APSC Prelims and Mains Notes, APSC Test Series
The BRICS Contingent Reserve Arrangement (CRA) is a framework for providing protection against global liquidity pressures. This includes currency issues where members’ national currencies are being adversely affected by global financial pressures. It is found that emerging economies that experienced rapid economic liberalization went through increased economic volatility, bringing uncertain macroeconomic environment. The CRA is … Read more
DRAW MAP Major Iron ore reserve are in : Odisha The ores are rich in haematites.India’s richest haematite deposits are located in Barabil-Koira valley.Others: Sundargarh, Mayurbhanj, Cuttack, Sambalpur, Keonjhar and Koraput districts. Jharkhand 25 per cent of reserves.First mine in Singhbhum district in 1904.Iron ore of here is of highest quality and will last for … Read more
Role of RBI Pre-reform Post-reform Developmental Role: the developmental role has increased in view of the changing structure of the economy with a focus on SMEs and financial inclusion Priority Sector Lending: Introduced from 1974 with public sector banks. Extended to all commercial banks by 1992 In the revised guidelines for PSL the thrust is … Read more