Fast Track series for RBI Gr B and NABARD Gr A 2019

A Video series by EduTap

LECTURE 44
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Fast Track series for RBI Gr B and NABARD Gr A 2019

What will this series cover?

Economics and Social Issues (ESI) Current Finance Current Affairs for RBI and
Affairs for RBI and NABARD 2019 NABARD 2019

Agriculture and Rural Development (ARD)

in news for NABARD 2019 Covered separately in ARD in news videos

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 Fast Track series for RBI Gr B and NABARD Gr A 2019
Our results

RBI Gr B 2017 27 got selected in the final list

26 got selected in the final list

NABARD Gr A 2018
(Total generalist seats – 46)

RBI Gr B 2018 280 selections is Phase 2

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 TOPIC

ESI in news

February 1st to 5th (2019)

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DAY-NULM

 It is Centrally Sponsored Scheme implemented by Union Ministry of Housing and Urban Poverty Alleviation

 Its objective is to uplift urban poor folks by enhancing sustainable livelihood opportunities through skill
development

 DAY-NULM addresses multiple dimensions of urban poverty by developing strong community-based

organizations, providing placement oriented skill training, providing subsidized loans for self-employment
ventures, supporting street vendors’ livelihoods and establishing shelter for the homeless

 It also provides subsidy to urban poor i.e. interest subsidy of 5% – 7% for setting up individual micro-
enterprises with loan of up to 2 lakhs and for group enterprises with loan limit of up to Rs.10 lakhs

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About IORA

 The Indian Ocean Rim Association is an inter-governmental organization which was established on 7
March 1997

 It is a regional forum which is tripartite in nature which brings together representatives of Government,
Business and Academia, for promoting co-operation and closer interaction among them

 It is based on the principles of Open Regionalism for strengthening Economic Cooperation particularly
on Trade Facilitation and Investment, Promotion as well as Social Development of the region

 The Coordinating Secretariat of IORA is located at Ebene , Mauritius

 It has 22 members including India and nine dialogue partners

 IORA’s apex body is the Council of Foreign Ministers (COM) which meets annually

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 TOPIC

Finance in news

February 1st to 5th (2019)

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 Eight PSU banks — IDBI Bank, UCO Bank, Central Bank of India, Indian Overseas
Bank, Dena Bank, United Bank of India, Corporation Bank and Allahabad Bank —
are sunder the PCA framework

 The RBI initiates certain structured and discretionary actions for the bank under the
PCA when the Banks breach any of the three key regulatory trigger points :

1. Capital to risk-weighted assets ratio

2. Net non-performing assets
3. Return on assets

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About GST Council

 Goods & Services Tax Council is a constitutional body for making recommendations to the Union and
State Government on issues related to Goods and Service Tax

 The GST Council is chaired by the Union Finance Minister and other members are the Union State
Minister of Revenue or Finance and Ministers in-charge of Finance or Taxation of all the States

 The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2016, for introduction of Goods
and Services tax in the country was passed in the Parliament in the year 2016

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 MCQs

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 MCQs
Q1. Shehri Samriddhi Utsav focused on urban livelihood is organized by which of the
following?

a) Ministry of Rural development

b) Ministry of Housing and Urban Affairs

c) Ministry of Labour and Employment

d) Ministry of Drinking Water and Sanitation

e) Ministry of Social Justice and Empowerment

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 MCQs
Q2. The headquarters of Indian Ocean Rim Association(IORA) is located in which of the
following countries ?

a) Australia

b) India

c) Mauritius

d) South Africa

e) Bangladesh

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 MCQs
Q3. Currently which of the following banks is not under the PCA Framework of RBI?

a) IDBI

b) UCO

c) Central Bank of India

d) Allahabad Bank

e) OBC

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 MCQs
Q4. Which of the following chairs the GST Council?

a) Finance Minister

b) Prime Minister

c) CBI Director

d) Home Minister

e) Both a & b

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 MCQs
Solutions

Q1. - b

Q2. - c

Q3. - e

Q4. - a

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 Thank You! Happy Learning!
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