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What are the different types of bank accounts in india?
Savings Account: This is the most basic type of bank account, primarily used for saving money. It allows customers to deposit money, earn interest on their balances, and withdraw funds as needed. Current Account: Current accounts are typically used by businesses and individuals with frequent transacRead more
Savings Account: This is the most basic type of bank account, primarily used for saving money. It allows customers to deposit money, earn interest on their balances, and withdraw funds as needed.
Current Account: Current accounts are typically used by businesses and individuals with frequent transactions. They offer features like overdraft facilities and allow unlimited transactions, but they usually do not earn interest on balances.
Employee Salary Account: Employee salary account is opened based on the partnership between your employer and the bank. It’s the account where the salaries of all employees are deposited at the start of the pay cycle. Employees can choose their preferred type of salary account based on the features they prefer. Additionally, the bank that hosts your salary account also manages reimbursement accounts, where your allowances and reimbursements are deposited.
Fixed Deposit Account: Fixed deposit accounts are for saving money for a specific period at a fixed interest rate. The money is locked in for the agreed-upon tenure, and withdrawing it before maturity may result in penalties.
Recurring Deposit Account: In a recurring deposit account, customers deposit a fixed amount of money regularly (monthly or quarterly) for a predetermined period. Interest is earned on the cumulative deposit, and the total amount can be withdrawn at the end of the tenure.
NRI (Non-Resident Indian) Account: These accounts are designed for Indians living abroad. They include NRE (Non-Resident External) accounts, NRO (Non-Resident Ordinary) accounts, and FCNR (Foreign Currency Non-Resident) accounts, each with its specific features and benefits.
Demat Account: A Demat account is used to hold securities and investments in electronic form. It allows investors to buy, sell, and hold stocks, mutual funds, bonds, and other financial instruments in a paperless format.
See lessWhat is loss aversion?
Loss aversion, is the tendency to prefer avoiding losses over acquiring equivalent gains. In other words, people feel the pain of losing more intensely than the pleasure of gaining the same amount. Loss-averse individuals are willing to take risks to avoid losses, even if those risks might lead to gRead more
Loss aversion, is the tendency to prefer avoiding losses over acquiring equivalent gains. In other words, people feel the pain of losing more intensely than the pleasure of gaining the same amount. Loss-averse individuals are willing to take risks to avoid losses, even if those risks might lead to greater losses in the long run.
See lessDifference between Risk aversion and loss aversion?
Risk Aversion: People who are risk-averse prefer playing it safe. They'd rather go for something with a sure, smaller gain than take a chance on something bigger but uncertain. Loss Aversion: This is about not wanting to lose what you already have. People who are loss-averse feel the pain of losingRead more
Risk Aversion: People who are risk-averse prefer playing it safe. They’d rather go for something with a sure, smaller gain than take a chance on something bigger but uncertain.
Loss Aversion: This is about not wanting to lose what you already have. People who are loss-averse feel the pain of losing something more than the joy of gaining the same thing. So, they often play it safe to avoid losing.
See lessWhat is the General Assembly?
In India, the term "General Assembly" typically refers to the legislative body at the state level. Each state in India has its own General Assembly, which is responsible for making laws and regulations within that state. The General Assembly consists of elected representatives, who are known as MembRead more
In India, the term “General Assembly” typically refers to the legislative body at the state level. Each state in India has its own General Assembly, which is responsible for making laws and regulations within that state. The General Assembly consists of elected representatives, who are known as Members of the Legislative Assembly (MLAs). They are elected by the people of their respective constituencies to represent their interests and concerns in the legislative process. The General Assembly plays a crucial role in shaping state policies and governance.
See lessWhat is meant by UI and UX?
UI (User Interface): It's how things look and where you can tap, click, or swipe on a screen. Think of it like the buttons and layout on your phone or computer. UX (User Experience): It's how easy and enjoyable it is to use those buttons and features. It's about making sure everything works well togRead more
UI (User Interface): It’s how things look and where you can tap, click, or swipe on a screen. Think of it like the buttons and layout on your phone or computer.
UX (User Experience): It’s how easy and enjoyable it is to use those buttons and features. It’s about making sure everything works well together and that people have a good time using the product.
See lessWhat is Pascal's Law?
Pascal's law basically says that if you push on a liquid in a closed space, the pressure you apply spreads equally in all directions within the liquid. So, if you squeeze a tube of toothpaste, the pressure you use spreads out evenly through the toothpaste, making it come out of the tube evenly. ThisRead more
Pascal’s law basically says that if you push on a liquid in a closed space, the pressure you apply spreads equally in all directions within the liquid. So, if you squeeze a tube of toothpaste, the pressure you use spreads out evenly through the toothpaste, making it come out of the tube evenly. This principle helps make things like car brakes and hydraulic systems work smoothly and efficiently.
See lessWhat is the main cause of Snoring?
The main cause of snoring is often the relaxation of muscles in the throat and mouth during sleep, which can lead to the narrowing of the airway. This narrowing causes vibrations in the tissues, resulting in the sound of snoring. Other factors such as obesity, alcohol consumption, smoking, allergiesRead more
The main cause of snoring is often the relaxation of muscles in the throat and mouth during sleep, which can lead to the narrowing of the airway. This narrowing causes vibrations in the tissues, resulting in the sound of snoring. Other factors such as obesity, alcohol consumption, smoking, allergies, and sleep position can also contribute to snoring.
See lessIs Snoring unhealthy?
Snoring itself is not necessarily unhealthy, but it can be a symptom of underlying health issues such as sleep apnea or obesity, which can have negative health effects if left untreated. If someone snores excessively or experiences other symptoms like daytime fatigue or gasping during sleep, it's aRead more
Snoring itself is not necessarily unhealthy, but it can be a symptom of underlying health issues such as sleep apnea or obesity, which can have negative health effects if left untreated. If someone snores excessively or experiences other symptoms like daytime fatigue or gasping during sleep, it’s a good idea for them to consult a healthcare professional for evaluation and potential treatment.
See lessHow many seats for Tamil Nadu in Lok sabha?
Tamil Nadu holds 39 seats for Lok Sabha MPs, one for each constituency. 1Thiruvallur 2 Chennai North 3 Chennai South 4 Chennai Central 5 Sriperumbudur 6 Kancheepuram 7 Arakkonam 8 Vellore 9 Krishnagiri 10 Dharmapuri 11 Tiruvannamalai 12 Arani 13 Villupuram 14 Kallakurichi 15 Salem 16 Namakkal 17 EroRead more
Tamil Nadu holds 39 seats for Lok Sabha MPs, one for each constituency.
See less1Thiruvallur
2 Chennai North
3 Chennai South
4 Chennai Central
5 Sriperumbudur
6 Kancheepuram
7 Arakkonam
8 Vellore
9 Krishnagiri
10 Dharmapuri
11 Tiruvannamalai
12 Arani
13 Villupuram
14 Kallakurichi
15 Salem
16 Namakkal
17 Erode
18 Tiruppur
19 Nilgiris
20 Coimbatore
No. Constituency Name
21 Pollachi
22 Dindigul
23 Karur
24 Tiruchirappalli
25 Perambalur
26 Cuddalore
27 Chidambaram
28 Mayiladuturai
29 Nagapattinam
30 Thanjavur
31 Sivaganga
32 Madurai
33 Theni
34 Virudhunagar
35 Ramanathapuram
36 Thoothukudi
37 Tenkasi
38 Tirunelveli
39 Kanyakumari
What are the types of elections in India?
Elections in India encompass a range of positions, such as the 1.President 2.Vice President 3.Members of Parliament in the Rajya Sabha and Lok Sabha Lok sabha: Members of the Lok Sabha, India's lower house of Parliament, are elected by adult citizens aged 18 and above within their respective constitRead more
Elections in India encompass a range of positions, such as the
1.President
2.Vice President
3.Members of Parliament in the Rajya Sabha and Lok Sabha
Lok sabha:
Members of the Lok Sabha, India’s lower house of Parliament, are elected by adult citizens aged 18 and above within their respective constituencies. Winners of these elections become Members of Parliament and serve a five-year term or until dissolution by the President on the council of ministers’ advice.Elections occur every five years to select 543 Lok Sabha members.
Rajya sabha:
See lessThe Rajya Sabha, India’s upper parliamentary chamber or Council of States, doesn’t have direct citizen elections. Instead, candidates are selected by Members of Legislative Assemblies, with up to 13 nominees chosen by the President for their contributions to various fields. Members serve six-year terms, with one-third facing re-election every two years. The Rajya Sabha acts as a secondary review body for bills before they become law.
4.Members of State Legislative Councils, 5.Members of State Legislative Assemblies,
6.Members of local governance bodies like Municipalities and Panchayats,
7.By-elections are conducted when a seat-holder vacates their position due to death, resignation, or disqualification.