Economy of India:

 The country is classified as a newly industrialized country, and one of the G-20 major
economies, with an average growth rate of approximately 7% over the last two decades.
 Maharashtra is the wealthiest Indian state with an annual nominal GDP of US $380 billion
followed by UP and Tamil Nadu.
 GDP (Gross Domestic Product) Growth forecast for 2019-20: 6.1% by IMF, 6.5% by ADB and
6.0% World Bank. GDP is the monetary value of all the finished goods and services produced
within a country's borders in a specific time period.
 There are 3 sectors in Indian Economy.Contributions of different sectors to the Indian GDP:
 Primary sector (Agriculture): around 17%
 Secondary sector (Industry): around 29 %
 Tertiary sector (Service): around 54%
 Ease of doing business rank of India 2020: 63rd
 Inflation in India is measured by consumer price index
 There are 8 core industries in India: Electricity, steel, refinery products, crude oil, coal,
cement, natural gas and fertilisers.
 Part of India’s foreign exchange reserves:
 Foreign currency assets
 Gold
 Special Drawing Rights
 Reserve tranche position in the International Monetary Fund
 Asian Development Bank’s GDP Prediction for India: ADB has cut India’s GDP Growth Rate
from 7.2% to 7.0% for FY20. The Asian Development Bank is a regional development bank
established on 19 December 1966, which is headquartered in the OrtigasCenter located in
the city of Mandaluyong, Metro Manila, Philippines.
 India’s Growth Forecast by IMF: According to IMF, India’s GDP growth is expected to grow
by 7% in 2019-20 and 7.2% in 2020-21. The International Monetary Fund, also known as the
Fund, is an international organization headquartered in Washington, D.C., consisting of 189
countries working to foster global monetary cooperation.

Economic Survey of India 2019:

 Theme: ‘To enable Shifting Gears to accelerate and sustain a real GDP growth rate of 8% and
thereby achieve the vision of $5 trillion economy’. Chief Economic Adviser Krishnamurthy
Subramanian presented the Economic Survey 2018-19, which, he said, was imbued by the
dictum of “blue sky thinking’, thus the sky blue coloured cover of the survey.
 India’s GDP to grow at 7.0% in 2019-20
 Fiscal Deficit: - 3.40%
*Blue-sky thinking (idiomatic) refers to thinking that is not grounded or in touch with the realities of
the present; brainstorming without limits.
Brand Ambassadors:
 Akshay Kumar:Revital H, Policybazaar.com, paisabazaar.com, Road safety campaign, GOQii,
Micromax
 Mary Kom: BSNL, Puma
 Aamir Khan: Vivo India, PhonePe
 MS Dhoni: Dream 11 Gaming Site, NetMeds, Indigo paints, Mars’ chocolate brand Snickers
 SonakshiSinha: Asus Smart Phone and tablet
 AR Rahman: Sikkim Brand Ambassador
 Amitabh Bachchan: The Muthoot Group, One Plus 6
 RanbirKapoor:Flipkart, Nissan India
 Cricketer SmritiMandhana: Bata’s Brand Power
 ViratKohli: Uber India, Too Yumm chips, Manyvar, MRF Tyres, PNB, Google Duo
 ViratKohli, Anushka Sharma:Myntra
 DeepikaPadukone: Go Ibibio
 Shahrukh Khan: Nerolac wall paints, Food Panda, Dish TV, Byju’s, Big Basket, Hyundai
 Ranveer Singh, Aalia Bhatt:MakeMyTrip
 Aalia Bhatt: Frooti, ethnic-wear brand Mohey – Manyavar, Uber eats
 ShraddhaKapoor:Veet
 Kartik Aryan: Emami Fair & Handsome
 KritiSenon: BATA, Dabur Skin Brand Fem
 Hima Das: Assam state
 VarunDhawan:EmamiNavratna Cool
 Katrina Kaif and VarunDhawan: Reebok
 Salman Khan: BharatPe
 Ranveer Singh: Xiaomi India
 PV Sindhu: PNB MetLife, Chinese sports brand Li Ning.

Banking awareness:
 First bank to introduce internet banking in India: ICICI bank
 First bank to introduce mutual fund in India: State Bank of India
 First bank to introduce credit card in India: Central Bank of India
 Which cards are known as plastic money– Credit Cards, debit cards etc.
 The International Bank for Reconstruction and Development (IBRD) is known as– World Bank
 Minimum money transfer limit through RTGS: 2 Lakhs
 Maximum money transfer limit through RTGS: No Limit
 Minimum & Maximum money transfer limit through NEFT: No Limit
 NABARD was established in- July, 1982
 Largest Public sector bank in India– SBI
 Largest Private sector bank in India– HDFC Bank
 First Indian bank to open branch outside India (London) in 1946: Bank of India
 First Bank to introduce ATM in India: HSBC in 1987, Mumbai
 SBI has the maximum number of overseas branches.
 First bank established in India: Bank of Hindustan in 1770
 First Indian bank got ISO: Canara Bank
 First India bank started solely with Indian capital investment is PNB.
 Founder of Punjab National Bank is LalaLajpatRai.
 RBI’s Too Big to fail list Banks: SBI, ICICI and HDFC
 1st Payment Bank in India: Airtel payment Bank
 Payment Banks can’t issue Credit cards and can’t give loans.
 Rs. 1 Rupee Note bears the signature of Finance Secretary
 Fiscal Policy is the work of Finance Ministry
 Money market: RBI

List of important regulators in India:

 Money market: RBI
 Foreign exchange: RBI
 Capital market: SEBI
 Insurance companies: IRDAI
 Chit funds: respective state governments
 Cooperative banks and regional rural banks: NABARD
 Pension fund: PFRDA (Pension fund regulatory and development authority)
 Telecommunications: TRAI [Telecom regulatory authority of India]

List of Important Countries Capital and Currency:

Countries Capital Currency
Austria Vienna Euro
Argentina Buenos Aires Peso
Azerbaijan Baku Manat
Bangladesh Dhaka Taka
Belarus Minsk Ruble
Belgium Brussels Euro
Bhutan Thimphu Ngultrum
Brazil Barsilia Real
China Beijing Yuan
Colombia Bogota Peso
Croatia Zagreb Kuna
Cuba Havana Peso
Denmark Copenhagen Krone
Egypt Cairo Pound
Finland Helsinki Euro
Hungary Budapest Forint
Indonesia Jakarta Rupiah
Iran Tehran Rial
Iraq Baghdad Dinar
Israel Jerusalem Shekel
Italy Rome Euro
Japan Tokyo Yen
Jordon Amman Dinar
Jamaica Kingston Dollar
Kazakhstan Astana Tenge
Kenya Nairobi Shilling
Korea North Pyongyang Won
Korea South Seoul Won
Malaysia Kuala Lumpur Ringgit
Maldives Male Rufiyaa
Mauritius Port Louis Rupee
Mexico Mexico City Peso
Myanmar (Burma) Nay Pyi Taw (Rangoon) Kyat
Nigeria Abuja Naira
Norway Oslo Krone
Portugal Lisbon Euro
Qatar Doha Riyal
Russia Moscow Ruble
Saudi Arabia Riyadh Riyal
Singapore Singapore Dollar
South Africa Cape Town Rand
South Sudan Juba Pound
Spain Madrid Euro
Sri Lanka Colombo Rupee
Sweden Stockholm Krona
Switzerland Bern France
Syria Damascus Pound
Thailand Bangkok Baht
Turkey Ankara Lira
Uganda Kampala Shilling
Ukraine Kyiv Hryvnia
United Arab Emirates (UAE) Abu Dhabi Dirham
Vietnam Hanoi Dong

Miscellaneous GK:
 SBI Shanghai Branch linked up with National Advance Payment System of China: State
Bank of India’s Shanghai branch has become first Indian bank to link up with National
Advance Payment System of China.National Advance Payment System was launched in 2008
by People’s Bank of China provides real-time settlement services for all payments.

 Fund transfers throughNEFT on RBI: RBI has decided to allow fund transfers through NEFT
on a 24×7 basis from December.RBI had last month removed charges it levied on NEFT and
RTGS transactions. National Electronic Funds Transfer is an electronic funds transfer system
maintained by the Reserve Bank of India.
  To encourage digital payments, the NandanNilekani committee has suggested a host of
measures, including elimination of charges, round-the-clock RTGS and NEFT facility, and
duty-free import of point-of-sales machines.
 The committee, which was appointed by the RBI, had submitted its suggestions on
promoting digital payments to Governor Shaktikanta Das.

 RBI constitutes six-member panel to review ATM interchange fee structure: The Reserve
Bank of India constituted a six-member committee to review the ATM interchange fee
structure with a "view to increase the ATM deployment in the unbanked areas". The
committee will be led by V G Kannan, Chief Executive, Indian Banks Association.

 Top-paid Bank CEO in India for FY19:

1. AdityaPuri (HDFC Bank): - Rs 89 lakh per month
2. Amitabh Chaudhry (Axis Bank): - Rs 30 lakh per month
3. UdayKotak (Kotak Mahindra Bank): - Rs 27 lakh per month

 India’s Forex Reserves: India’s forex reserves have spotted the highest ever valuation of
$430.57 bn due to rise in foreign currency assets.Foreign Currency Assets (FCA) is the largest
component of the forex reserve.Foreign exchange reserves is money or other assets held by
a central bank or other monetary authority so that it can pay its liabilities, if needed, such as
the currency issued by the central bank, as well as the various bank reserves deposited with
the central bank by the government and other financial institutions.

 Canara Bank introduced OTP facility for ATM withdrawal:Public sector Bank, Canara
Bank has launched India’s first OTP facility for ATM withdrawals. This additional factor of
authentication protects from unauthorized ATM cash withdrawals for cardholders. Now
Canara Bank ATMs get safer and more secured with OTP facility on cash withdrawals
above ₹10,000 in a day.

 ONGC topples IOC to regain most profitable public sector company: ONGC, India’s top oil
and gas producer, has toppled Indian Oil Corp (IOC) to regain the crown of being the
country’s most profitable public sector company. According to earnings statements of the
listed companies, Oil and Natural Gas Corp (ONGC) reported a 34 percent jump it’s in 2018-
19 fiscal net profit to Rs 26,716 crore.In comparison, IOC registered a net profit of Rs. 17.274
crore for the fiscal year ended March 31, 2019. ONGC, in the previous two financial years,
had lost the most profitable PSU tag to IOC.

 India’s 100 Most Valuable Brand 2019 List: As per the list released by Brand Finance, the
first 6 positions are held by 1. Tata, 2. LIC, 3. Infosys, 4. SBI, 5. Mahindra Group, 6. HDFC