tag:blogger.com,1999:blog-54641985329284963742024-03-07T01:32:46.724+05:30BANKING AWARENESSGENERAL AWARENESS WITH SPECIAL REFERENCE TO BANKING INDUSTRYAnonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.comBlogger315125tag:blogger.com,1999:blog-5464198532928496374.post-6341015536143642692016-03-09T12:29:00.001+05:302016-03-09T12:29:40.343+05:30BANKING AWARENESS PRACTICE MCQs FOR ALL BANK EXAMS 2016<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">1. What is the minimum capital requirement </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">for New Banks in the </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Private Sector?</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Rs. 200 crore</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) Rs. 300 crore</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Rs. 500 crore</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) Rs. 600 crore</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) None of these</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">2. Many times we read a term </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">"ECB" in financial newspapers. </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">What is the full form of ECB?</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Essential Commercial Borrowing</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) Essential Credit and Borrowing</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) External Credit and Business</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) External Commercial Borrowing</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) None of the above</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">3. Which among the following banks </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">has launched "Dhanchayat" an </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">educational film to raise awareness </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">on the dangers of borrowing </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">money from unorganised sources?</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Axis </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) ICICI</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) HDFC </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) SBI</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) YES</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">4. What is the maximum monthly </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">pension for the subscribers under </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Atal Pension Yojana?</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Rs 2000 </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) Rs 3000</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Rs 4000 </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) Rs 5000</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) None of these</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">5. If a company which is not a non </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">- banking financial company wants </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">to collect public deposits, it is </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">governed by ___ Act:</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) RBI Act 1934</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) Banking companies Act</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Companies Act 1956</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) Central Government</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) None of the above</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">6. Which among the following has </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">launched a Smart Humsafar Plan, </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">a unique plan which offers multiple </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">benefits of savings and insurance </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">cover for husband and </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">wife under a single policy?</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) ICICI Prudential</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) SBI Life </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) NIACL</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) LIC </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) HDFC ERGO</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">7. Which country launched world </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">first Facial recognition ATM?</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) China </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) Japan</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) US </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) Canada</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) Brazil</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">8. Which type of machine is used </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">by Business Correspondents?</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Micro ATMs </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) POS</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Biometric Card Reader</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) Solar empowered</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) Water resistant</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">9. Which among the following bank </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">has tied up with Chinese ecommerce </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">giant Alibaba to provide </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">easier trade finance to small </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">and medium enterprises (SMEs) </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">in the country?</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) HDFC Bank</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) SBI Bank</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Canara Bank</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) ICICI Bank </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) Axis Bank</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">10. In India, conventionally, bonds </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">are issued by institutions in ____ </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">sector while debentures by corporate </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">in ____ sector.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) private, public</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) public, private</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) either a or b</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) cooperative, NBFC</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) None of the above</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">11. What is the name of the platform </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">launched by State Bank of India </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">(SBI) that enables customers to </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">book their foreign exchange </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">transactions online?</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) SBI eforex</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) SBI emoney</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) SBI eonline</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) SBI eshare</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) SBI ebuddy</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">12. In CDR, "R" stands for ____.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Ratio </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) Receipt</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Regulation </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) Restructuring</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) Reserve</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">13. Which of the following is not a </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">function of General Insurance?</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Cattle Insurance</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) Crop Insurance</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Marine Insurance</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) Fire Insurance</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) None of the above</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">14. The Bank for International Settlements </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">(BIS) is the world's oldest </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">international financial organization </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">established on 17 May 1930. </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">The mission of the BIS is to serve </span><span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">central banks in their pursuit of </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">monetary and financial stability, </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">to foster international cooperation</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">in those areas and to act as a </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">bank for central banks. The head </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">office of BIS is located in ___.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Hong Kong </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) Switzerland</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c)China </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) Mexico</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) Australia</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">15. National Investment and Infrastructure </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Fund (NIIF) is a fund </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">created by the Government of </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">India for enhancing infrastructure </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">financing in the country. To be </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">operational by the year end, the </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">headquarter of NIIF will be </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">located in ____.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Mumbai </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) New Delhi</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Bengaluru </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) Chennai</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) Kolkata</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">16. Special Drawing Rights (SDRs) </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">are international foreign exchange </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">reserve assets issued by</span><br />
<span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">a) </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">World Bank </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) WTO</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) ADB </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) IMF</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) None of these</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">17. Which of the following types of </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">accounts are known as "Demat </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Accounts"?</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Zero Balance Accounts</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) Accounts which are opened to </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">facilitate repayment of a loan </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">taken from the bank. No other </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">business can be conducted </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">from there</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Accounts in which shares of </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">various companies are traded </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">in electronic form</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) Accounts which are operated </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">through internet banking </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">facility</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) None of the above</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">18. According to the Socio Economic </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">and Caste Census (SECC) </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">which among the following states </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">in India has highest per cent </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">of Urban BPL households?</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Bihar </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) Uttar Pradesh</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Manipur </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) Jharkhand</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) Sikkim</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">19. Payment of a cheque may be </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">countermanded by the ___</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Payee </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) Drawer</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) True owner </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) Drawee</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) None of these</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">20. Union Government has decided </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">to set up a Bank Board Bureau </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">(BBB) to monitor key performance </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">indicators of two dozen public </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">sector banks (PSBs). BBB will </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">start functioning from ___.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) 31st December 2015</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) 1st January 2016</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) 31st March 2016</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) 1st April 2016</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) 1st June 2016</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">21. Identify the well known person </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">related to Banking field in India </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">from the following?</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Mrs. Meira Kumar</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) Mrs. Kiran Shaw</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Mr. Arun Jaitley</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) Dr. D Subbarao</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) All of the above</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">22. A fixed deposit receipt is kept </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">with the bank for its safety, is </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">known as ___?</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Safe custody</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) Safe deposit</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Locker</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) Valid safe deposit</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) None of the above</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">23. Reserve Bank will issue ___bank </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">notes with 3 additional features </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">to aid the visually impaired in </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">identification.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Rs. 500 and Rs 1,000</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) Rs. 100 and Rs. 500</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Rs. 50 and Rs. 100</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) Rs. 10 and Rs. 100</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) None of these</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">24. Simply click a card launched by </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">SBI special for ____.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Cash Transfer</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) Online Shopping</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Pay Utility Bills</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) For Home Loans</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) None of these</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">25. Banking Companies are prohibited </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">under Sec 8 of banking Regulation </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Act to sell and purchase </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">securities. Yet Banks are selling </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">securities (of the customer) which </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">are under pledge as permitted by:</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Indian Contract Act</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) SARFAESI Act</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Government Notification</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) Banking Regulation Act</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) None of these</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">26. Hypothecation is:</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Atransaction of conditional sale</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) A legal transaction whereby </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">goods may be made available </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">as security for a debt</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Transfer of ownership by the </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">borrower to the lender</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) Either a or b</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) None of the above</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">27. Mortgage is a:</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Security on movable property </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">for a loan</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) Security on immovable property </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">for a loan</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Concession on immovable property</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) Facility on immovable property</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) Security on loan sanctioned </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">against fixed deposits</span><br />
<span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">28. What is the minimum amount to </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">be invested under Sukanya Samriddhi </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Scheme?</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Rs. 500 </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) Rs. 1000</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Rs. 1500 </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) No ceiling</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) Rs. 100</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">29. The Main activity of the Financial </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Intelligence Unit India (FIUIND) </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">is to control:</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Tax Evasion</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) Money Laundering</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Terrorism</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) Avoiding NPAs</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) Avoiding frauds in ATMs</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">30. The SARFAESI Act 2002 empowers </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Banks / Financial Institutions </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">to recover their non-performing </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">assets (bad loans) without </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">the intervention of the Court. In </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">"SARFAESI" second "S" stands </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">for ____.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Securitisation</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) Security </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Statutory</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) Share </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) Saving</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">31. The main function of an Asset </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Management Company is to:</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) hold the securities of various </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">schemes</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) manage the funds by making </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">investments in various types </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">of securities</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) hold its property for the benefit </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">of the unit holders</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) act on behalf of SEBI</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) All the above</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">32. Global Rating Agency Fitch has </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">downgraded Viability Rating </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">(VR) by one notch to 'bb' of which </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">among the following banks?</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Bank of Baroda</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) State Bank of India</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Punjab National Bank</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) Canara Bank</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) IDBI Bank</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">33. The Banking Codes and Standards </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Board of India was registered </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">on 18th February, 2006 under </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">which of the following RBI Act?</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Banking Regulation Act</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) The Societies Registration </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Act, 1860</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Cooperative Societies Act</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) None of the above</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) All the above</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">34. As per the Banking Ombudsman </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Scheme, any person can file a </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">complaint before the Banking </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">Ombudsman, if the satisfied </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">reply is not received from the </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">bank within a period of ____.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) one month </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) three months</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) two months </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) six months</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) None</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">35. CIBIL as a credit bureau caters to:</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Consumer segments</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) Commercial segments</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Both commercial and consumer </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">segments</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) Nationalized Banks only</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) Private Banks only</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">36. Infusion of liquidity, by RBI, is </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">done through _____ from / to </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">banks under a _____ transaction.</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) borrowing, repo</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) borrowing, reverse repo</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) lending, repo</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) lending, reverse repo</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) None of the above</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">37. Some banks are financing big </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">projects like construction of </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">roads, bridges etc. Financing </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">such projects means banks are </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">helping exactly in:</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Infrastructural Development</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) Project Management</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Developing core sector Industry</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) Financial Inclusion</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) All of the above</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">38. A rate of exchange established </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">between any two currencies on </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">the basis of the respective quotation </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">of each currency in terms </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">of a third currency is known as:</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">a) Cross rate </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">b) Merchant rate</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">c) Wash rate </span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">d) Composite rate</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">e) None of the above</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;"><br /></span>
<span style="color: magenta; font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-size: large;"><b>ANSWERS:</b></span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">1) c; 2) d; 3) c; 4) d; 5) c; </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">6) b; 7) a; 8) c; 9) d; 10) b;</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">11) a; 12) d; 13) e; 14) b; 15) a; </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">16) d; 17) c; 18) c; 19) b; 20) d;</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">21) d; 22) a; 23) a; 24) b; 25) d; </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">26) b; 27) b; 28) b; 29) b; 30) b;</span><br />
<span style="font-family: Helvetica Neue, Arial, Helvetica, sans-serif;">31) b; 32) c; 33) b; 34) a; 35) c; </span><span style="font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif;">36) c; 37) a; 38) a.</span></div>
Anonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.com0tag:blogger.com,1999:blog-5464198532928496374.post-53784556209450329582016-03-07T10:11:00.001+05:302016-03-07T10:11:58.636+05:30UNION BUDGET HIGHLIGHTS 2016-17<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="background-color: #ffe599;"><b><span style="color: #cc0000; font-family: Arial, Helvetica, sans-serif;">Tax</span></b></span></div>
<ul style="background-color: white; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 25.2px; margin: 0px 0px 10px 25px; padding: 0px;">
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Infrastructure and agriculture cess to be levied.<a href="https://www.blogger.com/null" name="more"></a></span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Excise duty raised from 10 to 15 per cent on tobacco products other than beedis</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">1 per cent service charge on purchase of luxury cars over Rs. 10 lakh and in-cash purchase of goods and services over Rs. 2 lakh.</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">0.5 per cent Krishi Kalyan Cess to be levied on all services.</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Pollution cess of 1 per cent on small petrol, LPG and CNG cars; 2.5 per cent on diesel cars of certain specifications; 4 per cent on higher-end models.</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Dividend in excess of Rs. 10 lakh per annum to be taxed at additional 10 per cent.</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">SUVs, Luxury cars to be more expensive. 4% high capacity tax for SUVs.</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Companies with revenue less than Rs 5 crore to be taxed at 29% plus surcharge</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Limited tax compliance window from Jun 1 – Sep 30 for declaring undisclosed income at 45% incl. surcharge and penalties</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Excise 1 per cent imposed on articles of jewellery, excluding silver.</span></li>
</ul>
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<span style="background-color: #ffe599;"><b><span style="color: #cc0000; font-family: Arial, Helvetica, sans-serif;">Social</span></b></span></div>
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<b><span style="color: #cc0000; font-family: Arial, Helvetica, sans-serif;"></span></b></div>
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<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Rs. 38,500 crore for Mahtma Gandhi MGNREGA for 2016-17</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Swacch Bharat Abhiyan allocated Rs.9,500 crores.</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Hub to support SC/ST entrpreneurs</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Government is launching a new initiative to provide cooking gas to BPL families with state support.</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">LPG connections to be provided under the name of women members of family: Rs 2000 crore allocated for 5 years for BPL families.</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">2.87 lakh crore grants to gram panchayats and municipalities – a quantum jump of 228%.</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">300 urban clusters to be set up under Shyama Prasad Mukherji Rurban Mission</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Four schemes for animal welfare.</span></li>
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<span style="background-color: #ffe599;"><strong><span style="color: #cc0000; font-family: Arial, Helvetica, sans-serif;">Education, Skills and Job Creation</span></strong></span></div>
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<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="color: black;"><span style="font-family: Arial, Helvetica, sans-serif;">62 new Navodaya Vidyalayas will be opened</span></span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="color: black;"><span style="font-family: Arial, Helvetica, sans-serif;">Sarva Shiksha Abhiyan to increasing focus on quality of education</span></span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="color: black;"><span style="font-family: Arial, Helvetica, sans-serif;">Regulatory architecture to be provided to ten public and ten private institutions to emerge as world-class Teaching and Research Institutions</span></span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="color: black;"><span style="font-family: Arial, Helvetica, sans-serif;">Higher Education Financing Agency to be set-up with initial capital base of ` 1000 Crores</span></span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="color: blue;"><span style="color: black;"><span style="font-family: Arial, Helvetica, sans-serif;">Digital Depository for School Leaving Certificates, College Degrees, Academic Awards and Mark sheets to be set-up.</span></span></span></li>
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<span style="background-color: #ffe599;"><strong><span style="color: #cc0000; font-family: Arial, Helvetica, sans-serif;">Financial Sector Reforms</span></strong></span></div>
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<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="color: black;"><span style="font-family: Arial, Helvetica, sans-serif;">A comprehensive Code on Resolution of Financial Firms to be introduced.</span></span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="color: black;"><span style="font-family: Arial, Helvetica, sans-serif;">Statutory basis for a Monetary Policy framework and a Monetary Policy Committee through the Finance Bill 2016.</span></span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="color: black;"><span style="font-family: Arial, Helvetica, sans-serif;">A Financial DataManagement Centre to be set up.</span></span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="color: black;"><span style="font-family: Arial, Helvetica, sans-serif;">RBI to facilitate retail participation in Government securities.</span></span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="color: black;"><span style="font-family: Arial, Helvetica, sans-serif;">New derivative products will be developed by SEBI in the Commodity Derivatives market.</span></span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="color: black;"><span style="font-family: Arial, Helvetica, sans-serif;">Amendments in the SARFAESI Act 2002 to enable the sponsor of an ARC to hold up to 100% stake in the ARC and permit non institutional investors to invest in Securitization Receipts.</span></span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="color: black;"><span style="font-family: Arial, Helvetica, sans-serif;">Comprehensive Central Legislation to be bought to deal with the menace ofillicit deposit taking schemes.</span></span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="color: black;"><span style="font-family: Arial, Helvetica, sans-serif;">Increasing members and benches of the Securities Appellate Tribunal.</span></span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="color: black;"><span style="font-family: Arial, Helvetica, sans-serif;">Allocation of ` 25,000 crore towards recapitalisation of Public Sector Banks.</span></span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="color: black;"><span style="font-family: Arial, Helvetica, sans-serif;">Target of amount sanctioned under <em>Pradhan Mantri Mudra Yojana</em> increased to ` 1,80,000 crore.</span></span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="color: black;"><span style="font-family: Arial, Helvetica, sans-serif;">General Insurance Companies owned by the Government to be listed in the stock exchanges.</span></span></li>
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<span style="background-color: #ffe599;"><b><span style="color: #cc0000; font-family: Arial, Helvetica, sans-serif;">Health</span></b></span></div>
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<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="font-family: Arial, Helvetica, sans-serif;">2.2 lakh renal patients added every year in India. Basic dialysis equipment gets some relief.</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="font-family: Arial, Helvetica, sans-serif;">A new health protection scheme for health cover upto 1 lakh per family.</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="font-family: Arial, Helvetica, sans-serif;">PM Jan Aushadhi Yojana to be strengthened, 300 generic drug store to be opened National Dialysis Service Prog with funds thru PPP mode to provide dialysis at all district hospitals.</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="line-height: 1.5;"><span style="font-family: Arial, Helvetica, sans-serif;">Senior citizens will get additional healthcare cover of Rs 30,000 under the new scheme</span></span></li>
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<span style="background-color: #ffe599;"><b><span style="color: #cc0000; font-family: Arial, Helvetica, sans-serif;">Energy</span></b></span></div>
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<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="font-family: Arial, Helvetica, sans-serif;">Rs. 3000 crore earmarked for nuclear power generation</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="font-family: Arial, Helvetica, sans-serif;">Govt drawing comprehensive plan to be implemented in next 15-20 years for exploiting nuclear energy</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="font-family: Arial, Helvetica, sans-serif;">Govt to provide incentive for deepwater gas exploration</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="font-family: Arial, Helvetica, sans-serif;">Deepwater gas new disc to get calibrated market freedom, pre-determined ceiling price based on landed price of alternate fuels.</span></li>
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<span style="background-color: #ffe599;"><strong><span style="color: #cc0000; font-family: Arial, Helvetica, sans-serif;">Agriculture</span></strong></span></div>
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<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="font-family: Arial, Helvetica, sans-serif;">Total allocation for agriculture and farmer welfare at Rs 35984 crores</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="font-family: Arial, Helvetica, sans-serif;">28.5 lakh heactares of land wil be brought under irrigation.</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="font-family: Arial, Helvetica, sans-serif;">5 lakh acres to be brought under organic farming over a three year period</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="font-family: Arial, Helvetica, sans-serif;">Rs 60,000 crore for recharging of ground water recharging as there is urgent need to focus on drought hit areas cluster development for water conservation.</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="font-family: Arial, Helvetica, sans-serif;">Dedicated irrigation fund in NABARD of Rs.20.000 cr</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="font-family: Arial, Helvetica, sans-serif;">Nominal premium and highest ever compensation in case of crop loss under the PM Fasal Bima Yojna.</span></li>
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<span style="background-color: #ffe599;"><b><span style="color: #cc0000; font-family: Arial, Helvetica, sans-serif;">Banking</span></b></span></div>
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<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Banks get a big boost: Rs 25,000 crore towards recapitalisation of public sector banks. Jaitley says: Banking Board Bureau will be operationalised, we stand solidly behind public sector banks.</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Target of disbursement under MUDRA increased to 1,80,000 crore</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Process of transfer of government stake in IDBI Bank below 50% started</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">General Insurance companies will be listed in the stock exchange</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Govt to increase ATMs, micro-ATMs in post offices in next three years</span></li>
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<span style="background-color: #ffe599;"><b><span style="color: #cc0000; font-family: Arial, Helvetica, sans-serif;">Investments and infrastructure</span></b></span></div>
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<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Rs. 27,000 crore to be spent on roadways</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">65 eligible habitats to be connected via 2.23 lakh kms of road. Current construction pace is 100 kms/day</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Shops to be given option to remain open all seven days in a week across markets.</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Rs. 55,000 crore for roads and highways. Total allocation for road construction, including PMGSY, – Rs 97,000 crore</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">India’s highest-ever production of motor vehicles was recorded in 2015</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Total outlay for infrastructure in Budget 2016 now stands at Rs. 2,21,246 crore</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">100 per cent FDI in marketing of food products produced and marketed in India</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Dept. of Disinvestment to be renamed as Dept. of Investment and Public Asset Management</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Govt will amend Motor Vehicle Act in passenger vehicle segment to allow innovation.</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">MAT will be applicable for startups that qualify for 100 per cent tax exemption</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Direct tax proposals result in revenue loss of Rs.1060 crore, indirect tax proposals result in gain of Rs.20,670 crore</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">New greenfield ports to be developed on east and west coasts</span></li>
<li class="body" style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Revival of undeserved airports. Centre to Partner with States to revive small airports for regional connectivity</span></li>
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<span style="background-color: #ffe599;"><b><span style="color: #cc0000; font-family: Arial, Helvetica, sans-serif;">Roadmap & Priorities</span></b></span></div>
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<b><span style="color: #cc0000; font-family: Arial, Helvetica, sans-serif;"></span></b></div>
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<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="font-family: Arial, Helvetica, sans-serif;">‘Transform India’ to have a significant impact on economy and lives of people.</span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="font-family: Arial, Helvetica, sans-serif;">Focus on enhancing expenditure in priority areas of – farm and rural sector, social sector, infrastructure sector employment generation and recapitalisation of the banks.</span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px;"><span style="font-family: Arial, Helvetica, sans-serif;">Continue with the ongoing reform programme and ensure passage of the Goods and Service Tax bill and Insolvency and Bankruptcy law.</span></li>
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<span style="background-color: #ffe599;"><strong><span style="color: #cc0000; font-family: Arial, Helvetica, sans-serif;">Rural Sector</span></strong></span></div>
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<strong><span style="color: #cc0000; font-family: Arial, Helvetica, sans-serif;"></span></strong></div>
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<ul style="background-color: white; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 25.2px; margin: 0px 0px 10px 25px; padding: 0px;">
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Allocation for rural sector – ` 87,765 crore.</span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">2.87 lakh crore will be given as Grant in Aid to Gram Panchayats and Municipalities as per the recommendations of the 14<span style="font-size: 10.5px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">th</span> Finance Commission</span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Every block under drought and rural distress will be taken up as an intensive Block under the <em>Deen Dayal Antyodaya</em> Mission</span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">A sum of ` 38,500 crore allocated for MGNREGS.</span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">300 Rurban Clusters will be developed under the Shyama Prasad Mukherjee Rurban Mission</span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">A new Digital Literacy Mission Scheme for rural India to cover around 6 crore additional household within the next 3 years.</span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">National Land Record Modernisation Programme has been revamped.</span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">New scheme <em>Rashtriya Gram Swaraj Abhiyan</em> proposed with allocation of ` 655 crore</span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">100% village electrification by 1<span style="font-size: 10.5px; line-height: 0; position: relative; top: -0.5em; vertical-align: baseline;">st</span> May, 2018.</span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">District Level Committees under Chairmanship of senior most Lok Sabha MP from the district for monitoring and implementation of designated Central Sector and Centrally Sponsored Schemes.</span></li>
<li style="line-height: 20px; margin: 0px 0px 0.75em; padding: 0px; text-align: justify;"><span style="font-family: Arial, Helvetica, sans-serif;">Priority allocation from Centrally Sponsored Schemes to be made to reward villages that have become free from open defecation.</span></li>
</ul>
</div>
Anonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.com0tag:blogger.com,1999:blog-5464198532928496374.post-38037769749726947772016-01-16T15:48:00.001+05:302016-01-16T15:48:03.585+05:30Top Scheme And Programme Launched By Narendra Modi Government<div dir="ltr" style="text-align: left;" trbidi="on">
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<table style="border-collapse: collapse; border-spacing: 0px; border: 1px solid rgb(224, 222, 222); box-shadow: rgba(0, 0, 0, 0.0784314) 0px 1px 3px, rgba(255, 255, 255, 0.498039) 0px 0px 0px 1px inset; box-sizing: border-box; font-family: 'PT Sans Caption', Arial, Helvetica, sans-serif; max-width: 100%; width: 100%px;"><thead style="box-sizing: border-box;">
<tr style="box-sizing: border-box;"><th style="background: rgb(246, 246, 246); border: 1px solid rgb(224, 222, 222); box-sizing: border-box; font-family: MuseoSlab500Regular, arial, helvetica, sans-serif; font-weight: 400; padding: 20px;">SN</th><th style="background: rgb(246, 246, 246); border: 1px solid rgb(224, 222, 222); box-sizing: border-box; font-family: MuseoSlab500Regular, arial, helvetica, sans-serif; font-weight: 400; padding: 20px;">Govt Scheme</th><th style="background: rgb(246, 246, 246); border: 1px solid rgb(224, 222, 222); box-sizing: border-box; font-family: MuseoSlab500Regular, arial, helvetica, sans-serif; font-weight: 400; padding: 20px;">Details</th></tr>
</thead><tbody style="box-sizing: border-box;">
<tr style="box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">1</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Make in India</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;">It was Launched on 25th September 2014<img alt="Make In India.png" class="alignright" height="76" pagespeed_url_hash="2076954640" src="https://upload.wikimedia.org/wikipedia/en/thumb/4/46/Make_In_India.png/220px-Make_In_India.png" style="border-style: none; box-sizing: border-box; display: inline; float: right; height: auto; margin-left: 15px; max-width: 100%; vertical-align: top;" width="167" /></li>
<li style="box-sizing: border-box;">To make India a manufacturing hub.</li>
<li style="box-sizing: border-box;">Make in India is an initiative of the Government of India to encourage multinational, as well as domestic, companies to manufacture their products in India.</li>
<li style="box-sizing: border-box;">The major objective behind the initiative is to focus on job creation and skill enhancement in twenty-five sectors of the economy</li>
</ul>
</td></tr>
<tr style="background: rgb(246, 246, 246); box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">2</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Digital India</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;">Launched on 1st July 2015</li>
<li style="box-sizing: border-box;">To transform India’s economy<img alt="Prime Minister Narendra Modi at the stage for Digital India Dinner.jpg" class="alignright" height="83" pagespeed_url_hash="3707694080" src="https://upload.wikimedia.org/wikipedia/commons/thumb/a/ac/Prime_Minister_Narendra_Modi_at_the_stage_for_Digital_India_Dinner.jpg/220px-Prime_Minister_Narendra_Modi_at_the_stage_for_Digital_India_Dinner.jpg" style="border-style: none; box-sizing: border-box; display: inline; float: right; height: auto; margin-left: 15px; max-width: 100%; vertical-align: top;" width="153" /></li>
<li style="box-sizing: border-box;">Digital India has three core components.</li>
</ul>
<div style="box-sizing: border-box; margin-bottom: 20px;">
<strong style="box-sizing: border-box;">These include:</strong></div>
<ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;">The creation of digital infrastructure</li>
<li style="box-sizing: border-box;">Delivering services digitally</li>
<li style="box-sizing: border-box;">Digital literacy</li>
</ul>
</td></tr>
<tr style="box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">3</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Skill India</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;"> Launched on 15th July 2015)</li>
<li style="box-sizing: border-box;">To create jobs for youth of the Country</li>
<li style="box-sizing: border-box;">Skill Development in Youth</li>
<li style="box-sizing: border-box;">Making Skill available to All Youth of India</li>
</ul>
</td></tr>
<tr style="background: rgb(246, 246, 246); box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">4</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Smart Cities</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;">Launched on 29th April 2015</li>
<li style="box-sizing: border-box;">In first Government of india Will Develop 100 Smart cities in India</li>
<li style="box-sizing: border-box;">Under this Scheme Cities from all States Are Selected</li>
</ul>
</td></tr>
<tr style="box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">5</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Unearthen Black Money</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;"> Bill Passed on 14th May 2015</li>
<li style="box-sizing: border-box;">Disclosing Black Money</li>
<li style="box-sizing: border-box;">Punishment for The Black Money holders</li>
</ul>
</td></tr>
<tr style="background: rgb(246, 246, 246); box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">6</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Namami Gange</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;"> Namami Gange Project or Namami Ganga Yojana is an ambitious Union Government Project which integrates the efforts to clean and protect the Ganga river in a comprehensive manner.</li>
<li style="box-sizing: border-box;">It its maiden budget, the government announced Rs. 2037 Crore towards this mission.</li>
<li style="box-sizing: border-box;">The project is officially known as Integrated Ganga Conservation Mission project or ‘Namami Ganga Yojana’.</li>
<li style="box-sizing: border-box;">This project aims at Ganga Rejuvenation by combining the existing ongoing efforts and planning under it to create a concrete action plan for future.</li>
</ul>
</td></tr>
<tr style="box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">7</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Swachh Bharat Abhiyan</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;">Launched on 2nd October 2014)</li>
<li style="box-sizing: border-box;">To have clean India by 2nd October 2019<img alt="Swachh Bharat Abhiyan logo.jpg" class="alignright" height="69" pagespeed_url_hash="3052140547" src="https://upload.wikimedia.org/wikipedia/en/thumb/d/d7/Swachh_Bharat_Abhiyan_logo.jpg/220px-Swachh_Bharat_Abhiyan_logo.jpg" style="border-style: none; box-sizing: border-box; display: inline; float: right; height: auto; margin-left: 15px; max-width: 100%; vertical-align: top;" width="177" /></li>
<li style="box-sizing: border-box;">Eliminate open defecation by constructing toilets for households, communities</li>
<li style="box-sizing: border-box;">Eradicate manual scavenging</li>
<li style="box-sizing: border-box;">Introduce modern and scientific municipal solid waste management practices</li>
<li style="box-sizing: border-box;">Enable private sector participation in the sanitation sector</li>
<li style="box-sizing: border-box;">Change people’s attitudes to sanitation and create awareness</li>
</ul>
</td></tr>
<tr style="background: rgb(246, 246, 246); box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">8</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Swadesh Darshan</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;"> Integrated Development of Theme Based Buddhist tourist circuit</li>
</ul>
</td></tr>
<tr style="box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">9</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Sukanya Samridhi Account</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;"> Launched on 22nd January 2015</li>
<li style="box-sizing: border-box;">The scheme was launched by Prime Minister Narendra Modi on 22 January 2015 as a part of the Beti Bachao, Beti Padhao campaign.</li>
<li style="box-sizing: border-box;">The scheme currently provides an interest rate of 9.2% and tax benefits.</li>
<li style="box-sizing: border-box;">The account can be opened at any India Post office or a branch of some authorised commercial banks</li>
</ul>
</td></tr>
<tr style="background: rgb(246, 246, 246); box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">10</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Bal swachh mission</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;"> Launched on 14th November 2014)</li>
<li style="box-sizing: border-box;">Awareness about the cleanliness of <span class="IL_AD" id="IL_AD12" style="box-sizing: border-box;">the children</span></li>
</ul>
</td></tr>
<tr style="box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">11</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Pradhan Mantri Jan Dhan Yojana</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;">Launched on 28th August 2014 )</li>
<li style="box-sizing: border-box;">To give financial services to weaker section of society.</li>
</ul>
</td></tr>
<tr style="background: rgb(246, 246, 246); box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">12</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Pradhan Mantri Suraksha Bima Yojana</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;"> Launched on 9th May 2015</li>
<li style="box-sizing: border-box;"><strong style="box-sizing: border-box;">Eligibility</strong>: Available to people in age group 18 to 70 years with bank account.</li>
<li style="box-sizing: border-box;"><strong style="box-sizing: border-box;">Premium:</strong> Rs.12 per annum.</li>
<li style="box-sizing: border-box;"><strong style="box-sizing: border-box;">Payment Mode:</strong> The premium will be directly auto-debited by the bank from the subscribers account. This is the only mode available.</li>
<li style="box-sizing: border-box;"><strong style="box-sizing: border-box;">Risk Coverage: </strong>For accidental death and full disability – Rs.2 Lakh and for partial disability – Rs.1 Lakh.</li>
<li style="box-sizing: border-box;"><strong style="box-sizing: border-box;">Eligibility:</strong> Any person having a bank account and Aadhaar number linked to the bank account can give a simple form to the bank every year before 1<sup style="box-sizing: border-box;">st</sup> of June in order to join the scheme. Name of nominee to be given in the form.</li>
</ul>
</td></tr>
<tr style="box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">13</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Beti Bachao Beti Padhao Yojana</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;"> (Launched on 22nd January 2015)-To generate awareness of welfare service meants for girl child and women.</li>
</ul>
</td></tr>
<tr style="background: rgb(246, 246, 246); box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">14</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Atal Pension Scheme</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;">(Launched on 9th May 2015)-for unorganised sector ‘s workers</li>
</ul>
</td></tr>
<tr style="box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">15</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
HRIDAY (<span class="IL_AD" id="IL_AD5" style="box-sizing: border-box;">National Heritage</span> City Development and Augmentation Yojana) scheme</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;">(Launched on 21st January 2015)-To develop heritage cities.</li>
</ul>
</td></tr>
<tr style="background: rgb(246, 246, 246); box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">16</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Pradhan Mantri Jeevan Jyoti Bima Yojana</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;"> (Launched on 9th May 2015)-Life insurance scheme by Government</li>
</ul>
</td></tr>
<tr style="box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">17</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
MUDRA Bank Yojana</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;">(Launched on 8th April 2015) to provide up to 10 lakh to small entrepreneur.</li>
</ul>
</td></tr>
<tr style="background: rgb(246, 246, 246); box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">18</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Krishi Amani Bima Yojana</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;">Scheme for <span class="IL_AD" id="IL_AD3" style="box-sizing: border-box;">farmer</span></li>
</ul>
</td></tr>
<tr style="box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">19</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Pradhan Mantri Gram Sinchai Yojana</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;">To provide water to all field in the Country.</li>
</ul>
</td></tr>
<tr style="background: rgb(246, 246, 246); box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">20</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Pradhan Mantri Sansad Adarsh Gram Yojana</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;">(Launched on 11th October 2014)-Each MP to develop three villages by 2019.</li>
</ul>
</td></tr>
<tr style="box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">21</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Deen Dayal Upadhyaya Grameen Kaushalya Yojana</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;">(Launched on 25th September 2014)- To provide <span class="IL_AD" id="IL_AD2" style="box-sizing: border-box;">employment</span>to youth residing in <span class="IL_AD" id="IL_AD10" style="box-sizing: border-box;">rural area</span>.</li>
</ul>
</td></tr>
<tr style="background: rgb(246, 246, 246); box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">22</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Deendayal Upadhyaya Gram Jyoti Yojana</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;">To provide power(electricity) to rural area of the country.</li>
</ul>
</td></tr>
<tr style="box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">23</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Mahatma Gandhi Pravasi Suraksha Yojana</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;"> Mahatma Gandhi Pravasi Suraksha Yojana is a special social security scheme which includes Pension and Life Insurance, introduced by Ministry of Overseas Indian Affairs for the overseas Indian workers in possession of Emigration Check Required (ECR) passports.</li>
<li style="box-sizing: border-box;">It is a voluntary scheme designed to help workers to meet their three financial needs: saving for retirement, saving for their return and resettlement, and providing free life insurance offering coverage for death from natural causes.</li>
</ul>
</td></tr>
<tr style="background: rgb(246, 246, 246); box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">24</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Indradanush Scheme</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;">(Launched on 25th December 2014)</li>
</ul>
</td></tr>
<tr style="box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">25</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Soil Health Card Scheme</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;"> Soil Health Card Scheme is a scheme launched by the Government of India in February 2015.</li>
<li style="box-sizing: border-box;">Under the scheme, the government plans to issue soil cards to farmers which will carry crop-wise recommendations of nutrients and fertilisers required for the individual farms to help farmers to improve productivity through judicious use of inputs.<img alt="Prime Minister Narendra Modi launching the Soil Health Card scheme in Suratgarh, Rajasthan.jpg" class="alignright" height="78" pagespeed_url_hash="1121258998" src="https://upload.wikimedia.org/wikipedia/commons/thumb/9/99/Prime_Minister_Narendra_Modi_launching_the_Soil_Health_Card_scheme_in_Suratgarh%2C_Rajasthan.jpg/220px-Prime_Minister_Narendra_Modi_launching_the_Soil_Health_Card_scheme_in_Suratgarh%2C_Rajasthan.jpg" style="border-style: none; box-sizing: border-box; display: inline; float: right; height: auto; margin-left: 15px; max-width: 100%; vertical-align: top;" width="117" /></li>
<li style="box-sizing: border-box;">All soil samples are to be tested in various soil testing labs across the country.</li>
<li style="box-sizing: border-box;">Thereafter the experts will analyse the strength and weaknesses (micro-nutrients deficiency) of the soil and suggest measures to deal with it.</li>
<li style="box-sizing: border-box;">The result and suggestion will be displayed in the cards.</li>
<li style="box-sizing: border-box;">The government plans to issue the cards to 14 crore farmers</li>
</ul>
</td></tr>
<tr style="background: rgb(246, 246, 246); box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">26</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Rani Laxmi Bai Pension scheme</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;">For victims of Muzazafar nagar riot.</li>
</ul>
</td></tr>
<tr style="box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">27</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Udaan Scheme</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;">To provide skill to youth of India.</li>
</ul>
</td></tr>
<tr style="background: rgb(246, 246, 246); box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">28</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Shyama Prasad Mukherji Rurban Mission</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;"> The Mission aims at development of rural growth clusters which have latent potential for growth, in all States and UTs, which would trigger overall development in the region.</li>
<li style="box-sizing: border-box;">These clusters would be developed by provisioning of economic activities, developing skills & local entrepreneurship and providing infrastructure amenities.</li>
<li style="box-sizing: border-box;">The Rurban Mission will thus develop a cluster of Smart Villages.</li>
</ul>
</td></tr>
<tr style="box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">29</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Pandit Deendayal Upadhyay Shramev Jayate Karyakram</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;">(Launched on 16th October 2014)</li>
</ul>
</td></tr>
<tr style="background: rgb(246, 246, 246); box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">30</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Kisan Vikas <span class="IL_AD" id="IL_AD7" style="box-sizing: border-box;">Patra</span></h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;"> (Relaunched in 2014) – Saving certificate Scheme</li>
</ul>
</td></tr>
<tr style="box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">31</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
AMRUT</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;">Atal Mission for <span class="IL_AD" id="IL_AD9" style="box-sizing: border-box;">Rejuvenation</span> and Urban Development (earlier name JNNURM)</li>
</ul>
</td></tr>
<tr style="background: rgb(246, 246, 246); box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">32</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
PRASAD</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;">Pilgrimage Rejuvenation and <span class="IL_AD" id="IL_AD11" style="box-sizing: border-box;">Spiritual </span>Augmentation-To improve the infrastructure at pilgrimage places.</li>
</ul>
</td></tr>
<tr style="box-sizing: border-box;"><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;">33</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><h2 style="box-sizing: border-box; color: #333333; font-family: Roboto, Arial, Helvetica, sans-serif; font-size: 22px; font-weight: 400; line-height: 27px; margin: 0em 0px 0.7em; padding-bottom: 0px;">
Pradhan Mantri Fasal Bima Yojana</h2>
</td><td style="border: 1px solid rgb(224, 222, 222); box-sizing: border-box; padding: 10px 20px;"><ul style="box-sizing: border-box;">
<li style="box-sizing: border-box;"> The Union Cabinet has approved Pradhan Mantri Fasal Bima Yojana</li>
<li style="box-sizing: border-box;">It is a new crop insurance scheme to boost farming sector in the country.</li>
<li style="box-sizing: border-box;">It is farmers’ welfare scheme</li>
<li style="box-sizing: border-box;">The Scheme aims to reduce the premium burden on farmers and ensure early settlement of crop Insurance claim for the full insured sum.<em style="box-sizing: border-box;">We Will cover this Scheme In details in Separate Article </em></li>
</ul>
</td></tr>
</tbody></table>
</div>
Anonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.com0tag:blogger.com,1999:blog-5464198532928496374.post-86711827772931853382016-01-15T12:08:00.002+05:302016-01-15T12:08:38.386+05:30Banking Terms<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="background-color: white; border: 0px; color: #444444; font-family: Montserrat, sans-serif; font-size: 14px; font-stretch: inherit; line-height: 22.4px; margin: 0px; padding: 0px; text-align: justify; vertical-align: baseline;">
<span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; transition: color 0.2s; vertical-align: baseline;">SELF HELP GROUP</span></div>
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Self help group is a small volunteer association of poor people preferably from the same socio Economic background. They come together for the purpose of solving their common problems through self help and mutual help. The self help group promotes small saving among the members. The savings are kept with the Bank. This common fund is in the name of SHG. Usually the number of members in one SHG doesn’t exceed 20. The NABARD and NGOs the promoters of this group.</div>
<div style="background-color: white; border: 0px; color: #444444; font-family: Montserrat, sans-serif; font-size: 14px; font-stretch: inherit; line-height: 22.4px; margin: 0px; padding: 0px; text-align: justify; vertical-align: baseline;">
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<span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; transition: color 0.2s; vertical-align: baseline;">KISAN CREDIT CARD</span></div>
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Provision timely and adequate credit has one of the major challenges for Banks in India in dispension of agriculture and rural credit to the farmers in order to achieve the AIM. KCC are now a new concept in the field of agriculture banking in India. The KCC scheme was started by the GOI in conciliation with the RBI and NABARD in 1998-99. The eligibility criteria for KCC is the borrower must be with a good track record of the 2 years would be the prime customer and a farmer who has the operational land holding certificate from the PATWARI. The maximum amount of KCC is up to Rs. 10000 and each withdrawal to be paid within 12 months and KCC is valid for 3 years subject to annual renewal. All branches engaged in agriculture banking could issue KCC. In very special conditions Bank can provide up to Rs. 25000 loan and the interest rate on KCC is 11%.</div>
<div style="background-color: white; border: 0px; color: #444444; font-family: Montserrat, sans-serif; font-size: 14px; font-stretch: inherit; line-height: 22.4px; margin: 0px; padding: 0px; text-align: justify; vertical-align: baseline;">
<br style="margin: 0px; padding: 0px;" /></div>
<div style="background-color: white; border: 0px; color: #444444; font-family: Montserrat, sans-serif; font-size: 14px; font-stretch: inherit; line-height: 22.4px; margin: 0px; padding: 0px; text-align: justify; vertical-align: baseline;">
<span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; transition: color 0.2s; vertical-align: baseline;">KISAN GOLD CARD</span></div>
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This is hassle free term loan card that enable to avail loan for agricultural implements, land development, repair of farm machinery and consumption need farmers have the choice in regard to amount, time and purpose. The amount of loan is 5 times the annual form income with the maximum limit of Rs. 5 Lakhs. For the consumption purpose is should not exceed 20% of the limit.</div>
<div style="background-color: white; border: 0px; color: #444444; font-family: Montserrat, sans-serif; font-size: 14px; font-stretch: inherit; line-height: 22.4px; margin: 0px; padding: 0px; text-align: justify; vertical-align: baseline;">
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<span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; transition: color 0.2s; vertical-align: baseline;">MICROCREDIT OR MICROFINANCE</span></div>
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Micro credit is the extension of very small loans to the unemployed to poor Endeavour and to others living in poverty who are not considered bankable. These individuals lack collateral steady employment and variable credit history and therefore cannot meet even the most minimal qualification to gain excess to traditional credit.</div>
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Microcredit is a part of microfinance which is the provision of the wider range of the financial services to the very poor. Microcredit is the financial innovation which originated in Bangladesh where it has successfully enabled to extremely impoverish people to engage itself employment project. The founder of this microcredit is Prof. Mohammad Yunus in mid 1970s. He is also the founder of grami8n bank of Bangladesh with which Mr. Yunus has received the Noble Peace Price 2006 and to pay respect towards microcredit the united nation organization has declared year 2005 “The International Year of Microcredit.”</div>
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<div style="background-color: white; border: 0px; color: #444444; font-family: Montserrat, sans-serif; font-size: 14px; font-stretch: inherit; line-height: 22.4px; margin: 0px; padding: 0px; text-align: justify; vertical-align: baseline;">
<span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; transition: color 0.2s; vertical-align: baseline;">MUTUAL FUND</span></div>
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A Mutual Fund is the professionally manage firm of collective investments that pools money from many investors in stock market, bonds, short term, money market instruments and in other securities. In mutual fund is a fund manager who is also called Portfolio manager trades the fund underlined Securities. The value of the share of mutual fund is called the net asset value which is calculated daily wage on a total value divided be a number of shares, issued and outstanding there are two types of Mutual Fund. • Open Ended Mutual Fund</div>
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• Closed Ended Mutual Fund</div>
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A market where the trading of precious metals held like: Gold, Silver, Diamond, Platinum and Crystal.</div>
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A stock market is a private or public market for trading of company, stock and derivatives of company stock at an agreed price. Both of these are securities listed on stock exchange as well as those only traded privately.</div>
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Bull is an investor who thinks the market a specific security or an industry will raise. Bulls are the optimistic investors presently predicting good things of the market and bullish is a habit to purchase that share which is in profit they are responsible to Rose in stock exchanges.</div>
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It is an investor who believes that a particular security or market is headed downward. Bears attempt to profit from a decline in prices. A Bear is generally pessimistic about the state of the given market.</div>
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A Stag is an investor or speculator who subscribes to a new issue with the intention of selling them soon after allotment to realize for quick profit.</div>
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An ADR represents an ownership in the share on Owner Company trading in US trading in US financial market. ADR enable US investors to buy share in foreign companies without undertaking cross border transaction. ADR’s carry prices in US Dollars and can be traded as share of US based company.</div>
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GDR is a bank certificate issued in more than one country for shares in a foreign company. These shares are held by a foreign branch of an International bank. These shares are trades as domestic shares but are offered for sale globally through the various bank branches. A GDR is a very similar to an American Depository Receipt.</div>
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This is the depth instrument credit be IMF in 1969 to provide the assistance and loan to their member countries. The value of the SDR was initially defined as equivalent to 0.8888671 gram of fine gold which was at that time equivalent to 1 US$.</div>
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Money Market is the global financial market for short term borrowings and lendings. It provides short term liquid funding for global financial system. In Money Market short term obligations such as treasury bills, commercial papers and Banker’s acceptance are bought and sold. The Money Market instruments are bank drafts, time deposits, time deposits, short term loans, promissory notes, ADR, GDR, Municipal notes, treasury bills and mutual funds.</div>
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The Capital Market is the market for securities where companies and government can raise long term fund. The Capital Market includes the stock market and the Bond Market.</div>
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Cal Money Market is the market in which broker and dealers borrow money to satisfy their credit needs either to finance their own inventory or to cover their customer margin Accounts.</div>
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ICOR is the Ratio of investment to growth which equals to one, divided by the marginal product of Capital. The higher the ICOR indicates lower the productivity of capital and lower the ICOR reflects high productivity of Capital. ICOR is the topic or instrument by which the Economic growth rate of company decided.</div>
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Debit Card is also known as gift card. It is a type of plastic money which provides an alternative payment method for cash withdrawals through automated tailor machine and this is a prepaid ATM card.</div>
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A Credit Card allows you to borrow money when you purchases. It doesn’t directly debit from your bank account at the time of purchase instead you are sent a bill every month for the sum of total of your purchase. In other words this Post Paid Money Card.</div>
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A Smart Card or chip card or integrated circuit card is defined as a pocket sized card with embedded integrated circuit which can process information. This is a card with all personal information of any individual in financial and Money Market.</div>
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Master Card international is a multinational corporation based in purchase throughout the world. Its principal business is to process payment between bank of merchants and the bank of purchase that used its master card I.E. Master Card is a service provider company Master Card international incorporated has been a publicity traded company since 2006 with the brand name Master Card. All financial institutions in banks are the member of this Master Card international for service providing except bank of America. Bank of America has its own service proving company named as VISA international.</div>
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Visa Card is a type of debit card on Visa network. It has VISA logo and can be accepted to pay for the things and the money is drawn directly from your account. These are the debit cards, which are subject to a daily limit, and/or a maximum limit equal to the current/checking account balance from which it draws funds.</div>
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KYC is a term commonly used for customer identification process or these are the guidelines issued by the RBI and SEBI for financial institutions. The intention behind the KYC is to check the money laundering. For the mutual funds MIN (Mutual Fund Identification Number) is the tool of KYC. For Demat Account Pan Card is essential and for band account-</div>
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Residential Proof</div>
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Identity Proof</div>
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Referee/Introducer</div>
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Signature Attestation</div>
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Core or centralized banking solution is a heart of banking system. This is a process by which a bank has interconnect their maximum branches through wide area network and only this system provide a facility of any branch or any time banking.</div>
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It is a delivery of banking services at an affordable cost to the vast section of disadvantage or low income group or this is a facility provided by the banking sector to connect each and every individual to the financial network and the main component of this financial inclusion is no-full account and simplification of know your customers.</div>
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Bond is a debt security in which the authorized issuer owes the holders a debt and s oblique to repaid the principal with interest at the later date and termed maturity.</div>
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It is a long term debit instrument issued by government and large companies to obtained funds. It is very similar to bonds except the securisation condition is different.</div>
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This is the rating system of RBI for banking recommended by Padmanabhan Committee.</div>
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C- Capital Adequacy</div>
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A- Assets Quality or Level of NPA.</div>
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M- Management Effectiveness.</div>
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E- Earning of Profitability.</div>
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L- Liquidity</div>
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S- System and Controls.</div>
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It refers to computer based system use to perform financial transaction electronically. This term is use for the number of different concept</div>
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Card holder initiated transaction, where the card holder makes use of a payment card.</div>
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Electronic payment by business including salary payment</div>
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Electronic cheque clearing.</div>
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A Mortgage is a method of using property as a security for the performance of an obligation, usually the payment of a debt. The term Mortgage refers to a legal device used for this purpose and it is also commonly used to refer to a debt secure by the Mortgage.</div>
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According To Banking Encyclopedia Bank Is A Financial Institution Which Receives Deposits From The Public And Lends Them For Investment Purpose I.E, Deposits Of Money And Advances of The Main Function Of Banks,</div>
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Banking with Foreign operation that means if a domestic Bank is working in abroad with his many branches.</div>
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An offshore Bank Account will allow you to safely and privately explore, with few restrictions, the far reaches of the vast and diverse financial universe.</div>
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An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. These advantages typically include some or all of</div>
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Strong Privacy (see also bank secrecy, a principle born with the 1934 Swiss Banking Act)</div>
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Less Restrictive Legal Regulation</div>
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Low or No Taxation (i.e. tax havens)</div>
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Easy access to deposits (at least in terms of regulation)</div>
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Protection against Local Political or Financial Instability</div>
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Parallel banks are defined as banks licensed in different jurisdictions that, while not being part of the same financial group for regulatory consolidation purposes, have the same beneficial owner (s), and consequently, often share common management and interlinked businesses. The owner(s) may be an individual or a family, a group of private shareholders, or a holding company or other entity that is not Subject to banking supervision. Parallel banking relationships may exist, unknown to the supervisors of the parallel banks. Such structures may be established for a variety of reasons, among others to take advantage of different tax arrangements; to avoid legal restrictions in some countries on the ownership of foreign subsidiaries by domestic banks; or to diversify risk outside countries that are considered economically or politically unstable. In some cases, the motivation may be an attempt to evade regulatory constraints or consolidated supervision from the home country.</div>
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In banking, a merchant bank is a traditional term for an investment bank. It can also be used to describe the private equity activities' of banking developed by merchants, from the Middle Ages onwards.</div>
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Doorstep banking is to deliver Banking and Financial Services at the doorsteps of the common man.</div>
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Islamic banking refers to a system of banking or banking activity that is consistent with Islamic law (SHARIA) principles and guided by Islamic economics. Particular Islamic law Prohibits usury, the Collection and payment of interest, also commonly called RIBA in Islamic discourse in addition, Islamic law prohibits investing in businesses' that are considered unlawful, or HARAAM (such as Businesses that sell alcohol or pork, or businesses that produce media such as gossip columns or pornography, which are contrary to Islamic values). In the late 20th century, a number of Islamic Banks were created, to cater to this particular banking market.</div>
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Relationship banking is an attempt to advance the sales culture in bank marketing beyond order taking to a more pro-active form of direct selling instead of selling financial services. One at a Time, an account officer attempts to gain an understanding of the consumer's needs and offer services that fulfill those needs. Commercial banks and other financial institutions have attempted to apply the concept of relationship banking through personal banker and private banking.</div>
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Banking that includes investment services in addition to services related to savings and loans.</div>
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A virtual bank is a bank with a very small or nonexistent branch network. It offers financial Services by:</div>
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Telephone Banking</div>
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Online Banking</div>
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Automated Teller Mac Hines (Often Through Interbank Network Alliances)</div>
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Mail Banking</div>
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Mobile Banking</div>
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By Eliminating The Costs Associated With Retail Banking, Particularly Bank Branches, Virtual Banks May Offer Higher Interest Rates And Lower Service Charges On Their Savings Accounts Than Their Competitors.</div>
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International Banking activities frequently result in financial instability and serious economic downturns as financial markets become more open and deregulated. Competition from multinational bank has reduced the availability of credit to small- and medium- sized enterprises, to low- and middle-income consumers, and to farmers. While Economies experience financial instabilities and declining credit, governments are losing the means to protect their domestic markets.</div>
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It is a record of financial transaction in the form of stock or flows. It is an arrangement between seller and a buyer under which a period of credit is allowed before payment.</div>
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There are two types of accounts in the banking sector:’</div>
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It is a bank account in which deposits earn interest, and withdrawal from which require notice. There are two types of deposits account.</div>
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The money which is kept in our saving accounts is like a medium of exchange and this is called Demand Deposits. It is also known as CASA (Current Account and Saving Account)</div>
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Current Account</div>
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Saving Account</div>
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Saving account are made for the household saving purpose and interest rate of this account is decide by the RBI and presently it is 3.5%. the saving account are also known as individual account. Through this account, the account holders get cheque. There is lot of flexibility for deposits and withdrawal of funds from the these types of account</div>
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Current accounts are made for the business class persons and account holders can made many transaction in a day. The current account attracts no interest rate sometimes Banks can charge some charges from this account. The deposits in current account are the most liquid deposits and there are no limits for number of transactions or the amount of transactions in a day.</div>
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There are two types of lending or advances in the banking sector.</div>
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Consumer loan</div>
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Vehicle loans and personal loans</div>
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Industrial Lending</div>
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Housing Loans</div>
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Commercial Lending</div>
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Educational Loan</div>
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As India is a democracy so Government of India has some social responsibilities and the fulfillment of these Social responsibilities the GOI has set some priorities, so the sectors decided for GOI by Landings are known as priority sector lending and The Some Sectors are</div>
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Agriculture</div>
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Minority Education</div>
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Animal Husbandry</div>
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Fisheries</div>
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Agriculture Allied</div>
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Small Scale Industries</div>
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Cottage Industries</div>
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Handicrafts</div>
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Houses for the Poor</div>
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The Bankers are bound to lend their 40% of the total lending in priority sector r and 18% of their total lending for agriculture. The PSL attract very reduced or less interest rate and if farmers are unable to repay this, loan GOI is bound to waive this loan because of Social Responsibility.</div>
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Repo Rate is the Tool by which RBI in flews liquidity in the financial system. Or it is the rate of interest at which RBI. Provide short term loans to the scheduled commercial Bank against the government securities. (Maximum-90 days)</div>
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Bank Rate is the rate of interest at which RBI provide loan to the scheduled Commercial banks for productive purpose & for long term period (more than 4 year]</div>
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CRR is the ratio of banks total deposits for which they are bound to keep with the RBI. It could be between minimum 3% to maximum 15% & CRR is the most effective measure to check inflation if CRR increases bank are bound to keep more money with the RBI & the liquidity in market decreases & the value of money increases & inflation come down.</div>
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SLR is the ratio of banks total deposits for which banks are required to keep with themselves If might be in form of cash, gold, government securities and deposits in other banks as current account.</div>
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The concept of deficit financing is propounded by Prof. J. M. Kenes in his book "how to pay for war 1940" Deficit financing is a practice adopted by all popular government for bridging the gap between their revenue and expenditure i.e. it is plan excess of expenditure over revenue.</div>
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SEZ means Special Economic Zone is the one of the part of government’s policies in India. A special Economic zone is a geographical region that economic laws which are more liberal than the usual economic laws in the country. The basic motto behind this is to increase foreign investment, development of infrastructure, job opportunities and increase the income level of the people.</div>
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A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property. A non-banking institution which is a company and has principal business of receiving deposits under any scheme or arrangement in one lump sum or in installments by way of contributions or in any other manner, is also a non-banking financial company (Residuary non-banking company).</div>
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Cheque: Cheuqe is a negotiable instrument instructing a bank to pay a specific amount from a specific account held in the maker/depositor name with that Bank.</div>
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Demand Draft: A demand draft is an instrument used for effecting transfer of money. It is a negotiable instrument.</div>
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Under the guidelines issued on August 10, 2012 by RBI: Any individual, including poor or those from weaker section of the society, can open zero balance account in any bank. BSBDA guidelines are applicable to "all scheduled commercial banks in India, including foreign banks having branches in India".</div>
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All the accounts opened earlier as 'no-frills' account should be renamed as BSBDA. Banks are required to convert the existing 'no-frills' accounts’ into 'Basic Savings Bank Deposit Accounts'.</div>
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The 'Basic Savings Bank Deposit Account' should be considered as a normal banking service available to all customers, through branches .</div>
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The aim of introducing 'Basic Savings Bank Deposit Account' is very much part of the efforts of RBI for furthering Financial Inclusion objectives.</div>
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DeMat is nothing but a dematerialized account. If one has to save money or make cheque payments, then he/she needs to open a bank account. Similarly, one needs to open a DeMat account if he/she wants to buy or sell stocks. Thus, DeMat account is similar to a bank account wherein the actual money is being replaced by shares. In order to open a DeMat account, one needs to approach the Depository Participants [DPs].</div>
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Fiscal policy is the use of government spending and revenue collection to influence the economy. These policies affect tax rates, interest rates and government spending, in an effort to control the economy. Fiscal policy is an additional method to determine public revenue and public expenditure.</div>
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FII (Foreign Institutional Investor) used to denote an investor, mostly in the form of an institution. An institution established outside India, which proposes to invest in Indian market, in other words buying Indian stocks. FII's generally buy in large volumes which has an impact on the stock markets. Institutional Investors includes pension funds, mutual funds, Insurance Companies, Banks, etc.</div>
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FDI (Foreign Direct Investment) occurs with the purchase of the “physical assets or a significant amount of ownership (stock) of a company in another country in order to gain a measure of management control” (Or) A foreign company having a stake in a Indian Company.</div>
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IPO is Initial Public Offering. This is the first offering of shares to the general public from a company wishes to list on the stock exchanges.</div>
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The Gross Domestic Product or GDP is a measure of all of the services and goods produced in a country over a specific period; classically a year.</div>
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Gross National Product is measured as GDP plus income of residents from investments made abroad minus income earned by foreigners in domestic market.</div>
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It defines that, where the net amount received (by taxes & other forms) fails to meet the predicted net amount to be received by the government.</div>
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The Selling of the government stake in public sector undertakings.</div>
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It is the difference between the government’s total receipts (excluding borrowings) and total expenditure.</div>
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National Income is the money value of all goods and services produced in a Country during the year.</div>
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i. Truncation is the process of stopping the flow of the physical cheque issued by a drawer at some point with the presenting bank en-route to the drawee bank branch.</div>
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ii. In its place an electronic image of the cheque is transmitted to the drawee branch by the clearing house, along with relevant information like data on the MICR band, date of presentation, presenting bank, etc.</div>
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iii. Cheque Truncation speeds up the process of collection of cheques resulting in better service to customers, reduces the scope for clearing-related frauds or loss of instruments in transit, lowers the cost of collection of cheques, and removes reconciliation-related and logistics-related problems, thus benefitting the system as a whole.</div>
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<span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; transition: color 0.2s; vertical-align: baseline;">Post dated cheque:</span> The date on the cheque beyond today’s date then cheque becomes post dated.</div>
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<span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; transition: color 0.2s; vertical-align: baseline;">Stale cheque:</span> Cheque is valid for 3 months. If the date on the cheque is before 3 months, then the cheque becomes stale cheque.</div>
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<span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; transition: color 0.2s; vertical-align: baseline;">Mutilated cheque:</span> It is a damaged cheque.</div>
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<div style="background-color: white; border: 0px; color: #444444; font-family: Montserrat, sans-serif; font-size: 14px; font-stretch: inherit; line-height: 22.4px; margin: 0px; padding: 0px; text-align: justify; vertical-align: baseline;">
<span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; transition: color 0.2s; vertical-align: baseline;"> At Par cheque:</span> It is payable anywhere in India.</div>
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<div style="background-color: white; border: 0px; color: #444444; font-family: Montserrat, sans-serif; font-size: 14px; font-stretch: inherit; line-height: 22.4px; margin: 0px; padding: 0px; text-align: justify; vertical-align: baseline;">
<span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; transition: color 0.2s; vertical-align: baseline;">Multi city cheque:</span> A cheque which is payable in any branch of a particular bank</div>
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<span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; transition: color 0.2s; vertical-align: baseline;">(i) "soiled note:"</span> means a note which, has become dirty due to usage and also includes a two piece note pasted together wherein both the pieces presented belong to the same note, and form the entire note.</div>
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(ii) Mutilated banknote is a banknote, of which a portion is missing or which is composed of more than two pieces.</div>
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(iii) Imperfect banknote means any banknote, which is wholly or partially, obliterated, shrunk, washed, altered or indecipherable but does not include a mutilated banknote.</div>
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<span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; transition: color 0.2s; vertical-align: baseline;">Currency chest-</span></div>
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i. To facilitate the distribution of banknotes and rupee coins, the Reserve Bank has authorised select branches of scheduled banks to establish Currency Chests.</div>
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ii. These are actually storehouses where banknotes and rupee coins are stocked on behalf of the Reserve Bank. As on June 30, 2006, there were 4428 Currency Chests and 4102 Small Coin Depots.</div>
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iii. The currency chest branches are expected to distribute banknotes and rupee coins to other bank branches in their area of operation.</div>
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<div style="background-color: white; border: 0px; color: #444444; font-family: Montserrat, sans-serif; font-size: 14px; font-stretch: inherit; line-height: 22.4px; margin: 0px; padding: 0px; text-align: justify; vertical-align: baseline;">
<span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; transition: color 0.2s; vertical-align: baseline;">Internet Banking </span>-The accessing of bank information, accounts and transactions with the help of a computer through the financial institution's website on the Internet is called online banking. It is also called Internet banking or e-banking</div>
<div style="background-color: white; border: 0px; color: #444444; font-family: Montserrat, sans-serif; font-size: 14px; font-stretch: inherit; line-height: 22.4px; margin: 0px; padding: 0px; text-align: justify; vertical-align: baseline;">
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<div style="background-color: white; border: 0px; color: #444444; font-family: Montserrat, sans-serif; font-size: 14px; font-stretch: inherit; line-height: 22.4px; margin: 0px; padding: 0px; text-align: justify; vertical-align: baseline;">
<span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; transition: color 0.2s; vertical-align: baseline;">Bhartiya Mahila Bank (BMB)</span> is an Indian financial services banking company based in New Delhi, India.India's Prime Minister Manmohan Singh inaugurated the system on 19 November 2013 on the occasion of the 94th birth anniversary of former Indian Prime Minister Indira Gandhi.</div>
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Headquarter – New Delhi. Bank will get an initial capital of Rs 1,000 crore.</div>
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<span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; transition: color 0.2s; vertical-align: baseline;">Usha Ananthasubramanian </span>– The First CEO/Chairperson of Bhartiya Mahila Bank</div>
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<div style="background-color: white; border: 0px; color: #444444; font-family: Montserrat, sans-serif; font-size: 14px; font-stretch: inherit; line-height: 22.4px; margin: 0px; padding: 0px; text-align: justify; vertical-align: baseline;">
<span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; transition: color 0.2s; vertical-align: baseline;">National Electronic Funds Transfer (NEFT) </span>is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals, firms and corporates can electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country participating in the Scheme.</div>
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There is no limit – either minimum or maximum – on the amount of funds that could be transferred using NEFT. However, maximum amount per transaction is limited to Rs.50,000/- for cash-based remittances and remittances to Nepal.</div>
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<div style="background-color: white; border: 0px; color: #444444; font-family: Montserrat, sans-serif; font-size: 14px; font-stretch: inherit; line-height: 22.4px; margin: 0px; padding: 0px; text-align: justify; vertical-align: baseline;">
<span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; transition: color 0.2s; vertical-align: baseline;">The acronym 'RTGS' stands for Real Time Gross Settlement,</span> which can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting). 'Real Time' means the processing of instructions at the time they are received rather than at some later time; 'Gross Settlement' means the settlement of funds transfer instructions occurs individually (on an instruction by instruction basis). Considering that the funds settlement takes place in the books of the Reserve Bank of India, the payments are final and irrevocable.</div>
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The minimum amount to be remitted through RTGS is ` 2 lakh. There is no upper ceiling for RTGS transactions.</div>
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Anonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.com0tag:blogger.com,1999:blog-5464198532928496374.post-8343528057893299012016-01-15T12:04:00.001+05:302016-01-15T12:04:23.403+05:30BANKING ABBREVIATIONS<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">1. PIN: Personal Identification Number</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">2. CCEA – Cabinet Committee on Economic Affairs</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">3. GIRO - Government Internal Revenue Order</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">4. PPP – Public Private Partnership & Purchasing Power parity</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><a href="https://www.blogger.com/null" name="more" style="background-color: white; border: 0px; color: #444444; font-family: Montserrat, sans-serif; font-stretch: inherit; line-height: 22.4px; margin: 0px; padding: 0px; vertical-align: baseline;"></a><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">5. HDFC: Housing Development Finance Corporation</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">6. SWOT: Strength, Weeknesses, Opportunities And Threats</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">7. SWIFT: Society for Worldwide Financial Telecommunications,</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">8. FERA: Foreign Exchange Regulations Act</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">9. FEMA: Foreign Exchange Management Act</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">10. CRISIL: Credit Rating Information Services of India Limited</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">11. CIBIL: Credit Information Bureau (India) Ltd</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">12. KYC: Know Your Customer</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">13. RTGS: Real Time gross settlement</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">14. NEFT: National electronic Money Transfer</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">15. EFT: Electronic fund transfer</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">16. CBS: Core banking Solutions</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">17. PSBs: Public Sector banks</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">18. FIIs: Foreign Institutional investments</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">19. FDI: Foreign Direct Investment</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">20. IPO: Initial Public Offering</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">21. IBA: Indian bank Association</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">22. BPLR: Benchmark prime Lending rate</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">23. ICICI: Industrial Credit and Investment Corporation of India</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">24. MICR: Magnetic Ink Character reader</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">25. BIRD: Bankers Institute of Rural development</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">26. ICRA: Indian Credit rating Agency</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">27. CARE: Credit Analysis & Research Ltd</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">28. WMAs: Ways and means Advances</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">29. ALM: Asset Liability management</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">30. CASA: Current and saving account</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">31. NDTL: Net Demand and Time Liabilities</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">32. ALM- Asset Liability Management</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">33. ASBA: Application Supported by Blocked Amount</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">34. CBS: Core Banking Solution</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">35. FSLRC – Financial Sector Legislative Reforms Commission</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">36. CRAR: Capital to Risk-weighted Assets Ratio</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">37. LCR: Liquidity Coverage Ratio</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">38. TARC - Tax Administration Reform Commission</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">39. TIEA – Tax Information exchange Agreement</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">40. . GAAR - General anti avoidance rule</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">41. LIBOR: London Interbank Offered rate</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">42. MIBOR: Mumbai Interbank Offered rate</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">43. MIBID: Mumbai Interbank Bid rate</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">44. SARFAESI: Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">45. CAMELS: (C)apital adequacy</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">(A)ssets</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">(M)anagement Capability</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">(E)arnings</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">(L)iquidity (also called asset liability management)</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">(S)ensitivity</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">46. CAR: Capital Adequecy Ratio</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">TIN - Tax Information Network (TIN)</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">47. IMPS - Interbank Mobile Payment Service (IMPS).</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">48. CDR- Corporate Debt Restructuring</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">49. CAD- Capital Account Deficit</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">50. REITs: Real Estate Investment Trusts</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">51. InvITs: Infrastructure Investment Trusts</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">52. DTAA – Double Taxation Avoidance Agreement</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">53. ECBs - External Commercial Borrowings</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">54. EFSF – European Financial Stability Facility</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">55. FINO- Financial Inclusion Network Operation</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">56. FIPB – Foreign Investment Promotion board</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">57. SENSEX: Sensitive index of Stock Exchange</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">58. GNP: Gross national Product</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">59. NASDAQ: National Association of Securities Dealers Automated Quotations</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">60. NAV: Net Asset value</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">61. ATM Full Form - - Asynchronous Transfer Mode</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">62. ATM Full Form - - Automated teller machine</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">63. BCBS Full Form - - - Basel committee for Banking Supervision</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">64. GST - Goods and Service Tax</span></div>
Anonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.com0tag:blogger.com,1999:blog-5464198532928496374.post-31531054326494161962016-01-15T12:02:00.000+05:302016-01-15T12:02:12.545+05:30Pradhan Mantri Fasal Bima Yojana<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">The Union Cabinet chaired by the Prime Minister Narendra Modi approved the New Crop Insurance Scheme,‘Pradhan Mantri Fasal Bima Yojana’ to boost the agricultural sector.</span><br />
<span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">The theme of the Scheme is One Nation – One Scheme. In this, all shortcomings and weaknesses of all previous schemes were removed and incorporated with the best features of all schemes.</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; border: 0px; color: #444444; font-family: Montserrat, sans-serif; font-stretch: inherit; font-weight: 700; line-height: 22.4px; margin: 0px; padding: 0px; transition: color 0.2s; vertical-align: baseline;"><span style="border: 0px; color: #660000; font-family: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"> Highlights of the scheme are:</span></span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">• Farmers will pay a uniform premium of only 2 percent for all Kharif crops and 1.5% for all Rabi crops.</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">• In case of annual commercial and horticultural crops, farmers will pay a premium of only 5 percent. The balance premium, after farmers paying the premium at very low rate, will be paid by the Government to provide full insured amount to the farmers against crop loss on account of natural calamities.</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">• There will not be any upper limit on Government subsidy. Even if balance premium is 90%, it will be borne by the Government.</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">• Earlier, there was a provision of capping the premium rate which resulted in low claims being paid to farmers. This capping limited the Government outgo on the premium subsidy. Now, this capping was removed and farmers will get full sum insured without any reduction against their claim.</span><br style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px; margin: 0px; padding: 0px;" /><span style="background-color: white; color: #444444; font-family: Montserrat, sans-serif; line-height: 22.4px;">• The usage of technology will be encouraged to a great extent. Smart phones will be used to capture and upload data of crop cutting to reduce the delays in claim payment to farmers. Remote sensing will be used to reduce the number of crop cutting experiments.</span></div>
Anonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.com0tag:blogger.com,1999:blog-5464198532928496374.post-67918958639847552032015-12-09T20:34:00.001+05:302015-12-09T20:34:04.296+05:30List of Indian Banks & Private Banks and their Heads <div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-family: Arial, Helvetica, sans-serif; margin: 0px; padding: 0px;"><b><span style="color: red;">Central Bank</span></b></span><br style="font-family: Arial, Helvetica, sans-serif; margin: 0px; padding: 0px;" /><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">RBI (Governor) – Raghuram Rajan</span><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"> </span><br style="font-family: Arial, Helvetica, sans-serif; margin: 0px; padding: 0px;" /><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">RBI (Dy. Governor) – H. R. Khan, Urjit R. Patel, R. Gandhi & S.S. Mundra</span><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"> </span><br style="font-family: Arial, Helvetica, sans-serif; margin: 0px; padding: 0px;" /><br style="font-family: Arial, Helvetica, sans-serif; margin: 0px; padding: 0px;" /><span style="font-family: Arial, Helvetica, sans-serif; margin: 0px; padding: 0px;"><b><span style="color: red;">Nationalized Banks </span></b></span><br style="font-family: Arial, Helvetica, sans-serif; margin: 0px; padding: 0px;" /><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">Allahabad Bank (Chairman and MD) – Rakesh Sethi</span><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"> </span><br style="font-family: Arial, Helvetica, sans-serif; margin: 0px; padding: 0px;" /><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">Andhra Bank (MD and CEO) – Suresh N. Patel</span><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"> </span><br style="font-family: Arial, Helvetica, sans-serif; margin: 0px; padding: 0px;" /><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">Bank of Baroda (MD and CEO) – P.S. Jayakumar</span><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"> </span><br style="font-family: Arial, Helvetica, sans-serif; margin: 0px; padding: 0px;" /><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">Bank of India (MD and CEO) – Melwyn Rego</span><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"> </span><br style="font-family: Arial, Helvetica, sans-serif; margin: 0px; padding: 0px;" /><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">Bank of Maharashtra (Chairman and MD) – Sushil Muhnot</span><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"> </span><br style="font-family: Arial, Helvetica, sans-serif; margin: 0px; padding: 0px;" /><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">Bhartiya Mahila Bank (Chairman and MD) –</span><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"> </span><br style="font-family: Arial, Helvetica, sans-serif; margin: 0px; padding: 0px;" /><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">Canara Bank (MD and CEO) – Rakesh Sharma</span><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"> </span><br style="font-family: Arial, Helvetica, sans-serif; margin: 0px; padding: 0px;" /><span class="fullpost" style="display: inline; font-family: Arial, Helvetica, sans-serif; margin: 0px; padding: 0px;">Central Bank of India (Chairman and MD) – Rajiv Rishi <br style="margin: 0px; padding: 0px;" />Corporation Bank (Chairman and MD) – S.R. Bansal <br style="margin: 0px; padding: 0px;" />Dena Bank (Chairman and MD) – Ashwani Kumar <br style="margin: 0px; padding: 0px;" />IDBI (MD and CEO) – K.P. Kharat <br style="margin: 0px; padding: 0px;" />Indian Bank (Chairman and MD) – M.K. Jain <br style="margin: 0px; padding: 0px;" />Indian Overseas Bank (MD and CEO) – R. Koteeswaran <br style="margin: 0px; padding: 0px;" />Oriental Bank of Commerce (MD and CEO) – Animesh Chauhan <br style="margin: 0px; padding: 0px;" />Punjab National Bank (MD and CEO) – Usha Ananthasubramanian <br style="margin: 0px; padding: 0px;" />Punjab and Sind Bank (Chairman and MD) – J.B. Singh <br style="margin: 0px; padding: 0px;" />Syndicate Bank (MD and CEO) – Arun Srivastava <br style="margin: 0px; padding: 0px;" />UCO Bank (Chairman and MD) – Ravi Kishan Takkar <br style="margin: 0px; padding: 0px;" />Union Bank of India (Chairman and MD) – Aurn Tiwari <br style="margin: 0px; padding: 0px;" />United Bank of India (MD and CEO) – P. Srinivas <br style="margin: 0px; padding: 0px;" />Vijaya Bank (MD and CEO) – Kishore Kumar Sansi <br style="margin: 0px; padding: 0px;" /><br style="margin: 0px; padding: 0px;" /><span style="margin: 0px; padding: 0px;"><b><span style="color: red;">State Bank Group </span></b></span><br style="margin: 0px; padding: 0px;" />State Bank of India (Chairman) – Arundhati Bhattacharya <br style="margin: 0px; padding: 0px;" />State Bank of Bikaner and Jaipur (MD) – Jyoti Ghosh <br style="margin: 0px; padding: 0px;" />State Bank of Hyderabad (MD) – Santanu Mukherjee <br style="margin: 0px; padding: 0px;" />State Bank of Mysore (MD) – Sharad Sharma <br style="margin: 0px; padding: 0px;" />State Bank of Patiala (MD) – S.A. Ramesh Rangan <br style="margin: 0px; padding: 0px;" />State Bank of Travancore (MD) – Jeevan Das Narayan <br style="margin: 0px; padding: 0px;" /><b><span style="color: red;"><br style="margin: 0px; padding: 0px;" /><span style="margin: 0px; padding: 0px;">Private Bank </span></span></b><br style="margin: 0px; padding: 0px;" />Axis Bank (MD and CEO) – Shikha Sharma <br style="margin: 0px; padding: 0px;" />Catholic Syrian Bank (MD and CEO) – Anand Krishnamurthy <br style="margin: 0px; padding: 0px;" />City Union Bank (MD and CEO) – N. Kamakodi <br style="margin: 0px; padding: 0px;" />Development Credit Bank (MD and CEO) – Murali M. Natrajan <br style="margin: 0px; padding: 0px;" />Dhanalakshmi Bank (MD and CEO) – P.G. Jayakumar <br style="margin: 0px; padding: 0px;" />Federal Bank (MD and CEO) – Shyam Shrinivasan <br style="margin: 0px; padding: 0px;" />HDFC Bank (MD) – Aditya Puri <br style="margin: 0px; padding: 0px;" />ICICI Bank (MD and CEO) – Chanda D. Kochhar <br style="margin: 0px; padding: 0px;" />Indusind Bank (MD) – Romesh Sobti <br style="margin: 0px; padding: 0px;" />J and K Bank (Chairman and CEO) Mushtaq Ahmad <br style="margin: 0px; padding: 0px;" />Karnataka Bank (MD and CEO) – P. Jayarama Bhat <br style="margin: 0px; padding: 0px;" />Karur Vyasa Bank (MD and CEO) – K. Venkataraman <br style="margin: 0px; padding: 0px;" />Kotak Mahindra Bank (MD) – Uday S. Kotak <br style="margin: 0px; padding: 0px;" />Lakshmi Vilas Bank (MD and CEO) – <br style="margin: 0px; padding: 0px;" />Nainital Bank (Chairman and CEO) – S.K. Gupta <br style="margin: 0px; padding: 0px;" />Ratnakar Bank (MD and CEO) – Vishwavir Ahuja <br style="margin: 0px; padding: 0px;" />South Indian Bank (MD and CEO) – V.G. Mathew <br style="margin: 0px; padding: 0px;" />Tamil Nad Mercantile Bank (MD and CEO) – K.B. Nagendra Murthy <br style="margin: 0px; padding: 0px;" />Yes Bank (MD and CEO) – Rana Kapoor</span></div>
Anonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.com0tag:blogger.com,1999:blog-5464198532928496374.post-76725380883401939812015-09-05T22:06:00.001+05:302015-09-05T22:06:54.090+05:30RuPAY CARD<div dir="ltr" style="text-align: left;" trbidi="on">
❖ RuPay is a combination of two words – Rupee and Payment. RuPay Card is an Indian version<br />
of credit/debit card. It is very similar to international cards such as Visa/Master.<br />
<br />
❖ RuPay is the Indian domestic card payment network set up by National Payments Corporation of India (NPCI) at the behest of banks in India with the approval of Reserve Bank of India.<br />
<br />
❖ It is created to fulfill the Reserve Bank of India's desire to have a domestic, open loop, and multilateral system of payments in India.<br />
<br />
❖ RuPay facilitates electronic payment at all Indian banks and financial institutions, and competes<br />
with Master Card and Visa in India.<br />
<br />
❖ NPCI maintains ties with Discover Financial to enable the card scheme to gain international acceptance.<br />
<br />
❖ National Payments Corporation of India (NPCI) has a plan to provide a full range of card payment services including the RuPay ATM, RuPay Micro ATM, Debit, Prepaid and Credit<br />
Cards which will be accepted in India and abroad, across various channels like POS, Internet, IVR and mobile etc.<br />
<br />
❖ The initial focus of NPCI would be to approach those banks who have not been issuing any payment card at all more specifically – Regional Rural Banks (RRBs) and urban co-operative banks.<br />
<br />
❖ RuPay cards are accepted at all automated teller machines (ATMs) across India under National<br />
Financial Switch, and under the NPCI's agreement with DFS. RuPay cards are accepted on the international Discover network.<br />
<br />
❖ According to the data published by National Payments Corporation of India, there are around<br />
145270 ATMs and more than 875000 Point of Sale (PoS) terminals in India under the RuPay platform.<br />
<br />
❖ In addition to the ATMs and PoS terminals, RuPay cards are accepted online on 10,000 e-commerce websites with the same PIN which they use for ATM transactions.<br />
<br />
❖ RuPay cards are accepted at all PoS terminals in India. To enable this, RuPay has certified 29<br />
major banks in India to accept the RuPay card at their respective PoS terminals located at different merchant locations.<br />
<br />
❖ NPCI has rolled out its chip card for high security transactions using EMV (Europay, Master-<br />
Card and Visa) chip technology, which is a global standard for debit and credit cards. RuPay chip cards have an embedded microprocessor circuit containing information about the card holder and because transactions are PIN-based rather than signature- based.<br />
<br />
❖ RuPay also provides a unified "Kisan Card", issued by banks across the country under Kisan Credit Card, enabling farmers to transact business on ATMs and PoS terminals.</div>
Anonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.com0tag:blogger.com,1999:blog-5464198532928496374.post-39952769870851117622015-08-27T08:23:00.001+05:302015-08-27T08:23:22.944+05:30BANKING AWARENESS STUDY MATERIAL<div dir="ltr" style="text-align: left;" trbidi="on">
Payment Banks: Payments banks are expected to provide small savings accounts, payments/ remittance services to migrant labour workforce, low-income households, small businesses, other un-organised sector entities and other users, by enabling high volume-low value transactions in deposits and payments/ remittance services in a secured technology-driven environment. A<br />
payment bank is covered under sections 5 (b) and 6 (1) (a) to (o) of the Banking Regulation Act, 1949.<br />
<br />
<b>How payment banks are different from regular banks: </b><br />
These banks can only receive deposits and remittances but cannot carry out lending activities. Aiming at financial inclusion, these banks will provide banking services to migrant labourers, low income households, etc.<br />
1. What is the maximum amount that can be saved under payment bank account?<br />
A: The maximum deposit that a payment bank can accept from an individual customer is Rs 1 lakh.<br />
<br />
2. Can a credit card be issued under this scheme?<br />
A: NO<br />
<br />
3. Can a payment bank can issue a debit and ATM cards for easy transactions?<br />
A: YES<br />
<br />
4. What is the amount of loan that can be sanctioned by a payment bank?<br />
A: No Loan facility. The Reserve Bank has clearly stated that a payments bank cannot undertake any lending activity.<br />
<br />
5. Is it safe to save money with a payment bank?<br />
A: YES. Besides normal CRR (Cash Reserve Ratio) to be maintained with the RBI, a payments bank will be required to invest 75% of its demand deposit balances in Statutory Liquidity Ratio (SLR) eligible government securities and treasury bills. Further, a maximum of 25% will have to be held in current and fixed deposits with other scheduled commercial banks.<br />
<br />
6. What is the capital required for opening payments pay?<br />
A: Rs 100 crore<br />
<br />
7. Who led the committee on Comprehensive Financial Services for Small Businesses and Low Income Households formed in 2013?<br />
A: Nachiket Mor<br />
<br />
8. Who all got licences: Aditya Birla Nuvo, Airtel M Commerce, Vodafone m-pesa, Tech Mahindra, Vijay S Sharma of Paytm, Dilip Shanghvi of Sun Pharma, Reliance Industries, NSDL, Fino PayTech, Cholamandalam Dist and Department of Posts.<br />
<br />
9. When the operations are likely to start?<br />
A: The companies selected will be given "in-principle" approval for 18 months, after which they will be given licences if they fulfil all conditions stipulated by the RBI.</div>
Anonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.com0tag:blogger.com,1999:blog-5464198532928496374.post-26155428960982320542015-08-09T10:46:00.002+05:302015-08-09T10:46:38.385+05:30Questionnaire on Union Budget 2015-16<div dir="ltr" style="text-align: left;" trbidi="on">
1. In the Union Budget, rate of Service Tax was hiked from 12% to ____ <b>- 14%</b><br />
2. In the Union Budget 2015-16, Fiscal deficit seen at how much per cent of GDP in 2015/16? <b>- 3.9 %</b><br />
3. How much amount has been allocated to the Rural Infrastructure Development Bank in the Union Budget 2015-16? <b>- Rs. 25,000 crore</b><br />
4. According to the Union Budget, two new IIM will be opened in which of the following states? <b>-Jammu & Kashmir and Andhra Pradesh</b><br />
5. According to the Union Budget 2015-16, Non-Banking Financial Companies (NBFCs) registered with Reserve Bank of India (RBI) above _______ will be now considered as financial institutions? <b>- Rs. 5,000 crore</b><br />
6. How much amount has been allocated for Rural Employment Guarantee Scheme in the Union Budget 2015-16? <b>- 346.99 billion rupees</b><br />
7. How much amount has been allocated to Defence sector in the Union Budget 2015-16? <b>- Rs. 2,46,726 crore</b><br />
8. According to the Union Budget, how much per cent of Revenue Deficit to be seen in 2015-16? <b>- 2.8%</b><br />
9. According to the Union Budget 2015-16, how much per cent, rate of corporate tax will be reduced over next four years? <b>- 25%</b><br />
10. According to the Union Budget 2015-16, now details of PAN has to mentioned compulsory for transactions for more than _____.<b>- Rs. 1 lakh</b><br />
11. In the Union Budget 2015-16, increase in the limit of health insurance premium from current Rs 15,000 to ____<b>.Rs. 25,000</b><br />
12. How much amount has been allocated for micro-irrigation watershed projects in the Union Budget 2015-16? <b>- Rs. 5,300 Crore</b><br />
13. How much amount has been allocated to Infrastructure sector in the Union Budget 2015-16? <b>- Rs. 70,000 crore</b><br />
14. According to the Union Budget 2015-16, Visa on arrival for how many countries? <b>– 150</b><br />
15. According to the Union Budget, Centre of film production, animation and gaming to come up in _____. <b>AP</b><br />
16. On which date Union Budget 2015-16 was presented in Parliament? <b>- 28 February 2015</b><br />
17. Name the Union Finance Minister who presented the Union Budget 2015-16 in Parliament? <b>- Arun Jaitley</b><br />
18. Personal Income Tax limit was not changed in Union Budget 2015-16. What is the present Personal I-T exemption limit? <b>- Rs 2.5 lakh</b><br />
19. Health Insurance Premium deduction hiked from Rs. 15,000 to?<b>- Rs. 25,000 (for senior citizens to Rs. 30,000)</b><br />
20. Transport allowance exemption hiked to Rs. 1,600, from ____ per month? <b>- Rs.800</b><br />
21. PAN card is must for all purchase above ______ rupees as proposed in Budget 2015-16? <b>- Rs. 1 lakh</b><br />
22. An additional _____% surcharge on people earning over Rs. 1 cr was put forth in the budget 2015-16? <b>- 2%</b><br />
23. What change was made in the Wealth tax?<b> - Wealth tax abolished</b><br />
24. DTC was dropped in the Budget 2015-16. Expand DTC? <b>- Direct Taxes Code</b><br />
25. Corporate tax to be reduced from 30% to ___ over next four years? <b>- 25%</b><br />
26. Mudra banks to be established with capital of Rs.___ crore?<b>- 20000</b><br />
27. Rs. ____ deduction for contribution to New Pension Scheme?<b>- Rs. 50,000</b><br />
28. GAAR implementation deferred by 2 years to? <b>- April 2017</b><br />
29. Service Tax rate hiked to ___% from 12.36%? <b>- 14%</b><br />
30. Tax free bonds were proposed in budget for? <b>- Roads, railways, irrigation project</b></div>
Anonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.com0tag:blogger.com,1999:blog-5464198532928496374.post-83335100322290122162015-08-09T10:38:00.003+05:302015-08-09T10:38:39.318+05:30Headquarters of Nationalized Banks<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: left;">
Allahabad Bank : Kolkata<br /> Bank of India : Mumbai<br /> Bank of Maharashtra : Pune<br /> Canara Bank: Bangalore<br /> Central Bank of India : Mumbai<br /> Corporation Bank: Mangalore<br /> Dena Bank : Mumbai<br /> Indian Bank : Chennai<br /> Indian Overseas Bank : Chennai<br /> Oriental Bank of Commerce : New Delhi<br /> Punjab National Bank : New Delhi<br /> Punjab & Sind Bank : New Delhi<br /> State Bank of India : Mumbai<br /> Syndicate Bank : Manipal<br /> UCO Bank : Kolkata<br /> Union Bank of India : Mumbai<br /> United Bank of India : Kolkata<br /> Vijaya Bank : Bangalore<br /> Andhra Bank : Hyderabad</div>
<br /></div>
Anonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.com0tag:blogger.com,1999:blog-5464198532928496374.post-14216039873236548442015-08-09T10:34:00.000+05:302015-08-09T10:34:17.995+05:30TAGLINES OF DIFFERENT BANKS<div dir="ltr" style="text-align: left;" trbidi="on">
<b>1. Allahabad Bank </b>A tradition of trust<br />
<b>2. Andhra bank</b> For all your needs<br />
<b>3. Bank of Baroda</b> India‘s international bank<br />
<b>4. Bank of India</b> Relationships beyond banking<br />
<b>5. Bank of Maharashtra</b> One family one bank<br />
<b>6. Canara Bank</b> Together We Can<br />
<b>7. Central bank</b> Central to you since 1911<br />
<b>8. Dena Bank</b> Trusted Family Bank<br />
<b>9. Indian Bank</b> Taking banking technology to the common man<br />
<b>10. Oriental bank of Commerce</b> Where every individual is committed<br />
<b>11. Punjab National Bank</b> The name you can bank on<br />
<b>12. State bank of India</b> With you all the way<br />
<b>13. Syndicate bank</b> Your faithful & friendly financial partner<br />
<b>14. Vijaya Bank</b> A friend you can bank on</div>
Anonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.com0tag:blogger.com,1999:blog-5464198532928496374.post-54107987958341586042015-08-09T10:30:00.002+05:302015-08-09T10:30:55.395+05:30BANKS IN INDIA AS ON April 2015<div dir="ltr" style="text-align: left;" trbidi="on">
1) There are a total of 27 PSBs in India [21 NationaliZed banks + 6 State bank group (SBI + 5 associates)]<br />
2) At present there are 22 Private Banks functioning in India<br />
3) At present there are 56 RRBs (Regional Rural Banks ) functioning in India.<br />
4) At present there are 41 Foreign Banks functioning in India</div>
Anonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.com0tag:blogger.com,1999:blog-5464198532928496374.post-13901738585116058382015-08-09T10:24:00.003+05:302015-08-09T10:24:44.976+05:30Schemes/ Policy launched by Govt. of India<div dir="ltr" style="text-align: left;" trbidi="on">
<b>Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) - Agriculture Irrigation Scheme.</b><br />
<b>Key points:</b><br />
Scheme aims at providing irrigation facilities to every village in the country by converging ongoing irrigation schemes implemented by various ministries.<br />
Budgetary allocation: 1,000 crore rupees for fiscal year 2015-16.<br />
Funding Pattern: Centre- States will be 75: 25 per cent. In case of north-eastern region and hilly states it will be 90:10.<br />
<br />
<b>Sukanya Samriddhi Yojana: It is a small deposit scheme for the girl child.</b><br />
<b>Key points of the scheme –</b><br />
In one family, a maximum of two accounts can be opened for two girl children. The account can be transferred anywhere in India from one Post office/Bank to another.<br />
Age Limit: The upper age limit of the girl child for opening this account is 10 years. The govt. has given a relaxation of one year in the upper age limit for those opening accounts till December 1, 2015.<br />
Documents required - 1. Birth Certificate of the girl child. 2. Address proof. 3. Identity proof.<br />
Minimum & Maximum deposit: The minimum deposit under the scheme is Rs. 1000/-. The maximum deposit is Rs. 1.5 lakhs. There is no limit on the number of investments one can make in an account either in a month or in a year.<br />
Interest rate: The government will announce the interest rate of the scheme every year. However, the government of India has increased the rate of interest from 9.1% (2014-15) to 9.2% (2015-16) for this financial year.<br />
Maturity period: The maturity period of the scheme is 21 years from the date of account opening, though deposits need to be made only for the first 14 years.<br />
The minimum lock-in in period under the Sukanya Samriddhi Yojana is 11 years.<br />
<br />
<b> Pradhan Mantri Kaushal Vikas Yojana (PMKVY):</b><br />
The scheme aims to impart skill training to youth with focus on first time entrants to the labour market and class 10 and class 12 drop outs.<br />
The scheme will be implemented by the Union Ministry of Skill Development and Entrepreneurship through the National Skill Development Corporation (NSDC). I<br />
It will cover 24 lakh persons and skill training would be based on the National Skill Qualification Framework (NSQF) and industry led standards<br />
<br />
<b>Bhagyashree scheme: </b><br />
It is girl child scheme was launched in Maharashtra. Bollywood actress Bhagyashree is the brand ambassador of the scheme.<br />
<b>Key points of the scheme:</b><br />
The state government will deposit an amount of 21200 rupees in bank for a girl child born in a Below the Poverty Line (BPL) family.<br />
The scheme aims at providing one 1 lakh rupees on maturity after the girl completes 18 years of age.<br />
The scheme would be linked to the Beti Bachao Beti Padhao scheme of Union Government.<br />
<br />
<b> Rashtriya Avishkar Abhiyan (RAA): </b><br />
Former President of India Dr. APJ Abdul Kalam launched the Rashtriya Avishkar Abhiyan (RAA) in New Delhi. The abhiyan aims to inculcate a spirit of inquiry, creativity and love for Science and Mathematics in school children. Rashtriya Avishkar Abhiyan is a concept developed by the Ministry of Human Resource Development. RAA is an effort to take forward the Prime Minister Narednra Modi’s vision of Digital India, ‘Make in India’ and ‘Teach in India’.<br />
<br />
<b>About Pradhan Mantri Jeevan Jyoti Bima Yojana: </b><br />
It is a low premium insurance scheme which will link with the Pradhan Mantri Jhan Dhan Yojna. Key points of the scheme:<br />
<b> Eligibility:</b> Minimum 18 years and maximum 50 years and have bank account are eligible for the scheme. If the account is opened before attaining the age of 50 years, the life cover would remain intact up to the age of 55 years, if premium is paid regularly.<br />
<br />
<ul style="text-align: left;">
<li> Premium payable for this scheme is Rs.330 per year i.e. less than Rs.1 per day. </li>
<li> Risk coverage of Rs.2 Lakh in case of death for any reason. </li>
<li> The premium paid will be tax-free under section 80C and also the proceeds amount will get tax-exemption u/s 10(10D). </li>
</ul>
<br />
<br />
<b>About Atal Pension Yojana (APY): </b><br />
It is a scheme mainly for workers in unorganised sector. The scheme will be administered by the Pension Fund Regulatory and Development Authority (PFRDA) and replace the previous government's Swavalamban Yojana NPS Lite.<br />
<b>Key points of the scheme: </b><br />
<br />
<ul style="text-align: left;">
<li> The subscribers who will joined the scheme would receive the fixed pension of Rs. 1000 per month, Rs. 2000 per month, Rs. 3000 per month, Rs. 4000 per month, Rs. 5000 per month, at the age of 60 years, depending on their contributions. </li>
<li> Age limit: minimum 18 years and maximum age is 40 years. </li>
<li> A subscriber can contribute for minimum period of 20 years or more and pension payment will start at the age of 60 years. </li>
<li> The government of India has decided to co-contribute 50% of the subscriber's contribution or Rs. 1000 per annum, whichever is lower, to each eligible subscriber account, for a period of 5 years, i.e., from 2015-16 to 2019-20, who join the NPS before 31st December, 2015 and who are not income tax payers.</li>
</ul>
<br />
<br />
<b>Pradhan Mantri Suraksha Bima Yojana: </b><br />
It is an insurance scheme which covers death or disablement of the policyholder caused due to accident or accidental injuries.<br />
<b>Key points of the scheme:</b><br />
<br />
<ul style="text-align: left;">
<li> Age limit: Minimum 18 yrs and maximum 70 years.</li>
<li> The scheme will be a one year cover, renewable from year to year and would be administered through the Public Sector General Insurance Companies in collaboration with Banks.</li>
<li> Risk coverage: The Pradhan Mantri Suraksha Bima Yojana will offer an accidental death and full disability cover of Rs. 2 Lakh and for partial disability cover of Rs. 1 Lakh.</li>
<li> Premium: Rs.12 per annum. The premium will be directly auto-debited by the bank from the subscribers' account.</li>
</ul>
</div>
Anonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.com0tag:blogger.com,1999:blog-5464198532928496374.post-79998415735676320202015-08-09T10:15:00.002+05:302015-08-09T10:15:43.676+05:30Important Committees<div dir="ltr" style="text-align: left;" trbidi="on">
1. Deepak Mohanty committee – to frame action plan on financial inclusion.<br />
2. A P Shah committee – A high level committee on the controversial issue of payment of Minimum Alternate Tax (MAT) by foreign institutional investors.<br />
3. Bhupendra Yadav committee – to head panel on the Goods and Services Tax, GST bill<br />
4. SS Ahluwalia committee - on the Right to Fair Compensation and Transparency in Land Acquisition Rehabilitation and Resettlement (LARR) (Amendment) Bill, 2015.<br />
5. Vijay Kelkar committee: on Revisiting and Revitalizing the Public Private Partnership (PPP) Model of Infrastructure Development.<br />
6. B N Navalawala committee: to head task force on inter-linking of rivers.<br />
7. Ajay Shankar committee: to suggest simplified compliance for establishing new industries.<br />
8. AK Bhargava committee: to look into the issues of "Net neutrality".<br />
9. Dhirendra Swarup committee – to begin the preparatory work for Financial Redress Agency (FRA) that was recommended by the Financial Sector Legislative Reforms Commission (FSLRC).</div>
Anonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.com0tag:blogger.com,1999:blog-5464198532928496374.post-86539878400204040862015-08-02T16:59:00.002+05:302015-08-02T16:59:22.710+05:30FINANCIAL TERMS<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; text-align: justify;">
<b><span style="background-attachment: initial; background-clip: initial; background-color: white; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: inherit;">1) Type of assets</span></b></div>
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<div style="text-align: justify;">
<span style="font-family: inherit;"><span class="textexposedshow"><b><span style="background: white;">The assets portfolio of the banks is required to be classified as</span></b></span><span style="background: white;"><br /></span></span></div>
</div>
<div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; text-align: justify;">
<span style="font-family: inherit;"><span style="background: white;"><span class="textexposedshow">(1) standard assets</span></span><span style="background: white;"><span class="textexposedshow">(2) sub-standard assets</span></span><span style="background: white;"><span class="textexposedshow">(3) doubtful assets and</span></span><span style="background: white;"><span class="textexposedshow">(4) loss assets.</span></span><span style="background: white;"><span class="textexposedshow">Standard asset is one that does not disclose any problems and which does not carry more than normal risk attached to the business .</span></span><span style="background: white;"><span class="textexposedshow">An asset which has been classified as NPA for a period not exceeding 12 months is considered as sub-standard asset.</span></span><span style="background: white;"><span class="textexposedshow">Doubtful asset is one which has remained NPA for a period exceeding 12 months.</span></span><span style="background: white;"><span class="textexposedshow">An asset which is considered uncollectible and loss has been identified by the bank or internal or external auditors or the RBI inspection and the loss has not been written off is regarded as loss asset.</span></span><b> </b></span></div>
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<b><span style="font-family: inherit;">2) <span class="textexposedshow"><span style="background: white;">Core Banking Solutions (CBS)</span></span></span></b></div>
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<span class="textexposedshow"><span style="background: white; font-family: inherit;">Core Banking Solutions is a buzz word in Indian banking at present, where branches of the bank are connected to a central host and the customers of connected branches can do banking at any breach with core banking facility.<o:p></o:p></span></span></div>
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<span style="font-family: inherit;"><br /></span></div>
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<b>3) Prime Lending Rate<o:p></o:p></b></div>
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<span style="font-family: inherit;">The minimum short-term interest rate charged by commercial<b> </b>banks to their most creditworthy clients. It is a reference interest<b> </b>rate used by banks for its lending purposes.<span style="background: white;"><o:p></o:p></span></span></div>
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<b><span style="background: white; font-family: inherit;"><br /></span></b></div>
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<b><span style="background: white; font-family: inherit;">4) Parties of a Cheque:</span></b></div>
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<span style="background-color: white; font-family: inherit;">There are three parties to the cheque</span></div>
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<span style="font-family: inherit;"><br /></span><div style="text-align: justify;">
<span style="background-color: white; font-family: inherit;">1-Drawer or Maker</span></div>
<br /><div style="text-align: justify;">
<span style="background-color: white; font-family: inherit;">2-The bank (Drawee) - on whom the cheque is drawn (i.e. the bank with whom the account is maintained by the drawer)</span></div>
<span style="font-family: inherit;"><span style="background: white;"><div style="text-align: justify;">
<span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: inherit;">3- Payee – Payee is the person whose name is mentioned on the cheque</span><span style="background-color: transparent;"> </span><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: inherit;">to whom or to whose order the money is directed to be paid.</span></div>
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<b><br /></b></div>
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<b>5) Special Drawing Rights (SDRs)</b></div>
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<span style="font-family: inherit;">It is a reserve asset (known as ‘Paper Gold’) created within the framework of the International Monetary Fund in an attempt to increase international liquidity, and now forming a part of countries official forex reserves along with gold, reserve positions in the IMF and convertible foreign currencies<b>.<o:p></o:p></b></span></div>
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<b><span lang="EN-IN" style="font-family: inherit;">6) Negotiated Dealing System<o:p></o:p></span></b></div>
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<span lang="EN-IN" style="font-family: inherit;">The Negotiated Dealing System (NDS) for electronic dealing and reporting of transactions in government securities was introduced in February 2002. It facilitates the members to submit electronically, bids or applications for primary issuance of Government Securities when auctions are conducted. NDS also provides an interface to the Securities Settlement System (SSS) of the Public Debt Office, RBI, Mumbai thereby facilitating settlement of transactions in Government Securities (both outright and repos) conducted in the secondary market.<o:p></o:p></span></div>
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<b><span lang="EN-IN" style="font-family: inherit;">7) NDS OM (Order Match)<o:p></o:p></span></b></div>
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<span lang="EN-IN" style="font-family: inherit;">In August, 2005, RBI introduced an anonymous screen based order matching module on NDS, called NDS-OM. This is an order driven electronic system, where the participants can trade anonymously by placing their orders on the system or accepting the orders already placed by other participants. NDS-OM is operated by the Clearing Corporation of India Ltd. (CCIL) on behalf of the RBI.<o:p></o:p></span></div>
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<span style="font-family: inherit;"><b>8) </b><b>What is Asset Management Companies?</b><o:p></o:p></span></div>
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<span style="font-family: inherit;">A company that invests its clients' pooled fund into securities that match its declared financial objectives. Asset management companies provide investors with more diversification and investing options than they would have by themselves. Mutual funds, hedge funds and pension plans are all run by asset management companies. These companies earn income by charging service fees to their clients.<o:p></o:p></span></div>
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<span style="font-family: inherit;"><b><span lang="EN-IN">9) "Soiled Note:"</span></b><span lang="EN-IN"> means a note which, has become dirty due to usage and also includes a two piece note pasted together wherein both the pieces presented belong to the same note, and form the entire note.<o:p></o:p></span></span></div>
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<span style="font-family: inherit;"><b><span lang="EN-IN">(ii) Mutilated banknote</span></b><span lang="EN-IN"> is a banknote, of which a portion is missing or which is composed of more than two pieces.<o:p></o:p></span></span></div>
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<span lang="EN-IN" style="font-family: inherit;"><br /></span></div>
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<span lang="EN-IN" style="font-family: inherit;"></span></div>
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<span lang="EN-IN" style="font-family: inherit;"><b>10) Imperfect banknote</b> means any banknote, which is wholly or partially, obliterated, shrunk, washed, altered or indecipherable but does not include a mutilated banknote.</span></div>
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Anonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.com0tag:blogger.com,1999:blog-5464198532928496374.post-90556107281879594282015-07-09T10:04:00.002+05:302015-07-09T10:04:30.378+05:30BANKING AWARENESS PRACTICE QUESTIONS FOR ALL EXAMS<div dir="ltr" style="text-align: left;" trbidi="on">
1. The main function of an Asset Management Company is to:<br />
a) hold the securities of various schemes<br />
b) manage the funds by making investments in various types of securities<br />
c) hold its property for the benefit of the unit holders<br />
d) act on behalf of SEBI<br />
e) All the above<br />
<br />
2. What is the purpose of reduction in Cash Reserve Ratio (CRR)?<br />
a) Reduce Credit Flow<br />
b) Enhance Credit Flow<br />
c) Enhance availability of cash<br />
d) Reduce Cash transactions<br />
e) None of the above<br />
<br />
3. In India, conventionally, bonds are issued by institutions in ____ sector while debentures by corporate<br />
in ____ sector.<br />
a) private, public<br />
b) public, private<br />
c) either a or b<br />
d) cooperative, NBFC<br />
e) None of the above<br />
<br />
4. Who notifies Foreign Trade Policy?<br />
a) RBI<br />
b) DGFT<br />
c) Govt. of India<br />
d) ECGC<br />
e) None of the above<br />
<br />
5. Cash kept in the currency chest is owned by?<br />
a) Currency Chest branch bank<br />
b) State Bank of India<br />
c) Central Government<br />
d) Reserve Bank of India<br />
e) None of the above<br />
<br />
6. Expand the term LIBOR as used in financial banking sectors?<br />
a) Local Indian Bank Offered Rate<br />
b) London-India Bureau of Regulations<br />
c) Liberal International Bank Official Ratio<br />
d) London Inter Bank Offered Rate<br />
e) None of the above<br />
<br />
7. Which one of the following rates is NOT decided by the RBI?<br />
a) Bank Rate<br />
b) Repo Rate<br />
c) Reverse Repo Rate<br />
d) Income Tax Rates<br />
e) Only a & b<br />
<br />
8. When more than one bank is allowing credit facilities to one party in coordination with each other under a formal arrangement, the arrangement is generally known as:<br />
a) Participation<br />
b) Consortium<br />
c) Syndication<br />
d) Multiple Banking<br />
e) All the above<br />
<br />
9. The headquarters of International Monetary Fund is ___<br />
a) Geneva<br />
b) Paris<br />
c) London<br />
d) Manila<br />
e) Washington<br />
<br />
10. The first insurance company was started in India in 1818 at:<br />
a) Kolkata<br />
b) Chennai<br />
c) Mumbai<br />
d) New Delhi<br />
e) Allahabad<br />
<br />
11. Which one of the following is not a "Money Market Instrument"?<br />
a) Treasury Bills<br />
b) Commercial Paper<br />
c) Equity Shares<br />
d) Certificate of Deposit<br />
e) All the above<br />
<br />
12. The Banking Codes and Standards Board of India was registered on 18 February, 2006 under<br />
which of the following RBI Act?<br />
a) Banking Regulation Act<br />
b) The Societies Registration Act, 1860<br />
c) Cooperative Societies Act<br />
d) None of the above<br />
e) All the above<br />
<br />
13. Who is the chairman of Governing Council of BCSBI (Banking Codes and Standards Board of<br />
India)?<br />
a) K.C. Chakrabarty<br />
b) A.C. Mahajan<br />
c) HS Khurana<br />
d) M.V. Nair<br />
e) Salman Khurshid<br />
<br />
14. Payment of cheques is governed by sections under_____:<br />
a) Banking Regulation Act 1949<br />
b) RBI Act 1934<br />
c) Negotiable Instruments Act 1881<br />
d) Prevention of Money Laundering Act 2002<br />
e) None of the above<br />
<br />
15. The Headquarters of Bank of International settlement is located at:<br />
a) New York<br />
b) London<br />
c) Washington<br />
d) Paris<br />
e) Basel (Switzerland)<br />
<br />
16. The Act governing forex activities in India is:<br />
a) RBI act<br />
b) FERA<br />
c) FEMA<br />
d) SEBI<br />
e) Finance Ministry<br />
<br />
17. Sri Arun Shrivastava has taken over charge on 15.05.2015 as new CMD of ____ bank.<br />
a) Union Bank of India<br />
b) United Bank of India<br />
c) Syndicate Bank<br />
d) Andhra Bank<br />
e) Allahabad Bank<br />
<br />
18. RBI advised Banks that all new cards issued - debit and credit, domestic and International shall be EMV (Europay MasterCard Visa) chip and pin based cards with effect from:<br />
a) 1st September 2015<br />
b) 1st October 2015<br />
c) 1st November 2015<br />
d) 1st August 2015<br />
e) 15th August 2015<br />
<br />
19. Benefits in core banking system are:<br />
a) Reliable centralized data recovery<br />
b) Data warehousing and data mining technologies<br />
c) Integrated customer centric services<br />
d) Core infrastructure can be used for future expansion<br />
e) All the above<br />
<br />
20. NRI Deposits are classified under:<br />
a) Capital a/c<br />
b) Current a/c<br />
c) Special Foreign Deposit Account<br />
d) Either b or c<br />
e) None of the Above<br />
<br />
21. Which of the following can be called as intermediary in the Financial System?<br />
a) Insurance companies<br />
b) Banking companies<br />
c) Mutual funds<br />
d) All the above<br />
e) None of the above<br />
<br />
22. Which type of machine is used by Business Correspondents?<br />
a) Micro ATMs<br />
b) POS<br />
c) Biometric Card Reader<br />
d) Solar empowered<br />
e) Water resistant<br />
<br />
23. The ceiling for repatriation of funds from NRE/FCNR accounts is:<br />
a) Rs.2 lakhs<br />
b) Rs.5 lakhs<br />
c) Rs.10 lakhs<br />
d) No ceiling<br />
e) None of the above<br />
<br />
24. Some banks are financing big projects like construction of roads, bridges etc. Financing<br />
such projects means banks are helping exactly in:<br />
a) Infrastructural Development<br />
b) Project Management<br />
c) Developing core sector Industry<br />
d) Financial Inclusion<br />
e) All of the above<br />
<br />
25. Debentures are governed by____<br />
a) Law of Contract<br />
b) BR Act<br />
c) Company Law<br />
d) Banking Regulation Act<br />
e) None of the above<br />
<br />
26. The maturity period of CDs (Certificate of Deposit) issued by banks should not be less than ____ and not more than _____, from the date of issue.<br />
a) 7 days, 6 months<br />
b) 7 days, 1 year<br />
c) 15 days, 6 months<br />
d) 15 days, 1 year<br />
e) 90 days, 180 days<br />
<br />
27. The Main activity of the Financial Intelligence Unit India (FIU-IND) is to control:<br />
a) Tax Evasion<br />
b) Money Laundering<br />
c) Terrorism<br />
d) Avoiding NPAs<br />
e) Avoiding frauds in ATMs<br />
<br />
28. Infusion of liquidity, by RBI, is done through _____ from / to banks under a _____ transaction.<br />
a) borrowing, repo<br />
b) borrowing, reverse repo<br />
c) lending, repo<br />
d) lending, reverse repo<br />
e) None of the above<br />
<br />
29. Crossing a cheque is a direction to the:<br />
a) Drawer<br />
b) Payee<br />
c) Paying Banker<br />
d) Clearing House<br />
e) Collecting banker<br />
<br />
30. The minimum amount for which a CD (Certificate of Deposit) can be issued is:<br />
a) Rs. 1 lakh<br />
b) Rs. 2 lakh<br />
c) Rs. 5 lakh<br />
d) Rs. 10 lakh<br />
e) Rs. 20 lakh<br />
<br />
31. A rate of exchange established between any two currencies on the basis of the respective quotation<br />
of each currency in terms of a third currency is known as:<br />
a) Cross rate<br />
b) Merchant rate<br />
c) Wash rate<br />
d) Composite rate<br />
e) None of the above<br />
<br />
32. CIBIL as a credit bureau caters to:<br />
a) Consumer segments<br />
b) Commercial segments<br />
c) Both commercial and consumer segments<br />
d) Nationalized Banks only<br />
e) Private Banks only<br />
<br />
33. Kishore Biyani-led Future Group agreed to merge its retail business stock deal worth Rs. 750<br />
crore to create one of the biggest supermarket chains with Rs. 15,000 crore turnover with which of the following organizations?<br />
a) V-Mart Retail<br />
b) Shoppers Stop<br />
c) Bharti Retail<br />
d) Koutons Retail India<br />
e) None of the above<br />
<br />
<b><span style="color: red; font-size: large;">ANSWERS</span></b><br />
1) b 2) b 3) b 4) b 5) d 6) d 7) d 8) b 9) e 10) a<br />
11) c 12) b 13) b 14) c 15) e 16) c 17) c 18) a 19) e 20) a<br />
21) d 22) c 23) d 24) a 25) c 26) b 27) b 28) c 29) c 30) a<br />
31) a 32) c 33) c</div>
Anonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.com0tag:blogger.com,1999:blog-5464198532928496374.post-67461937526497569162015-05-17T10:23:00.002+05:302015-05-17T10:23:41.726+05:30Primary and Secondary Functions of Commercial Banks<div dir="ltr" style="text-align: left;" trbidi="on">
A commercial bank is a type of bank that provides services such as accepting deposits, making business loans, and offering basic investment products. On day to day functioning it discharge many functions broadly classified as Primary and Secondary Functions mentioned below.<br />
<b>I. Primary Functions</b><br />
1) Accepting Deposits<br />
2) Advancing Loans<br />
<b>II. Secondary Functions</b><br />
1) Overdraft Facility<br />
2) Discounting Bills of Exchange<br />
3) Agency Functions<br />
4) General Utility Functions<br />
<br />
<span style="color: red; font-size: large;"><b>Primary Functions</b></span><br />
<b><span style="color: blue;">1. Accepting Deposits:</span></b><br />
It is one of the most important function of commercial banks. The commercial banks accept the deposits at lower rates and provide the loans. They accept deposits in several forms according to requirements of different sections of the society.<br />
<b> The main kinds of deposits are:</b><br />
<b>i) Current Account Deposits or Demand Deposits: </b><br />
These deposits refer to those deposits which are repayable by the banks on demand.<br />
★ Such deposits are generally maintained by businessmen with the intention of making transactions with such deposits. The business men usually deposit from their excess cash balances and withdraw when they need.<br />
★ They can be drawn upon by a cheque without any restriction.<br />
★ Banks do not pay any interest on these accounts. Rather, banks impose service charges for running these accounts.<br />
<b>ii) Fixed Deposits or Time Deposits: </b><br />
Fixed deposits refer to those deposits, in which the amount is deposited with the bank for a fixed period of time.<br />
★ Such deposits do not enjoy cheque-able facility.<br />
★ These deposits carry a high rate of interest.<br />
<b>iii) Saving Deposits: </b><br />
These deposits combine features of both current account deposits and fixed deposits.<br />
★ The depositors are given cheque facility to withdraw money from their account. But, some restrictions are imposed on number and amount of withdrawals, in order to discourage frequent use of saving deposits.<br />
★ They carry a rate of interest which is less than interest rate on fixed deposits. It must be noted that Current Account deposits and saving deposits are chequable deposits, whereas, fixed deposit is a non-chequable deposit.<br />
<b><span style="color: blue;">2. Advancing of Loans:</span></b><br />
The deposits received by banks are not allowed to remain idle. So, after keeping certain cash reserves, the balance is given to needy borrowers and interest is charged from them, which is the main source of income for these banks.<br />
<b> Different types of loans and advances made by Commercial banks are:</b><br />
i) Cash Credit: The Cash credit refers to a loan given to the borrower against his current assets like shares, stocks, bonds, etc. A credit limit is sanctioned and the amount is credited in his account. The borrower may withdraw any amount within his credit limit and interest is charged on the amount actually withdrawn.<br />
ii) Demand Loans: Demand loans refer to those loans which can be recalled on demand by the bank at any time. The entire sum of demand loan is credited to the account and interest is payable on the entire sum.<br />
iii) Short-term Loans: They are given as personal loans against some collateral security. The money is credited to the account of borrower and the borrower can withdraw money from his account and interest is payable on the entire sum of loan granted.<br />
<br />
<b><span style="color: red; font-size: large;">Secondary Functions</span></b><br />
<b>1. Overdraft Facility: </b><br />
It refers to a facility in which a customer is allowed to overdraw his current account up to an agreed limit. This facility is generally given to respectable and reliable customers for a short period. Customers have to pay interest to the bank on the amount overdrawn by them.<br />
<b>2. Discounting Bills of Exchange: </b><br />
It refers to a facility in which holder of a bill of exchange can get the bill discounted with bank before<br />
the maturity. After deducting the commission, bank pays the balance to the holder. On maturity, bank gets its payment from the party which had accepted the bill.<br />
<b>3. Agency Functions: </b><br />
Commercial banks also perform certain agency functions for their customers. For these services, banks charge some commission from their clients.<br />
<b> Some of the agency functions are:</b><br />
<b>i) Transfer of Funds: </b><br />
Banks provide the facility of economical and easy remittance of funds from place-to-place with the help of instruments like demand drafts, mail transfers, etc.<br />
<b>ii) Collection and Payment of Various Bill Payments: </b><br />
Commercial banks collect cheques, bills, interest, dividends, subscriptions, rents and other periodical receipts on behalf of their customers and also make payments of taxes, insurance premium, etc. on standing instructions of their clients.<br />
<b>iii) Purchase and Sale of Foreign Exchange:</b><br />
Some commercial banks are authorized by the central bank to deal in foreign exchange. They buy and sell foreign exchange on behalf of their customers and help in promoting international trade.<br />
<b>iv) Purchase and Sale of Securities:</b><br />
Commercial banks buy and sell stocks and shares of private companies as well as government securities on behalf of their customers.<br />
<b>v) Income Tax Consultancy:</b><br />
They also give advice to their customers on matters relating to income tax and even prepare their income<br />
tax returns.<br />
<b>vi) Trustee and Executor: </b><br />
Commercial banks preserve the wills of their customers as trustees and execute them after their death as executors.<br />
<b>4. General Utility Functions: </b><br />
Commercial banks render some general utility services like:<br />
<b>i) Locker Facility: </b><br />
Commercial banks provide facility of safety vaults or lockers to keep valuable articles of customers in safe custody.<br />
<b>ii) Traveller's Cheques: </b><br />
Commercial banks issue traveler's cheques to their customers to avoid risk of taking cash during their journey.<br />
<b>iii) Letter of Credit: </b><br />
Commercial banks issue letters of credit to their customers to certify their creditworthiness.<br />
<b>iv) Underwriting Securities: </b><br />
Commercial banks also undertake the task of underwriting securities. As public has full faith in the creditworthiness of banks, public do not hesitate in buying the securities underwritten by banks.<br />
<b>v) Collection of Statistics: </b><br />
Banks collect and publish statistics relating to trade, commerce and industry. Hence, they advice customers on financial matters. Commercial banks receive deposits from the public and use these deposits to give loans. However, loans offered are many times more than the deposits received by banks. This function of banks is known as 'Money Creation'.</div>
Anonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.com1tag:blogger.com,1999:blog-5464198532928496374.post-4735871467936922972015-02-15T12:15:00.003+05:302015-02-15T12:15:43.257+05:30Banking Terms<div dir="ltr" style="text-align: left;" trbidi="on">
<h1 class="innerHeadings" style="background-color: white; border-radius: 0px !important; font-family: Georgia, 'Times New Roman', Times, serif; font-size: 20px; line-height: 24px; list-style: none outside none; margin: 0px; padding: 0px;">
Banking Book</h1>
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The banking book comprises assets and liabilities, which are contracted basically on account of relationship or for steady income and statutory obligations and are generally held till maturity.</div>
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These securities are accounted for in a different way than those in the trading book, which are traded on the market and valued by the performance of the market.</div>
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In other words, an accounting book that includes all securities that are not actively traded by the institution, that are meant to be held until they mature.</div>
</div>
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Bank Rate</h1>
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The Bank Rate (BR) has been defined in See 49 of RBI Act 1934 as the 'standard rate at which RBI is prepared to buy or rediscount bills of exchange or other commercial papers eligible for purchase under this act'. The RBI uses its lending power to banks (a) to influence their credit allocation and (b) to develop a genuine bill market in India.</div>
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Also, it is called an official interest rate at which the central bank rediscounts the approved bills held by a commercial bank. If the central bank wishes to control credit and inflation, it will increase the bank rate.</div>
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CBS</h1>
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<ul style="background-color: white; border-radius: 0px !important; font-family: Arial, Helvetica, sans-serif; font-size: 12px; list-style: none outside none; margin: 0px; padding: 0px; text-align: justify;">
<li style="border-radius: 0px !important; font-size: 14px; line-height: 24px; list-style: inside url(http://www.jagranjosh.com/Resources/images/article_bullet.gif); margin: 7px 0px 0px 15px; padding: 0px;">CBS stands for Core Banking Solutions.</li>
<li style="border-radius: 0px !important; font-size: 14px; line-height: 24px; list-style: inside url(http://www.jagranjosh.com/Resources/images/article_bullet.gif); margin: 7px 0px 0px 15px; padding: 0px;">Core or centralized banking solution is a heart of banking system</li>
<li style="border-radius: 0px !important; font-size: 14px; line-height: 24px; list-style: inside url(http://www.jagranjosh.com/Resources/images/article_bullet.gif); margin: 7px 0px 0px 15px; padding: 0px;">This is a process by which a bank has interconnect their maximum branches through wide area network and only this system provide a facility of any branch or any time banking.</li>
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ICOR</h1>
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ICOR stands for Incremental Capital Output Ratio.</div>
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ICOR is the Ratio of investment to growth which equals to one, divided by the marginal product of Capital. The higher the ICOR indicates lower the productivity of capital and lower the ICOR reflects high productivity of Capital. ICOR is the topic or instrument by which the Economic growth rate of company decided.</div>
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ICOR is calculated as:</div>
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<strong style="border-radius: 0px !important;">ICOR</strong> = Annual Investment/Annual Increase in GDP</div>
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Global Depository Receipt (GDR)</h1>
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<span style="background-color: white; font-family: Muli, Arial, Helvetica, sans-serif; font-size: 14px; line-height: 24px;">Global Depository Receipt is a bank certificate issued in more than one country for shares in a foreign company. These shares are held by a foreign branch of an International bank. These shares are trades as domestic shares but are offered for sale globally through the various bank branches. A GDR is a very similar to an American Depository Receipt.</span></div>
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Automatic Stabilizer</h1>
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Automatic Stabilizer is program that enhances and diminishes automatically for equalizing current economic trends without assistance of government. The best example for automatic stabilizer is unemployment insurance as it automatically replaces the lost income for people who have lost their jobs.</div>
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Also, Automatic Stabilizers are features of the tax and transfer systems that tend by their design to offset fluctuations in economic activity without direct intervention by policymakers.</div>
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Selective Credit Control</h1>
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Selective Credit Control (SCC) refers to the directives issued by RBI u/s 21 of Banking Regulation Act 1949 to regulate flow of bank credit against security of sensitive/selected commodities. With a view to prevent speculative holding of essential commodities with the help of bank credit, RBI issues from time to time, directive covering the margin requirements and the level and quantum of accommodation that could be granted against the SCC items.</div>
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Selective controls are designed to check the conduct of lenders only, they also influence the attitude of the borrowers, by prescribing the terms on which certain kinds of loans may be made.</div>
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Anonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.com2tag:blogger.com,1999:blog-5464198532928496374.post-2877135735510281052015-01-25T20:09:00.002+05:302015-01-25T20:09:53.410+05:30BANKING AWARENESS PRACTICE QUESTIONS<div dir="ltr" style="text-align: left;" trbidi="on">
1. A draft issued by the bank has been lost by the payee. He sends a letter to the issuing bank to stop payment. Bank will:<br />
a) Note caution and will advice the payee to contact purchaser of the draft<br />
b) Not act on the request<br />
c) Stop payment<br />
d) Performs no action<br />
e) None of the above<br />
<br />
2. Mutual funds are required to be registered with:<br />
a) AMFI<br />
b) SEBI<br />
c) IBA<br />
d) RBI<br />
e) NABARD<br />
<br />
3. What is Yield Curve Risk?<br />
a) It is a line of graph plotting the yield of all maturities of a particular instrument<br />
b) Yield curve changes its slope and shape from time to time<br />
c) Yield curve can be twisted to the desired direction through the intervention of RBI<br />
d) All of the above<br />
e) None of the above<br />
<br />
4. The biggest international financial centre in the world:<br />
a) Frankfurt<br />
b) Geneva<br />
c) London<br />
d) New York<br />
e) Paris<br />
<br />
5. The expansion of BIFR, in the context of the Indian Industry is:<br />
a) Board for Industrial and Financial Reconstruction<br />
b) Bureau for Industrial and Financial Reconstruction<br />
c) Board for Investment and Financial Reconstruction<br />
d) Bureau for Investment and Financial Reconstruction<br />
e) None of these<br />
<br />
6. The largest financial conglomerate of India is:<br />
a) HDFC Bank<br />
b) ICICI Bank<br />
c) IFCI<br />
d) SBI<br />
e) None of these<br />
<br />
7. Under which of the following methods of depreciation, amount of depreciation varies every<br />
year?<br />
a) Written Down Value Method<br />
b) Straight Line Method<br />
c) Amount of depreciation does not vary on year to year basis<br />
d) Either a or b<br />
e) None of these<br />
<br />
8. Usually, the validity period of an Income Tax Refund Order is:<br />
a) 1 month<br />
b) 2 months<br />
c) 3 months<br />
d) 6 months<br />
e) 4 months<br />
<br />
9. Which of the following is true about "White Card"?<br />
a) It is related to companies producing milk products<br />
b) It does not carry on its face, the brand of the issuer<br />
c) It is meant to covert blank money into the economy<br />
d) It is a card that provides white money<br />
e) None of these<br />
<br />
10. First bank in India to launch its interactive banking service through Dish TV:<br />
a) HSBC<br />
b) ICICI Bank<br />
c) HDFC Bank<br />
d) Axis Bank<br />
e) None of these<br />
<br />
11. First Indian Governor of the RBI:<br />
a) C.D. Deshmukh<br />
b) Sachindra Ray<br />
c) S. Mukherjee<br />
d) D.I.G. Patel<br />
e) None of the above<br />
<br />
12. CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) has been set up on<br />
the recommendations of:<br />
a) Narashimham Committee<br />
b) Ghosh Committee<br />
c) Chore Committee<br />
d) Kapoor Committee<br />
e) Krishna Committee<br />
<br />
13. The primary relationship between the banker and the customer is that of:<br />
a) Trustee and beneficiary<br />
b) Debtor and Creditor<br />
c) Principal and agent<br />
d) Lesser and lessee<br />
e) None of these<br />
<br />
14. A debt becomes time-barred after:<br />
a) One year<br />
b) Two and a half year<br />
c) Three years<br />
d) Five years<br />
e) Six years<br />
<br />
15. In the matter of handling bills of exchange for collection, the relationship between customer and<br />
the bank is:<br />
a) Trustee and the beneficiary<br />
b) Principal and agent<br />
c) Bailor and bailee<br />
d) All of the above<br />
e) None of the above<br />
<br />
16. Hypothecation is:<br />
a) A transaction of conditional sale<br />
b) A legal transaction whereby goods may be made available as security for a debt<br />
c) Transfer of ownership by the borrower to the lender<br />
d) Either a or b<br />
e) None of the above<br />
<br />
17. Payment of a cheque may be countermanded by the ___<br />
a) Payee<br />
b) Drawer<br />
c) True owner<br />
d) Drawee<br />
e) None of these<br />
<br />
18. J.S. Verma Committee Report relates to:<br />
a) Strengthening of weak banks<br />
b) Corporate Governance<br />
c) Bank Mechanization<br />
d) All of the above<br />
e) None of the above<br />
<br />
19. AUsance Bill when presented for acceptance has to be accepted/ dishonoured within:<br />
a) 24 hours<br />
b) 36 hours<br />
c) 48 hours<br />
d) 60 hours<br />
e) 26 hours<br />
<br />
20. Invoice is a:<br />
a) Accounting document<br />
b) Legal document<br />
c) Commercial document<br />
d) All of the above<br />
e) None of the above<br />
<br />
21. When does a person become insolvent?<br />
a) When he left with no property of his own<br />
b) When he declares an insolvent by the Court<br />
c) When he terminates from a job he was holding<br />
d) When he declares himself to be an insolvent<br />
e) None of the above<br />
<br />
22. When two parties make an arrangement to exchange future cash flows, it is called:<br />
a) Options<br />
b) Arbitrage<br />
c) Swap<br />
d) Futures<br />
e) None of the above<br />
<br />
23. Which of the following banks enjoys the reputation of being at the top in market capitalization among all the private banks?<br />
a) ICICI Bank<br />
b) HDFC Bank<br />
c) Axis Bank<br />
d) Yes Bank<br />
e) IDBI Bank<br />
<br />
24. "Claused Bill of Landing" is one which indicates:<br />
a) Remaining constant in project cost<br />
b) Escalation in Project Cost<br />
c) Decrease in Project Cost<br />
d) All of the above<br />
e) None of the above<br />
<br />
<b><span style="color: magenta; font-size: large;">Answers:</span></b><br />
1) a 2) b 3) d 4) c 5) a 6) d 7) a 8) c 9) b 10) c<br />
11) a 12) d 13) b 14) c 15) b 16) b 17) b 18) a 19) c 20) c<br />
21) b 22) c 23) b 24) b</div>
Anonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.com0tag:blogger.com,1999:blog-5464198532928496374.post-61094169718759665432015-01-25T19:59:00.001+05:302015-01-25T19:59:10.977+05:30Banking related developments during the year 2014<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: left;">
Kerala became first state with bank accounts for all families.<br /><br /> Federal Bank bagged CNBC TV18 Financial Inclusion Award.<br /><br /> ICICI Bank customer can recharge Delhi Metro cards with SMS.<br /><br /> Yes bank has recently launched 'Saaf suthra Bharat' campaign in Sri Nagar. The bank successfully launched this campaign contributing to the Swachch bharat abhiyan.<br /><br /> Axis Bank launches ''smart selfservice terminal'' that enables the customers to deposit as well as withdraw cash from the same machine.<br /><br /> Private sector Indus Ind Bank has launched video-branch, claiming to be a first-of-its-kind service; enabling customers interact with the staff of the bank through video conference facility.<br /><br /> ICICI bank has launched a new mobile named iMobile app for its windows phone customers.<br /><br /> The Reserve Bank of India has cancelled the certificate of registration of NBFCs (Siber Financial Services Private Limited, Sri Vishnu Finance & Investment Private Limited, Margdarsi Investment<br />and Leasing Company Private Limited.) for carrying on the business of non-banking financial institution.<br /><br /> CSR was made 2% compulsory through Companies Act 2013. RBI further simplifies KYC Norms regarding bank accounts as "One Documentary Proof of<br />Address is enough to open bank account".<br /><br /> Domestic banks will need US $200 billion additional capital over the next five years to meet Basel<br />- III norms for capital adequacy and the demand for funds as growth picks up, Fitch Ratings.<br /><br /> State bank of India has tied up with Bangalore-based mobile payments service provider Ezetap Mobile Solutions Pvt. Ltd. in association with Ezetap the bank has planned to roll out "ATM cum POS terminals".<br /><br /> Kotak Mahindra bank has introduced ''Kaypay payment system''. This allows the face book users to send money to each other.<br /><br /> Insurance Regulatory and Development Authority (IRDA) aligned it's corporate governance<br />and disclosure norms in accordance with the new Companies Act, 2013, through a 12-member<br />committee.<br /><br /> Non-Scheduled UCBs are permitted to "Internet Banking (View Only) Facility" for Customers.<br /><br /> Bank of India got approval to open branch in Vietnam.<br /><br /> As per the new guidelines of the Reserve Bank of India (RBI), banks in six metros - New Delhi,<br />Mumbai, Chennai, Kolkata, Hyderabad and Bangalore - are free to charge other bank customers<br />beyond 3 ATM transactions per month. Banks have also been allowed to restrict free<br />transactions to 5 for customers at it's own ATM network.<br /><br /> HDFC became first listed Indian company to have 75% shareholding by FIIs.<br /><br /> S&P (Standard and Poor) downgraded credit rating of Indian Overseas Bank to speculative grade.<br /><br /> FDI limits allowed - Public Sector Banks: 20%. Private Sector Banks: 74%.<br /><br /> Kotak Mahindra bank to acquire ING Vysya Bank.<br /><br /> RBI allows FIIs to buy equity in Yes Bank.<br /><br /> Exim Bank to set up Rs. 1,500 crore funds to assist ship-building industry. To give a boost to ship building in the country, the Export-Import Bank of India (Exim Bank) is planning to set PMJDY scheme, was announced in Modi's first Independence Day speech on 15 August 2014.</div>
</div>
Anonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.com0tag:blogger.com,1999:blog-5464198532928496374.post-35225962651851518932014-12-28T17:33:00.001+05:302014-12-28T17:33:18.398+05:30BANKING AWARENESS PRACTICE QUESTIONS<div dir="ltr" style="text-align: left;" trbidi="on">
1. Who among the following is the primary regulator of Banking business?<br />
a) Reserve Bank of India<br />
b) Central Government<br />
c) State Government<br />
d) Parliament<br />
e) a and b both the above<br />
<br />
2. The main business of banks is to accept deposits from the public. However, a bank can refuse to<br />
permit opening an account on behalf of _______:<br />
a) Undesirable persons<br />
b) Artificial persons<br />
c) Arrested persons<br />
d) Convicted persons<br />
e) All of the above<br />
<br />
3. Banks are required to monitor transactions of suspicious nature for reporting to the authorities under anti- money laundering measures. The purpose of reporting is:<br />
a) Combating finance of terrorism<br />
b) To check hawala transactions<br />
c) To check the inflow of crime money<br />
d) To check inflow of the money earned out of sale of narcotics<br />
e) All the above<br />
<br />
4. Acceptance of deposits by non - banking financial companies is regulated by RBI under:<br />
a) Non - banking financial companies acceptance of public deposits (Revenue Bank) directions 1998<br />
b) Non - banking financial companies acceptance of government deposits (Revenue Bank) directions, 1998<br />
c) Non - banking financial companies acceptance of public deposits (Revenue Bank) directions, 1998<br />
d) Non- banking financial companies acceptance of deposits money lenders (Revenue<br />
Bank) directions, 1998<br />
e) None of the above<br />
<br />
5. If a company, which is not a non - banking financial company wants to collect public deposits, it is governed by ___ Act:<br />
a) RBI Act 1934<br />
b) Banking companies Act<br />
c) Companies Act 1956<br />
d) Central Government<br />
e) None of the above<br />
<br />
6. Companies whose main business is not financing or lending are permitted to accept deposits under section 45(s) of RBI Act only from:<br />
a) Public<br />
b) Relatives in the from of loans<br />
c) Friends<br />
d) All of the above<br />
e) None<br />
<br />
7. Every Banking company is required to use the word Bank in its name and no company other than a Banking company can use the words Bank, Banker or Banking as a part of its name as per:<br />
a) Section 7 of Banking Regulation Act<br />
b) Section 7 of RBI Act<br />
c) Section 7 of SEBI Act<br />
d) Section 7 of Nationalization Act<br />
e) None of the above<br />
<br />
8. In India, it is necessary to have license from the RBI for opening a new branch. This is a requirement under ____ Act<br />
a) Section 22 of banking Regulation Act<br />
b) Section 22 of RBI Act<br />
c) Section 22 of NABARD<br />
d) KYC Guidelines by RBI<br />
e) a and b above<br />
<br />
9. Section 6(A) of B.R. Act has given the list of ancillary services which can be rendered by a Bank under the Banking Regulation Act. in the event that a Bank wants to undertake any other services (other than the list):<br />
a) the bank can seek authority from the RBI<br />
b) Board of directors of that Bank can decide the business suitable to the bank<br />
c) it can be decided by the Bank in the shareholders meeting<br />
d) Bank can do so if that business is notified by the Central Government as the lawful business of a Banking company<br />
e) None of the above<br />
<br />
10. Banking Companies are prohibited under Sec 8 of banking Regulation Act to sell and purchase<br />
securities. Yet Banks are selling securities (of the customer) which are under pledge as permitted by:<br />
a) Indian Contract Act<br />
b) SARFAESI Act<br />
c) Government Notification<br />
d) Banking Regulation Act<br />
e) None of these<br />
<br />
11. Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any<br />
immovable property except for its own use for a period of not more property. The RBI may extend this period for a further period of ______:<br />
a) 2 years<br />
b) 4 years<br />
c) 5 years<br />
d) 6 years<br />
e) None of the above<br />
<br />
12. Which of the following stock exchange is derecognized by SEBI on 19.11.2014 on the allegations of serious irregularities in its functioning?<br />
a) Bombay Stock Exchange<br />
b) Delhi Stock Exchange<br />
c) Calcutta Stock Exchange<br />
d) Bangalore Stock Exchange<br />
e) None of the above<br />
<br />
13. Which of the following is not a function of General Insurance?<br />
a) Cattle Insurance<br />
b) Crop Insurance<br />
c) Marine Insurance<br />
d) Fire Insurance<br />
e) Medical Insurance<br />
<br />
14. Liability- side of the balance-sheet comprises:<br />
a) Capital and reserve<br />
b) Long-term liabilities<br />
c) Current liabilities<br />
d) All of the above<br />
e) None of the above<br />
<br />
15. Minimum cash reserves fixed by law constitute ___<br />
a) A percentage of aggregate deposits of the bank<br />
b) A percentage of aggregate loans and advances of the bank<br />
c) A percentage of capital & reserves of the bank<br />
d) All of the above<br />
e) None of these<br />
<br />
16. Which of the following organizations/ agencies has sought an emergency fund of Rs.1000 crore<br />
from banks to tackle acute liquidity crisis, which is coming in the way to give loans to micro borrowers?<br />
a) Regional Rural & Cooperative Banks<br />
b) RBI<br />
c) Micro Finance Institutions<br />
d) NABARD<br />
e) None of the above<br />
<br />
17. Which of the following types of accounts are known as "Demat Accounts"?<br />
a) Zero Balance Accounts<br />
b) Accounts which are opened to facilitate repayment of a loan taken from the bank. No<br />
other business can be conducted from there<br />
c) Accounts in which shares of various companies are traded in electronic form<br />
d) Accounts which are operated through internet banking facility<br />
e) None of the above<br />
<br />
18. Mortgage is a:<br />
a) Security on movable property for a loan<br />
b) Security on immovable property for a loan<br />
c) Concession on immovable property<br />
d) Facility on immovable property<br />
e) Security on loan sanctioned against fixed deposits<br />
<br />
19. ___ assumed charge as the Minister of State for Micro, Small & Medium Enterprises (MSME) on 11th November 2014.<br />
a) Gopal Singh<br />
b) Veerabhadra Singh<br />
c) Manoj Tiwari<br />
d) Giriraj Singh<br />
e) Raju Bhai Gandhi<br />
<br />
20. Identify the well known person related to Banking field in India from the following?<br />
a) Mrs. Meira Kumar<br />
b) Mrs. Kiran Shaw<br />
c) Mr. Arun Jaitley<br />
d) Dr. D subbarao<br />
e) All of the above<br />
<br />
21. Currency notes deposited in the currency chest are the property of ____?<br />
a) Respective bank<br />
b) RBI<br />
c) SBI<br />
d) Government of India<br />
e) Respective state Government<br />
<br />
22. A fixed deposit receipt is kept with the bank for its safety, is known as ___?<br />
a) Safe custody<br />
b) Safe deposit<br />
c) Locker<br />
d) Valid safe deposit<br />
e) None of the above<br />
<br />
<br />
<b><span style="color: red; font-size: large;">ANSWERS:</span></b><br />
1) a 2) a 3) e 4) a 5) c 6) b 7) a 8) a 9) d 10) d 11) c,<br />
12) b; 13) e; 14) d; 15) a; 16) d; 17) c; 18) b; 19) d; 20) d; 21) b; 22) a.</div>
Anonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.com1tag:blogger.com,1999:blog-5464198532928496374.post-5552481779959295202014-12-28T17:26:00.001+05:302014-12-28T17:26:44.963+05:30Indian Financial System<div dir="ltr" style="text-align: left;" trbidi="on">
The economic development of a nation is reflected by the progress of the various economic units, broadly classified into corporate sector, government and household sector. While performing their activities these units will be placed in a surplus/deficit/balanced budgetary situations.<br />
There are areas or people with surplus funds and there are those with a deficit. A financial system or financial sector functions as an intermediary and facilitates the flow of funds from the areas of surplus to the areas of deficit. A Financial System is a composition of various institutions, markets, regulations and laws, practices, money manager, analysts, transactions and claims and liabilities. <br />
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The word "system", in the term "financial system", implies a set of complex and closely connected or interlined institutions, agents, practices, markets, transactions, claims, and liabilities in the economy. The financial system is concerned about money, credit and finance-the three terms are intimately related yet are somewhat different from each other. Indian financial system consists of financial market, financial instruments and financial intermediation.<br />
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<span style="color: red; font-size: large;"><b>Financial Markets</b></span><br />
A Financial Market can be defined as the market in which financial assets are created or transferred. As against a real transaction that involves exchange of money for real goods or services, a financial transaction involves creation or transfer of a financial asset. Financial Assets or Financial Instruments represents a claim to the payment of a sum of money sometime in the future and /or periodic payment in the form of interest or dividend.<br />
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<b><span style="color: blue;">Money Market:</span></b><br />
The money market is a wholesale debt market for lowrisk, highly-liquid, short-term instrument.<br />
Funds are available in this market for periods ranging from a single day up to a year. This market is dominated mostly by government, banks and financial institutions.<br />
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<b><span style="color: blue;">Capital Market:</span></b><br />
The capital market is designed to finance the long-term investments. The transactions taking<br />
place in this market will be for periods over a year.<br />
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<b><span style="color: blue;">Forex Market:</span></b><br />
The Forex market deals with the multicurrency requirements, which are met by the exchange of currencies. Depending on the exchange rate that is applicable, the transfer of funds takes place in this market. This is one of the most developed and integrated market across the globe.<br />
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<b><span style="color: blue;">Credit Market:</span></b><br />
Credit market is a place where banks, FIs and NBFCs purvey short, medium and long-term loans to corporate and individuals.<br />
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<b><span style="color: red; font-size: large;">Financial Intermediation:</span></b><br />
Having designed the instrument, the issuer should then ensure that these financial assets reach the ultimate investor in order to garner the requisite amount. When the borrower of funds approaches the financial market to raise funds, mere issue of securities will not suffice. Adequate information of the issue, issuer and the security should be passed on to take place. There should be a proper channel within the financial system to ensure such transfer. To serve this purpose, financial intermediaries came into existence. Financial intermediation in the organized sector is conducted by a wide range of institutions functioning under the overall surveillance of the Reserve Bank of India. In the initial stages, the role of the intermediary was mostly related to ensure transfer of funds from the lender to the borrower. This service was offered by banks, FIs, brokers, and dealers. However, as the financial system widened along with the developments taking place in the financial markets, the scope of its operations also widened. Some of the important intermediaries operating ink the financial markets include; investment bankers, underwriters, stock exchanges, registrars, depositories, custodians, portfolio managers, mutual funds, financial advertisers financial consultants, primary dealers, satellite dealers, self regulatory organizations, etc. Though the markets are different, there may be a few intermediaries offering their services in move than one market e.g. underwriter. However, the services offered by them vary from one market to another.<br />
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Anonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.com0tag:blogger.com,1999:blog-5464198532928496374.post-60739054974960293562014-12-23T08:52:00.002+05:302014-12-23T08:52:30.624+05:30EVOLUTION OF BANKING<div style="background-color: white; box-sizing: border-box; font-family: Arial, Helvetica, sans-serif;">
Banking, in the present form might have evolved during the 17th century. Kautilya, in his ‘Arthashastra’ written in about 300 B.C., has also mentioned about the existence of powerful guilds of merchant bankers who received deposits, and advanced loans and issued hundis (letters of transfer). In the modern times, an experienced Scottish goldsmith, William Paterson, is credited with the idea of setting up a national bank in Britain in 1688, which gave birth to the Bank of England. The modern day banking, in its simplest form, is meant to facilitate financial intermediation between the savers and the borrowers. It also seeks to act as a safe place to store money and earn some return in the process, as also a place to seek simple financial solutions to individual problems.<br style="box-sizing: border-box;" />The advent of technology in modern times has heralded three distinct phases in banking: a) Computerization of back office processes during the 1980s,<br style="box-sizing: border-box;" />b) Facilitating higher customer convenience during the 1990s and<br style="box-sizing: border-box;" />c) Enabling lifestyle/life stage banking during the 2000s<br style="box-sizing: border-box;" />Thus, over time, the banks have witnessed significant changes in their outlook and have emerged as financial supermarkets offering a range of complex financial products and services on a round the clock basis, duly customized to the needs of their customers through multiple delivery channels</div>
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<br style="box-sizing: border-box;" /><span style="bottom: -0.25em; box-sizing: border-box; line-height: 0; position: relative; vertical-align: baseline;"><span style="box-sizing: border-box;"><strong style="box-sizing: border-box;"><span style="font-size: x-large;">RBI</span></strong></span></span></div>
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<span style="font-size: x-large;"><span style="line-height: 0px;"><b><br style="box-sizing: border-box;" /></b></span></span>Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the RBI Act, 1934 (the Act). This marked the culmination of the prolonged efforts, to set up a central bank in the country. The principle of aligning the regulatory structure to the specific needs of the country and for that matter to even go beyond the prevalent wisdom and ethos were distinctly visible at that time itself. Despite the Reserve Bank being constituted as a central bank, it was thought fit to prescribe in the statute itself a development role for the Reserve Bank. Accordingly, the Act has a provision that the Reserve Bank will develop and maintain expertise in agricultural development (later expanded as rural development) and related subjects and thus began the role of the central bank being sensitive to the need of the economy. As such, after independence in the year 1947, the Indian banking industry was brought under the regulatory ambit of the Reserve Bank of India.<br style="box-sizing: border-box;" />1)Banking Companies Act was passed in the year 1949.<br style="box-sizing: border-box;" />2)Later, in March 1966, certain co-operative societies were brought within its fold and this act was renamed as the Banking Regulation Act, 1949 (BR Act). This enactment brought significant powers to the Reserve Bank of India (RBI) over the banks.<br style="box-sizing: border-box;" />Private banks were then on the scene, though the money lenders were the major source of funding. A usurious and exploitative system prevailed Promotional and Developmental role of the Central Bank in India<br style="box-sizing: border-box;" />The basic function of the Reserve Bank, according to the preamble of the Reserve Bank of India Act, is to regulate the issue of Bank notes and the keeping of the reserves with a view to maintaining monetary stability in India and generally to operate the currency and credit system of the country to its advantage.<br style="box-sizing: border-box;" />This function imposes on the Reserve Bank the responsibility for: i. Operating the monetary policy for maintaining price stability and ensuring adequate financial resources for developmental purposes;<br style="box-sizing: border-box;" />ii. Promotion of the efficient financial system; and iii. Meeting the currency requirement of the public.</div>
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<span style="font-size: large;"><br style="box-sizing: border-box;" /><span style="bottom: -0.25em; box-sizing: border-box; line-height: 0; position: relative; vertical-align: baseline;"><span style="box-sizing: border-box;"><strong style="box-sizing: border-box;">Establishment of Specialized Institutions:-</strong></span></span></span></div>
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<span style="font-size: large;"><span style="line-height: 0px;"><b><br style="box-sizing: border-box;" /></b></span></span>1. Reserve Bank established a separate institution, viz., the National Bank for Agricul- ture and Rural Development (NABARD) for provision of medium-term and long-term refinance for agriculture and rural development as also for providing consultative service to the Government and banks and generally coordinate its activities in area of agricultural credit with those of the agencies engaged in purveying such credit.<br style="box-sizing: border-box;" />RBI promoted of Industrial Finance Corpo-ration of India (IFCI), State Financial Corporations, Industrial Development Bank of India (IDBI) and Unit Trust of India (UTI). Reserve Bank promoted the Deposit Insurance and Credit Guarantee Corporation of India Limited (DICGC) for providing insurance and guarantees against the risk of default in payment by the banks or to the banks. Further, the Reserve Bank also helped establish specialized institutions for specific type of financing, like<br style="box-sizing: border-box;" />i. National Housing Bank (NHB) and<br style="box-sizing: border-box;" />ii. Export Import Bank of India (EXIM Bank).<br style="box-sizing: border-box;" />iii. Discount Finance House of India (DFHI) and the Securities Trading Corporation of India (STCI).<br style="box-sizing: border-box;" />iv. Clearing Corporation of India Ltd (CCIL)<br style="box-sizing: border-box;" />v. National Payment Corporation of India Ltd (NPCI).<br style="box-sizing: border-box;" />Expansion of the scope and reach of the Indian banking system:<br style="box-sizing: border-box;" />Even though, up to the late 1960’s the Indian banking system made reasonable progress, there were still many rural and semi-urban areas which were not served by banks. The large industries and the big and established business houses tended to enjoy a major portion of the credit facilities, to the detriment of the priority sectors such as agriculture, small-scale industries and exports. Thus, with the primary objective of achieving efficient distribution of resources in conformity with the requirements of the economy and in order to meet the needs of the priority sectors, the Government decided to introduce social control over banks by amending the banking laws. Accordingly, on July 19, 1969 and April 15, 1980 respectively, 14 and six major Indian scheduled commercial banks in the private sector were nationalised. Social control marked a transitory stage in the evolution of banking policy and in this process; a system of credit planning and the Lead Bank Scheme were operationalized by the Reserve Bank to make the banking system function as an instrument of economic and social development. In conformity with these desired objectives of social control, the banking policy was reoriented in the seventies for securing a progressive reduction in poverty, concentration of economic power and regional disparities in the banking facilities. The promotional aspects of the banking policy came into greater prominence. In this direction, the branch expansion policy was designed, among other things, as a tool for reducing inter-regional disparities in banking development, deployment of credit and urban-rural pattern of credit distribution. Administered interest rate policy emerged as an important instrument for directing the flow of funds and for augmenting the pace of deposit mobilisation. The Reserve Bank opted for selective extension of credit under the Selective Credit Control scheme to those sectors that were accorded priority in conformity with the national objectives. The objective was to correct undue price fluctuations in respect of certain commodities such as food grains and agricultural raw materials arising from speculative activities. The main instruments of Selective Credit Control were a) minimum margins for lending and b) ceilings on the level of credit against stocks of selected commodities to control the quantum of credit given.<br style="box-sizing: border-box;" />The period since 1985 was a process of consolidation which involved, i) comprehensive action plans by banks covering organization, structure, training, house-keeping, customer service, credit management and recovery of bank dues, productivity and profitability,<br style="box-sizing: border-box;" />ii) phased introduction of modern technology in banking operations with emphasis on financial viability by easing some of the policy related constraints on profitability,<br style="box-sizing: border-box;" />iii) strengthening capital base of banks and iv) allowing them flexibility in several areas.<br style="box-sizing: border-box;" />By the end of eighties, the Indian economy had developed an extensive financial superstructure consisting of a vast network of institutions, deploying varied instruments and facilitating the mobilisation and channeling of funds for working capital and production credit purposes as well and for long term investment. The Reserve Bank thus helped promote and nurture a functionally varied and spatially diversified financial system.</div>
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<span style="bottom: -0.25em; box-sizing: border-box; line-height: 0; position: relative; vertical-align: baseline;"><span style="box-sizing: border-box;"><strong style="box-sizing: border-box;"><span style="font-size: x-large;">NABARD</span></strong></span></span></div>
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<span style="bottom: -0.25em; box-sizing: border-box; line-height: 0; position: relative; vertical-align: baseline;"><span style="box-sizing: border-box;"><strong style="box-sizing: border-box;"><span style="font-size: x-large;"><br /></span></strong></span></span></div>
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<span style="line-height: 0px;"><b><br style="box-sizing: border-box;" /></b></span>National Bank for Agriculture and Rural Development (NABARD) was established on 12th July, 1982 under the National Bank for Agriculture and Rural Development Act, 1981 by merging the Agriculture Credit Department and Rural Planning and Credit cell of RBI. It took over the entire functions of the Agriculture Refinance and Develop-ment Corporation (ARDC). NABARD was established with the recommendations of CRAFICARD Committee. Its head office is situated at Mumbai. It planned to open offices through out India. In the beginning the paid up capital of the NABARD was Rs.100 Crores contributed by the Govern-ment of India and RBI jointly. Its authorized capital raised to Rs.1000 Cores. The other funds of NABARD were<br style="box-sizing: border-box;" />a. National Rural Credit (Long Term Operations) Fund <br style="box-sizing: border-box;" />b. National Rural Credit (Establishment ) Fund<br style="box-sizing: border-box;" />c. Funds raised by issue of bonds and deben tures guaranteed by the Central Government <br style="box-sizing: border-box;" />d. Borrowing from RBI, Central Government or any other organisations approved by the Central Government<br style="box-sizing: border-box;" />e. Funds from external sources through the Government<br style="box-sizing: border-box;" /> What are the functions of NABARD?<br style="box-sizing: border-box;" />Ans: 1. Credit functions<br style="box-sizing: border-box;" /> 2. Development functions<br style="box-sizing: border-box;" /> 3. Regulatory functions</div>
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<br style="box-sizing: border-box;" /><strong style="box-sizing: border-box;"><span style="font-size: large;">Credit functions:</span></strong><br style="box-sizing: border-box;" />NABARD is an apex development bank for agriculture and rural development. It has been established for providing credit for the promotion of agriculture small scale industries, cottage and village industries, handicrafts and the rural crafts and other allied economic activities in rural areas with a view to promote integrated rural development and securing prosperity in rural areas. It also provides refinance facilities to commercial banks, RRBs, Co-operative banks, Land Development Banks and other financial institutions. It also provides refinance for loans granted under IRDP scheme. Basis of refinance by the NABARD is the percentage of recovery during previous year. <br style="box-sizing: border-box;" />Development functions: NABARD also undertakes the functions of co-ordination of various institutions in this area, acting as an agent to the Government and RBI, providing training and research facilities and development of expertise in the field.<br style="box-sizing: border-box;" />Regulatory functions: The Banking Regu- lation Act, 1949 authorises NABARD to inspect RRBs and Co-operative banks (other than primary co-operative banks). These banks file returns to NABARD and also obtain recommendations from NABARD in case of opening of new branches.<br style="box-sizing: border-box;" />NABARD is managed by a Board of Direct- ors consisting of<br style="box-sizing: border-box;" />i. Chairman<br style="box-sizing: border-box;" />ii. Directors nominated by RBI, Government of India, State Governments<br style="box-sizing: border-box;" />iii. Experts from Commercial and<br style="box-sizing: border-box;" /> Cooperative Banks<br style="box-sizing: border-box;" />iv. Experts in Rural economics</div>
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<span style="font-size: large;"><b>Practice Questions:</b></span><br style="box-sizing: border-box;" />1. In ‘Hit and Run’ cases, insurance claims are settled from _______<br style="box-sizing: border-box;" />A: Solatium Fund</div>
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2. Expanded form of FPA as used in insurance _________<br style="box-sizing: border-box;" />A: Free of Particular Average</div>
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4. Expanded form of ALOP used in insurance<br style="box-sizing: border-box;" />A: Advance Loss of Profits insurance</div>
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5. Which term matches closest with ‘Professional indemnity cover’?<br style="box-sizing: border-box;" />A: Practicing Surgeons</div>
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6. Which of the following terms matches closest with ‘Composite Policy’?<br style="box-sizing: border-box;" />A: Shopkeepers’ insurance</div>
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7. Members of the Insurance Advisory Committee are drawn to represent the interests of different groups like:<br style="box-sizing: border-box;" />A: Surveyors, agents, advocates</div>
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8. An Insurance Surveyor’s role includes<br style="box-sizing: border-box;" />A: Reporting major losses to IRDA.</div>
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9. Which type of insurances is dissimilar to the other four options?<br style="box-sizing: border-box;" />A: Builders’ Risks insurance</div>
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10. On a certain angle, the security thread on a rupee note changes to __<br style="box-sizing: border-box;" />A: Blue</div>
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11. Who is popularly known as Lok Nayak?<br style="box-sizing: border-box;" />A: Jayaprakash Narayan</div>
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12. HDFC Standard Life is a ___<br style="box-sizing: border-box;" />A: Life Insurance Company</div>
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13. Expand MICR ?<br style="box-sizing: border-box;" />A: Magnetic Ink Character Recognition</div>
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14. Shanti Swaroop Bhatnagar Award is given in the field of___<br style="box-sizing: border-box;" />A: Science & Technology</div>
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15. Least Female Literacy Rate is in ____<br style="box-sizing: border-box;" />A: Rajasthan (52.6%)</div>
Anonymoushttp://www.blogger.com/profile/05504201217926400117noreply@blogger.com0tag:blogger.com,1999:blog-5464198532928496374.post-67338055285306225182014-12-23T08:49:00.003+05:302014-12-23T08:49:30.266+05:30General Awareness Practice Questions<div style="background-color: white; box-sizing: border-box; font-family: Arial, Helvetica, sans-serif;">
1. What is the full form of IFSC ?<br style="box-sizing: border-box;" />A: Indian Financial System code</div>
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2. Commercial Paper can be issued for a maximum period of ?<br style="box-sizing: border-box;" />A: 365 days</div>
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3. The Mutual funds in India follow accounting standards laid by ?<br style="box-sizing: border-box;" />A: SEBI</div>
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4. SBI launched minor a/c for children above 10 years named as ?<br style="box-sizing: border-box;" />A: PehliUdaan</div>
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5. Who is the winner of Man BookerPrize 2014 ?<br style="box-sizing: border-box;" />A: Richard Flanagan</div>
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6. Who is appointed as Secretary, Economic Affairs ?<br style="box-sizing: border-box;" />A: RajivMehrishi </div>
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7. There are how many digits in MICR ?<br style="box-sizing: border-box;" />A: 9</div>
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8. Who has been conferred with the Best Central Bank Governor award for 2014 by Euromoney magazine during October 2014?<br style="box-sizing: border-box;" />A: RaghuramRajan, RBI Governor</div>
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9. PradhanMantri Jan DhanYojana (PMJDY) provides accidental insurance benefit of?<br style="box-sizing: border-box;" />A: Rs. 1 lakh</div>
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10. SainaNehwala is related to which game?<br style="box-sizing: border-box;" />A: Badminton</div>
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11. Capital of Malaysia ?<br style="box-sizing: border-box;" />A: Kuala Lumpur</div>
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12. International Labour Organization headquarters?<br style="box-sizing: border-box;" />A: Geneva, Switzerland</div>
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13. Who is the author of the book "The Oath of the Vayuputras"?<br style="box-sizing: border-box;" />A: AmishTripathi</div>
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14. Which airlines announced to purchase 250 airbus aeroplanes?<br style="box-sizing: border-box;" />A: Indigo</div>
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15. Under PMJDY, how many bank accounts are opened?<br style="box-sizing: border-box;" />A: About 7 Crores </div>
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