Showing posts with label IBPS. Show all posts
Showing posts with label IBPS. Show all posts

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).

Tuesday, 17 January 2017

KEY LANDMARKS IN THE JOURNEY OF RBI

Key Landmarks in the journey of RBI

》In 1926, the Royal Commission on Indian Currency and Finance recommended creation of a central bank for India.

》In 1927, a bill to give effect to the above recommendation was introduced in the Legislative Assembly, but was later withdrawn due to lack of agreement among various sections of people.

》In 1933, the White Paper on Indian Constitutional Reforms recommended the creation of a Reserve Bank. A fresh bill was introduced in the Legislative Assembly.

》In 1934, the Bill was passed and received the Governor General’s assent.

》In 1935, Reserve Bank commenced operations as India’s central bank on April 1 as a private shareholders’ bank with a paid up capital of rupees five crore.

》In 1942 Reserve Bank ceased to be the currency issuing authority of Burma (now Myanmar).

》In 1947, Reserve Bank stopped acting as banker to the Government of Burma.

》In 1948, Reserve Bank stopped rendering central banking services to Pakistan.

》In 1949, the Government of India nationalized the Reserve Bank under the Reserve Bank (Transfer of Public Ownership) Act, 1948.

》In 1949, Banking Regulation Act was enacted.

》In 1951, India embarked in the Planning Era.

》In 1966, the Cooperative Banks came within the regulations of the RBI.
Rupee was devaluated for the first time.

》In 1969, Nationalization of 14 Banks was a Turning point in the history of Indian Banking.

》In 1973, the Foreign Exchange Regulation act was amended and exchange control was strengthened.

》In 1974, the Priority Sector Advance Targets started getting fixed.

》In 1975, Regional Rural Banks started.

》In 1985, the Sukhamoy Chakravarty and Vaghul Committee reports embarked the era of Financial Market Reforms in India.

》In 1991, India came under the Balance of Payment crisis and RBI pledged Gold to shore up reserves. Rupee was devaluated.

》In 1991-92, Economic Reforms started in India.

》In 1993, Exchange Rate became Market determined.

》In 1994, Board for Financial Supervision was set up.

》In 1997, the regulation of the Non Banking Financial Companies (NBFC) got strengthened.

》In 1998, Multiple Indicator Approach for monetary policy was adopted for the first time.

》In 2000, the Foreign Exchange Management Act (FEMA) replaced the erstwhile FERA.

》In 2002, The Clearing Corporation of India Ltd Started operation.

》In 2003, Fiscal Responsibility and Budget Management Act (FRBMA) enacted.

》In 2004, Liquidity Adjustment Facility (LAF) started working fully.

》In 2004, Market Stabilization Scheme (MSS) was launched.

》In 2004 Real Time Gross Settlement (RTGS) started working.

》In 2006, Reserve Bank of India was empowered to regulate the money, forex, G-Sec and Gold related security markets.

》In 2007, Reserve bank of India was empowered to regulate the Payment systems.