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1. What is the fullform ECB - External commercial borrowing

2. Who is the author of Lowland ? - Jhumpa Lahiri

3. What are the limits for atm withdrawls free of charge ? - 5 times for same bank

(revision is going to be implemented shortly)

4. What is the capital of Ehiopia ? - Addis Ababa

5. World population day is on? – 11 July

6. Plastic money refers to - Debit card

7. Budget for skill development - Rs 100 crore allocated for a start-up

programme for rural youth

8. Yuan is the currency of? - China

9. Playing to win is autobiography of ? - Saina Nehwal

10. 2016 uber and thomas cup will be held In - Kunshan, China

11. Who is the current Food processing minister - Harsimreet kaur badal

12. Who is Mario goteze ? - German Footballer

13. The accidental prime minister book was written by- Sanjaya Baru

14. What is the BRICS development bank Base Capital? - 100 billion $

15. What is the full form of KVP : Kisan Vikas Patra

16. Ramoji film city is located in ? - Hyderabad

17. Credit rating in India is done by which body ? - CIBIL, CARE and ICRA

18. Commodity exchange Regulate By? - MCX

19. An institutions which is related to agriculture banking – NABARD 20. Plaster of Paris contains - Calcium Sulphate. 21. Chairman of Law Commission - Justice Ajit Prakash Shah 22. Foreign reserves are maintained by - RBI

23. Quantity of coins to be printed from mint is decide by - RBI 24. Vishu festival celebrated in - Kerela

25. Two States Book Author - Chetan Bhagat 26. Full Form of APMC - Agriculture Produce Market Committee 27. Supervisor of RRBs - NABARD

28. RTGS Maximum Limit - No limit 29. Insurance of bank account - DICGC

30. Set GDP target - 4.3% 31. Who among the following won 2012 Olympic gold? mexico 32. Pen PinterPrize - Salman Rushdie

33. Lallu Yadav political party name - RJD 34. What is currency change known as - Exchange Rate

35. Daniel Radcliffe famous for ? Harry Pottter 36. Credit Rating Agency - CIBIL 37. One question on SEBI

38. GDP rate in Economic Survey - 6.1% - 6.7% (2014) 39. Tobgay Shering have been PM of which country - Bhutan

40. One question on banking term 41. Messi national team - Argentina 42. Jinnah : Independence book author - Jaswant Singh

43. Secretary of US state - John Kerry

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44. Dada Saheb Phalke award 2014 - Gulzaar ( but option was not given - answer was none of these ).

45. Largest state in terms of area - Rajasthan 46. Most literate city -

47. State having largest population - Uttar Pradesh 48. Who is Nirmala Sitaraman? 49. Okram Ibobi Singh is which state cm - Manipur

50. Cheque validity how many months - 3 months 51. Iraq asks which country to help against ISIS - USA

52. Author of Train to Pakistan - Khushwant Singh 53. Dyanchand award given which catagory - Sports 54. Acronym for SEZ -Special Economic Zone

55. What is India’s first Credit Information Company (CIC)? - CRISIL 56. Which bank is head of agriculture activities? - NABARD

57. One question on RBI 58. One question on Government of India 59. Ebola was spread from which country - West Africa

60. First Lok Sabha was held in which year - 1951 61. Headquarter of FAO - Rome

62. Anti-Trafficking and Drugs Day - 26 June 63. Full form of FIFA - Federation of International Footballer Association 64. Who is known as Little Master - Sunil Gavaskar

65. Filpe VI is in news because of what reason - New King of Spain 66. Mark&Spencer is in which business - Apparal

67. Systematic Investment Plan is related to - LIC 68. In BRICS, "R" & "C" stands for? - Russia and China 69. Visa related question

70. Telangana state do not have border with - Madhya Pradesh 71. Call money time - 1 day

72. Which country supplies fuel for kudankulam plant ? - Russia 73. Which state's governor took the additional charge of the governor of Chhattisgarh ? -

Madhya Pradesh

74. Rupay card - NPCI 75. Brics bank HQ - Shanghai

76. ISIS full form ? - Islamic State for Iraq and Syria 77. Micro, small and medium enterprises regulator ? - SIDBI

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RRB

1. World Bank President 2. Narendra Modi first visit to which country?

3. Current Finance Minister in cabinet 4. FIFA world cup final match was held in?

5. Present RBI Governor succeeded by? 6. Newly formed district in Maharastra 7. Monuments not there in delhi(5 monuments are given humayun tomb,jantar

mantar,bibi ka .......) 8. Gautam Budda birth place

9. ENT surgeon in cabinet ministers 10. Which cabinet minister defeated in Lok Sabha Elections? 11. Asia first Nobel Prize Winner

12. Dada Saheb Phalke award winner 2013 13. Vinobha Bhave, Jaya Prakash Narayana, Verghese Kurien are which award

recipients? 14. What is the job of IMF? 15. SBI has how many associates present

16. Recently Mumbai has heavy rainfall - what is that cyclone name 17. Green back currency is which country currency

18. World's first new paper was printed in which country 19. Some countries currencies are given identify wrong one...(Myanmar,Syria,Iran,Iraq,) 20. 5 countries their capitals given identify wrong one(Zimbabwe,Kenya,Indonesia......)

21. Banking Ombudsman for how much money reward will be given 22. Bharatiya Mahila Bank loan to women's up to how much

23. World Father Day 24. Which of the following is a negotiable instrument? 25. Which of the following works banks not do? a)money management b) acts head of all

banks c)forex reserves 26. Author of the book "Low Land"

27. Who is known as "Pancham Daa"? 28. Which of the following is market regulator? 29. FDI meaning complete depth ?

30. What is introduced by RBI to control inflation? a) SLR b) CRR c) REPO d) Bank Rate e) None

31. On what basis inflation will decide? options like cost price of items ,income tax etc. 32. Which of the following is indirect tax? a)surcharge on income tax b)income tax c)excise duty d)corporate tax

33. Which of the following function not done by commodity exchange? 34. Options given for RTGS - choose wrong one?(see inter banks transfer available or

not....,mobile is there or not like that) 35. NEFT also 5 options based question 36. SKEWED (synonym)

37. Relationship between customer and banker in credit card? 38. UK based knight hood award recipient ?

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39. Housing loan according to new budget 40. Uttarakhand disaster recovery which bank helped?

41. Which of the following is scheduled commercial bank? 42. Which of the following is not come under RBI? a)NBFC b) Mutual Fund like that

options 43. Which is intangible asset(some typical options like banks bonds,banks loans etc.) 44. One question who among the following is not an economist?

45. one basis point is equal to given in options point values llike 0. 46. Which world site may loose its UNESCO world heritage site status?

1. Which country does not have 'rupee' as its currency?

2. Highest minister in Narendra Modi's cabinet are from which state? 3. Which minister is oldest in age?

4. Shanti Swaroop Bhatnagar prize 2013 is given to? 5. Fifa 2014 held at? 6. Recently Barak Obama is compared with which previous pm and found less popular?

7. Rbi give banking license recently to? 8. CM of Telangana?

9. No. Of women in Lok Sabha? 10. Which organization is not an part of world bank? 11. Which is a work of WTO?

12. President of IMF? 13. What is the web address to contact PM of India?

14. Attorney general of India? 15. Who is Ajit Kumar Doval? 16. Which is not a work of SEBI?

17. SLR consists of? 18. What RBI do to reduce liquidity from market?

19. Which is not related to Foreign Exchange (give Fema,Fera etc)? 20. Foreign reserve on 31.3.2014? 21. Which of following is not a work of RBI?

22. As rupee value is depreciating what will be its effect? 23. Which is used for real time transactions one after another in a row?

24. As government leaves some agriculture loans where these are mentioned in bank balance sheet? 25. What is G Padmanabhan committee?

26. CEO of apple? 27. Actor in Mr. Bean serial?

28. Who played the role of detective in Bobby Jasoos? 29. New finance Secretary? 30. How much budget for bullet train project?

31. CEO of Infosys? 32. Germany Chancellor?

33. Which company of Anil Ambani signed an agreement with SBI? 34. Which airlines of India have contract in Air Asia?

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35. One question Alfanso mangoes? 36. Largest power plant of India?

37. FDI limit in pvt sector banks? 38. Which city is not in which plastic currency will be issued as a test?

39. What is overdraft facility provided by RBI to govt? 40. When RBI issues new currency?(which system like minimum reserve like that)? 41. One question on CTS 2010?

42. How much invest levied on investment of more then 25 crore of SME's? 43. PM dedicated first to navy(Vikramaditya)?

44. Most expensive city to live? 45. World woman day is celebrated on? 46. One ques on export & import rules?

47. Which have the data of all loan takers(CIBIL rating)? 48. Banks show their data sheet in newspapers which of following is not included?(like name of

defaulters ,CSR activities, CAD etc) 49. Which of following can be a mortgage? 50. Which of following can not be put as security against loan?

51. Intangible assets?

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BANKING

GDP: It is the money value of all the final goods and services produced within the

geographical boundaries of the country during a given period of time. GNP: It refers to the money value of total output or production of find goods and service

produced by the nationals of a country during a given period of time.

Producers Price Index: It is the cost incurred by the producer in producing single unit in terms of GDP. It does not include any indirect taxes.

Credit Control: By credit control we mean to regulate the volume of credit created by banks in India. It is the principal function of Reserve Bank of India. The basic objective of credit control mechanism is to realize both price stability and exchange stability in the

economy. RBI uses two types of methods to control credit: (i) Quantitative Methods, and (ii) Qualitative Methods.

1. Quantitative Measures are used to control the volume of credit or indirectly to control

inflationary and deflationary pressures caused by expansion and contraction of credit. These are also known as general credit measures. These consist of Bank Rate, Cash Reserve Ratio, Statutory Liquidity Ratio and Open Market Operations.

2. Qualitative Measures are used to control the quantum as well as purpose for which credits are given by banks. RBI uses measures like Publicity, Rationing of Credit,

Regulation of consumer credit, Moral suasion and Variation in margin requirement for qualitative credit control.

Bank Rate: Bank rate is the rate at which the RBI is prepared to buy or re-discount eligible bills of exchange or other commercial papers. In simple words, bank rate is the

rate at which RBI extends advises (Credit) to commercial banks. A change in the bank rate will result in a change in the prime lending rate of banks and thus act as an

independent instrument of monetary control. Cash Reserve Ratio (CRR): Cash reserve ratio is the cash parked by the banks in their

specified current account maintained with RBI. In other words, it is the percentage of

deposit (both demand and time deposit) which a bank has to keep with the RBI. RBI was empowered to vary the CRR between 3% to 15%. But now there is no minimum limit of

CRR in India but the maximum limit is still retained at 15%. The purpose of reducing CRR is to leave large cash reserve with banks so as to enable them to expand bank credit. Similarly increasing of CRR means squeezing the cash reserve of the banks and limits

their credit providing capacity. Statutory liquidity Ratio (SLR): Statutory liquidity ratio is the liquid assets commercial

banks maintain with the RBI in the form of cash (book value), gold (current market value) and balances in unencumbered approved securities. The maximum limit of SLR is 40% and minimum limit of SLR is 23% In India. RBI can change SLR from time to time.

Both CRR and SLR reduce or increase the capacity to expand credit to business and industry. Thus both of these are anti-inflationary.

Open Market Operations (OMO): The buying and selling of eligible securities in the money market by RBI for the purpose of curtailing or expanding the volume of credit. By selling securities the RBI can absorb funds, and buying the securities can release funds

also into the market. The purpose of OMO is to influence the volume of cash reserves

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with the commercial banks and thus influence the volume of loans and advances they can make to the industrial and commercial sector.

Selective Credit Controls: Under the Banking Regulation Act 1949, section 21 empowers RBI to issue directives to the banking companies regarding their advance in

order to check speculation and rising prices. The controls are selective as they are used to control and check the rising tendency of price and hording of certain individual commodities of common use. However, while imposing selective control, RBI takes care

that bank credit for production and transportation of commodities and exports is not affected. These are mainly focused on credit to traders who use such credit for financing

hoarding and speculation. Since 1956-57 RBI is employing this method. Prime Lending Rate (PLR): It is rate of interest of which commercial banks lend to

their prime high profile blue chip corporate borrowers. (From 1990’s banks are free to

determine PLR). Repo Rate: Repurchasing option is traded in this market for a short time periods. Repo is

Repurchasing by RBI. Priority Sector Lending: Priority sector refers to those sectors of the economy which

may not get timely and adequate credit in the absence of this special dispensation.

Typically, these are small value loans to farmers for agriculture and allied activities, micro and small enterprises, poor people for housing, students for education and other

low income groups and weaker sections. Market Stabilization Scheme: It is a scheme under which RBI buys and sells

Government of India securities in order to control liquidity.

Money in Circulation: Money in use to finance current transactions as distinct from idle money.

Investment Bank: A Bank that provides long term fixed capital for industry, generally by taking up shares in limited companies.

Regional Rural Bank: It was established in 1975 under the provision of RRB Act 1976,

with a view to develop rural economy. Lead Banking Scheme: Under this scheme all the nationalized banks and few private

sector banks were allowed specially and were asked to play the “Lead Role”. The lead banks act as a leader to bring about co-ordination of cooperative banks, commercial banks and other financial institutions in their respective demises to bring about rapid

economic development. CAMELS: Capital Adequacy, Asset Quality, Management, Earnings Liquidity and

Systems. Capital Adequacy Ratio (CAR): It is the ratio of total capital fund of a bank to its risk

weighted assets. It is an indicator of banks financial health.

Over Heating of Economy: When the supply is not able to keep phase with demand, it is as called over heating of economy. It leads to inflation and shortage goods.

Cost-push Inflation: General prices of goods and services in the economy rises due to an increase in production cost. Such types of Inflation are caused by three factors (i) an increase in wages, (ii) an increase in profit and (iii) imposition of heavy tax.

Demand- pull inflation: The most common cause of inflation is the pressure of ever-rising demand on a less rapidly increasing supply of goods and services. The expansion

in aggregate demand may be the result of rapidly increasing private investment and/or spending government money for war or for economic development.

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Forward Market Commission: It is a regulatory body for commodity futures, and forward trade in India. It was set up under Forward Contract (Regulation) Act 1952. It’s

headquarter is in Mumbai. CARE: Credit Analysis and Research Ltd. It was started in November 1993. It was set

up by IDBI. ICRA: Investment Information and Credit Rating Agents of India Limited. It was

established in 1991. It primarily rates short, medium and long debt instruments. But,

since 1995 it has been doing equity rating also. NSDL: National Securities Depository Limited

CDSL: Central Depository Services Limited.

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IMPORTANT ABBREVIATIONS:

Ad: Advertising MKT: Marketing

B2B: Business to Business F500: Fortune 500 EM: Email

DM: Direct Mail ABM: Account Based marketing

TAP: Targeted account programs DM: Digital Marketing SE: Search Engine

SERP: Search Engine Results Page SEM: Search Engine Marketing

SEO: Search Engine Optimization SMM: Social Media Marketing SMO: Social Media Optimization

PPC: Pay Per Click PPA: Pay Per Action

PPI: Pay Per Impression PPL: Pay Per Lead CTR: Click through rate

CPC: Cost Per Click CPL: Cost Per Lead

CPS: Cost Per Sale CMS: Content Management System CRM: Content Relationship Management

MAP: Marketing Automation Platform SFA: Sales Force Automation

BI: Business Intelligence MLM: Multi Level Marketing FDI: Foreign Direct Investment

POP: Point of Purchase Display R&D: Research and Development

UPC: Universal Product Code POS: Point of Sale Display ROI: Return on Investment

CLS: Costumer Location System RPM: Resale Price Maintenance

VAT: Value Added Tax CR: Concession Rate DRA: Direct Response Advertising

CLV: Customer Lifetime Value eCommerce: Electronic Commerce

CRM: Customer Relationship Management NPD: New Product Development

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ROMI: Return on Marketing Investment LTV: Life Time Value

BDI: Brand Development Index CDI: Category Development Index

MR: Market Research AIM: Alternative Investment Market MS: Market Share

TMV: True Market Value MAA: Marketing Authorization Application

MS: Market Surveillance WOMM: Word of Mouth Marketing IDRA: Industries Development and Regulation Act

UX: User Experience GRS: Gross rating Point

BEP: Break Even Point PAN: Permanent Account Number IMF: International Monetary Fund

EOQ: Economic Order quality.

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Some Key Financial Terms for Various Exams

APR: It stands for Annual Percentage Rate. APR is a percentage that is calculated on the basis of

the amount financed, the finance charges, and the term of the loan.

ABS: Asset-Backed Securities. It means a type of security that is backed by a pool of bank loans, leases, and other assets.

EPS: Earnings Per Share means the amount of annual earnings available to common stockholders as stated on a per share basis.

CHAPS: Clearing House Automated Payment System. It’s a type of electronic bank-to-bank

payment system that guarantees same-day payment.

IPO: Initial Public Offerings is defined as the event where the company sells its shares to the public for the first time. (or the first sale of stock by a private company to the public.)

FPO: Follow on Public Offerings: An issuing of shares to investors by a public company that is already listed on an exchange. An FPO is essentially a stock issue of supplementary shares made

by a company that is already publicly listed and has gone through the IPO process. Difference: IPO is for the companies which have not been listed on an exchange and FPO is for

the companies which have already been listed on an exchange but want to raise funds by issuing some more equity shares.

RTGS: Real Time Gross Settlement systems is a funds transfer system where transfer of money or securities takes place from one bank to another on a “real time”. (‘Real time’ means within a

fraction of seconds.) The minimum amount to be transferred through RTGS is Rs 2 lakh. Processing charges/Service charges for RTGS transactions vary from bank to bank.

NEFT: National Electronic Fund Transfer. This is a method used for transferring funds across banks in a secure manner. It usually takes 1-2 working days for the transfer to happen. NEFT is

an electronic fund transfer system that operates on a Deferred Net Settlement (DNS) basis which settles transactions in batches. (Note: RTGS is much faster than NEFT.)

CAR: Capital Adequacy Ratio. It’s a measure of a bank’s capital. Also known as “Capital to Risk Weighted Assets Ratio (CRAR)”, this ratio is used to protect depositors and promote the

stability and efficiency of financial systems around the world. It is decided by the RBI.

NPA: Non-Performing Asset. It means once the borrower has failed to make interest or principal payments for 90 days, the loan is considered to be a non-performing asset. Presently it is 2.39%.

IMPS: Inter-bank Mobile Payment Service. It is an instant interbank electronic fund transfer service through mobile phones. Both the customers must have MMID (Mobile Money Identifier Number). For this service, we don’t need any GPS-enabled cell phones.

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BCBS: Basel Committee on Banking Supervision is an institution created by the Central Bank

governors of the Group of Ten nations.

RSI: Relative Strength Index. IFSC code: Indian Financial System Code. The code consists of 11 characters for identifying the

bank and branch where the account in actually held. The IFSC code is used both by the RTGS and NEFT transfer systems.

MSME and SME: Micro Small and Medium Enterprises (MSME), and SME stands for Small and Medium Enterprises. This is an initiative of the government to drive and encourage small

manufacturers to enjoy facilities from banks at concessional rates.

LIBOR: London InterBank Offered Rate. An interest rate at which banks can borrow funds, in marketable size, from other banks in the London interbank market.

LIBID: London Interbank Bid Rate. The average interest rate at which major London banks borrow Eurocurrency deposits from other banks.

ECGC: Export Credit Guarantee Corporation of India. This organisation provides risk as well as insurance cover to the Indian exporters.

SWIFT: Society for Worldwide Interbank Financial Telecommunication. It operates a

worldwide financial messaging network which exchanges messages between banks and other financial institutions.

STRIPS: Separate Trading for Registered Interest & Principal Securities.

CIBIL: Credit Information Bureau of India Limited. CIBIL is India’s first credit information bureau. Whenever a person applies for new loans or credit card(s) to a financial institution, they generate the CIBIL report of the said person or concern to judge the credit worthiness of the

person and also to verify their existing track record. CIBIL actually maintains the borrower’s history.

CRISIL: Credit Rating Information Services of India Limited. Crisil is a global analytical company providing ratings, research, and risk and policy advisory services.

AMFI: Association of Mutual Funds of India. AMFI is an apex body of all Asset Management

Companies (AMCs) which have been registered with SEBI. (Note: AMFI is not a mutual funds regulator)

FCCB: Foreign Currency Convertible Bond. A type of convertible bond issued in a currency different from the issuer’s domestic currency.

CAC: Capital Account Convertibility. It is the freedom to convert local financial assets into

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foreign financial assets and vice versa. This means that capital account convertibility allows anyone to freely move from local currency into foreign currency and back, or in other words,

transfer of money from current account to capital account.

BANCASSURANCE: 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.

Balloon payment: Is a specific type of mortgage payment, and is named “balloon payment”

because of the structure of the payment schedule. For balloon payments, the first several years of payments are smaller and are used to reduce the total debt remaining in the loan. Once the small payment term has passed (which can vary, but is commonly 5 years), the remainder of the debt is

due - this final payment is the one known as the “balloon” payment, because it is larger than all of the previous payments.

CPSS: Committee on Payment and Settlement Systems

FCNR Accounts: Foreign Currency Non-Resident accounts are the ones that are maintained by NRIs in foreign currencies like USD, DM, and GBP.

M3 in banking: It’s a measure of money supply. It is the total amount of money available in an economy at a particular point in time.

OMO: Open Market Operations. 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. Open market operations are the principal tools of monetary policy. RBI uses this tool in order to regulate the liquidity in economy.

Umbrella Fund: A type of collective investment scheme. A collective fund containing several

sub-funds, each of which invests in a different market or country. ECS: Electronic Clearing Facility is a type of direct debit.

Tobin tax: Suggested by Nobel Laureate economist James Tobin, was originally defined as a tax

on all spot conversions of one currency into another. Z score is a term widely used in the banking field.

POS: Point Of Sale, also known as Point Of Purchase, a place where sales are made and also

sales and payment information are collected electronically, including the amount of the sale, the date and place of the transaction, and the consumer’s account number.

LGD: Loss Given Default. Institutions such as banks will determine their credit losses through an analysis of the actual loan defaults.

Junk Bonds: Junk bonds are issued generally by smaller or relatively less well-known firms to

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finance their operations, or by large and well-known firms to fund leveraged buyouts. These bonds are frequently unsecured or partially secured, and they pay higher interest rates: 3 to 4

percentage points higher than the interest rate on blue chip corporate bonds of comparable maturity period.

ARM: Adjustable Rate Mortgage is basically a type of loan where the rate of index is calculated on the basis of the previously selected index rate.

ABO: Accumulated Benefit Obligation, ABO is a measure of liability of pension plan of an

organisation and is calculated when the pension plan is terminated. Absorption: A term related to real estate, it is a process of renting a real estate property which is

newly built or recently approved.

AAA: A type of grade that is used to rate a particular bond. It is the highest rated bond that gives maximum returns at the time of maturity.

DSCR: Debt Service Coverage Ratio, DSCR is a financial ratio that measures the company’s ability to pay their debts.

FSDC: Financial Stability and Development Council, India’s apex body of the financial sector.

ITPO: India Trade Promotion Organisation is the nodal agency of the Government of India for promoting the country’s external trade.

FLCC: Financial Literacy and Counseling Centres.

ANBC: Adjusted Net Bank Credit is Net Bank Credit added to investments made by banks in non-SLR bonds.

Priority sector lending: Some areas or fields in a country depending on its economic condition or government interest are prioritised and are called priority sectors i.e. industry, agriculture.

M0, M1, M2 AND M3: These terms are nothing but money supply in banking field.

BIFR: Bureau of Industrial and Financial Reconstruction.

FRBM Act 2003: Fiscal Responsibility and Budget Management act was enacted by the Parliament of India to institutionalise financial discipline, reduce India’s fiscal deficit, improve

macroeconomic management and the overall management of the public funds by moving towards a balanced budget.

The main objectives of FRBM Act are:- 1. To reduce fiscal deficit.

2. To adopt prudent debt management. 3. To generate revenue surplus.

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Gold Standard: A monetary system in which a country’s government allows its currency unit to

be freely converted into fixed amounts of gold and vice versa.

Fiat Money: Fiat money is a legal tender for settling debts. It is a paper money that is not convertible and is declared by government to be legal tender for the settlement of all debts.

BCSBI: The Banking Codes and Standards Board of India is a society registered under the Societies Registration Act, 1860 and functions as an autonomous body, to monitor and assess the

compliance with codes and minimum standards of service to individual customers to which the banks agree to.

OLTAS: On-Line Tax Accounting System.

EASIEST: Electronic Accounting System in Excise and Service Tax. SOFA: Status of Forces Agreement, SOFA is an agreement between a host country and a foreign

nation stationing forces in that country.

CALL MONEY: Money loaned by a bank that must be repaid on demand. Unlike a term loan, which has a set maturity and payment schedule, call money does not have to follow a fixed schedule. Brokerages use call money as a short-term source of funding to cover margin accounts

or the purchase of securities. The funds can be obtained quickly.

Scheduled bank: Scheduled Banks in India constitute those banks which have been included in the Second Schedule of RBI Act, 1934 as well as their market capitalisation is more than Rs 5 lakh. RBI in turn includes only those banks in this schedule which satisfy the criteria laid down

vide section 42 (6) (a) of the Act.

FEDAI: Foreign Exchange Dealers Association of India. An association of banks specialising in the foreign exchange activities in India.

PPF: Public Provident Fund. The Public Provident Fund Scheme is a statutory scheme of the Central Government of India. The scheme is for 15 years. The minimum deposit is Rs 500 and

maximum is Rs 70,000 in a financial year. SEPA: Single Euro Payment Area.

GAAP: Generally Accepted Accounting Principles. The common set of accounting principles,

standards and procedures that companies use to compile their financial statements. Indian Depository Receipt: Foreign companies issue their shares and in return they get the

depository receipt from the National Security Depository in return of investing in India.

Hot Money: Money that is moved by its owner quickly from one form of investment to another, as to take advantage of changing international exchange rates or gain high short-term returns on

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investments.

NMCEX: National Multi-Commodity Exchange.

PE RATIO: Price to Earnings Ratio, a measure of how much investors are willing to pay for each dollar of a company’s reported profits.

CASA: Current Account, Savings Account.

CAMELS: CAMELS is a type of Bank Rating System. (C) stands for Capital Adequacy, (A) for Asset Quality, (M) for Management ,(E) for Earnings, (L) for Liquidity and (S) for Sensitivity to Market Risk.

OSMOS: Off-site Monitoring and Surveillance System.

Free market: A market economy based on supply and demand with little or no government control.

Retail banking: It is mass-market banking in which individual customers use local branches of

larger commercial banks. Eurobond: A bond issued in a currency other than the currency of the country or market in

which it is issued.

PPP: Purchasing Power Parity is an economic technique used when attempting to determine the relative values of two currencies.

FEMA Act: Foreign Exchange Management Act, it is useful in controlling HAWALA.

Hawala transaction: It’s a process in which large amount of black money is converted into white.

Teaser Loans: It’s a type of home loans in which the interest rate is initially low and then grows higher. Teaser loans are also called terraced loans.

ECB: External Commercial Borrowings, taking a loan from another country. Limit of ECB is $500 million, and this is the maximum limit a company can get.

CBS: Core Banking Solution. All the banks are connected through internet, meaning we can

have transactions from any bank and anywhere. (e.g. deposit cash in PNB, Delhi branch and withdraw cash from PNB, Gujarat)

CRAR: For RRB’s it is more than 9% (funds allotted 500 cr) and for commercial banks it is greater than 8% (6000 cr relief package).

NBFCs: NBFC is a company which is registered under Companies Act, 1956 and whose main

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function is to provide loans. NBFC cannot accept deposit or issue demand draft like other commercial banks. NBFCs registered with RBI have been classified as AssetFinance Company

(AFC), Investment Company (IC) and Loan Company (LC).

IIFCL: India Infrastructure Finance Company Limited. It gives guarantee to infra bonds. IFPRI: International Food Policy Research Institute. It identifies and analyses policies for

meeting the food needs of the developing world.

Currency swap: It is a foreign-exchange agreement between two parties to exchange aspects (namely the principal and/or interest payments) of a loan in one currency for equivalent aspects of an equal in net present value loan in another currency. Currency swap is an instrument to

manage cash flows in different currency.

WPI: Wholesale Price Index is an index of the prices paid by retail stores for the products they ultimately resell to consumers. New series is 2004 2005. (The new series has been prepared by shifting the base year from 1993-94 to 2004-05). Inflation in India is measured on WPI index.

MAT: Minimum Alternate Tax is the minimum tax to be paid by a company even though the

company is not making any profit. Future trading: It’s a future contract/agreement between the buyers and sellers to buy and sell

the underlying assets in the future at a predetermined price.

Reverse mortgage: It’s a scheme for senior citizens. Basel 2nd norms: BCBS has kept some restrictions on bank for the maintenance of minimum

capital with them to ensure level playing field. Basel II has got three pillars:

Pillar 1- Minimum capital requirement based on the risk profile of bank. Pillar 2- Supervisory review of banks by RBI if they go for internal ranking.

Pillar 3- Market discipline.

Microfinance institutions: Those institutions that provide financial services to low-income

clients. Microfinance is a broad category of services, which includes microcredit. Microcredit is provision of credit services to poor clients.

NPCI: National Payments Corporation of India.

DWBIS: Data Warehousing and Business Intelligence System, a type of system which is launched by SEBI. The primary objective of DWBIS is to enhance the capability of the

investigation and surveillance functions of SEBI. TRIPS: Trade Related Intellectual Property Rights is an international agreement administered by

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the World Trade Organisation (WTO) that sets down minimum standards for many forms of intellectual property (IP) regulation as applied to nationals of other WTO Members.

TRIMs: Trade Related Investment Measures. A type of agreement in WTO.

SDR: Special Drawing Rights, SDR is a type of monetary reserve currency, created by the International Monetary Fund. SDR can be defined as a “basket of national currencies”. These

national currencies are Euro, US dollar, British pound and Japanese yen. Special Drawing Rights can be used to settle trade balances between countries and to repay the IMF. American dollar

gets highest weightage. LTD: Loan-To-Deposit Ratio. A ratio used for assessing a bank’s liquidity by dividing the

bank’s total loans by its total deposits. If the ratio is too high, it means that banks might not have enough liquidity to cover any fund requirements, and if the ratio is too low, banks may not be

earning as much as they could be. CAD: Current Account Deficit. It means when a country’s total imports of goods, services and

transfers is greater than the country’s total export of goods, services and transfers.

LERMS: Liberalized Exchange Rate Management System. FRP: Fair and Remunerative Price, a term related to sugarcane. FRP is the minimum price that a

sugarcane farmer is legally guaranteed. However sugar Mills Company gives more than FRP price.

STCI: Securities Trading Corporation of India Limited was promoted by the Reserve Bank of India (RBI) in 1994 along with Public Sector Banks and All India Financial Institutions with the

objective of developing an active, deep and vibrant secondary debt market.

IRR: Internal Rate of Return. It is a rate of return used in capital budgeting to measure and compare the profitability of investments.

CMIE: Centre for Monitoring Indian Economy. It is India’s premier economic research organisation. It provides information solutions in the form of databases and research reports.

CMIE has built the largest database on the Indian economy and companies. TIEA: Tax Information Exchange Agreement. TIEA allows countries to check tax evasion and

money laundering. Recently India has signed TIEA with Cayman Islands.

Contingency Fund: It’s a fund for emergencies or unexpected outflows, mainly economic crises. A type of reserve fund which is used to handle unexpected debts that are outside the range of the usual operating budget.

FII: Foreign Institutional Investment. The term is used most commonly in India to refer to

outside companies investing in the financial markets of India. International institutional investors must register with the Securities and Exchange Board of India to participate in the market.

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P-NOTES: “P” means participatory notes.

MSF: Marginal Standing Facility. Under this scheme, banks will be able to borrow upto 1% of

their respective net demand and time liabilities. The rate of interest on the amount accessed from this facility will be 100 basis points (i.e. 1%) above the repo rate. This scheme is likely to reduce volatility in the overnight rates and improve monetary transmission.

FIU: Financial Intelligence Unit set by the Government of India on 18 November 2004 as the

central national agency responsible for receiving, processing, analysing and disseminating information relating to suspect financial transactions.

SEBI: Securities and Exchange Board of India. SEBI is the primary governing/regulatory body for the securities market in India. All transactions in the securities market in India are governed

and regulated by SEBI. Its main functions are: 1. New issues (Initial Public Offering or IPO) 2. Listing agreement of companies with stock exchanges

3. Trading mechanisms 4. Investor protection 5. Corporate disclosure by listed companies etc.

Note: SEBI is also known as capital regulator or mutual funds regulator or market regulator. SEBI also created investors protection fund and SEBI is the only organization which regulates

the credit rating agencies in India. (CRISIL and CIBIL).

ASBA: Application Supported by Blocked Amount. It is a process developed by the SEBI for applying to IPO. In ASBA, an IPO applicant’s account doesn’t get debited until shares are allotted to him.

DEPB Scheme: Duty Entitlement Pass Book. It is a scheme which is offered by the Indian

government to encourage exports from the country. DEPB means Duty Entitlement Pass Book to neutralise the incidence of basic and special customs duty on import content of export product.

LLP: Limited Liability Partnership, is a partnership in which some or all partners (depending on the jurisdiction) have limited liability.

Balance sheet: A financial statement that summarises a company’s assets, liabilities and shareholders’ equity at a specific point in time.

TAN: Tax Account Number, is a unique 10-digit alphanumeric code allotted by the Income Tax

Department to all those persons who are required to deduct tax at the source of income. PAN: Permanent Account Number, as per section 139A of the Act obtaining PAN is a must for

the following persons:- 1. Any person whose total income or the total income of any other person in respect of which

he is assessable under the Act exceeds the maximum amount which is not chargeable to tax. 2. Any person who is carrying on any business or profession whose total sales, turnover or

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gross receipts are or are likely to exceed Rs. 5 lakh in any previous year. 3. Any person who is required to furnish a return of income under section 139(4) of the Act.

JLG: Joint Liability Group, when two or more persons are both responsible for a debt, claim or

judgment. REER: Real Effective Exchange Rate.

NEER: Nominal Effective Exchange Rate.

Contingent Liability: A liability that a company may have to pay, but only if a certain future event occurs.

IRR: Internal Rate of Return, is a rate of return used in capital budgeting to measure and

compare the profitability of investments. MICR: Magnetic Ink Character Recognition. A 9-digit code which actually shows whether the

cheque is real or fake.

UTR Number: Unique Transaction Reference number. A unique number which is generated for every transaction in RTGS system. UTR is a 16-digit alphanumeric code. The first 4 digits are a bank code in alphabets, the 5th one is the message code, the 6th and 7th mention the year, the 8th

to 10th mentions the date and the last 6 digits mention the day’s serial number of the message.

RRBs: Regional Rural Banks. As its name signifies, RRBs are specially meant for rural areas, capital share being 50% by the central government, 15% by the state government and 35% by the scheduled bank.

MFI: Micro Finance Institutions. Micro Finance means providing credit/loan (micro credit) to

the weaker sections of the society. A microfinance institution (MFI) is an organisation that provides financial services to the poor.

PRIME LENDING RATE: PLR is the rate at which commercial banks give loans to its prime customers (most creditworthy customers).

BASE RATE: A minimum rate that a bank is allowed to charge from the customer. Base rate differs from bank to bank. It is actually a minimum rate below which the bank cannot give loan

to any customer. Earlier base rate was known as BPLR (Base Prime Lending Rate).

EMI: Equated Monthly Installment. It is nothing but a repayment of the loan taken. A loan could be a home loan, car loan or personal loan. The monthly payment is in the form of post dated cheques drawn in favour of the lender. EMI is directly proportional to the loan taken and

inversely proportional to time period. That is, if the loan amount increases the EMI amount also increases and if the time period increases the EMI amount decreases.

Basis points (bps): A basis point is a unit equal to 1/100th of a percentage point. i.e. 1 bps =

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0.01%. Basis points are often used to measure changes in or differences between yields on fixed income securities, since these often change by very small amounts.

Liquidity: It refers to how quickly and cheaply an asset can be converted into cash. Money (in

the form of cash) is the most liquid asset. Certificate of Deposit (CD) is a negotiable money market instrument and issued in

dematerialised form for funds deposited at a bank or other eligible financial institution for a specified time period.

Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. It was introduced in India in 1990. Corporates and the All-India Financial

Institutions are eligible to issue CP.

1. Who among the following is Civil Aviation Minister in the Union Govt.?

(1) Ramvilas Paswan (2) Ashok Gajapathi Raju

(3) Radha Mohan Singh (4) Jual Oram (5) Ananth Kumar

2. Who among the following recently has been awarded with Britain's highest award?

(1) Sharukh Khan (2) Azim Premji (3) Ratan Tata (4) Lord Swaraj Paul (5) None of these

3. National Post Office Day was observed on ____.

(1) 5 Nov (2) 10 Oct (3) 14 Dec (4) 20 Feb (5) 18 Aug

4. Rafael Nadal recently won the French Open 2014. He clinches record _____ French

open title. (1) seventh (2) eighth (3) ninth (4) tenth

(5) eleventh

5. What does ‘T’ in RTGS stand for?

(1) Transaction (2) Transfer (3) Tax (4) Time

(5) None of these

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6. Life insurance and general insurance companies like LIC, ICICI Prudential, ICICI

Lombard, National Insurance etc. are regulated by which organisation?

(1) RBI (4) PFRDA (3) IRDA (5) IBA

(5) None of these

7. Ramesh Agarwal of India won which of the following awards in 2014?

(1) Tang Prize (2) Jnanpith Award (3) Goldman Environmental Award (4) Asian Award

(5) Abel Prize

8. What is the Lok Sabha constituency of Uma Bharti?

(1) Amroha (UP) (2) Jhansi (UP) (3) Chandigarh (Punjab) (4) Sultanpur (UP)

(5) Panipat (Haryana)

9. What is the Currency of UAE?

(1) Riyal (2) Dinar (3) Lira (4) Peso

(5) Dirham

10. How many countries are the members of World Trade Organisation?

(1) 158 (2) 159 (3) 160 (4) 161

(5) 162

Answers:

1 2 6 3 2 3 7 3 3 2 8 2 4 3 9 5

5 4 10 3

GK + Comp + Marketing Questions 1. Committee on financial inclusion: Nachiket Mor Committee

2. 150 km missile launched by DRDO recently: Prithvi

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3. Minister of Social Justice and empowerment: Thawar Chand Gehlot

4. Bhartiya Mahila Bank Chairman: Usha Ananthasubramanium

5. Banks Nationalization: 1969

6.Capital of Argentina: Buenos Aires

7. Official Currency of Indonesia: Indonesian Rupiah

8. Vijay Sheshadri won Pulitzer prize for: "3 Sections"

9. Which state don’t shares the border with Telangana: Jharkhand

10. Constituency of Nitin Gadkari: Nagpur

11. Recently PM inaugurated a hydro power plant at which place: Uri (J & K)

12. Press freedom day: 3 May

13. Bank is liable for which bank account?

14. Which is a negotiable instrument?

15. Which is a Govt. security bond?

16. RBI established in: 1935

17. Who is the current Food & Consumer Affairs minister: Ram Vilas Paswan

18. World Tourism Day is celebrated on: 27 September

19. Gillette cup is associated with which sports: Cricket

20. Which of the following cannot use for payment?

21. One question on Cheque?

22. What is the aim of planning commission? 23.Which bank is intermediary between NBFC?

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24. Kaveri river water dispute between which states: Karnataka & Tamil Nadu

25. World’s highest railway tunnel?

26. Full form of CD-R: Compact Disc Recordable 27. Marketing information includes?

28. Target marketing includes?

29. Qualities of good sales person?

30. Aggressive marketing is due to?

31. Which is most costlier computer? 32. MS word is a type of: Application Software

33. Printer is an ......device: Output device

34. Which of the following is output device?

35. Which is essential for successful marketing?

1. Capital of Canada? Ans. Ottawa 2. Where is CRISIL HQ ? Ans- Mumbai

3. Which of the following is related to financial inclusion? BSBDA 4. Which device is used to measure blood pressure ? Sphygmomanometer

5. state with highest per capita milk availability- PUNJAB 6. MIS full form in terms of finanance- Marketing Intelligence System 7. 24-ASEAN summit venue- Nay Pyi Taw

8. SMSME cabinet minister- Kalraj Mishra 9. bhartiya mahila bank inaugarated by-Manmohan Singh

10. study of kidney disease comes under branch? Nephrology 11. Maximum business deal with the country with India ? 12. country having three top most companies? USA

13. CSO full form- Central Statistical Organisation 14. CBS full form- Core Banking Solution

15. which organization collect and publish financial data? National Sample Survey Organisation 16. ashes trophy played between countries- Australia and England 17. CD full form- Compact Disc

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1. Lok Sabha Constituency of Sushma Swaraj – Vidisha

2. Who is Health Minister: Dr. Harsh Vardhan

3. Who provides assistance to small industries: SIDBI

4. RBI Adjust Liquidity by which tool: LAF (Liquidity Adjustment Facility)

5. Functions of RBI – Bankers Bank

6. Camel is the official animal of which state: Rajasthan

7. Capital of Sweden: Stockholm 8. Winner of Australian Grand Prix: Nico Rosberg

9. Nilgiris is located in which state: Tamil Nadu

10. Highest Urban Population of which state: Maharashtra

11. Which organization is for Woman Entrepreneur?

12. International Day for Old Person: 1 October 13. Sign on 1 Rupee currency note: Finance Secretary

14. Capro Group has won the International Business Year of the award is owned by: Lord

Swaraj Paul 15. 2015 Commonwealth Heads of Government Meeting will be held in: Malta

16. Committee on Cauvery water dispute: B.S Chauhan

17. Which country started first plastic notes: Australia

18. DRDO developed which indigenous plane: Tejas

19. Japan has sea-conflict with which country: China 20. A.R Rahman street name in which country: Canada

21. Which of the following is not true about Telangna? is dived on the linguistic basis.

Some Comp Questions

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1. Linux is what: Operating system

2. Keyboard and ___ is an input device: Mouse

3. Printer is an example of: Output device

4. Two people should be logged or simultaneously for what: Instant messaging

5. Magnetic Disk is: Non Volatile

GK & Computer Questions 1. Currency of Afghanistan – Afghan Afghani

2. Commercial Paper is issued for how many days - a minimum of 7 days and a maximum of

up to one year from the date of issue.

3. Malaysia currency: Ringgit 4. India ban China milk products reason: due to presence of melamine, used for making plastics

and fertiliser

5. Who did hat trick goal in foot ball world cup: Thomas Muller (Germany) score first hattrick of the FIFA World Cup Tournament

6. Mynamar capital: Naypyidaw

7. In LoK Sabha elections if any candidate win two seats (like our pm) so in what duration of time he has to leave one seat - 14 days

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Note: (Under rules, a member elected from two Lok Sabha constituencies has to vacate one of the seats within 14 days of the declaration of result.)

8. FIFA 2014 Macot Name: Fuleco (The name Fuleco is a portmanteau of the words "Futebol" ("Football") and "Ecologia" ("Ecology").)

9. Indian Overseas minister: Sushma Swaraj

10. IBSA full form – India, Brazil, South & Africa 11. World Autism day: 2 April

12. World aids day celebrated on : 1 December

13. Chemical and fertilizer cabinet minister: Ananth Kumar

14. Beiji oil refinary located in: Iraq

15. PC stands for: Personal Computer

16. Flipkart acquire which online shop: Myntra.com

17. Currency of Italy: Euro

18. Head of SIT Committee: MB Shah

19. Capital of Brazil -Brasilia

20. Casual vacancy written by: J K Rowling

21. Iraq currency: Dinar

22. What is window vista: Operating System

23. Who regulate Monetary policy: RBI

24. Budget in which article: Article:112

25. How many languages in Indian currency - 17 26. Full form of ASCII - American Standard Code for Information Interchange

27. Kanyakumari formerly known as - Cape Comorin

28. York University, Canada gave award to - Ratan Tata

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29. Nevia first plant in India - Sanand, Gujarat

30. PC stands for: Personal Computer

31. Devices that attached to computer outside - Peripheral devices

32. Who win 3 medals in ISSF world cup in Munich – Jitu Rai

33. Who is Richest Player in FIFA: Cristiano Ronaldo 34. OPEC has how much % of total oil - 81%

35. Country having least global peace index - Syria

36. Tata group joined which airlines: Air Asia

37. Commercial papers issued in what multiples: Rs.5 lakh or multiples thereof.

38. Recently Navaratna status given to: National Building Construction Corporation & Engineers India Ltd (EIL)

39. Azlan Shah who died recently is a: Hockey Player

40. Indian currency notes bear a signature of: RBI Governor 41. World economic forum held in: Abuja (Nigeria)

42. Headquarter of Infosys: Bangalore

43. Best ranked IIT among BRICS top universities 2014: IIT Delhi

44. Salarjung museum located in which state: Hyderabad, Telangana

1. RIL & Network 18 Deal(in crores)- 4000 Crores

2. Sahara the untold story Written by?-Tamal Bandyopadhyay 3. Amul set up Dairy worth 200 cr at which city?- Varansi

4. Chinese Currency? - YUAN 5. Sachin Tendulkar coins were sponsored by which company? EAST INDIA COMPANY 6. who among the following is RBI governor ? URJIT PATEL

7. Human rights day is observed on which day-DEC 10 8. Who is the current road, transport, highways and shipping? NITIN GADKARI

9. ECB stands for ? EXTERNAL COMMERCIAL BORROWINGS

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10. WIMBLEDON championship is related to which game ? LAWN TENNIS 11. Who is the current SBI chairman? ARUNDATI BHATTACHARYA

12. girl child development scheme? 13. regulatory authorities of Cooperative banks & RRB's?- NABARD

14. a Scheme named Rajiv Gandhi Scheme for Empowerment of Adolescent Girls also known as ?- SABLA

GK & Computer Questions:

1. Recipient of 49th Jananpeeth Award - Kedar Nath Singh 2. Who control the Monetry policy-RBI

3. Amul related to what ? - white revolution 4. FIBA is related with Which sport ?- Basketball 5. Recently in which state Solar thermal power plant installed - Rajasthan

6. which card is issued by NPCI?-RuPay Card 7. which south east organisation has 10 members?-ASEAN

8. ARMY FLAG DAY- 7 December 9. In shop transaction is done by which machine: POS 10. Water resource minister - Uma Bharti

11. Who was recently honoured with the Dadasaheb Phalke Academy Award for Best Singer (Female): Sunidhi Chauhan

12. Which award is given to Leander Paes, Ruskin bond- Padma Bhushan award 13. definition of Current account deficit: value of goods and services it imports exceeds

the value of goods and services it exports.

14. Vijay hazare trophy is related to which sport? CRICKET 15. Night blindness is due to deficiency of which disease- Vitamin A 16. full form of NVRAM- Non Volatile Random Acess Memory

17. Which of the following activities is not done by RBI?- trading in commodities 18. Question related to Core Banking Solutions

19. Which of the following is not a bank bank? - IRDA 20. Which of the following is an operating system ?-WINDOWS 2003 21. Input device-Light pen

22. Operating system is: system software 23. Which of the following is related to Email: attachment

24. Intangible asset 25. Fifa world cup-what kind of marketing-event 26. Malaysia, truly Asia-what kind of marketing

27. Currency of Kuwait-Kuwaiti Dinar 28. Capital of Bhutan-Thimphu

29. Recently Hindustan Motor car plant shut down: Uttarpara plant in West Bengal 30. Book my journey transforming into dreams: Former President APJ Abdul Kalam 31. Highest rural population state as per Census 2011 - Uttar Pradesh

32. Reliance company lady head name- Neeta Ambani 33. Recently banking license issued company name- IDFC

34. Full form CAG-Comptroller and Auditor General

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35. which of the following is not an indirect tax- 10% surcharge on income