ULTIMATE BANKING AWARENESS BOOSTER CAPSULE JUNE 2018
ULTIMATE BANKING AWARENESS BOOSTER CAPSULE JUNE 2018
Table of Contents
1. List of Applications and Schemes launched by banks ...... 4 2. New Indian Currency Notes ...... 6 3. Types of Risks in Banks ...... 7 4. Commercial, Small and Payments Banks ...... 8 5. Abbreviations ...... 9 6. Types of Banking ...... 10 7. Securities ...... 12 8. List of Mergers in Indian Banking Industry ...... 13 9. Digital Banking ...... 14 10. Electoral Bonds ...... 18 11. Electronic Fund Transfer at Point of Sale ...... 18 14. KYC ...... 21 15. Important Financial Institutions ...... 22 16. Important Acts ...... 24 17. Monetary Policies ...... 24 19. Types of Loans ...... 26 20. Banking Ombudsman Scheme ...... 27 21. Money Market ...... 27 22. Negotiable Instruments Act 1881 ...... 28 23. Endorsements ...... 29 24. Financial Inclusion ...... 29 25. Capital Market ...... 31 26. Basel Norms ...... 33 27. List of International Airports in India ...... 34 28. List of Revolutions in India ...... 35 29. Indian & International Bank Taglines ...... 36 30. Union Cabinet Ministers & their Constituency ...... 37
ULTIMATE BANKING AWARENESS BOOSTER CAPSULE JUNE 2018
31. Census 2011 ...... 38 32. List of Important Rivers on Cities ...... 39 33. List of Major Ports in India ...... 40 34. Major Atomic/Thermal/Hydro Power Plants ...... 41 35. List of upcoming Sports Venues ...... 42 36. List of Newly Appointed National Officials ...... 44 37. National Parks & Wildlife Sanctuaries ...... 45 38. Important Days ...... 47 39. Joint Military Exercises ...... 48 40. Reports & Indices ...... 49 41. Classical Folk Dances ...... 50 42. Stock Exchanges Around the World ...... 50 43. Nick Names of Cities ...... 51 44. Currency Printing & Coin Minting in India ...... 51 45. Important Terms ...... 52 46. International Organisations & Headquarters ...... 54 47. Rivers, Dams & States ...... 55 48. Famous Temple ...... 56 49. Stadiums in India ...... 57 50. Boundary Lines ...... 58
ULTIMATE BANKING AWARENESS BOOSTER CAPSULE JUNE 2018
1. List of Applications and Schemes launched by banks
Bank Scheme and Apps 1980s.
AIRTEL + Airtel Money Bank of Millionaire, Maha Axis Bank Maharashtra : RD scheme as there Axis Bank Power Salute: Banking Offers is no TDS on interest earned exclusive to Defence by the depositor in Recurring Personnel Deposits. Canara Bank MWallet-enables you to view machine learning led chatbot wallet balances, ATM Locator, to carry out transactions based Branch Locator, transfer funds on conversations. between accounts to wallet and wallet to wallet within the Asha Home Loans: Tailor- bank made for people buying their 1st homes. Citi Bank Introduced voice biometrics LIME App authentication system for its which is a Digital Wallet with phone banking clients, payments, banking and replacing current practice of shopping facilities. interactive voice response.
Based on mobile banking Launched instant chat services transactions, Axis Bank for its customers named topped the chart by the Citibank Online. It is first such value of transaction customer support service in accounting 17.2% of the India by a Bank. total mobile banking transaction, according to SBI annual report. HDFC Chatbot service OnChat. It
allows users to make Axis bank launched Kisan payments through Facebook credit card through Messenger which farmers can avail credit upto 250 lakh for a maximum term of 5 IRA (Intelligent Robotic years. Card is also giving Assistant), benefit of insurance Mumbai branch coverage of upto Rs 50000/- Pragati for low income group Bank of Instant Money Transfer(IMT): families India Send payments /cash withdrawal approvals through Payzapp is an all-in-one banks/ATMs using mobile mobile payment and money number & secret code. transfer app. Receiver need not be BOI account holder. The Union Cabinet has Initiator of approved the proposal for farmers. Started in for grant of permission to
ULTIMATE BANKING AWARENESS BOOSTER CAPSULE JUNE 2018
the HDFC bank to raise Kotak KayPay: Facebook-based additional share capital Mahindra funds transfer platform of up to a maximum of Bank 24,000 crore rupees. Kotak Bharat - mobile banking ICICI EazyPay App for merchants. It app allows all in one acceptance payments platform Launched Airtel payment banks in association with Airtel. Scheme Punjab Contactless Credit Card National Wave N Pay (on Visa Platinum in association Bank platform), for transactions up with American Express to INR 2000
Student Travel Card RBL Bank exclusively for GOLF LOVERS
ICICI Bank has appointed Girish Chandra Payment Bridge Chaturvedi as an additional (independent) microfinance loan director effective for a disbursement period of 3 years. Sandeep Bakhshi has been appointed as the SBI MobiCash Mobile Wallet, in Chief Operating Officer association with Bharat (COO). Sanchar Nigam Limited (BSNL). ICICI + M-Pesa Vodafone Boutique Financing SCHEME Karnataka KBL Suraksha: Personal Bank accident insurance scheme for e-wallet-Buddy: First Indian savings bank account holders Mobile Wallet Application available in 13 Languages. Karnataka Bank has launched KBL- Deposit YONO (You Only Need One Only Card for their App)- One app for all the Current account or banking, shopping and overdraft customer which investment needs. will help them in hassle free cash deposit transaction at the bank. Sbi-intouch- igital branches D across the country with an aim Kerala FI@School Program: to offer advanced banking Gramin Bank Propagates financial literacy services like instant loan among school children approvals, assistance in choosing investment portfolios and access to latest mutual
ULTIMATE BANKING AWARENESS BOOSTER CAPSULE JUNE 2018
funds among others. Excellence (ITCoE) and Analytics Centre of Excellence (ACoE) as part Vijaya Bank 3 innovative apps VPAYQWIK, Vijaya *99# and VeConnect+ use technology to drive growth.
Yes Bank a new mobile banking app with multiple IDBI Bank Mr B Sriram has been appointed as the IDBI more features and support for Bank's CEO and banking transactions on Apple Managing Director (MD) and Android based Smart for three months. Watches The Insurance Regulatory service: It allows Development Authority any account holder to do of India (IRDAI) has allowed Life Insurance money transfers, pay utility Corporation of India bills and other mobile banking (LIC) to invest up to 51% services, without any smart in IDBI Bank. phones or internet, based on sim sleeve technology PayTM Paytm introduced automatic recurring Unique Customizable Savings payments, a new feature that lets users configure Account to enable customers the payments app to pay to design an account as per for periodic recurring their convenience expenses automatically
Corporation Corporation Bank. has Bank obtained the
under the category Best Expectation Management (Mid Cap) for the financial-year 2017-18.
Bank of Bank of Baroda has given Baroda the direction to IT majors IBM & Accenture to create an IT Centre of 2. New Indian Currency Notes
Currenc Dimen Motifs/ Colour mm. y Notes -sions Design (mm) 50 66x135 Hampi with Fluorescen Chariot t Blue 10 63mm Sun temple Chocolate brown x 123 100 66 Rani Ki Vav Lavender
ULTIMATE BANKING AWARENESS BOOSTER CAPSULE JUNE 2018
mm × 500 44x150 Red Fort Stone Grey 142 mm 2000 66x166 Mangalyaa Magenta n
200 66x146 Sanchi Bright Stupa Yellow
3. Types of Risks in Banks
Basel Committee on Banking Supervision defines Market Risk as the risk of losses in on or off-balance sheet positions that arise from movement in market prices. Market risk is the most prominent for banks present in investment banking.
Fig: Types of Risks Basel Committee on Banking Supervision defines Operational Risk Credit risk usually occurs when there is loss resulting from inadequate or failed not enough income, or failure in business. internal processes, people & systems or from external events. Operational risk, the values before default that arises from the risk in all banking transactions. deterioration in a portfolio or an Liquidity Risk is the risk of a bank not being able to have enough cash to carry • RBI has announced to set up a out its day-to-day operations. Public Credit Registry, will contain information on all Reputational Risk happens when banks borrowers to ensure financial stability. This will be headed by Yashwant M Deosthalee. To standing that occurs due to some dubious examine the setup of Asset actions taken by the bank. Reconstruction Company, A committee has been set up Business Risk is the risk arising from a chaired by Sunil Mehta for faster -term business strategy. It resolution of stressed assets of deals with a bank not being able to keep Public Sector Banks up with changing competition dynamics,
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losing market share over time, & being closed or acquired. 4. Commercial, Small and Payments Banks
Commercial Banks
marginal Rs.1 lakh No restrictions on providing products, farmers. services and functions to customers. Its scope includes Similarly, no limit on on deposits from For Initial 3 payment/remittance customers. years, 25% s only, Including Can provide personal loan, home loans, branches cross-border etc. and can issue credits and debit cards. must be in remittances. Can invest money they collect in form of rural areas to Indian Post, Business deposits in open markets. tap those areas and Correspondents, Can provide foreign exchange services at 50% of the Retail chains, charges decided by them. loans be Telecom given to Companies, etc are eligible to apply. Small Finance Banks & Payments MSME sector. Banks: They can issue debit Its scope credit cards. Small Finance Payments Banks includes Bank deposit and loans
Can accept Can take only Professional all types of savings and current s with 10 deposit deposit and not FD years in & RD financial They can services or provide promoter loans loans. They can group with through 5-year track money in record are money to Government eligible to their securities (G-sec) apply for customers. only. licence. Large Target Target customers companies customers are poor, migrants, are MSME unorganized workers businessmen wanting to send Can issue , remittances home. both debit unorganized and credit workers, Maximum balance cards. small and per customer can be List of Payment Banks along with its Aditya Birla Nuvo Limited- Gujarat headquarters: Veraval
Bank HQs Aditya Birla Idea Payments Bank Mumbai
ULTIMATE BANKING AWARENESS BOOSTER CAPSULE JUNE 2018
Jio Payment Bank Mumbai Disha Microfin Ahmedabad Private Ltd.,
Cholamandalam Distribution Chennai Janalakshmi Bengaluru Services Limited Financial Services Private Limited Fino PayTech Limited Navi Mumbai Equitas Holdings P Chennai Limited National Securities Depository Mumbai Limited ESAF Microfinance Registered Office- & Investments Chennai, Corporate Vodafone m-pesa Limited Mumbai Private Ltd Office- Thrissur (Kerala)
Paytm Payment Bank Noida RGVN (North East) Guwahati Microfinance Limited List of Small Finance Banks along with its Suryoday Micro Navi Mumbai headquarters: Finance Private Ltd.
Bank HQs Ujjivan Financial Bengaluru Services Private Ltd.
Au Financiers (India) Jaipur Utkarsh Micro Varanasi Ltd. Finance Private Ltd.
Capital Local Area Jalandhar Bank Ltd., Jalandhar 5. Abbreviations
• AAY: Antyodaya Anna Yojana • EFTA: European Free Trade • CAA&A: Controller of Aid Accounts & Association Audit • EIB: European Investment Bank • BBB: Banks Board Bureau • e-NAM: Electronic National • CFPI: Consumer Food Price Index Agriculture Market • CIRP: Corporate Insolvency • EPCG: Export Promotion on Capital Resolution Process Goods • CLSS: Credit Linked Subsidy Scheme • FSLRC: Financial Sector Legislative • DARE: Department of Agricultural Reforms Commission Research & Education • FSRASC: Financial Sector Regulatory • DDA: Doha Development Agenda Appointment Search Committee • DGCI&S: Directorate General of • GCC: Gulf Cooperation Council Commercial Intelligence & Statistics • ICRA: Indian Credit Rating Agency. • DGFT: Directorate General of Foreign • IBC: Insolvency & Bankruptcy Code Trade • IFSC: Indian Financial System Code • DIPAM: Department of Investment & • IMPS: Immediate Payment Service Public Asset Management • LFPR: Labour Force Participation Rate • DIPP: Department of Industrial Policy • M0: Reserve Money & Promotion • M3: Broad money • DISCOMS: Distribution Companies • MDGs: Millennium Development • EBRD: European Bank for Goals Reconstruction & Development • NAREDCO: National Real Estate
ULTIMATE BANKING AWARENESS BOOSTER CAPSULE JUNE 2018
Development Council • SSA: Sarva Shiksha Abhiyaan • NCDs: Non-Convertible Debentures • SUUTI: Specified Undertaking for Unit • NCLT: National Company Law Trust of India Tribunal • SWIFT: Society for Worldwide • NEFT: National Electronic Fund Interbank Financial Transfer Telecommunication. • NICRA: National Innovations on • SWP: Systematic Withdrawal Plan Climate Resilient Agriculture • UDAY: Ujwal Discom Assurance • NPCI: National Payments Corporation Yojana of India • UDISE: Unified District Information • MAY: Pradhan Mantri Awas Yojana System for Education • PMFBY: Pradhan Mantri Fasal Bima Yojana • PMKSY: Pradhan Mantri Krishi Sinchayee Yojana • POL: Petroleum Oil & Lubricants • RMSA: Rashtriya Madhyamik Shiksha Abhiyan • RTGS: Real Time Gross Settlement
6. Types of Banking
credit, counsel on mergers and acquisitions, insurance, etc.
Overseas Banking (1) The kind of banking in which bank operates its branches outside India. It Provides and ensures stateside like banking services and specialized services required to conduct financial transactions. (2) Offerings: Online loan application system that reduces the need for paperwork and provides customers with instant loan decision.
Offshore Banking (1) Bank accepts currencies of countries abroad. (2) Provides financial and legal benefits like privacy and minimal taxation.
Islamic Banking (1) Islamic banking is a kind of banking activity which strictly follows the principles of the Islamic law (Sharia). (2) A better and more apt term for Islamic banking is Sharia Compliant Finance. Merchant Banking In late 2008, a committee on Financial Sector (1) Deals in commercial loans and Reforms, headed by former RBI governor investments. Raghuram Rajan, had stressed on the need (2) Purpose: Facilitate and/or finance for a closer look at the issue of interest-free production and trade of commodities. banking in the country. However, the Reserve (3) Offerings: Issue management, portfolio Bank of India (RBI) has decided not to pursue management, credit syndication, acceptance a proposal for introduction of Islamic banking
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in the country. sustainable in economic, environment and social dimensions. Para banking (2) It aims to use IT and physical infrastructure (1) Activities which are excluded from routine in a efficient and effective way, with zero or bank-work (deposits, withdrawals, giving minimal impact on the environment. credit, etc.) are para banking activities. (3) IDRBT offers guidelines for greening (2) Banks can undertake certain eligible banking at 2 levels: financial services or activities. (i) Making day-to-day business (3) Para Banking activities which for banks are operations, banking products and limited to those permitted by RBI. services greener by following simple (4) Example: Insurance, portfolio management practices and making them services, to become pension fund managers, environmentally friendly. (ii) Making IT mutual funds business, money market mutual infrastructure (including data center) and funds, underwriting of bonds of PSUs, physical infrastructure (including investment in venture capital funds, etc. buildings) greener.
Narrow Banking (Safe Banks) Eg. taking initiatives so that a bank could (1) Narrow banks do not lend money and are itself generate electricity for its own consumption
(2) They use the deposits done by customers to buy government bonds only. (3) Advantages: (i) No danger of NPAs (ii) RBI c
(4) 11 banks that RBI, under PCA, is turning into Narrow Banks are: Allahabad Bank, United Bank of India, Corporation Bank, IDBI Bank, UCO Bank, Bank of India, Central Bank of India, Indian Overseas Bank, Oriental Bank Retail Banking of Commerce, Dena Bank, Bank of (1) Retail banking refers to consumer- Maharashtra. oriented services offered by commercial banks. Eg. savings accounts, mortgages What is Deposit Insurance? and various types of loans and Money of customers who deposit money in investment services relating to the banks is insured by DICGC. And the retirement and educational planning. customers who take loans from banks are (2) Retail assets of a bank: All borrower guaranteed of money by DICGC. relationships and relationships with small DICGC is a wholly owned subsidiary of RBI, businesses. Thus, including credit cards, established on 15 July 1978 under Deposit auto loans, mortgages, personal loans, Insurance and Credit Guarantee and small business loans. Corporation Act, 1961 for providing (3) How do retail banks earn money: By insurance of deposits and guaranteeing of lending money to customers at a higher credit facilities to the customers of banks. rate than they pay to depositors. The difference, known as the margin or turn, Green Banking is kept by the bank. For example, if a (1) Promoting environmental-friendly bank pays 1% interest on deposits, they Practices may charge 6% interest on loans. (2) Encourages reducing carbon footprint from banking activities. Wholesale Banking (1) Institute for Development and Research (1) Services provided to organisations defines Green Banking as an umbrella term such as mortgage Brokers, large that refers to corporate clients, mid-sized companies, (1) Practices & guidelines that make banks real estate developers & investors,
ULTIMATE BANKING AWARENESS BOOSTER CAPSULE JUNE 2018
international trade finance businesses, Financial Institutions & banks to carry etc. out all types of banking or development financing activity (as allowed and Universal Banking permitted by RBI, Govt. & related legal (1) Recommended by R H Khan Acts). committee. (2) It means allowing 7. Securities
When companies (businesses) or individuals debt owed by that person is discharged. It is a take credit from financial institutions to meet form of security interest granted over an item their needs, they keep some assets as of property to secure the payment of a debt or performance of some other obligation. So, lien is a legal claim on the securities. Points to Remember: (2) The owner of the property, who grants the (i) The borrowers return the credit or loan lien, is referred to as the lienee and the after a decided period, with interest as person who has the benefit of the lien is charged when taking credit or loan. referred to as the lienor or lien holder.
(2) Institutions give credit only if they are (3) Agreement implies that a lien is imposed satisfied that they will get their money by law, which is not in the case of contract. back. (4) Similarity between Lien & Pledge: Both (3) Assets kept as security should be of are used for the security purpose. And lender same or higher value than the credit has the rights to have the possession of the amount taken. securities against which the loan is given, but the lender cannot sell the securities to recover (4) Security is a tradable financial asset. his losses unless stated in the agreement. Issuer: The company or other entity issuing the security is called the issuer. (5) Difference between Lien & Pledge: Lien Representation: Securities may be is formed by agreement between the two represented by a certificate or, more parties unlike pledge. Unlike pledges, Lien typically, "non-certificated", that is in agreement can be on property too. electronic (dematerialized) or "book entry" only form. 3. Pledge
Types of Securities: (1) Actual possession of assets against which loan is taken remains with the lender until the 1. Mortgage-backed security (MBS) loan is paid back. (1) Loan against or for immovable objects - land, building, anything attached to earth. (2) Contract used when lender (pledgee) takes These remain with the borrower for the time actual possession of assets (i.e. certificates, goods). Examples: goods, certificates, gold, (2) Lender can take possession in case of etc. default and the lender can sell the immovable object to recover his amount. (3) Such securities or goods are movable securities.
(3) Example - Home loan (property remains (4) Pledgee retains possession of goods until with borrower.) the pledger (i.e. borrower) repays the entire debt amount. 2. Lien (1) Is defined as right to keep possession of (5) In case that the borrower is not able to property belonging to another person until a meet the obligation i.e. return the money
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borrowed with specified time, the lender has Upon taking possession, it can sell the asset full rights to sell the assets and recover his without asking. losses along with interest. Pledge: Possession stays with bank till (6) Indian Contract Act 1872, section 172. repayment of loan. It must return goods on (Memory tip: Act 1872 & Section 172) loan repayment.
4. Hypothecation Securi- Pledge Hypothe- Mort-
ties cation gage (1) Credit and the asset against which or for which loan is taken, both remain with the borrower. Type Movabl Movable Immovabl e e (2) In case of default, Fin. institution can take possession of asset and sell it to recover Posse- With With With credit/loan. Example: Movable assets like ssion Lender Borrower Borrower stocks, machinery, loan against or for a Exampl Goods Assets lik Housing vehicle. e like e Vehicle, Loan Gold Machines (3) SARFAESI ACT 2002 loan Stocks, advance etc. Major Difference between Pledge & against Hypothecation: NSC, etc.
Hypothecation: Bank cannot take
8. List of Mergers in Indian Banking Industry
SBI
Name of the Name of the State Bank of Year of Banks Banks that got SBI Bikaner and 2017 Merging Acquired Merged Jaipur (SBBJ)
SBI State Bank of Bharatiya Mahila 2017 SBI 2017 Hyderabad (SBH) Bank (BMB) SBI State Bank of State Bank of 2017 SBI 2017 Mysore (SBM) Travancore (SBT) State Bank of SBI 2017 Patiala (SBP) Other Banks
Name of the Name of the Year of Bank Banks Banks that got Mergin Acquired Merged g ICICI Bank Bank of Rajasthan 2010
State Bank of State Bank of 2009 Kotak India Indore ING Vysya Bank 2016 Mahindra
ULTIMATE BANKING AWARENESS BOOSTER CAPSULE JUNE 2018
State Bank of State Bank of National Bank India 2008 India Saurashtra State Bank of Bank of Cochin 1985 Centurion Bank of India HDFC Bank 2008 Punjab Lakshmi Canara Bank 1985 Centurion Commercial Bank Bank of Lord Krishna Bank 2007 Bank of South Gujarat Punjab 2004 Baroda Local Area Bank Indian Bharat Overseas 2007 Bareilly Overseas Bank Bank Bank of Corporation Bank 1998 Baroda United Western Ltd. IDBI Bank 2006 Bank Ltd. Oriental Bank Bari Doab Bank 1997 Ganesh Bank of of Commerce Ltd Federal Bank 2006 Kurundwad Oriental Bank Punjab Co- 1997 Centurion Bank of Punjab of Commerce operative Bank 2005 Bank (BoP) Allahabad United Industrial 1989 IDBI Bank Bank Bank Limited IDBI Limited 2005 Limited Central Bank Purvanchal Bank 1990 Oriental Bank Global Trust Bank of India Ltd. 2004 of Commerce (GTB) Parur Central Bank of India 1990 Punjab Bank Ltd. Nedungadi Bank 2003 National Bank State Bank of National Bank of 1970 Bank of Benares State India Lahore Ltd. 2002 Baroda Bank State Bank of Bank of Bihar Ltd 1969 ICICI Bank India ICICI Limited 2002 Limited Hindustan Punjab ICICI Bank Bank of Madura 2001 Commercial Bank 1986 National Bank Ltd. HDFC Bank Times Bank 2000 Bank of Thanjavur Union Bank of Indian Bank 1990 Sikkim Bank 1999 Ltd India Bank of State Bank of Kashinath State Traders Bank Ltd 1988 1995 Baroda India Bank Indian Bank of Tamil 1990 Bank of India Bank of Karad 1994 Overseas Bank Nadu
Punjab New Bank of 1993
9. Digital Banking
India is advancing at breath-taking speed Mode is growing faster with the growth in E- towards a cashless economy. Digital Payment Commerce. Digital Payment Systems for
ULTIMATE BANKING AWARENESS BOOSTER CAPSULE JUNE 2018
Banking are going to occupy the largest part interactive menu gets displayed on the mobile of transactions. With the growth in E- screen to facilitate transactions. Commerce in the world, knowledge of these Cashless Transaction modes has become very (4) One can check status of his/her Aadhaar necessary. number seeding/linking in the bank account.
National Payments Corporation of India (5) The service works across all GSM service (NPCI) providers & brings together diverse ecosystem partners such as Banks & TSPs (Telecom Service Providers). (1) National Payments Corporation of India
(NPCI) is an umbrella organization for all retail NUUP payments system in India.
(2) It aims to allow all Indian citizens to have (1) NUUP (National Unified USSD Platform) unrestricted access to e - payment services. service is based on the Unified Payment Interface (UPI) service over USSD, to facilitate (3) Headquarter: Mumbai easy access banking services from mobile Non-Executive Chairman: Biswamohan phones. Mahapatra and MD and CEO: Dilip Asbe (2) USSD number *99# is allotted for NUUP (4) RBI Nominee Director: Mr. Sudarshan Sen. services.
(5) It was incorporated in December 2008 & (3) TRAI has set a maximum ceiling of ₹1.5 per the Certificate of Commencement of Business transaction for accessing NUUP was issued in April 2009. The authorized capital was pegged at Rs 300 crore & paid up BHIM capital was Rs 100 crore. (1) Bharat Interface for Money is a mobile app The National Payments Corporation of developed by NPCI, based on the Unified India (NPCI) has allowed Facebook-owned Payment Interface (UPI) - with zero WhatsApp to beta test its BHIM UPI beta transaction charges. payments service with limited user base of 1 million and low transaction limit. Four (2) The aim is to make it easy for everyone to allow digital payments directly from the bank BHIM UPI model in phases and full feature account. BHIM allow users to send or receive product will be released after beta test is money to or from UPI payment addresses, or successful. to non-UPI based accounts. (using mobile number or Virtual Payment Address or VPA.) USSD (3) It was launched by PM Modi on 30th Dec
2016. It is dedicated to Dr. Bhimrao ((1) Unstructured Supplementary Service Data Ambedkar. (USSD) allows users to check their balance and get mini statements, along with making (4) Works on Android, iOS & Windows. payments, even if smartphone or have access to the internet - (5) It is available in 12 languages. just by dialling *99# (6) Famous Actor Shushant Singh Rajput (2) Was launched by NPCI in 2014 will also promote Bharat Interface for Money (BHIM) digital payments app for (3) On their mobile phones, banking cashless economy by appearing in various customers can avail the service by dialing video, print and social media cashless economy by appearing in various video, print and social media campaigns of NITI
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Aayog. whopping Rs 3.23 trillion in April-June quarter of 2018-19, which is almost double UPI the amount recorded in the year-ago period. (1) Unified Payments Interface (Regulated by RBI) is an instant real-time payment system RTGS & NEFT developed by National Payments Corporation of India facilitating inter-bank transactions. (1) Real-Time Gross Settlement systems (RTGS) are funds transfer systems where (2) UPI withdraws and deposits funds directly transfer of money or securities takes place from the bank account whenever a from one bank to another on a "real-time" and transaction is requested. on "gross" basis. National Electronic Funds Transfer (NEFT) is a nation-wide payment (3) It uses Virtual Payment Address, Account system facilitating one-to-one funds transfer. Number with IFSC Code, Mobile Number The main purpose of NEFT is to enable with MMID, Aadhaar Number. electronic cash transfer from one financial institution to another within India especially (4) Prime Minister Narendra Modi launched banks. three Indian mobile payment applications (2)There is no minimum and maximum limit BHIM, RuPay and UPI enabled remittance for cash remittance. However, the maximum app of SBI in Singapore aimed at amount per transaction is limited to ₹ 50,000. In contrast with NEFT system, there is a payment platforms. They were launched at minimum limit of Rs 2,00,000 to be transferred through RTGS. Though there is no maximum limit.
(5) MobiKwik one of the largest digital MMID service provider platform, announced the launch of Unified Payments Interface (UPI) (1) The Mobile Money Identifier (MMID) is the on its platform via its own Virtual payment key identifying detail of a user participating in address (VPA) handle @ikwik. a transaction.
IMPS (2) An MMID is a seven-digit number given to a customer upon registration with a bank for the service. (1) Launched in 2010, immediate payment service (IMPS) is an instant real-time inter- (3) The remitter and the beneficiary should bank electronic (mobile, online banking, have this MMID for doing this inter-bank ATM) funds transfer system in India. funds transfer through Mobile Number and
MMID.
QSAM (2) It uses mobile number or Aadhaar number to connect with a bank account, Mobile Money (1) *99*99# service, is alternatively known as Identifier (MMID) is a 7 digit number, issued by banks. It is clubbed with mobile number to QSAM (or Query Service on Aadhaar facilitate fund transfer. Mapper).
(3) As per NPCI data, the number of (2) Dialling this from mobile phone, helps user transactions through IMPS crossed 100 in knowing their Aadhaar Seeding status with million marks in March 2018 and touched a their bank account. high of 120.4 million in June. NACH (4) Transfer of funds through Immediate (1) National Payments Corporation of India Payment Service (IMPS) crossed a
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(MICR) data are captured at the collecting bank branch and transmitted electronically. Institutions, Corporates and Government. (4) Cheque Truncation System (CTS) is a cheque clearing system undertaken by the Reserve Bank of India (RBI) for faster clearing of cheques.
IFSC
(1) The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India.
(2) A code uniquely identifies each bank branch participating in the two main Payment and settlement systems in India: the Real Time Gross Settlement (RTGS) and the National Electronic Fund Transfer (NEFT) systems.
(3) The IFSC is an 11-character code with the first four alphabetic characters representing the bank name, and the last six characters (usually numeric, but can be alphabetic) representing the branch. The fifth character is
Code is used by the NEFT & RTGS systems to route the messages to the destination banks/branches. (2) It aims to consolidate multiple ECS systems running across the country MICR (3) Yearly volume of NACH has already reached about 95 million transactions by May (1) Magnetic Ink Character Recognition 2015 amounting to about Rs. 250 billion in (MICR) is the information that appears at the actual credit value. bottom of a check.
CTS (2) The magnetic ink allows the computer to read the characters even if they have been (1) Launched: 1 February 2008 covered with signatures, cancellation marks or other marks. (2) Truncation is the process of stopping the flow of the physical cheque in its way of (3) MICR, the 9-digit code, is a character- clearing. In its place an electronic image of recognition technology used mainly by the the cheque is transmitted with key important banking industry to ease the processing and data. clearance of cheques and other documents. Cheque truncation thus obviates the need to move physical instruments across branches (4) The first 3 digits represents the city code; the next 3 digits represents the bank code; (3) Cheque Truncation System (CTS) or the last 3 digits represents the bank branch Image-based Clearing System (ICS) is based code. on a cheque truncation or online image-based cheque clearing system where cheque images SWIFT and Magnetic Ink Character Recognition
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multiple payment modes, and providing (1) The Society for Worldwide Interbank instant confirmation of payment. Financial Telecommunication (SWIFT) provides a network that enables financial (2) National Payments Corporation of India institutions worldwide to send and receive (NPCI) will function as the authorised Bharat information about financial transactions in a Bill Payment Central Unit (BBPCU), which will secure, standardized and reliable be responsible for setting business standards, environment. rules and procedures for technical and business requirements for all the participants. (2) Headquarter: La Hulpe, Belgium; Chairman: Yawar Shah; CEO: Gottfried ACU Leibbrandt (1) Established: December 9, 1974 (3) SWIFT does not facilitate funds transfer: rather, it sends payment orders, which must (2) Headquarters: Tehran, Iran be settled by correspondent accounts that the The Asian Clearing Union (ACU) was institutions have with each other. established at the initiative of the United Nations Economic and Social Commission for BBPS Asia and the Pacific (ESCAP).
(1) Bharat Bill Payment System (BBPS) is an (3) The aim of ACU was to secure regional co- integrated bill payment system in India operation about the settlement of eligible offering practical and accessible bill payment monetary transactions to provide a system for service to customers through a network of clearing payments among the member agents of registered member, enabling countries on a multilateral basis.
10. Electoral Bonds
Announced: Scheme Union Budget 2017 Electoral bonds will be valid for only 15 days and will not carry the name of the payee. Aim: (1) Alternative to cash donations. So that transparency in political funding can increase. Bonds can be bought from SBI branches at (2) Elimination of unaccounted and Mumbai, Chennai, Kolkata and New Delhi. anonymous donations to political parties. Electoral bonds can be bought for any (3) In a way fights black money. amount in multiples of Rs. 1000, Rs.10,000, Points to Remember: Rs.1 Lakh, Rs.10 lakh and Rs. 1 crore.
Purchaser must pay from KYC - compliant India is the 1st country in the world to have a bank account. unique bond for electoral funding. Bonds can be donated to a registered political Electoral bonds are made available for 10 days party only. in January, April, July and October.
Any Indian citizen or a body incorporated in India can buy these bonds.
11. Electronic Fund Transfer at Point of Sale
Electronic Funds Transfer At Point Of Sale (EFTPOS) is a payment system that allows EFTPOS was first introduced in the US in faster and safer digital fund transfers at 1981 and rolled out in 1982, after that payment terminals using debit or credit cards. several other countries followed the suit.
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machines (ATMs), and electronic payment of Electronic Funds Transfer (EFT) - It is also bills. known as e-transfer and indicates the transfer of money between accounts by consumer Point of Sale (POS) - is the location where a electronic systems such as automated teller sales transaction occurs 12. Priority Sector Lending
Priority sector was first properly defined in Private sector lending is essentially meant for 1972 by Dr. K S Krishnaswamy committee. an all-round development of the economy and Priority Sector Lending is an important role not just focus on the financial sector. given by the Reserve Bank of India (RBI) to the banks for providing a specified portion of the Private sector lending is also linked to the bank lending to few specific sectors. Double Financial Repression. In India, private sector lending has been made a salient As per the RBI circular of July 7, 2016, there feature of banking mainly due to the social are 8 broad categories of the PSL viz. and economic objectives that underlie PSL. (1) Agriculture However, banks are also required to keep (2) Micro, Small and Medium Enterprises certain amount to maintain Statutory Liquidity (3) Export Credit Ratio (SLR) and from the remaining disposable (4) Education amount, 40 per cent is dedicated for the (5) Housing priority s (6) Social Infrastructure (7) Renewable Energy (8) weaker sections. economic survey has brought this issue to the forefront and has recommended the government to restructure SLR and Priority Sector Lending.
13. NPA and Recovery
What is an NPA? NPA for a period of Loss asset more than 36 Non-performing assets are bad loans. Once months a borrower fails in payment of interest or instalment of the principal or both for 90 Classification of NPAs for Agriculture days at least, the loan is considered an loans: NPA. A loan will be treated as an NPA if instalment of the principal or interest Rise in NPAs has taken a toll on stock prices remains unpaid beyond the due date for of most of these banks. So, RBI rules require (i) two crop seasons in case of short that banks should set aside certain amount of duration crops (maturing within one year); money (provisioning) for the NPAs. NPAs are (ii) one crop season for long duration crops classified as sub standard, doubtful and (maturing after one year). loss-making assets for provisioning requirements To recover the NPAs, many measures have been taken, like: Provisioning, CAR norms, NPA for a period Securitization law, Foreclosure, Norms, One- Substandard asset less than or equal to time settlement, Interest Waiver, Write-offs, 12 months. Debt recovery tribunals, Asset reconstruction NPA for a period of companies Doubtful asset more than 12 months. With a view to bringing convergence of the
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Priority Sector Lending guidelines for capital ratio, leverage and Equity to assets housing loans with the Affordable Housing ratio. Scheme, and to give a relaxation to low- cost housing for the Economically Weaker Reserve Bank of India (RBI) has put state- Sections the housing loan limits for run lender Dena Bank under prompt eligibility under priority sector lending will corrective action (PCA) framework. be revised to Rs 35 lakh in metropolitan centres from Rs 28 and to Rs 25 lakh from The Reserve Bank of India (RBI) has placed Rs 20 lakh earlier in other centres, provided 11 public sector banks (PSBs) out of 21 the dwelling cost does not exist Rs 45 lakh. State-owned banks under its Prompt Corrective Action (PCA) framework SARFAESI ACT 2002 because of deteriorating performance. Three-four more PSBs are expected to be (1) The Securitisation and Reconstruction of brought under PCA framework. Financial Assets and Enforcement of Securities Interest Act, 2002 (also known as Asset Reconstruction Company the SARFAESI Act) is an Indian law. It allows banks and other financial institution to (1) In order to recover the bad debts (sticky auction residential or commercial properties loans), the Asset Reconstruction Company, to recover loans. who have built in professional expertise,
handles recovery as their core business. (2) It is used to expedite recovery of loans and bring down the non performing asset level (2) ARCs buy bad loans from banks and try to of the Indian banking and financial sector. restructure them and collect them. ARC is
formed under SARFAESI Act, 2002. (3) It will thus become easier to recover bad loans from wilful defaulters. (3) Under this Bank / FIs have the power to sell their bad loans. The loans which are of 1 Prompt Corrective Action (PCA) lakh or more fall in this category
(1) To ensure that banks don't go bust, RBI has Debt Recovery Tribunal put in place some trigger points to assess, monitor, control and take corrective actions (1) The Government of India has constituted on banks which are weak and troubled. The 38 Credit Recovery Tribunals (DRT) and process or mechanism under which such constituted the 5 Debt Restore Appeal actions are taken is known as Prompt Tribunal (DRAT) across the country. Corrective Action, or PCA.
(2) The Debts Recovery Tribunal (DRT) (2) It maintains sound financial health of enforces provisions of the Recovery of Debts banks, which involves monitoring of certain Due to Banks and Financial Institutions performance indicators of the banks as an (RDDBFI) Act, 1993 and Securitization and early warning exercise. Reconstruction of Financial Assets and
Enforcement of Security Interests (SARFAESI) (3) Regulators use 4 different capital Act, 2002. measures i.e. a total risk and a Tier - 1 based
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(3) The Debt Recovery Tribunal is located (2) Under the SDR scheme, banks are exempted from making an open offer while Debts due to Banks and Financial Institutions acquiring majority stake in a stressed company.
(3) The Joint Lenders Forum/Corporate Restructuring Cell can initiate the SDR scheme.
(4) The SDR as an initiative can be taken by the group of banks or JLF that have given loans to the defaulted entity. The Joint Lender Forum (JLF) is a committee comprised of the entire bankers who have given loans to a potentially stressed or stressed borrower.
The Joint Lenders' Forum (JLF) as an institutional mechanism for resolution of stressed accounts stands discontinued in accordance with the Insolvency and Bankruptcy Code (IBC).
Lok Adalats
(1) Lok Adalat ("Public Court" or "People's Court") is one of the Alternative dispute resolution mechanisms in India, it is a forum where cases pending or at pre-litigation stage in a court of law are settled. (4) As per the act, the issue is to be settled in
6 months and in this case the success rate is (2) Created under Legal Services Authority around 20 30%. Act 1987.
Strategic Debt Restructuring (3) Lok Adalats have been found suitable for the recovery of small loans. (1) Strategic Debt Restructuring (SDR) Scheme allows banks and non-banking lending (4) According to RBI guidelines issued in 2001, institutions to convert their loans into equity they cover NPA up to Rs. 20 lakhs, both suits stake. filed, and non-suit filed are covered.
14. KYC
bank accounts mandatory as part of its the process of banks asking for your identity updated 'Know Your Customer (KYC)' proof. This prevents fraud and misuse of guidelines. RBI has also imposed a penalty banking facility. It is similar to a security of Rs 5 cr on south Indian bank for non- check. compliance with its directions on Income Recognition and Asset Classification (IRAC) The Reserve Bank of India (RBI) has made norms, Know Your Customer (KYC) norms linking of national biometric ID Aadhaar to and treasury function.
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What is CTR?
Currency Transaction Report is a bank form used as a tool to prevent Money.
What is STR?
An STR is Suspicious Transaction Report.
Firstly, A suspicious transaction is one for which there are reasonable grounds to suspect that the transaction is related to a money laundering offence or a terrorist activity financing offence.
15. Important Financial Institutions
1. RBI rate and the Bank Rate to 6.50%. Cash Reserve Ratio (CRR) remains unchanged at The Reserve Bank of India (RBI) is India's 4%. Central Banking Institution which controls the monetary policy of Indian rupee. It Mahesh Kumar Jain has been appointed as commenced its operations on 1 April 1935 in the fourth Deputy Governor at Reserve accordance with the Reserve Bank of India Bank of India for period of 3 years. Act 1934. The other three deputy directors of RBI are Urjit Patel is the governor of RBI. Viral Acharya, and B P Kanungo and N S Vishwanathan. RBI has revised its priority sector lending guidelines for housing loan under Pradhan Sudha Balakrishnan has been appointed Mantri Awas Yojna. Housing Loan of up to the first ever Chief Financial Rs 35 Lakh for dwelling costing less than 45 Officer (CFO) of the Reserve Bank of Lakh will be treated as PSL to uplift low India (RBI). cost segment to the society. RBI had organised a Financial Literacy From now, according to RBI Interest Week from 1st- 8th June 2018, throughout subsidy scheme on short-term crop loans the nation. The Theme for the Programme up to lakh rupees will be implemented through the Direct benefit transfer mode. 2. NABARD The Reserve Bank of India (RBI) has made Monetisation National Bank for Agriculture and Rural Scheme (GMS to enable people to open a Development (NABARD) is India's specialised hassle-free gold deposit account. Bank for Agriculture and Rural Development in India. NABARD was established by Act 61, The Reserve Bank of India (RBI) has 1981 of Parliament on 12 July 1982 to announced its second Bi- monthly implement the National Bank for Agriculture Monetary Policy Rates for 2018-19 in and Rural Development Act 1981. Mumbai. RBI increase the policy repo rate HQ: Mumbai; under the liquidity adjustment facility (LAF) Chairman: Dr. Harsh Kumar Bhanwala by 25 basis points to 6.25%. The reverse Subsidiaries of NABARD: NABCONS, repo rate under the LAF stands adjusted to NABFINS, ABFL. 6.0% The marginal standing facility (MSF)
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The Cabinet Committee on Economic The EXIM Bank will provide loan of upto 4.5 Affairs (CCEA) approved initial corpus of bn to Bangladesh for financing of various Rs.5,000 crore for setting up of dedicated social and infrastructure projects. Micro Irrigation Fund (MIF) in NABARD (National Bank for Agriculture and Rural 6.DICGC Development) under Pradhan Mantri Krishi Sinchayee Yojana (PMKSY). Deposit Insurance and Credit Guarantee Corporation (DICGC) is a subsidiary of A bill to increase authorised capital of Reserve Bank of India. It was established on 15 National Bank for Agriculture and Rural July 1978 under Deposit Insurance and Credit Development (Nabard) by six times to Guarantee Corporation Act, 1961. Rs30,000 crore and enable exit of Reserve HQ: Mumbai; Bank of India (RBI) was passed by Chairman: B.P.Kanungo. Parliament after the government assured that there is no plan to have private holding 7.ECGC in it. ECGC Ltd, was established in July 1957 to 3. SEBI strengthen the export promotion by covering the risk of exporting on credit. The name of The Securities and Exchange Board of India the company has been changed from ERIC to (SEBI) is the regulator for the securities ECGC Ltd. with effect from 8 August 2014. market in India. It was established in the year 1988 and given statutory powers on 30 The Cabinet Committee on Economic January 1992 through the SEBI Act, 1992. Affairs (CCEA) has approved the capital infusion of Rs. 2000 crore for Recently, SEBI has approved amendments strengthening of Export Credit Guarantee to buyback and takeover regulations and Corporation (ECGC) to enhance insurance changed the time for announcing the price coverage to micro, small medium band of initial public offering (IPO) from 5 enterprises (MSMEs) exports. The amount to 2 days will be infused in three financial year i.e. Rs.50 crore in 2017-18, Rs.1450 crore in 4. NATIONAL HOUSING BANK 2018-19 and Rs.500 crore in 2019-20.
Housing Bank (NHB), a wholly owned 8. SIDBI subsidiary of Reserve Bank of India (RBI), was set up on 9 July 1988 under the National Small Industries Development Bank of India Housing Bank Act, 1987. (SIDBI) is a development financial institution in India. It was established on 2nd April 1990. The National Housing Bank (NHB) has sanctioned around Rs 3,018 crore under Small Industries Development Bank of the credit-linked subsidy scheme (CLSS) of India (SIDBI) and Common Service the Pradhan Mantri Awas Yojana (PMAY). Centres (CSC) Special Purpose Vehicle The present MD and CEO of NHB is Sriram (SPV) signed MoU for providing financial Kalyanaraman. Support village level entrepreneurs in CSCs. 5.EXIM BANK The Small Industries Development Bank of India (SIDBI) celebrated its foundation day Export Import Bank of India is the premier this year on April 2, 2018. export finance institution in India, established in 1982 under Export-Import Bank of India Act 9. IFC 1981. The International Finance Corporation (IFC) is EXIM Bank has extended USD 10 million an International Financial Institution that worth of line of credit (LOC) to Seychelles. offers investment, advisory, and asset-
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management services to encourage private- It was established in 20 July 1956. sector development in developing countries.
16. Important Acts
1. RBI Act The RRB Act 1976 was adopted to provide sufficient banking and credit facility for The Reserve Bank of India Act 1934 is an Act agriculture. to constitute a Reserve Bank of India (RBI) and provide the Central Bank with various powers 4. BANKING REGULATION Act to act as the Central Bank of India. The Banking Regulation Act, 1949 is a 2. NABARD Act legislation in India that regulates all Banking firms in India. NABARD was established by Act 61, 1982 of the Parliament to implement the National 5. SEBI Act Bank for Agriculture and Rural Development Act 1981. The Securities and Exchange Board of India (SEBI) is the regulator for the securities 3. RRB Act market in India. It was established in the year 1988 and given statutory powers on 30 January 1992 through the SEBI Act, 1992. 17. Monetary Policies
1. CASH RESERVE RATIO Reverse Repo Rate is the rate at which the Central Bank of a country borrows money Cash Reserve Ratio (CRR) is a specified from Commercial Banks within the country. It minimum fraction of the total deposits of is a monetary policy instrument which can be customers, which Commercial Banks must used to control the money supply in the hold as reserves either in cash or as deposits country. with the Central Bank. Current Rate 6% Current Rate 4% 5. BANK RATE 2. STATUTORY LIQUIDITY RATIO Bank rate is the rate charged by the Central Statutory Liquidity Ratio (SLR) is the Indian Bank for lending funds to Commercial Banks. Government term for the reserve requirement Current Rate 6.50% that the Commercial Banks in India are required to maintain in the form of cash, gold 6. MARGINAL STANDING FACILITY reserves, government approved securities before providing credit to the customers. Marginal Standing Facility (MSF) is the rate at Current Rate 19.5% which scheduled banks could borrow funds overnight from the Reserve Bank of India 3. REPO RATE (RBI) against approved government securities. Current Rate 6.50% Repo Rate is the rate at which the Central Bank of a Country (Reserve Bank of India in 7. OPEN MARKET OPERATIONS case of India) lends money to Commercial Banks in the event of any shortfall of funds. Open Market Operations (OMO) refer to Current Rate 6.25% buying and selling of government securities in the open market to expand or contract the 4. REVERSE REPO RATE amount of money in the Banking System.
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INDICATORS CURRENT Repo Rate 6.25% RATE Reverse Repo Rate 6.00% MSF 6.50% CRR 4% SLR 19.5%
18. Types of Accounts
1. CURRENT ACCOUNT A Demat Account is an account that allows A current account, also known as financial investors to hold their shares in an electronic account is a type of deposit account form. maintained by individuals who carry out significantly higher number of transactions with banks on a regular basis.
2. SAVINGS ACCOUNT
A savings account is an interest-bearing deposit account held at a Bank or another financial institution that provides a modest interest rate.
3. FIXED DEPOSIT ACCOUNT 8. NRI ACCOUNT
A Fixed Deposit (FD) is a financial instrument In Indian Banking terminology, the term NRI provided by Banks or NBFCs which provides Account refers to funds deposited by a Non- investors a higher rate of interest than a Resident Indian. regular savings account, until the given maturity date. 9. NRO ACCOUNT
4. RECURRING DEPOSIT ACCOUNT An NRO account is a savings or current account held in India that helps NRIs manage Recurring Deposit is a special kind of Term income earned in India such as rent, Deposit offered by Banks in India which help dividends, or pension from abroad. people with regular incomes to deposit a fixed amount every month into their Recurring 10. FCNR ACCOUNT Deposit account and earn interest at the rate applicable to Fixed Deposits. FCNR (Foreign Currency Non-Repatriable Account) is a Fixed Deposit Foreign Currency 5. FLEXIBLE ACCOUNT account and not a savings account. Deposits A Flexible Spending Account (FSA), also in this account can be made in any of the known as a flexible spending arrangement, is major foreign currencies like US Dollar, UK one of several tax-advantaged financial Pound, Canadian Dollar, Deutsche Mark, accounts. Japanese Yen and Euro. It is available for term deposits of 1 to 5 years 6. DORMANT ACCOUNT and loans up to Rs.100 lakh can be extended against funds held in FCNR. A dormant account refers to a Bank Account which had no activity for a long period of 11. NOSTRO ACCOUNT time, other than posting interest. Nostro account refers to an 7. DEMAT ACCOUNT account maintained by an Indian Bank in the
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foreign countries. (EEFC) is an account maintained in foreign 12. VOSTRO ACCOUNT currency with an authorised dealer.
A Vostro account is maintained by a foreign 14. NRE ACCOUNT bank in India with their corresponding bank. NRE Savings Account enables NRIs to park 13. EEFC ACCOUNT their foreign income earned outside India.
19. Types of Loans
1. SYNDICATE LOAN option for people with outstanding debts, such as credit card debt, who want to reduce A Syndicated Loan, also known as a their interest rates by transferring balances. Syndicated Bank facility, is a loan offered by a group of lenders referred to as a Syndicate 7. LOANS FOR VETERANS who work together to provide funds for a single borrower. The Department of Veterans Affairs (VA) has lending programs available to veterans and 2. BRIDGE LOAN their families. With a VA-backed home loan, money does not come directly from the A bridge loan is a type of short-term loan, administration. typically taken out for a period of 2 weeks to 3 years pending the arrangement of larger or 8. SMALL BUSINESS LOANS longer-term financing. Small Business Loans are granted to 3.TEASER LOAN entrepreneurs and aspiring entrepreneurs to help them start or expand a business. A teaser loan is usually an Adjustable-Rate Mortgage (ARM) with an artificially low initial 9. PAYDAY LOAN interest rate. Payday loans are short-term, high-interest 4. STUDENT LOAN loans designed to bridge the gap from one pay check to the next, used predominantly by Student loans are offered to college students repeat borrowers living pay check to pay and their families to help cover the cost of check. higher education. 10. CONSOLIDATED LOAN 5. MORTGAGES A consolidated loan is meant to simplify your Mortgages are loans distributed by Banks to finances. Simply put, a consolidate loan pays off all or several of your outstanding debts, for upfront. A mortgage is tied to your home, particularly credit card debt. meaning you risk foreclosure if you fall behind on payments. Mortgages have among the 11. CASH ADVANCES lowest interest rates of all loans. A cash advance is a short-term loan against 6. PERSONAL LOANS your credit card. Instead of using the credit card to make a purchase or pay for a service, Personal loans can be used for any personal you bring it to a Bank or ATM and receive cash to be used for whatever purpose you purpose. This makes them an attractive need.
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Those with retirement funds or life insurance 12. HOME EQUITY LOANS plans may be eligible to borrow from their accounts. Home Equity Loans and Home Equity Lines of 14. AUTO LOAN a source of collateral so interest rates are considerably lower than credit cards. This type of loan may be distributed by a Bank or by the car dealership directly, but you 13. LIFE INSURANCE should understand that while loans from the dealership may be more convenient, they often carry higher interest rates and ultimately cost overall more.
20. Banking Ombudsman Scheme
The Banking Ombudsman Scheme is an introduced under Section 35 A of the Banking expeditious and inexpensive forum for bank Regulation Act, 1949 by RBI with effect from customers for resolution of complaints 1995. Presently the Banking Ombudsman relating to certain services rendered by Banks. Scheme 2006 (as amended up to July 1, 2017) The Banking Ombudsman Scheme is is in operation.
21. Money Market
It is the trade in short-term loans between banking system to mobilize bulk deposits banks and other financial institutions. from the market. Usually, financial instruments with high Minimum amount: 1 lakh; Period: 7 days - 1 liquidity and short-term maturities are year traded. 5. Commercial Papers - Commercial Few instruments of Money Market are: Paper, introduced in 1990, is issued (sold) by large corporations to obtain funds to meet 1. Call Money - Is the money loaned by a bank short-term debt obligations and is backed or other institution which is repayable on only by an issuing bank or company promise demand for 1 day. Call money does not have a to pay the face amount on the maturity date fixed schedule, nor does the lender need to specified on the note. provide any notice of repayment. Minimum amount: 5 lakhs or its multiples; Period - 1 day Period: 7 days - 1 year
2. Notice Money - The money that is lent for 6. Treasury Bills - These are short term one day in money market is known as call borrowing instruments of the Government money and if it exceeds one day, it is known of India. Treasury Bills enable investors to as notice money. Period - 2-14 days park their short term surplus funds while reducing their market risk. They are auctioned 3. Term Money - While Call money and notice by Reserve Bank of India at regular intervals money refers to short-term funds (less than 14 and issued at a discount to face value. days). Period - 15 days - 1 year Minimum amount: Rs. 25000 or its multiples; Period: 91 days, 182 days & 364 days. 4. Certificate of Deposits - It is equivalent to promissory note and is negotiable. Certificate 7. Ways and Means of Advances - is a method of Deposits (CD) is issued in lieu of the funds used by Reserve Bank of India (RBI) under its deposited at a bank for a specified time. It credit policy by which it helps States banking was introduced in July 1989, to enable the with it to tide over temporary mismatches in
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the cash flow of their receipts and payments. immediate cash needs. The bills are issued by the RBI on behalf of the government. 8. Cash Management Bills - are short term bills issued by central government to meet its 22. Negotiable Instruments Act 1881
A negotiable instrument is a piece of paper Bearer cheque sometimes can which entitles a person to a sum of money and which is transferable from one person bearer or made payable to a to another by mere delivery or by specific name endorsement and delivery.
According to Section 13 of the Negotiable Instruments Act, "A negotiable instrument Blank In this type of cheque, the means a promissory note, bill of exchange Cheque drawer puts his signature and or cheque payable either to order or to leaves all other columns blank bearer. The new Negotiable Instruments Counter This cheque requires MICR Amendment Bill provides for interim cheque encoded to be handled by compensation to the complainant to the their clearing houses. It was tune of 20% of cheque amount. common for banks, especially in small towns, to issue 1. Promissory Note - is a financial instrument cheque to customers which that contains a written promise by one party were not personalized other (the note's issuer or maker) to pay another than the name of the bank. party (the note's payee) a definite sum of money, either on demand or at a specified Stale Is a cheque presented at the future date Cheque paying bank after almost 3 months of its payment date. 2. Bill of Exchange - is like promissory note and is a written order used primarily in Mutilated Is a cheque that is torn into international trade that binds one party to pay Cheque two or more pieces a fixed sum of money to another party on demand or at a predetermined date. Post Dated Is a cheque that a bear a date Cheque later than the date of issue. 3. Cheque - is a document (written on a specially printed form) that orders a bank to Open Is a cheque that is not a pay a specific amount of money from a Cheque crossed. The person whose person's account to the person in whose name appears on the cheque name the cheque has been issued. can write the name of another person on it and the money will be paid to him. Types of Cheques
Crossed Is a cheque having two short Type Description Cheque parallel lines marked across its face.
Order This is a cheque which is Gift Cheque is a cheque in a decorative Cheque payable to a particular person form issued for a small extra or his order. In this cheque the charge by the banks for use by customers who wish to give cheque is cancelled. presents of money on special occasions. Bearer This cheque is payable to a Cheque person whosoever bears. This cheque is issued by a
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Cheque bank for remittance of money Outstanding Is a cheque which has been from one place to another. cheque written and therefore has been
Self-cheque is a cheque written by the ledgers, but which has not account holder as pay self to been presented for payment receive the money in the and so has not been debited physical form from the branch where he holds his account. account
Bankers It is an instrument issued by Cheque the bank on behalf of customer containing an order to pay a certain sum to a specified person within the city.
23. Endorsements
• Endorsement has various definitions Allonge or stamped paper), for depending on the context of its use. negotiating (transferring to next • For example, a signature authorizing person) a negotiable instrument. the legal transfer of a negotiable • Endorsements can be an amendment instrument between parties is an to a contract or document such as a endorsement. life insurance policy or a driver's • As per Section 15 of Negotiable license. Instrument Act, 1881 endorsing means • A public declaration of support for a signing on the face or backside of an person, product, or service is also an instrument (or even on a paper called endorsement. 24. Financial Inclusion
Financial inclusion basically means making 2. Low Income section in Rural Areas credit, banking and financial services & products accessible to: So, to carry out financial inclusion (1) Weaker section and low-income group successfully, some important initiatives taken (2) People residing in remote or rural areas are: and villages.
It also includes: 1. Promoting healthy banking habits of investment, money-saving, insurance, etc. among these groups. 2. Making loans available for these groups at reasonable rates. To save them from cruel and exploitative moneylenders.
Types of Financial Inclusion:
Financial inclusion aims to take care people who fall in 2 types of groups:
1. Low Income section in Urban Areas
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takes care of all concerned activities. (4) SLBC at state level coordinate and implement programmes and policies by financial institutions operating in States.
No Frills Account
Started: 2005 by RBI Recommendation by: Rangarajan Committee Aim: Simplified KYC norms and either nil or very low minimum balance to help low income groups maintain bank accounts. Implementation: However, all the existing - into BSBDA (Basic Savings Bank Deposit
Accounts). Fig: Financial Inclusion Initiatives BSBDA Account
Started: 2012 by RBI Aim: To extend benefits of no-frills account to common man. Implementation: Applicable to all scheduled commercial banks in India including Foreign Banks having branches in India. Points to Remember: (1) A BSBDA account is like a savings bank LBS (Lead B anking Scheme) account (that any person 10+ years in age) can open. Services available with BSBDA account Started: 1969 by RBI are: Deposit and withdrawal, transfer funds, Recommended by: Gadgil Study Group & cheque facility, passbooks, ATM cards and Nariman Committee. number of withdrawals to 4 using any mode in Aim: Bridging the gap left by absence of a month. commercial banks in rural areas. (2) A BSBDA account can be opened in any Implementation: A public or private bank was commercial bank and even in foreign banks. allotted an area (district) in which that bank But a person having BSBDA account in a bank had to play a lead role in providing financial cannot have a savings account in the same services to the people, making them aware bank. about the banks and various benefits of banks (3) A person already having savings account and generating trust among people so they can open a BSBDA in the same bank. But deposit their money without any fear of loss he/she will have to close the savings account or fraud. within 30 days from the date of opening of BSBDA. Points to Remember: (4) While there will be no limit on number of deposits that can be made in a month, (1) Every district in the country is now allotted account holders will be allowed a maximum of to a bank. four withdrawals in a month, including ATM (2) The lead bank to whom a district is withdrawals. allotted, is responsible for coordination of (5) Accounts enjoying additional facilities activities and services of all financial under the reasonable pricing structure for institutions in that area. value added services, exclusively for BSBDA (3) A Lead Bank Officer (LBO) now called customers should not be treated as BSBDAs. Lead District Manager is also appointed, who
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BSBDA-Small Account: such as bank accounts, remittances, credit, insurance and pensions. If a customer wants to open an account without KYC norms, then also a bank Business Correspondence is exchange of account can be opened for him but that will information in a written format for the be treated as BSBDA-Small Account with process of business activities that can take conditions as: place between organizations, within organizations or between the customers and 1. Total credits in such accounts the organization. should not exceed 1 lakh rupees in Business Correspondence includes a year. individuals, NGOs, SHGs, NBFCs, Payment 2. Maximum balance in the account Banks and so on. should not exceed fifty thousand rupees at any time. White Label ATMs 3. In a month, the total of cash withdrawals and transfers cannot Automated Teller Machines (ATMs) setup, exceed Rs 10,000. owned and operated by non-bank entities are 4. Foreign remittances cannot be credited to Small Accounts without Tata Communications Payment Solutions completing normal KYC (TCPS), started 1st white label ATM (WLA) at formalities. Chandrapada, a tier-V town near Mumbai 5. Small accounts are valid for a period of 12 months initially which Government has allowed 100% FDI in White may be extended by another 12 Labelled ATM operations since 2015. months if the person provides proof of having applied for an Self-Help Group Officially Valid Document. 6. Small Accounts can only be opened SHGs have their origin from the Gramin Bank at Core Banking System (CBS) of Bangladesh which was founded in 1975 by linked branches of banks or at such the economist Prof. Mohammad Yunus of branches where it is possible to Chittagong University. manually monitor the fulfilments of SHG-Bank Linkage Programme was started the conditions. based on recommendation of S K Kalia Committee. SHG - Bank Linkage was started in 1992 under Pradhan Mantri Jan Dhan Yojana the guidelines of NABARD and Reserve Bank of India. Prime Minister's People's' Wealth Scheme is a It is a village-based financial intermediary government scheme that aims to expand and committee comprising of 10 20 local women make affordable access to financial services or men. 25. Capital Market
Capital market is a platform where is a process by which an already investors and buyers get into trade of listed company on an exchange issues new financial securities such as bonds, stocks, shares to the investors or the existing etc. shareholders, usually the promoters.
1. IPO - Stands for Initial Public Offering. It is a 3. Right Issue - It is an invitation to existing term used when a private company or shareholders to purchase additional new corporation raises investment capital by shares in the company. offering its stock to the public for the first time. 4. ADR - Stands for American Depository Receipt. It is a negotiable certificate issued by 2. FPO - Stands for Follow on Public Offer. It a U.S. bank that represents a specified
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number of shares (or one share) in a foreign economy. stock traded on a U.S. exchange. Negotiable means its price is not firmly established, and 12. NSE - The National Stock Exchange of therefore its ownership is easily transferable. demutualized electronic exchange. 5. GDR - Stands for Global Depository Receipt (GDR). It is a bank certificate issued in more 13. Nifty - Like Sensex, Nifty is a major stock than one country for shares in a foreign index introduced by the NSE in India. The company. The shares are held by a foreign branch of an international bank. d because; the index consists of 50 actively traded stocks 6. IDR - International Depository Receipt is a from various sectors. negotiable certificate that a bank issue. It is also known as ADR in U.S.A. In Europe, IDRs 14. OTCEI - The Over-The-Counter Exchange are known as Global Depository Receipts, and Of India (OTCEI), founded in 1990 is an trade on the London, Luxembourg and electronic stock exchange that consists of Frankfurt exchanges. small- and medium-sized firms aiming to gain access to the capital markets like electronic 7. NSDL - Stands for National Securities exchanges in the U.S. such as the Nasdaq. There is no central place of exchange, and all depository and refers to the organization trading occurs through electronic networks. meant for holding and safeguarding the The OTCEI is no longer a functional exchange securities that are traded in the securities as the same has been derecognised by SEBI market. vide its order dated 31 Mar 2015.
8. CDSL - Central Depository Services Limited 15. Commodity Market - It is a physical or is a depository service that works for the virtual marketplace for buying, selling and Bombay Stock Exchange (BSE). Its primary trading raw or primary products. There are function is to hold securities either in about 50 major commodity markets certificated or uncertificated (dematerialized) worldwide that facilitate investment trade in form and enable the book-entry transfer of approximately 100 primary commodities. securities up to 500 shares in physical form. CDSL is promoted by the State Bank of India 16. MCX - The Multi Commodity Exchange of (SBI), Bank of India, Bank of Baroda, HDFC India Ltd. was established in 2003 and is an Bank, Standard Chartered Bank, Axis Bank independent commodity exchange. It is and the Union Bank of India. India's largest commodity derivatives exchange where the clearance and 9. Debenture - It is a type of debt instrument settlements of the exchange happen. that is not secured by physical assets or collateral. Corporations and governments 17. NCDEX - National Commodity & frequently issue this type of bond to secure Derivatives Exchange Limited is an online capital. These are usually documented in an commodity exchange based in India. indenture. 18. Derivatives - It is a contract between two 10. BSE - The Bombay Stock Exchange was or more parties based upon the asset or established by Premchand Roychand in 1875. assets. Its price is determined by fluctuations in the underlying asset. The most common be the world's fastest stock exchange, with a underlying assets include stocks, bonds, median trade speed of 6 microseconds. commodities, currencies, interest rates and market indexes. 11. Sensex - It is the benchmark index of the Bombay Stock Exchange (BSE) and is also Forward It is a private agreement known as S&P. It is composed of 30 of the Contract between two parties giving the largest and most actively-traded stocks on the buyer an obligation to BSE, providing an accurate gauge of India's purchase an asset (and the
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seller an obligation to sell an asset) at a set price at a future 17. Mutual Fund - It is an investment vehicle point in time. made up of a pool of money collected from Future It is a contract for assets many investors for investing in securities such Contract (especially commodities or as stocks, bonds, money market instruments shares) bought at agreed and other assets. Mutual Funds are regulated prices but delivered and paid in India by SEBI. for later. Option It is a contract, or a provision The most popular types of mutual funds in of a contract, that gives one India are - party (the option holder) the • Equity funds right, but not the obligation to • Debt funds perform a specified • Money market funds transaction with another party • Index funds (the option issuer or option Net asset value (NAV) represents a funds per writer) according to specified share market value. NAV is the sum of the terms. market value of all the shares held in the portfolio divided by the total number of units - Call Option: This option outstanding. provides the holder the right (but not the obligation) to Close Ended Open Ended purchase an underlying asset Scheme Scheme at a specified price (the strike price), for a certain period. A scheme where It is available for - Put Option: This option gives funds are raised subscription and the holder the right to sell an for a fixed period repurchase on a underlying asset at a specified and is wound up continuous basis price (the strike price). after a certain and do not have a SWAP It is a derivative contract period. fixed maturity where two parties exchange period. financial instruments. 26. Basel Norms
- The Basel accord are a set of agreements Basel Norms I set by Basel Committee on Banking Supervision (BCBS) which provides It divides the asset account to risk in 5 recommendation on banking regulation categories:- with respect to capital risk, market risk and operational risk. 1. 0% Risk 2. 10% Risk - The BCBS's secretariat is located at Bank 3. 20% Risk of International Settlements in Basel, 4. 50% Risk Switzerland. 5. 100% Risk
- The purpose of this accord is to ensure Basel Norms II that financial institutions have enough capital to meet obligations and absorb The 3 main pillars of the Basel Norms II are: unexpected stress. - Minimum Capital requirement - Supervisory Review Capital Adequacy Ratio: - Market discipline
India adopted Basel-II in 2009.
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Basel Norms III - Indian government estimated the total Risk Weighted Assets till 2019 will be 120 lakh - RBI extended the timeline for fully crore Rupees and where CAR is minimum 9%. implementation of Basel-III capital regulation by a year to March 31st, 2019.
27. List of International Airports in India
Airports State / Union Airport City Name Territory Cochin Veer Savarkar Andaman and International Kochi Kerala International Port Blair Nicobar Airport Airport Islands Calicut Visakhapat- Visakha- Andhra International Calicut Kerala nam Airport patnam Pradesh Airport
Lokpriya Trivandrum Thiruvan- Gopinath International anthap- Kerala Bordoloi Guwahati Assam Airport uram International Airport Chhatrapati Shivaji Mumbai Maharashtra Gaya Airport Gaya Bihar International Airport Indira Gandhi International New Delhi Delhi Dr. Babasaheb Airport Ambedkar Nagpur Maharashtra International Airport Goa Whole International Goa state Airport Pune Interna- Pune Maharashtra tional Airport Sardar Vallabhbhai Ahmed- Tulihal Airport Imphal Manipur Patel abad Gujarat International Biju Patnaik Bhuban- Airport International Odisha eswar Airport Kempegowda International Bengaluru Karnataka Sri Guru Ram Airport Dass Jee Amritsar Punjab International Manga- Airport Mangalore Karnataka International lore
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Jaipur Chandigarh Chandi- International Jaipur Rajasthan International Punjab garh Airport Airport
Rajiv Gandhi Chaudhary Hydera- International Telangana Charan Singh Lucknow Uttar Pradesh bad Airport Airport
Tiruchirappalli Lal Bahadur Tiruchira- Varanasi Uttar Pradesh International Tamil Nadu Shastri Airport palli Airport Netaji Chennai Subhash International Chennai Tamil Nadu Chandra Bose Kolkata West Bengal Airport International Airport Coimbatore International Coimbato Tamil Nadu Airport/Civil re Aerodrome
Guru Ram dass ji Amritsar Punjab International Airport
28. List of Revolutions in India
Revolution Product Green Revolution Agriculture Production
Black Revolution Petroleum Product Grey Revolution Fertilizers
Blue Revolution Fish Production Pink Revolution Onions, Prawn
Brown Revolution Leather, Cocoa Red Revolution Meat, Tomato Production Golden Fibre Jute Production Revolution Evergreen overall agriculture Revolution production growth Golden Revolution Overall Horticulture, Honey, Fruit Production Round Revolution Potato Production
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Silver Fibre Cotton Production Yellow Revolution Oil Seed Production Revolution Round Revolution Potato
Silver Revolution Egg Production
White Revolution Dairy, Milk Production
29. Indian & International Bank Taglines
Indian Banks and their Taglines Trust
Banks HQ Tagline Union Bank Mumbai Good People to of India Bank with State Bank Mumbai The Banker to Punjab New The Name You India Every Indian National Delhi Can Bank Upon Axis Bank Mumbai Badhti ka Naam bank Zindagi Punjab and New Where Service is Bank of Mumbai Relationship Sind Bank Delhi a Way of Life India Beyond Banking Canara Bengalur Together We Central Mumbai Central to You Bank u Can Bank of Since 1911 Vijaya Bank Bengalur A Friend You India u Can Bank Upon Dena Bank Mumbai Trusted Family Syndicate Manipal Faithful and Bank Bank Friendly HDFC Bank Mumbai We Understand Corporation Mangalo Prosperity for all your World Bank re IDBI Bank Mumbai Banking for all/ Karnataka Mangalo Your Family Aao Sochein Bank re Bank, Across Bada India ICICI Bank Mumbai Hum hai na, Indian Bank Chennai Your Own Bank Khayal Apka Indian Chennai Good People to IDFC Bank Mumbai Banking Hatke Overseas Grow With IndusInd Mumbai We Make you Bank Bank Feel Richer/We Lakshmi Chennai The Changing Care; Dil Se Vilas Bank Face of Kotak Mumbai Let's Make Prosperity Mahindra Money Simple South Indian Kerala Experience Next Bank Bank Generation Yes Bank Mumbai Experience Our Banking Expertise Andhra Hyder- Where India Bank of Pune Ek Parivar ek Bank abad Banks Maharashtra Bank/One Bank of Vado- Family One Bank Baroda dara International Allahabad Kolkata A Tradition of Bank Bank Trust Citi Union Tamil Trust and Bandhan Kolkata Aapka Bhala bank Nadu Excellence since Bank Sabki Bhalai 1904 United Bank Kolkata The Bank that Karur Vysya Tamil Smart Way to of India U Bank Nadu Bank UCO Bank Kolkata Honors your Oriental Guru- Where Every
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Bank of gram, Individual is Citi Never Sleeps Commerce Haryana Committed DBS Bank Living, Breathing Asia Federal Kochi Your Perfect Deutsche Bank A Passion to Perform bank Banking Partner HSBC Bank JPMorgan The Right Relationship is International Banks and their Taglines Chase Bank Everything Royal Bank of Make It Happen Bank Tagline Scotland Scotia Bank Richer Than You American Do More Think Express Bank Standard Your Right Partner BNP Paribas The Bank for a Changing Chartered Bank World Barclays Bank Fluent in Finance Citi Bank Get it Done / The
30. Union Cabinet Ministers & their Constituency
Department Ministers Constituenc Rejuvenation y
Minister without Arun Gujarat, Ministry of portfolio Jaitley Rajya Sabha Personnel, Public Grievances and Narendra Ministry of Mukhtar Jharkhand, Pensions, Modi Varanasi, Minority Affairs Abbas Rajya Sabha Ministry of Uttar Naqvi Atomic Energy, Pradesh Ministry of Space Minister of Suresh Andhra All Important Commerce and Prabhu Pradesh, Policy Issues, All Industry Rajya Sabha Other Portfolios Ministry of Civil not allocated to Aviation(Addition any Minister al charge)
Ministry of Prakash Madhya Ministry of Home Rajnath Lucknow, Human Resource Javadekar Pradesh, Affairs Singh Uttar Development Rajya Sabha Pradesh -Minister of Law Ravi Bihar - Rajya Ministry of Sushma Vidisha, and Justice Shankar Sabha External Affairs Swaraj Madhya -Minister of Prasad Pradesh Electronics and Information Ministry of Road Nitin Nagpur, Technology Transport & Jairam Maharashtra Highways, Gadkari Ministry of Minister of D.V. Bangalore Shipping, Statistics and Sadanand North, Ministry of Water Programme a Gowda Karnataka Resources, River Implementation Development and Ganga Minister of Uma Jhansi, Uttar
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Drinking Water Bharti Pradesh Development, Singh Madhya and Sanitation Ministry of Tomar Pradesh Panchayati Raj, - Ministry of Hajipur, Ministry of Mines Consumer Affairs Ram Vilas Bihar & Food & Public Paswan Distribution Ministry of Social Thawar Madhya Justice & Chand Pradesh, -Ministry of Piyush Deoria, Uttar Empowerment Gehlot Rajya Sabha Railways Minister Goyal Pradesh of Coal Ministry of Tribal Jual Oram Sundargarh, -Ministry of Affairs Odisha Finance (Additional Ministry of Radha Purvi Charge) Agriculture and Mohan Champaran, -Ministry of Farmers Welfare Singh Bihar Corporate Affairs Minister of Smriti Gujarat, Textiles Zubin Rajya Sabha Ministry of Maneka Pilibhit, Irani Women & Child Sanjay Uttar Development Gandhi Pradesh Ministry of Radha Purvi Agriculture and Mohan Champaran, Farmers Welfare Singh Bihar -Ministry of Ananth- Bangalore, Chemicals and kumar South -Ministry of Dharmen- Deogarh, Fertilizers Karnataka Petroleum and dra Orissa -Minister of Natural Gas, - Pradhan Parliamentary Minister of Skill Affairs Development and Entrepren- eurship. Ministry of Steel Vishnu Raigarh Deo Sai Chhattis- garh -Ministry of Chandni Science and Harsh Chowk, Ministry of Health Jagat Himachal Technology, Vardhan Delhi & Family Welfare Prakash Pradesh, -Ministry of Earth Nadda Rajya Sabha Science, -Ministry of Ministry of Heavy Anant Raigad, Environment, Industries and Geete Maharashtra Forest and Public Enterprises Climate Change
Ministry of Food Harsimrat Bathinda, Processing Kaur Punjab Ministry of Nirmala Rajya Industries Badal Defence Sitharama Sabha, n Karnataka -Ministry of Rural Narendra Gwalior,
31. Census 2011
The Indian Census 2011 was referred to as has been run on all the 28 states of the the seventh census operation after Indian country and the seven Union Territories. Independence. The national census 2011 There have been surveys on cities and
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districts as well. The data of Indian census Lowest sex ratio Haryana (879) 2011 covers all the major aspects of society Highest sex ratio in UT Pondicherry like population, sex ratio and literacy (1037) percentage as well. In any government Lowest sex ratio in UT Daman and Diu point of view the topic is very important. (618) Here are some highlights on census
• First census was conducted in 1872. • Census 2011 were released in New Delhi on 31st March 2011 by Union Home Secretary GK Pillai and RGI C Chandramouli. • Census 2011 was the 15th census of India & 7th census after Independence. • Total estimated cost of the Census was INR 2200 crore (US$350 million). • Total Population estimated - 1,210,569,573 (1.21 Billion). • India in 2nd rank in population with 17.64%. decadal growth & China is 1st rank with decadal growth 19% (over 1.35 billion). • Total male Population - [Males - 623.7 million (51.54%)]. • Total Females Population - 586.46 million (48.46%). • Highest Populated State - Uttar Pradesh followed by Maharashtra and Bihar. • Least Populated State - Sikkim • Highest Populated Union territory - New Delhi • Least populated Union Territory - Child (0-6 years) sex ratio 914 Lakshadweep followed by Daman and Diu Highest child (0-6) sex Mizoram (971) • Highest Urban population In India- ratio in state Maharashtra 4,11,00,980 Lowest child (0-6) sex Haryana (830) • Lowest urban Population in India - ratio in state Lakshadweep 26,967 • Highest Rural Population in India - Uttar Literacy Rate in India Pradesh 13,16,58,339 • Lowest Rural Population in India (state & Males 82.14% UT)- Lakshadweep 33,683 Females 65.46% Highest Literacy Kerala (94%) Rate in State Sex Ratio (Females per 1000 Males)- 943 : Lowest Literacy Bihar (61.8%) 1000 Rate in State Highest Literacy Lakshadweep (91%) Sex Ratio State Rate in UT Lowest Literacy Dadra and Nagar Haveli Sex Ratio (Females per Kerala (1084) Rate in UT (76.24% 1000 Males) 32. List of Important Rivers on Cities
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Name of the Name of the City Hugli Kolkata River Jhelum Srinagar Kali Karwar Alaknanda Badrinath Kaveri Tiruchirapalli Bhadra Bhadravathi Erode Brahmani Rourkela Krishna Vijayawada Brahmaputra Dibrugarh Sangli Guwahati Mahanadi Banki Chambal Kota Cuttack Gwalior Mahanadi Sambalpur Cooum, Adyar Chennai Narmada Jabalpur Daman Ganga Daman Bharuch River Netravati, Mangalore Ganga Mirzapur Gurupura Ganga, Yamuna Allahabad Noyyal Coimbatore & Saraswati Panchaganga Kolhapur Ganges Bhagalpur Pennar Nellore Haridwar Rapti Gorakhpur Kanpur Sabarmati Ahmedabad Patna Saryu Ayodhya Varanasi Savitri Mahad Farrukhabad Sharavathi Honnavar Fatehgarh Shipra Ujjain Kannauj Sutlej Ferozepur Kanpur Cantonment Tapi Surat Shuklaganj Tungabhadra Koodli Chakeri Ulhas Karjat Hajipur Vaigai Madurai Ghataprabha Bagalkot Vishwamitri Vadodara Girna River Malegaon Vrishabhavathi Bangalore Godavari Rajahmundry Yamuna Agra Nashik New Delhi Nanded Mathura Nizamabad Auraiya Gomti Jaunpur Etawah Lucknow
33. List of Major Ports in India
Name of the Sea Coast State Cochin Western Kerala Ports Coast Haldia Eastern West Bengal Kandla Western Gujarat Coast Coast Paradip Eastern Odisha Mumbai Western Maharashtra Coast Coast Vishakhapatnam Eastern Andhra Jawaharlal Nehru Western Maharashtra Coast Pradesh Coast Chennai Eastern Tamil Nadu Marmugoa Western Goa Coast Coast Ennore Eastern Tamil Nadu Mangalore Western Karnataka Coast Coast Tuticorin Eastern Tamil Nadu
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Coast
34. Major Atomic/Thermal/Hydro Power Plants
There are 3 major resources through which Talcher Thermal Power Odisha Power Station runs in India. plant Korba Thermal Power plant Chhattisgarh 1. Nuclear Power Plants Vindhyachal Thermal Power Madhya 2. Thermal Power Plants plant Pradesh 3. Hydropower Plants Farakka Thermal Power West Bengal plant Nuclear Power Plant in India Mudra Thermal Power plant Gujarat Nuclear power stations are the fourth-largest Sipat Thermal Power plant Chhattisgarh source of electricity in India after Thermal, Rihand Thermal Power plant Uttar Pradesh Hydroelectric and Renewable sources of Jharsuguda Thermal Power Odisha electricity. As of 2016, India has 21 nuclear plant reactors in 7 Nuclear Power plants. Some Tiroda Thermal Power plant Maharashtra Nuclear Power plants are under construction Anpara Thermal Power Uttar Pradesh and some are planned projects which will be plant implemented in future. Barauni Thermal Power Bihar plant Atomic Power Station State Bellary Thermal Power plant Karnataka Durgapur Thermal Power West Bengal Narora Nuclear Power plant Uttar plant Pradesh Sikka Thermal Power plant Gujarat Rawatbhatta Nuclear Power Rajasthan Satpura Thermal Power Madhya plant plant Pradesh Kakarpar Nuclear Power plant Gujarat Wanakbori Thermal Power Gujarat Kaiga Nuclear Power plant Karnataka plant Kundankullam Nuclear Power Tamil Nadu Obra Thermal Power plant Uttar Pradesh plant Udupi Thermal Power plant Karnataka Kalpakkam Nuclear Power Tamil Nadu Simhadri Thermal Power Andhra plant plant Pradesh Tarapur Nuclear Power plant Maharashtra
Rajasthan Atomic Power Rajasthan Hydropower Plant in India Station Hydropower is one of the oldest and widely used renewable sources of energy. India is Thermal Power Plant in India the 7th largest producer of hydroelectric Thermal power is the largest source of power in the world and ranks 3rd power in India. There are different types of worldwide by its total number of dams. Thermal power plants based on the fuel used to generate the steam such as coal, gas, and Diesel. About 65% of electricity Hydropower City State consumed in India are generated by Station thermal power plants.
Thermal Power Station State Koyna Hydro Koyna Maharashtr Electric Power a Singrauli Thermal Power Madhya plant Plant Pradesh Ramagundam Thermal Andhra Hirakund Hydro Mahanadi Odisha Power Plant Pradesh Electric Power plant Dadri Thermal Power plant Uttar Pradesh
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Idukki Hydro Periyar Kerala Baira-Siul Baira Himachal Electric Power Hydro Electric Pradesh plant Power plant
Nagarjuna Krishna Andhra Salal Hydro Chenab Jammu and Hydro Electric Pradesh Electric Power Kashmir Power plant plant
Tehri Hydro Bhagirathi Uttarakhan Machkund Machkund Andhra Electric Power d Hydro Electric Pradesh, plant Power plant Orissa
Bhakra Nangal Sutlej Himachal Hydro Electric Pradesh Balimela Hydro Sileru Odisha Power plant Electric Power plant Sardar Sarovar Narmada Gujarat Hydro Electric Subarnarekha Subarnarekh Jharkhand Power plant Hydro Electric a Power plant Nathpa Jhakri Sutlej Himachal Hydro Electric Pradesh Shivanasamudr Kaveri Karnataka Power plant a Hydro Electric Power Srisailam Hydro Krishna Andhra plant Electric Power Pradesh plant Loktak Hydro Leimtak Manipur Electric Power Indirasagar Narmada Madhya plant Hydro Electric Pradesh Power plant Rihand Hydro Rihand Madhya Electric Power Pradesh, Sharavathi Sharavathi Karnataka plant Uttar Hydro Electric Pradesh Power plant Rangit Hydro Rangit Sikkim Dehar Hydro Beas Himachal Electric Power Electric Power Pradesh plant plant Bansagar Hydro Sone Madhya Kalinadi Hydro Kalinadi Karnataka Electric Power Pradesh Electric Power plant plant Uri Hydro Jhelum Jammu and Teesta Hydro Teesta Sikkim Electric Power Kashmir Electric Power plant plant
35. List of upcoming Sports Venues
Asian Games 18th August 2nd September 2018. The Game is also known as Jakarta Palembang 2018. Asian Games 2018 is a Pan India Multi Sports Venue 2014- Incheon, South Korea th Continental Event will be the 18 Asian Sports Venue 2018- Jakarta, Palembang, Games which will going to be schedule from Indonesia
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Sports Venue 2022- Hangzhou, China Venue of ICC World Cup 2013 - India
Commonwealth Games ICC World Cup T20
The Commonwealth Games are an World Cup 2014 - Bangladesh international multi-sport event involving World Cup 2016 - India athletes from the Commonwealth of Nations. The event was first held in 1930 and has taken World Cup 2020 - Australia place every four years since then. Venue of CWG 2014 - Glasgow, Scotland Venue of CWG 2018 Gold Coast, Australia Venue of Women World Cup 2013 - India Venue of CWG 2022- Birmingham, Venue of Women World Cup 2017 - England England Venue of Women World Cup 2021 - New Olympics Games Zealand
The Winter Olympic Games is a major international sporting event held once every four years for sports practised on snow and - ice. The first Winter Olympics, the 1924 Bangladesh Winter Olympics, were held in Chamonix, 2016 - France. India
Summer Olympic Venue Australia
Venue of Olympics 2016 Rio De Janeiro, Brazil
Venue of Olympics 2020 Tokyo, Japan Venue of Hockey World Cup 2010 - New Venue of Olympics 2024 Paris, France Delhi, India Venue of Hockey World Cup 2014 - The Winter Olympic Venue Hague, Netherlands
Venue of Hockey World Cup 2018 - Venue of Olympics 2014 Sochi, Russia Bhubaneswar, India Venue of Olympics 2018 PyeongChang,
South Korea Hockey Wom Venue of Olympics 2022 Beijing, China
ICC World Cup 2010 - Rosario, Argentina
The ICC Cricket World Cup is the 2014 - The Hague, Netherland, London international championship of One Day
International cricket. The event is organised 2018 - London, England by the sport's governing body, the International Cricket Council, every four years. FIFA World Cup Venue of ICC World Cup 2015 - Australia, New Zealand Venue of FIFA World Cup 2014 - Brazil Venue of ICC World Cup 2019 - England, Venue of FIFA World Cup 2018 - Russia Wales Venue of FIFA World Cup 2022 - Qatar
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FIFA U 17 World Cup
- Venue of FIFA U17 World Cup 2015 -Chile Canada Venue of FIFA U17 World Cup 2019 India World Cup 2019 - France
36. List of Newly Appointed National Officials
• President of India - Mr. Ram Nath • Cabinet Secretary - Mr Pradeep Kovind Kumar Sinha • Vice-President of India - Mr. Venkaiah • Foreign Secretary - Mr. Vijay Keshav Naidu Gokhale • Prime Minister of India - Mr. Narendra • Finance Secretary- Mr. Ashok Lavasa Modi • Revenue Secretary- Mr. Hasmukh • Chief Justice of India - Mr. Dipak Adhia Misra • Director General of Border Security • Attorney General of India- Mr. K. K. Force (BSF) - Mr. K K Sharma Venugopal • Director General of National Security • Solicitor General of India - Guard (NSG) - Sudeep Lakhtakia • Supreme Commander of Armed • Director General of National Forces- President Ram Nath Kovind Investigation Agency (NIA) - Mr. YC • Chief of the Army Staff- Bipin Rawat Modi • Chief of the Air Staff - Birender Singh • Director of Intelligence Bureau (IB) - Dhanoa Mr. Rajiv Jain • Chief of the Naval Staff - Sunil Lanba • Director of Central Bureau of • Chairperson of Rajya Sabha - Vice Investigation (CBI) - Mr. Alok Verma President Venkaiah Naidu • Director of Research Analysis Wing • Deputy Chairperson of Rajya Sabha - (RAW) - Mr. Anil Dhasmana Mr. P J Kurien • Director General of Directorate of • Speaker of Lok Sabha - Mrs. Sumitra Revenue Intelligence - Mr. Debi Mahajan Prasad Dash • Deputy Speaker of Lok Sabha- Mr. M • Chairperson of Atomic Energy Thambidurai Commission - Mr. Sekhar Basu • Chief Election Commissioner - Mr. • Chairperson of 21st Law Commission Achal Kumar Jyoti - Justice B S Chauhan • Comptroller and Auditor General of • Chairperson of 14th Finance India - Mr. Rajiv Mehrishi Commission - Dr. Y V Reddy • Registrar General of India and • Chairperson of National Commission Census Commissioner - Mr. Sailesh for Women - Ms. Lalitha • Central Vigilance Commissioner - Mr. Kumaramangalam K V Chowdary • Chairperson of National Human • Chief Information Commissioner - Mr. Rights Commission - Justice H L R K Mathur Dattu • National Security Advisor Mr. Ajit • Chairperson of University Grants Kumar Doval Commission (UGC) - Prof. D P Singh, • Chief Economic Advisor - Mr. Arvind • Chairperson of UPSC - Mr. Arvind Subramanian Saxena • Principal Scientific Advisor to • Chairperson of Indian Space Research Government - K Vijay Raghavan Organisation (ISRO) - Mr. K. Sivan • Scientific Advisor to Defence Minister • Chairperson of Defence Research and - G Satheesh Reddy Development Organisation (DRDO) -
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Sanjay Mitra • Chairperson of Central Pollution • Chairperson of Atomic Energy Control Board - Mr. S P Singh Parihar Regulatory Board (AERB) - Mr. Shiv • Chairperson of Railway Board - Mr. Abhilash Bhardwaj Ashwani Lohani • Director General of Indian Council of • Chairperson of Bank Board Bureau Agricultural Research (ICAR) - Dr. (BBB) - Bhanu Pratap Sharma Trilochan Mohapatra • Chairperson of Central Board of • Director General of Council of Secondary Education (CBSE) - Anita Scientific and Industrial Research Karwal (CSIR) - Dr. Girish Sahni • President of Sahitya Akademi - Dr. • Governor of Reserve Bank of India Vishwanath Prasad Tiwari (RBI) - Mr. Urjit Patel • Chairperson of Lalit Kala Akademi - • Chairperson of Central Board of Mr. Uttam Pacharne Direct Taxes (CBDT) - Mr. Sushil • Chairperson of NITI Aayog - PM Chandra Narendra Modi • Chairperson of Central Board of • Vice Chairperson of NITI Aayog - Indirect Tax and Customs (CBIC) - Mr. Rajiv Kumar S.Ramesh • Chairperson of Telecom Regulatory • Chairperson of Securities and Authority of India (TRAI) - Mr. Ram Exchange Board of India (SEBI) - Mr. Sewak Sharma Ajay Tyagi • • Chairperson of Insurance Regulatory United Nations Mr. Rajiv Kumar and Development Authority (IRDA) - Chander SC Khuntia • Chairperson of National Green • Chairperson of National Bank for Tribunal (NGT) - Justice Adarsh Agriculture and Rural Development Kumar Goel (NABARD) - Mr. Harsh Kumar Bhanwala 37. National Parks & Wildlife Sanctuaries
State National Park Wildlife Assam Dibru Sonai Rupai Sanctuary Saikhowa Wildlife National Park Sanctuary Andaman & Campbell Barren Island Nicobar National Park Wildlife Kaziranga Pabha Sanctuary National Park Wildlife Sanctuary Sir Hugh Manas Dipor Bil Rose Island National Park Wildlife Wildlife Sanctuary Sanctuary Orang Andhra Sri Venkates- Krishna National Park Pradesh wara National Wildlife Bihar Valmiki Gautam Park Sanctuary National Park Buddha Wildlife Papikonda Kolleru Lake Sanctuary National Park Arunachal Namdapha Dibang Rajgir Pradesh National Park Wildlife Wildlife Sanctuary Sanctuary Mouling Chhattis- Indravati Bhairam- National Park Talley Valley garh National Park garh Wildlife Wildlife Sanctuary Sanctuary Guru Ghasidas
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National Park Kanha Kisli Ken Gharial Goa Bhagwan Bondla National Park Sanctuary Mahavir Wildlife National Park Sanctuary Gandhi Fossil National Sagar Salim Ali Bird Park Sanctuary Sanctuary Gujarat Gir forest Indian Wild Bandhavgarh national park Ass National Park Sanctuary Maharashtra Chandoli Great Indian Blackbuck National Park Bustard National Park Kutch Desert Wildlife Wildlife Sanjay Gandhi Sanctuary Marine Sanctuary National Park National park Phansad Jammu & Dachigam Karakoram Tadoba Wildlife Kashmir National Park Wildlife National Park Sanctuary Sanctuary Hemis Pench Koyna National Park Hirpora National Park Wildlife Wildlife Sanctuary Sanctuary Manipur Keibul Lamjao - National Park
Jharkhand Betla National Palamau Balphakram Park Wildlife National Park Sanctuary Meghalaya Nokrek - National Park Dalma Mizoram Phawngpui Dampa Tiger Wildlife Blue Mountain Reserve Sanctuary National Park Karnataka Anshi National Ghatapra- Nagaland Intanki - Park bha Wildlife National Park Sanctuary Odisha Bhitarkanika Chilika Bird Bandipur National Park Sanctuary National Park Bhimgad Wildlife Simlipal Bannerghatta Sanctuary National Park National Park Punjab - Abohar Sharavathi Wildlife Valley Sanctuary Wildlife Sanctuary Harike Lake Kerala Periyar Parambi- Wildlife National Park kulam Sanctuary Wildlife Rajasthan Desert Mount Abu Anamudi Sanctuary National Park Wildlife National Park Sanctuary Malabar Keoladeo Wildlife National Park Sariska Tiger Sanctuary Reserve Madhya Van Vihar Bori Wildlife Rantham-bore Pradesh National Park Sanctuary National Park
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Darrah Clouded National Park Leopard Sikkim Kanchend- Kyongnosla National Park zonga Alpine Uttarakhand Valley of - National Park Wildlife Flowers Sanctuary National Park Tamil Nadu Gulf of Point Mannar Calimere Rajaji National National Park Wildlife Park Sanctuary Palani Hills Nanda Devi National Park National Park
Mudumalai Jim Corbett National Park National Park Telangana Mahavir Eturnag- Uttar Dudhwa Kaimur Harina aram Pradesh National Park Sanctuary Vanasthali Wildlife National Park Sanctuary Okhla Bird Sanctuary Pranahita West Bengal Neora Buxa Tiger Wildlife National Park Reserve Sanctuary Tripura Bison National - Murti Park Wildlife Sanctuary
38. Important Days
MAY intelligence (AI) to accelerate Date Day Theme the implementations Uniting workers of the SDG 1 International for social and International Day Celebrating 25 22 May Labour Day economic for Biological years of action May advancement Diversity for biodiversity 2 Never too early, World Asthma Day May Never too late JUNE Keeping power 5 World Beat plastic 3 World Press in check, Media, June Environment Day pollution May Freedom Day Justice and the 12 World Day against Generation safe rule of law June Child Labour and healthy Memorable 14 World Blood Donor Blood connects 8 World Red Cross smiles from June Day us all May Day around the 21 International Yoga Yoga for peace world June Day Science and Listen first - 11 National technology for a Listening to International Day May Technology Day sustainable your children 26 against Drug future and youth is the June Abuse and Illicit International Enabling the first step to help 17 Trafficking Telecommuni- positive use of them grow May cation Day artificial healthy and safe
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JULY July Day 26 1 Kargil Vijay Diwas - GST day July July 28 World Hepatitis Eliminate Family planning 11 World Population July day Hepatitis and human 29 July Day World Tiger Day - heart July 12 International - July Malala Day 15 World Youth Skills -
39. Joint Military Exercises
Name of Coun- Place Duratio McChord, Exercise tries n United States Coordinat India and Chittagon Vinbax 1 India and Jabalpur 30 ed Patrol Banglade g, Vietnam in Madhya January (CORPAT sh Banglades Pradesh - 3 ) h Februar Malabar India, US Guam, June 7 y and Western to 16 Hamesha Southern Rajasthan 16 - 22 Japan Pacific June Vijayee Comman Decemb Pacific d er Ocean. Ekuverin India and Belgaum, 14 - 27 Harimau India and Hulu April VIII Maldives India Decemb Shakti Malaysia Langat 30th to er forest, May Ajeya India and Mahajan 1 - 14 Malaysia 13th Warrior UK Firing Decemb Varuna India and Phase- I: Range, er France Mormuga India o Port IMBAX I India and Shillong, 20 - 25 Trust Myanma India Novemb (MPT),Vas r er co da Danx 50 Andaman 20 - 24 Gama, Parachut & Nicobar Novemb Goa e Brigade Islands, er Phase II: India Chennai Sampriti India and Shillong, 6 - 11 coast VII Banglade India Novemb Phase-III: sh er La PRABAL India Himachal 2 - 15 Reunion DOSTYK And Pradesh, Nov Island Kazakhst India 2017 Surya India and Pithoragar an Army Kiran XIII Nepal h, India INDRA Indo- Sea Of 19 - 29 Lamitye India and Mahe, 24 Feb - Russia Japan Oct VIII Seychell Seychelle 4 March Armed Near 2017 es s Forces Vladivosto Shakti IV India and Mailly le 31 Jan - k, Russia France Camp. 5 Feb MITRA India - Pune, 13 - 25 France SHAKTI Sri Lanka India Oct Vajra India and Joint Base January Army 2017 Prahar US Lewis- YUDH United Washingt 14 - 27
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ABHYAS States on, US Sep ELEPHAN n 2017 And 2017 T Military Indian Exercise Army Bold India and Madhya 4 - 21 Maitree Indian Himancha 3 To 17 Kurukshet Singapor Pradesh, March Army l Pradesh, July ra e India and India 2017 AL- Oman Himachal 6 - 19 Royal NAGAH-II And Pradesh, March Thailand Indian India 2017 Army Army Thar X Corps Rajasthan, 17 April - Khanjar IV India and Kok 20 Shakti India 17 May Kyrgyzst Jhangak, Februar NOMADI India- Mizoram, 5 - 18 an Kyrgyzsta y - 5 C Mongolia India April n March
40. Reports & Indices
Report/ Publis- HQ Ran tion Index hed by k Global World 40 Competitiveness Economi Ease of Doing World Washin 100 Index c Forum Business Report Bank gton DC Environmental World Switzerl 177 International US US 44 Performance Economi and Intellectual chamber Index c Forum Property Index of Commer Global Hunger Internatio Washin 100 ce Global Index nal Food gton (201 innovatio Policy 7) n Policy Research Centre Inclusive Econo- - 47 Global Gender World Switzerl 108 Internet Index mist Gap Index economi and Intellig- c forum ence Unit
Gender Parity UNESCO Paris, 108 World Press Reporter France 138 Index France Freedom Index s without Border World United 133 Happiness nations Foreign Direct AT 11 Report sustainab Investment Conf Kearney le idence Index develop 2018 ment solution World Internatio Lausann 44 network Competitiveness nal e, Ranking 2018 Institute Switzerl World Migration Internatio Geneva, 1 for and Report nal Switzerl Manage Migratio and ment n Develop Organisa ment
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Global Peace Institute 137 Transition Index Economi , Index 2018 for c Forum Switzerl Economi and cs & Peace
Energy World Cologny 78
41. Classical Folk Dances
Classical Dance Bihu Assam
Dance State Fugdi Goa
Garba, Dandiya Raas Gujarat Bharatanatyam Tamil Nadu Raut Nacha Chhattisgarh Manipuri Manipur Maach Madhya Pradesh Odissi Odisha Thang Ta Manipur Kuchipudi Andhra Pradesh Dumhal, Rauf Jammu and kashmir Kathakali Kerala Nati Himachal pradesh Kathak Uttar Pradesh Giddha, Bhangra Punjab Sattriya Assam Ghumura Odisha Mohiniyattam Kerala Lavni Maharashtra
Folk Dance Ghoomar, Kalbelia Rajasthan
Puli Kali Kerala Dance State Chhau West Bengal
Rasleela Uttar Pradesh
42. Stock Exchanges Around the World
Stock Exchange Country Shanghai Stock Exchange China Located Hong Kong Stock Exchange Hong Kong Bombay Stock Exchange India NASDAQ USA National Stock Exchange of India Tokyo Stock Exchange Japan India London Stock Exchange UK Euronext European Union
B3 Brazil Bombay Stock Exchange has become the
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Designated Offshore Security Market by US security and exchange Commission.
43. Nick Names of Cities
Nicknames Cities Blue City Jodhpur Orange city Nagpur City of Pearls Hyderabad Cotton City Akola Silicon Valley of India Bengaluru Land of Litchi Muzaffarpur Venice of East Alappuzha Queen of Arabian Sea Kochi Mini Bombay Indore City of Black Diamonds Dhanbad Manchester of East Kanpur Sandalwood City Mysore Athens of East Madurai
44. Currency Printing & Coin Minting in India
Currency Printing in India Coin Minting in India
Nashik - The bank note printing in India Mumbai - It was established in 1829. Bombay started in 1928 with the establishment of India (Mumbai) Mint has a diamond under the date Security Press at Nashik by Government of of the coin (year of issue). India. Alipore (Kolkata) - It was established in 1757.
Mysore - The demand for banknotes has been Kolkata mint has no mark under the date of steadily increasing. To bridge the demand and the coin (year of issue). supply gap, the Government of India decided Saifabad (Hyderabad) - It was established in to establish the new bank note printing press the 17th century. Hyderabad Mint has a star at Mysore (Karnataka). under the date of the coin (year of issue). The Dewas (MP) - The second bank note printing other mint marks from Hyderabad include a press was established in Dewas (Madhya split diamond and a dot in the diamond. Pradesh) in 1975 by Government of India. Cherlapally (Hyderabad) - It was established Bharatiya Reserve Bank Note Mudran Pvt in the 17th century. Hyderabad Mint has a star Limited - RBI formed a wholly owned under the date of the coin (year of issue). The subsidiary Bharatiya Reserve Bank Note other mint marks from Hyderabad include a Mudran Private Limited. The BRBNMPL was split diamond and a dot in the diamond. incorporated as a Private Limited Company on 3rd February 1995.
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Noida (UP) - It was established in 1988. Noida date). mint has a dot under the year of issue (coin
45. Important Terms
Fiscal Responsibility and Budget banks, RRBs, cooperative banks, small finance Management Act banks, registered microfinance institutions and NBFC are authorized to provide loans This act was enacted in 2003 for balancing under the MUDRA scheme. Loans under this budget by reducing the fiscal deficit. Its scheme is categorised in three categories - objective is to bring fiscal stability by introducing a transparent fiscal management 1. Shishu - Up to Rs. 50,000 system. 2. Kishore - Up to Rs. 5 lakh
MUDRA Scheme 3. Tarun - Up to Rs. 10 lakh
MUDRA is an acronym of Micro Units Dividend Distribution Tax Development and Refinance Bank Agency. The tax levied on the dividend is to be paid by domestic companies only.It is paid on gross amount of dividend. Cess and surcharge of 3% and 12% respectively, is also charged on that dividend. Presently 15% DDT is levied. DDT is levied on mutual funds too.
Ad Valorem Tax
The tax imposed on goods and services according to their value. Sales tax, VAT, Property tax, stamp duty is the type of ad valorem tax.
Venture Capital Funds
It is an investment fund, which helps in development of new products/startup. Venture capital fund manages money of the investors who provide capital to startup and small and medium size enterprises, expecting long term returns. These funds are regulated by SEBI. These funds are risky and envisage high returns. There are three types of VCFs -
1. Early stage financing
2. Expansion financing The scheme was launched on 8th april 2015. Under this scheme MUDRA banks are set up 3. Acquisition or buyout financing which will provide loans at the low rates to Security Transaction Tax the small and micro enterprises with less than
10 lakh credit requirement. Commercial The tax paid on the transaction of securities
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listed in the stock market. It is levied on Interest Rate Risk shares, debentures, derivatives and equity mutual funds. This tax was introduced in 2004 The bond owner bears the risk arises due to to stop the avoidance of capital gain tax. Off the fluctuation in interest rates. market share transaction are excluded from Fiscal Deficit Security transaction tax. When government spends more than its Capital Gains Tax income then it is termed as fiscal deficit. The difference between total expenditure and The tax imposed on the profit earned on sale revenue receipts and non-debt capital of capital asset. Capital asset is classified in receipts amounts to fiscal deficit. two categories - Long term capital asset and short-term capital asset. Primary Deficit
• Long term capital asset - Period It is calculated by deducting interest exceeding 36 months before transfer payments from fiscal deficit. of securities or shares. Capital gain Revenue Deficit tax on this asset on securities exceeding Rs. 1 lakh is 10%. When there is a difference between expenditure and revenue it is termed as • Short term capital asset - Period not revenue deficit. more than 36 months before transfer of securities or shares. Capital gain Monetized Deficit tax on this asset is 15%. When government take help from RBI to Advance Pricing Agreements reduce expenditure and finance the debt obligation. It is the sum of RBI contribution to An agreement which is signed between market borrowings of government and net taxpayer and tax authority in advance on the increase in holdings of RBI. RBI generally transactions over a fixed period. It was prints money to finance government deficits. introduced by Finance Act 2012 to bring certainty in tax laws. Revenue Deficit
Fiscal Consolidation When there is a difference between revenue expenditure and revenue receipts, revenue The process by which government reduce deficit occur. their deficits and accumulation of debts. Current Account Deficit FRBM is process by which reduction in fiscal deficit is done to achieve fiscal consolidation. When there is difference between the imports and exports of goods and services between Fiscal Policy countries, the situation is called current The policies made by government which deals with the taxation and spendings of higher than earning as compare to the other government. It changes every year and countries. focuses on growth of economy. Capital Budget Monetary Policy Capital budget consists of capital receipt and It is a tool used by central bank to regulate expenditure. It is also known as capital money supply in economy. Interest rates and account. It shows the how capital is managed credit ratios are the policy instruments of and spent. monetary policy. It focuses on economic Custom Duties stability.
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The duties or tax imposed on the products Vote on Account which are exported from and imported in India. Increase in custom duty will encourage When there is requirement to withdraw domestic production. money from the consolidated fund of India there is a need to obtain vote on account by Bull Market government from parliament or legislature.
This is the term related to stock market. A bull Guillotine market is a market where prices are rising or expected to rise. It shows market is strong When the period of the discussion on and positive. demands for grants is over, speaker passes guillotine motion so that all the remaining Bear Market demands for the grant are put to vote at once.
Bear market is opposite of bull market. It is Minimum Alternate Tax when market prices are falling. In the long run it shows rise in unemployment and recession It is a kind of direct tax which is imposed on in economy. zero tax companies at 18.5% interest rate.
Inflation Risk Public Account of India
Due to inflation the change in purchasing It is constituted under article 266(2) of power, there is the chance that cash flow constitution. Public account contains all the in future. money other than consolidated fund of India. It is also known as purchasing power risk. There is no need of parliament approval to withdraw money from fund. Examples: - Direct Tax Provident Fund and Small Saving Funds.
Direct taxes are paid directly by the person on Contingency Fund of India whom it is imposed. Examples - Income tax, Wealth tax, Gift tax, Property tax etc. It is maintained to meet the emergency requirements. It is placed at the disposal of Indirect Tax the President to enable him/her to make advances to meet urgent unforeseen The tax which is imposed on producers or expenditure, pending authorization by the traders but ultimately paid by consumers. For Parliament. example - sales tax, excise etc.
46. International Organisations & Headquarters
International HQs Aviation Organization) Organizations ICJ (International Court of The Hague Justice) Amnesty international London ILO (International Labor Geneva APEC (Asia Pacific Singapore Organization) Economic Forum) IM (International Maritime London ASEAN (Association of Jakarta Organization) South East Asian Nations) IMF (International Washington Commonwealth of Nations London Monetary Fund) EU (European Union) Brussels International Standards Geneva FAO (Food and Rome Organizations Agricultural Organization) NAM (Non-Aligned New York/ IAEA (International Atomic Vienna Movement) Istanbul Energy Agency) NATO (North Atlantic Brussels ICAO (International Civil Montreal Treaty Organization)
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OECD (Organization for Paris UNESCO (United Nations Paris Economic Cooperation Educational scientific and and Development) cultural Organization) OPEC (Organization of Vienna UNFCCC (United Nations Germany Petroleum Exporting Frame Convention on Countries) Climate Change) SAARC (South Asian Kathmandu UNFPA (United Nations New York Association for Regional Population Fund) Cooperation) UNHCR (United Nations Geneva Transparency International Berlin High Commissioner for UNAEC (United Nations New York Refugees) Atomic Energy UNICEF (United Nations New York Commission) UNAIDS (Joint United Geneva UNO (United Nations New York Nations Programme on Organization) HIV/ AIDS) WHO (World Health Geneva UNCDF (United Nations New York Organization) Capital Development WMO (World Metrological Geneva Fund) Organization) UNCTAD (United Nations Geneva World Bank Washington Conference on Trade and World Intellectual Geneva Development) Property Org. UNODC (United Nations Vienna WTO (World Tourism Madrid Office on Drugs and Organization) Crimes) UNDP (United Nations New York Development Programme) UNEP (United Nations Nairobi Environment Programme)
47. Rivers, Dams & States
State Name River Name Chamera Dam Ravi River Jammu Baglihar Dam Chenab River Andhra Somasila Dam Pennar River and Dumkhar Indus River Pradesh Srisailam Dam Krishna River Kashmir Hydroelectric Gujarat Ukai Dam Tapti River Dam Dharoi Dam Sabarmati Uri Jhelum River River Hydroelectric Kadana dam Mahi River Dam Dantiwada Dam Banas River Jharkha Maithon Dam Barakar River Sardar Sarovar Narmada nd Chandil Dam Swarnarekha Dam (Narmada River River Dam) Panchet Dam Damodar Himach Bhakra Nangal Sutlej River River al Dam Karnata Tunga Bhadra Tungabhadra Pradesh ka Dam River and Linganamakki Sharavathi Punjab dam River Border Kadra Dam Kalinadi Himach Pandoh Dam Beas River River al Nathpa Jhakri Satluj River Alamatti Dam Krishna River Pradesh Dam Supa Dam Kalinadi or
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Kali river Panshet Dam Ambi River Krishna Raja Kaveri River Mula Dam Mula river Sagara Dam Kolkewadi Dam Vashishti Harangi Dam Harangi River River Girna Dam Girana river Narayanpur Krishna River Vaitarna Dam Vaitarna river Dam Khadakwasla Mutha River Kodasalli Dam Kali River Dam Kerala Malampuzha Malampuzha Gangapur Dam Godavari Dam River river Peechi Dam Manali River Telanga Radhanagari Bhogawati Idukki Dam Periyar River na Dam River Kundala Dam Kundala Lower Manair Manair River Lake Dam Parambikulam Parambikula Mid Manair Dam Manair River Dam m River and SRSP Walayar Dam Walayar Flood Flow River Canal Mullaperiyar Periyar River Upper Manair Manair River Dam Dam and Kudlair Neyyar Dam Neyyar River River Madhya Barna Dam Barna River Singur dam Manjira River Pradesh Bargi Dam Narmada Nizam Sagar Manjira River River Dam Bansagar Dam Sone River Odisha Indravati Dam Indravati Gandhi Sagar Chambal River Dam River Hirakud Dam Mahanadi Mahara Yeldari Dam Purna river River shtra Ujani Dam Bhima River Tamil Vaigai Dam Vaigai River Pawna Dam Maval River Nadu Perunchani Dam Paralayar Mulshi Dam Mula River River Koyna Dam Koyna River Mettur Dam Kaveri River Jayakwadi Dam Godavari Uttarak Tehri Dam Bhagirathi River hand River Bhatsa Dam Bhatsa river Dhauli Ganga Wilson Dam Pravara River Dam Tansa Dam Tansa river
48. Famous Temples
Temple Year Place Built By Nadu Suchindra 17th Kanyakum Nambudiri Virupaksha 7th Hampi, Queen m centu ari, Brahmins Temple centu Karnataka Lokhama- Temple ry Tamil ry hadevi Nadu Meenakshi 1623- Madurai Vishwana Vitthala 15th Hampi, King Temple 1655 Tamil ntha Temple centu Karnataka Devaraya CE Nadu Nayakar ry II Ramanatha 7th Rameshwa Pandya & Brihadesh 11th Thanjavur, Raja Raja swamy 8th ram Jaffna wara centu Tamilnand Chola Temple centu Island, Kings Temple ry u I ry Tamil Airavatesw 12th Darasuram Rajaraja
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ara centu Chola Stupa centu Madhya Temple ry II ry Pradesh Venkatesw 300 Tirumala, King BC ara AD Andhra Thondaim Siddhivina 18th Prabha Temple Pradesh an yak centu Devi, Kashi 1780 Varanasi, Ahilya Bai Temple ry Mumbai Vishwanat Uttar The 1577 Amritsar, Guru h Pradesh Golden Punjab Ram Das Lord 1611 Puri, Indrady- Temple Jagannath Odisha umna Mahabodh 3rd Bihar Ashoka Temple i centu Vaishno Jammu Temple ry Devi B.C Temple Kamakhya 8th- Nilachal Somnath Gujarat Moon Temple 17th Hill, God centu Guwahati Shirdi Sai 1922 Shirdi, ry Baba Maharasht Amarnath Jammu Natural Temple ra Cave and formation Badrinath 9th Uttarakhan Adi Temple Kashmir centu d Shankara Yamunotri 19th Uttarkashi, Maharani ry Temple centu Uttarakhan Gularia C.E ry d Kedarnath 8th Garhwal Pandavas Gangotri 18th Uttarkashi, Amar centu area Temple centu Uttarakhan Singh ry Uttarakhan ry d Thapa d Konark 13th Odisha Narasimh Sun centu a Temple ry deva Sanchi 3rd Raisen, Asoka
49. Stadiums in India
Name City/Location Cooperage Football Mumbai Stadium Aishbagh Stadium Bhopal Dadaji Kondadev Stadium Thane Baichung Stadium Namchi Dhyan Chand National Delhi Bakshi Stadium Srinagar Dr. Bhupen Hazarika Guwahati Barabati Cuttack Dr. Y.S. Rajasekhara Reddy Visakhapatnam Barkatullah Khan Jodhpur Aca-vdca Cricket Stadium Barkatullah University Bhopal Dy Patil Navi Mumbai Stadium Eden Gardens Kolkata Biju Patnaik Hockey Rourkela Ems Stadium Kozhikode Stadium East Bengal Ground Kolkata Birsa Munda Athletics Ranchi East Coast Railway Stadium Bhubaneswar Brabourne Mumbai Fatorda Stadium Margao Buddh International Circuit Greater Noida Feroz Shah Kotla Delhi Captain Roop Singh Gwalior Gandhi Stadium Jalandhar Stadium Gangotri Glades Cricket Mysore CB Patel International Surat Ground Cricket Stadium Gmc Balayogi Athletic Hyderabad Chennai Jawaharlal Nehru Chennai Stadium
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Greater Noida Cricket Greater Noida Cricket Stadium Stadium Mohammedan Sporting Kolkata Green Park Stadium Kanpur Ground Guru Gobind Singh Stadium Nanded Moti Bagh Stadium Baroda Guru Nanak Stadium Ludhiana Moin-ul-haq Patna Holkar Cricket Indore Nehru Stadium Indore Stadium New Bangalore Football Bangalore IPCL Sports Complex Baroda Stadium Ground Paljor Stadium Gangtok Indira Gandhi Solapur Punjab Cricket Association Mohali International Hockey Rajnandgaon IS Bindra Stadium Stadium Rabindra Sarobar Stadium Kolkata JSCA International Cricket Ranchi Rajiv Gandhi International Dehradun Stadium Stadium Kanchenjunga Stadium Siliguri Rajiv Gandhi Port Silver Visakhapatnam KD Singh Babu Stadium Lucknow Jubilee Keenan Stadium Jamshedpur Salt Lake Stadium Kolkata Khuman Lampak Main Imphal Sardar Vallabhbhai Patel Ahmedabad Stadium Stadium KIIT Stadium Bhubaneswar Satindra Mohan Dev Silchar Lal Bahadur Shastri Hyderabad Stadium Lucknow International Lucknow Sawai Mansingh Jaipur Stadium Sector 42 Stadium Chandigarh Jawaharlal Nehru Kochi Sher-i-Kashmir Stadium Srinagar Jawaharlal Nehru New Delhi Shaheed Veer Narayan Raipur Lal Bahadur Shastri Hyderabad Singh International Lucknow International Lucknow Trivandrum International Trivandrum Cricket Stadium Stadium M. Chinnaswamy Bangaluru Tau Devi Lal Stadium Gurgaon Ma Chidambaram Chennai YS Raja Reddy Stadium Kadapa Madhavrao Scindia Rajkot Vidarbha Cricket Nagpur Maharashtra Cricket Gahunje (Pune) Association Stadium Association Wankhede Mumbai Mangalagiri International Mangalagiri
50. Boundary Lines
• Radcliffe Line - This is the boundary line between India and China and it line between India and Pakistan. It was drawn by Sir Henry McMahon. was drawn by Sir Cyril Radcliffe on • Marginal Line - This line was drawn 17th August 1947 because of the up by General Mannerheim between separation between the two Russia-Finland border. It is a 320-km countries. line of fortification. • Durand Line - This demarcates the • Maginot Boundary Line - This boundary of Pakistan and boundary line demarcates France and Afghanistan. Germany • Hindenburg Line - This is the • Oder-Neisse Line - This line was boundary dividing Poland and drawn between Poland and Germany Germany. after the second World War. • McMahon Line - It is the boundary • 8th Parallel - It is the boundary
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between North and South Korea. • Siegfried Line - It is the boundary between Germany and France. • 49th Parallel - This represents the boundary between Canada and USA. • 24th Parallel - Pakistan feels that this should be the actual line between • Mannerheim Line - This line India and Pakistan. However, India demarcates Russia and Finland. does not approve of this. • Mason-Dixon Line - It is a line of • 17th Parallel - It defined the demarcation between four states in boundaries between North and South the United State. Vietnam before they unit