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Archive for the 'Banking Terms' Category

Banking Quiz for Bank Exams

Posted by admin on 26th August 2010

1. Which organization is capital market regulator?

SEBI

2. What term is used for Money borrowed or lent for a day or overnight ?

Call Money

3 . Which bank uses punch line “India’s International Bank”

Bank of Baroda

4. Which bank uses punch line ” Trusted Family Bank”?
Dena Bank

5. What is NSCCL?

National Securities Clearing Corporation Ltd

6. In which year Bombay Stock Exchange was established?
1875

7. In which year NSE was established?
1994

8. Inflation is measured on basis of which index in India?
WPI wholesale price index

9. What is derived from total expenditure less total receipts excluding borrowing?

Fiscal Deficit

10. In the capital market , simultaneous purchase and sale of securities to reduce the loss on purchase is known as …..?

Arbitrage

11. Injecting liquidity by the central bank of a country through purchase of Govt. securities. What do we call this?

Reverse repo

12. What is used to manage cash flows in different currencies?

Currency Swap

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Economic,Commercial,Trade,Banking Terms

Posted by admin on 6th April 2010

ARBITRATION Referring dispute to disinterested party called arbitrator for decision, which will be binding.
ANNUITY Payment of a fixed amount periodically for a limited time. It is an investment on which the owner receives not only interest on his money but also return of his capital.
BALANCE OF TRADE The difference between the value of imports and exports. It is favourable when the value of exported goods exceeds the value of imported goods. If it is reverse balance is unfavourable.
BALANCE SHEET Statements of accounts, generally os a business house prepared at the end of a year, showing debits and credits under broad heads, in order to find out the profit and loss positions in the outgoing year.
BARTER Exchange of commodity with other commodities without the interface of any form of currency.
BOND Document by which a government, a company or a person agrees to pay a sum of money in a certain time.
BUDGET Annual estimate of expenditure and revenue of a country or a subordinate authority like a corporation.
BILL OF EXCHANGE Written order by a drawer to pay sum on given date ot named payee.
BUYER’S MARKET An economic phenomenon where there are more goods in market than demanded and so the buyers can dictate the prices of goods.
CLEARING HOUSE Place where officials of the banks meet daily to exchange cheques drawn on the respective banks and settle the account by the payment of balances only.
COOPERATIVE FARMING Joint farming wherein farmers pool their land, capital and resources and divide the produce at the end of the harvest in proportion to their land put in the pool. The farmers retain their proprietary rights.
CEILING ON LAND AND HOLDING Imposition of a maximum limit of the land which an individual should have. Its purpose is rational distribution of land.
DEATH DUTY (ESTATE DUTY) A sort of tax imposed on the property inherited at death of its previous owner.
DEVALUATION Government’s step to reduce the value of its own currency relatively to a foreign currency. It aims to increase exports and reduce imports.
DEFLATION A monetary state characterised by decrease in the supply of money and bank deposits and falling profits, wages, incomes and employment accompanied by unemployment and falling prices.
DEMONETISATION The governmental measure of depriving metallic coins or paper currency od specified denominations of its status money. It is meant to unearth the hidden money which is unaccounted for purpose of income tax assessment.
EXCISE DUTY Duty levied on goods manufactured within the country.
FOREIGN EXCHANGE Transfer of money of one country to another.
INFLATION Increase in the quality of money in circulation without any corresponding increase in goods; so, it leads to rising prices spiral.
LAISSEZ FAIRE An individualistic theory advocating private initiative in trade and non-interference by State in commercial or business ventures.
LOCKOUT Closure of a factory by owners to force the workers to accept the imposed terms.
MALTHUSIAN THEORY OF POPULATION It states that the food supply increase in arithmetical progression while population increase by geometrical progression resulting in over-population.
OCTROI Tax imposed on articles coming inside a city.
PUBLIC SECTOR Applies to State enterprises or undertaking.
RECESSION An economic phenomenon characterised by excessive production, less demand, tight money market.
SOFT CURRENCY Currency of a country with which we have favourable balance of trade.
STERLING AREA Group of countries of Commonwealth (except Canada) keeping their reserves in sterling and not gold or dollars.
TARIFFS Measures undertaking by one country to protect industry against trade competition from outside.
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Economics Quiz-Commonly Used Banking Terms

Posted by admin on 27th January 2010

Banking Terms

1. Providing credit facilities by more than one banks for single party with formal agreement with each other. What is this concept called?

Consortium

2. Rate at which RBI purchases or rediscounts bills of exchange of
commercial banks. What this rate is called?

Bank Rate

3. An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company.

Indian Depository

4. An instrument that derives its value from a specified underlying [currency , Gold, stocks] etc. is called as ……..?

Hedge Fund

5. What is derived from total expenditure less total receipts excluding borrowing?

Fiscal Deficit

6. In the capital market , simultaneous purchase and sale of securities to reduce the loss on purchase is known as …..?

Arbitrage

7. Injecting liquidity by the central bank of a country through purchase of Govt. securities. What do we call this?

Reverse repo

8. What is used to manage cash flows in different currencies?

Currency Swap

9. Lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards. What do we call this?

Sub Prime

10. In instrument (bond) issued in a country other than the country of the currency of the bond. What type of bond is this?

Eurobond

11. What does Money Laundering includes?

placement, layering, integration of funds

12. Which organization is capital market regulator?

SEBI

13. What term is used for Money borrowed or lent for a day or overnight ?

Call Money

14 . Which bank uses punch line “India’s International Bank”

Bank of Baroda

15. Which bank uses punch line ” Trusted Family Bank”?

Dena Bank

16. What is NSCCL?

National Securities Clearing Corporation Ltd

17. In which year Bombay Stock Exchange was established?

1875

18. In which year NSE was established?

1994

19. Personal Finance is a part of Financial System in India. Is it true or false?

False, includes agricultural, industrial, government, development finance

20. Money lenders are part of scheduled banking in India. True or false?

False, Public sector, Pvt sector, Regional & Rural and State Cooperative banks

21. International Atomic Energy Agency provides a facility to help nations in enrichment of Uranium. What this concept has been named?

Nuclear Bank

22. An agreement in two parties to buy or sell an underlying asset in future
at a predetermined rate. What this agreement is called as?

Future Trading

23. Inflation is measured on basis of which index in India?

WPI wholesale price index

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