Skip to main content

Translate Your Page

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...
Post a Comment

Qualifications for being a member of Lok Sabha

Image
Lok Sabha is composed of representatives of the people chosen by direct election on the basis of the adult suffrage. The maximum strength of the House envisaged by the constitution is 552, which made up by election up to 530 members to represent the States, up to 20 members to represent the Union Territories and not more than two members of Anglo- Indian Community to be nominated by the Hon’ble President, if, in his/her opinion, that community is not adequately represented in the House.  The total elective membership is distributed among the States in such a way that the ratio between the number of seats allotted to each State and the Population of the State is, so far as practicable, the same for all States.

Qualifications for being a member of Lok Sabha

The qualifying age for membership of Lok Sabha is25 years.

He / She should be a citizen of India.

He/ She possesses such other qualifications as may be prescribed in that behalf by or under any law made by Parliament.

He / She should not be proclaimed criminal i.e. they should not be a convict, a confirmed debtor or otherwise disqualified by law.

He / She should have his/ her name in the electoral rolls in any part of the country.



However, a member can be disqualified for being a member of Parliament:

If he/ she holds the office of profit

If he/she is of unsound mind and stands so declared by the competent court

If he/ she is not a citizen of India, or has voluntarily acquired the citizenship of a foreign state, or is under any acknowledgement of allegiance or adherence to a foreign state

If he/ she is violating party discipline

Lok Sabha, unless sooner dissolved, continues for five years from the date appointed for its first meeting and the expiration of the period of five years operated as the dissolution of the House. However, while a proclamation of emergency is in operation, this period may be extended by Parliament by law for a period not exceeding one year at a time and not extending, in any case, beyond a period of six months after the proclamation has ceased to operate.

Lok Sabha elects one of its own members as its Presiding Officer and he is called the Speaker. He is assisted by the Deputy Speaker who is also elected by Lok Sabha. The conduct of business in Lok Sabha is the responsibility of the Speaker.


Labels:
By Victor S. Fischer

Comments

Post a Comment

Popular Posts

GOVERNOR, CHIEF MINISTER, STATE COUNCIL OF MINISTERS and STATE LEGISLATURE

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...
Post a Comment
Show Full Post»

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, ...
Post a Comment
Show Full Post»

Gupta Empire and it's Details

By Victor S. Fischer
Gupta Empire The start of Gupta Empire is considered by many historian from the reign of  Maharaja Shrigupta . Chandragupta-I  was the first powerful ruler of Gupta Empire and ascended the throne in 320 AD. The Gupta Period from 320 AD to 550 AD is also known as  the Golden Age of India . In the Gupta period India attained the peak of glory in every aspects starting from science, art, literature, mathematics, astronomy and philosophy. Emperors of Gupta Empire Shrigupta and Ghatotkacha. The reign of Maharaja Shrigupta (240 AD to 280 AD) is considered by many historians to be the starting point of Gupta Empire. Ghatotkacha succeeded his father Shrigupta and ruled from 280AD to 319 AD. Chandragupta I Chandragupta I  was the  son of Ghatotkacha  and succeeded his father. He was the first powerful king of the dynasty. He ruled the Empire from 320 AD to 335 AD. Chandragupta I adop...
Post a Comment
Show Full Post»