Why MSF is aligned to bank rate or vice versa?

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MSF – Marginal standing facility is a window for banks to borrow from Reserve Bank of India in emergency situation when inter-bank liquidity dries up completely.

Banks borrow from the central bank by pledging government securities at a rate higher than the repo rate under liquidity adjustment facility or LAF in short.(which is 1% More than repo rate currently)
msf is aligned with the bank rate because both are penal rates for breaching the slr and crr limits.

Also msf is useful bcoz repo operations are available for only limited period during s day..which is not so for msf.. In which case the banks are permitted to borrow under msf in lieu of whatever excessive slr they have.

So,
1) if slr =22.50% this means- Borrowing allowed under MSF= 2% of NDTL
2) If SLR<22.50% This means borrowing allowes under MSF = 2% Of NDTL( kindly check it from other sources..not sure)
3) If SLR >22.50% Then Borrowing Allowed under MSF is 5% of NDTL.


What is Micro Insurance?

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What is Micro Insurance? – As per IRDA guideline micro insurance is where the amount insured is less than rupees 50000. Now micro insurance caters to the socially excluded groups or workers in unorganized sector who have little savings and extends life and general insurance products to them.

The scheme may be extended on the basis of pooling of community resources or on an individual basis. The premium amount is very less and at times returned under term insurance also.Thy are usually extended by a partner agent model where an agent which is an insurance company which designs the product while a MFI(usually an NBFC) who markets it.

The success of micro insurance depends on the no. of people paying the premium. A healthcare agent is also roped in as the health service provider.


What were the aftereffects of US not being part of LON?

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Aftereffects of US not being part of LON: absence of us made even Britain less enthusiastic.in fact Britain had accepted the obligations of leagues covenant hoping that USA with her vast resources would be by her side in new enterprises. It also created an atmosphere that big powers are unwilling to co-operate, also created a sense that LON is just an assemblage of victorious imperialists and their satellite states.

LON is established under the leadership of Britain-France,as Us denied to participate in the business of it, because american senate denied to participate,since 1823 on the basis of Munro’s doctorine, Us accepted the policy to stay apart from world politics, because that time situation was different,US wasn’t wish to enter in WW1, but due to some reasons its required to enter.


Reasons for the rise of communalism in India and what can be done to remedy it?

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Reasons for the rise of communalism in India and what can be done to remedy it?

Division is natural order and human beings find some way or the order to seclude themselves in groups with selective affiliates. Inside religions, we have sects, castes and religious denominations as further subdivisions.

As for rise in communalism it has been due to :

1) Ancient fault lines created by the British that eventually resulted in the division of India has left a deep impact on the psyche of the country. it created a line of suspicion for ever between the 2 communities making the country vulnerable to riots.

2) Polity of appeasement that has made the minority be suspicious of their existence and getting subsumed in the majority.

3) Anti social elements instigating the communal sentiments by making use of technology like social media.4) activities of foreign funded missionary activities converting the gullible section of the society.

Religion which was supposed to provide solace to man and connect him/her with God (seriously doubt if he exists) has eventually turned out to be one of the biggest dividing force (inter as well as intra religion) through out the world.

No institution other than religion has ever been manipulated so much in the history of mankind and that too for the wrong reasons. Hitler was a just a magnified manifestation at the world stage of all the little Hitlers that reside in majority of us. And with power in our hands, we show what we can do.


What is this fiscal deficit all about?

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Fiscal Deficit is nothing but total expenditures exceeding the revenue that a government generates.

In an ideal financial system, which has a balanced fiscal deficit, the cost of expenditure is low while production and growth is advancing. But when there is an increase in fiscal deficit it means that the government is spending too much while it is earning less.

Hence, it is important that the government keeps its expenses under control.

Government deficit or surplus is the difference between government receipts (mainly tax revenue) and government spending (i.e. salaries of government employees, social benefits, interest on the public debt) in a single year.

A deficit occurs when the outlays of a government exceed the inlays; a surplus is when revenues are higher than expenditure. This ratio is usually presented as a percent of gross domestic product (GDP).


Why some countries have more than one time zones?

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Why some countries have more than one time zones?

Many Countries have more than one time zones for different part of its territory. This id done purely on Economic interest. The Time gap between Western and Eastern most point of India is approximately close to 2 hours. But to avoid confusion India follows a single time zone. In North East States sun rises and sets early and in western part it raises and sets late ( in real sun doesn’t raise early or late, it is because of difference in longitude).

There is also a argument which states that because of this difference the North Est states are least developed compared to west as they waste precious man hours compared to west due to time lag. Some countries have adopted according to the location and hence they have different time zone.

It is actually better to have different time zones than one time zone.


List of Current Ministers in India – July 2014

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Here is a list of current ministers in India. This list is as on July, 2014.

1. Narendra Modi – Prime Minister and he is also minister for Personnel, Pensions and Public Grievances.

2. Rajnath Singh – Minister for Home affairs

3. Sushma Swaraj – Minister for External Affairs, Overseas Indian Affairs.

4. Arun Jaitley – Minister of Finance, Minister for Corporate Affairs, Minister for Defence.

5. Nitin Gadkari – Minister for Transport and Highway Shipping. He is also minister for Rural Development, Panchayat Raj, Drinking water and Sanitation.

6. D.V. Sadananda Gowda – Railway Minister.

7. Uma Bharati – Minister for Water Resources, River Development and Minister for Ganga rejuvenation

8. Ram Vilas Paswan – Minister for Consumer Affairs, Food and Public Distribution.

9. Kalraj Misra – Minister for Micro, Small and Medium Enterprises.

10. Menaka Gandhi – Minister for Women and Child Development.

11. Ananth Kumar – Minister for Chemicals and Fertilizers.

12. Ravishankar Prasad – Minister of Information Technology and Communication. He is also minister for Law and Justice.

13. Ashok Gajapathi Raju Pasupathi – Minister for Civil Aviation.

14. Harsimrat Kaur Badal – Minister for food processing industries.

15. Narendra Singh Tomar – Minister of mines, steel, laber and employment.

16. Smriti Irani – Minister for Human Resource Development.

17. Thaawar Chand Gehlot – Minister for Social Justice and Empowerment.

18. Dr. Harsh Vardhan – Minister for Health and Family Welfare.


Which High Court Declared CBI as Unconstitutional?

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Question:

Which High Court Declared CBI as Unconstitutional?

Hints:

1. The High Court ruled that the setup of the Central Bureau of Investigation was "unconstitutional" as it was not done through any constitutional law.
2. The High Court also stayed CBI from investigating cases.

Options:

A. Mumbai High Court

B. Chennai High Court

C. Gauhati High Court

D. Delhi High Court

Answer this Question


When was the CBI Established in India?

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Question:

When was the CBI Established in India?

Hints:

1. It was established before Independence.
2. It was renamed as Central Bureau of Investigation in 60s.

Options:

A. 1942

B. 1941

C. 1952

D. 1963

Answer this Question


Which city in India has longest day?

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Question:

Which city in India has longest days?

Hints:

1. It is a capital of Indian State
2. It is the only shared capital for two Indian states.

Options:

A. Ooty

B. Chandigarh

C. Mumbai

D. Jaipur

Answer this Question