THE HINDU | Article | Push for IMF reform | FEB 1

Finally, the International Monetary Fund has made country quota reforms agreed by the G20 in 2010 a reality. One could imagine a collective, global sigh of relief as the chief objector to the changes, the U.S. Congress, dropped its intransigence in December and allowed the multilateral lender to adopt a country quota distribution that better reflects the power balance of emerging markets in the global economy. With this structural shift, more than 6 percentage points of the quota, including both the Fund’s capital and its proportionate voting rights, have been transferred from developed to emerging economies. The greatest gains from the reforms accrue to the IMF itself, as the combined capital that its 188 member-countries contribute will increase to approximately $659 billion from nearly $329 billion. 

LIC AAO | COMPUTER QUIZ - 11

LIC AAO | COMPUTER QUIZ - 10

1. The copy command saves to
a. the desktop
b. the clipboard
c. microsoft word
d. paste
e. None of these

LIC AAO | CURRENT AFFAIRS QUIZ - 16

IBPS SO | IT OFFICER - 9

1. Which of the following is a function of an e-mail system ?
a. Composition
b. Transfer
c. Reporting
d. All of the above
e. None of these

BANKING AWARENESS QUIZ - 3

1. MICR code is used for ___?
A. For Electronic Clearance of Cheques
B. For Electronic Funds Transfer
C. For Code Banking Solution
D. For Cheque Truncation Services
E. None of these

Tax The Rich More To Reduce Inequalities, Says Economist Thomas Piketty

Economist Thomas Piketty has an unusual solution to India's economic growth challenges, one that the super rich of the country presumably won't be to pleased with. Tax the rich more, he says, adding that the most affluent classes should 'behave responsibly' and partake in the long drawn process of ending social inequalities in the country.