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).