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Archive for the 'Economics' 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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Posted in Banking Terms, Economics, GK Quiz | No Comments »

Difference between a Demand Note and Promissory Note

Posted by admin on 2nd August 2010

Demand Note

A Demand Note is a type of  paper money that was first issued between August 1861 and April 1862 during the American Civil War in denominations of 5, 10, and 20 dollars. Demand Notes were the first type of paper money issued by the United States in the sense that they were the first in the series of emissions which has continuously achieved wide circulation down to the present day. The U.S. government placed the Demand Notes into circulation by using them to pay expenses incurred during the Civil War including the salaries of its workers and military personnel.

Promissory Note

A promissory note, referred to as a note payable in accounting, or commonly as just a “note”, is a contract where one party (the maker or issuer) makes an unconditional promise in writing to pay a sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms. They differ from IOUs in that they contain a specific promise to pay, rather than simply acknowledging that a debt exists.

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Posted in Do You Know, Economics, Finance and Trade | No Comments »

China’s overseas trade

Posted by admin on 29th April 2010

China’s overseas trade
o    Is expected to touch $400 bn by 2010.  Currently it is at $158.2 bn in FY05.

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Posted in Business, Economics | No Comments »