About BRICS BRICS brings together five major emerging economies- China, Brazil, Russia, India and South Africa. It comprises 43% of the world population, having 30% of the world GDP and a 17% share in world trade. The grouping was formalised …
What is it? Foreign Exchange Reserve indicates the reserves held by RBI in the form foreign currency assets, gold, SDR and reserve tranche. Components of foreign exchange reserve: Foreign Currency Assets– Currencies of foreign countries are held in foreign exchange …
National Electronic Fund Transfer (NEFT) NEFT is a nation-wide centralised payment system owned and operated by the Reserve Bank of India. It facilitates funds transfers from one bank account to another. One can access this service either by using Internet …
About TRIPS The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) is an international legal agreement between all the member nations of the World Trade Organization (WTO). The Agreement, which came into effect on 1 January 1995, is a …
The UPSC Civil services exam, more commonly known as the IAS exam, consists of three stages, viz; Prelims, Mains, and the Interview. Assuming that the reader is a complete beginner in the preparation, I will explain how you must proceed …