Banking Awareness - Cash Credit

Cash Credit (CC)
              Cash Credit is an arrangement whereby the banks allow borrowers to draw amount up to a specific limit. the amount is credited to the account of the customer. the customer may withdraw the amount as and when he requires. Interest is drawn on the amount actually withdrawn. Cash credit is granted as per terms and conditions agreed by the customer.

Capital and Currency - Vanuatu

Vanuatu

Capital : Port Vila

Currency : Vanuatu Vatu

President : Baldwin Lonsdale

Prime Minister : Joe Natuman

Language : Bislama, English, French

GK - First Tobacco free village

India's First Tobacco free village
        On occasion of World Tobacco Day observed on 31st May 2014  Principal Secretary R.Benchilo Thong declared Grariphema Village council hall near Kohima in Nagaland State as First Tobacco free village in India.

Nagaland

Capital : Kohima

Governer : Padmanabha Balkrishna Acharya

Chief Minister : T.R.Zeliang

Banking Awareness - Deficit Financing

DEFICIT FINANCING
       It is a planned excess of expenditure over income. Most governments often spend more than they raise in taxation, the difference being financed by borrowing. it is used in economics to refer to a planned budget deficit incurred in the interest of expanding aggregate demand by relaxing Fiscal Policy and injecting Purchasing Power into the economy.

Capital and Currency - Brazil

BRAZIL

Capital : Brasilia

Currency : Brazilian Real

President : Dilma Rousseff

Language : Portuguese