Showing posts with label GA/GS Notes. Show all posts
Showing posts with label GA/GS Notes. Show all posts

RTGS


Q1. What is RTGS System?
Ans. The acronym 'RTGS' stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting). 'Real Time' means the processing of instructions at the time they are received rather than at some later time; 'Gross Settlement' means the settlement of funds transfer instructions occurs individually (on an instruction by instruction basis). Considering that the funds settlement takes place in the books of the Reserve Bank of India, the payments are final and irrevocable.

FLAGSHIP SCHEMES OF GOVERNMENT

FLAGSHIP SCHEMES OF GOVERNMENT 

1. BHARAT NIRMAN:


Componets-1. Road 2. Irrigation 3. Drinking Water 4. Electricity 5. Houses 6. Communicaton


• It was implemented and extended in three phases i.e., from (2005 - 2009), (2009 - 2012), (2012- 2014)
• It is centrally sponsored scheme for the rural development of India started in September 2005.
• There are 6 objectives in this scheme

Objectives:
a) To provide all weather road connectivity to the village which have more than 1000 population in plain areas and 500 population in hilly areas.

Banking Ombudsman, 2006

Banking Ombudsman, 2006


1. What is the Banking Ombudsman Scheme?
The Banking Ombudsman Scheme enables an expeditious and inexpensive forum to bank customers for resolution of complaints relating to certain services rendered by banks. The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from
1995.

2. Who is a Banking Ombudsman?
The Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redress customer complaints against deficiency in certain banking services.

Important Wildlife Sanctuary in India:

Dear Readers, we are presenting list of important Wildlife Sanctuary In India.


Banking Notes- Reserve Bank Of India

Dear Redaers, we are presenting Banking Notes- Reserve Bank Of India. It will help you in Banking section of exams.

Establishment

The Reserve Bank of India was established on April 1, 1935 in accordance with the
 provisions of the Reserve Bank of India Act, 1934.
The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated.
Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.