Showing posts with label Commerce. Show all posts
Showing posts with label Commerce. Show all posts

4/23/2017

TNPSC - Economics and Commerce Questions with Answers

4/23/2017
1. Decimal system was introduced n Indian Monetary system from? 1957
2. Pus-Sugandha-5 is a variety of - Paddy
3. Kisan Credit Card Scheme was launched - 1998-99
4. Who is said to be Father of Economics - Adam Smith
5. The sate in which total cost equals to total revenue is called - Break even point
6. Market Economy means - Availability of Competitions
7. Zero Base Budgeting in government budget was at first prepared in - America
8. Economic problem mainly arises due to - Scarity of resources
9. Four Factor of Production are - Land, Labour, Capital and Organisation
10. Who Said, ; Supply decides its demand at its own'?. I.B.Saw
11. Amartya Sen received Nobel Prize of Economy in  - 1998
12. The person described economic drainage theory at the British Time - Dadabhai Nauroji
13 Principle of Trusteeship was proposed by - M.K.Gandhi
14. Indian Economy may be termed as - A Developin Economy
15. Human Development Index was developed by - Pakistani economist Mahbub ul Haq
16. Second Five year plan was based on - Mahalbobis Model
17. Who wrote 'Wealth of Nations' - Adam Smisth
18. Who was Agrilculture Minister at the time of Green Revolution (1966) - C.Subramanyam.
19. National Dairy Development Board was established in - 1970
20. Two factors that influence per capita income are - National Income and Population

11/05/2016

List of Five year plan and Details of NITI Aayog for all Exams Preparation

11/05/2016 0
List of Five year plan and Details of NITI Aayog for all Exams Preparation
Five year Plan

     What is Five year Plane?: Five Year Plans is centralized and integrated National Economic Programs. First implemented Five year plan in the Soviet Union (Present Russia) in the late 1920s by Joseph Stalin . India launched its First Five year plan in 1951,  Jawaharlal Nehru was the first Chairman of the Planning Commission.

List of Five year Plan and Its Target
  1. First Five Plan - 1951–1956  -  Target: 2.1 and Achieved: 3.61 (The First Five Year Plan was based on the Harrod–Domar model)
  2. Second Five Plan - 1956–1961 - Target: 4.5  and Achieved: 4.27 (The Second Five Year Plan was based on the Mahalanobis model)
  3. Third Five Plan - 1961–1966 - Target: 5.6 and Achieved: 2.84
  4. Fourth Five Plan - 1969–1974 - Target: 5.7 and Achieved: 3.30
  5. Fifth Five Plan - 1974–1978 - Target: 4.4  and Achieved: 4.80
  6. Sixth Five Plan - 1980–1985 -  Target: 5.2 and Achieved: 5.66
  7. Seventh Five Plan - 1985–1990 - Target: 5.0 and Achieved: 6.01
  8. Eighth Five Plan - 1992–1997 - Target: 5.6 and Achieved: 6.78 
  9. Ninth Five Plan - 1997–2002 - Target: 57.6 and Achieved: 43.3
  10. Tenth Five Plan - 2002–2007 -  Target: 52.9 and Achieved: 47.8
  11. Eleventh Five Plan - 2007–2012 - Target: 47.8 and Achieved: 45.7
  12. Twelfth Five Plan - 2012–2017 - Target: 45.2 and Achieved: 34.3   
Rolling Plan and Annual Plan
  1. Rolling Plan  - 1978–1980 
  2. Annual Plans - 1990–1992
NITI Aayog (National Institution for Transforming India): National Institution for Transforming India Aayog is a Government of India policy think-tank established by Prime Minister Narendra Modi after his having dissolved the Planning Commission. The Union Government of India announced formation of NITI Aayog on 01.01.2015 and the first meeting of NITI Aayog was held on 08.02.2015. Here given the details of Chairman and Members of NITI Aayog etc.         
Chairperson: Shri Narendra Modi, Hon'ble Prime Minister of India

Vice Chairperson: Shri Arvind Panagariya

Full-Time Members
  1. Shri Bibek Debroy
  2. Shri V.K. Saraswat
  3. Prof. Ramesh Chand
Ex-officio Members
  1. Shri Rajnath Singh, Minister of Home Affairs 
  2. Shri Arun Jaitley, Minister of Finance; Minister of Corporate Affairs; and Minister of Information and Broadcasting
  3. Shri Suresh Prabhu, Minister of Railways 
  4. Shri Radha Mohan Singh, Minister of Agriculture
Special Invitees
  1. Shri Nitin Gadkari, Minister of Road Transport and Highways; and Minister of Shipping
  2. Shri Thawar Chand Gehlot,Minister of Social Justice and Empowerment 
  3. Smt. Smriti Zubin Irani, Minister of Human Resource Development.
Chief Executive Officer: Smt. Sindhushree Khullar

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References: 

9/13/2016

History of Stock Exchanges In India

9/13/2016 0
History of Stock Exchanges In India
History of Stock Exchanges In India: 
  • History of Indian Stock Market: Indian stock market marks to be one of the oldest stock market in Asia. It dates back to the close of 18th century when the East India Company used to transact loan securities. In the 1830s, trading on corporate stocks and shares in Bank and Cotton presses took place in Bombay.  13 Though the trading was broad but the brokers were hardly half dozen during 1840 and 1850.
  • An informal group of 22 stockbrokers began trading under a banyan tree opposite the Town Hall of Bombay from the mid-1850s, each investing a (then) princely amount of Rupee 1. This banyan tree still stands in the Horniman Circle Park, Mumbai. In 1860, the exchange flourished with 60 brokers. In fact the 'Share Mania' in India began with the American Civil War broke and the cotton supply from the US to Europe stopped. Further the brokers increased to 250. The informal group of stockbrokers organized themselves as the The Native Share and Stockbrokers Association which, in 1875, was formally organized as the Bombay Stock Exchange (BSE).
  • BSE was shifted to an old building near the Town Hall. In 1928, the plot of land on which the BSE building now stands (at the intersection of Dalal Street, Bombay Samachar Marg and Hammam Street in downtown Mumbai) was acquired, and a building was constructed and occupied in 1930. Premchand Roychand was a leading stockbroker of that time, and he assisted in setting out traditions, conventions, and procedures for the trading of stocks at Bombay Stock Exchange and they are still being followed.
Important Stock Exchange:
  • National Stock Exchange: National Stock Exchange incorporated in the year 1992 provides trading in the equity as well as debt market. Maximum volumes take place on NSE and hence enjoy leadership position in the country today
  • Bombay Stock Exchange: BSE on the other hand was set up in the year 1875 and is the oldest stock exchange in Asia. It has evolved in to its present status as the premier stock exchange.
         In 1860, the exchange flourished with 60 brokers. In fact the 'Share Mania' in India began when the American Civil War broke and the cotton supply from the US to Europe stopped. Further the brokers increased to 250. At the end of the war in 1874, the market found a place in a street (now called Dalal Street). In 1887, "Native Share and Stock Brokers' Association" was established. In 1895, the exchange acquired a premise in the street which was inaugurated in 1899.

         There are 23 stock exchanges in India.In India we have Bombay stock exchange ,National stock exchange and the rest 21 are Regional stock exchanges

List of Stock Exchange
  1. Bombay Stock Exchange (BSE)
  2. National Stock Exchange (NSE)
  3. Ahmedabad Stock Exchange 
  4. Bangalore Stock Exchange 
  5. Bhubaneshwar Stock Exchange 
  6. Calcutta Stock Exchange 
  7. Cochin Stock Exchange 
  8. Coimbatore Stock Exchange 
  9. Delhi Stock Exchange 
  10. Guwahati Stock Exchange 
  11. Hyderabad Stock Exchange 
  12. Jaipur Stock Exchange 
  13. Ludhiana Stock Exchange 
  14. Madhya Pradesh Stock Exchange 
  15. Madras Stock Exchange 
  16. Magadh Stock Exchange 
  17. Mangalore Stock Exchange 
  18. Meerut Stock Exchange 
  19. OTC Exchange Of India 
  20. Pune Stock Exchange 
  21. Saurashtra Kutch Stock Exchange 
  22. Uttar Pradesh Stock Exchange 
  23. Vadodara Stock Exchange
Source: 
http://shodhganga.inflibnet.ac.in/bitstream/10603/2027/7/07_chapter%202.pdf

8/24/2016

TNPSC - Model Questions for Commerce / Banking

8/24/2016 0
TNPSC - Model Questions for Commerce / Banking
TNPSC - Model Questions for Commerce / Banking 
  1. The bank which has launched Mobile Bank Accounts in association with Vodafone’s m –paisa – HDFC
  2. Bank Minimum money transfer limit through RTGS: 2 Lakhs
  3. Maximum money transfer limit through RTGS: No Limit
  4. Minimum & Maximum money transfer limit through NEFT: No Limit
  5. NABARD was established in – July, 1982
  6. Largest Public sector bank in India – SBI
  7. Largest Private secto bank in India – ICICI Bank
  8. Largest Foreign bank in India – Standard Chartered Bank
  9. First Indian bank to open branch outside India i.e. London in 1946: Bank of India First bank to introduce internet banking: ICICI bank
  10. First bank to introduce mutual fund: State Bank of India
  11. First bank to introduce credit card in India: Central Bank of India
  12. Which cards are known as plastic money – Credit Cards.
  13. Open market operations are carried out by – RBI
  14. Capital market regulator is – SEBI
  15. Largest Commercial bank in India – State Bank of India
  16. The International Bank for Reconstruction and Development (IBRD) is known as – World Bank
  17. First Bank to introduce ATM in India: HSBC in1987, Mumbai
  18. Bank of Baroda has the maximum number of overseas branches
  19. SBI holds the second position with maximum number of overseas branches
  20. First bank established in India: Bank of Hindustan in 1770
  21. Second bank: General Bank of India, 1786
  22. Oldest bank in India originated in the Bank of Calcutta in June 1806 which was still in existence – State Bank of India
  23. State Bank of India merged with three banks namely Bank of Bengal, Bank of Bombay and Bank of Madras in 1921 to form the Imperial bank of India which was converted as State Bank of India
  24. First Indian bank got ISO: Canara Bank
  25. First India bank started solely with Indian capital investment is PNB (Punjab National Bank) 
  26. Founder of Punjab National Bank is Lala Lajpat Rai
  27. Reserve bank of India (RBI) was instituted in 1935
  28. Firstgovernor of RBI: Mr.Osborne Smith
  29. First Indian Governor of RBI: Mr. C D Deshmukh
  30. First bank to introduce savings account in India: Presidency Bank in 1833
  31. First bank to introduce cheque system in India: Bengal Bank in 1833
  32. First Indian Bank to introduce credit card: Ans: Central Bank of India
  33. RBI nationalized in: Ans: 1949
  34. Loans of very small amounts given to low income groups is called:
  35. Ans: Micro Credit
  36. India’s First Financial Archive has been set up at – Kolkata
  37. CRR, SLR, Repo Rate, Reverse Repo rate are decide by RBI
  38. Savings banks interest rates, fixed deposit interest rates, Loan Rates etc. are decided by individual banks
  39. First RRB named Prathama Grameen Bank was started by: Syndicate Bank

8/17/2016

TNPSC - Important Questions with Answers of Insurance Related.

8/17/2016 0
TNPSC - Important Questions with Answers of Insurance Related.
1. Crop Insurance is the monopoly of____
(A) National Insurance Company 
(B) General Insurance Company 
(C) Life Insurance Corporation 
(D) NABARD
Answer: B

2. Government has issued an ordinance announcing ULIP as 'Insurance Product'. Who is now the regulator of ULIPs? 
(A) SEBI 
(B) IRDA 
(C) Both 'a' and 'b' 
(D) Government of India
Answer: B

3. Under whose chairmanship was the committee on Insurance Sector reforms set up? 
(A) Narasimham 
(B) C Rangarajan 
(C) R N Malhotra 
(D) None of these
Answer: C

4. For regulation of the insurance trade in the country the Government has formed____
(A) SEBI 
(B) RBI 
(C) IRDA 
(D) GIC
Answer: C

5. IRDA is associated with____ 
(A) Agriculture 
(B) Insurance sectors 
(C) Telecommunication 
(D) Transport
Answer: B

6. Aam Admi Bima Yojana is an insurance scheme for rural landless households introduced by____ 
(A) LIC 
(B) UTI 
(C) ICICI 
(D) None of these
Answer: A

7. Aam Admi Bima Yojana provide insurance of ………. on natural death_____
(A) Rs. 75000 
(B) Rs. 30000 
(C) Rs. 50000 
(D) Rs. 10000 
Answer: B

8. According to the recently passed Insurance Laws (Amendment) Bill 2015 , FDI in Insurance Sector is____
(A) 74% 
(B) 26% 
(C) 49% 
(D) 51%
Answer: C

9. Which first bank in India to fully own an insurance business ?
(A) HDFC Bank 
(B) Kotak Mahindra Bank 
(C) ICICI Bank 
(D) IDBI Bank
Answer: B

10. As per the Insurance Act, every insurer has to prepare at the end of financial year
(A) Balance Sheet 
(B) Profit and Loss Account
(C) Revenue Account for each class of Insurance business 
(D) All of the above
Answer: D