Commonly confused Terms: Nostro and Vostro accounts
Nostro and Vostro accounts are two types of bank accounts used for international transactions. 🏦💸
✅ Nostro account is a bank account that a bank holds in a foreign country, denominated in the local currency of that country. 🌍💰 The term "Nostro" is derived from the Latin word for "ours." For example, if a bank in the United States has a Nostro account with a bank in India, the U.S. bank holds rupee in the Nostro account. 🇺🇸🤝🇮🇳
✅ Vostro account is a bank account that a bank holds in its home country on behalf of a foreign bank, denominated in the foreign bank's currency. 💵🏠 The term "Vostro" is derived from the Latin word for "yours." For example, if a bank in India has a Vostro account with a bank in the United States, the Indian bank holds U.S. dollars in the Vostro account. 🇮🇳🤝🇺🇸
#Prelims
#economy
#Quick_Revision_Series_2023
@studyUpscChannel
Nostro and Vostro accounts are two types of bank accounts used for international transactions. 🏦💸
✅ Nostro account is a bank account that a bank holds in a foreign country, denominated in the local currency of that country. 🌍💰 The term "Nostro" is derived from the Latin word for "ours." For example, if a bank in the United States has a Nostro account with a bank in India, the U.S. bank holds rupee in the Nostro account. 🇺🇸🤝🇮🇳
✅ Vostro account is a bank account that a bank holds in its home country on behalf of a foreign bank, denominated in the foreign bank's currency. 💵🏠 The term "Vostro" is derived from the Latin word for "yours." For example, if a bank in India has a Vostro account with a bank in the United States, the Indian bank holds U.S. dollars in the Vostro account. 🇮🇳🤝🇺🇸
#Prelims
#economy
#Quick_Revision_Series_2023
@studyUpscChannel
👍5🔥1
Study UPSC Official
Hey folks, its less than 2 months remaining for the UPSC prelims paper. Its high time, if you haven’t given any mock tests yet, then start giving them asap. Give at least 5-6 tests full length tests complimented with some sectional according to your weak…
With less than 30 days remaining for the UPSC prelims, it's crucial to shift gears and focus on the final phase of preparation. I hope you have already developed your strategy for attempting the exam, but if you haven't, don't panic, you still have two-three weeks to do so.
Why I am laying stress on strategy ?
Developing a strategy is vital to figure out which sections you will attempt first, which ones to attempt later, and how to allocate time to each section. A well-planned strategy will help you manage your time better and maximize your score. Moreover, it's essential to be aware of your strengths and weaknesses, and focus on playing to your strengths than to be bogged down by the weak areas.
Next important thing is to wind up the mock tests in next 15-20 days and keep last 10-15 days solely for revision... because a bad mock test in final days can stifle your confidence & trust me that's not something you want.
Lastly, stay calm, confident, and believe in yourself. You have put in a lot of hard work and dedication, and it's time to reap the rewards. Keep revising, practicing, and improving. All the best for your UPSC prelims!
#onpopulardemand
@studyUpscChannel
Why I am laying stress on strategy ?
Developing a strategy is vital to figure out which sections you will attempt first, which ones to attempt later, and how to allocate time to each section. A well-planned strategy will help you manage your time better and maximize your score. Moreover, it's essential to be aware of your strengths and weaknesses, and focus on playing to your strengths than to be bogged down by the weak areas.
Next important thing is to wind up the mock tests in next 15-20 days and keep last 10-15 days solely for revision... because a bad mock test in final days can stifle your confidence & trust me that's not something you want.
Lastly, stay calm, confident, and believe in yourself. You have put in a lot of hard work and dedication, and it's time to reap the rewards. Keep revising, practicing, and improving. All the best for your UPSC prelims!
#onpopulardemand
@studyUpscChannel
❤9
Commonly confused Terms: Alternate Dispute Resolution Mechanism
✅ Mediation: 🤝 A neutral third party helps disputing parties communicate and reach a mutually acceptable agreement.
✅ Arbitration: ⚖️ A neutral third party makes a binding decision on the dispute which is called award, based on evidence presented.
✅ Conciliation: 💡 A neutral third party offers solutions to help parties reach an agreement.
✅ Negotiation: 💬 Parties come together to discuss the issue and try to find a mutually acceptable solution. No third party is involved.
#Prelims
#Quick_Revision_Series_2023
@studyUpscChannel
✅ Mediation: 🤝 A neutral third party helps disputing parties communicate and reach a mutually acceptable agreement.
✅ Arbitration: ⚖️ A neutral third party makes a binding decision on the dispute which is called award, based on evidence presented.
✅ Conciliation: 💡 A neutral third party offers solutions to help parties reach an agreement.
✅ Negotiation: 💬 Parties come together to discuss the issue and try to find a mutually acceptable solution. No third party is involved.
#Prelims
#Quick_Revision_Series_2023
@studyUpscChannel
👍3🔥3
Study UPSC Official
Commonly confused Terms: Alternate Dispute Resolution Mechanism ✅ Mediation: 🤝 A neutral third party helps disputing parties communicate and reach a mutually acceptable agreement. ✅ Arbitration: ⚖️ A neutral third party makes a binding decision on the dispute…
Commonly confused terms: WPI and CPI 📈
✅ Consumer Price Index🥗
- The Consumer Price Index (CPI) measures the change in prices of goods and services consumed by households.
- CPI has the base year of 2012 📆
- It considers changes in the prices of both goods and services. 💰
There are two types of CPI measured by different organizations:
a) CPI by Labor Bureau (Labor & Employment Ministry)
☑️ Agri laborer
☑️ Industrial worker
☑️ Rural laborer
b) CPI by National Statistics Organization (MoSPI)
☑️ Rural
☑️ Urban
☑️ Combined
✅ Wholesale Price Index👛
- The Wholesale Price Index (WPI) measures the change in prices of goods at the wholesale level.
- It is measured by the Office of Economic Adviser, Ministry of Commerce and Industry.
- WPI has the base year of 2011-12 and solely considers changes in the price of goods not services. 💹
#Prelims
#Quick_Revision_Series_2023
@studyUpscChannel
✅ Consumer Price Index🥗
- The Consumer Price Index (CPI) measures the change in prices of goods and services consumed by households.
- CPI has the base year of 2012 📆
- It considers changes in the prices of both goods and services. 💰
There are two types of CPI measured by different organizations:
a) CPI by Labor Bureau (Labor & Employment Ministry)
☑️ Agri laborer
☑️ Industrial worker
☑️ Rural laborer
b) CPI by National Statistics Organization (MoSPI)
☑️ Rural
☑️ Urban
☑️ Combined
✅ Wholesale Price Index👛
- The Wholesale Price Index (WPI) measures the change in prices of goods at the wholesale level.
- It is measured by the Office of Economic Adviser, Ministry of Commerce and Industry.
- WPI has the base year of 2011-12 and solely considers changes in the price of goods not services. 💹
#Prelims
#Quick_Revision_Series_2023
@studyUpscChannel
🔥5❤2👍2
Study UPSC Official
Commonly confused terms: WPI and CPI 📈 ✅ Consumer Price Index🥗 - The Consumer Price Index (CPI) measures the change in prices of goods and services consumed by households. - CPI has the base year of 2012 📆 - It considers changes in the prices of both goods…
🔥Commonly Confused in organizations in Modern History 🤔🤔
✳️ Harijan Sewak Sangh (All India Untouchability League) :- Mahatma Gandhi
✳️ All India Depressed Class League :- Babu Jagjivan Ram
✳️ All India Scheduled Caste Federation/Congress (1942):- B R Ambedkar
✳️ All India Depressed Classes Association (1926):- M C Rajah
#Quick_Revision_Series_2023
#Prelims
@studyUpscChannel
✳️ Harijan Sewak Sangh (All India Untouchability League) :- Mahatma Gandhi
✳️ All India Depressed Class League :- Babu Jagjivan Ram
✳️ All India Scheduled Caste Federation/Congress (1942):- B R Ambedkar
✳️ All India Depressed Classes Association (1926):- M C Rajah
#Quick_Revision_Series_2023
#Prelims
@studyUpscChannel
👍4🔥4👏3
Forwarded from Study UPSC Official
Chiru Goat, often seen in the news. Which of the following statement is incorrect regarding it?
Anonymous Quiz
18%
It is the sole species in the genus Pantholops.
36%
It has been classified as 'critically endangered' by the IUCN.
18%
It is a migratory species from cold desert.
28%
It is endemic to the Tibetan Plateau.
Forwarded from Study UPSC Official
Which of the following is not the parameter for soil assessment in soil health card scheme?
Anonymous Quiz
6%
pH
61%
Electrical Conductivity
9%
Organic Carbon
24%
Oxygen content
Forwarded from Study UPSC Official
Consider the following features :
1. It is the longest lake in India
2. It is the second largest Ramsar site in India. Identify the correct water body?
1. It is the longest lake in India
2. It is the second largest Ramsar site in India. Identify the correct water body?
Anonymous Quiz
25%
Chilika Lake
52%
Vembanad Lake
15%
Kolleru Lake
7%
Wular Lake
UP PCS-2023 (Prelims) Admit Cards are out. 👇🏼👇🏼
https://uppsc.up.nic.in/CandidatePages/AdmitCard/AdmitCard.aspx
https://uppsc.up.nic.in/CandidatePages/AdmitCard/AdmitCard.aspx
👍3