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Written for the exam, not for the news cycle. Every item carries what it means for NABARD Grade A, RBI Grade B and SEBI Grade A.

Page 42

Primary Agriculture Credit Society (PACS) Pic Credit: The Economic Times Origin The first Primary Agricultural Credit Society (PACS) was established in 1904, following the enactment of the Cooperat 8 Jan 2025 National Education Policy 2020 (NEP 2020): Key Highlights, Reforms & Impact Pic Credit: Times of India Why in News ? Recently, the Union Cabinet has approved the new National Education Policy (NEP), 2020 with an aim to introdu 7 Jan 2025 Unified Payments Interface (UPI) Pic Credit: Business Standard Why in news ? NPCI extends market cap deadline for UPI apps by two years to end of 2026. The National Payments Corporation of Indi 1 Jan 2025

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Foreign Currency Non Resident FCNR pic credit : compareremit.com FCNR stands for Foreign Currency Non Resident Account . It is not a type of saving account rather than it is a type of fixed curre 7 Dec 2024 Mahatma Gandhi National Rural Employment Guarantee Act ( MGNREGA ) PIC Credit : esakal.com Mahatma Gandhi National Rural Employment Guarantee (MGNREGA) Act has helped in reimbursing 20%-80% of the income loss caused due to COVI 6 Dec 2024 Fiscal Deficit Fiscal deficit refers to the gap between a government's total expenditure and its total revenue (excluding borrowings). It represents the borrowing needs of the 27 Nov 2024

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