Daily Factly is the NDI-National Defence Institute initiative to help students in the process of preparation for CDS, CAPF, NDA, AFCAT, INET, SSC, and other State-level exams. Complemented with thorough preparation and revision of all subjects and mock tests, Daily Factly would undoubtedly help you gain those extra 10-12 marks when you have exhausted the limits of your knowledge. The real test is close. We hope this helps you
Daily Factly-June 06
1. Delimitation is the redrawing of the boundaries of parliamentary or assembly constituencies to make sure that there are, as near as practicable, the same number of people in each constituency. Delimitation commissions have been set up four times in the past — 1952, 1963, 1973 and 2002 — under Delimitation Commission Acts of 1952, 1962, 1972 and 2002
2. Internet and Mobile Association of India (IAMAI) is a not-for-profit industry body registered under the Societies Act, 1986. Its mandate is to expand and enhance the online and mobile value-added services sectors IAMAI is the only specialized industry body in India representing the interests of online and mobile value added services industry.
3. Organisation of Islamic Cooperation (OIC) is the second largest inter-governmental organization after the United Nations, established in 1969 with a membership of 57 states spread over four continents. The Organization is the collective voice of the Muslim world. Its administrative headquarter is in Jeddah, Saudi Arabia.
4. International Criminal Court is the first permanent, treaty-based, International criminal court, with jurisdiction to prosecute individuals for international crimes of genocide, crimes against Humanity, war crimes and crimes of aggression. Established in 2002 and governed by the Rome Statute, which was adopted in 1998.It is an independent judicial body distinct from the UN. It works in cooperation with UN, Reports annually to the UNGA and also hear cases referred to by UNSC. It is located in The Hague, The Netherlands.
5. The marginal cost of funds based lending rate (MCLR) refers to the minimum interest rate of a bank below which it cannot lend, except in some cases allowed by the RBI. Thus, it is an internal benchmark or reference rate for the bank.
6. Brown label ATMs are ATMs which are owned by banks but operations and maintenance are outsourced to a third party. Such ATMs operate as the ones belonging to the bank itself, including having the bank’s branding.
7. National Payments Corporation of India is an initiative of RBI & Indian Banks Association (IBA) under provisions of the Payment & Settlement Systems Act, 2007. It is the umbrella organization for all retail payments and settlement systems in the country. It also manages the UPI platform & links all the ATMs in India.
8. Flipped Learning is a pedagogical approach in which the conventional notion of classroom-based learning is inverted, so that students are introduced to the learning material before class, with classroom time then being used to deepen understanding through discussion with peers and problem-solving activities.
9. The DTAA treaty is signed in order to avoid double taxation on the same declared asset in two different countries. These DTAAs are made to make a country attractive for investment purpose by providing relief on dual taxation. The relief is provided by exempting income earned overseas from tax in the resident country or by providing credit to the extent wherein taxes have already been paid abroad. India has Double Taxation Avoidance Agreement (DTAA) with 88 countries, but presently 85 have been in force.
10. Alternative Investment Fund refers to any privately pooled investment fund in form of a trust or a company or a body corporate or limited liability partnership which do not come jurisdiction of any regulatory agency in India. AIFs have been defined in Regulation 2(1)(b) of SEBI (Alternate Investment Fund) Regulations 2012. And its definition includes venture capital fund, hedge fund, private equity fund etc.