Current Affairs, General and Banking Knowledge Thread For Bank Aspirants

first telegraph was posted on which date and what were the source and destination?

after the kundankulam nuclear power plant went critical ,what is the approximate total capacity of nuclear power generated in india in mega watt

hemant soren the new chief minister of jharkhand is the ----th cm after the state's formation in year 2000?

pran , the versatile actor died after a long illness at leelavati hospital in mumbai , he fell short of his century by how many years...RIP

these errors are correct is written by

if we have to prepare a teacher -pupil series than the correct series is

tagore award for cultural harmony for the year 2012 was conferred upon

which of these is india's first indigeneous weaponised helicopter

what is the name of the party which lost the election in bhutan .

mg

who is the queen of bhutan

the queen of bhutan was a resident of

king of bhutan is

my india initiative was launched by

golan heights is a disputed region between

The current chair of G20 is

_______, along with the US, was the largest importer of Iraqi crude oil in 2012.

what are the reasons for the downfall of indian rupee?

1.widening current account deficit
2.strengthening of dollar against major global currencies
3.gradual withdrawal of stimulus by developed nations
4.increasing debt to equity ratio
5.foreign direct investment

world famous economist and the prime minister of India Dr. Manmohan singh was the governor of Reserve bank of India , can u remember the period of his governorship.?

RBI Assistant Exam - Some Computer basics and Theories which I got in training of RBI.


(Find the attachment) splatsplatsplatsplatsplatsplatsplatsplat

Some Basic Banking terms:(RBI Assistant exam) (do read GLossary and other facts of RBI from its website)


CRR-Cash Reserve Ratio-4 %
-NET Demand/Time liability
SLR- Statutory Liquidity Ratio-23%
- bank has to maintain SLR in form of Cash, gold, Silver, Bonds, government securities etc..
RRR-reverse repo rate-6.25
RR- repo rate-7.25%
bank rate-8.25%
MSF-marginal standing facility(LIquidity adjustment facility)-8.25%
base rate-9.70 to 10.50%(Min. Rate decided by RBI ...NO bank can lend money above or below this rate)
PLR- prime lending rate - Favorable rate....- Offering to employees for bank loan, car loan, educatio loan.. etc...

Repo rate , Bank rate and MSF are only rates in which RBI gives loans to banks.....

RR- short term upto 1 year
BR- Long term- official rate of central bank
MSF- After 2006 - LAF is called MSF ....when operations are not working well in banks or when assets and liabilities become mismatched...banks use MSF (For emergency purpose, RBI use it)

RBI :

- Central body of the country
-Banker's bank
- Apex body of country
-Banker's of central and state government
-Foreign Currency in the custody of RBI
-FOrex Manager of country
-Forex reserve custody
-Banker's last resort

FUnctions: -supervising and monetary authorities
- Economic Development
- Issuing Currency Notes
- Price stability and other functions are same as some of RBI works...(as above)

Direct and Indirect Instruments:

Direct instruments: Only 3 instruments are there... 1) CRR, 2) SLR, 3) Refinance Facility
1) CRR - If there is a increase and decrease in rate like 4.25 to 4 % then in 0.25 % ... RBI release amount of RS.18000 crore in market to BANKS...
- to easy the liquidity and to implement Basel III norms

2) SLR- Price stability, LIquidity management, and economic development

there are main 8 core sectors- Coal, Crude oil, Petroleum refinery products, Cement, Steel, Electricity, Natural Gas, Fertilizers

Indirect instruments:

1) RR and CRR - To regulate credit ratings, Liquidity absorbs(maintain), to influence liquidity in market( RR increases) and When RBI needs liquidity in market...RRR increases

2) OMO- Open Market Operations - when RBI sell government securities in market ... so money decrease in market and RBI gain MOney .. but when RBI purchase government securities in open market... then there is increase in money in market

Thank you... hope this helps.... splatsplatsplatsplatsplatsplatsplat