Economics Flashcards
What is the full form of SEBI,,under which ministry does it operate,,,, when was it established ,, when did it became a statute.,, where is its HQ? who is the current chairman of SEBI?
The Securities and exchange board of India(SEBI)-regulatory body for securities and commodity market.
it operates under MoFinance
it was estd in april 1988,, it became a statute in Jan 1992 through [SEBI act,1992]
Hq- Bandra kurla complex in mumbai
current chairman is Madhabi Puri Buch (first female)
Cardless cash withdrawals will be made available in ATMs using ___________? why is such a change being adopted?
Unified payments interface.
help in containing frauds like skimming, card cloning, device tampering, etc. which happen in card withdrawals
The cash withdrawals using UPI is only permitted in few banks.
(only to thier customers,,, PNB atm only for PNB users)
what is the full form of ATM, what is the minimum and maximum amount a person can withdraw without using cards(i.e using UPI).?Who invented the ATM?
ATM-Automated teller machine
The cardless withdrawal request can be initiated for a minimum
of Rs.100 per transaction and up to a maximum of Rs10,000 per day or Rs. 25,000 per month
Inventor of ATM-John Adrian Shepherd-Barron
who is the governor of RBI?What is BHIM?Which is the worlds first ATM?India’s first ATM?
RBI- shaktikanta das
BHIM- Bharat Interface for money( National app for UPI payments)
Barclays Bank in its Enfield Town branch in North London, United Kingdom, on 27 June 1967(worlds first)
1987 by HSBC in Mumbai.(india’s first)
World bank slashes(reduces) India’s GDP forecast from ____ to ____ for the current fiscal year of 2022-23?which is the largest economy in the south asian region as per World bank? The GDP forecast for South asia was cut down to________?
8.7% to 8%..
India; 2nd largest is Pakistan
South asia-6.6%
Which country saw a positive GDP growth forecast ? as per World Bank;What was Sri lanka’s growth forecast amid its Economic crisis?Which country saw the highest depletion in growth forecast?
Pakistan,, growth forecast was from 3.4 to 4.3 %
The growth forecast of SL was increased to 2.4% from 2.1% but is subject to uncertainity due its crisis
Maldives from 11% to 7.6%
What is the role of world bank,, when was it established?
The World Bank is a vital source of financial and technical assistance to developing countries around the world,
Estd in 1944 in the Bretton Woods Conference along with IMF
Where is its HQ? which institutes are part of world bank group?
Hq- In washington DC
World bank group–The Multilateral Investment Guarantee Agency(MIGA),,The International Centre for Settlement of Investment Disputes(ICSID),,The International Finance Corporation(IFC),,,The International Development Association(IDA) and The International Bank for Reconstruction and Development(IBRD)
who is the current president of world bank,, first president??
David Robert Malpass(the president in most cases is an american)
First president -Eugene Meyer(in 1946)
Which are the 2 most important institutes of World bank that virtually form the world bank group?? What are its functions?
Together, IBRD and IDA form the World Bank
IDA focuses on the world‘s poorest countries
IBRD-IBRD assists middle-income and creditworthy poorer countries.
note -all 5 institutes of the world bank group are managed by thier member countries
remember the world bank is kind of a treaty
Who is the new chairman of TATA digital?which is the recent super app released by TATA digital?
N chandrasekaran( padma Bhushan winner) also the chairman of Air India
Tata Neu
he is the chairman of TATA sons too
He became the first non-Parsi and professional executive to head the Tata Group
When was TATA group founded,,by whom?Where is its HQ?
founded in 1868 by Jamshedji Tata
Hq in Mumbai.
when did ratan tata become the chairman of TATA group?
1991.
Paytm becomes first official digital payments partner for ________?
Pradhanmantri Sangrahalaya‘ (prime ministers‘ museum)
Who is the owner of Paytm?when wass paytm founded? who was its founder,, where is its HQ?
One 97 communications. Paytm estd. in 2010(august),, Founder-Vijay Shekhar Sharma(CEO),, Hq is in Noida
