Promissory note • A promissory note is an instrument in writing (not being a bank note or a currency note) containing an unconditional undertaking, signed by the maker, to pay a certain sum of money only to or to the order of a certain person or to the bearer of the instrument. • In a ...

Commercial Paper • Commercial paper is an unsecured, short period debt tool issued by a company, usually for the finance and inventories and temporary liabilities. • The maturities in this paper do not last longer than 270 days. • These papers are like a promissory note allotted at a huge ...

Deendayal Disabled Rehabilitation Scheme (DDRS) • The umbrella Central Sector Scheme called the “Scheme to Promote Voluntary Action for Persons with Disabilities” was revised in 2003 and was renamed as the DDRS. • The approach of this Scheme is to provide financial assistance to voluntary ...

Financial Market • Financial market is the market that facilitates transfer of funds between investors/ lenders and borrowers/ users. • Financial market may be defined as ‘a transmission mechanism between investors (or lenders) and the borrowers (or users) through which transfer of funds is ...

■  Tracking animals through e-DNA- ✓According to some studies, DNA floating in the air (e-DNA) can boost biodiversity conservation efforts across the world. ● About: ✓Researchers have independently shown that environmental DNA (e-DNA) have the potential to identify and monitor ...

SRESHTA Scheme: • The Government of India is to launch SRESTHA Scheme for the Scheduled Caste students. • The scheme is to be implemented by the Ministry of Social Justice and Empowerment. • It targets the meritorious students of Scheduled Caste. It will also help to control the drop out ...

Rythu Bandhu ✓ Rythu Bandhu is a scheme under which the state government extends financial support to land-owning farmers at the beginning of the crop season through direct benefit transfer. ✓ The scheme aims to take care of the initial investment needs and do not fall into a debt trap. ✓ ...

Amarkantak Mountain Range ▪️ The Amarkantak region is a unique natural heritage area and is the meeting point of the Vindhya and the Satpura Ranges, with the Maikal Hills being the fulcrum. ▪️ Location: District Anuppur, State Madhya Pradesh ▪️ This is where the Narmada River, the Son ...

■  Chennai to be developed as a ‘sponge city' - ∆ To combat urban floods, it is necessary to use new water management systems and convert Chennai into a sponge city. ∆ The idea behind sponge cities is to make cities more permeable, with more open spaces to collect rainfall and enable it ...

■ DEMAND FOR A CONSTITUENT ASSEMBLY ◇ It was in 1934 that the idea of a Constituent Assembly for India was put forward for the first time by M.N. Roy, a pioneer of communist movement in India. ◇ In 1935, the Indian National Congress (INC), for the first time, officially demanded a ...

COMMODITY MONEY • Commodity money is money whose value comes from a commodity of which it is made. • Commodity money consists of objects having value or use in themselves (intrinsic value) as well as their value in buying goods – for example, gold not only use as medium of exchange but also ...

∆Money ✓ “Anything which is widely accepted in payment of goods or in the discharge of other kind of payment obligations”. ✓ “Money can be defined as anything that is generally acceptable as a medium of exchange and at the same time act as a measure and a store of value”. ✓ Economist has ...