve Bank of India is Shashikant Das, who took charge on 12 Dec. 2018.

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.

What is the Meaning and Purposes of Deficit Financing?

Apr 9, 2019
When the revenue of the government is shorter than its expenditure then this situation is dealt by printing more currency, buying from public and foreign institution. This temporary arrangement of the money is known as the deficit financing.

Why Rupee is falling against Dollar currently?

Apr 2, 2019
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.

Structure of Banking Sector in India

Apr 1, 2019
Reserve Bank of India is the Central Bank of our country. It was established on 1st April 1935 under the RBI Act of 1934. It holds the apex position in the banking structure. RBI performs various developmental and promotional functions. As of now 26 public sector banks in India out of which 21 are Nationalised banks and 5 are State Bank of India and its associate banks. There are total 92 commercial banks in India. Public sector banks hold near about 75% of the total bank deposits in India.

Microfinance Institutions in India:Salient Features

Mar 30, 2019
Reserve bank of India defines NBFC-MFI as a non-deposit taking NBFC (other than a company licensed under Section 25 of the Indian Companies Act, 1956) with Minimum Net Owned Funds of Rs.5 crore (for NBFC-MFIs registered in the North Eastern Region of the country, it will be Rs. 2 crore) and having not less than 85% of its net assets as “qualifying assets”. Ultimate goal of microfinance is to give low income people an opportunity to become self-sufficient by providing a means of saving money, borrowing money and insurance.

Classification and Operations of Commercial Banks in India

Mar 30, 2019
Government banks (at present 20) form a prominent part of the country’s Financial Institution System. Commercial Banks are those profit making institutions which accept deposits from general public and gives money (loan) to individuals like household, entrepreneurs, businessmen etc. The prime objective of these banks is to earn profit in the form of interest, commission etc. The operations of all these commercial banks are regulated by the Reserve Bank of India, which is the central bank and supreme financial authority in India.

Money Supply and Inflation

Mar 30, 2019
Supplying the money in the market is the sole responsibility of the central bank of the country (Reserve Bank of India in case of India). RBI prints the currency and supplies money in the economy. Coins are minted by the Ministry of Finance but circulated by the RBI in the whole country. Supply of money decides the rate of inflation in the economy. If supply of money increases in the economy then inflation starts rising and vice versa.

Public Debt and Deficit Financing

Mar 30, 2019
India's external debt stock stood at US$ 475.8 billion at end-March 2015 as against US$ 446.3 billion at end-March 2014. Notwithstanding the increasing external debt stock during 2014-15, crucial debt indicators such as external debt-GDP ratio and debt service ratio remained in the comfort zone. External debt of the country continues to be dominated by the long term borrowings. Government arranges money from deficit financing (borrowing from general public, printing new currency and borrowing from external sources) if its expenditure exceeds revenue.

Basel III Norms in India: Meaning, Requirement and Impacts on Indian Banking system

Mar 29, 2019
Basel III or Basel 3 released in December, 2010 is the third in the series of Basel Accords. These accords deal with risk management aspects for the banking sector. These Norms to be partially implemented from March 31, 2015 in phases and would be fully implemented as on March 31, 2018.

123 Next   

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

Loading...
Loading...