Category Archives: Economy

Indian Economy articles for competitive examination

Important Terms Related to Banking

By | March 9, 2016

Reserve Bank of India (RBI) may control money supply in the market through following operations: Bank Rate Policy Open Market Operations (OMO) Cash Reserve Ratio (SRR) Statutory Liquidity Ratio Liquidity Adjustment Facility operating through Repo and Reserve Repo. Selective Credit Controls Moral Suasion Bank Rate Bank Rate has been defined as the standard rate at which RBI is… Read More »

Security Printing & Minting Corporation of India Ltd. (SPMCIL)

By | March 9, 2016

Security Printing & Minting corporation of India Ltd. (SPMCIL), a wholly owned company of Government of India, was incorporated in January 2006 with its headquarters in New Delhi. It is a miniratna status public sector undertaking (PSU) and is engaged in the manufacture of security paper, printing of currency and black notes, non-judicial stamp papers, postage stamps, travel… Read More »

Non-Banking Financial Company (NBFC)

By | February 12, 2016

A non-banking financial company (NBFC) is a company registered under the Companies Act, 1956 and is engaged in the business of loans and advances, acquisition of shares/stock/bonds/debentures/securities issued by Indian government or local authority or other securities of like marketable nature, leasing, hire-purchase, insurance business, chit business, but does not include any institution whose principal business is that of agriculture activity, industrial… Read More »

Source of Revenue for Central Government and State Government

By | November 18, 2015

1. Source of Revenue for Central Government Source of Tax Revenue for Central Government: It includes taxes on certain items mentioned in the Union List of the seventh schedule and others. Source of Non Tax Revenue for Central Government: It includes Borrowings Income of government undertaking Income for government properties Interest earning on loans and advances Gifts, donations,… Read More »

About Reserve Bank of India (RBI)

By | July 23, 2015

The Reserve Bank of India (RBI) was established on April 1, 1935 in accordance with the provisions of the reserve bank of India Act, 1934. RBI was established with 5 crore as its capital as private shareholders bank. RBI was nationalised on January 1, 1949.  The central office of the Reserve Bank of India was initially established in… Read More »

Monitorable Socio-Economic Targets of Eleventh Five Year Plan

By | March 24, 2015

Monitorable Socio-Economic Targets of the eleventh Five Year Plan (2007-12) are Income & Property, Education, Health, Women and Children, Infrastructure and Environment. Income and Property: Accelerate growth rate of GDP from 8% to 10% and then maintain at 10% in the 12th Plan in order to double per capita income by 2016-17. Increase agricultural GDP growth rate to… Read More »