Monthly Archive:: October 2013
Reserve Bank of India recently (30 th oct 2013) increased Repo rate by 25 basis points from 7.50 to 7.75 %. What is Repo Rate? Repo Rate is the rate at which banks borrow short term funds from central bank. RBI lends on a short term basis to banks on the security of the govt
Who are council of ministers ? Council of Ministers are the ministers appointed by the President of India on advice of the Prime Minister. Council of Ministers are categorized into three categories. 1- Cabinet Ministers- They act as head of important ministries of the central government. For e.g- Defense Ministry, Home Ministry, Finance Ministry etc.
What is heat budget of the earth ? Heat Budget of the Earth is the balance between incoming solar insolation and outgoing terrestrial radiation which maintains the average annual temperature of earth at 15 degree celcius. What do you mean by solar insolation ? Solar energy received by earth’s surface is called solar insolation. What