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Which was the first nationalised bank in India ?

Reserve Bank of India (RBI) was the first nationalised bank in India. RBI was nationalised on 1 January 1949.

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Deependra Verma

Which was the first nationalised bank in India?

Reserve Bank of India (RBI) was the first nationalised bank in India. On 1 January 1949 RBI was nationalised.

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Deependra Verma

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What is Repo rate ?

Repo rate is a rate at which commercial banks borrow money by selling their securities to the Reserve Bank of India to maintain liquidity. Repo rate is decided by Reserve Bank of India. It is an important tool of RBI to keep inflation under control. 

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Which e-commerce company has launched Shopsy app ?

E-commerce company Flipkart has started Shopsy app. Through this aap anyone can start their online business without any investment. Flipkart was established in 2007 by Sachin Bansal and Binny Bansal. The headquarter of Flipkart is located in Bangalore, Karnataka. 

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What is primary sector, secondary sector and tertiary sector?

The three-sector model divides into three sectors of activity. These sectors are following- 

1- Primary Sector- It is extraction of raw materials. It involves the retrieval and production of raw materials like mining, agricultural, fishing etc.

2- Secondary Sector- It involves the transformation of raw materials into goods, such as steel into cars, textiles into clothing, making buildings etc.

3- Territory Sector- It involves supplying of services to customers, such as shopkeepers, banking etc.

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What is the full form of WTO ?

Full form of WTO is World Trade Organisation. WTO is an International organisation, that regulates international trade between countries. It was established on 1 January 1995. The headquarter of WTO is Geneva, Switzerland. The Director-General of WTO is Ngozi Okonjo-Iweala.

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Define the term development?.

Development is a process to achieve advance techniques, known, growth, positive change in social, economic, political, educational field in order to creat wealth and improve people's lives. 

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All wealth is capital ( true or false) Statements

The statement,  All Wealth is a capital is False. 

All capital is a wealth but all wealth is not a capital. 

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What is Gross National Product ??

Gross National Product (GNP) is used for measuring a National's economic output. It is total domestic and foreign output claimed by residents of a country. It means GDP Is equal to Gross Domestic product (GDP) plus net factor income from abroad. 

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What is the full form of icici bank?

Full form of ICICI bank is Industrial Credit & Investment Corporation of India. ICICI bank is a leading private sector bank India. This bank was founded on 5 January 1994.

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