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banking terms

By Victor S. Fischer
  ✍️ CRR Cash Reserve Ratio is the minimum fraction of total deposits of a bank’s customers that banks have to hold as reserves with the central bank. ✍️ SLR Statutory Liquidity Ratio is the ratio of liquid assets to the net demand and time liabilities. ✍️ LAF Liquid Adjustment Facility is a tool to allow banks to borrow money through repurchase agreements. It consists of repo and reverse repo operations. ✍️ MSF Marginal Standing Facility allows scheduled banks to borrow funds overnight from RBI against approved government securities. ✍️ MSS Market Stabilization Scheme is a monetary policy intervention by RBI to withdraw excess liquidity by selling government securities in the economy. ✍️ OMO Open Market Operations refers to the buying and selling of government securities in the open market so as to expand or contract the amount of money in the banking system. ✍️ REPO Repo...
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Question and Answers on GST

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Question No.1:

What kind of Taxes will GST replace?
  1. Central Excise Tax
  2. Service Tax
  3. Entertainment Tax
  4. All the types of taxes
Answer: GST will remove or replace all the types of taxes that will include Entry Tax, Luxury Tax, Purchase Tax, Octrol, Service Tax, Central Excise Tax etc on goods and services.

Question No: 2
What does G stands for in GST?
  1. General
  2. Global
  3. Goods
  4. Great
Answer: G in GST stands for Goods and Service Tax Bill

Question No: 3
What is GST officially called?
GST is also known as The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2014

Question No: 4
To what percent there will be economic growth in the country with the help of GST?
The economic growth will be 1- 1.5% per year

Question No: 5 
What industries will GST benefit?
GST will benefit Trade and agriculture industry the most

Question No: 6
Will GST benefit Importers OR Exporters?
GST will benefit exporters more than importers.

Question No: 7
Which areas will be benefitted more by GST?
GST will be more advantageous to small traders and entrepreneurs

Question No: 8
Will Common Consumers be benefited from GST?
Yes, it will also be advantageous for the common customers.

Question No: 9 
What are the two types of GST? 
Central GST and State GST’

Question No: 10
What is Dual GST?
Dual GST will help in maintaining the Fiscal Federalism for both the central and state government.

Question No: 11
What type of Taxes comes under the GST?
Indirect taxes comes under the GST

Question No: 12
What is the basic need of GST to be implemented successfully?
The Revenue Fairness of Both State and Union is required.

Question No: 13
What is Threshold Exemption from GST?
It is created to keep small traders away from the tax net

Question No: 14
What will be the status of cross utilization of goods and services to be allowed under GST? 
Yes, cross utilization of goods and services to be allowed under GST

Question No: 15
What is the name of Committee organized for taking judicial measures for CGST and SGST?
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banking terms

By Victor S. Fischer
  ✍️ CRR Cash Reserve Ratio is the minimum fraction of total deposits of a bank’s customers that banks have to hold as reserves with the central bank. ✍️ SLR Statutory Liquidity Ratio is the ratio of liquid assets to the net demand and time liabilities. ✍️ LAF Liquid Adjustment Facility is a tool to allow banks to borrow money through repurchase agreements. It consists of repo and reverse repo operations. ✍️ MSF Marginal Standing Facility allows scheduled banks to borrow funds overnight from RBI against approved government securities. ✍️ MSS Market Stabilization Scheme is a monetary policy intervention by RBI to withdraw excess liquidity by selling government securities in the economy. ✍️ OMO Open Market Operations refers to the buying and selling of government securities in the open market so as to expand or contract the amount of money in the banking system. ✍️ REPO Repo...
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By Victor S. Fischer
THE GOVERNOR The Governor is the  De   Jure  executive head at the state level. His position is analogous to that of the President at the centre. The Governor is appointed by the president. To be appointed as the Governor of any state or two or more states as person (a) Should be a citizen of India. (b) And should have attained 35 years of age. He should not hold any office of profit as well. Like the President, the governor is also entitled to a number of immunities and privileges. During his term of office, he is immune from any criminal proceedings, even in respect of his personal acts. The oath  - is administered by the chief justice of the corresponding state high court and in case he’s absent, the senior-most judge of that particular court. A governor holds office for a term of  five years  from the date on which he enters upon his office. He holds office until the pleasure of the President and he of...
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complete detail of census 2011

By Victor S. Fischer
Census is nothing but a process of collecting, compiling, analyzing, evaluating, publishing and disseminating statistical data regarding the population. It covers demographic, social and economic data and are provided as of a particular date. Census is useful for formulation of development policies and plans and demarcating constituencies for elections. The Census of India has been conducted 15 times, As of 2011. It has been conducted every 10 years, beginning in 1871. In Exam point of view, Questions related to Census is very common in all kinds of competitive exams. In every exam, we can expect a minimum of one or two questions from Census. Here is the simple and perfectly categorized 2011 Census of India. 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 Independece The motto of census 2011 was “Our Census, ...
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