✍️ 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...
(1) Article 52 – There shall be a President of India (2) Article 53 – Executive power of the Union: The executive power shall be vested in the President and shall be exercised by him either directly or through officers’ sub-ordinate to him. (3)He is the supreme commander of the defence forces in India. (4)Though he’s only the constitutional head, or titular head, de jure head or nominal executive or just a symbolic head. Election of the President 1. The President shall be elected by the members of an ELECTORAL COLLEGE consisting of: (a)The ELECTED MPs (b)The ELECTED MLAs of the states (c)The ELECTED MLAs of National Capital territory of Delhi (added by 70 th Amendment Act, 1992 and with effect from 1-06-1995) and Union territory of Puducherry. 2. Thus, nominated members of parliament and legislative assemblies and membe...