| No. 1 | Delhi and Amritsar (via Ambala and Jaulandhar) |
| No. 1A | Julandhar and Uri (via Madhavpur, Jammu, Srinagar and Baramula) |
| No.1B | Batot and Kishtwar (via Doda) |
| No.2 | Delhi and Kalkata(via Mathura and Varanasi) |
| No. 3 | Agra and Mumbai (via Gwalior and Nasik) |
| No.4 | Thane and Chennai (via Pune, Belgaum, Hubli, Bangaluru and Ranipet) |
| No.4A | Belgaum to Panji |
| No.5 | Behragoda and Chennai (via Cuttack, Vishakhapatnam and Vijaywada) |
| No.6 | Dhuria and Kolkata (via Nagpur, Raipur and Sambalpu) |
| No.7 | Varanasi and Kanyakumari (via Nagpur, Bangaluru and Maduria) |
| No.8 | Delhi and Mumbai (via jaipur, Ahmedabad and Vadodara) |
| No. 8A | Ahmedabad and Kandia (via Morbi) |
| No.9 | Pune and vijayawada (via Sholapur and Hyderabad) |
| No.10 | Delhi and Farika proceeding to Indo-Pak border |
| No.11 | Agra and Bikaner (via Jaipur) |
| No.12 | Jabalpur and Jaipur (via Bhopal and Kota) |
| No.13 | Sholapur and Chitradurg |
| No.15 | Pathankot and Kandla (via Amritsar, Ganganagar and Jaisalmer) |
| No.17 | Punvel and Karngaur (via Karwar and Calicut) |
| No.21 | Chandigarh and Manali (via Bilaspur, Mandi and Kulu) |
| No. 22 | Ambala and Shonia La on Indo-China border (via Shimla and Narkanda) |
| No.23 | Chaus and Teacher (via Ranchi and Rourkela) |
| No.24 | Delhi and Lunknow (via Bareilly) |
| No.25 | Lucknow and Shivpuri (via kanpur and Jhansi) |
| No.26 | Jhansi and Launaceen |
| No.27 | Allahabad and Varanasi |
| No.28 | Barauni and Lucknow (via Gorakhpur) |
| No.29 | Gorakhpur to Varanasi (via Gazipur) |
| No.30 | Mohanis and Bactnarpur (via Patna |
| No.31 | Barhi and Pandunda Purnea and Siligudi |
| No.31 A | Sivok and Gangtok |
| No.31B | North Salmara and Golpara |
| No.32 | Gobindpur and Jamshedpur (via Dhanbad) |
| No.33 | Barhi and Bargoda (via Ranchi and Jamshedpur) |
| No.34 | Daikola and Kolkata (via Behrampur) |
| No.36 | Naogaon and Dimapur |
| No.37 | Golpada and Saikhowa Ghat (via Guwahati and Jorhat) |
| No. 38 | Makum and Lechapani (via Ledo) |
| No. 39 | Numaligam and indo-Myanmar border (via lmphal) |
| No.40 | Jorhat and Indo-Bangladesh border (via Shillong) |
| No.41 | Golaghat and Haldia port |
| No.42 | Sambalpur and Cuttack (via Ongul) |
| No.43 | Raipur and Vijaynagar |
| No.44 | Shillong and Agartala (via Badarpur) |
| No.45 | Chennai and Dindigul (via Tiruchirapalli) |
| No.46 | Krishnagar and Ranipet |
| No.47 | Salem and Kanyakumari (via Coimbatore and Thiruvananthapuram) |
| No.48 | Bangaluru and Mangalore (via Hassan) |
| No.49 | Madurai and Dhanushkodi |
| No.50 | Nasik and Pune |
| No.52 | Behra and Sitamani (via Tejpur, Passighat and Teju) |
| No.52A | Bander and Itanagar (via Deva) |
| No.53 | Badarpur and Silchar (via Jirighat and Imphal) |
| No.54 | Silchar and Lundel (via Aizwal) |
Thursday, 10 April 2014
SSC : National Highways
Tuesday, 8 April 2014
SBI PO SERIES
What is Open Market operations(OMO)?
The buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system by RBI. Open market operations are the principal tools of monetary policy.
· What is Micro Credit?
It is a term used to extend small loans to very poor people for self-employment projects that generate income, allowing them to care for themselves and their families.
· What is Liquidity Adjustment Facility(LAF)?
A tool used in monetary policy that allows banks to borrow money through repurchase agreements. This arrangement allows banks to respond to liquidity pressures and is used by governments to assure basic stability in the financial markets.
· What is RTGS System?
The acronym 'RTGS' stands for Real Time Gross Settlement. RTGS system is a funds transfer mechanism where transfer of money takes place from one bank to another on a 'real time' and on 'gross' basis. This is the fastest possible money transfer system through the banking channel. Settlement in 'real time' means payment transaction is not subjected to any waiting period. The transactions are settled as soon as they are processed. 'Gross settlement' means the transaction is settled on one to one basis without bunching with any other transaction.
· What is Bancassurance?
It is the term used to describe the partnership or relationship between a bank and an insurance company whereby the insurance company uses the bank sales channel in order to sell insurance products.
· What is Wholesale Price Index(WPI)?
The Wholesale Price Index (WPI) is the index used to measure the changes in the average price level of goods traded in wholesale market. A total of 435 commodity prices make up the index. It is available on a weekly basis. It is generally taken as an indicator of the inflation rate in the Indian economy. The Indian Wholesale Price Index (WPI) was first published in 1902, and was used by policy makers until it was replaced by the Producer Price Index (PPI) in 1978.
· What is Consumer price Index(CPI)?
It is a measure estimating the average price of consumer goods and services purchased by households.
· What is Venture Capital?
Venture capital is money provided by an outside investor to finance a new, growing, or troubled business. The venture capitalist provides the funding knowing that there’s a significant risk associated with the company’s future profits and cash flow. Capital is invested in exchange for an equity stake in the business rather than given as a loan, and the investor hopes the investment will yield a better-than-average return.
· What is a Treasury Bills?
Treasury Bills (T-Bills) are short term, Rupee denominated obligations issued by the Reserve Bank of India (RBI) on behalf of the Government of India. They are thus useful in managing short-term liquidity. At present, the Government of India issues three types of treasury bills through auctions, namely, 91-day, 182-day and 364-day. There are no treasury bills issued by State Governments.
· What is Banking Ombudsmen 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 is a senior official appointed by the Reserve Bank of India to redress customer complaints against deficiency in certain banking services. The Banking Ombudsman Scheme was first introduced in India in 1995, and was revised in 2002. The current scheme became operative from the 1 January 2006, and replaced and superseded the banking Ombudsman Scheme 2002.
· What is Subsidy?
A subsidy is a form of financial assistance paid to a business or economic sector. Most subsidies are made by the government to producers or distributors in an industry to prevent the decline of that industry or an increase in the prices of its products or to encourage it to hire more labor.
· What is a Debenture? How many types of debentures are there? What are they?
A debenture is basically an unsecured loan to a corporation. A type of debt instrument that is not secured by physical asset. Debentures are backed only by the general creditworthiness and reputation of the issuer.
i)Convertible Debentures: Any type of debenture that can be converted into some other security or it can be converted into stock..
ii)Non-Convertibility Debentures(NCB): Non Convertible Debentures are those that cannot be converted into equity shares of the issuing company, as opposed to Convertible debentures. Non-convertible debentures normally earn a higher interest rate than convertible debentures do.
· What is a hedge fund?
‘Hedge’ means to reduce financial risk.
A hedge fund is an investment fund open to a limited range of investors and requires a very large initial minimum investment. It is important to note that hedging is actually the practice of attempting to reduce risk, but the goal of most hedge funds is to maximize return on investment.
· What is FCCB?
A Foreign Currency Convertible Bond (FCCB) is a type of convertible bond issued in a currency different than the issuer’s domestic currency. In other words, the money being raised by the issuing company is in the form of a foreign currency. A company may issue an FCCB if it intends to make a large investment in a country using that foreign currency.
· What is Capital Account Convertibility(CAC)?
It is the freedom to convert local financial assets into foreign financial assets and vice versa at market determined rates of exchange. This means that capital account convertibility allows anyone to freely move from local currency into foreign currency and back.
The Reserve Bank of India has appointed a committee to set out the framework for fuller Capital Account Convertibility.
Capital account convertibility is considered to be one of the major features of a developed economy. It helps attract foreign investment. capital account convertibility makes it easier for domestic companies to tap foreign markets.
· What is Current Account Convertibility?
It defines at one can import and export goods or receive or make payments for services rendered. However, investments and borrowings are restricted.
· What is Arbitrage?
The opportunity to buy an asset at a low price then immediately selling it on a different market for a higher price.
· What is Capitalism?
Capitalism as an economy is based on a democratic political ideology and produces a free market economy, where businesses are privately owned and operated for profit; in capitalism, all of the capital investments and decisions about production, distribution, and the prices of goods, services, and labor, are determined in the free market and affected by the forces of supply and demand.
· What is Socialism?
Socialism as an economy is based on a collectivist type of political ideology and involves the running of businesses to benefit the common good of a vast majority of people rather than of a small upper class segment of society.
· What is corporate governance?
The way in which a company is governed and how it deals with the various interests of its customers, shareholders, employees and society at large. Corporate governance is the set of processes, customs, policies, laws, and institutions affecting the way a corporation (or company) is directed, administered or controlled.Is defined as the general set of customs, regulations, habits, and laws that determine to what end a firm should be run.
· 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.
· 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.
· 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.
· What is Core Banking Solutions?
Core banking is a general term used to describe the services provided by a group of networked bank branches. Bank customers may access their funds and other simple transactions from any of the member branch offices. It will cut down time, working simultaneously on different issues and increasing efficiency. The platform where communication technology and information technology are merged to suit core needs of banking is known as Core Banking Solutions.
· What is E-Governance?
E-Governance is the public sector’s use of information and communication technologies with the aim of improving information and service delivery, encouraging citizen participation in the decision-making process and making government more accountable,transparent and effective.
· 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.
· Credit Rating Agencies in India?
The credit rating agencies in India mainly include ICRA and CRISIL. ICRA wasformerly referred to the Investment Information and Credit Rating Agency of India Limited. Their main function is to grade the different sector and companies in terms of performance and offer solutions for up gradation. The credit rating agencies in India mainly include ICRA and CRISIL(Credit Rating Information Services of India Limited)
· 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”.
· 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.
· What is a NBFC?
A non-banking financial company (NBFC) is a company registered under the
Companies Act, 1956 and is engaged in the business of loans and advances, acquisition of shares/stock/bonds/debentures/securities issued by government, but does not include any institution whose principal business is that of agriculture activity, industrial activity, sale/purchase/construction of immovable property.
NBFCs are doing functions akin to that of banks; however there are a few differences:
(i)A NBFC cannot accept demand deposits (demand deposits are funds deposited at a depository institution that are payable on demand -- immediately or within a very short period -- like your current or savings accounts.)
(ii) it is not a part of the payment and settlement system and as such cannot issue cheques to its customers; and
(iii) Deposit insurance facility of DICGC is not available for NBFC depositors unlike in case of banks.
· Diff between banking & Finance?
Finance is generally related to all types of financial, this could be accounting, insurances and policies. Whereas banking is everything that happens in a bank only.The term Banking and Finance are two very different terms but are often associated together. These two terms are often used to denote services that a bank and other financial institutions provide to its customers.
· What is NASSCOM ?
The National Association of Software and Services Companies (NASSCOM), the Indian chamber of commerce is a consortium that serves as an interface to the Indian software industry and Indian BPO industry. Maintaining close interaction with the Government of India in formulating National IT policies with specific focus on IT software and services maintaining a state of the art information database of IT software and services related activities for use of both the software developers as well as interested companies overseas.
· What is ASSOCHAM?
The Associated Chambers of Commerce and Industry of India (ASSOCHAM), India's premier apex chamber covers a membership of over 2 lakh companies and professionals across the country. It was established in 1920 by promoter chambers, representing all regions of India. As an apex industry body, ASSOCHAM represents the interests of industry and trade, interfaces with Government on policy issues and interacts with counterpart international organizations to promote bilateral economic issues.
· 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.
· 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.
· 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.
· 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.
· What is 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.
· What is Asset Management Companies?
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.
· What are non-perfoming assets?
Non-performing assets, also called non-performing loans, are loans,made by a bank or finance company, on which repayments or interest payments are not being made on time. A debt obligation where the borrower has not paid any previously agreed upon interest and principal repayments to the designated lender for an extended period of time. The nonperforming asset is therefore not yielding any income to the lender in the form of principal and interest payments.
· 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.
· 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.
The buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system by RBI. Open market operations are the principal tools of monetary policy.
· What is Micro Credit?
It is a term used to extend small loans to very poor people for self-employment projects that generate income, allowing them to care for themselves and their families.
· What is Liquidity Adjustment Facility(LAF)?
A tool used in monetary policy that allows banks to borrow money through repurchase agreements. This arrangement allows banks to respond to liquidity pressures and is used by governments to assure basic stability in the financial markets.
· What is RTGS System?
The acronym 'RTGS' stands for Real Time Gross Settlement. RTGS system is a funds transfer mechanism where transfer of money takes place from one bank to another on a 'real time' and on 'gross' basis. This is the fastest possible money transfer system through the banking channel. Settlement in 'real time' means payment transaction is not subjected to any waiting period. The transactions are settled as soon as they are processed. 'Gross settlement' means the transaction is settled on one to one basis without bunching with any other transaction.
· What is Bancassurance?
It is the term used to describe the partnership or relationship between a bank and an insurance company whereby the insurance company uses the bank sales channel in order to sell insurance products.
· What is Wholesale Price Index(WPI)?
The Wholesale Price Index (WPI) is the index used to measure the changes in the average price level of goods traded in wholesale market. A total of 435 commodity prices make up the index. It is available on a weekly basis. It is generally taken as an indicator of the inflation rate in the Indian economy. The Indian Wholesale Price Index (WPI) was first published in 1902, and was used by policy makers until it was replaced by the Producer Price Index (PPI) in 1978.
· What is Consumer price Index(CPI)?
It is a measure estimating the average price of consumer goods and services purchased by households.
· What is Venture Capital?
Venture capital is money provided by an outside investor to finance a new, growing, or troubled business. The venture capitalist provides the funding knowing that there’s a significant risk associated with the company’s future profits and cash flow. Capital is invested in exchange for an equity stake in the business rather than given as a loan, and the investor hopes the investment will yield a better-than-average return.
· What is a Treasury Bills?
Treasury Bills (T-Bills) are short term, Rupee denominated obligations issued by the Reserve Bank of India (RBI) on behalf of the Government of India. They are thus useful in managing short-term liquidity. At present, the Government of India issues three types of treasury bills through auctions, namely, 91-day, 182-day and 364-day. There are no treasury bills issued by State Governments.
· What is Banking Ombudsmen 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 is a senior official appointed by the Reserve Bank of India to redress customer complaints against deficiency in certain banking services. The Banking Ombudsman Scheme was first introduced in India in 1995, and was revised in 2002. The current scheme became operative from the 1 January 2006, and replaced and superseded the banking Ombudsman Scheme 2002.
· What is Subsidy?
A subsidy is a form of financial assistance paid to a business or economic sector. Most subsidies are made by the government to producers or distributors in an industry to prevent the decline of that industry or an increase in the prices of its products or to encourage it to hire more labor.
· What is a Debenture? How many types of debentures are there? What are they?
A debenture is basically an unsecured loan to a corporation. A type of debt instrument that is not secured by physical asset. Debentures are backed only by the general creditworthiness and reputation of the issuer.
i)Convertible Debentures: Any type of debenture that can be converted into some other security or it can be converted into stock..
ii)Non-Convertibility Debentures(NCB): Non Convertible Debentures are those that cannot be converted into equity shares of the issuing company, as opposed to Convertible debentures. Non-convertible debentures normally earn a higher interest rate than convertible debentures do.
· What is a hedge fund?
‘Hedge’ means to reduce financial risk.
A hedge fund is an investment fund open to a limited range of investors and requires a very large initial minimum investment. It is important to note that hedging is actually the practice of attempting to reduce risk, but the goal of most hedge funds is to maximize return on investment.
· What is FCCB?
A Foreign Currency Convertible Bond (FCCB) is a type of convertible bond issued in a currency different than the issuer’s domestic currency. In other words, the money being raised by the issuing company is in the form of a foreign currency. A company may issue an FCCB if it intends to make a large investment in a country using that foreign currency.
· What is Capital Account Convertibility(CAC)?
It is the freedom to convert local financial assets into foreign financial assets and vice versa at market determined rates of exchange. This means that capital account convertibility allows anyone to freely move from local currency into foreign currency and back.
The Reserve Bank of India has appointed a committee to set out the framework for fuller Capital Account Convertibility.
Capital account convertibility is considered to be one of the major features of a developed economy. It helps attract foreign investment. capital account convertibility makes it easier for domestic companies to tap foreign markets.
· What is Current Account Convertibility?
It defines at one can import and export goods or receive or make payments for services rendered. However, investments and borrowings are restricted.
· What is Arbitrage?
The opportunity to buy an asset at a low price then immediately selling it on a different market for a higher price.
· What is Capitalism?
Capitalism as an economy is based on a democratic political ideology and produces a free market economy, where businesses are privately owned and operated for profit; in capitalism, all of the capital investments and decisions about production, distribution, and the prices of goods, services, and labor, are determined in the free market and affected by the forces of supply and demand.
· What is Socialism?
Socialism as an economy is based on a collectivist type of political ideology and involves the running of businesses to benefit the common good of a vast majority of people rather than of a small upper class segment of society.
· What is corporate governance?
The way in which a company is governed and how it deals with the various interests of its customers, shareholders, employees and society at large. Corporate governance is the set of processes, customs, policies, laws, and institutions affecting the way a corporation (or company) is directed, administered or controlled.Is defined as the general set of customs, regulations, habits, and laws that determine to what end a firm should be run.
· 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.
· 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.
· 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.
· What is Core Banking Solutions?
Core banking is a general term used to describe the services provided by a group of networked bank branches. Bank customers may access their funds and other simple transactions from any of the member branch offices. It will cut down time, working simultaneously on different issues and increasing efficiency. The platform where communication technology and information technology are merged to suit core needs of banking is known as Core Banking Solutions.
· What is E-Governance?
E-Governance is the public sector’s use of information and communication technologies with the aim of improving information and service delivery, encouraging citizen participation in the decision-making process and making government more accountable,transparent and effective.
· 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.
· Credit Rating Agencies in India?
The credit rating agencies in India mainly include ICRA and CRISIL. ICRA wasformerly referred to the Investment Information and Credit Rating Agency of India Limited. Their main function is to grade the different sector and companies in terms of performance and offer solutions for up gradation. The credit rating agencies in India mainly include ICRA and CRISIL(Credit Rating Information Services of India Limited)
· 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”.
· 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.
· What is a NBFC?
A non-banking financial company (NBFC) is a company registered under the
Companies Act, 1956 and is engaged in the business of loans and advances, acquisition of shares/stock/bonds/debentures/securities issued by government, but does not include any institution whose principal business is that of agriculture activity, industrial activity, sale/purchase/construction of immovable property.
NBFCs are doing functions akin to that of banks; however there are a few differences:
(i)A NBFC cannot accept demand deposits (demand deposits are funds deposited at a depository institution that are payable on demand -- immediately or within a very short period -- like your current or savings accounts.)
(ii) it is not a part of the payment and settlement system and as such cannot issue cheques to its customers; and
(iii) Deposit insurance facility of DICGC is not available for NBFC depositors unlike in case of banks.
· Diff between banking & Finance?
Finance is generally related to all types of financial, this could be accounting, insurances and policies. Whereas banking is everything that happens in a bank only.The term Banking and Finance are two very different terms but are often associated together. These two terms are often used to denote services that a bank and other financial institutions provide to its customers.
· What is NASSCOM ?
The National Association of Software and Services Companies (NASSCOM), the Indian chamber of commerce is a consortium that serves as an interface to the Indian software industry and Indian BPO industry. Maintaining close interaction with the Government of India in formulating National IT policies with specific focus on IT software and services maintaining a state of the art information database of IT software and services related activities for use of both the software developers as well as interested companies overseas.
· What is ASSOCHAM?
The Associated Chambers of Commerce and Industry of India (ASSOCHAM), India's premier apex chamber covers a membership of over 2 lakh companies and professionals across the country. It was established in 1920 by promoter chambers, representing all regions of India. As an apex industry body, ASSOCHAM represents the interests of industry and trade, interfaces with Government on policy issues and interacts with counterpart international organizations to promote bilateral economic issues.
· 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.
· 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.
· 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.
· 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.
· What is 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.
· What is Asset Management Companies?
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.
· What are non-perfoming assets?
Non-performing assets, also called non-performing loans, are loans,made by a bank or finance company, on which repayments or interest payments are not being made on time. A debt obligation where the borrower has not paid any previously agreed upon interest and principal repayments to the designated lender for an extended period of time. The nonperforming asset is therefore not yielding any income to the lender in the form of principal and interest payments.
· 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.
· 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.
Tuesday, 25 March 2014
TELECOMMUNICATION===INFORM
First Telephone line was started - 1851
between Kolkata and Diamond Harbour.
First Telephone service was started - 1881
at Kolkata.
First Telephone exchange was opened - 1881
at Kolkata with 50 lines.
First International Telephone line was - 1870
started between Mumbai and London.
First Automatic Telephone exchange in - 1913
Simla was opened at
Post and Telecommunication started – 1984.
Total Post Offices (2000) - 1,55,000.
Quick Mail Service was started in – 1975.
Speed Post was started in – 1986.
E-Post was started in - 2002
Some Important Newspapers and places of publication
1.-The Statesman Calcutta; - New Delhi
2.-The Times of India Mumbai’ - New Delhi etc.
3.-The Hindustan Times - New Delhi
4.-The Pioneer - Lucknow
5.-The Bombay - Samachar Mumbai
6.-Dawn - Karachi
7.-Izvestia - Moscow
8.-Pravda - Moscow
9.-Peoples Daily - Beijing
10.-The Hindu - Chennai, Coimbatore, Etc.,
11.-The Amrita bazar Patrika - Calcutta
12.-The Indian Express - Chennai-Madurai etc.,
13.-Daily Thanthi - Chennai-Madurai etc.,
14.-The Patriot - New Delhi
15.-The Tribune - Chandigarh
16.-The Times - London
17.-Al Ahram - Cairo
18.-The Daily News - New York
19.-Merdeka - Jakarta
20.-Le Monde - Paris
Tuesday, 18 March 2014
★ ★ BANKING AWARENESS – ABBREVIATIONS ★ ★
1. AADHAAR card denotes – Unique Identity Number
2. PSL – Priority sector lending
3. NBFC – Non Banking Financial Company
4. WPI – Wholesale price Index
5. CPI – Consumer Price Index
6. LAF – Liquidity adjustment facility
7. NDTL – Net Demand and Time Liabilities
8. UCB – Urban Cooperative Bank
9. ECS – Electronic clearing service
10. FSLRC – Financial Sector Legislative Reforms Commission
11. UCIC – Unique Customer Identification Code
12. AML – Anti Money Laundering
13. CFT – Combatting of financial terrorism
14. SME – Small and Medium Enterprises
15. CDR – Corporate Debt Restructuring
16. CDS –Credit Default Swaps
17. IRS – Interest Rate Swaps
18. QE3 –Quantitative Easing
19. FII – Foreign Institutional Investors
20. RRB – Regional Rural Banks
21. PDC – Post Dated Cheques
22. MSE – Micro and Small Enterprises
23. DCCO – Date of commencement of commercial operations
24. CRAR – Capital to Risk weighted assets ratio
25. IBL – Inter bank liability
26. GDS – Gold deposit scheme
27. CAD – Current account deficit
28. ECB – European Central Bank
29. MFIN – Micro Finance Institutions Network
30. IRDA – Insurance Regulatory Development Authority
31. CRMPG – Counterparty Risk Management Policy Group
32. HTM – Held to maturity
33. SLR – Statutory Liquidity Ratio
34. BC – Business correspondents
35. BF – Business facilitators
36. DSA – Direct selling agents
37. DMA – Direct marketing agents
38. DRA – Debt Recovery agents
39. ELA – Emergency Liquidity assistance
40. BOP – Balance of payments
41. APBS – AADHAAR payment bridge system
42. FDI – Foreign direct investment
43. M3 – Money supply
44. MSF – Marginal standing facility
45. FFA – Forward freight agreements
46. AD – Authorised dealer
47. BIS – Bank for international settlements
48. BR act – Banking Regulation act
49. MCX – Multi commodity exchange
50. PSB – Public sector banks
ENGLISH VOCABULARY
1. Diaphanous :-
Meaning : Transparent
Usage : A diaphanous door.
2. Disport :-
Meaning : to smile
Usage : People disported themselves at the stage
show.
3. Dulcet :-
Meaning : Sweet sounding
Usage : I thought I recognized your dulcet tone.
4. Despondency :-
Meaning : hopeless, sad
Usage : It is very difficult to come out from
despondency after his father’s death.
5. Didactic :-
Meaning : a bitter; criticism in speck writing
Usage : Launch a diatribe against the government.
6. Exculpate :-
Meaning : Prove guiltless
Usage : The Supreme Court exculpated Sanjay
Dutt from TADA Case.
7. Encumber :-
Meaning : to become burden
Usage : Travelling is difficult when you’re
encumbered with heavy suitcase s.
8. Extol :-
Meaning : to praise highly
Usage : He was extolled as a hero.
9. Effulgent :-
Meaning : shinning brilliantly
Usage : The effulgent beauty.
10. Ephemeral :-
Meaning : short lived
Usage : Ephemeral mosquitoes during the rainy
season.
Meaning : Transparent
Usage : A diaphanous door.
2. Disport :-
Meaning : to smile
Usage : People disported themselves at the stage
show.
3. Dulcet :-
Meaning : Sweet sounding
Usage : I thought I recognized your dulcet tone.
4. Despondency :-
Meaning : hopeless, sad
Usage : It is very difficult to come out from
despondency after his father’s death.
5. Didactic :-
Meaning : a bitter; criticism in speck writing
Usage : Launch a diatribe against the government.
6. Exculpate :-
Meaning : Prove guiltless
Usage : The Supreme Court exculpated Sanjay
Dutt from TADA Case.
7. Encumber :-
Meaning : to become burden
Usage : Travelling is difficult when you’re
encumbered with heavy suitcase s.
8. Extol :-
Meaning : to praise highly
Usage : He was extolled as a hero.
9. Effulgent :-
Meaning : shinning brilliantly
Usage : The effulgent beauty.
10. Ephemeral :-
Meaning : short lived
Usage : Ephemeral mosquitoes during the rainy
season.
Monday, 17 March 2014
★ INDIAN SPACE RESEARCH ORGANIZATION (ISRO) ★
★ INDIAN SPACE RESEARCH ORGANIZATION (ISRO) ★
* ESTABLISHED : 15 August 1969.
* HEADQUARTER : Bangalore.
* CHAIRMAN : K. Radhakrishnan
* Dr. Vikram Sarabhai : The father of India's Space Programme.
* First Satellite : Aryabhata,launched by the Soviet Union in 19 April,1975.
* Rohini : The first satellite to be placed in orbit by an Indian-made launch vehicle.
* CHANDRAYAAN-1 : India's first mission to the Moon in 2008.
* Vikram Sarabhai Space Centre (VSSC) : Thiruvananhapuram
* ISRO Satellite Centre (ISAC) : Bangalore
* Satish Dhawan Space Centre (SDSC) : Sriharikota
* ESTABLISHED : 15 August 1969.
* HEADQUARTER : Bangalore.
* CHAIRMAN : K. Radhakrishnan
* Dr. Vikram Sarabhai : The father of India's Space Programme.
* First Satellite : Aryabhata,launched by the Soviet Union in 19 April,1975.
* Rohini : The first satellite to be placed in orbit by an Indian-made launch vehicle.
* CHANDRAYAAN-1 : India's first mission to the Moon in 2008.
* Vikram Sarabhai Space Centre (VSSC) : Thiruvananhapuram
* ISRO Satellite Centre (ISAC) : Bangalore
* Satish Dhawan Space Centre (SDSC) : Sriharikota
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