01 July 2013

BANKING AWARENESS

GDP – Gross Domestic Product.
NBFC – Non banking finance company.
Bear and Bulls related to – Stock Market.
SDR (Special Drawing Rights)  issued by – IMF.
Chairman of 13th finance commission – Vijay Kelkar.
Financial Inclusion (वित्तीय समावेशन)-- Banking services to rural people termed.
The details of the companies financial position in the annual report of a company is known as – balance sheet.
Insurance companies regulate in India – IRDA (Insurance Regulatory Development Authority).
The financial body which frames Monetary and Financial policy in India – RBI.
RBI says Rupee Over valued, what it means -- The rupee has lost only against the dollar but appreciated against other currencies.
Which committee recommended the hike of petrol and diesel prices – Kirit Parekh Committee.
For preventing frauds and counterfeiting in a bank, RBI has proposed a scheme called – Know Your Customer (KYC).
Organization deals with Fertilizer industry – IFFCO (Indian Farmers Fertiliser Cooperative Limited).
FCCB stand for - Foreign Currency Convertible Bond.
MAT stand for – Minimum Alternate Tax.
Monetary Policy include - CRR and SLR.
SME – Small and Medium Enterprises.
Foreign exchanges are done in – US Dollars.
Home loans are given to – Individuals.
SME loans are given to – ALL Small Scale Industries(SSI).
FCRA – Foreign Contribution Regulation Act.
APEC – Asia Pacific Economic Cooperation.
NPA – Non Performing assets
Basel II norms – Maintaining Capital Adequate ratio
POS – Point of sale
ECS – Electronic Clearing system
The exchange of goods between the two or more countries is known as - FTA(Free Trade Agreement).
RBI has kept Emergency Fund facility for which of the following banks –Urban Co-operative banks
Full form of TPF– Trade policy Forum.
Credit Rating agency in India – CRISIL
Stocks and bonds are trade – Capital Market
Service Tax is Shared by – Central Government.
FTA released by – Ministry of Commerce & Industry
Reverse Mortgage scheme is related to – For Senior Citizens
First to start Mutual Fund trading on BSE – UTI Mutual Fund.
IIP (Index of Industrial Production) was released by – Central Statistical Organization (CSO).
World Investment Report released by – UNCTAD.
NCDEX (National Commodity and Derivatives Exchange) commodity stock exchange is headquartered—Mumbai
NABARD(National Bank for Agriculture and rural development bank ) is headquartered – Mumbani
ADB (Asian Development Bank ) is headquartered – Manila
POS -- Point of Scale
VAT stands for -- Value Added Tax
GST : Good and Service Tax.
Who issue & regulate currency -- RBI
NEFT full form -- National Electronic Fund Transfer.
Full form of LLP – Limited Liability Partnership.
Max limit for RTGS (Real Time Gross Settlement) - No limit.
Which bank can accept deposit -- commercial bank
Insurance services given by banks are called – Bancassurance.
Bank are connected to all banking network -- Core Banking Solution.
Financial inclusion is -- Banking facilities to all of them whom not has provided as yet.
Who has maximum share in nationalized Bank -- Govt of India.
Demat account use for -- for shares trading in electronic form.
RTGS minimum threshold limit recently raised to – 2  lac
Govt. sharehold in public sector banks cant be below –51%
How many villages are to be covered in next 5yrs under Financial inclusion --73,000.
NEFT system uses which codes -- IFS Codes.
KYC procedure requires -- ID & address proof of the customer
Self Help groups means -- Self-Help Groups are prime platform for social mobilization of women and creating awareness about legal and political rights.
Reverse mortgage loan -- Finance given to senior citizens against residential houses/flats.
Fastest inter bank transfer is by --  RTGS.
ASBA -- Application Supported by Blocked Amount.
SLR -- The minimum reserves each bank must hold to customer deposits and  notes.
FINO -- Financial Inclusion Network and Operations.
Deepak Mohanti committee is related to -- Base rate.
The Govt. And the Rbi had set a target to cover 73000 villages having population in excess of 2000 to provide access to banking services, by march2012. Scheme name is  -- SWABHIMAN
C.A.G. -- Comptroller and Auditor General
Rights issue mean -- Sale of securities to existing share holders
Secondary Market regulated by – SEBI
Expand NOHC -- Non-Operative Holding Company
World's largest bank by profit – ICBC (Insurance Corporation of British Columbia)
CDSL means -- Central Depository Services Limited
NSDL means -- National Securities Depository Limited
ETF stands for -- Exchange Traded Fund
Core banking means – Connectivity of branches, ATM and online systems of all branches.
The Foreign Exchange Reserve of India are kept in the custody of -- Reserve Bank of India.
Plastic money -- Credit Card, Debit Card
PPP means : purchasing power parity.
N.A.V.  – Net Assets Value.
Controlling & regulate Share market : SEBI (Security Exchange Board of India).


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