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It will provide funds up to Rs 5 lakh to an account holder within 90 days in the event of a bank coming under the moratorium imposed by the Reserve Bank of India (RBI). Earlier, account holders had to wait for years till the liquidation or restructuring of a distressed lender to get their deposits that are insured against default. The Rs 5-lakh deposit insurance cover was raised from Rs 1 lakh in 2020.
What is the maximum investment limit in the Senior Citizen Savings Scheme, 2019 after the amendment of the Senior Citizens Savings (Amendment) Scheme, 2...
With reference to the Global Financial Innovation Network (GFIN), consider the following statements:
I. It is a consortium of o...
Which of the following statements is/ are correct?
1. Budget Division of Department of Economic affairs prepares the budget
2. ...
General sales tax is a form of:
...Which one of the following is the Southernmost pass of INDIA?
What is the percentage of protected workmen based on the total number of workmen employed in an establishment?
FDI in insurance sector in India is allowed till what extent ?
Which of the following is the largest contributor to the Indian Economy.
According to the Minimum Wages Act 1948, Under what circumstances can the appropriate government refrain from fixing minimum rates of wages for schedule...
What is Demand Pull Inflation?