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Banking Awareness 2021

Taxation Laws (Second Amendment) Bill 2016

On 29 November 2016, government has introduced and passed the amendments to the Income Tax Act in Lok Sabha. Therefore now this enables the imposition of a higher penalty and tax rate on assessees of unexplained deposits.  The Taxation Laws (Second Amendment) Bill, 2016 also proposes to introduce a scheme named the 'Pradhan Mantri Garib Kalyan Yojana, 2016' as the name...
Posted on: 30th November 2016 Read more →

Banking and Financial Awareness 1 September - 7 September 2015

To ensure effective transmission of its policy rate decisions by banks, RBI on 1 September 2015 proposed which methodology for calculation of their base lending rates on the basis of marginal cost of funds?: Uniform methodology Explanation: In the first Bi-monthly Monetary Policy Statement 2015-16 in April, RBI had said that in order to improve the efficiency of monetary policy.....
Posted on: 07th September 2015 Read more →

Banking and Financial Awareness 25 August 2015 - 31 August 2015

The Central government on 25 August 2015 released the data on Population by Religious Communities of Census 2011. Which entity of the government is responsible to release this data?: The Registrar General and Census Commissioner of India Explanation: The distribution is total population by six major religious communities namely, Hindu, Muslim, Christian, Sikh, Buddhist, Jain...
Posted on: 31st August 2015 Read more →

Banking and Financial Awareness 18 August 2015 - 24 August 2015

What is the name of the website which is launched on 20 August 2015 for students seeking educational loans?: vidyalakshmi.co.in Explanation: The portal has been developed and maintained by NSDL e-governance infrastructure limited (NSDL e-Gov) under the guidance of department of financial services in the finance ministry, department of higher education, ministry of human resource......
Posted on: 24th August 2015 Read more →

Banking and Financial Awareness 10 August 2015 - 17 August 2015

In the eve of 'Raksha Bandhan' festival, the government plans to launch which drive to push its flagship social security plans through innovative schemes like gift cheques and special deposits?: 'Suraksha Bandhan' Explanation: Raksha Bandhan, to be celebrated on August 29, is a festival where brothers traditionally give gifts to their sisters and vow to protect them......
Posted on: 17th August 2015 Read more →

Banking and Financial Awareness 1 August 2015 - 9 August 2015

According to National Sample Survey Organization, 73% of which state population still uses kerosene for lighting?: Rural Bihar Explanation: The latest survey released by the National Sample Survey Organization (NSSO) has revealed that in rural areas, subsidized kerosene was used in less than 1% of kitchens, which relied largely on firewood and chips as the primary source of......
Posted on: 09th August 2015 Read more →

Banking and Financial Awareness 27 July 2015 - 31 July 2015

Prime Minister Narendra Modi on 25 July 2015 launched Deendayal Upadhyay Gram Jyoti Yojana (DDUGJY) along with various other development projects in which in India?: Patna Explanation: The DeenDayal Upadhyaya Gram Jyoti Yojana for rural areas was launched to fulfil the following objectives: To provide electrification to all villages Feeder separation to ensure......
Posted on: 31st July 2015 Read more →

Banking and Financial Awareness 21 July 2015 - 26 July 2015

Prime Minister Narendra Modi on 20 July 2015 launched the National Career Counselling (NCS) Portal as part of an endeavour to modernise all government-run employment exchanges. To registered with NCS, in the beginning the job seekers have been asked to furnish which primary detail?: Aadhaar number Explanation: The National Career Service (NSC) portal was launched at the 46th......
Posted on: 26th July 2015 Read more →

Banking and Financial Awareness 13 July 2015 - 20 July 2015

Which two factors are key to rural deprivation according to the census on 12 July 2015?: Landlessness and dependence on manual casual labour for a livelihood Explanation: The rural census mapped deprivation on the basis of seven indicators — households with kuchha house; without adult member in working age; headed by a woman and without an adult male in working age; with......
Posted on: 20th July 2015 Read more →

Banking and Financial Awareness 5 July 2015 - 12 July 2015

The Jeevan Pramaan scheme, an Aadhaar-based digital life certificate for pensioners, launched by Prime Minister Narendra Modi on 4 July 2015. What is the main objective / benefit of this digital certificate?: Provides proof of a pensioner's existence to authorities for continuity of pension every year Explanation: At present, 5 million individuals draw pension from the central......
Posted on: 12th July 2015 Read more →