Apps and Portals Launched by Banks

Apps and Portals Launched by Banks
Name of the App/Portal Launched by Purpose
AB TEJ Andhra Bank Mobile Banking App
AB e-Vyapar, Andhra Bank for merchants /shopkeepers to receive payments from customers
Airtel Money Axis Bank + Airtel Open no-frills savings account of Axis Bank
Alumni connect ICICI Bank Enables the retired and ex-employees in managing there relationship in terms of retieral benefits, PPF, FNF, Relieving letter
Barodapedia Bank of Baroda Facilitates employees of Bank to view bank's circulars on their mobile anytime anywhere.
Branch on wheels in Odisha ICICI Bank To provide banking services in remote villages
Batuaa’ Oriental Bank of Commerce Mobile Wallet
CanaraRecovery Canara Bank Launched for the bank employees to help them in loan recovery
Chillar App HDFC Bank To make banking through your mobile simple and convenient
Canada iMobile ICICI Bank Helps the customers to access their personal bank accounts.
DiYA Canara Bank To open savings account with CANARA BANK, from anywhere, just in 5 minutes.
DLite Karur Vysya Bank All-in-One App for both Financial and Non-Financial operations.
eMPower Allahabad Bank To avail non-financial and financial services on the go
e-Infobook Canara Bank To view e-passbook balance inquiry, A/C summary, Cheque Status,
e-Purse Corporation Bank One app for all banking needs
EASE Corporation Bank To take care of Customer’s daily need without visiting the Branch either for registration or for doing any routine transactions.
Freedom State Bank of India A safe, convenient and easy to use application with a host of features to help users manage your finances on the move.
GO Mobile+ IDBI Bank To view account statements or make a remittance on the go at their convenience
GENIE Punjab National Bank Single point destination for cardholders to operate their PNB Credit Card seamlessly and without hassles
iMuseum ICICI Bank Give user a glimpse of the rich history of ICICI Group in a form a history tour.
iStudio Voice ICICI Bank A voice conference solution where customized group can be created for group conference call, voice broadcast, SMS broadcast functionalities.
iTravelSafe ICICI Bank Help women colleagues in the time need, with panic button and tracking option which is supported by the Banks security team for timely assistance
iBizz
ICICI Bank
Mobile banking application for current account customers
IndPay Indian Bank Anywhere, any time banking for Indian Bank customers.
Kochi1 Card Axis Bank Provides the customers of the Kochi Metro a one-stop app for on-the-go ticketing experience
LIME Digital Wallet Axis Bank Offers Wallet, Shopping, Payments and Banking.
LUMOS E-learning App Development Credit Bank Provide online learning for DCB Bank employees.
#LeadTheNew ICICI Bank Initiative of HR for conducting event and a platform to engage with employee to communicate and socialize digitally in real-time.
m-invest Bank of Baroda Online wealth manager, delivered through a mobile app
M-Connect Plus Bank of Baroda Mobile Banking app of Bank of Baroda for Android
Maha Mobile Bank of Maharashtra Mobile Banking application to access your Bank Account
MahaSecure Bank of Maharashtra Rel-ID secured mobile banking application for Bank of Maharashtra users
mBandhan Bandhan Bank Mobile banking application, designed to meet the daily banking needs of the customers.
mServe Canara Bank To protect the interest of customers from fraudulent transactions
Mera iMobile ICICI Bank Mobile Banking Application
Money2India Europe ICICI Bank To send money to Europe
m-Pesa ICICI bank + Vodafone  A mobile money transfer service for all telecom subscribers
NETSECURE Axis Bank A two-factor authentication mechanism to provide added security to your online banking transactions.
FX Connect Portal Axis Bank Platform for transparent trading and booking online deals while tracking live forex markets.
Nanban Indian Overseas Bank Performing non-financial transactions.
No Queue State Bank of India Enable customers to book a Virtual Queue Ticket (e-Token) for select services at select SBI branches.
PayApt IDBI Bank To make "one click payment" directly from your smartphone
Pockets ICICI Bank Mobile wallet to Pay Anyone, Shop Anywhere and Bank with ease
PAYZAPP HDFC Bank A complete payment solution, giving you the power to pay in just One Click
Selfie Banking Andhra Bank For domestic resident Indian customers to open accounts on their own by using their Aadhaar Number and PAN Card.
Safe- T Andhra Bank To enhance the security of online transactions with additional authentication of One Time Password (OTP),
StarToken – NG Bank of India Official mobile banking app from Bank of India.
Saathi Canara Bank  To simplify the customer experience with Canara Credit Card
Saral State Bank of India SBI’s corporate internet banking based application for Business Entities
SECURE Yes Bank Mobile/Desktop Application to help generate OTP on mobile instead of receiving it through SMS and IVR/Email.
Universe on the move ICICI Bank Allows ICICI Bank's employees to complete work-place related transactions
Video Branch IndusInd Bank A service offered exclusively for all IndusInd Bank customers to connect with Branch Manager, Relationship Manager or
YONO (You Only Need One) State Bank of India Mobile Banking App

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Indian Financial System

Indian Financial System

The Indian Financial System is one of the most important aspects of the economic development of our country. This system manages the flow of funds between the people (household savings) of the country and the ones who may invest it wisely (investors/businessmen) for the betterment of both the parties.

This is an important topic with respect to the various Government exams conducted in the country, and aspirants must carefully consider going through this article and prepare themselves accordingly.

In this article, you shall know about what the Indian Financial system is, its components and how it helps in the economic growth of a country. Also, get some Sample Questions on Indian Financial System further below in this article.

Indian Financial System – An Overview

The services that are provided to a person by the various Financial Institutions like banks, insurance companies, pensions, funds, etc. constitute the financial system. 

Given below are the features of the Indian Financial system:

  • It plays a vital role in the economic development of the country as it encourages both savings and investment
  • It helps in mobilising and allocating one’s savings
  • It facilitates the expansion of financial institutions and markets
  • Plays a key role in capital formation
  • It helps forms a link between the investor and the one saving
  • It is also concerned with the Provision of funds
  • The financial system of a country mainly aims at managing and governing the mechanism of production, distribution, exchange and holding of financial assets or instruments of all kinds.

    Further below in this article, we shall discuss the various components of the financial system in India.

  • Components of Indian Financial System

    There are four main components of the Indian Financial System. This includes:

    1. Financial Institutions
    2. Financial Assets
    3. Financial Services
    4. Financial Markets

    Let’s discuss each component of the system in detail. 

    1. Financial Institutions

    The Financial Institutions act as a mediator between the investor and the borrower. The investor’s savings are mobilised either directly or indirectly via the Financial Markets. 

    The main functions of the Financial Institutions are as follows:

    • A short term liability can be converted into a long term investment
    • It helps in conversion of a risky investment into a risk-free investment
    • Also acts as a medium of convenience denomination, which means, it can match a small deposit with large loans and a large deposit which small loans

    The best example of a Financial Institution is Bank. People with surplus amounts of money make savings in their accounts, and people in dire need of money take loans. The bank acts as an intermediate between the two.

    The financial institutions can further be divided into two types:

    • Banking Institutions or Depository Institutions – This includes banks and other credit unions which collect money from the public against interest provided on the deposits made and lend that money to the ones in need
    • Non-Banking Institutions or Non-Depository Institutions – Insurance, mutual funds and brokerage companies fall under this category. They cannot ask for monetary deposits but sell financial products to their customers.

    Further, Financial Institutions can be classified into three categories:

    • Regulatory – Institutes that regulate the financial markets like RBI, IRDA, SEBI, etc.
    • Intermediates – Commercial banks which provide loans and other financial assistance such as SBI, BOB, PNB, etc. 
    • Non Intermediates – Institutions that provide financial aid to corporate customers. It includes NABARD, SIBDI, etc. 

    2. Financial Assets

    The products which are traded in the Financial Markets are called the Financial Assets. Based on the different requirements and needs of the credit seeker, the securities in the market also differ from each other. 

    Some important Financial Assets have been discussed briefly below:

    • Call Money – When a loan is granted for one day and is repaid on the second day, it is called call money. No collateral securities are required for this kind of transaction. 
    • Notice Money – When a loan is granted for more than a day and for less than 14 days, it is called notice money. No collateral securities are required for this kind of transaction.
    • Term Money – When the maturity period of a deposit is beyond 14 days, it is called term money.
    • Treasury Bills – Also known as T-Bills, These are Government bonds or debt securities with maturity of less than a year. Buying a T-Bill means lending money to the Government.
    • Certificate of Deposits – It is a dematerialised form (Electronically generated) for funds deposited in the bank for a specific period of time.
    • Commercial Paper – It is an unsecured short-term debt instrument issued by corporations.

    3. Financial Services

    Services provided by Asset Management and Liability Management Companies. They help to get the required funds and also make sure that they are efficiently invested.

    The financial services in India include:

    • Banking Services – Any small or big service provided by banks like granting a loan, depositing money, issuing debit/credit cards, opening accounts, etc. 
    • Insurance Services – Services like issuing of insurance, selling policies, insurance undertaking and brokerages, etc. are all a part of the Insurance services
    • Investment Services – It mostly includes asset management
    • Foreign Exchange Services – Exchange of currency, foreign exchange, etc. are a part of the Foreign exchange services

    The main aim of the financial services is to assist a person with selling, borrowing or purchasing securities, allowing payments and settlements and lending and investing. 

    4. Financial Markets

    The marketplace where buyers and sellers interact with each other and participate in the trading of money, bonds, shares and other assets is called a financial market. 

    The financial market can be further divided into four types:

    • Capital Market – Designed to finance the long term investment, the Capital market deals with transactions which are taking place in the market for over a year. The capital market can further be divided into three types:

             (a)Corporate Securities Market

             (b)Government Securities Market 

             (c)Long Term Loan Market 

    • Money Market – Mostly dominated by Government, Banks and other Large Institutions, the type of market is authorised for small-term investments only. It is a wholesale debt market which works on low-risk and highly liquid instruments. The money market can further be divided into two types:

             (a) Organised Money Market

             (b) Unorganised Money Market

    • Foreign exchange Market – One of the most developed markets across the world, the Foreign exchange market, deals with the requirements related to multi-currency. The transfer of funds in this market takes place based on the foreign currency rate.
    • Credit Market – A market where short-term and long-term loans are granted to individuals or Organisations by various banks and Financial & Non-Financial Institutions is called Credit Market
    • Sample Questions on Indian Financial System

      Given below are a few sample questions for the candidates to have an idea about the type of questions asked in the Government exams on the topic: Indian Financial System:

      Q 1. Which of these is not a type of Capital Market?

      1. Corporate Securities Market
      2. Government Securities Market
      3. Long Term Loan Market 
      4. All of the Above
      5. None of the Above

      Answer: (4) All of the Above

      Q 2. Which of these is not a type of Financial Assets?

      1. Cheque
      2. Call Money
      3. Notice Money
      4. Treasury Bill
      5. Commercial Paper

      Answer: (1) Cheque

      Q 3. Which of these is not a fundamental objective of Indian Financial System?

      1. To give time value to money
      2. Offer Services that reduce risk of loss
      3. Issuing Bank Notes
      4. Provide a payment System
      5. All of the above

      Answer: (3) Issuing Bank Notes

      Q 4. When a loan is granted for only one day, it is called _________?

      1. Notice Money
      2. Immediate Bill
      3. Treasury Bill
      4. Call Money
      5. Commercial Bill

      Answer: (4) Call Money

      Questions for descriptive answers can also be asked from this topic

    •  

      Frequently Asked Question – Financial System in India

      Q.1. What is the use of the financial system?

      Ans. The Financial System of an economy provides a way to exchange funds between the lenders and the borrowers. The efficient allocation of economic resources is achieved by a financial system.

      Q.2. What is the Financial System?

      Ans. The Financial System is a set of institutions, markets or instruments that promotes savings by channelising them to the most efficient use.

      Q.3. What are the important functions of a financial system?

      Ans. Capital accumulation, Production and Growth are what a financial system helps in. Thus, functions of the financial system are encouraging saving, mobilising savings and allocation the funds to alternative uses.

      Q.4. What are the objectives of a financial system?

      Ans. Facilitating payments, a link between the lender and borrower, help in capital formation, ensuring the safety of investment and economy growth are a few objectives of a financial system.

      Q 5. Indian Financial System is divided into how many categories?

      Ans. Broadly there are two categories of Indian Financial System, i.e. Indian Money market and Indian capital Market:

          • Indian Money Market – in which short term funds are lent and borrowed.
          • Indian Capital Market – where medium and long term exchanges happen.

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Types of Cheque

Types of Cheque

In this article, we shall discuss in detail what is Cheque, various types of cheques that are issued in the Indian banking system and what are the features of each of them. 

There are various types of cheques that can be issued. Given below is the list of the various cheque types:

  1. Bearer Cheque
  2. Order Cheque
  3. Crossed Cheque
  4. Account Payee Cheque
  5. Stale Cheque
  6. Post Dated Cheque
  7. Ante Dated Cheque
  8. Self Cheque
  9. Traveler’s Cheque
  10. Mutilated Cheque
  11. Blank Cheque 

What is Cheque?

A cheque is a piece of document/paper which orders the bank to transfer money from the bank account of an individual or an Organisation to another bank account.

The person who writes the cheque is called the “drawer” and the person in whose name the cheque has been issued is called the “payee”. The amount of money that needs to be transferred, payee’s name, date and signature of the drawer are all mentioned in a cheque.

There are certain points to remember regarding Cheques which are mentioned below:

  1. Cheque can only be issued against a current or savings bank account
  2. A cheque without date shall be considered invalid
  3. Only the payee, in whose name the cheque has been issued, can encash it
  4. A cheque is only valid 3 months from the date it has been issued
  5. A 9-digit MICR (Magnetic Ink Character Recognition) code is mentioned at the bottom of the cheque. This makes the clearance of cheques easier for the banks. 

Further below each type of cheques has been discussed in detail for candidates to study and prepare themselves for the upcoming Government exams.

Bearer Cheque

The bearer cheque is a type of cheque in which the bearer is authorised to get the cheque encashed. This means the person who carries the cheque to the bank has the authority to ask the bank for encashment. 

This type of cheque can be used for cash withdrawal. This kind of cheque is endorsable. No kind of identification is required for the bearer of the cheque.

For example: A cheque has been signed by Arjun (drawer) and the payee for the cheque is Varun. Varun can either go himself to the bank or can send a third person to get encashment for the cheque. No identification shall be required for the bearer’s name. 

Types of Cheque - Bearer Cheque

If a person does not want their cheque to be endorsable, they can strike off the “OR BEARER” option mentioned in the cheque.

Order Cheque

This type of cheque cannot be endorsed, i.e., only the payee, whose name has been mentioned in the cheque is liable to get cash for that amount. The drawer needs to strike the “OR BEARER” mark as mentioned on the cheque so that the cheque can only be encashed to the payee.

For Example: If a cheque has been signed with the name of Varun, then only the payee can visit the bank to get an encashment for the same for a order cheque.

Types of Cheque - Order Cheque

The payee’s identity may be cross-checked by the bank before encashing the sum of money.

Crossed Cheque

In this type of cheque, no cash withdrawal can be done. The amount can only be transferred from the drawer’s account to the payee’s account. Any third party can visit the bank to submit the cheque.

In case of a crossed cheque, the drawer must draw two lines at the left top corner of the cheque.

Account Payee Cheque

This is the same as the account payee cheque but no third party involvement is required. The amount shall be transferred directly to the payee’s account number.

To ensure that it is an account payee cheque, two lines are made on the left top corner of the cheque, labelling it for “A/C PAYEE”.

Types of Cheque - Account Payee Cheque

Stale Cheque

In India, any cheque is valid only until 3 months from the date of issue. So if a payee moves to the bank to get withdrawal for a cheque which was signed 3 months ago, the cheque shall be declared a stale cheque.

For example: If a cheque is dated January 1, 2020 and the payee visits the bank for withdrawal on May 1, 2020, his/her request shall be denied and the cheque is declared stale.

Post Dated Cheque

If a drawer wants the payee to apply for withdrawal or transfer of money after the present date, then he/she can fill a post dated cheque.

For example: If the date on which the drawer is filling the cheque is May 10, 2020, but he wants the payment to be done later, he/she can fill the cheque dates as May 30, 2020. It shall be called a post-dated cheque.

Ante Dated Cheque

If the drawer mentions a date prior to the current date on the cheque, it is called ante dated cheque.

For example: If the current date is January 30, 2020, and the drawer dates the cheque as January 1, 2020. It shall be considered as an ante-dated cheque.

Self Cheque

If the drawer wishes cash for himself he can issue a cheque where in place of the Payee’s name he can write “SELF” and get encashment from the branch where he owns an account.

For example: If a person wants Rs.1,00,000/- in cash, he can issue a self cheque and visit his bank branch where he owns an account and get encashment in place of a cheque.

Traveller’s Cheque

As the name suggests, the Traveler’s cheque can be used when a person is travelling abroad where the Indian currency is not used. 

If a person is travelling abroad, he can carry the traveller’s cheque and get encashment for the same in abroad countries. 

Mutilated Cheque

If a cheque reaches the bank in a torn condition, it is called a mutilated cheque. If the cheque is torn into two or more pieces and the relevant information is torn, the bank shall reject the cheque and declare it invalid, until the drawer confirms its validation.

If the cheque is torn from the corners and all the important data on the cheque is intact, then the bank may process the cheque further. 

Blank Cheque

When a cheque only has a drawer’s signature and all the other fields are left empty, then such a type of a cheque is called a blank cheque. 

The above-mentioned types of cheques are the most commonly known and used in the Indian banking industry. Let us now know the parties associated with a cheque.

Number of Parties involved with a Cheque

There are three parties involved to a cheque.

  1. Drawer or Maker – drawer of the cheque is the customer or account holder who issues the cheque.
  2. Drawee – Drawee is basically the bank on which the cheque is drawn. Remember that a cheque is always drawn on a particular banker.
  3. Payee – This is the person who is named in the cheque and gets the payment for the amount mentioned in the cheque. In particular cases (when the drawer writes a self-cheque), the drawer and the payee can be the same individual.

Apart from these three, there are two more parties involved with a cheque –

  1. Endorser: When a party i.e. payee transfers his right to take the payment to another party, he/she is called endorser.
  2. Endorsee: The party in whose favour, the right is transferred, is called endorsee.

Essentials of a Cheque

There are certain extremely important pointers or features of a cheque which should be known and understood before using this payment mode for money transfer. Some of the important pointers related to a cheque are:

  • A cheque is an unconditional order.
  • A cheque’s payment is always in cash.
  • A cheque is always drawn on a particular Bank.
  • A cheque is always payable on demand.
  • Signature on the exchequer is mandatory and should be only by the maker.
  • The amount is always a certain sum of money from one’s account.
  • This cash amount is to be paid to the person mentioned therein, or order, or the bearer.

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Functions Of Bank

Functions Of Bank

The different types of bank accounts have been discussed at length in this article. The details and benefits of each type of bank account constitute an important part of the General Awareness syllabus for major Government exams conducted in the country.

One major aspect of the banking industry is the provision of bank accounts. There are various types of bank accounts which can be opened in any Public or Private sector banks.

This topic essentially forms a very important part of the financial and banking awareness section of the various bank exams. 

In competitive exams, the topic functions of the bank form an important part of the question paper and its knowledge is crucial to score good marks. 

Especially, candidates appearing for various bank exams such as IBPS Exam, SBI Exam or RBI exam definitely encounter questions related to important banking functions in the paper or at the time of interview. 

For other graduate-level government examinations such as the SSC exam, the questions related to bank functions are asked under professional knowledge heading. Therefore, this article will walk you through important banking functions, their categories and more.

Candidates preparing for any competitive or government exams can check the following links for their preparation:

What Is a Bank?

A bank is a lawful organisation that accepts deposits which can be withdrawn on demand. Banks are institutions that help the public in the management of their finances, public deposit their savings in banks with the assurance to withdraw money from the deposits whenever required.

Banks accept deposits from the general public and from the business community as well and give two assurances to the depositors –

  1. Safety of deposit
  2. Withdrawal of deposit, whenever needed

Banks give interest on deposits which adds to the original deposit amount and is a great incentive to the depositor. This promotes saving habits among the public. Bank also grants loans based on the deposits thereby adding to the economic development of the country and well being of the general public. With this stature, it becomes important to understand the major functions of a bank. 

Important Functions Of Bank

There are two types of functions of banks:

  1. Primary functions – being primary are also called banking functions.
  2. Secondary Functions

Both the types of functions of bank are explained below in detail:

Primary Functions of Bank

All banks have to perform two major primary functions namely:

  1. Accepting of deposits
  2. Granting of loans and advances

Accepting of Deposits

A very basic yet important function of all the commercial banks is mobilising public funds, providing safe custody of savings and interest on the savings to depositors. Bank accepts different types of deposits from the public such as:

  1. Saving Deposits:  encourages saving habits among the public. It is suitable for salary and wage earners. The rate of interest is low. There is no restriction on the number and amount of withdrawals. The account for saving deposits can be opened in a single name or in joint names. The depositors just need to maintain minimum balance which varies across different banks. Also, Bank provides ATM cum debit card, cheque book, and Internet banking facility. Candidates can know about the Types of Cheques in the linked page.
  2. Fixed Deposits: Also known as Term Deposits. Money is deposited for a fixed tenure. No withdrawal money during this period allowed. In case depositors withdraw before maturity, banks levy a penalty for premature withdrawal. As a lump-sum amount is paid at one time for a specific period, the rate of interest is high but varies with the period of deposit.
  3. Current Deposits: are opened by businessmen. The account holders get overdraft facility on this account. These deposits act as a short term loan to meet urgent needs. Bank charges a high-interest rate along with the charges for overdraft facility in order to maintain a reserve for unknown demands for the overdraft.
  4. Recurring Deposits: A certain sum of money is deposited in the bank at a regular interval. Money can be withdrawn only after the expiry of a certain period. A higher rate of interest is paid on recurring deposits as it provides a benefit of compounded rate of interest and enables depositors to collect a big sum of money. This type of account is operated by salaried persons and petty traders.

Granting of Loans & Advances

The deposits accepted from the public are utilised by the banks to advance loans to the businesses and individuals to meet their uncertainties. Bank charges a higher rate of interest on loans and advances than what it pays on deposits. The difference between the lending interest rate and interest rate for deposits is bank profit.

Bank offers the following types of Loans and Advances:

  1. Bank Overdraft: This facility is for current account holders. It allows holders to withdraw money anytime more than available in bank balance but up to the provided limit. An overdraft facility is granted against collateral security. The interest for overdraft is paid only on the borrowed amount for the period for which the loan is taken.
  2. Cash Credits: a short term loan facility up to a specific limit fixed in advance. Banks allow the customer to take a loan against a mortgage of certain property (tangible assets and / guarantees). Cash credit is given to any type of account holders and also to those who do not have an account with a bank. Interest is charged on the amount withdrawn in excess of the limit. Through cash credit, a larger amount of loan is sanctioned than that of overdraft for a longer period.
  3. Loans: Banks lend money to the customer for short term or medium periods of say 1 to 5 years against tangible assets. Nowadays, banks do lend money for the long term. The borrower repays the money either in a lump-sum amount or in the form of instalments spread over a pre-decided time period. Bank charges interest on the actual amount of loan sanctioned, whether withdrawn or not. The interest rate is lower than overdrafts and cash credits facilities.
  4. Discounting the Bill of Exchange: It is a type of short term loan, where the seller discounts the bill from the bank for some fees. The bank advances money by discounting or purchasing the bills of exchange. It pays the bill amount to the drawer(seller) on behalf of the drawee (buyer) by deducting usual discount charges. On maturity, the bank presents the bill to the drawee or acceptor to collect the bill amount.

Secondary Functions of Bank

Like Primary Functions of Bank, the secondary functions are also classified into two parts:

  1. Agency functions
  2. Utility Functions

Agency Functions of Bank

Banks are the agents for its customers, hence it has to perform various agency functions as mentioned below:

Transfer of Funds: Transfering of funds from one branch/place to another. 

Periodic Collections: collecting dividend, salary, pension, and similar periodic collections on the clients’ behalf. 

Periodic Payments: making periodic payments of rents, electricity bills, etc on behalf of the client.

Collection of Cheques: Like collecting money from the bills of exchanges, the bank collects the money of the cheques through the clearing section of its customers.

Portfolio Management: banks manage the portfolio of their clients. It undertakes the activity to purchase and sell the shares and debentures of the clients and debits or credits the account.

Other Agency Functions: under this bank act as a representative of its clients for other institutions. It acts as an executor, trustee, administrators, advisers etc. of the client.

Utility Functions of Bank

  • Issuing letters of credit, traveller’s cheque, etc.
  • Undertaking safe custody of valuables, important documents and securities by providing safe deposit vaults or lockers.
  • Providing customers with facilities of foreign exchange dealings
  • Underwriting of shares and debentures
  • Dealing in foreign exchanges
  • Social Welfare programmes
  • Project reports
  • Standing guarantee on behalf of its customers, etc.
  • Sample Questions on Functions of Banks

    A part of the General Awareness section is also dedicated to Banking Awareness, especially for banking sector exams. So preparing topics like this are important from the competitive examination point of view as well.

    Thus, to help aspirants understand the type of questions which may be asked or the pattern in which they may be asked, given below are a few sample questions based on the functions of the bank.

    Q 1. What is the ratio between the total assets maintained by the bank to the total cash in hand called?

    1. Statutory Liquid Ratio
    2. Cash Reserve Ratio
    3. Balance Reserve Ratio
    4. Debit-Credit Ratio
    5. None of the above

    Answer: (1) Statutory Liquid Ratio

    Q 2. Which of these is not a function of Public Sector Banks?

    1. Transferring Money
    2. Opening Bank Accounts
    3. Lending Money to people in the form of Loan
    4. Letting customers open up lockers
    5. Issuing currency

    Answer: (5) Issuing Currency

    Solution: Only the Reserve Bank of India controls the issue and flow of currency

    Q 3. Which among the following is not a function of Regional Rural Banks?

    1. RRBs have been set up for better banking facilities to rural people
    2. Disbursement of wages of MGNREGA workers
    3. Provide banking assistance to semi-urban areas
    4. All of the above
    5. None of the above

    Answer: None of the above

    Q 4. Which body is responsible to regulate the functioning of all Banks in India?

    1. Government of India
    2. State Bank of India
    3. Reserve Bank of India
    4. Ministry of Finance
    5. Bank Unions

    Answer: (3) Reserve Bank of India

    Q 5. Which was the first bank to be established in India?

    1. Bank of Bharat
    2. Indian National Bank
    3. Central Bank
    4. State Bank of India
    5. Bank of Hindustan

    Answer: (5) Bank of Hindustan


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Types of Bank Accounts

Types of Bank Accounts

The different types of bank accounts have been discussed at length in this article. The details and benefits of each type of bank account constitute an important part of the General Awareness syllabus for major Government exams conducted in the country.

One major aspect of the banking industry is the provision of bank accounts. There are various types of bank accounts which can be opened in any Public or Private sector banks.

This topic essentially forms a very important part of the financial and banking awareness section of the various bank exams. 

Given below is the list of bank accounts that we shall be discussing in this article:

    1. Savings Account
    2. Current Account
    3. Recurring Deposit Account
    4. Fixed Deposit Account
    5. DEMAT Account
    6. NRI Account

Initially, there were only four types of bank accounts that were operating in India. These included the Current Account, Savings Account, Recurring Deposit Account and Fixed Deposit Account. But later with the advancement in the banking sector, various other types of bank accounts were introduced.

Candidates can check the syllabus for the major Government exams conducted in the country in the links given below:

Savings Account

As the name suggests, the savings accounts can be opened by an individual or jointly by two people with an aim to save money. 

The main benefit of opening a savings bank account is that the bank pays you interest for opening this type of account with them. 

Given below are a few features of the Savings account:

  • There is no limit to the number of times the account holder can deposit money in this account but there is a restriction on the number of times money can be withdrawn from this account. 
  • The rate of interest that an account holder get varies from 4% to 6% per annum
  • There is no minimum balance that needs to be maintained for this type of an account
  • The savings account holders can get an ATM/Debit/Rupay Card if they want to
  • Savings bank account is further divided into two types: Basic Savings Bank Deposit Account (BSBDA) and the other one is Basic Saving Bank Deposit Accounts Small Scheme(BSBDS)
  • The savings bank account is mostly eligible for students, pensioners and working professionals

Current Account

The second type of bank account is the current bank account. These accounts are not used for the purpose of savings.

Some important pointers related to the current bank account have been discussed below:

  • This type of bank account is mostly opened by businessmen. Associations, Institutions, Companies, Religious Institutions and other business related works, the current account can be opened
  • There is no fixed number of times that money can either be deposited or withdrawn from such accounts
  • Internet banking is available
  • This type of bank account does not have any fixed maturity
  • Overdraft facility is available for current bank accounts
  • There is no interest that is paid on such accounts

Recurring Deposit Account

Recurring Deposit account or RD account is a form of account wherein the account holder needs to deposit a fixed amount every month until it reaches the fixed maturity date. 

The features of the Recurring deposit account have been discussed below:

  • Any individual or an Institution can open a recurring deposit account either separately or jointly
  • Periodic or monthly installments that need to be added can be as low as Rs.50/- or may vary from bank to bank
  • The range of months for which an RD account can be opened varies from 6 months to 120 months
  • The interest rate varies depending upon the bank you choose to open an account with
  • Nomination facility is also available for RC accounts
  • Passbook is issued for this type of bank account
  • Premature withdrawal of the amount is permitted, provided a sum of amount is deducted as penalty

Fixed Deposit Account

FD or a fixed deposit account is another type of bank account that can be opened in any Public or Private sector bank.

The list of important things that need to be known with respect to the fixed deposit account have been mentioned below:

  • It is a one time deposit and one time take away account. Under this type of account, the account holder needs to deposit a fixed amount of sum (as per their wish) for a fixed time period
  • The amount deposited in FD account can only be withdrawn all at once and not in installments
  • Banks pays interest on the fixed deposit account
  • The rate of interest depends upon the amount you deposit and for the time duration of the FD
  • Full repayment of the amount is available before the maturity date of FD

DEMAT Account

Shares and securities which can be held in electronic format constitute the DEMAT account. The DEMAT account also stands for Dematerialized Account.

Given below the points that need to be known by a candidate regarding the DEMAT Account:

  • There are only two depository organisations which manage this type of bank account in India. This includes: National Securities Depository Limited and Central Depository Services Limited
  • This helps facilitate easy trade of bonds and shares
  • Helps in conducting stress-free transaction of shares
  • KYC is required for opening the DEMAT Account
  • Transaction cost is reduced
  • Traders can work from anywhere
  • The transfer of securities can be done with reduced paperwork

NRI Account

To fulfil the bank requirements of a Non-Residential Indian or a Person of India Origin, the option of NRI account is available.

The NRI Accounts are further divided into three types:

  1. NRO ( Non-Resident Ordinary Rupees) Account – This shall allow you to transfer your foreign earnings easily to India. It can be opened in the form of an FD/RD/Current/Savings account. These accounts can be opened by an individual or jointly opened
  2. NRE ( Non-Resident External Rupees) Account – When an Indian citizen moves abroad to work there, his/her account needs to be converted into an NRE account. This account can be jointly opened with an Indian resident
  3. FCNR ( Foreign Currency Non-Resident ) Account – This type of account can be opened to manage an international currency. It can only be in the form of Term deposit and can be withdrawn after the maturity period only. 

Importance of Bank Accounts

To help manage the finances here are some excellent reason to have a bank account-

  1. Bank accounts offer simplicity for transactions. one can easily withdraw money and make payments if they have a bank account.
  2. Having bank accounts offers a safe treasury of your hard-earned money and even if the bank or the unions are close you are sure to get back your money.
  3. Most banks and financial institutions offer the account holders free or low-cost services, hence bank accounts are cheaper.
  4. It is an easy way to grow money. Most banks offer an interest rate when you put your money in a savings account. The interest will help your money grow over time.
  5. It offers easy access to credits. Having a bank account is favourable as banks provide the facility to access credits to its customers for Personal loan, home loan, education loan etc.

Aspirants must go through the above-mentioned information carefully as it forms an important topic for financial as well and banking awareness topics.

Candidates who are looking for any further information regarding the upcoming Government exams can turn to BYJU’S for help.

Frequently Asked Question – Types of Accounts in Bank

Q.1. What is the different type of bank accounts?

Ans. The different types of bank accounts are – Savings Account, Current Account, Recurring Deposit Account, Fixed Deposit Account, DEMAT Account, NRI Account.

Q.2. What is the full form of DEMAT account?

Ans. The DEMAT account also stands for Dematerialized Account.

Q.3. What is a DEMAT Account?

Ans. Shares and securities which can be held in electronic format constitute the DEMAT account. There are only two depository organisations which manage this type of bank account in India. This includes: National Securities Depository Limited and Central Depository Services Limited

Q.4. How many types of NRI accounts are there?

Ans. NRI Bank Accounts are further classified into three types – NRO ( Non-Resident Ordinary Rupees) Account, NRE ( Non-Resident External Rupees) Account, and FCNR ( Foreign Currency Non-Resident ) Account.

Q 5. What type of bank accounts are best for everyday transactions?

Ans. Current accounts are best for day to day transactions as there is no fixed number of times that money can either be deposited or withdrawn from such accounts. These accounts are not or saving purposes and is mostly opened by businessmen.

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15th Finance Commission

15th  Finance Commission

The Fifteenth Finance Commission (XV-FC or 15-FC) is an Indian Finance Commission constituted in November 2017 and is to give recommendations for devolution of taxes and other fiscal matters for five fiscal years, commencing 2020-04-01. The commission's chairman is Nand Kishore Singh, with its full-time members being Ajay Narayan JhaAshok Lahiri and Anoop Singh. In addition, the commission also has a part-time member in Ramesh ChandShaktikanta Das served as a member of the commission from November 2017 to December 2018.

Constitution

The Fifteenth Finance Commission was constituted by the Government of India—after getting ceremonial approval from President of India—through a notification in The Gazette of India on 2017-11-27. Nand Kishore Singh was appointed as the commission's chairman, with its full-time members being Shaktikanta Das and Anoop Singh and its part-time members being Ramesh Chand and Ashok Lahiri.

The commission held its first meeting on 2017-12-04. Lahiri was elevated to the status of a full-time member in May 2018 and was accorded the status of a minister of state. Das resigned as member on 11 December 2018, to become the Governor of Reserve Bank of India.

In July 2019, the commission's term was extended by a month to November 2019, and its terms of reference (ToR) were expanded by the Union Cabinet and asked it to consider whether "adequate, secure and non-lapsable" funds could be provided for funding defence and internal security, and how would a distinct system to fund defence and internal security be operationalised

 Executives

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Pradhan Mantri Kaushal Vikas Yojana

Pradhan Mantri Kaushal Vikas Yojana

Under PMKVY (2015-16)

  1. 13,000 training centers opened across India Training in 375 trades.
  2. 19.85 Lakh youth trained part of PMKVY (2015-2016) (updated)

Placement was not a feature of PMKVY 1, neither was it tracked. The number mentioned is record of voluntary information shared by TPs and thus shouldn’t be counted as an achievement.

Under PMKVY -2 (2016-20)

  1. More than 5,700 training centres opened across India
  2. More than 16 lakh candidates trained
  3. Model training centres known as Pradhan Mantri Kaushal Kendras (PMKK) are being opened in every district across India 
  4. Physical target of 20.5 lakh approved for 35 states/UT costing to INR 3000 crore till 2020
  5. 6.01 lakh training to be implemented through state/UTs by March’18
  6. Additional target of 20 lakh allocated for enrolment and training by training providers
  7. Women constitute approx. 50% of all enrolled candidates under PMKVY

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STARTUP INDIA

STARTUP INDIA

Startup India Movement launched on 16th January 2016 for promotion of Entrepreneurship among youth.

  1. Action plan unveiled for encouraging startups.
  2. Tax relief for three consecutive years out of a block of seven year for startups.
  3. Start-up Fund of Rs. 10,000 Crore to be released over two Finance Commission cycles, that is, by 2025.
  4. Startups are allowed to issue ESOPs to promoters working as employees

Startups approved

  1. 4536 Startup applications have been recognized as Startups by DIPP as on 12th October, 2017
  2. 74 Startups have been approved by IMB for availing tax benefit
  3. 450+ Startups have been mentored for incubation and funding support by Startup India Hub

Start-up India, a flagship initiative of the Government of India, intended to build a strong eco-system for nurturing innovation and Start-ups in the country that will drive sustainable economic growth and generate large scale employment opportunities.

 

In order to meet the objectives of the scheme, the corporation has taken following initiatives:

  1. Nurturing Creativity and Innovation by institutionalizing Meritorious Innovation Awards
  2. Transferred about 120 technologies to various entrepreneurs/ Start-ups, contributing significantly to Start up India
  3. NRDC is assisting DIPP in evaluating the innovation content in the start-up applications for recognizing start-ups and recommending the eligible start-ups for tax exemption and other benefits.
  4. Designated by DIPP as Government Facilitator for IP filings for Start-Ups
  5. Partnered with MoMSME-UNIDO (GCIP) for evaluating the award proposals for innovativeness
  6. Managing and Monitoring Indian Oil and GAIL Start-up Scheme
  7. NRDC organized a Contest for Demonstrating Innovative Prototypes for Start-Ups during the two-day NRDC annual conference on “Leveraging Innovation Ecosystem for Accelerating Start-ups”.

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New Development Bank (BRICS Bank )

New Development Bank  (BRICS Bank )

The New Development Bank BRICS (NDB BRICS), formerly referred to as the BRICS Development Bank, is multilateral development bank operated by the BRICS states (Brazil, Russia, India, China and South Africa) as an alternative to the existing US-dominated World Bank and International Monetary Fund. It has headquarters in Shanghai, China.
The Bank is set up to boost infrastructure funding in the emerging economies and offer them tailor-made services.

Making of BRICS Bank:

The BRICS countries in the 4th BRICS summit held in Delhi in 2012 came up with the idea of setting up the bank. It was then proposed by India.

Then at the 5th BRICS summit held in Durban, South Africa in 2013, all BRICS countries agreed to set up a Development bank.

Then at the 6th BRICS summit held in Fortaleza, Brazil, the BRICS countries signed the Agreement on the New Development Bank, which makes provisions for the legal basis of the bank.

The 7th BRICS summit in July 2015 held in Ufa, Russia marked the entry into force of the Agreement.

In July 2015, the bank was launched with K. V. Kamath from India as the first President of the Bank for the first five years.

Some facts about NDB BRICS:

The founding members of the Bank are the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa.

The membership shall be open to members of the United Nations, in accordance with the provisions of the Articles of Agreement of the New Development Bank.

The New Development Bank shall have an initial subscribed capital of US$ 50 billion and an initial authorized capital of US$ 100 billion.

Each BRICS member will contribute an equal share in establishing a startup capital.

All BRICS countries hold equal number of shares and have equal voting rights.

The Bank will have its Headquarters in Shanghai. The Bank may establish offices necessary for the performance of its functions. The first regional office shall be in Johannesburg.

The Bank shall have a Board of Governors, a Board of Directors, a President and Vice-Presidents. The President of the Bank shall be elected from one of the founding members on a rotational basis, and there shall be at least one Vice President from each of the other founding members.


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List of national symbols and what do they represent

List of national symbols and what do they represent

 

National symbols of a country represent a host of objects that paint a unique identity about the country’s sensibilities. Representatives are chosen carefully and each depicts a certain virtue that is distinctive characteristic of the country. The rich heritage of India is a result of assimilation of cultural influences from its invaders through the generations. Ours is a multi-faceted culture and the various facets of our heritage require appropriate representation. India has many national symbols with which it identifies itself and takes pride in them. These symbols have been chosen from India’s unique flora and fauna, and its culture and civilization. In a nutshell, these symbols say a lot about India. These symbols are intrinsic to the Indian identity and heritage. Indians of all demographics backgrounds across the world are proud of these National Symbols as they instill a sense of pride and patriotism in every Indian’s heart.

Here is some more information about the national symbols of India:

National Emblem: The National Emblem of India is an adaptation of the Buddhist Lion capital of Ashoka at Sarnath, near Varanasi in Uttar Pradesh.

National Animal: The Tiger is the National Animal of India. It is the symbol of India’s wealth of wildlife. The magnificent tiger, Panthera tigris is a striped animal.

National Bird: The Peacock (Pavo Cristatus), is the National Bird of India. It is the symbol of qualities like beauty and grace.

National Flag: The National Flag is a horizontal tricolour of deep saffron (Kesari) at the top, white in the middle and the dark green at the bottom and a blue wheel (chakra) with 24 sticks at the centre.

National Fruit: The Mango (Mangiferra Indica) is the National Fruit. It has been cultivated in India since time immemorial.

National Tree: The National Tree of India is the Banyan (Ficus bengalensis) Tree. This huge tree towers over its neighbors and has the widest trunk.

National Sport: Sport Field Hockey, in which India has an impressive record with eight Olympic medals, is considered as the National Sport. However, Home Ministry has said that officially, no sport has been accorded, the status of national Sport.

National Anthem: Jana-Gana-Mana. . the song was composed originally in Bengali by Rabindranath Tagore, adopted in its Hindi version is our National Anthem.

National Song: The song Vande Mataram, composed in Sanskrit by Bankimchandra Chatterji, is our National song.

National Calender: The National Calender based on the Saka Era with Chaitra as its first month and a normal year of 365 days was adopted from 22nd March, 1957.

National Flower: Lotus, scientifically known as Nelumbo nucifera is the National Flower of India.

Other National Symbols of India

National Sentence: Satyamev Jayate
Father of the Nation: Mahatma Gandhi
National Foreign Policy: Non-Alignment
National Information Letter: White Letter
National Currency: Rupee

National Festivals:

Republic Day (26th January)
Independence Day (15th August)
Gandhi Jayanti (2nd October)
National River: Ganga
National Aquatic Animal: Dolphin (Platanista gangetica) 
National Heritage Animal: Elephant


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Name of all the approved stock exchange in India

Name of all the approved stock exchange in India

Name of all the approved stock exchange in India is given below:-
1. U.P. Stock Exchange, Kanpur
2. Vadodara Stock Exchange, Vadodara 
3. Koyambtour Stock Exchange, Coimbatore 
4. Meerut Stock Exchange, Meerut
5. Mumbai Stock Exchange, Mumbai
6. Over the Counter Exchange of India, Mumbai
7. National Stock Exchange, Mumbai 
8. Ahmedabad Stock Exchange, Ahmedabad 
9. Bangalore Stock Exchange, Bangalore 
10. Bhubaneshwar Stock Exchange, Bhubaneshwar 
11. Calcutta Stock Exchange, Kolkata
12. Cochin Stock Exchange, Cochin 
13. Delhi Stock Exchange, Delhi 
14. Guwahati Stock Exchange, Guwahati 
15. Hyderabad Stock Exchange, Hyderabad 
16. Jaipur Stock Exchange, Jaipur 
17. Canara Stock Exchange, Mangalore 
18. Ludhiana Stock Exchange, Ludhiana 
19. Chennai Stock Exchange, Chennai 
20. M. P. Stock Exchange, Indore 
21. Magadh Stock Exchange, Patna
22. Pune Stock Exchange, Pune 
23. Capital Stock Exchange Kerala Ltd.,Thiruvananthapuram, Kerala

On July 9, 2007 SEBI has withdrawn its approval from Saurashtra Stock Exchange, Rajkot due to its passive working. Hence the number of approved stock exchanges have come down to 23.


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Important Trophies And Cups Related To Sports

Important Trophies And Cups Related To Sports

Cricket :~
 Ashes Cup,
 Asia Cup,
 C.K. Naidu Trophy,
 Deodhar Trophy,
 Duleep Trophy,
 Gavaskar Border Trophy,
 G.D. Birla Trophy,
 Gillette Cup,
 ICC World Cup,
 Irani Trophy,
 Jawharlal Nehru Cup,
 Rani Jhansi Trophy,
 Ranji Trophy,
 Rohinton,
 Barcia Trophy,
 Rothmans Cup,
 Sahara Cup,
 Sharjah Cup,
 Singer Cup,
 Titan Cup,
 Vijay Hazare Trophy,
 Vijay Merchant Trophy,
 Wisden Trophy,
 Wills Trophy.
Hockey :~
 Sultan Azlan Shah Cup,
 Aga khan Cup,
 Maharaja Ranjit Singh Gold Cup,
 Dhyanchand Trophy,
 Nehru Trophy,
 Sindhia Gold cup,
 Murugappa Gold Cup,
 Wellington Cup,
 Stanley Cup.
Football :~
 Rovers Cup,
 Bandodkar Trophy,
 Merdeka Cup,
 Confederation cup,
 DCM Trophy,
 Durand Cup,
 Rovers Cup,
 B.C. Raj Trophy (National Championship),
 FIFA world Cup,
 Jules Rimet Trophy,
 Kalinga Cup,
 Santosh Trophy,
 IFA Shield,
 Scissor Cup,
 Subroto Cup,
 Sir Ashutosh Mukherjee Trophy,
 Todd Memorial Trophy,
 Vittal Trophy,
 UEFA Champions League.
Badminton :~
 Amrit Diwan Cup,
 Asia Cup,
 Chaddha Cup,
 European Cup,
 Harilela Cup,
 Ibrahim Rahimatillah Challenger Cup,
 Konica Cup,
 Sophia Cup,
 Kitiakara Cup,
 Malaysian Open,
 Thomas Cup (men),
 Uber Cup (women).
Table Tennis :~
 Travancore Cup (women),
 Swathling Cup (men),
 Bama Belleck Cup.
Lawn Tennis :~
 Davis Cup,
 Australian Open,
 French Open,
 Wimbledon,
 US Open,
 Heineken Cup.
Golf :~
 Augusta Masters,
 British Open,
 US Maters.
Horse Racing :~
 Derby.
Rowing :~
 Wellington trophy.


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Important Lines and Boundaries

Important Lines and Boundaries

Important Lines and Boundaries

Marginal Line : 320 km line of fortification on the Russia-Finland border

Line of Actual Control : India  & China on the Northern Border

Line of Control : India and Pakistan

Durand Line : Afghanistan and Pakistan

Radcliffe Line : India and Pakistan (its includes Bangladesh Line)

Blue Line : Isreal & Lebanon

Purple Line : Israel and Syria

Green Line : Israel and its neighbours (Egypt, Jordan, Lebanon and Syria)

Mason–Dixon line : Maryland and Pennsylvania/Delaware in Colonial America

Curzon Line : Poland & Russia

Military Demarcation Line (MDL) or Armistice Line : North Korea and South Korea

McMohan Line : India & China

Maginot Line : France & Germany

Mannar haime line : Russia & Finland

Order Neisse Line : Germany & Poland (aftermath of World War II)

Hindenburg Line : Poland & Germany (at the time of First World War)

 Sigfried Line East : France & Germany (at the time of second world war)

16 Parallel North : Angola and Namibia

17th Parallel Line : North & South Vietnam

20 Parallel North : Libya & Sudan

22 Parallel North : Egypt & Sudan

25 Parallel North : Mauritania & Mali

26 Parallel North : Western Sahara & Mauritania

31 Parallel North : Iraq & Iran

35 Parallel North : US it serves as border b/w Tennessee/Mississippi, Tennnessee/Alabama, Tennesse/Georgia, North Carolina/Georgia

36 Parallel North : In the US it Forms forms the southernmost boundary of the state of Missouri with the state of Arkansas

38 Parallel North Line : North  & South Korea

40 Parallel North : US it serves as border b/w Nebraska & Kansas

41 Parallel North : US it forms the border b/w wyoming/utah border, Wyoming/colorado, Nebraska/Colorado.

42 Parallel North : US it serves as border of new york & Pennsylvania Border

43 Parallel North : US it serves as border of b/w State Nebraska & state of south Dakota

45 Parallel North : US it forms the boundary b/w Montana & wyoming

49 Parallel North (Medicine Line) : USA & Canada


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Highlight Of 15th Census Of India - 2011

Highlight Of 15th Census Of India - 2011

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.

  1. Census 2011 were released in New Delhi on 31st March 2011 by Union Home Secretary GK Pillai and RGI C Chandramouli.
  2. Census 2011 was the 15th census of india & 7th census after Independece
  3. The motto of census 2011 was “Our Census, Our future”.
  4. Total estimated cost of the Census was INR2200 crore (US$350 million).
  5. First census in 1872.
  6. Present Registrar General & Census Commissioner – C.Chandra Mouli
  7. Total Population – 1,210,569,573 (1.21 Billion)
  8. India in 2nd rank in population with 17.64%. decadal growth & China is 1st rank with decadal growth 19% (over 1.35 billion)
  9. World Population is 7 Billions
  10. Increase in population during 2001 – 2011 is 181 Million

Population – 1210.19 million [Males – 623.7 million (51.54%) Females – 586.46 million (48.46%)]

            Top Populous of the Country
1 Uttar Pradesh 19,98,12,341
2 Maharashtra 11,23,74,333
3 Bihar 10,40,99,452
4 West Bengal 9,12,76,115
5 Andhra Pradesh 8,45,80,777
           Least Populous of the Country
1 Lakshadweep 64,473
2 Daman and Diu 2,43,247
3 Dadra and Nagar Haveli 3,43,709
4 Andaman and Nicobar Islands 3,80,581
5 Sikkim 6,10,577

Population Highlight

Highest Populous UT Delhi
Least Populous UT Lakshadweep
Highest Populous state Uttar Pradesh
Least populous state Sikkim
Highest urban Population in india (state& UT) Maharashtra – 4,11,00,980
Lowest urban Population in india (state& UT) Lakshadweep – 26,967
Highest Rular Population in india (state& UT) Uttar Pradesh – 13,16,58,339
Lowest Rular Population in india (state& UT) Lakshadweep – 33,683

Sex Ratio (Females per 1000 Males)

Sex ratio in India 943
Highest sex ratio in state Kerala (1084)
Lowest sex ratio in state Haryana (879)
Highest sex ratio in UT Pondicherry (1037)
Lowest sex ratio in UT Daman and Diu (618)
Child (0-6 years) sex ratio 914
Highest child (0-6) sex ratio in state Mizoram (971)
Lowest child (0-6) sex ratio in state Haryana (830)

Literacy Rate in India

Total Person Literacy Rate 74%
Males 82.14%
Females 65.46%
Highest Literacy Rate in State Kerala (94%)
Lowest Literacy Rate in State Bihar (61.8%)
Hightest Literacy Rate in UT Lakshadweep (91%)
Lowest Literacy Rate in UT Dadra and Nagar Haveli (76.24%)

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List Of Mergers & Acquisitions Of Bank In India

List Of Mergers & Acquisitions Of Bank In India
From 2010 to 2017
Name of the Banks Acquired  Name of the Banks got Merged Year of Merging happened
State Bank of India Bharatiya Mahila Bank (BMB) 2017
State Bank of India State Bank of Travancore (SBT) 2017
State Bank of India State Bank of Bikaner and Jaipur (SBBJ) 2017
State Bank of India State Bank of Hyderabad (SBH) 2017
State Bank of India State Bank of Mysore (SBM) 2017
State Bank of India State Bank of Patiala (SBP) 2017
Kotak Mahindra Bank ING Vyasa Bank 2014
ICICI Bank Bank of Rajasthan Ltd. 2010

 

From 2000 to 2009
Name of the Banks Acquired Name of the Banks got Merged Year of Merging happened
HDFC Bank Centurion Bank of Punjab 2008
ICICI Bank Ltd Sangli Bank 2007
Indian Overseas Bank Bharat Overseas Bank 2007
Centurion Bank of Punjab Lord Krishna Bank 2006
Federal Bank Ganesh Bank of Kurandwad 2006
 Nainital Bank Bank of Baroda 2006
IDBI Ltd United Western Bank 2006
IDBI Ltd IDBI Bank 2005
Bank of Punjab(POB) Centurion Bank 2005
Bank of Baroda South Gujarat Local Area Bank 2004
Oriental Bank of Commerce Global Trust Bank 2004
Punjab National Bank Nedungadi Bank Ltd. 2003
ICICI Bank ICICI Ltd. 2002
Bank of Baroda Benares State Bank Ltd. 2002
ICICI Bank Ltd Bank of Madura Ltd 2001
HDFC Bank Ltd. Times Bank Ltd. 2000

 

From 1990 to 1999
Name of the Banks Acquired Name of the Banks got Merged Year of Merging happened
Bank of Baroda Bareilly Corporation Bank Ltd. 1999
Union Bank of India Sikkim Bank Ltd. 1999
Oriental Bank of Commerce Bari Doab Bank Ltd. 1997
Oriental Bank of Commerce Punjab Co-operative Bank Ltd. 1996
State Bank of India Kashinath State Bank Ltd 1995
Bank of India Bank of Karad Ltd. 1994
Punjab National Bank New Bank of India 1993
 Bank Of India Parur Central Bank Ltd. 1990
Central Bank Of India  Purbanchal Bank Ltd. 1990
Indian Bank Bank of Thanjavur Ltd. 1990
Indian Overseas Bank Bank of Tamilnadu Ltd 1990

 

Before 1990
Name of the Banks Acquired Name of the Banks got Merged Year of Merging happened
Allahabad Bank United Industrial Bank Limited 1989
Bank of Baroda Traders Bank Ltd 1988
Punjab National Bank Hindustan Commercial Bank Ltd 1986
State Bank of India Bank of Cochin Ltd 1985
Canara Bank Lakshmi Commercial Bank Ltd 1985
Union Bank of India Miraj State Bank Ltd 1985
State Bank of India National Bank of Lahore Ltd 1970
State Bank of India Bank of Bihar Ltd 1969

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List Important International Organizations And Their Headquarters

List Important International Organizations And Their Headquarters
  1. World Trade Organization (WTO) –
  • Headquarters – Geneva, Switzerland
  • Head – Roberto Azevedo
  • Founded on – 1 January, 1995
  1. World Health Organization (WHO) –
  • Headquarters – Geneva, Switzerland
  • Head – Dr Margaret Chan
  • Founded on – 7 April, 1948
  1. World Economic Forum (WEF) –
  • Headquarters – Geneva, Switzerland
  • Head – Klaus Schwab
  • Founded on – 1971
  1. International Labour Organisation (ILO) – 
  • Headquarters – Geneva, Switzerland
  • Head – Guy Ryder
  • Founded on – 1919
  1. United Nations Conference on Trade & Development (UNCTAD) –
  • Headquarters – Geneva, Switzerland
  • Head – MukhisaKituyi
  • Founded on – 1964
  1. World Meteorological Organisation (WMO) –
  • Headquarters – Geneva, Switzerland
  • Head – Michel Jarraud
  • Founded on – 1950
  1. International Monetary Fund (IMF) –
  • Headquarters – Washington DC, US
  • Head – Christine Lagarde
  • Founded on – 27 December, 1945
  1. The World Bank –
  • Headquarters – Washington DC, US
  • Founded on – July, 1944
  • President- Jim Young Kim
  1. United Nations Organization (UN) –
  • Headquarters – New York, US
  • Secretary general– Ban Ki-moon
  • Founded on – 1945
  1. United Nations Children’s Fund (UNICEF) –
  • Headquarters – New York, US
  • Head – Anthony Lake
  • Founded on – December, 1946
  1. United Nations Education Scientific & Cultural Organisation (UNESCO) –
  • Headquarters – Paris, France
  • Head – Irina Bokova
  • Founded on – 16 November, 1945
  1. Organisation for Economic Cooperation & Development (OECD) –
  • Headquarters – Paris, France
  • Head – Jose Angel Gurria
  • Founded on – 30 September, 1961
  1. North Atlantic Treaty Organisation (NATO) –
  • Headquarters – Brussels, Belgium
  • Head – Philip M. Breedlove
  • Founded on – 4 April, 1949
  1. International Maritime Organisation (IMO) –
  • Headquarters – London, UK
  • Head – Ki Tack Lim
  • Founded on – 1959
  1. International Atomic Energy Agency (IAEA) –
  • Headquarters – Vienna, Austria
  • Head – Yukiya Amano
  • Founded on – July 29, 1957
  1. Organisation of Petroleum Exporting Countries (OPEC) –
  • Headquarters – Vienna, Austria
  • Head – Diezani Alison-Madueke
  • Founded on – 1961-62
  1. International Olympic Committee (IOC) –
  • Headquarters – Lausanne, Switzerland 
  • Head – Thomas Bach
  • Founded on – 23 June, 1894
  1. Food & Agricultural Organisation (FAO) –
  • Headquarters – Rome, Italy
  • Head – Jose Graziano da Silva
  • Founded on -16 October, 1945

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National Parks in India

National Parks in India

National Parks in India

 

Name

State

1. Bandhavgarh National Park

Madhya Pradesh

2. Kanha National Park

Madhya Pradesh

3. Panna National Park

Madhya Pradesh

4. Pench National Park

Madhya Pradesh

5. Thattekkad Bird Sanctuary

Kerala

6. Idukki Wildlife Sanctuary

Kerala

7. Eravikulam National Park

Kerala

8. Kumarakom Bird Sanctuary

Kerala

9. Periyar Wildlife Sanctuary

Kerala

10. Sariska Wildlife Sanctuary

Rajasthan

11. Bharatpur Bird Sanctuary

Rajasthan

12. Keoladeo National Park

Rajasthan

13. Nagarhole National Park

Rajasthan

14. Ranthambore National Park

Rajasthan

15. Sambhar Wildlife Sanctuary

Rajasthan

16. Rajaji National Park

Uttarakhand

17. Corbett National Park

Uttarakhand

18. Manas National Park

Assam

19. Kaziranga National Park

Assam

20. Sanjay Gandhi Wildlife Sanctuary

Maharashtra

21. Mahim Nature Park

Maharashtra

22. Dachigam National Park

J&K

23. Hemis High Altitude Park

J&K

24. Chilka Lake Bird Sanctuary

Odisha

25. Nandankanan Zoo

Odisha

26. Similipal National Park

Odisha

27. Bandipur National Park

Karnataka

28. Dandeli National Park

Karnataka

29. Dudhwa National Park

Uttar Pradesh

30. Gir National Park

Gujarat

31. Mudumalai Wildlife Sanctuary

Tamilnadu

32. Nagarjunasagar Wildlife Sanctuary

Telangana

33. Renuka Wildlife Sanctuary

Himachal Pradesh

34. Sultanpur Bird Sanctuary

Haryana (Gurgoan)

35. Sunderbans Tiger Reserve

West Bengal


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Important Terminology Used in Games

Important Terminology Used in Games

                                              Some Important Terminology Used in Games

Sr. No.
Words Used
Games
1.        
Drop
Rowing 
2.        
Let, Smash, Deuce, Uber Cup, Thomas cup
Badminton
3.        
Bishop, Checkmate, Knight
Chess
4.        
Cover Drive, Boundary, L.B.W.(Leg Before Wicket), C.W.B.(Caught Behind Wicket)   , Ashes , Googly, Duleep Trophy, Ranji Trophy, Wisden Trophy
Cricket
5.        
Hitter, Batter
Baseball
6.        
Caddie, Tee, Par, Put
Golf
7.        
Target, Bull’s Eye           
Archery
8.        
Corner, Bully, Stick, Long Corner
Hockey
9.        
Jump Ball           
Basketball
10.    
Cue, Cannon, Long Jenny, Jigger
Billiards
11.    
Knockout, Welter Weight, Jab, Cut
Boxing
12.    
Dribble, Corner Kick, Penalty, Yellow Card, Tie-Breaker, Subroto Cup, B. C. Roy Trophy, Durand Cup
Football
13.    
Davis Cup, Wimbledon Trophy, French Open, U S. Open
Tennis
14.    
Plug, Muzzle
Shooting
15.    
Derby Cup
Horse Racing

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Important Revolutions in India

Important Revolutions in India

Important Revolutions in India:-

1. Green Revolution Food grains 

2. Grey Revolution – Fertilizer

3. Pink Revolution - Onion production/Pharmaceutical (India)/Prawn production 

4. Red Revolution - Meat & Tomato Production 

5. Yellow Revolution - Oil Seeds production

6. Evergreen Revolution - Overall development of Agriculture 

7. Black Revolution - Petroleum Production 

8. Blue Revolution - Fish Production 

9. Brown Revolution - Leather/nonconventional (India)/Cocoa production 

10. Golden Fiber Revolution - Jute Production 

11. Golden Revolution - Fruits/Overall Horticulture development/Honey Production 

12. Round Revolution – Potato 

13. Silver Fiber Revolution – Cotton 

14. Silver Revolution – Egg and Poultry Production 

15. White Revolution (In India: Operation Flood) - Milk/Dairy production 


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Books and Authors

Books and Authors
  1.  Cryptocurrency for Beginners- Amit Bhardwaj
  2. Making of A Legend- Bindeshwar Pathak
  3. Dalhousie...Through My Eyes - Kiran Chadha 
  4. President’s Lady - Sangeeta Ghosh
  5. Playing With Fire - Katie Price
  6. Future of Indian Universities: Comparative and  International Perspectives - C. Raj Kumar
  7. KadveVachan- Jain saint AcharyaTarun Sagar Maharaj
  8. I am HIV positive, so what?-- Jayanta KalitaManipur bodybuilder Pradip kumar Singh’s inspirational fight to overcome HIV)
  9. I Do What I Do’- Raghuram Rajan
  10. Immortal India- Amish Tripathi
  11. ‘How India Sees the World’ - Shyam Saran
  12. 100 things every professional cricketer must know’ -- BCCI player’s handbook 
  13. Hit Refresh - Microsoft CEO SatyaNadella
  14. Unstoppable: My Life So Far - Maria Sharapova
  15. Bhartiya Kala Mein SalilKridayenEvamSadyahsnataNayika - Dr.Kshetrapal Gangwar and Shri Sanjib Kumar Singh
  16. The Shershah of Kargil Biography of Kargil war hero - Late Captain Vikram Batra written by Deepak Surana
  17. A to Z of Financial Management in Autonomous  Institutions - Dr.Rajat Bhargava and Shri Deenanath Pathak
  18. The Singing Tree -To spread awareness on preventing child blindness
  19. An Insignificant Man Movie on Arvind Kejriwal. It was directed by - Khushboo Ranka
  20. The Coalition Years: 1996-2012 - Pranab Mukherjee’s political autobiography
  21.  Beyond the Dream Girl’ Biography of veteran actress Hema Malini written by Ram Kamal Mukherjee
  22. India 2017 Yearbook - Rajiv Mehrishi
  23. Dreamnation: Uniting a Country with Handwritten Dreams Contains inspiring words of Dr A.P.J. Abdul Kalam. 
  24. A journey towards self-reliance’ --First ever coffee table book on the Department of  Defence Production (DDP)
  25. ‘Two’ Gulzar Bollywood -The Films! The Songs! The Stars!, - S.M.M. Ausaja, Karan Bali, Rajesh Devraj and  Tanul Thakur
  26. "Poeatry" - Vikas Khanna
  27. 'Trivendra Ek Zindaginama - Khairasain ka Sooraj' Nandan Singh Bisht, a doctor
  28. ‘The Way I See It ’ Late journalist Gauri Lankesh ,edited by - Chandan  Gowda
  29. The People’s President: Dr. A P J Abdul Kalam - S.M. Khan
  30. Majuli: Resources and Challenges - Sanjib Kumar Borkakoti
  31. Imperfect - Autobiography of Sanjay Manjrekar 
  32. The Heartfulness Way - Kamlesh Patel 
  33. Dilli Meri Dilli: Before and After 1998- It includes comments by people like Mark Tully, E  Sreedharan and Sunita Narain 
  34. StaniyaSvasasan Mei Addhi Aabadhi- Dr. Sadhana Pandey
  35. 'Exam Warriors' Prime Minister- Narendra Modi
  36. ‘Hisaab Kitaab’ - Actress Anjana Sukhani
  37. 'Even When There Is A Doctor'- Dr. Yashwant Amdekar
  38. “Mere Sapno Ka Bharat”- Tarun Vijay
  39. Adi shankaracharya : The Greatest Hinduism - Pawan Sharma
  40. Andhere se Ujale ki aur - Arun Jaitley
  41. Citisen and society - Dr.Hamid Ansari
  42. A Century is not enough - Saurav Ganguly
  43. Delhi : my time my life - Sheela Dixit
  44. Playing it My Way - An autobiography of Sachin Tendulkar
  45. Test of My Life - Yuvraj Singh
  46. Race of My Life - Milkha Singh
  47. Kiss of My Life - Imran Hashmi
  48. Driven the Virat Kohli Story - Vijay Lokapally
  49. Six Machine - Chris Gayle
  50. AB An Autobiography - Ab Devillers

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SUMMITS 2018 PART - 2

SUMMITS  2018 PART - 2

ASEAN Summits

  • ASEAN Association of South East Asian Nation
  • Headquarters - Jakarta, Indonesia
  • Establishment - 8 August 1967
  • Total Countries – 10 (Brunei, Cambodia, Indonesia, Laos, Malaysia, Burma (Myanmar), Philippines, Singapore, Thailand, Vietnam
  • Secretary General – Le Luong Minh (Vietnam)
  • Chairman - Philippines Rodrigo Duterte
  • Recently held and Upcoming ASEAN Summits
    • The First ASEAN summit was held February 1976 in Bali, Indonesia.
    • 30th ASEAN Summit 2017 (April) - Philippines,Metro Manila
    • 31st ASEAN Summit 2017 (November) – Philippine, Clark, Freeport Zone
    • 32nd ASEAN Summit 2018 (April) - Singapore
    • 33rd ASEAN Summit 2018 (November) - Singapore

SAARC Summits

  • SAARC South Asian Association for Regional Cooperation
  • These summits have generally taken place approximately every eighteen months.
  • Headquarters – Kathmandu, Nepal
  • Formation - 16 January, 1987
  • First holder - Abul Ahsan
  • Secretary General– Arjun Bahadur Thapa
  • Countries (8) – Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka
  • Recently Held and upcoming SAARC Summits
    • 18th SAARC Summit 2014 – Kathmandu, Nepal
    • 19th SAARC Summit 2016 – Islamabad, Pakistan (cancelled)

APEC Summits (Asia Pacific Economic Cooperation)

  • Headquarters – Singapore
  • Establishment - 1989
  • Total Countries – 21 countries (Australia, Canada, Brunei, Chile, china, Taiwan, Hong Kong, Indonesia, Japan, Korea, Malaysia, Mexico, New Zealand, Peru, Philippines, Russia, Singapore, Thailand, United States, Vietnam).
  • Executive Director – Alan Bollard
  • Recently Held and Upcoming APEC Summits
    • 29th APEC Summit 2017 – Vietnam, Danang
    • 30th APEC Summit 2018 - Papua, New Guinea Port Mores
    • 31st APEC Summit 2019 - Chile
    • 32nd APEC Summit 2020 - Malaysia
    • 33rd APEC Summit 2021 - New Zealand
    • 34th APEC Summit 2022 – Thailand
    • 35th APEC Summit 2023 - Mexico
    • 36th APEC Summit 2024 - Brunei
    • 37th APEC Summit 2025 - Republic of Korea

BIMSTECH Summit

  • BIMSTECH – Bay of Bengal Initiative for Multisectoral Technical and Economic Cooperation
  • Countries (7) : Bangladesh – India – Myanmar – Sri Lanka – Thailand – Bhutan – Nepal
  • 3rd BIMSTECH Summit 2014 : Nay Pyi Taw (Myanmar)
  • 4th BIMSTEC Summit 2017 be hosted by Nepal

Global Insurance Summit

  • 10th Global Insurance Summit (2017) : Mumbai

Arab League Summit

  • 2015 : Sharm El Sheikh, Egypt
  • 2016 : Noukchott, Mauritania
  • 2017 : Amman, Jordan

OPEC International Seminar

  • OPEC – Organization of Petroleum Exporting Countries
  • Recently Held and upcoming OPEC Summits :
    • 6th OPEC International Seminar 2015 : Vienna, Austria
    • 7th OPEC International Seminar 2018 : Vienna, Austria (20−21 June 2018)

IBSA Summit

  • IBSA Dilogue Forum (India, Brazil, South Africa) is an international tripartite grouping for promoting international cooperation among these countries.
  • 7th IBSA Summit 2017 : India (New Delhi)

Nuclear Security Summit

  • 3rd Nuclear Security Summit 2014 : The Hague, Netherlands
  • 4th Nuclear Security Summit 2016 : United States

East Asia Summit (EAS)

  • Establishment - 1991 by Malaysian Prime Minister Mahathir Mohamad.
  • Countries : Australia, Brunei, Cambodia, China, India, Indonesia, Japan, Laos, Malaysia, Myanmar, New Zealand, Philippines, Russia, Singapore, South Korea, Thailand, United States, Vietnam
  • The East Asia Summit (EAS) is a forum held annually.
  • EAS meetings are held after annual ASEAN leaders’ meetings.
  • The first summit was held in Kuala Lumpur, Malaysia on 14 December 2005.
  • Recently held EAST Asia Summits
    • The first summit was held in Kuala Lumpur, Malaysia on 14 December 2005.
    • 12th East Asia Summit 2017 – Philippines
    • 13th East Asia Summit 2018 - Singapore

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