The Ministry of Finance has asked all public sector banks to set up ATMs in all branches by _______to enable customers in rural pockets to do banking round the-clock.
Mohit Sharma has become the second Indian to get Man of the Match award on his ODI debut. Who was the first?
According to RBI guidelines, a Local Area Bank's area of operation cannot exceed more than in ___ geographically contiguous districts.
V Dakshinamoorthy, who passed away recently, was a veteran
Bharat Chetri is related to which sports ? (RRB PO, 2013)
Vikas Gowda is associated with which of the following games?
The multi media campaign 'Glimpses of India Story' of Ministry of Information and Broadcasting is an attempt
National Spot Exchange Ltd (NSEL) is hopeful of disposing its payment liabilities within set timeframe. The exchange is fighting an unprecedented________payment crisis.
Commercial banks can refuse premature withdrawal of fixed deposits held by
Important terms:
-Hawala Transaction: It's a process in which large amount of black money is
converted into white.
-Teaser Loans: It's a type of home loans in which the interest rates is firstly
low and then gradually goes high. Teaser loans are also called Terraced
loan.
-Currency swap: It is a foreign-exchange agreement between two parties to
exchange aspects (namely the principal and/or interest payments) of a loan in
one currency for equivalent aspects of an equal in net present value loan in
another currency. Currency swap is an instrument to manage cash flows in
different currency
-Future Trading: It's a future contract/agreement between the buyers and
sellers to buy and sell the underlying assets in the future at a predetermined
price.
-SDR: Special Drawing Rights, SDR is a type of monetary reserve currency,
created by the International Monetary Fund. SDR can be defined as defined
as a "basket of national currencies". These national currencies are Euro, US
dollar, British pound, and Japanese yen. Special Drawing Rights can be used
to settle trade balances between countries and to repay the IMF. American
dollar gets highest weightage.
-FRBM Act 2003: Fiscal Responsibility and Budget Management act was
enacted by the Parliament of India to institutionalize financial discipline,
reduce India's fiscal deficit, improve macroeconomic management and the
overall management of the public funds by moving towards a balanced
budget.
The main objectives of FRBM Act are:-
1. To reduce fiscal deficit.
2. To adopt prudent debt management.
3. To generate revenue surplus.
-Junk Bonds: Junk bonds are issued generally by smaller or relatively less
well known firms to finance their operations, or by large and well known firms
to fund leveraged buyouts. These bonds are frequently unsecured or partially
secured, and they pay higher interest rates: 3 to 4 percentage points higher
than the interest rate on blue chip corporate bonds of comparable maturity
period.
-BANCASSURANCE: Is the term used to describe the partnership or
relationship between a bank and an insurance company whereby the
insurance company uses the bank sales channel in order to sell insurance
products.
-SWIFT: Society for Worldwide Interbank Financial Telecommunication. It
operates a worldwide financial messaging network which exchanges
messages between banks and other financial institutions
-ECGC: Export Credit Guarantee Corporation of India. This organization
provides risk as well as insurance cover to the Indian exporters.
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First all women contingent in any UN peacekeeping mission was from which country:
India's First River-lake link project launched In
India's fastest supercomputer and the 62nd fastest supercomputer in the world.
'The Colonel' is the name of which Indian Test Cricketer...???
he govt banned the top-selling drug Pioglitazone recently citing its severe side effects as the reason. This drug was used to treat which of the following
diseases?
When was the first Olympic day celebrated...???
India has served on the United Nation Security Council(UNSC) as a non permanent member on how many occasions
On whose Birthday National Youth Day is celebrated?
Minster of personnel and public grievances and pension?
The ability of commercial banks to increase their deposits by expanding their loans and advances is known as