Thursday, 19 January 2017

80 BANKING AND FINANCE POINTS

●GDP – Gross Domestic Product.

●Bear and Bulls related to – Stock Market.

●SDR (Special Drawing Rights)  issued by – IMF.

●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.

●.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).

●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%

●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.

●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

●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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