Questions

Schedule bank’s account can be treated as inoperative account only after 2 years from the date of the last credit entry of interest on Fixed Deposit account as per RBI guidelines.

The Reserve Bank of India (RBI) Governor Urjit Patel has been appointed as member in ‘Financial Stability Institute Advisory Board’ of ‘Bank ofInternational Settlement (BIS)’. The Advisory Board will comprise a small but diverse group of central bank Governors, heads of financial sector supervision and chairs of standard-setting bodies and regional supervisory groups.Note:The ‘Financial Stability Institute Advisory Board’ of BIS assists financial sector authorities worldwide in strengthening their financial systems.

 The World Economic Outlook (WEO) is a survey conducted and published by the International Monetary Fund. It is published biannually and partly updated two times a year. It portrays the world economy in the near and medium context, with projections for up to four years into the future. 

World Hello Day is observed annually on 21st November to hope the conflicts must be settled by only conversations rather than use of force.