FCRA, basically known as FCRA Act 2010, is in the news because recently the Ministry of Home Affairs has declined the review of the FCRA Licence renewal application of a popular NGO known as Missionaries of Charity, which was founded by Mother Teresa, on the grounds that this organization was not adhering with some of […]
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What is INFLATION? Inflation is nothing but a general increase in the prices of various goods and services over time in an economy. When general values increase, the purchasing power of each unit of money decreases, that is, the quantity of goods or services that came before a given quantity of money decreases. The situation
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Question – What are the major functions of the Reserve Bank of India (RBI)? Answer – The Reserve Bank (RBI) was established on 1 April 1935 as the central bank of the country. In the beginning, the Reserve Bank was a body of shareholders. Its authorized capital was Rs 5 crore, divided into 55 lakh
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