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Currency Swaps
◾️ A currency swap, also known as a cross-currency swap, is an off-balance sheet transaction in which two parties exchange principal and interest in different currencies.
◾️ The purpose of a currency swap is to lower exposure to exchange rate risk or reduce the cost of borrowing a foreign currency.
Benefits of currency swap:
◾️ The absence of an exchange rate risk is the major benefit of such a facility.
◾️ This facility provides India with the flexibility to use these reserves at any time in order to maintain an appropriate level of balance of payments or short-term liquidity.
◾️ Currency swaps between governments also have supplementary objectives like promotion of bilateral trade, maintaining the value of foreign exchange reserves with the central bank and ensuring financial stability (protecting the health of the banking system).
#Pre_2020
◾️ A currency swap, also known as a cross-currency swap, is an off-balance sheet transaction in which two parties exchange principal and interest in different currencies.
◾️ The purpose of a currency swap is to lower exposure to exchange rate risk or reduce the cost of borrowing a foreign currency.
Benefits of currency swap:
◾️ The absence of an exchange rate risk is the major benefit of such a facility.
◾️ This facility provides India with the flexibility to use these reserves at any time in order to maintain an appropriate level of balance of payments or short-term liquidity.
◾️ Currency swaps between governments also have supplementary objectives like promotion of bilateral trade, maintaining the value of foreign exchange reserves with the central bank and ensuring financial stability (protecting the health of the banking system).
#Pre_2020
Mishmi Hills
◾️ The Mishmi Hills are located at the North Eastern tip of India, in north eastern Arunachal Pradesh.
◾️ This hilly area is characterised by steeply sloping landform, sub-tropical evergreen forest and high rainfall.
◾️ There are about 6000 plant species, 100 mammal species and about 700 bird species.
◾️ There are also a large number of butterflies and other insects.
#Pre_2020
◾️ The Mishmi Hills are located at the North Eastern tip of India, in north eastern Arunachal Pradesh.
◾️ This hilly area is characterised by steeply sloping landform, sub-tropical evergreen forest and high rainfall.
◾️ There are about 6000 plant species, 100 mammal species and about 700 bird species.
◾️ There are also a large number of butterflies and other insects.
#Pre_2020
Primordial Black Holes (PBH)
◾️ PBH are a hypothetical type of black hole that formed soon after the Big Bang.
◾️ It is believed that they are formed as a result of collapsing radiations as opposed to the collapse of massive stars, which is the case of any other black holes.
◾️ PBH can be massively large as 3000kms or be extremely tiny like nucleus of an atom.
#Pre_2020
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◾️ PBH are a hypothetical type of black hole that formed soon after the Big Bang.
◾️ It is believed that they are formed as a result of collapsing radiations as opposed to the collapse of massive stars, which is the case of any other black holes.
◾️ PBH can be massively large as 3000kms or be extremely tiny like nucleus of an atom.
#Pre_2020
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Facts to remember ✅✅
Putrescibility is the process of decomposition of organic matter present in water by micro-organisms using oxygen
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Putrescibility is the process of decomposition of organic matter present in water by micro-organisms using oxygen
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Facts ✅✅
Siachen Glacier in Nubra Valley has distinction of being largest glaciers outside polar and sub polar regions
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Siachen Glacier in Nubra Valley has distinction of being largest glaciers outside polar and sub polar regions
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Some facts ✅✅
1. Election Commission specifies certain symbols as *reserved symbol* Which are meant for candidates set up by recognised parties
2. Others as *free symbols* Which are meant for other candidates
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1. Election Commission specifies certain symbols as *reserved symbol* Which are meant for candidates set up by recognised parties
2. Others as *free symbols* Which are meant for other candidates
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Facts to remember ✅✅
Australia group is formed in 1985 in response to use of chemical weapons by Iraq in Iran - Iraq war of 1984
💥India became 43rd member of Australia group
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Australia group is formed in 1985 in response to use of chemical weapons by Iraq in Iran - Iraq war of 1984
💥India became 43rd member of Australia group
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Facts✅
💥Vikramshila Gangetic Dolphin Sanctuary in Bihar is India's only sanctuary for the Gangetic dolphin
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💥Vikramshila Gangetic Dolphin Sanctuary in Bihar is India's only sanctuary for the Gangetic dolphin
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👆Prelims important fact 2020
Share it with IAS preparing friends 👍👍
Stay tuned for more important points
PS: very important points coming up for prelims 2020✅✅
Share it with IAS preparing friends 👍👍
Stay tuned for more important points
PS: very important points coming up for prelims 2020✅✅
Prelims facts 💡
⭕️ The Constitution has not fixed the term of office of members of the RajyaSabha and left it to the Parliament.
💎Accordingly, the Parliament in the Representation of the People Act (1951) provided that the term of office of a member of the RajyaSabha shall be six years.
⭕️ The Constitution has not fixed the term of office of members of the RajyaSabha and left it to the Parliament.
💎Accordingly, the Parliament in the Representation of the People Act (1951) provided that the term of office of a member of the RajyaSabha shall be six years.
“Teaching is a very noble profession that shapes the character, caliber, and future of an individual. If the people remember me as a good teacher, that will be the biggest honour for me.”
– A. P. J. Abdul Kalam
❤️🙏Happy guru purnima 🙏❤️
– A. P. J. Abdul Kalam
❤️🙏Happy guru purnima 🙏❤️
Rabari, Bharvad and Charan are Schedule Tribes communities mainly belonging to Gujarat.
Recently, the Gujarat government decided to form a five-member commission to identify members of Rabari, Bharvad and Charan communities, who are eligible for benefits of Schedule Tribe (ST) status.
The identification process has been initiated because it is being alleged that a number of people not actually belonging to the community managed to get ST certificates and are enjoying undue reservation benefits, mainly in government jobs.
Recently, the Gujarat government decided to form a five-member commission to identify members of Rabari, Bharvad and Charan communities, who are eligible for benefits of Schedule Tribe (ST) status.
The identification process has been initiated because it is being alleged that a number of people not actually belonging to the community managed to get ST certificates and are enjoying undue reservation benefits, mainly in government jobs.
👉🔺 State of the World Population 2020 report
- The report released by United Nations Population Fund (UNFPA).
- Titled ‘Against my will: defying the practices that harm women and girls and undermine equality’.
- It highlights at least 19 human rights violations against women and focuses on the three most prevalent ones, Female Genital Mutilation (FGM), extreme bias against daughters, in favour of sons and child marriage.
- The report released by United Nations Population Fund (UNFPA).
- Titled ‘Against my will: defying the practices that harm women and girls and undermine equality’.
- It highlights at least 19 human rights violations against women and focuses on the three most prevalent ones, Female Genital Mutilation (FGM), extreme bias against daughters, in favour of sons and child marriage.
👉🔺 Indira Gandhi National Centre for the Arts (IGNCA)
- The IGNCA was established in 1987 as an autonomous institution under the Ministry of Culture, as a centre for research, academic pursuit and dissemination in the field of the Arts.
- It is a research unit under Project Mausam.
- Project ‘Mausam’ is a Ministry of Culture project with Archaeological Survey of India (ASI), New Delhi as the nodal agency.
- The central themes that hold Project ‘Mausam’ together are those of cultural routes and maritime landscapes that not only linked different parts of the Indian Ocean littoral, but also connected the coastal centres to their hinterlands.
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- The IGNCA was established in 1987 as an autonomous institution under the Ministry of Culture, as a centre for research, academic pursuit and dissemination in the field of the Arts.
- It is a research unit under Project Mausam.
- Project ‘Mausam’ is a Ministry of Culture project with Archaeological Survey of India (ASI), New Delhi as the nodal agency.
- The central themes that hold Project ‘Mausam’ together are those of cultural routes and maritime landscapes that not only linked different parts of the Indian Ocean littoral, but also connected the coastal centres to their hinterlands.
@joinupsc