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Banking GK

Gross Domestic Product (GDP) – Basic Concept

 What is GDP? Gross Domestic Product (GDP) is the market value of all final goods and services produced within a country in a given period of time. GDP is the basic measure of the country’s economic performance over a given period. GDP is measured by three basic approaches Expenditure approach Income approach Value based approach […] Continue reading →

Nair Committee Report on Priority Sector Lending

 The Reserve Bank of India, the central bank of India, on February 21, 2012 has released the report of the Committee (Chairman: M V Nair, Chairman, Union Bank of India) constituted to re-examine the existing classification and suggest revised guidelines with regard to priority sector lending and related issues. The Reserve Bank India had constituted […] Continue reading →

Central Board of Reserve Bank of India

 The Reserve Bank’s affairs are governed by a Central Board of Directors. The board is appointed by the Government of India in keeping with the Reserve Bank of India (RBI) Act, 1934. Structure of Central Board of Directors: Appointed/nominated for a period of FOUR years Constitution: Official Directors Full-time : One Governor and not more […] Continue reading →