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Terminology

Bank Rate [4%]

Repo Rate [5.15%]

The rate at which banks borrow from RBI for short period (upto 7 or 14 days) but predominantly overnight.

Reverse Repo Rate [4.9%]

The rate at which RBI borrows funds from the commercial banks.

CRR [4%]

Cash Reserve Ratio. A certain percentage of NTDL has to be kept with RBI; banks to don't have access to that much amount for any economic or commercial activity.

SLR [18.25%]

Statutory Liquidity Ratio. A certain percentage of NTDL that is to be invested in central and state government securities.

MSF [5.4%]

Mariginal Standing Facility

Index Index Released by India's Rank 1st Rank
Social Mobility Index 2020 World Economic Forum Denmark
Global Gender Gap Report 2020 World Economic Forum 112 Iceland
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Banking

Bank probationary officer post is the entry level position at which a bank officer starts work after posting. Typically, a bank PO undergoes a 2 year probation period or training and then gets the post of Assistant Manager on joining a branch. Normal prospect of this job is general banking and bank administration; however, bank POs are expected to possess excellent communication skills and the ability to resolve conflicts in a cool and calm manner. RBI Governor Mr. Shaktikant Das Deputy Governors BP Kanungo NS Vishwanathan MK Jain Michael Dev Patra

Mar 2, 2020
International Affairs

First India - Japan two-plus-two (2+2) dialogue was held in New Delhi, India. 7th edition of MITRA SHAKTI military exercise between Indian and Sri Lanka was held in Pune. Saudi Arabia became the first Arab country that will assume the G20 presidency. 2020 Edition of G20 summit was held in Riyadh, Saudi Arabia. Theme Realising opportunities in the 21st century for all. Iraq's Prime Minister Abdul Mahdi resigned. New PM will be Mohammad Allawi. 13th South Asian Games 2019 was held in Kathmandu, Nepal. Indian topped medal tally - 312 medal (174 gold, 93 silver, 45 Bronze). Followed by Nepal, and Sri Lanka.

Mar 2, 2020
Defence

CDS Bipin Rawat Indian Navy ChiefKaramveer Singh Indian Airforce ChiefRakesh Kumar Singh Bhadauria Indian Army ChiefManoj Kumar Narvane DRDO has started developoing a 200 KM strike range tactical ballistic missile "Pranash". 15th Finance Commision has constituted a five member group on Defence and Interneal Security. Chairman of the commission N. K. Singh will head the group. Defence Minister Rajnath Singh laid the foundation stone of Thal Sena Bhawan in Delhi.

Mar 2, 2020
Sports

First Khelo India University Games Bhubanweswawr, Odhisa Edmund Hillary, Tenzing Norgay first person to climb mount Everest. Avatar Singh Cheema first Indian. Bachendri Singh Pal first Indian woman. Sofia Kenin (of America) has won Women's single title of Australian Open by defeating Spain's Garbine Muguruza Novak Djokovic (of Serbia) has won Men's single title of Australian Open by defeating Austria's Dominic Thiem. National Games Rubigula, Flame-Throated Bulbul, has been unveilled as official mascot of the 36th edition of the National Games. It will be held in Goa

Mar 2, 2020
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