All Entries in the "Banking and Financial Awareness" Category
Banking and Financial Awareness (RBI)
RBI HISTORY: • INAGURATED IN 1935 WITH A SHARE CAPITAL OF RS. 5 CR. • THE GOVERNMENT OF INDIA HELD SHARES OF NOMINAL VALUE OF RS. 2,22,000. • RBI WAS NATIONALISED IN 1949. CONSTITUTION OF RBI: CENTRAL BOARD OF DIRECTORS OF 20 MEMBERS • GOVERNOR & 4 DY. GOVERNORS. • 1 GOVERNMENT OFFICIAL FROM MINISTRY [...]
Add to orkutImportant Budget Terminologies
Revenue Budget: It consists of the revenue receipts of the government (which is tax revenues plus other revenues) and the expenditure met from these revenues. It has two components: Revenue Receipt and Revenue Expenditure. Capital Budget: It consists of capital receipts and payments. It also incorporates transactions in the Public Account. It has two components: [...]
Add to orkutBanking Terminologies 8 : Nationalization
( Provided by our blog mamber with the name ITSMYLIFE ) Nationalization in context of banks means, when a bank becomes a public sector bank. These are the banks which were not public sect bank right from the start. Notes below will help you further in understanding the Nationalisation of banks in India Phase I [...]
Add to orkutBanking Terminologies 7 : Purchasing Power Parity
Purchasing power parity (PPP) is a theory of long-term equilibrium exchange rates based on relative price levels of two countries. The idea originated with the School of Salamanca in the 16th century and was developed in its modern form by Gustav Cassel in 1918. The concept is founded on the law of one price; the [...]
Add to orkutBanking Terminology 6 : Mutual & Hedge Funds
Mutual Fund An investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets. Mutual funds are operated by money mangers, who invest the fund’s capital and attempt to produce capital gains and income for the fund’s investors. [...]
Add to orkutBanking Terminology 5 : GDP
Q) What is GDP? Ans ) Gross Domestic Product (GDP) is the market value of all final goods and services produced within a country in a given period of time. GDP is the basic measure of the country’s economic performance over a given period. GDP is measured by three basic approaches viz. 1)Expenditure approach 2)Income [...]
Add to orkutBanking Terminologies 4 : FII & FDI
## Banking terminologies to be asked in BANK PO interviews ## What is FII? A: 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 [...]
Add to orkutRepo Rate & Reverse Repo Rate (Revised)
Thius is to inform you all that Repo Rate Reverse Repo Rate have been changed BY .25%. Our team has already posted Definition of Repo Rate & Reverse Repo Rate in earlier posts, so in this post we are just telling about revised Rates REPO RATE Earlier : 5.25 % New : 5.50 % REVERSE [...]
Add to orkutBanking terminology 3 : Cash Reverse Ratio (CRR)
## Banking terminologies for bank po and other bank exams ## What is CRR Rate? Answer: 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 [...]
Add to orkutRepo Rate & Reverse Repo Rate
#BANKING TERMINOLOGIES FOR BANK PO AND OTHER EXAMS# Repo Rate (RR) 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 [...]
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