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An Unemployment or Joblessness

Unemployment or joblessness occurs when people are without work and actively seeking work. The unemployment rate is a measure of the prevalence of unemployment...
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Disinvestment

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14th Finance Commission

The Finance Commission of India came into existence in 1951. It was established under Article 280 of the Indian Constitution by the President of India. It was formed to define the...
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Elements of Economics

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The Goods and Services Tax (GST)

Goods and Services Tax (GST), a value added tax, is collected at all points in the supply chain. In this particular tax, credit is...

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RuPay

RuPay is an Indian domestic card scheme conceived and launched by the National Payments Corporation of India (NPCI). It was created to fulfill the Reserve Bank of India’s desire to have...

Privatization

Privatization is the process of transferring ownership of a business, enterprise, agency, public service, or public property from the public sector (a government) to...

Bullet trains: Yay or Nay?

What are bullet trains? Bullet trains are basically high speed rail trains that go over speeds of about 250-300 kilometres per hour. It is named...

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Difference Between Sensex and Nifty

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The First difference between Sensex and Nifty is that the Sensex is an "index". An index is basically an indicator. It gives you...

Glossary of Economic Terms

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Here is the list of Glossary of Economic Terms: Absolute advantage - The ability to produce something with fewer resources than other producers would use to...

Banking Facts

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The first bank in India to be given an ISO Certification - Canara Bank The first bank in Northern India to get ISO 9002 certification...

13 Interesting facts related to Indian Banking

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  Allahabad Bank is the oldest Joint Stock Bank of India. Andhra Bank was founded by Freedom Fighter Dr. Bhogaraju Pattabhi Sitaramayya Bank of...

METHODS USED BY RBI TO CONTROL SUPPLY OF MONEY

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METHODS USED BY RBI TO CONTROL SUPPLY OF MONEY 1. Repo Rate :- Repo rate is the rate at which RBI lends to commercial banks generally...

Facts About Indian Currency

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Facts About Indian Currency * The first coins were minted (made) around 2500 years ago. * Paper money was first used in China over 1000 years...

National Bank for Agriculture and Rural Development (NABARD)

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National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India having headquarters based in Mumbai (Maharashtra) and other branches...

What are Funcations of RBI, IRDA and SEBI

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What are Functions of RBI, IRDA and SEBI ------------------------------------------------------------------------------------------------------ RBI, SEBI and IRDA ------------------------- Functions of RBI:- A. The Reserve Bank of India is the central bank of India, was...

Real story of American Dollar v/s Indian Rupee

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Throughout the country please stop using cars except for emergency for only seven days (Just 7 days) Definitely Dollar rate will come down. This is...

IMPORTANT ACTS RELATED TO BANKING

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IMPORTANT ACTS RELATED TO BANKING : 1. Banking Regulation Act,19492. RBI Act,1934 & RBI Act, 19483. SBI Act,1955, General Regulations SBI Act,19564. Banker‘s Book Evidence...

Banking Information

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First India bank Got ISO : Canara BankFirst Governor of RBI : Mr. Osborne SmithFirst Indian governor of RBI : Mr. C D DeshmukhFirst...

Reserve Bank of India

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Important information on RBI 1. Reserve Bank of India started its operations on-01 Apr 1935 2. Reserve was nationalised in ---1949 3. The maximum number of Deputy...
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