Showing posts with label bank_exams. Show all posts
Showing posts with label bank_exams. Show all posts

Saturday, March 14, 2015

CENSUS 2011

Amandeep sharma
                                                               
Census 2011 is the 15th Census of India since 1872. The motto of census 2011 was 'Our Census, Our future'.

Important Questions


1.  Who is the 2011 Census Commissioner of India?


2. What is the total population of India according to 2011 census?



3.    Which is the most populous state in India?



4.    Which is the least populous state in India?



5.
    
What is the rate of growth of population of India according to 2011 census?



6.  
  
Which state has highest fertility rate in India?



7
.    
Literacy rate in India according to Census 2011?



8.
    
Male Literacy rate in India according to Census 2011?



9.
    
Female Literacy rate in India according to Census 2011?



10.  Which is the most literate state in India?



11
.  Which is the least literate state in India?



12
.  
Which is the most literate Union territory in India?



13.
  
Which is the least literate Union territory in India?



14. 
 
Which state has high density of population?



15
.  
Which state has low density of population?



16
.  
Which state has highest sex ratio?



17
.  
Which state has lowest sex ratio?



18.
  
What is the density of Population of India?



19.
  
What is the sex ratio of India?



20.
  
Which Union territory has highest sex ratio?



21.
  
Which Union territory has lowest sex ratio?



22
.  
What is the number of districts in India according to census 2011?



23
.  
Which state has highest rural population according to census 2011?



24
.  
Which state has lowest rural population according to census 2011?



25
.  
Which state has highest urban population according to census 2011?



26.
  
Which state has lowest urban population according to census 2011?



Thursday, March 5, 2015

Computer Aptitude Questions For IBPS CLERK-5

Amandeep sharma
1. A peer-to-peer LAN is an appropriate network architecture for____
(1) The Internet.
(2) Home network.
(3) Network requiring a server with shared resources.
(4) wide area network
(5) None of these

2. Similar to a hub in an Ethernet network, a ____________ helps relay data between wireless network nodes.
(1) Wireless port
(2) Wireless access point
(3) wireless adapter
(4) wireless transceiver
(5) None of these

3. Cell phones use ____________ to access the Internet.
(1) MMS technology
(2) a notation system
(3) Micro browser software
(4) HTML language
(5) None of these

4. In CSMA/CD, the computer sends a fixed unit of data called a(n)_______
(1) Node.
(2) Packet.
(3) Override.
(4) Token.
(5) None of these

5. The uniform resource locator (URL) is case sensitive in the ____.
(1) Protocol
(2) Authority
(3) Directory
(4) Type
(5) None of these

6. ASCII is a (n)________
(1) Numbering system for representing numbers with decimals.
(2) Character representation standard common in older mainframe computers.
(3) Encoding standard used to represent letters and characters.
(4) Symbolic programming language that directly represents machine instructions.
(5) None of these

7. A global network made up of thousands of privately owned computers and networks is called the:
(1) World Wide Web.
(2) Internet.
(3) Specialized search engine.
(4) Internet2.
(5) None of these

8. Which of the following is NOT a basic function of the operating system?
(1) Manage memory
(2) Provide the word processing system
(3) Start the computer
(4) Provide the user interface
(5) None of these

9. Which of the following scrambles a message by applying a secret code?
(1) Encryption
(2) Audits
(3) UPS
(4) Firewalls
(5) None of these

10. The Internet began with the development of
1) USENET
2) ARPANET
3) Ethernet
4) Intranet
5) None of these

11. Website is a collection of ________
1) HTML documents
2) Graphic files
3) Audio and Video files
4) All of the above
5) None of these

12. Who designed the first electronic computer - ENIAC?
1) Van Neuman
2) Joseph M Jacquard
3) J presper Eckert
4) Both 1 and 2
5) None of these

13. Which of the following is not a network?
1) Local Area Network
2) Wide Area Network
3) Optical Fiber
4) All are networks
5) None of these

14. In MICR, C stands for?
1) Code
2) Colour
3) Computer
4) Character
5) None of these

15. Which of the following is the largest unit of storage?
1) GB
2) KB
3) MB
4) TB
5) None of these

16. Virtual memory is?
1) Memory on the hard disk that the CPU uses an extended RAM
2) in RAM
3) only necessary if you do not have any RAM in your computer
4) a back up device for floppy disks
5) None of these

17. _______ is the process of finding errors in software code?
1) Compiling
2) Testing
3) Running
4) Debugging
5) None of these

18. What is the shortcut key to "Undo" the last action in a document?
1) Ctrl + X
2) Ctrl + Y
3) Ctrl + Z
4) Ctrl + U
5) None of these

19. The programs which are as permanent as hardware and stored in ROM is known as
1) Hardware
2) Software
3) Firmware
4) ROM ware
5) None of these

20. for creating a document, you use........ Command at File Menu.
1) Open
2) Close
3) New
4) Save
5) None of these

21. Computer uses the_________number system to store data and perform calculations.
1) Binary
2) octal
3) Decimal
4) Hexadecimal
5) None of these

22. .............. is the process of carrying out commands
1) Fetching
2) Storing
3) Decoding
4) Executing
5) None of these

23. In word, when you indent a paragraph, you ....
1) push the text in with respect to the margin
2) change the margins on the page
3) move the text up by one line
4) move the text down by one line
5) None of these

24. ASCII stands for .........
1) American Special Computer for Information Interaction
2) American Standard Computer for Information Interchange
3) American Special Code for Information Interchange
4) American Special Computer for Information Interchange
5) American Standard Code for Information Interchange

25. Which of the following is used by the browser to connect to the location of the Internet resources ?
1) Linkers
2) Protocol
3) Cable
4) URL
5) None of these

26. ……….is the process of dividing the disk into tracks and sectors.
(1) Tracking
(2) Formatting
(3) Crashing
(4) Allotting
(5) None of these

27. What is the permanent memory built into your computer called ?
(1) RAM
(2) Floppy
(3) CPU
(4) CO-ROM
(5) ROM

28. Which computer memory is used for storing programs and data currently being processed by the CPU ?
(1) Mass memory
(2) Internal memory
(3) Non-volatile memory
(4) PROM
(5) None of these

29. Changing an existing document is called _____ the document.
1) Creating
2) Editing
3) Modifying
4) Adjusting
5) None of these

30. What is backup?
1) Adding more components to your network
2) Protecting data by copying it from the original source to a different destination
3) Filtering old data from the new data
4) Accessing data on tape
5) None of these

31. What is a popular program for creating documents that can be read on both a PC and a Macintosh computer?
(1) Microsoft Word
(2) Adobe In Design
(3) Adobe Acrobat
(4) QuarkXPress
(5) None of these

32. An image on a computer screen is made up of a matrix of what?
(1) Byte
(2) Pixels
(3) Bit
(4) Palette
(5) None of these

33. What does dots per inch (DPI) measure?
(1) number of bits it takes to represent each color
(2) density of the pixels on a computer screen
(3) the density of bits on a disk
(4) density of graphic files stored on a hard disk
(5) None of these

34. What type of software creates a smaller file that is faster to transfer over the Internet?
(1) MPEG
(2) Unzipped
(3) Fragmentation
(4) Compression
(5) None of these

35. A unit of computer information that contains data as well as all the procedures or operations is called:
(1) A method.
(2) Encapsulation.
(3) An object.
(4) An OOP
(5) None of these

36. The world's first truly cross-platform programming language is called:
(1) C++.
(2) Java.
(3) Visual Basic.NET.
(4) Smalltalk.
(5) None of these

37. The most widely used type of database management system is the:
(1) Flat database.
(2) Network database.
(3) Relational database.
(4) Hierarchical database.
(5) None of these

38. What is the newest type of database, which is well suited for multimedia applications, called?
(1) Object-oriented database
(2) Client/server database
(3) Data warehouse
(4) Multimedia database
(5) None of these

39. What do the circles on a data flow diagram represent?
(1) Data sources and destinations
(2) Data flows
(3) Transformation processes
(4) Data stores
(5) None of these

40. The type of printer that prints by selectively unchanging static electricity from spots on a metal drum is a(n):
(1) Plotter
(2) Dot-matrix printer
(3) Laser printer
(4) Ink-jet printer

(5) None of these

Thursday, February 5, 2015

Saturday, December 27, 2014

Reasoning Arrangements

Amandeep sharma
                           

‪#‎PuzzleNo‬.1 


Directions: Study the following information carefully and answer
the questions given below:

P, Q, R, S, T, V and W are seven students of a school. Each of them
studies in a different standard—from Standard IV to Standard X—not necessarily in the same order. Each of them has a favourite subject from English, Science, History, Geography, Mathematics, Hindi and Sanskrit, not necessarily in the same order.
Q studies in VII Standard and does not like either Mathematics or
Geography. R likes English and does not study either in V or in IX. T studies in VIII Standard and likes Hindi. The one who likes Science studies in X Standard. S studies in IV Standard. W likes Sanskrit. P does not study in X Standard. The one who likes Geography studies in V Standard.
Questions:
1. In which standard does W study?
1) VII
2) IX
3) X
4) Data inadequate
5) None of these
2. Which subject does P like?
1) Geography
2) Mathematics
3) English
4) History
5) None of these
3. Which subject does S like?
1) History
2) Geography
3) Mathematics
4) Data inadequate
5) None of these
4. In which standard does P study?
1) IV
2) VII
3) IX
4) X
5) None of these
5. Which of the following combinations of student-standard-subject is correct?
1) T - VIII - Mathematics
2) W - VII - Sanskrit
3) Q - VII - Geography
4) V - X - Science
5) None of these

Answers - 2,1,3,5,4 


Directions: Study the following information carefully and answer
the questions given below:
Seven members A, B, C, D, E, F and G represent seven different states
Madhya Pradesh, Uttar Pradesh, Bihar, Kerala, Tamil Nadu, Orissa and
Maharashtra in seven different games Hockey, Chess, Cricket, Badminton,
Table-Tennis, Golf and Billiards. The order of persons, states and games is not necessarily the same. D represents Kerala in Chess. E represents Golf team but not from Maharashtra or Uttar Pradesh, A represents Madhya Pradesh for Badminton. C represents Orissa but not for Cricket or Table-Tennis. The one who represents Bihar, represents “Table-Tennis. The one who represents Hockey represents Uttar Pradesh. F represents Maharashtra for Cricket. G does not represent Bihar.
Questions:
1. Who represents Uttar Pradesh?
1) G
2) F
3) B
4) Cannot be determined
5) None of these
2. Who represents Bihar?
1) G
2) E
3) B
4) B or E
5) None of these
3. Who represents Billiards team?
1) G
2) F
3) C
4) B
5) None of these
4. E represents which state?
1) Bihar
2) Kerala
3) Uttar Pradesh
4) Tamil Nadu
5) None of these
5. Which of the following combinations of game and state is correct?
1) Orissa-Chess
2) Orissa-Billiards
3) Tamil Nadu-Cricket
4) Maharashtra-Chess
5) None of these

Answers - 1,3,3,4,2


Directions: Study the following information carefully and answer
the questions given below:
Seven persons R, J, M, Q, L, T and K conduct workshop on Developing
Managerial skills in seven different companies A, B, C, D, E, F and G on a
different day of the week from Monday to Sunday. The order of persons,
companies and days of the week are not necessarily the same.
J organises workshop in Company D on Wednesday. Q does not conduct
workshop for companies A or C and conducts on the next day of L who conducts the workshop for Company F. T conducts workshop for Company E on Friday. K conducts workshop on Monday but not for Company C or G. M conducts workshop for Company A but not on Tuesday.
Questions:
1. Who conducts workshop on Saturday?
1) M
2) Q
3) L
4) Q or L
5) None of these
2. On which day does Q conduct the workshop?
1) Sunday
2) Saturday
3) Tuesday
4) Cannot be determined
5) None of these
3. M conducts workshop on which day?
1) Saturday
2) Sunday
3) Tuesday
4) Thursday
5) None of these
4. Which of the following combinations of person-company and day is correct?
1) K-B-Wednesday
2) R-B-Monday
3) K-C-Monday
4) K-G-Sunday
5) None of these
5. Who conducts workshop for Company C and on which day?
1) R, Thursday
2) R, Tuesday
3) Q, Saturday
4) Q, Sunday
5) None of these
Answers - 3, 1, 4, 5, 2. 


Directions: Study the following information carefully and answer
the questions given below:
A, B, C, D, E, F, G, H and K are sitting around a circle facing the centre.
F is fourth to the right of A, who is third to the right of B. K is fourth to the left of B and third to the right of D. C is third to the right of H. E is second to the left of G.
Questions:
1. Who is fourth to the left of G?
1) C
2) A
3) D
4) K
5) Data inadequate
2. What is E’s position with respect to B?
1) Second to the left
2) Third to the right
3) Fourth to the right
4) Third to the left
5) Fifth to the right
3. Who is third to the right of K?
1) F
2) E
3) G
4) Data inadequate
5) None of these
4. Who is on the immediate right of F?
1) B
2) G
3) E
4) Data inadequate
5) None of these
5. In which of the following combinations is the third person sitting between
the first and the second person?
1) GFB
2) BGH
3) ADC
4) KEC
5) EGF

Answers - 1,4,3,2,5 


Directions: Study the following information carefully and answer
the questions given below:
A, B, C, D, E, F and G are members of a sports club and have liking for
different games, viz Carrom, Table Tennis, Badminton, Bridge, Hockey, Football and Lawn Tennis but not necessarily in the same order. Each one of them has a liking for different musical instruments, viz Sitar, Guitar, Harmonium, Flute, Tabla, Banjo and Santoor, not necessarily in the same order. B likes Carrom and Banjo. E likes to play Bridge but not Harmonium or Tabla. The one who plays Hockey plays Sitar. F plays Guitar but not Table Tennis or Lawn Tennis. A plays Badminton and Flute. The one who plays Lawn Tennis does not play Tabla. C plays Harmonium and G plays Hockey.
Questions 
1. Who plays Santoor?
1) D
2) A
3) E
4) D or E
5) None of these
2. D plays which game?
1) Table Tennis
2) Lawn Tennis
3) Football
4) Cannot be determined
5) None of these
3. Which of the following combinations of game-person-musical instrument
is definitely correct?
1) Badminton - B - Flute
2) Table Tennis - E - Santoor
3) Lawn Tennis - D - Tabla
4) Table Tennis - C - Tabla
5) None of these
4. Who plays Football?
1) C
2) D
3) G
4) F
5) None of these
5. Who plays Table Tennis?
1) C
2) F
3) D
4) Cannot be determined
5) None of these

Answers - 3 ,1 ,5 ,4 ,3.


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Friday, November 21, 2014

IMPORTANT INTERVIEW QUESTIONS FOR IBPS PO-4

Amandeep sharma
TOP 60 BANK INTERVIEW QUESTIONS

1. Why do you want to join banking sector?

Banking is one of the fastest growing sectors in India with more stable and high

growth and more over providing wide range of career opportunities for graduates.

So I want to take an opportunity to join in a bank.

2. What is the difference between Cheque and Demand Draft?

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.

Demand Draft: A demand draft is an instrument used for effecting transfer of money. It is a negotiable instrument.

3. What is a Non-Banking Financial Company (NBFC)?

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).

4. NBFCs are doing functions similar to banks. What is difference between banks & NBFCs ?

NBFCs lend and make investments and hence their activities are akin to that of banks; however there are a few differences as given below:

NBFC cannot accept demand deposits;
NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself;
deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks.

5 . What is Private Banking?

Banking services offered to high net-worth individuals. Private banking institution

assists the high net-worth individual in investing his/her money in exchange for

commissions and fees. The term "private" refers to the customer service being

rendered on a more personal basis.

6. What is BSBDA?

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".

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'.


The 'Basic Savings Bank Deposit Account' should be considered as a normal banking service available to all customers, through branches .

The aim of introducing 'Basic Savings Bank Deposit Account' is very much part of the efforts of RBI for furthering Financial Inclusion objectives.

7. What is BPS (Basis Points)?

BPS (Basis point) : - BPS is an acronym for basic points is used to indicate changes in rate of interest and other financial instrument.

1 BASIC POINT IS EQUAL TO 0.01%

So when we say that repo rate has been increased by 25 bps, it means that the rate has been increased by 0.25%

8. What is KYC?

The Reserve Bank of India (RBI) has advised banks to follow ‘KYC guidelines’, wherein certain personal information of the account-opening prospect or the customer is obtained. The objective of doing so is to enable the Bank to have positive identification of its customers. This is also in the interest of customers to safeguard their hard earned money.

The KYC guidelines of RBI mandate banks to collect three proofs from their customers. They are-

Photograph
Proof of identity
Proof of address


9. What is Sub-prime crisis?

The current Subprime crisis is due to sub-prime lending. These are the loans given

to the people having low credit rating.

10. What is Base Rate?

It is the minimum rate of interest that a bank is allowed to charge from its customers. Unless mandated by the government, RBI rule stipulates that no bank can offer loans at a rate lower than BR to any of its customers.

It is effective from, July 1, 2010. However, all existing loans, including home loans and car loans, will continue to be at the current rate. Only the new loans taken on or after July 1 and old loans being renewed after this date will be linked to BR.

11. What is SWIFT?

SWIFT :- Society for worldwide Interbank financial tele- communication.

India was 74th Nation to join SWIFT Network.

SWIFT Code is a standard format of bank Identifier code. This code is used particularly in International transfer of money between banks.

A majority of FOREX related message are sent to correspondent banks abroad through SWIFT.

SWIFT Code consist 8 or 11 character when code is 8 digit, It is referred to primary office 4 – bank code

2 – country code

2 – location code

3 – branch code (optional).

12. What is Swabhimaan Yojana?

Swabhimaan is a financial inclusion plan of bank to take banking to the door steps of the remote village where banking facility are not available.

13. What is NOSTRO and VOSTRO account?

NOSTRO Account: A NOSTRO account is maintained by an Indian bank in the foreign countries.

VOSTRO Account: a vostro a/c is maintained by a foreign bank in India with their corresponding bank.

14. What is a DeMat Account?

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].

In India, a DeMat account is a type of banking account that dematerializes paper-based physical stock shares. The DeMat account is used to avoid holding of physical shares: the shares are bought as well as sold through a stock broker. In this case, the advantage is that one does not need any physical evidence for possessing these shares. All the things are taken care of by the DPs.

This account is very popular in India. Physically only 500 shares can be traded as per the provision given by SEBI. From April 2006, it has become mandatory for any person holding a DeMat account to possess a Permanent Account Number (PAN).

15. What is RuPay Card?

RuPay is the Indian domestic card payment network set up by National Payments Corporation of India (NPCI) at the behest of banks in India. The RuPay project had been conceived by Indian Banks Association (IBA) and had the approval of Reserve Bank of India (RBI).

RuPay LogoNational Payments Corporation of India (NPCI) has a plan to provide a full range of card payment services including the RuPay ATM, RuPay MicroATM, Debit, Prepaid and Credit Cards which will be accepted in India and abroad, across various channels like POS, Internet, IVR and mobile etc.

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.

All Public Sector Undertakings (PSU) banks set to join RuPay system by the end of year 2012. RuPay-based debit cards can be used by the consumers on the Internet from September, 2012.

The government of India had launched India’s first domestic payment card network, RuPay, to compete with Visa Inc and Mastercard Inc.

16. What is foreign exchange reservers?

Foreign exchange reserves (also called Forex reserves) in a strict sense are only

the foreign currency deposits and bonds held by central banks and monetary

authorities.However, the term in popular usage commonly includes foreign

exchange and gold,SDRs and IMF reserve positions.

17. What is Bancassurance ?

Bancassurance stands for distribution of financial products particularly the

insurance policies (both the life and non-life), also called referral business, by

banks as corporate agents, through their branches located in different parts of the

country.

18. What is Money Laundering ?

Money laundering is the processes of concealing the source of obtain money. Money or funds obtained through illegal activities are presented as legitimate.

19. What is the difference between Nationalized bank and Private Bank ?

A Nationalized bank is one that is owned by the government of the country. Since

the people decide who the government is, they are also referred to as public sector

banks. The government is responsible for the money deposited into the accounts of

these banks. Where as a private sector bank is one that is owned by an independent

individual or a company that is controlled by a few individuals. In short, the bank

is owned by someone else and they run the bank. The person owning/running the

bank is responsible for the money deposited into the accounts of these banks.

20. What are non-perfoming assets?

A classification used by financial institutions that refer to loans that are in jeopardy of default. Once the borrower has failed to make interest or principal payments for 90 days the loan is considered to be a non-performing asset.

Also known as "non-performing loan".

21. What is the Functions of RBI?

The Reserve Bank of India is the central bank of India, was established on April 1,

1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.

The Reserve Bank of India was set up on the recommendations of the Hilton

Young Commission. The commission submitted its report in the year 1926, though

the bank was not set up for nine years.To regulate the issue of Bank Notes and

keeping of reserves with a view to securing monetary stability in India and

generally to operate the currency and credit system of the country to its

advantage." Banker to the Government: performs merchant banking function for

the central and the state governments; also acts as their banker.Banker to banks:

maintains banking accounts of all scheduled banks. 29 What is monetary policy?

A Monetary policy is the process by which the government, central bank, of a

country controls

(i) the supply of money,

(ii) availability of money, and

(iii) cost of money or rate of interest, in order to attain a set of objectives

oriented towards the growth and stability of the economy.

22. What is SEZ?

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.

23. What is SIDBI?

The Small Industries Development Bank of India is a state-run bank aimed to aid

the growth and development of micro, small and medium scale industries in India.

Set up in 1990 through an act of parliament, it was incorporated initially as a

wholly owned subsidiary of Industrial Development Bank of India.

24. What is TREASURY BILLS (TB)?

Treasury bills (T-Bills) are the short term liabilities of the central government .theoretically government of India issued three types of T-bills through auctions, namely 91 days, 182days,and 364 days. There are no treasury bills issued by state government. Minimum amount of T –Bills is Rs. 2500and in multiple of RS. 2500.T-bills are issued at a discount and are redeemed at par from 1st April 1997 treasury bills have been replaced by WAYS AND MEANS ADVANCES .

25. What is COMMERCIAL PAPER (CP)?

commercial paper was introduced by RBI in 1991. It is a short term money market instrument issued in the form of promissory note .Corporate; primary dealers and the all India financial institution are eligible to issue CP. The maturity period of each commercial paper is 7days to 1year from the date of issue .CP can be issued denominations of Rs. 5lakh or multiples thereof. Only a schedule bank can act as an issuing and paying agent (IPA) for issuance of CP.

26. What is CRM?

Customer Relationship Management (CRM) refers to the ability to understand,

anticipate and manage the needs of the customer, interaction and relationship

resulting in increased profitability through revenue and margin growth and

operational efficiencies.

27. What is Right to information Act?

The Right to Information act is a law enacted by the Parliament of India giving

citizens of India access to records of the Central Government and State

overnments.The Act applies to all States and Union Territories of India, except the

State of Jammu and Kashmir - which is covered under a State-level law. This law

was passed by Parliament on 15 June 2005 and came fully into force on 13

October 2005.

28. What is Recession?

A true economic recession can only be confirmed if GDP (Gross Domestic

Product)growth is negative for a period of two or more consecutive quarters.

29. What is dematerialisation ?

Dematerialisation is a process by which the paper certificates of an investor are

taken back by the company/registrar and actually destroyed and an equivalent

number of securities are credited in electronic holdings of that investor.

30. What is Defivative ?

A derivative is a financial contract that derives its value from another financial

product/commodity (say spot rate) called underlying (that may be a stock, stock

index, a foreign currency, a commodity). Forward contract in foreign exchange

transaction, is a simple form of a derivative.

31. What is LAF ?

Liquidity Adjustment Facility (LAF) was introduced by RBI during June, 2000 in

phases, to ensure smooth transition and keeping pace with technological

upgradation.

32. What is a Repo Rate?

Repo rate is the rate at which our banks borrow rupees from RBI. Whenever the

banks have any shortage of funds they can borrow it from RBI. A reduction in the

repo rate will help banks to get money at a cheaper rate. When the repo rate

increases, borrowing from RBI becomes more expensive

33. What is Reverse Repo Rate?

This is exact opposite of Repo rate. Reverse Repo rate is the rate at which Reserve

Bank of India (RBI) borrows money from banks. RBI uses this tool when it feels

there is too much money floating in the banking system. Banks are always happy

to lend money to RBI since their money is in safe hands with a good interest. An

increase in Reverse repo rate can cause the banks to transfer more funds to RBI

due to this attractive interest rates.

34. What is CRR Rate?

Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with

RBI. If RBI decides to increase the percent of this, the available amount with the

banks comes down. RBI is using this method (increase of CRR rate), to drain out

the excessive money from the banks.

35. What is Bank Rate?

Bank rate, also referred to as the discount rate, is the rate of interest which a

central bank charges on the loans and advances that it extends to commercial

banks and other financial intermediaries. Changes in the bank rate are often used

by central banks to control the money supply.

36. What is PLR?

The Prime Interest Rate is the interest rate charged by banks to their most

creditworthy customers (usually the most prominent and stable business

customers). The rate is almost always the same amongst major banks. Adjustments

to the prime rate are made by banks at the same time; although, the prime rate

does not adjust on any regular basis. The Prime Rate is usually adjusted at the

same time and in correlation to the adjustments of the Fed Funds Rate. The rates

reported below are based upon the prime rates on the first day of each respective

month. Some banks use the name "Reference Rate" or "Base Lending Rate" to

refer to their Prime Lending Rate.

37. what is Bitcoin?

Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence.

38. What is SLR Rate?

SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in the form of cash, or gold or govt. approved securities (Bonds) before providing credit to its customers. SLR rate is determined and maintained by the RBI (Reserve Bank of India) in order to control the expansion of bank credit. SLR is determined as the percentage of total demand and percentage of time liabilities. Time Liabilities are the liabilities a commercial bank liable to pay to the customers on their anytime demand. SLR is used to control inflation and propel growth.

Through SLR rate tuning the money supply in the system can be controlled efficiently.

39. What is Deposit Rate?

Interest Rates paid by a depository institution on the cash on deposit.

40. What is Fiscal Policy?

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.

41. What is the Banking Ombudsman Scheme?

The Banking Ombudsman Scheme enables an expeditious and inexpensive forum to bank customers for resolution of complaints relating to certain services rendered by banks. The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995.

42. Which are the banks covered under the Banking Ombudsman Scheme, 2006?

All Scheduled Commercial Banks, Regional Rural Banks and Scheduled Primary Co-operative Banks are covered under the Scheme.

43. What is Inflation?

Inflation is as an increase in the price of bunch of Goods and services that projects

the Indian economy. An increase in inflation figures occurs when there is an

increase in the average level of prices in Goods and services. Inflation happens

when there are fewer Goods and more buyers; this will result in increase in the

price of Goods, since there is more demand and less supply of the goods.

44. What is Deflation?

Deflation is the continuous decrease in prices of goods and services. Deflation

occurs when the inflation rate becomes negative (below zero) and stays there for a

longer period.

45. What is FII?

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.

46. What is FDI?

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.

47. What is IPO?

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.


48. What is GDP?

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.

49. What is GNP?

Gross National Product is measured as GDP plus income of residents from

investments made abroad minus income earned by foreigners in domestic market.

50. What is Revenue deficit?

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.

51. What is Disinvestment?

The Selling of the government stake in public sector undertakings.

52. What is Fiscal Deficit?

It is the difference between the government’s total receipts (excluding borrowings)

and total expenditure.

53. What is National Income?

National Income is the money value of all goods and services produced in a

Country during the year.

54. What is bank and its features and types?

A bank is a financial organization where people deposit their money to keep it

safe.Banks play an important role in the financial system and the economy. As a

key component of the financial system, banks allocate funds from savers to

borrowers in an efficient manner.

55. What are Mutual funds?

Mutual funds are investment companies that pool money from investors at large

and offer to sell and buy back its shares on a continuous basis and use the capital

thus raised to invest in securities of different companies. The mutual fund will

have a fund manager that trades the pooled money on a regular basis. The net

proceeds or losses are then typically distributed to the investors annually. 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.

56. What is Cheque?

Cheque is a negotiable instrument instructing a Bank to pay a specific amount

from a specified account held in the maker/depositor's name with that Bank.A bill

of exchange drawn on a specified banker and payable on demand.“Written order

directing a bank to pay money”.

57. What is demand Draft?

A demand draft is an instrument used for effecting transfer of money. It is a

Negotiable Instrument. Cheque and Demand-Draft both are used for Transfer of

money. You can 100% trust a DD. It is a banker's check. A check may be

dishonored for lack of funds a DD can not. Cheque is written by an individual and

Demand draft is issued by a bank. People believe banks more than individuals.

58. What is NABARD?

NABARD was established by an act of Parliament on 12 July 1982 to implement

the National Bank for Agriculture and Rural Development Act 1981. It replaced

the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell

(RPCC) of Reserve Bank of India, and Agricultural Refinance and Development

Corporation (ARDC). It is one of the premiere agency to provide credit in rural

areas. NABARD is set up as an apex Development Bank with a mandate for

facilitating credit flow for promotion and development of agriculture, small-scale

industries, cottage and village industries, handicrafts and other rural crafts.

59. What is SENSEX and NIFTY?

SENSEX is the short term for the words "Sensitive Index" and is associated with

the Bombay (Mumbai) Stock Exchange (BSE). The SENSEX was first formed on

1-1-1986 and used the market capitalization of the 30 most traded stocks of BSE.

Where as NSE has 50 most traded stocks of NSE.SENSEX IS THE INDEX OF

BSE. AND NIFTY IS THE INDEX OF NSE.BOTH WILL SHOW DAILY

TRADING MARKS. Sensex and Nifty both are an "index”. An index is basically

an indicator it indicates whether most of the stocks have gone up or most of the

stocks have gone down.

60. What is SEBI?

SEBI is the regulator for the Securities Market in India. Originally set up by the

Government of India in 1988, it acquired statutory form in 1992 with SEBI Act

1992 being passed by the Indian Parliament. Chaired by C B Bhave.