[Economy] Important Terms - 2 Marks for TNPSC Group 1, 2 Mains - TNPSC GURU - TNPSC Group 2A/2 Apply Online - Join Test batch


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Sunday, January 1

[Economy] Important Terms - 2 Marks for TNPSC Group 1, 2 Mains

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.
  • It is a method of funding a project or venture by raising money from a large number of people each contribute a small amount of money.
  • Mostly the money will be raised via Internet.

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