Sbi clerk prelims 2021🥰

🔰Objectives behind Bank Nationalisation in India🔰 The nationalisation of commercial banks took place with an aim to achieve following major objectives. 🔹Social Welfare : It was the need of the hour to direct the funds for the needy and required sectors of the indian economy. Sector such as agriculture, small and village industries were in need of funds for their expansion and further economic development. 🔹Controlling Private Monopolies : Prior to nationalisation many banks were controlled by private business houses and corporate families. It was necessary to check these monopolies in order to ensure a smooth supply of credit to socially desirable sections. 🔹Expansion of Banking : In a large country like India the numbers of banks existing those days were certainly inadequate. It was necessary to spread banking across the country. It could be done through expanding banking network (by opening new bank branches) in the un-banked areas. 🔹Reducing Regional Imbalance : In a country like India where we have a urban-rural divide; it was necessary for banks to go in the rural areas where the banking facilities were not available. In order to reduce this regional imbalance nationalisation was justified. 🔹Priority Sector Lending : In India, the agriculture sector and its allied activities were the largest contributor to the national income. Thus these were labeled as the priority sectors. But unfortunately they were deprived of their due share in the credit. Nationalisation was urgently needed for catering funds to them. 🔹Developing Banking Habits : In India more than 70% population used to stay in rural areas. It was necessary to develop the banking habit among such a large population.

🟢 MOST IMPORTANT RECENTLY RENAMED PLACES IN INDIA 2021 🔷 Hisar Airport, Haryana 🔶 Maharaja Agrasen International Airport 🔷 Rajiv Gandhi Khel Ratna Award 🔶 Major Dhyan Chand Khel Ratna Award 🔷 Common High Court of UT of J&K and Ladakh 🔶 High Court of J&K and Ladakh 🔷 Manduadih Railway Station in Varanasi 🔶 Banaras Railway Station 🔷 Indian Broadcasting Foundation (IBF) 🔶 Indian Broadcasting and Digital Foundation (IBDF) 🔷 Mohali International Hockey Stadium, Punjab 🔶 Balbir Singh Senior International Hockey Stadium 🔷 Miyon ka Bara Railway station, Jodhpur Rajasthan 🔶 Mahesh Nagar Railways station 🔷 Motera Stadium, Ahmedabad 🔶 Narendra Modi Stadium 🔷 Hoshangabad City, Madhya Pradesh 🔶 Narmadapuram 🔷 Nagpur's Gorewada International Zoo 🔶 'Balasaheb Thackeray Gorewada International Zoological Park 🔷 Ayodhya Airport 🔶 Maryada Purushottam Sri Ram Airport, Uttar Pradesh 🔷 Kolkata Port Trust 🔶 Syama Prasad Mukherjee Port 🔷 Ministry of Human Resource Development  🔶 Ministry of Education 🔷 Gwalior Chambal Expressway, Madhya Pradesh 🔶 Atal Bihari Vajpayee Chambal Progressway 🔷 Hubbbali Railways Station, Karnataka 🔶 Sidhdharoodha Swami Station 🔷 Ministry of Shipping 🔶 Ministry of Ports, Shipping and Waterways 🔷 Raigir railway station, Telangana 🔶 Yadadri railway station 🔷 Naugarh railway station, Gorakhpur UP 🔶 Siddharthanagar railway station 🔷 Majerhat bridge, Kolkata 🔶 Jai Hind bridge 🔷 Dandupur railway station, Uttar Pradesh 🔶 Maa Barahi Devi Dham 🔷Credit : Kumar Kaushal 🔷

✅CASH MANAGEMENT BILLS✅ The cash management bill (CMB) is the most flexible instrument for a Central Bank because it can be issued when needed, allowing the Central Bank to have lower cash balances and issue fewer long-term notes. CMBs tend to pay higher yields than bills with fixed maturities, but their shorter maturities lead to lower overall interest expense. The Government of India, in consultation with the RBI, had decided to issue a new short-term instrument, known as Cash Management Bills, to meet the temporary cash flow mismatches of the Government. CMBs in India are non-standard, discounted instruments issued for maturities less than 91 days. CMBs have the generic character of Treasury Bills. ✍️Features of cash management bill (CMB) 1. CMBs are in nature similar to Treasury Bills. 2. The tenure of CMBs is less than 91 Days, but the amount and date of issue depend upon the requirements. 3. It is issued at a discount on Face Value. 4. The announcement is made One day prior to the auction 5. The settlement of the auction is on T+1 Basis. 6. It is Tradable 7. Investment in them is eligible in Government securities by banks for SLR purpose