1. Budget 2021-22 proposals rest on 6 pillars;fiscal deficit is set to jump to 9.5% of GDP in 2020-21 as per Revised Estimates. 6 pillars:health and well-being,physical,financial capital and infrastructure, inclusive development for aspirational India, re invigorating human capital, innovation and R&D & minimum government and maximum governance.Deficit is higher than 3.5% projected. Personal income…
Banking & Finance 1. RBI Enhances Rules for Banks’ Grievance Redress Mechanisms Framework effective from Jan 27,enhances disclosures on complaints,to provide insight on volume & nature,time taken,mechanism for ombudsman to recover cost of redressal from banks whose complaints exceed their peer group average,review by RBI etc. Banking Ombudsman Scheme was introduced in 1995. 2. Reserve…
Non-Banking Financial Company (NBFC) A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 2003 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal…
Nidhi company is a corporate entity of which the main aim is to increase the habit of savings and mutral help among members. This company can be created with comparitively less capital. There are several advantages that one can enjoy under this form of organisation. But when we compare with other form of business a…
Nidhi company is a corporate entity of which the main aim is to increase the habit of savings and mutral help among members. This company can be created with comparitively less capital. There are several advantages that one can enjoy under this form of organisation. But when we compare with other form of business a…
1. Driverless metropolitan cars are introduced in January 2021. It is manufactured by BEML In January 2021. Which metro will get the service first? 1) Mumbai 2) Bangalore 3) Kolkata 4) Chennai Answer- 1) Mumbai 2. Dr Harsh Vardhan, Union Home minister inaugurated the first Doppler Weather Radars. Which state is first to get? Which…
1. To boost rural lending and affordable housing what is the corpus offered by RBI to NABARD and NHB? [A] Rs 10000 crore [B] Rs 25000 crore [C] Rs 33000crore [D] Rs 40000 crore Answer : A 2. Which Indian organisation has entered the list of world’s top 100 companies on the Fortune Global 500…
1. The Bank to sign MoU with South-Central Railway zone of the Indian Railways, for doorstep collection of earnings from the railway stations? [A] Indian Bank [B] Bank of Baroda [C] State Bank of India [D] Bank of India Answer: C [State Bank of India] 2. Indian state has topped the production of vegetables in 2018-19,…
MULTIPLE CHOICE QUESTIONS ON CONTRACT ACT The Law of Contract is nothing but 1. a child of commercial dealing. 2. a child of religion. 3. a child of day-to-day politics. 4. a child of economics. The Contract Act came into force 1. from 1 September 1972. 2. before 1 September 1882. 3. from 1 September…
1. Payment of Wages Act, 1936 is essentially meant for the benefit and safeguard of interest of _________ employees not getting very high salaries. a. Industrial b. Service class c. Child Labour d. Elite class 2. The regulations of the Payment of wages Act, 1936 are related to a. the date of payment of wages i.e, wages…
