Banking and Financial Awareness

• Banking and Financial Awareness
• 1.     GDP – Gross Domestic Product.
• 2.     NBFC – Non banking finance company.
• 3.     Bear and Bulls related to – Stock Market.
• 4.     SDR (Special Drawing Rights)  issued by – IMF.
• 5.     Chairman of 13^th finance commission – Vijay Kelkar.
• 6.     Financial Inclusion (वित्तीय समावेशन)-- Banking services to rural people termed.
• 7.     The details of the companies financial position in the annual report of a company is known as – balance sheet.
• 8.     Insurance companies regulate in India – IRDA (Insurance Regulatory Development Authority).
• 9.     The financial body which frames Monetary and Financial policy in India – RBI.
• 10.  RBI says Rupee Over valued, what it means -- The rupee has lost only against the dollar but appreciated against other currencies.
• 11.  Which committee recommended the hike of petrol and diesel prices – Kirit Parekh Committee.
• 12.  For preventing frauds and counterfeiting in a bank, RBI has proposed a scheme called – Know Your Customer (KYC).
• 13.  Organization deals with Fertilizer industry – IFFCO (Indian Farmers Fertiliser Cooperative Limited).
• 14.  FCCB stand for - Foreign Currency Convertible Bond.
• 15.  MAT stand for – Minimum Alternate Tax.
• 16.  Monetary Policy include - CRR and SLR.
• 17.  SME – Small and Medium Enterprises.
• 18.  Foreign exchanges are done in – US Dollars.
• 19.  Home loans are given to – Individuals.
• 20.  SME loans are given to – ALL Small Scale Industries(SSI).
• 21.  FCRA – Foreign Contribution Regulation Act.
• 22.  APEC – Asia Pacific Economic Cooperation.
• 23.  NPA – Non Performing assets
• 24.  Basel II norms – Maintaining Capital Adequate ratio
• 25.  POS – Point of sale
• 26.  ECS – Electronic Clearing system
• 27.  The exchange of goods between the two or more countries is known as - FTA(Free Trade Agreement).
• 28.  RBI has kept Emergency Fund facility for which of the following banks –Urban Co-operative banks
• 29.  Full form of TPF– Trade policy Forum.
• 30.  Credit Rating agency in India – CRISIL
• 31.  Stocks and bonds are trade – Capital Market
• 32.  Service Tax is Shared by – Central Government.
• 33.  FTA released by – Ministry of Commerce & Industry
• 34.  Reverse Mortgage scheme is related to – For Senior Citizens
• 35.  First to start Mutual Fund trading on BSE – UTI Mutual Fund.
• 36.  IIP (Index of Industrial Production) was released by – Central Statistical Organization (CSO).
• 37.  World Investment Report released by – UNCTAD.
• 38.  NCDEX (National Commodity and Derivatives Exchange) commodity stock exchange is headquartered—Mumbai
• 39.  NABARD(National Bank for Agriculture and rural development bank ) is headquartered – Mumbani
• 40.  ADB (Asian Development Bank ) is headquartered – Manila
• 41.  POS -- Point of Scale
• 42.  VAT stands for -- Value Added Tax
• 43.  GST : Good and Service Tax.
• 44.  Who issue & regulate currency -- RBI
• 45.  NEFT full form -- National Electronic Fund Transfer.
• 46.  Full form of LLP – Limited Liability Partnership.
• 47.  Max limit for RTGS (Real Time Gross Settlement) - No limit.
• 48.  Which bank can accept deposit -- commercial bank
• 49.  Insurance services given by banks are called – Bancassurance.
• 50.  Bank are connected to all banking network -- Core Banking Solution.
• 51.  Financial inclusion is -- Banking facilities to all of them whom not has provided as yet.
• 52.  Who has maximum share in nationalized Bank -- Govt of India.
• 53.  Demat account use for -- for shares trading in electronic form.
• 54.  RTGS minimum threshold limit recently raised to – 2  lac
• 55.  Govt. sharehold in public sector banks cant be below –51%
• 56.  How many villages are to be covered in next 5yrs under Financial inclusion --73,000.
• 57.  NEFT system uses which codes -- IFS Codes.
• 58.  KYC procedure requires -- ID & address proof of the customer
• 59.  Self Help groups means -- Self-Help Groups are prime platform for social mobilization of women and creating awareness about legal and political rights.
• 60.  Reverse mortgage loan -- Finance given to senior citizens against residential houses/flats.
• 61.  Fastest inter bank transfer is by --  RTGS.
• 62.  ASBA -- Application Supported by Blocked Amount.
• 63.  SLR -- The minimum reserves each bank must hold to customer deposits and  notes.
• 64.  FINO -- Financial Inclusion Network and Operations.
• 65.  Deepak Mohanti committee is related to -- Base rate.
• 66.  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
• 67.  C.A.G. -- Comptroller and Auditor General
• 68.  Rights issue mean -- Sale of securities to existing share holders
• 69.  Secondary Market regulated by – SEBI
• 70.  Expand NOHC -- Non-Operative Holding Company
• 71.  World's largest bank by profit – ICBC (Insurance Corporation of British Columbia)
• 72.  CDSL means -- Central Depository Services Limited
• 73.  NSDL means -- National Securities Depository Limited
• 74.  ETF stands for -- Exchange Traded Fund
• 75.  Core banking means – Connectivity of branches, ATM and online systems of all branches.
• 76.  The Foreign Exchange Reserve of India are kept in the custody of -- Reserve Bank of India.
• 77.  Plastic money -- Credit Card, Debit Card
• 78.  PPP means : purchasing power parity.
• 79.  N.A.V.  – Net Assets Value.
• 80.  Controlling & regulate Share market : SEBI (Security Exchange Board of India).