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Government Launches VAJRA Scheme
Department of Science and Technology has launched VAJRA (Visiting Advanced Joint Research) Faculty scheme that enables NRIs and overseas scientific community to participate and contribute to research and development in India.
on 8th January 2017, during the 14th Pravasi Bharatiya Divas Convention, Prime Minister had announced that a new scheme called VAJRA (Visiting Advanced Joint Research) Faculty scheme would be launched by the Department of Science and Technology.
Salient Highlights
The Science and Engineering Research Board (SERB), a Statutory body of the Department of Science and Technology will implement the Scheme.
Under this scheme, foreign researchers abroad of Indian origin or otherwise can collaborate with faculties in public funded Indian institutions. The researchers would receive endowments at par with those in their own countries. They would be given USD 15,000 in the first month of residency and USD 10,000, for the remaining months.
The scheme would promote broad areas of research like energy, health, advance material among others.
Public funded academic institutions and national laboratories will be eligible for hosting the VAJRA Faculty.
The VAJRA faculty can reside in India for a minimum of 1 month and a maximum of 3 months a year.
The applications received from the interested foreign researchers would be evaluated by a Selection Committee of eminent scientists. The Committee will meet twice a year in January and July and make recommendations.
DST
Department of Science & Technology (DST) was established in May 1971 and functions under the ambit of Ministry of Science and Technology. The department functions with an objective of promoting new areas of Science & Technology. It acts as a nodal department for organising, coordinating and promoting S&T related activities in the country. The DST funds scientific projects in India and supports researchers in the country to attend conferences abroad and to conduct experimental works.
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Government Launches VAJRA Scheme
Department of Science and Technology has launched VAJRA (Visiting Advanced Joint Research) Faculty scheme that enables NRIs and overseas scientific community to participate and contribute to research and development in India.
on 8th January 2017, during the 14th Pravasi Bharatiya Divas Convention, Prime Minister had announced that a new scheme called VAJRA (Visiting Advanced Joint Research) Faculty scheme would be launched by the Department of Science and Technology.
Salient Highlights
The Science and Engineering Research Board (SERB), a Statutory body of the Department of Science and Technology will implement the Scheme.
Under this scheme, foreign researchers abroad of Indian origin or otherwise can collaborate with faculties in public funded Indian institutions. The researchers would receive endowments at par with those in their own countries. They would be given USD 15,000 in the first month of residency and USD 10,000, for the remaining months.
The scheme would promote broad areas of research like energy, health, advance material among others.
Public funded academic institutions and national laboratories will be eligible for hosting the VAJRA Faculty.
The VAJRA faculty can reside in India for a minimum of 1 month and a maximum of 3 months a year.
The applications received from the interested foreign researchers would be evaluated by a Selection Committee of eminent scientists. The Committee will meet twice a year in January and July and make recommendations.
DST
Department of Science & Technology (DST) was established in May 1971 and functions under the ambit of Ministry of Science and Technology. The department functions with an objective of promoting new areas of Science & Technology. It acts as a nodal department for organising, coordinating and promoting S&T related activities in the country. The DST funds scientific projects in India and supports researchers in the country to attend conferences abroad and to conduct experimental works.
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Civil Aviation Policy 2016
Shri Raju said that the centre-piece of the policy is to make regional air connectivity a reality. He said that the policy aims to take flying to the masses by making it affordable and convenient, establish an integrated eco-system which will lead to significant growth of the civil aviation sector to promote tourism, employment and balanced regional growth, enhance regional connectivity through fiscal support and infrastructure development and enhance ease of doing business through deregulation, simplified procedures and e-governance.
-PIB
Civil Aviation Policy 2016
Shri Raju said that the centre-piece of the policy is to make regional air connectivity a reality. He said that the policy aims to take flying to the masses by making it affordable and convenient, establish an integrated eco-system which will lead to significant growth of the civil aviation sector to promote tourism, employment and balanced regional growth, enhance regional connectivity through fiscal support and infrastructure development and enhance ease of doing business through deregulation, simplified procedures and e-governance.
-PIB
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Quality of life: Govt. Launches the index to Rank 116 Cities
The urban development minister M. Venkaiah Naidu has launched its first liveability index which will rank the country’s 116 major cities on the basis of the quality of life.
Salient Highlights
The index named ‘City Liveability Index’ will cover cities with a populationabove one million, including the capital cities.
The index will help cities to analyse where they stand in terms of the quality of life. It will help them to come up with interventions required to improve it.
The index will assess cities based on a comprehensive set of 79 parameters such as availability of roads, education, healthcare, mobility, employment opportunities, emergency response, grievance redressal, pollution, availability of open and green spaces, cultural and entertainment opportunities etc.
The rankings based on the index would be released in 2018.
Soon, the government will select the agency for undertaking the assessment and data collection for the rankings would be completed in the next 6 months.
Incentives to States
The urban development minister has disbursed Rs500 crore as an incentive to 16 states that have performed well in implementing urban reforms during 2016-17.
Andhra Pradesh has topped the list of 16 states with the highest score in implementing urban schemes. The second place has been occupied by Odisha which is followed by Jharkhand, Chattisgarh, Madhya Pradesh, Telangana, Rajasthan, Punjab, Kerala, Goa, Mizoram, Gujarat, Chandigarh, Uttar Pradesh and Maharashtra.
While ranking, the progress achieved by these states in terms of reforms like e-governance, an audit of accounts, tax revision policies, extent of tax revenue collection, energy and water audit, establishing state level financial intermediaries for resource mobilisation and credit rating was taken into account.
Further, it has been proposed by the government to increase the incentive fund to Rs 10,000 crore for the next three years to promote next generation urban reforms.
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Quality of life: Govt. Launches the index to Rank 116 Cities
The urban development minister M. Venkaiah Naidu has launched its first liveability index which will rank the country’s 116 major cities on the basis of the quality of life.
Salient Highlights
The index named ‘City Liveability Index’ will cover cities with a populationabove one million, including the capital cities.
The index will help cities to analyse where they stand in terms of the quality of life. It will help them to come up with interventions required to improve it.
The index will assess cities based on a comprehensive set of 79 parameters such as availability of roads, education, healthcare, mobility, employment opportunities, emergency response, grievance redressal, pollution, availability of open and green spaces, cultural and entertainment opportunities etc.
The rankings based on the index would be released in 2018.
Soon, the government will select the agency for undertaking the assessment and data collection for the rankings would be completed in the next 6 months.
Incentives to States
The urban development minister has disbursed Rs500 crore as an incentive to 16 states that have performed well in implementing urban reforms during 2016-17.
Andhra Pradesh has topped the list of 16 states with the highest score in implementing urban schemes. The second place has been occupied by Odisha which is followed by Jharkhand, Chattisgarh, Madhya Pradesh, Telangana, Rajasthan, Punjab, Kerala, Goa, Mizoram, Gujarat, Chandigarh, Uttar Pradesh and Maharashtra.
While ranking, the progress achieved by these states in terms of reforms like e-governance, an audit of accounts, tax revision policies, extent of tax revenue collection, energy and water audit, establishing state level financial intermediaries for resource mobilisation and credit rating was taken into account.
Further, it has been proposed by the government to increase the incentive fund to Rs 10,000 crore for the next three years to promote next generation urban reforms.
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Day-1(target UPSC_2018)
start your preparation from ncert books
Focus on polity, geography, economics.
Day-1
First task of today
Analysis syllabus & previous years question papers
Those who have any query regarding this feel free to ask me.
Join @UPSC_2018
Karpathuias.blogspot.in
Day-1(target UPSC_2018)
start your preparation from ncert books
Focus on polity, geography, economics.
Day-1
First task of today
Analysis syllabus & previous years question papers
Those who have any query regarding this feel free to ask me.
Join @UPSC_2018
Important (150) Banking Awareness, Economic points ⤵
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1. MICR code consists of how many digits?
Ans: 9 digits.(First three digits denotes city, next three digits representing the bank and the last three digits representing the bank branch)
2. What is the minimum limit in RTGS system?
Ans: 2 lakhs (there is no upper limit in RTGS)
3. What is full form of CTS?
Ans: Cheque Truncation System
4. Under which service, customers may access their bank account and perform basic transactions from any of the member branch offices.
Ans: Core Banking Solution (CBS)
5. Exchange of cash flow in different currency is known as:
Ans: Currency Swap
6. Assets or loans which stop performing after 90 days is known as:
Ans: Non Performing Asset (NPA)
7. Who controls the Monetary Policy in India?
Ans: RBI (Reserve Bank of India) 8. Which card is issued by NPCI (National Payments Corporation of India)?
Ans: RuPay Card
9. Definition of Current Account deficit:
Ans: A measurement of a country's trade in which the value of goods and services it imports exceeds the value of goods and services it exports.
10. Full form IFSC –
Ans: Indian Financial System Code
11. Commercial paper can be issued for a maximum period of:
Ans: 365 days or 1 year.
12. The Mutual funds in India follow accounting standards laid by:
Ans: SEBI (Securities and Exchange Board of India)
13. Minimum amount for Certificate of Deposit has been fixed at:
Ans: Rs. 1 Lakh
14. AML is a term mainly used in the financial and legal industries. Expand the term AML:
Ans: Anti Money Laundering
15. PIN is a number allocated to an individual and used to validate electronic transactions. Expand PIN:
Ans: Personal Identification Number
16. What is Repo rate?
Ans: It is the rate is the rate at which RBI lends money to the commercial banks.
17. What is Stale Cheque?
Ans: A cheque which is presented to a bank after 3 months from date of issue is considered as stale cheque and will often not be honored for cash or deposit at a bank.
18. What is Bancassurance?
Ans: The selling of life assurance and other insurance products and services by banking institutions.
19. The objective of KYC guidelines is to prevent banks from being used, intentionally or unintentionally, by criminal elements for money laundering or terrorist financing activities. What is the full form of KYC?
Ans: Know Your Customer (KYC)
20. Know Your Customer (KYC) guidelines are issued under:
Ans: Section 35A of the Banking Regulation Act, 1949
21. In BSBDA (Basic Savings Bank Deposit Account) the credits in a financial year does not exceed rupees:
Ans: Rs. 1 lakh
22. In BSBDA (Basic Savings Bank Deposit Account) the balance at any point of time does not exceed rupees:
Ans: Rs. 50,000
23. In BSBDA (Basic Savings Bank Deposit Account) the withdrawals and transfers in a month does not exceed rupees:
Ans: Rs. 10,000
24. At which rate RBI give loans to commercial banks?
Ans: Repo rate
25. Full form of CASA:
Ans: Current Account Saving Account
26. In what denominations Commercial Paper (CP) can be issued?
Ans: Rs. 5 lakh
27. What is the minimum denomination of Treasury bills to issue in India?
Ans: Rs. 25,000
28. Who cannot issue Certificate of Deposit (CD)?
Ans: Regional Rural Banks (RRBs) and Local Area Banks (LABs)
29. Expand ASBA:
Ans: Application Supported by Blocked Amount
30. Depositor Education and Awareness Fund (DEAF) is maintained with:
Ans: RBI
31. Cash Reserve Ratio (CRR) is the amount of funds that the banks have to keep with:
Ans: Central Bank (RBI)
32. What is the maximum amount per transaction NEFT limit for cash-based remittances to Nepal?
Ans: Rs. 50,000
33. What does CAR stands for?
Ans: Capital Adequacy Ratio
34. IFSC code consists of _ alpha numeric code.
Ans: 11 digits
(The IFSC is an 11 digit alpha numeric code, with the first four digits identifying the bank, fifth is numeric (kept 0) and the last six digits represent the bank branch.)
35. When money is lent or borrowed for one day or on overnight basis it is known as:
Ans: Call Money
36. When money is lent or bo
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1. MICR code consists of how many digits?
Ans: 9 digits.(First three digits denotes city, next three digits representing the bank and the last three digits representing the bank branch)
2. What is the minimum limit in RTGS system?
Ans: 2 lakhs (there is no upper limit in RTGS)
3. What is full form of CTS?
Ans: Cheque Truncation System
4. Under which service, customers may access their bank account and perform basic transactions from any of the member branch offices.
Ans: Core Banking Solution (CBS)
5. Exchange of cash flow in different currency is known as:
Ans: Currency Swap
6. Assets or loans which stop performing after 90 days is known as:
Ans: Non Performing Asset (NPA)
7. Who controls the Monetary Policy in India?
Ans: RBI (Reserve Bank of India) 8. Which card is issued by NPCI (National Payments Corporation of India)?
Ans: RuPay Card
9. Definition of Current Account deficit:
Ans: A measurement of a country's trade in which the value of goods and services it imports exceeds the value of goods and services it exports.
10. Full form IFSC –
Ans: Indian Financial System Code
11. Commercial paper can be issued for a maximum period of:
Ans: 365 days or 1 year.
12. The Mutual funds in India follow accounting standards laid by:
Ans: SEBI (Securities and Exchange Board of India)
13. Minimum amount for Certificate of Deposit has been fixed at:
Ans: Rs. 1 Lakh
14. AML is a term mainly used in the financial and legal industries. Expand the term AML:
Ans: Anti Money Laundering
15. PIN is a number allocated to an individual and used to validate electronic transactions. Expand PIN:
Ans: Personal Identification Number
16. What is Repo rate?
Ans: It is the rate is the rate at which RBI lends money to the commercial banks.
17. What is Stale Cheque?
Ans: A cheque which is presented to a bank after 3 months from date of issue is considered as stale cheque and will often not be honored for cash or deposit at a bank.
18. What is Bancassurance?
Ans: The selling of life assurance and other insurance products and services by banking institutions.
19. The objective of KYC guidelines is to prevent banks from being used, intentionally or unintentionally, by criminal elements for money laundering or terrorist financing activities. What is the full form of KYC?
Ans: Know Your Customer (KYC)
20. Know Your Customer (KYC) guidelines are issued under:
Ans: Section 35A of the Banking Regulation Act, 1949
21. In BSBDA (Basic Savings Bank Deposit Account) the credits in a financial year does not exceed rupees:
Ans: Rs. 1 lakh
22. In BSBDA (Basic Savings Bank Deposit Account) the balance at any point of time does not exceed rupees:
Ans: Rs. 50,000
23. In BSBDA (Basic Savings Bank Deposit Account) the withdrawals and transfers in a month does not exceed rupees:
Ans: Rs. 10,000
24. At which rate RBI give loans to commercial banks?
Ans: Repo rate
25. Full form of CASA:
Ans: Current Account Saving Account
26. In what denominations Commercial Paper (CP) can be issued?
Ans: Rs. 5 lakh
27. What is the minimum denomination of Treasury bills to issue in India?
Ans: Rs. 25,000
28. Who cannot issue Certificate of Deposit (CD)?
Ans: Regional Rural Banks (RRBs) and Local Area Banks (LABs)
29. Expand ASBA:
Ans: Application Supported by Blocked Amount
30. Depositor Education and Awareness Fund (DEAF) is maintained with:
Ans: RBI
31. Cash Reserve Ratio (CRR) is the amount of funds that the banks have to keep with:
Ans: Central Bank (RBI)
32. What is the maximum amount per transaction NEFT limit for cash-based remittances to Nepal?
Ans: Rs. 50,000
33. What does CAR stands for?
Ans: Capital Adequacy Ratio
34. IFSC code consists of _ alpha numeric code.
Ans: 11 digits
(The IFSC is an 11 digit alpha numeric code, with the first four digits identifying the bank, fifth is numeric (kept 0) and the last six digits represent the bank branch.)
35. When money is lent or borrowed for one day or on overnight basis it is known as:
Ans: Call Money
36. When money is lent or bo
rrowed for between 2 days and
14 days it is known as:
Ans: Notice money
37. When money is lent or borrowed for a period of more than 14 days, it is known as:
Ans: Term money
38. Treasury Bills and Certificate of Deposit are considered as the ____instruments.
Ans: negotiable money market
39. Commercial Paper (CP) is an unsecured money market instrument issued in the form of a _.
Ans: Promissory note.
40. What is the upper limit in Public Provident Fund (PPF)?
Ans: Rs. 1.5 lakhs
41. As per RBI guidelines, with effect from April 1, 2012, the validity period of Cheques, Demand Drafts, Pay Orders and Banker's Cheques is _.
Ans: 3 months
42. What is the time limit for an asset or loan to be declared as Non-Performing Asset?
Ans: 90 days
43. Deposit Insurance and Credit Guarantee Corporation (DICGC) does not cover:
Ans: Primary co-operative societies
44. RBI measure to liquidate the market:
Ans: Repo rate.
45. Full form of EFT:
Ans: Electronic Fund Transfer
46. Fastest mode of transaction:
Ans: RTGS
47. Alphanumeric code on cheque is known as:
Ans: Indian Financial System Code (IFSC)
48. Bank pays interest on savings account?
Ans: Daily Basis
49. What is the loan limit for education under priority sector for studies abroad?
Ans: Rs. 20 lakh
(Loans to individuals for educational purposes including vocational courses upto Rs.10 lakh for studies in India and Rs. 20 lakh for studies abroad are included under priority sector.)
50. RuPay Card is an Indian version of credit/debit card is launched by which organization:
Ans: NPCI (National Payments Corporation of India)
51. Fixed Deposit (FD)Account may be opened for a minimum period of:
Ans: 7 days
52. What is the minimum amount required to open a Fixed Deposit (FD)?
Ans: Rs.1000
53. The Banks has converted all ‘no - frills' accounts’ into:
Ans: Basic Savings Bank Deposit Accounts
54. 'Pradhan Mantri Jan Dhan Yojana' is a Scheme for:
Ans: Financial inclusion
55. How much overdraft facility to be provided in 'Pradhan Mantri Jan Dhan Yojana' scheme?
Ans: Rs. 5,000
56. In CBS, C stands for:
Ans: Core
57. In CRAR, A stands for:
Ans: Assets (Capital to Risk Weighted Assets Ratio)
58. IMPS - Immediate Payment Service is an interbank electronic instant mobile money transfer service through mobile phones in India, the facility is provided by:
Ans: NPCI (National Payment Corporation of India)
59. The Central Bank of India has adopted new measure of inflation:
Ans: Consumer Price Index (CPI)
60. When a cheque is torn into two or more pieces and presented for payment, such a cheque is called:
Ans: mutilated cheque
61. How much fee charged to file a complaint under Banking Ombudsman? Ans: Banking Ombudsman does not charge any fee
62. Who is the appellate authority in Banking Ombusdsman?
Ans Deputy Governor of RBI 63. If any customer is not satisfied by the decision of Banking Ombudsman, customer can appeal against the award before the appellate authority within how many days from the date of receipt?
Ans 30 days
64. ATMs or Cash Dispensing machine which are owned and operated by Non-Banking Financial Companies are called:
Ans: White Label ATMs.
65. RBI gave in-principle for Banking license to:
Ans: IDFC and Bandhan
66. Minimum capital requirement for new banks in private sector is:
Ans: Rs. 500 crore
67. A Non-Banking Financial Company (NBFC) is a company registered under the:
Ans: Companies Act, 1956
68. Minimum capital requirement for Non-Banking Financial Company (NBFC) is:
Ans: Rs. 500 crore
69. The NBFCs are allowed to accept/renew public deposits for a minimum period of:
Ans: 12 months ( and maximum period of 60 months)
70. A NBFCs cannot offer interest rates higher than the ceiling rate prescribed by RBI? What is the present ceiling?
Ans: 12.5 per cent per annum
71. Minimum capital requirementfor Foreign banks that want to set up operations in India is:
Ans: Rs. 500 crore
72. What is the minimum paid-up capital requirement of both small banks and payments banks in India?
Ans: Rs. 100 crore
73. RBI extended the timeline for full implementation of Basel III norms till:
Ans: 31 March 20
14 days it is known as:
Ans: Notice money
37. When money is lent or borrowed for a period of more than 14 days, it is known as:
Ans: Term money
38. Treasury Bills and Certificate of Deposit are considered as the ____instruments.
Ans: negotiable money market
39. Commercial Paper (CP) is an unsecured money market instrument issued in the form of a _.
Ans: Promissory note.
40. What is the upper limit in Public Provident Fund (PPF)?
Ans: Rs. 1.5 lakhs
41. As per RBI guidelines, with effect from April 1, 2012, the validity period of Cheques, Demand Drafts, Pay Orders and Banker's Cheques is _.
Ans: 3 months
42. What is the time limit for an asset or loan to be declared as Non-Performing Asset?
Ans: 90 days
43. Deposit Insurance and Credit Guarantee Corporation (DICGC) does not cover:
Ans: Primary co-operative societies
44. RBI measure to liquidate the market:
Ans: Repo rate.
45. Full form of EFT:
Ans: Electronic Fund Transfer
46. Fastest mode of transaction:
Ans: RTGS
47. Alphanumeric code on cheque is known as:
Ans: Indian Financial System Code (IFSC)
48. Bank pays interest on savings account?
Ans: Daily Basis
49. What is the loan limit for education under priority sector for studies abroad?
Ans: Rs. 20 lakh
(Loans to individuals for educational purposes including vocational courses upto Rs.10 lakh for studies in India and Rs. 20 lakh for studies abroad are included under priority sector.)
50. RuPay Card is an Indian version of credit/debit card is launched by which organization:
Ans: NPCI (National Payments Corporation of India)
51. Fixed Deposit (FD)Account may be opened for a minimum period of:
Ans: 7 days
52. What is the minimum amount required to open a Fixed Deposit (FD)?
Ans: Rs.1000
53. The Banks has converted all ‘no - frills' accounts’ into:
Ans: Basic Savings Bank Deposit Accounts
54. 'Pradhan Mantri Jan Dhan Yojana' is a Scheme for:
Ans: Financial inclusion
55. How much overdraft facility to be provided in 'Pradhan Mantri Jan Dhan Yojana' scheme?
Ans: Rs. 5,000
56. In CBS, C stands for:
Ans: Core
57. In CRAR, A stands for:
Ans: Assets (Capital to Risk Weighted Assets Ratio)
58. IMPS - Immediate Payment Service is an interbank electronic instant mobile money transfer service through mobile phones in India, the facility is provided by:
Ans: NPCI (National Payment Corporation of India)
59. The Central Bank of India has adopted new measure of inflation:
Ans: Consumer Price Index (CPI)
60. When a cheque is torn into two or more pieces and presented for payment, such a cheque is called:
Ans: mutilated cheque
61. How much fee charged to file a complaint under Banking Ombudsman? Ans: Banking Ombudsman does not charge any fee
62. Who is the appellate authority in Banking Ombusdsman?
Ans Deputy Governor of RBI 63. If any customer is not satisfied by the decision of Banking Ombudsman, customer can appeal against the award before the appellate authority within how many days from the date of receipt?
Ans 30 days
64. ATMs or Cash Dispensing machine which are owned and operated by Non-Banking Financial Companies are called:
Ans: White Label ATMs.
65. RBI gave in-principle for Banking license to:
Ans: IDFC and Bandhan
66. Minimum capital requirement for new banks in private sector is:
Ans: Rs. 500 crore
67. A Non-Banking Financial Company (NBFC) is a company registered under the:
Ans: Companies Act, 1956
68. Minimum capital requirement for Non-Banking Financial Company (NBFC) is:
Ans: Rs. 500 crore
69. The NBFCs are allowed to accept/renew public deposits for a minimum period of:
Ans: 12 months ( and maximum period of 60 months)
70. A NBFCs cannot offer interest rates higher than the ceiling rate prescribed by RBI? What is the present ceiling?
Ans: 12.5 per cent per annum
71. Minimum capital requirementfor Foreign banks that want to set up operations in India is:
Ans: Rs. 500 crore
72. What is the minimum paid-up capital requirement of both small banks and payments banks in India?
Ans: Rs. 100 crore
73. RBI extended the timeline for full implementation of Basel III norms till:
Ans: 31 March 20
19
74. SLR ((Statutory
Liquidity Ratio)is the amount a commercial banks needs to maintain in the form of _before providing credit to its customers.
Ans: cash, or gold, or govt. approved securities (Bonds)
75. _ is the rate at which banks borrow funds overnight from the Reserve Bank of India (RBI) against approved government securities.
Ans: Marginal Standing Facility (MSF)
76. Who issues Treasury bills (T-bills) in India?
Ans: Government of India
77. Treasury bills are available for a minimum amount of:
Ans: Rs. 25,000
78. Minimum & Maximum Limit of NEFT:
Ans: no limit
79. What is the rate of interest rate on provident fund for the current fiscal?
Ans: 8.75%
80. Govt. to implement GST (Goods & Services Tax) new indirect tax regime from:
Ans: 1st April 2016
81. RBI extends deadline for exchanging pre-2005 currency from June 30, 2015 to
Ans: December 31, 2015
82. How much amount RBI allows in 'Tap and pay' transactions without PIN?
Ans: Rs. 2000
83. RBI lifted a ban on carrying Indian bank notes of Rs 1,000 and Rs. 500 denominations to and from:
Ans: Nepal and Bhutan
84. C stands for in "KYC":
Ans: Customer
85. Pension scheme for unorganized sector:
Ans: Swavalamban
86. Full form of REIT:
Ans: Real State Investment Trust
87. Forward Market Commission merge with:
Ans: SEBI
88. Purpose of starting Minor account for 10 years children:
Ans: Financial inclusion
89. Full form of CVV:
Ans: Card Verification Value
90. Bank of International Settlement headquarter:
Ans: Switzerland
91. Who appoints Banking Ombudsman officer?
Ans: RBI
92. IFRS full form:
Ans: International Financial Reporting Standards.
93. Corporate Social Responsibility committee headed is by Ans: Anil Baijal
94. Which is the Regulatory body for RRBs?
Ans: NABARD
95. RBI policy related to money laundering?
Ans: Know Your Customer
96. Mutual funds regulated by:
Ans: SEBI (Securities and Exchange Board of India)
97. What is the full form of MTSS?
Ans: Money Transfer Service scheme
98. How much amount of money can RBI lend to a bank?
Ans: 2% of NDTL
99. What RBI does to Increase its Monetary Base?
Ans: OMO Open Market Operations
100. Which rate does RBI Reduces to Increase liquidity in market?
Ans: Repo Rate
101. After completion of 15 years, Public Provident Fund (PPF) can be extended up to how many years?
Ans: 5 years
102. Short term Money lending process is known as:
Ans: Call Money
103. Treasury bill tenure:
Ans: 91 days, 182 days, 364 days
104. Minimum limit for medium scale enterprises is Rs. 5 Cr. what is maximum limit?
Ans: 10 Cr.
105. Prime Lending Rate is replaced by:
Ans: Base rate
106. Banks cannot grant Loan below which rate:
Ans: Base Rate
107. If RBI reduces CRR, what happens:
Ans: Credit Supply increases, loans get cheaper.
108. Name the scheme to include every people under banking system:
Ans: Financial Inclusion
109. Special Drawing Right (SDR) is a monetary unit of:
Ans: IMF
110. Cheque which is not crossed is called:
Ans: Open cheque
111. Teaser rates are related to which type of loans:
Ans: Home loans
112. What is Teaser loan?
Ans: If a bank offers a slightly lower rate in the initial years and higher rate in later years, it is called a teaser loan.
113. The RBI policy rate which is purely an indicative rate used by RBI to signal long – term outlook on interest rates is:
Ans: Bank rate
114. The term ‘pre – shipment’ finance relates to:
Ans: export credit
115. A receipt listed in India and traded in rupees declaring ownership of shares of a foreign company:
Ans: Indian Depository Receipt (IDR)
116. With effect from July 2012, for calculating of lending rates, the RBI has advised banks to switch over to the:
Ans: Base Rate systems
117. Mobile banking fund transfer limit in a day:
Ans: Rs. 50,000
118. The seed capital of Bhartiya Mahila Bank is:
Ans: Rs.1000 crore
119. “Lender of the Last Resort” by Banks is known as:
Ans: RBI
120. “Fixed deposit” is also referred to as:
Ans: Term Deposit
121. The holidays for the banks are declared as per:
Ans: Negotiable Instruments Act
122. In banking business, when the borrowers avail a term Loan, initially
74. SLR ((Statutory
Liquidity Ratio)is the amount a commercial banks needs to maintain in the form of _before providing credit to its customers.
Ans: cash, or gold, or govt. approved securities (Bonds)
75. _ is the rate at which banks borrow funds overnight from the Reserve Bank of India (RBI) against approved government securities.
Ans: Marginal Standing Facility (MSF)
76. Who issues Treasury bills (T-bills) in India?
Ans: Government of India
77. Treasury bills are available for a minimum amount of:
Ans: Rs. 25,000
78. Minimum & Maximum Limit of NEFT:
Ans: no limit
79. What is the rate of interest rate on provident fund for the current fiscal?
Ans: 8.75%
80. Govt. to implement GST (Goods & Services Tax) new indirect tax regime from:
Ans: 1st April 2016
81. RBI extends deadline for exchanging pre-2005 currency from June 30, 2015 to
Ans: December 31, 2015
82. How much amount RBI allows in 'Tap and pay' transactions without PIN?
Ans: Rs. 2000
83. RBI lifted a ban on carrying Indian bank notes of Rs 1,000 and Rs. 500 denominations to and from:
Ans: Nepal and Bhutan
84. C stands for in "KYC":
Ans: Customer
85. Pension scheme for unorganized sector:
Ans: Swavalamban
86. Full form of REIT:
Ans: Real State Investment Trust
87. Forward Market Commission merge with:
Ans: SEBI
88. Purpose of starting Minor account for 10 years children:
Ans: Financial inclusion
89. Full form of CVV:
Ans: Card Verification Value
90. Bank of International Settlement headquarter:
Ans: Switzerland
91. Who appoints Banking Ombudsman officer?
Ans: RBI
92. IFRS full form:
Ans: International Financial Reporting Standards.
93. Corporate Social Responsibility committee headed is by Ans: Anil Baijal
94. Which is the Regulatory body for RRBs?
Ans: NABARD
95. RBI policy related to money laundering?
Ans: Know Your Customer
96. Mutual funds regulated by:
Ans: SEBI (Securities and Exchange Board of India)
97. What is the full form of MTSS?
Ans: Money Transfer Service scheme
98. How much amount of money can RBI lend to a bank?
Ans: 2% of NDTL
99. What RBI does to Increase its Monetary Base?
Ans: OMO Open Market Operations
100. Which rate does RBI Reduces to Increase liquidity in market?
Ans: Repo Rate
101. After completion of 15 years, Public Provident Fund (PPF) can be extended up to how many years?
Ans: 5 years
102. Short term Money lending process is known as:
Ans: Call Money
103. Treasury bill tenure:
Ans: 91 days, 182 days, 364 days
104. Minimum limit for medium scale enterprises is Rs. 5 Cr. what is maximum limit?
Ans: 10 Cr.
105. Prime Lending Rate is replaced by:
Ans: Base rate
106. Banks cannot grant Loan below which rate:
Ans: Base Rate
107. If RBI reduces CRR, what happens:
Ans: Credit Supply increases, loans get cheaper.
108. Name the scheme to include every people under banking system:
Ans: Financial Inclusion
109. Special Drawing Right (SDR) is a monetary unit of:
Ans: IMF
110. Cheque which is not crossed is called:
Ans: Open cheque
111. Teaser rates are related to which type of loans:
Ans: Home loans
112. What is Teaser loan?
Ans: If a bank offers a slightly lower rate in the initial years and higher rate in later years, it is called a teaser loan.
113. The RBI policy rate which is purely an indicative rate used by RBI to signal long – term outlook on interest rates is:
Ans: Bank rate
114. The term ‘pre – shipment’ finance relates to:
Ans: export credit
115. A receipt listed in India and traded in rupees declaring ownership of shares of a foreign company:
Ans: Indian Depository Receipt (IDR)
116. With effect from July 2012, for calculating of lending rates, the RBI has advised banks to switch over to the:
Ans: Base Rate systems
117. Mobile banking fund transfer limit in a day:
Ans: Rs. 50,000
118. The seed capital of Bhartiya Mahila Bank is:
Ans: Rs.1000 crore
119. “Lender of the Last Resort” by Banks is known as:
Ans: RBI
120. “Fixed deposit” is also referred to as:
Ans: Term Deposit
121. The holidays for the banks are declared as per:
Ans: Negotiable Instruments Act
122. In banking business, when the borrowers avail a term Loan, initially
they are given
a repayment holiday and this is referred as:
Ans: Moratorium
123. Regulator of Micro, Small and Medium enterprises in India:
Ans: SIDBI (Small Industries Development Bank of India)
124. A worldwide financial messaging network which exchanges between banks and financial institutions is known as:
Ans: Structured Financial Messaging System (SFMS)
125. The term “Smart Money” refers to:
Ans: Credits Card
126. The maximum deposit amount insured by DICGC?
Ans: Rs. 1 lakh per depositors across all banks
127. With reference to a cheque which is the ‘drawee bank’?
Ans: The bank upon which the cheque is drawn
128. In which of the following fund transfer mechanisms, can funds be moved from one bank to another and where the transaction is settled instantly without being bunched with any other transaction?
Ans: RTGS
129. Bad advances of a Bank are called:
Ans: Non – performing Asset
130. By increasing repo rate, the economy may observe the following effects:
Ans: rate of interest on loans and advances will be costlier
131. Increased interest rates, as is existing in the economy at present will:
Ans: mean higher cost of raw materials
132. The sole authority to issue and manage currency in India:
Ans: RBI
133. In India, one- rupee coins are issued by:
Ans: Govt. of India
134. Fixed deposits and recurring deposits are:
Ans: repayable after an agreed period
135. When a bank returns a cheque unpaid, it is called:
Ans: dishonour of the cheque
136. What is ‘Demat Accounts’?
Ans: Accounts in which shares of various companies are traded in electronic form
137. When the rate of inflation increases:
Ans: purchasing power of money decreases
138. Banks in India are regulated under:
Ans: Banking Regulation Act, 1949
139. Banking sector falls under which of the following sectors?
Ans: Service Sector
140. ASBA scheme is related to the purchase of:
Ans: IPO
141. In a bank, which of the following are the usual types of accounts?
Ans: Current accounts, Savings bank accounts and Term deposit accounts
142. The most powerful tool used by the Reserve Bank of India to control inflation is to:
Ans: raise interest rates
143. NEFT and RTGS in banking terminology speak of:
Ans: electronic fund transfer from bank to bank
144. The ownership of public sector banks rests:
Ans: jointly with the Government of India and the shareholders from the public
145. If a cheque is postdated, the bank on which it is drawn:
Ans: will not honour the cheque before the date of the cheque
146. Regulator of Capital Market in India:
Ans: SEBI
147. First Indian Bank to introduce credit card:
Ans: Central Bank of India
148. RBI nationalized in:
Ans: 1949
149. Loans of very small amounts given to low income groups is called:
Ans: Micro Credit
150.Than
150. RBI established in:
Ans: 1935
a repayment holiday and this is referred as:
Ans: Moratorium
123. Regulator of Micro, Small and Medium enterprises in India:
Ans: SIDBI (Small Industries Development Bank of India)
124. A worldwide financial messaging network which exchanges between banks and financial institutions is known as:
Ans: Structured Financial Messaging System (SFMS)
125. The term “Smart Money” refers to:
Ans: Credits Card
126. The maximum deposit amount insured by DICGC?
Ans: Rs. 1 lakh per depositors across all banks
127. With reference to a cheque which is the ‘drawee bank’?
Ans: The bank upon which the cheque is drawn
128. In which of the following fund transfer mechanisms, can funds be moved from one bank to another and where the transaction is settled instantly without being bunched with any other transaction?
Ans: RTGS
129. Bad advances of a Bank are called:
Ans: Non – performing Asset
130. By increasing repo rate, the economy may observe the following effects:
Ans: rate of interest on loans and advances will be costlier
131. Increased interest rates, as is existing in the economy at present will:
Ans: mean higher cost of raw materials
132. The sole authority to issue and manage currency in India:
Ans: RBI
133. In India, one- rupee coins are issued by:
Ans: Govt. of India
134. Fixed deposits and recurring deposits are:
Ans: repayable after an agreed period
135. When a bank returns a cheque unpaid, it is called:
Ans: dishonour of the cheque
136. What is ‘Demat Accounts’?
Ans: Accounts in which shares of various companies are traded in electronic form
137. When the rate of inflation increases:
Ans: purchasing power of money decreases
138. Banks in India are regulated under:
Ans: Banking Regulation Act, 1949
139. Banking sector falls under which of the following sectors?
Ans: Service Sector
140. ASBA scheme is related to the purchase of:
Ans: IPO
141. In a bank, which of the following are the usual types of accounts?
Ans: Current accounts, Savings bank accounts and Term deposit accounts
142. The most powerful tool used by the Reserve Bank of India to control inflation is to:
Ans: raise interest rates
143. NEFT and RTGS in banking terminology speak of:
Ans: electronic fund transfer from bank to bank
144. The ownership of public sector banks rests:
Ans: jointly with the Government of India and the shareholders from the public
145. If a cheque is postdated, the bank on which it is drawn:
Ans: will not honour the cheque before the date of the cheque
146. Regulator of Capital Market in India:
Ans: SEBI
147. First Indian Bank to introduce credit card:
Ans: Central Bank of India
148. RBI nationalized in:
Ans: 1949
149. Loans of very small amounts given to low income groups is called:
Ans: Micro Credit
150.Than
150. RBI established in:
Ans: 1935
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Impact of inclusion of the term -
On the termination of fixed term employment of the workman the workman is not entitled to any notice or pay in lieu thereof. However, by proposed inclusion of the Fixed Term Workman as one of the category of workman in the classification of workman in the Industrial Employment (Standing Orders) Act, 1946 , the Ministry intends to make such workman on fixed term employment eligible for all statutory benefits available to permanent workman proportionately accordingly to the period of service rendered by him. Even though his period of employment does not extend to the qualifying period of employment required in the statute.
· This step would ultimately benefit the workers as their working conditions would be at par with the regular employees including social security and other benefits. It would, on the one hand provide flexibility to the employers and on the other hand improve the working conditions of the workers already working for some fixed tenure only by way of contracts.
· It would also provide prescribed format of contract for engaging workers on fixed term employment, thereby avoiding any exploitation of such workers. The inclusion in the IE (SO) Act would define formally the conditions of employment on which the workman would be engaged for Fixed Term.
Impact of inclusion of the term -
On the termination of fixed term employment of the workman the workman is not entitled to any notice or pay in lieu thereof. However, by proposed inclusion of the Fixed Term Workman as one of the category of workman in the classification of workman in the Industrial Employment (Standing Orders) Act, 1946 , the Ministry intends to make such workman on fixed term employment eligible for all statutory benefits available to permanent workman proportionately accordingly to the period of service rendered by him. Even though his period of employment does not extend to the qualifying period of employment required in the statute.
· This step would ultimately benefit the workers as their working conditions would be at par with the regular employees including social security and other benefits. It would, on the one hand provide flexibility to the employers and on the other hand improve the working conditions of the workers already working for some fixed tenure only by way of contracts.
· It would also provide prescribed format of contract for engaging workers on fixed term employment, thereby avoiding any exploitation of such workers. The inclusion in the IE (SO) Act would define formally the conditions of employment on which the workman would be engaged for Fixed Term.
MSCI Index
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From UPSC perspective, following things are important:
🔘 Prelims level: What is MSCI index, Who releases it?
🔘 Mains level: How will change in China shares in MSCI index effect India’s interest
Last week, Morgan Stanley Capital International (MSCI), a widely-tracked global index provider, said it would add China’s local currency shares, referred to as China ‘A’ shares, to its benchmark emerging markets index, after three years of having rejected overtures on the same.
🔴 What is MSCI?
It is the world’s biggest index compiler, with more than $10 trillion in assets benchmarked to its products, with emerging markets alone accounting for $2 trillion.
🔴 Why are MSCI indices important?
The indices are closely tracked by global investors. Inclusion in MSCI Inc.’s stock indices opens up investment interest from foreign investors in a particular country and brings a stamp of financial credibility.
🔴 What is mainland China and why haven’t its shares been featured in the MSCI index so far?
It is an area under the direct jurisdiction of China and excludes special administrative regions of Hong Kong and Macau. Chinese mainland markets were not open to foreign investors.
So, foreign investors hitherto had access to non-mainland shares — those that are traded in the markets of Hong Kong and Macau. The non-mainland shares have been part of the MSCI Emerging Markets Index.
China has been working to ease restrictions on foreign investors, influencing MSCI’s decision now.
🔴 What happens now?
MSCI will add 222 China A shares (shares of large enterprises) starting next year. The stocks, which would represent a weightage of only 0.73% in the benchmark, will be included via a two-phase process in May and August next year.
🔴 How will this affect India?
Most experts see only minimal impact on the Indian market in terms of outflows.
However, MSCI has said it is open to adding more China A shares, provided it opens up its equity market further. If China continues to gain more weightage on the index, more money could well flow out of India.
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Karpathuias.blogspot.in
Join @UPSC_2018
@UPSC_2018
From UPSC perspective, following things are important:
🔘 Prelims level: What is MSCI index, Who releases it?
🔘 Mains level: How will change in China shares in MSCI index effect India’s interest
Last week, Morgan Stanley Capital International (MSCI), a widely-tracked global index provider, said it would add China’s local currency shares, referred to as China ‘A’ shares, to its benchmark emerging markets index, after three years of having rejected overtures on the same.
🔴 What is MSCI?
It is the world’s biggest index compiler, with more than $10 trillion in assets benchmarked to its products, with emerging markets alone accounting for $2 trillion.
🔴 Why are MSCI indices important?
The indices are closely tracked by global investors. Inclusion in MSCI Inc.’s stock indices opens up investment interest from foreign investors in a particular country and brings a stamp of financial credibility.
🔴 What is mainland China and why haven’t its shares been featured in the MSCI index so far?
It is an area under the direct jurisdiction of China and excludes special administrative regions of Hong Kong and Macau. Chinese mainland markets were not open to foreign investors.
So, foreign investors hitherto had access to non-mainland shares — those that are traded in the markets of Hong Kong and Macau. The non-mainland shares have been part of the MSCI Emerging Markets Index.
China has been working to ease restrictions on foreign investors, influencing MSCI’s decision now.
🔴 What happens now?
MSCI will add 222 China A shares (shares of large enterprises) starting next year. The stocks, which would represent a weightage of only 0.73% in the benchmark, will be included via a two-phase process in May and August next year.
🔴 How will this affect India?
Most experts see only minimal impact on the Indian market in terms of outflows.
However, MSCI has said it is open to adding more China A shares, provided it opens up its equity market further. If China continues to gain more weightage on the index, more money could well flow out of India.
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Karpathuias.blogspot.in
Join @UPSC_2018
Join @UPSC_2018
Karpathuias.blogspot.in
What are magnetars?
A magnetar is a type of neutron star with an extremely powerful magnetic field. The magnetic field decay powers the emission of high-energy electromagnetic radiation, particularly X-rays and gamma rays.
Karpathuias.blogspot.in
What are magnetars?
A magnetar is a type of neutron star with an extremely powerful magnetic field. The magnetic field decay powers the emission of high-energy electromagnetic radiation, particularly X-rays and gamma rays.
Happy learning and happy sharing.
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Karpathu IAS Academy
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Useful and Important Tips for Government Exam
Karpathu IAS is your one-stop Tamil platform for TNPSC preparation – Group 1, Group 2, Group 4, VAO & General Tamil (பொதுத்தமிழ்).
📚 We provide:
✔️ Daily Model Tests
✔️ Previous Year Question…
Useful and Important Tips for Government Exam
Karpathu IAS is your one-stop Tamil platform for TNPSC preparation – Group 1, Group 2, Group 4, VAO & General Tamil (பொதுத்தமிழ்).
📚 We provide:
✔️ Daily Model Tests
✔️ Previous Year Question…
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How was the Battle of Plassey fought?
At daybreak on 23rd June 1757, Siraj-ud-Daulah’s army marched out of the Plassey encampment and took up battle positions in a rough quarter circle around the English army. They were supported by a small army of French soldiers.
The French troops with 4 cannon occupied the mound around the larger tank, about half a mile from the English army. Between the larger tank nd the river were 2 heavy guns manned by Indian gunners. Behind these guns stood Mir Madan Khan, described as Siraj-ud-Daulah’s sole faithful commander, with 5,000 cavalry and 7,000 foot soldiers, all described as the pick of Siraj-ud-Daulah’s army.
The rest of Siraj-ud-Daulah’s army formed in a crescent facing the river, from the jungle covered hillock round to a point behind the mango grove. The commanders were, from the hillock, Raja Durlabh Ram, Yar Lutf Khan, and, on the left, Mir Jafar Khan, the principal traitor. The numbers in this crescent line were 45,000 infantry and cavalry with numerous guns.
Clive’s force was effectively surrounded and pinned against the river. His survival and success depended upon the treachery of Mir Jafar Khan and the other Indian commanders.
Clive watched the deployment of Siraj-ud-Daulah’s troops from the roof of the Plassey hunting lodge. As Mir Jafar Khan’s troops extended around the mango grove, outflanking his troops and finally threatening their rear, Clive must have wondered what would happen if the traitors betrayed him instead of their Nawab.
Both armies were in place by 8am. The French, under St Frais, fired the first gun, which acted as a signal for the opening of a heavy bombardment all along the line of Siraj-ud-Daulah’s army. The Indian line was enveloped in a cloud of powder smoke. The English guns returned the fire and inflicted considerable damage on Siraj-ud-Daulah’s troops.
Clive could not afford even the few casualties caused by the French and Indian gunfire. At the end of half an hour and with 30 casualties Clive pulled his line back behind the mound along the perimeter of the mango grove. The troops and guns posted in the brick kiln and the men in the hunting lodge remained in position.
Encouraged by the English withdrawal, Siraj-ud-Daulah’s guns moved nearer and continued their fire.
Clive’s men were now in cover. They dug in the mango grove mound for their guns to fire through, while Siraj-ud-Daulah’s cannon caused havoc only among the mango trees, firing over the heads of the English soldiers concealed behind the mound.
Clive’s guns resumed their fire with considerable effect, killing Indian gunners and causing supplies of their ammunition to explode, generating panic among the draft animals and clouds of powder smoke.
The battle was evenly pitched. Then even nature betrayed Siraj.
A heavy rainstorm came on, continuing for an hour. The English troops were used to campaigning in a country where the monsoon had such an impact. They produced tarpaulins and covered the artillery ammunition to keep it dry.
Siraj-ud-Daulah’s artillery did not have tarpaulins and much of their powder was ruined by the rain and rendered unusable. Their fire fell away.
Mir Madan Khan, Siraj-ud-Daulah’s one reliable commander, commanding on the right wing by the river, assumed that the English artillery must have suffered the same catastrophe as his own and launched an attack with his cavalry. They were met with a devastating discharge of gunfire at short range, which decimated and repelled the charging cavalry and mortally wounded Mir Madan Khan. The dying brave commander was brought to Siraj-ud-Daulah.
This was the crisis of the battle. While Mir Madan Khan lived and commanded in the key part of the battlefield, it was possible for Siraj-ud-Daulah to win the battle. Without that capable and faithful commander he was at the mercy of the other three commanders, all disloyal.
Siraj-ud-Daulah sent for Mir Jafar Khan, threw his turban on the ground and begged Mir Jafar to protect him.
Mir Jafar promised to defend him to the utmost, the
Karpathuias.blogspot.in
How was the Battle of Plassey fought?
At daybreak on 23rd June 1757, Siraj-ud-Daulah’s army marched out of the Plassey encampment and took up battle positions in a rough quarter circle around the English army. They were supported by a small army of French soldiers.
The French troops with 4 cannon occupied the mound around the larger tank, about half a mile from the English army. Between the larger tank nd the river were 2 heavy guns manned by Indian gunners. Behind these guns stood Mir Madan Khan, described as Siraj-ud-Daulah’s sole faithful commander, with 5,000 cavalry and 7,000 foot soldiers, all described as the pick of Siraj-ud-Daulah’s army.
The rest of Siraj-ud-Daulah’s army formed in a crescent facing the river, from the jungle covered hillock round to a point behind the mango grove. The commanders were, from the hillock, Raja Durlabh Ram, Yar Lutf Khan, and, on the left, Mir Jafar Khan, the principal traitor. The numbers in this crescent line were 45,000 infantry and cavalry with numerous guns.
Clive’s force was effectively surrounded and pinned against the river. His survival and success depended upon the treachery of Mir Jafar Khan and the other Indian commanders.
Clive watched the deployment of Siraj-ud-Daulah’s troops from the roof of the Plassey hunting lodge. As Mir Jafar Khan’s troops extended around the mango grove, outflanking his troops and finally threatening their rear, Clive must have wondered what would happen if the traitors betrayed him instead of their Nawab.
Both armies were in place by 8am. The French, under St Frais, fired the first gun, which acted as a signal for the opening of a heavy bombardment all along the line of Siraj-ud-Daulah’s army. The Indian line was enveloped in a cloud of powder smoke. The English guns returned the fire and inflicted considerable damage on Siraj-ud-Daulah’s troops.
Clive could not afford even the few casualties caused by the French and Indian gunfire. At the end of half an hour and with 30 casualties Clive pulled his line back behind the mound along the perimeter of the mango grove. The troops and guns posted in the brick kiln and the men in the hunting lodge remained in position.
Encouraged by the English withdrawal, Siraj-ud-Daulah’s guns moved nearer and continued their fire.
Clive’s men were now in cover. They dug in the mango grove mound for their guns to fire through, while Siraj-ud-Daulah’s cannon caused havoc only among the mango trees, firing over the heads of the English soldiers concealed behind the mound.
Clive’s guns resumed their fire with considerable effect, killing Indian gunners and causing supplies of their ammunition to explode, generating panic among the draft animals and clouds of powder smoke.
The battle was evenly pitched. Then even nature betrayed Siraj.
A heavy rainstorm came on, continuing for an hour. The English troops were used to campaigning in a country where the monsoon had such an impact. They produced tarpaulins and covered the artillery ammunition to keep it dry.
Siraj-ud-Daulah’s artillery did not have tarpaulins and much of their powder was ruined by the rain and rendered unusable. Their fire fell away.
Mir Madan Khan, Siraj-ud-Daulah’s one reliable commander, commanding on the right wing by the river, assumed that the English artillery must have suffered the same catastrophe as his own and launched an attack with his cavalry. They were met with a devastating discharge of gunfire at short range, which decimated and repelled the charging cavalry and mortally wounded Mir Madan Khan. The dying brave commander was brought to Siraj-ud-Daulah.
This was the crisis of the battle. While Mir Madan Khan lived and commanded in the key part of the battlefield, it was possible for Siraj-ud-Daulah to win the battle. Without that capable and faithful commander he was at the mercy of the other three commanders, all disloyal.
Siraj-ud-Daulah sent for Mir Jafar Khan, threw his turban on the ground and begged Mir Jafar to protect him.
Mir Jafar promised to defend him to the utmost, the
n rode back to his wing of the army and
sent a letter to Clive informing him of the death of Mir Madan Khan and urging him to attack without delay. This letter did not reach Clive during the battle.
Siraj-ud-Daulah then spoke to his other two commanders. Raja Durlabh Ram, who was with Jaffar, urged Siraj-ud-Daulah to order his army to return to the camp and leave the camp himself. Siraj-ud-Daulah adopted this advice and left on a camel for his capital, Murshidabad, with an escort of 2,000 horsemen.
The three treacherous generals began the withdrawal to the camp, the artillery leading the column. They were constrained in their treachery in that theirs was a personal contract with the English, while the rest of the army was generally still faithful to their Nawab, Siraj-ud-Daulah.
When Mir Jafar Khan reached the point opposite the western end of the mango grove, his troops left the column and wheeled towards the English positions. Mir Jafar Khan’s intentions were still unclear and Clive was uncertain whether the troops approaching his line were Mir Jafar’s. A small English detachment with a field gun was given the task of halting this approach, which it did.
It soon became clear to Clive that the substantial Indian force, motionless but in a position that appeared to threaten his right flank, must be the troops of Mir Jafar Khan. Free from anxiety of an assault by this force, Clive launched successful attacks on the hill were the French troops were stationed.
From then on, resistance by Siraj-ud-Daulah’s army ebbed away and, by 5pm the English were in possession of Siraj-ud-Daulah’s camp and the battle was over.
For a battle which changed the course of Indian history, the casualties were very not many. Clive’s army suffered casualties of 23 dead and 49 wounded. The casualties of Siraj-ud-Daulah’s army were around 500 dead and many wounded.
The Battle of Plassey set the course for the establishment of the British Empire in India and the Far East.
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sent a letter to Clive informing him of the death of Mir Madan Khan and urging him to attack without delay. This letter did not reach Clive during the battle.
Siraj-ud-Daulah then spoke to his other two commanders. Raja Durlabh Ram, who was with Jaffar, urged Siraj-ud-Daulah to order his army to return to the camp and leave the camp himself. Siraj-ud-Daulah adopted this advice and left on a camel for his capital, Murshidabad, with an escort of 2,000 horsemen.
The three treacherous generals began the withdrawal to the camp, the artillery leading the column. They were constrained in their treachery in that theirs was a personal contract with the English, while the rest of the army was generally still faithful to their Nawab, Siraj-ud-Daulah.
When Mir Jafar Khan reached the point opposite the western end of the mango grove, his troops left the column and wheeled towards the English positions. Mir Jafar Khan’s intentions were still unclear and Clive was uncertain whether the troops approaching his line were Mir Jafar’s. A small English detachment with a field gun was given the task of halting this approach, which it did.
It soon became clear to Clive that the substantial Indian force, motionless but in a position that appeared to threaten his right flank, must be the troops of Mir Jafar Khan. Free from anxiety of an assault by this force, Clive launched successful attacks on the hill were the French troops were stationed.
From then on, resistance by Siraj-ud-Daulah’s army ebbed away and, by 5pm the English were in possession of Siraj-ud-Daulah’s camp and the battle was over.
For a battle which changed the course of Indian history, the casualties were very not many. Clive’s army suffered casualties of 23 dead and 49 wounded. The casualties of Siraj-ud-Daulah’s army were around 500 dead and many wounded.
The Battle of Plassey set the course for the establishment of the British Empire in India and the Far East.
#KarpathuIAS
Join @UPSC_2018
#KarpathuIAS
Join @UPSC_2018
What is Carbon Sequestration ?
Carbon sequestration describes long-term storage of carbon dioxide or other forms of carbon to either mitigate or defer global warming and avoid dangerous climate change. It has been proposed as a way to slow the atmospheric and marine accumulation of greenhouse gases, which are released by burning fossil fuels.
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What is Carbon Sequestration ?
Carbon sequestration describes long-term storage of carbon dioxide or other forms of carbon to either mitigate or defer global warming and avoid dangerous climate change. It has been proposed as a way to slow the atmospheric and marine accumulation of greenhouse gases, which are released by burning fossil fuels.
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Why did Hitler choose Compiegne for the French surrender?
When Adolf Hitler received word from the French government that they wished to negotiate surrender (armistice), Hitler selected Compiègne Forest as the site for the negotiations. Hitler, waiting for the French delegation at Compiegne - a place about fifty miles northeast of Paris - had a special plan in place for a special railway car. The arriving Frenchmen, set to surrender their country to Nazi control on the 22nd of June, in 1940, recognized the railway carriage and instantly realized Hitler’s objectives.
This was the supreme moment of Hitler’s revenge. This was the reason why a disenchanted ordinary German soldier in World War I took command of his destiny, changed the fate of Germany, and then launched World War II.
It all comes down to a railway carriage.
Hitler would make France surrender in the very train car, at the very place, where Germany had surrendered to France at the end of World War I.
The Armistice of 11 November 1918 was signed during the First World War between the Allies and Germany – also known as the Armistice of Compiègne after the location in which it was signed – and the agreement ended the fighting on the Western Front. It went into effect at 11 a.m. Paris time on 11 November 1918 ("the eleventh hour of the eleventh day of the eleventh month"), and marked a victory for the Allies and a complete defeat for Germany.
The German generals who had come to sign the armistice were made to believe that the terms of surrender will be negotiated (US President Woodrow Wilson did not want harsh terms imposed on Germany). However, Britain and France were determined to make an example out of Germany, and to pin the entire responsibility of First World War on Germany.
The terms of the armistice were largely written by French Marshal and Supreme Commander of the Allied Armies Ferdinand Foch. In fact, it was he who ensured that the German generals felt humiliated enough.
The armistice was signed in a carriage of Foch's private train, CIWL #2419 (Compiègne Wagon).
To prove his superiority, Foch appeared only twice in the three days of negotiations: on the first day, to ask the German delegation what they wanted, and on the last day, to see to the signatures.
There was no question of negotiation. The Germans were able to correct a few impossible demands (for example, the decommissioning of more submarines than their fleet possessed), extended the schedule for the withdrawal and registered their formal protest at the harshness of Allied terms. But they were in no position to refuse to sign.
So the Generals signed on the harsh conditions and accepted the armistice. The humiliation of Germany was complete. While the rest of the world, including many Germans, decided to move on, Adolf Hitler – then an ordinary soldier recovering from an injury - would prove in 1940 that he neither forgot the incident, nor forgave France for it.
Meanwhile, France went a step ahead and decided to make a monument out of the Compiegne railways carriage.
They made a museum around the carriage, and filled it with symbols of German defeat. They built a statue of Foch overseeing the museum.
There it remained, a monument to the defeat of Germany, until 22 June 1940, when swastika-bedecked German staff cars bearing Adolf Hitler, Hermann Göring, Wilhelm Keitel, Joachim von Ribbentrop and others swept into the museum.
In the centre of the museum was a great granite block which stood some three feet above the ground. Hitler stepped up, and read the inscription engraved in great high letters on that block. It said: "HERE ON THE ELEVENTH OF NOVEMBER 1918 SUCCUMBED THE CRIMINAL PRIDE OF THE GERMAN EMPIRE... VANQUISHED BY THE FREE PEOPLES WHICH IT TRIED TO ENSLAVE."
Hitler got the carriage extracted from the museum and got it placed at the exact same place as it was during the signing of the 1918 armistice. It was now time to invite the French generals.
Hitler choreographed every move to match that of France in 1918. He sat
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Why did Hitler choose Compiegne for the French surrender?
When Adolf Hitler received word from the French government that they wished to negotiate surrender (armistice), Hitler selected Compiègne Forest as the site for the negotiations. Hitler, waiting for the French delegation at Compiegne - a place about fifty miles northeast of Paris - had a special plan in place for a special railway car. The arriving Frenchmen, set to surrender their country to Nazi control on the 22nd of June, in 1940, recognized the railway carriage and instantly realized Hitler’s objectives.
This was the supreme moment of Hitler’s revenge. This was the reason why a disenchanted ordinary German soldier in World War I took command of his destiny, changed the fate of Germany, and then launched World War II.
It all comes down to a railway carriage.
Hitler would make France surrender in the very train car, at the very place, where Germany had surrendered to France at the end of World War I.
The Armistice of 11 November 1918 was signed during the First World War between the Allies and Germany – also known as the Armistice of Compiègne after the location in which it was signed – and the agreement ended the fighting on the Western Front. It went into effect at 11 a.m. Paris time on 11 November 1918 ("the eleventh hour of the eleventh day of the eleventh month"), and marked a victory for the Allies and a complete defeat for Germany.
The German generals who had come to sign the armistice were made to believe that the terms of surrender will be negotiated (US President Woodrow Wilson did not want harsh terms imposed on Germany). However, Britain and France were determined to make an example out of Germany, and to pin the entire responsibility of First World War on Germany.
The terms of the armistice were largely written by French Marshal and Supreme Commander of the Allied Armies Ferdinand Foch. In fact, it was he who ensured that the German generals felt humiliated enough.
The armistice was signed in a carriage of Foch's private train, CIWL #2419 (Compiègne Wagon).
To prove his superiority, Foch appeared only twice in the three days of negotiations: on the first day, to ask the German delegation what they wanted, and on the last day, to see to the signatures.
There was no question of negotiation. The Germans were able to correct a few impossible demands (for example, the decommissioning of more submarines than their fleet possessed), extended the schedule for the withdrawal and registered their formal protest at the harshness of Allied terms. But they were in no position to refuse to sign.
So the Generals signed on the harsh conditions and accepted the armistice. The humiliation of Germany was complete. While the rest of the world, including many Germans, decided to move on, Adolf Hitler – then an ordinary soldier recovering from an injury - would prove in 1940 that he neither forgot the incident, nor forgave France for it.
Meanwhile, France went a step ahead and decided to make a monument out of the Compiegne railways carriage.
They made a museum around the carriage, and filled it with symbols of German defeat. They built a statue of Foch overseeing the museum.
There it remained, a monument to the defeat of Germany, until 22 June 1940, when swastika-bedecked German staff cars bearing Adolf Hitler, Hermann Göring, Wilhelm Keitel, Joachim von Ribbentrop and others swept into the museum.
In the centre of the museum was a great granite block which stood some three feet above the ground. Hitler stepped up, and read the inscription engraved in great high letters on that block. It said: "HERE ON THE ELEVENTH OF NOVEMBER 1918 SUCCUMBED THE CRIMINAL PRIDE OF THE GERMAN EMPIRE... VANQUISHED BY THE FREE PEOPLES WHICH IT TRIED TO ENSLAVE."
Hitler got the carriage extracted from the museum and got it placed at the exact same place as it was during the signing of the 1918 armistice. It was now time to invite the French generals.
Hitler choreographed every move to match that of France in 1918. He sat