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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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Age Limits in Indian Constitution

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65 years upper age limit for appointment as a

judge of Supreme Court (Article 124)

Attorney General ( Article 76 (1))

Comptroller General ( Article 148)

member of Public Service Commission ( Articles 315 to 323 of Part XIV)

62 years upper age limit for appointment as a

judge of High court ( Article 141)

Advocate General ( Article 165)

member of State Commission

35 years minimum age for election to the post of

President( Article 52)

Vice-President ( Article 63)

Governor ( for each state) Articles 153 of the Constitution of India).

30 year minimum age for election of

MP (Rajya Sabha)

MLC

25 years minimum age for election of

MP (Lok Sabha)

MLA

21 years minimum marriageable age for

a male

18 years minimum marriageable age for

 a female.

14 years minimum age limit for employment in

a factory

For 6 to 14 years of age

education has been made a fundamental.


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By Victor S. Fischer

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