Knowledge Centre

1. When was the Constituent Assembly convened ?

Answer: 1946

2. When was the first session of the Constituent Assembly held ?

Answer:9 December, 1946

3. Under which Plan was the Constituent Assembly constituted ?

Answer:Cabinet Mission Plan

4. Who was the President of the Constituent Assembly ?

Answer:Dr. Rajandra Prasad

5. Who was the Chairman of the Drafting Committee ?

Answer:B R. Ambedkar

6. When was the drafting of the Indian Constitution completed and adopted ?

Answer:26 November, 1949

7. When was the Constitution of India put into effect ?

Answer:26 January ,1950

8. Since when India became a Republic ?

Answer:26 January, 1950

9. Who was the first Vice- President of the Indian Union ?

Answer: Dr. Rajendra Prasad

10. Who was the first Vice- President of the Indian Union ?

Answer:Radhakrishnan

What is CRR, repo and reverse repo rate?

What is CRR?

Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with the RBI. If the central bank decides to increase the CRR, the available amount with the banks comes down. The RBI uses the CRR to drain out excessive money from the system.

Commercial banks are required to maintain with the RBI an average cash balance, the amount of which shall not be less than 3% of the total of the Net Demand and Time Liabilities (NDTL), on a fortnightly basis and the RBI is empowered to increase the rate of CRR to such higher rate not exceeding 20% of the NDTL.
What is Reverse Repo rate?

Reverse Repo rate is the rate at which the RBI borrows money from commercial banks. Banks are always happy to lend money to the RBI since their money are in safe hands with a good interest.
An increase in reverse repo rate can prompt banks to park more funds with the RBI to earn higher returns on idle cash. It is also a tool which can be used by the RBI to drain excess money out of the banking system.
What is a Repo Rate?

The rate at which the RBI lends money to commercial banks is called repo rate. It is an instrument of monetary policy. Whenever banks have any shortage of funds they can borrow from the RBI.
A reduction in the repo rate helps banks get money at a cheaper rate and vice versa. The repo rate in India is similar to the discount rate in the US

Friends happy national youth day. Today we are celebrating birthday of swami vivekanad ji. Swami ji was born on 12 jan 1863. We all Indian celebrate his birthday as a national youth day. :)..........knowledge centre

Abhinav Singh Bindra (born September 28, 1982) is an Indian shooter from Zirakpur, Mohali, Punjab and is the current World and Olympic champion in the 10 m Air Rifle event. By winning the gold in the 10 m Air Rifle event at the 2008 Beijing Olympic Games, he became the first Indian to win an individual gold medal at the Olympic Games and India's first gold medal since 1980, when the Men's Field Hockey Team won the gold.............Knowledge Centre

TCS pips Reliance to become largest company by m-cap [ 12/30/2011]

India's biggest software services firm Tata Consultancy Services has pipped Reliance Industries to become the largest company by market capitalisation on the last day of trading in 2011. Market capitalisation is the total worth of a company in terms of its shares and is equal to the share price multiplied by the total number of shares. Reliance Industries lost its position as the country's most valued company to Tata group firm TCS this afternoon, as the shares of billionaire Mukesh Ambani-led corporate giant fell sharply in a weak market.........Knowledge Centre

India’s national anthem, ‘Jana Gana Mana’ has made its completion of 100 years on Tuesday, 27 December.
It was on 27 December 1911 that Gurudev Rabindranath Tagore‘s ‘Jana Gana Mana’ was first executed at the Calcutta session of Indian National Congress, the then National movement. When the independence of the country was fulfilled decades later, this song was adopted as our national anthem by the Constituent Assembly on 24 January, 1950...............Knowledge Centre

Archaeologists use the term “culture” for a group of objects,distinctive in style,that are usually found together within a specific geographical area and period of time.