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LOCATION:   Europe's second largest country, Ukraine is a land of wide, fertile agricultural plains, with large pockets of heavy industry in the east.  Ukraine  borders   Russia  to the east and northeast,  Belarus  to the northwest, 

Where it is? Hong Kong, officially known as  Hong Kong Special Administrative Region Of the People's Republic Of China,  is a region on the southern coast of China geographically enclosed by the Pearl River Delta and South China Sea. Why in NEWS? Umbrella Movement  or  Umbrella Revolution

The RBI is the sole authority for the issue of currency other than  one-rupee notes and coins and small coins which are issued by Government of India.  There are two separate departments:

Banking awareness subject is in limelight because of the space it is acquiring in recent bank and other govt. sector exams. As a non-commerce student, you don't need to do PhD in this subject. But you must be aware of basic structure of bank system on which it is thriving. I will try my level best to post the relevant material as per the demand of the recent exams. RESERVE BANK OF INDIA(RBI): RBI is the apex institution of  country's monetary system and financial system. History of RBI: In British India, there was no regulation on banks. By early 1930 there were more than 1200 banks in India and all without any regulation. Problems start with Great American Depression(1929) when share market and companies of US and Europe collapse which lead to decline in raw material import. Merchants in India were not able to pay the loan amounts due to this situation.(Note: At that time only big merchants and raw material exporters were given loans by banks). Indian banks started to ...

RBI regulates banks through Statutory Liquidity Ratio(SLR) and Cash Reserve Ratio(CRR). Let us understand these two terms but before that you should know: LIQUIDITY: Liquidity in case of 'assets' is its ability to be sold quickly. For instance if you have Rs 10 lac gold and equivalent amount of property, 10 lac gold is more "liquid" because you can quickly sell the gold in few days but for selling property you have to go through many procedures(paperwork and all). This would take more than 20 days. Hence not so liquid. Liquidity in terms of 'banking' is when bank has more money to give as loan than yesterday. For instance yesterday bank has Rs 10 lac to give as loan but today a customer deposits Rs 10 lac in the bank. Now bank has 10+10= Rs 20 lac to give as a loan. This we can say, liquidity has increased. NET DEMAND AND TIME LIABILITIES(NDTL): Bank receives money from depositors, loan takers(through EMIs), online transfer, demand drafts etc. This tota...

1.Which one of the following countries has become first in handball history to win five world championships? [A]Germany [B]England [C]Qatar [D]France 2.Who among the following is the chairman of the External Advisory Committee (EAC) set up by RBI to evaluate application received for Payment banks? [A]Nachiket Mor [B]A R Khan [C]R Gandhi [D]Usha Tharot 3. Nicol David, who has set a new record by topping the world squash rankings for 106th month is from which country? [A]Russia [B]Singapore [C]Afghanistan [D]Malaysia 4.Nobel Prize winner Charles Townes, who passed away recently, was associated with which one of the following inventions? [A]Laser [B]X-rays [C]Xerox [D]ECG 5.The Fajr (Dawn) satellite, is an observation satellite launched by which one of the following countries, recently? [A]Mexico [B]Iran [C]Taliban [D]North Korea 6. Which of the following Asian countries celebrate its Independence Day on 4th February? [A]Cambodia [B]Bahrain [C]Sri Lanka ...

In the last blog, you came to know how to make good use of newspaper for Current Affairs. In this blog we will discuss on how to increase your speed of reading newspaper. Lack of speed in reading is suicidal. You are wasting precious time just because you read altogether too slowly. But no need to worry. Good thing is you can increase your speed. Actually you can double your speed of reading! But first of all, you need to know the reasons behind your slow reading habit. There may be many reasons but chiefly there are three: Bad habits through years of wrong kind of practice. Defensive approach- you need to be aggressive with total concentration with your full capacity. Lack of mental interpretation causing unnecessary wastage of time. Now you know the main reasons behind your slow speed. It is time to measure it. Take a comprehension from anywhere like newspaper or magazine. Set the stop watch or clock and start reading the comprehension as you normally do without taking into...