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banking terms

  ✍️ 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...

complete detail of census 2011

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, ...

E-commerce: Meaning, Advantages and Disadvantages

E-commerce or electronic commerce simply refers to carrying out business transactions over the internet. Just like in conventional businesses, this type of trade has all the aspects of a business transaction such as buying, selling, and payments. The major difference is that this business model is based on electronic transactions. In e-commerce, companies set up stores on the internet and provide user interfaces that allow for the purchase and selling of merchandise. There is no physical contact between the seller and the buyer since purchases are done online. E-commerce adopts the use of technology to meet customer demands and settle transactions. In this business model, an entrepreneur does not need to have a physical premise; only a store for keeping commodities. Advantages of e-commerce 1. Enhances convenience: Customers can make orders for goods at their own convenience and from the comfort of their homes without having to travel to the business premise. Orders are also delivere...

Partnership: Meaning, Advantages and Disadvantages

Meaning of Partnership A partnership occurs when several people work together for a common aim. Partnership means engaging with one’s partner. A partnership usually involves two people, however, it can involve three or more. All of the people involved in the partnership are called ‘partners’. A partner is an associate. Working in partnership in business includes working together with other people to complete your business projects. A partnership can occur in various contexts. Business partnerships are common, for example. Usually, a business partner is a joint owner. These involve several business-people contributing financial resources and ideas for the good of a given business. However, romantic relationships can also be called partnerships. For instance, a spouse is a life partner. As you can see, then, partnerships can be formal or informal. They can be enshrined in law (like a business partnership) or they can be spontaneous or romantic. Working in partnership brings benefits ass...

GST (Goods & Services Tax) : Details & Benefits (In INDIA)

The present structure of Indirect Taxes is very complex in India. There are so many types of taxes that are levied by the Central and State Governments on Goods & Services. We have to pay ‘Entertainment Tax’ for watching a movie. We have to pay Value Added Tax (VAT) on purchasing goods & services. And there are Excise duties, Import Duties, Luxury Tax, Central Sales Tax, Service Tax.....😭😭😭😭😭😭😭😭😭 Intro It has been long pending issue to streamline all the different types of indirect taxes and implement a “single taxation” system. This system is called as GST ( GST is the abbreviated form of Goods & Services Tax). The main expectation from this system is to abolish all indirect taxes and only GST would be levied. As the name suggests, the GST will be levied both on Goods and Services. GST was first introduced during 2007-08 budget session. On 17th December 2014, the current Union Cabinet ministry approved the proposal for introduction GST Constitutional Amendment Bil...

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Idioms and phrases part II

26. Eat, sleep and breathe something - Meaning -  Being so enthusiastic and passionate about somehting that you think about it all the time. Example -  My son has recently learnt cycling. He eats, sleeps and breathes it now. 27. With bells on - Meaning -  When you are delighted and eager to go somewhere, you are said to go with bells on. Example -  The new year party at the beach is most awaited. I will be there - with bells on. 28. Fever pitch - Meaning -  When a feeling is very intense and exciting, it is said to be at a fever pitch. Example -  His love for music had reached a fever pitch before he became a world known musician. 29. Blood, sweat and tears - Meaning -  Something that requires a lot of effort and hard work. Example -  Being the team of Indian cricket team is not just a matter of luck for him, it is his blood, sweat and tears which has got him here. 30. Have on the brain - Meaning -  Thinking or talking about it all day long. Example -  He has just got engaged. Now, he ...

Blood safety and availability

Blood is needed every two seconds. Hospitals need blood for people who are injured, who undergo surgical procedures, organ transplants, cancer treatments, and treatment for other diseases that affect blood like sickle cell anemia and thalami. Blood can save life.    But the baddest side  is that  ability of blood is more less than in worldwide and if there where is blood that is quietly not safe due to improperly store and more reason.so I am presenting you the report of  WHO report of Blood safety and  availability .. Key Fact Of the 112.5 million blood donations collected globally, approximately half of these are collected in the high-income countries, home to 19% of the world’s population. In low-income countries, up to 65% of blood transfusions are given to children under 5 years of age; whereas in high-income countries, the most frequently transfused patient group is over 65 years of age, accounting for up to 76% of all transfusions. The blood donation rate in high-income countrie...

Idioms and phrases...

1. Acid Test: Meaning -  Acid test proves the effectiveness of something. Example -  I practiced hard at the dance sessions but the acid test will come when the master will assess our solo performances. 2. Cut the ground from under feet : Meaning -  When you cut the ground from under someone's feet, you do something which weakens their position. Example -  When team India hit more than 350 runs in the ODI, they cut the ground from under the opponent's feet. 3. Chase your tail: Meaning -  Spending a lot of time and energy doing a lot of things but actually achieving too little. Example -  He's been chasing his tail all week collecting data but the report is still not ready 4. Whole bag of tricks - Meaning -  Means trying all the clever means to achieve something. Example -  It was really difficult to find the information even after applying the whole bag of tricks. 5. Deliver the goods - Meaning -  Do what is expected or promised. Example -  I have given my car to a new mech...