GK for Banking

What is the significance of the images on the reverse side of Indian Currencies?

There will hardly be a country in the world that does not have its own currency. Almost every country puts image of important person/monuments on its currency notes. India is also not behind in this practice. Indian currency note have images of Mahatma Gandhi, the Red Fort, the Sanchi Stupa, farmers, tiger and elephants etc.

Kisan Credit Card Scheme: Eligibility, Objectives and Features

The Kisan Credit Card (KCC) scheme was introduced in 1998 to provide institutional credit to small farmers, marginal farmers and Self Help Groups.

Asian Development Bank: Functions and Assistance to India

Asian Development Bank (ADB) was established on Dec.19, 1966. The aim of this bank was to accelerate economic and social development in Asia and pacific region. The bank started its functioning on January 1, 1967. Its head quarter is located at Manila, Philippines. Its chairmanship is always given to Japanese and 3 deputy chairmen belong to USA, Europe and Asia.

List of Public Sector Banks which have highest share in NPA

Accordingly to RBI, with effect from March 31, 2004, a Non-Performing Asset (NPA) shall be a loan or an advance where; Interest or instalment of principal remains overdue for a period of more than 90 days in respect of a term loan.

Difference between Scheduled and Non-Scheduled Banks

Banking sector of India can be broadly divided into two major groups’ i.e. scheduled bank and Non-Scheduled Banks. Banks which have been included in the second scheduled of the RBI Act, 1934; are called the scheduled bank while non scheduled banks are not included in the second schedule of the RBI Act,1934.

List of Dadasaheb Phalke Award (1969-2018)

The Dadasaheb Phalke Awards is given annually at the National Films Awards which is India's highest award in cinema. The awardee is honoured for their "outstanding contribution to the growth and development of Indian cinema". Here, we are given the list of Dadasaheb Phalke Award (1969-2018) for the aspirants of different competitive examination which can be used as revision capsule.

What are the guidelines of RBI for ‘on tap’ licensing of Private banks?

The Reserve Bank of India (RBI) had issued guidelines for licensing of new banks in the private sector on February 22, 2013. Two main guidelines to open the bank are; the aspirant entity / group should have total assets of Rs.50 billion or more and the initial minimum paid-up voting equity capital for a bank shall be Rs.5 billion. In the other words; the bank shall have a minimum net worth of Rs.5 billion at all times.

What is the difference between payments banks and commercial banks?

In India the Payments Banks and the Commercial Banks both work as per the Banking Regulation Act, 1949, but still the work of commercial banks is much larger than the payments banks. The biggest difference between the payments banks and the commercial banks is that the commercial banks can accept any sum of amount as a deposit/customer, but payments banks can accept deposits upto maximum Rs. 1 lakh/customer.

What is FRDI Bill and how will it affect your bank deposits?

The Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 introduced in the Lok Sabha on August 10, 2017, is presently under the consideration of the Joint Committee of the Parliament. The FRDI will provide a comprehensive resolution framework to deal with bankruptcy situations in financial sector entities such as banks and insurance companies.

What is the New definition of Micro, Small and Medium Enterprises?

The MSMEs are classified as per the MSME Act-2006.Micro, Small and Medium Enterprises (MSMEs) are classified in two categories: Manufacturing Enterprises and Service Enterprises. Now MSESs are defined as per the “annual turnover" instead of investment in Plant & Machinery.

List of Chinese Funded Companies in India

India's largest purchasing power and huge market are attracting marketers from across the world. Among all the investors, Chinese investors and technology entrepreneurs comes with a Herculean investment in India’s start-up specialising in areas such as mobile gaming, education, healthcare, financial technology and Internet of Things (IoT) in India. Here, we are giving the list of Chinese Funded Companies in India (List of India’s Start-up Company funded by Chinese Investors) for general awareness (GK).

Economic Survey Report 2017-18: Key Facts

Finance Minister Arun Jaitley presented Economic Survey 2017-18 in both Houses of Parliament on January 29, 2018. The Economic Survey shows the condition of different sectors of the Indian economy. Through this survey, the economic condition of the country can be assessed properly. This survey is sought after by so many individuals and institutions like; students, policy makers, research scholars, IMF, World Bank, foreign governments and foreign investors etc.

List of Top 10 Products Exported from India

In 2017-18 (April- November) among the major sectors, there was good export growth in engineering goods and marine products; moderate growth in petroleum crude & products and agriculture & allied products. Economic survey 2017-18 mentions that engineering goods contribute around 26% in the total export of India followed by the Gems & Jewellery sector. This article is showing sector wise share and export growth rate in the financial year 2017-18.

6 Amazing Questions on Indian Budget You Never Knew

The Union Budget of India, which is known also as the ‘Annual financial statement’ in the Article 112 of the Indian Constitution. The first Union budget of independent India was presented by R. K. Shanmukham Chetty on November 26, 1947. Former Prime Minister Manmohan Singh and former finance minister Yashwant Sinha are the only two leaders who presented the Union Budget of India 5 times consecutively.

GK questions and answers on Indian Economy: Reserve Bank of India

Reserve Bank of India is the supreme monetary authority of India. It issues guidelines for all commercial banks in the country. In this article; a set of 10 questions based on the Reserve Bank of India is given. For the convenience of the aspirants, we have given answers and explanation of the questions.

20 most important facts about Goods and Services Tax for exams

Goods and Services Tax (GST) is an indirect tax which has been implemented in India on 1 July 2017. The main objective behind the implementation of this tax is to make a uniform tax system in the country. Due to the implementation of the GST, incidence of tax evasion will come down in the country. So GST will increase the total tax collection of the government. In this article, we are giving 20 key facts related to the goods and services tax (GST).

List of Public sector banks in India and their headquarters

This article is pointing the ‘List of Public sector banks' in India and their headquarters’ along with their taglines and year of establishment.This list will be very useful for the aspirants who are preparing for competitive exams like IAS/PCS/SSC and Banking etc.

List of Brand Ambassadors in India

Brand Ambassador is often called Corporate Ambassador who is appointed on the basis of popularity by an organization or company to represent a brand in a positive light. Here, we are giving the list of latest brand ambassadors in India and the brands/programmes associated with them.

List of the Major Islands of the World

An Island is a land mass (smaller than a continent) that is surrounded by water. There are three types of Island: Continental Island; Oceanic Islands; and Tropical Island. Here, we are giving a list of the Major Islands of the World that will help the readers for enhancing general knowledge.

List of Superlatives of World Geography

The Earth is only planet where life exists because of favourable atmosphere and Biosphere. It is covered around 70% by water and rest are the surface rises above sea level to form seven continent and countless smaller islands. Here, we are giving the list of Superlatives of World Geography for general awareness (GK).