UPSC Daily Important Topic

✓It is a cooperative society headquartered in Belgium and the members are banks and financial institutions. It is a method of communication among banks/financial institutions for sending financial messages around the world. ✓SWIFT provides a way to encrypt financial messages between the banks/financial institutions in such a way that only the sender bank and the […]

■ GEOMAGNETIC REVERSAL ✓A geomagnetic reversal or a reversal in earth’s magnetic field is a change in a planet’s magnetic field such that the positions of magnetic north and magnetic south are interchanged. ✓Based on palaeomagnetism (is the study of the record of the Earth’s magnetic field in rocks, sediment, or archaeological materials). ✓It is

Treasury Bills ✓Treasury bills are short term (up to one year) borrowing instruments of the Government of India or by a central authority of any country which enable investors to park their short term surplus funds while reducing their market risk. ✓They are auctioned by the Reserve Bank of India (RBI) at regular intervals and

Currency Swap Facility ✓The word swap means exchange. A currency swap between the two countries is an agreement or contract to exchange currencies with predetermined terms and conditions. ✓In the present context, a currency swap is effectively a loan that Bangladesh will give to Sri Lanka in dollars, with an agreement that the debt will

YELLOW STONE NATIONAL PARK □ ABOUT :- ◇ American national park located in the western United States, largely in the northwest corner of Wyoming and extending into Montana and Idaho. ◇ It is the first national park in the US and is also widely held to be the first national park in the world. ◇

Amrit Kaal ∆ In his 75th Independence day speech, the Prime Minister of India referred to the period of next 25 years as the Amrit Kaal for India and her citizens. The purpose of Amrit Kaal is: ✓To better the lives of citizens ✓Lessen the development divide between villages and city ✓Reduce government interference in

LEMRU ELEPHANT RESERVE □ ABOUT:- ◇ The proposal for the reserve, in Korba district, was passed unanimously by the Assembly in 2005 and got central approval in 2007. ◇ Lemru is one of two elephant reserves planned to prevent human-animal conflict in the region, with elephants moving into Chhattisgarh from Odisha and Jharkhand. ◇ Its

NON – BANKING FINANCIAL COMPANY. ✓Bank is a financial institution engaged primarily in mobilizing deposits and forwarding loans. ✓ Banks are regulated by the Central bank of the country—in the case of India, the RBI (Reserve Bank. ✓ Another category of financial institution—the non-bank—is almost similar in its functions but the main difference (though, highly

Important functions of stock exchanges: ✓Determining the fair price The stock exchanges facilitate in discovering fair prices of the publicly listed securities. Relentless trading of securities helps in determining the price of the listed securities. ✓Facilitating industrial advancement The industrialisation of a nation is reliant on capital availability. This is ensured by the stock exchanges

NON – BANKING FINANCIAL COMPANY. ✓Bank is a financial institution engaged primarily in mobilizing deposits and forwarding loans. ✓Banks are regulated by the Central bank of the country—in case of India, the RBI (Reserve Bank. ✓Another category of financial institution—the non-bank—is almost similar in its functions but main difference (though, highly simplified) being that it