Repo Rate is RBI's short-term lending rate.
It is the rate at which commercial banks borrow money from the Reserve Bank of India by selling securities. It's a key tool for controlling inflation and injecting liquidity into the banking system, set by the Monetary Policy Committee.
Preamble introduces the Indian Constitution.
It outlines the ideals and objectives of the Constitution, declaring India a Sovereign, Socialist, Secular, Democratic Republic. It was adopted by the Constituent Assembly on November 26, 1949.
Pradhan Mantri Jan-Dhan Yojana for financial inclusion.
This flagship government scheme aims to provide universal access to banking facilities, including basic savings bank accounts, credit, insurance, and pension. It seeks to bring the unbanked population into the formal financial system.
Quit India Movement demanded British withdrawal.
Launched by Mahatma Gandhi in 1942 during World War II, it called for an immediate end to British rule in India. The movement's famous slogan was 'Do or Die'.
India's Mars Orbiter Mission (MOM) reached Mars.
ISRO successfully placed the Mangalyaan spacecraft into Mars orbit in its maiden attempt. This achievement made India the first Asian nation and fourth entity globally to achieve Martian orbit.
Five permanent members of UN Security Council.
The P5 nations are China, France, Russia, United Kingdom, and United States. They hold veto power over substantive resolutions, reflecting their status as major powers post-World War II.
Olympic rings symbolize five inhabited continents.
The five interlocking rings — blue, yellow, black, green, and red on a white field — represent the unity of the five inhabited continents: Africa, the Americas, Asia, Europe, and Oceania.