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  • What are the main functions of Reserve Bank of India

    Reserve Bank of India (RBI) is the supreme monetary authority of India. This organization is responsible for printing of currency notes and managing the supply of money in the Indian economy. RBI works as a custodian of foreign reserve, banker’s bank, banker to the government of India and controller of credit.

    17 hrs ago
  • Anti Poverty & Employment Generation Programmes in India

    As per the estimation by the Tendulkar Committee the number of Below Poverty Line (BPL) declined to 21.9% of the population in 2011-12 from 29.8% in 2009-10 and 37.2% in 2004-05.

    3 days ago
  • Universal Basic Income (UBI): Definition, Features, Advantage and Disadvantages

    Universal Basic Income (UBI) is a model for providing a sum of money to all citizens of a country or other geographic area with a given sum of money, regardless of their income, employment status. The purpose of the UBI is to prevent or reduce poverty and increase equality among citizens.

    Apr 15, 2019
  • How to link your Aadhar with PAN Card?

    The last date for linking Aadhaar with PAN has been extended from 31st March 2019 to 30th September 2019. In this article we have explained that how a person can link his/her Aadhar card with PAN card.

    Apr 12, 2019
  • What is the Meaning and Purposes of Deficit Financing?

    When the revenue of the government is shorter than its expenditure then this situation is dealt by printing more currency, buying from public and foreign institution. This temporary arrangement of the money is known as the deficit financing.

    Apr 9, 2019
  • How National Highways are named in India

    National Highways Authority of India (NHAI; was set up in 1988) is responsible for development, maintenance and management of Highways in India. India has the second largest road network across the world. The total length of Natioanl Highways in increased from about 91,287 km in 2014 to about 142,126 km in 2019.

    Apr 9, 2019
  • What is FAME II Scheme of India?

    FAME (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles) India was a scheme launched in April, 2015 under National Electric Mobility Mission (NEMM). FAME Scheme India phase II is expanded scheme of FAME phase I and also aims to encourage faster adoption of Electric and hybrid vehicle. Also, to establish a necessary charging infrastructure for electric vehicles. Let us study about FAME and FAME phase II scheme of India, its significance, features, etc

    Apr 8, 2019
  • Merit and Non Merit Goods: Meaning, differences and Examples

    Merit goods and services are those goods which are promoted by the government. Government wants to promote the consumption of these goods to increase the welfare of the society. On the other hand non merit goods and services are those which are harmful for the society so government want to check the consumption of the non merit goods.

    Apr 5, 2019
  • The Monetary Policy Committee (MPC): Composition and Objectives

    The 6 member Monetary Policy Committee (MPC) constituted by the Central Government as per the Section 45ZB of the amended RBI Act, 1934. The first meeting of the MPC was held on October 3 and 4, 2016. This committee decides various policy rates like Repo rate, Reverse repo rate, MSF and Liquidity Adjustment Facility etc.

    Apr 4, 2019
  • Why Rupee is falling against Dollar currently?

    At the time of India's independence, the value of one dollar was equal to one rupee but in the June 2018, the value of Indian rupee against the US dollar has reached its lowest level at Rs.72.51 per dollar. In this article, we explained the reasons behind the depreciation of Indian Rupee in the current months.

    Apr 2, 2019
  • What is the Sector-wise contribution of GDP in India?

    Services sector is the largest sector of India. Services sector accounts for 53.66% of total India's GVA of Rs. 137.51 lakh crore. Industrial sector is at the second spot and contributing around 31% of the Indian GDP. Agriculture sector is at the third spot and contributing around 16% of the Indian GDP.

    Apr 2, 2019
  • Impacts of Green Revolution on India

    In the latter half of the Second Five Year Plan, planners suggested ways and means to increase agricultural production and productivity. So the government introduced an intensive development programme in seven districts selected from seven States around 1966-67, known as Green Revolution in India.

    Apr 1, 2019
  • What is RBI's Monetary Policy: Objectives & Instruments

    The monetary policy refers to a regulatory policy whereby the central bank (RBI in case of India) maintains its control over the supply of money to achieve the general economic goals. Reserve Bank of India (RBI) is the sole authority which prints and supplies the currency in the whole country. Coins are minted by the ministry of Finance but supplied by the RBI. Main instruments of the monetary policy are: Cash Reserve Ratio, Statutory Liquidity Ratio, Bank Rate, Repo Rate, Reverse Repo Rate, and Open Market Operations.

    Apr 1, 2019
  • How Poverty Line is Determined in the Indian States?

    Suresh Tendulkar panel (in 2011-12) said that those who spend Rs. 27 in rural areas and Rs. 33 in urban areas are not poor. While an expert panel headed by former RBI governor C. Rangarajan said in a report submitted to the BJP government in July, 2014 that those spending over Rs 32 a day in rural areas and Rs 47 in towns and cities should not be considered poor.

    Apr 1, 2019
  • Structure of Banking Sector in India

    Reserve Bank of India is the Central Bank of our country. It was established on 1st April 1935 under the RBI Act of 1934. It holds the apex position in the banking structure. RBI performs various developmental and promotional functions. As of now 26 public sector banks in India out of which 21 are Nationalised banks and 5 are State Bank of India and its associate banks. There are total 92 commercial banks in India. Public sector banks hold near about 75% of the total bank deposits in India.

    Apr 1, 2019