The APA-The Advance Pricing Agreement
The Advance Pricing Agreement (APA) program is proposed to be introduced from July 1, 2012, as per the Union Budget 2012. An APA is an arrangement between the tax payer … Read More
Category: Banking Terms
Bank Exam Special Edition from General Knowledge Today
Dear General Knowledge Today Readers, This edition of general knowledge today is specially focused on Bank Exam Preparation. Hope this special edition will help you a lot in preparation of … Read More
The Reserve Bank of India
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 … Read More
RBI’s role as Banker to Indian Government
1. What is RBI’s role with regard to conduct of Government’s banking transaction? In terms of Section 20 of the RBI Act 1934, RBI has the obligation to undertake the … Read More
Security features in Indian Currency Notes
Mahtma Gandhi (MG) Series 1996 The banknotes in MG Series – 1996 are available in the denomination of Rs.5, (introduced in November 2001) Rs.10 (13-06-1996), Rs.20 (24-08-2001), Rs.50 (14-03-1997), Rs.100 … Read More
Currency Management in India
What is the role of the Reserve Bank of India in currency management? The Reserve Bank derives its role in currency management from the Reserve Bank of India Act, 1934.The … Read More
What is a currency chest ?
What is a currency chest? To facilitate the distribution of banknotes and rupee coins, the Reserve Bank has authorised select branches of scheduled banks to establish Currency Chests. These are … Read More
The Indian Currency
What is the Indian currency called? The Indian currency is called the Indian Rupee (INR) and the coins are called paise. One Rupee consists of 100 paise. What are the … Read More
History of Coins and Currencies
History of Coins / currency: I. Coins The first documented coinage seems to have started with ‘Punch Marked’ coins issued between the 7th-6th Century BC and 1st Century AD. The … Read More