Director Director is a person who stands in a fiduciary relationship with a company who suppose to act bonafide, and should not misuse his vast powers under the Companies Act 2013. Interested Director A Director can be considered as interested when, his personal interest conflict with the interest of the company either through himself or…
1) GDP stands for Gross Domestic Product. What does it show? Pick up the correct statement given below: (a) It shows how big is the economy of a country in a given year in terms of its total output. (b) It shows what the total product of a country in a given year without counting…
1. Who regulates finance market in India? (a) Ministry of finance (b) Reserve bank of India (c) Ministry of trade and commerce (d) SEBI Ans. d 2. Which of the following is a credit rating agency? (a) CRY (b) IBRD (c) ICRA (d) IRDA Ans. c 3. The rate at which the RBI gives short…
1. Which of the following institutions releases the “World Economic Outlook Report”? (a) World Bank (b) Federal Reserve Bank (c) International Monetary Fund (d) International Finance Corporation Ans. c Explanation: The International Monetary Fund releases the World Economic Outlook Report. 2. Name of the committee recommended the merger of Regional Rural Banks with their respective…
RBI announces its bi-monthly monetary policy The Reserve Bank of India (RBI) has announced its bi[1]monthly monetary policy. This is the seventh time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained the status quo. RBI had last revised its policy rate on May 22, 2020, in…
The oldest commercial bank in the country, State Bank of India, SBI, is celebrating its 66th year on 1st July. SBI descends from the Bank of Calcutta founded in 1806 through the Imperial Bank of India Indian Overseas Bank (IOB) has become the second most-valued listed public sector bank (PSB) with a market capitalisation of…
RBI: ATM cash withdrawal rule changed Reserve Bank of India (RBI) has changed some rules regarding cash withdrawal from automated teller machine (ATM). These ATM cash withdrawal rule changes include higher charges on transactions beyond the free permissible limit, a new free ATM transaction limit and a rise in interchange fee. The new ATM charges…
As you aware the Constitution of India, is a federal constitution with some unitary feature. Our constitution is one of the largest written constitution in the world. Most of the features of the constitution is adapted or adopted from other constitutions. Here we are trying to understand, from where various provisions of the constitutions are…
National Organ Transplant Programme (NOTP) The Government of India is implementing the National Organ Transplant Programme (NOTP) to promote organ donation and transplantation across all States/Union Territories. The provisions under the programme include: Setting up of State Organ and Tissue Transplant Organisations (SOTTOs) in each State/UT. Setting up of National/Regional/State Bio-material centres. Financial support for…
Measures to control inflation ➨ Monetary Policy: Monetary policy can control the growth of demand through an increase in interest rates and a contraction in the real money supply. For example, in the late 1980s, interest rates went up to 15% because of the excessive growth in the economy and contributed to the recession of…
