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Monday, May 5

[Economy] Important Terms

Latest:TNPSC Group 4 2016 Expected Cut Off Marks, Answer Key
CRR Cash Reserve Ratio
  • The minimum amount to be deposited by the Banks with the RBI.
SLR Statutory Liquid Ratio
  • The minimum percentage of deposits of a Bank to be kept in its own vault.
Viability Gap Funding
  • VGF (Viability Gap Funding) is a mechanism in which the Government provides a capital grant to make the project feasible (economically viable) to the Developers
CSR - Corporate Social Responsibility
  • Every company having net worth of rupees five hundred crore or more, or turnover of rupees one thousand crore or more or a net profit of rupees five crore or more during any financial year must spend every year at least 2 % of their average net profit over the preceding three years on CSR.

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