✍️ 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...
Indo Greeks First to invade India were the Greeks who were called Indo-Greeks. The most famous Indo- Greek ruler was Menander with his Capital at Sakala in Punjab (Modern Sialkot) The Indo-Greeks were the first to issue gold coins in India. Menander was converted into a Buddhist by Buddhist monk Nagasena (Nagarjuna) Demitrius, the king of Bacteria invaded India about 190BC. He is considered as Second Alexander (But the Indian ruler who accepted the name second Alexander (Sikandar-i-sani) was Alauddin Khilji) Indo-Greeks were the first to introduce military governorship in India. Kushan Empire Kujula Kadphises is considered to be the founder of Kushan Empire. He established the kingdom by unifying the disparate Yuezhi tribes of ancient Bactria in the early 1st century AD and expanded its territory of present day Afg...