Showing posts with label Banking. Show all posts
Showing posts with label Banking. Show all posts

Friday, 7 December 2012

ibps.in IBPS Admit Card/Hall Tickets CWE Clerks 2012 Download | Institute of Banking Personnel Selection

ibps.in IBPS Admit Card/Hall Tickets CWE Clerks 2012 Download | Institute of Banking Personnel Selection

Institute of Banking Personnel Selection (IBPS) conducts eligibility exams for various banks. Its conducts its Common Written Exam (CWE). Those students who will clear this exam they will apply for the 19 various public sector banks that comes under IBPS.

Few months ago Institute of Banking Personnel Selection (IBPS) has released a exam notification of Clerical Cadre 2. Its exam will be on 15th, 16th, 22nd and 23rd December 2012.

Before theses dates candidates who will give this exam download there hall tickets and admit cards online because hall ticket and admit card is mandatory for all exams.

Without hall ticket and admit card no one can enter in the examination premises. Its downloading url is given below.

Candidates has to enter Registration Number, Date of Birth or Password to Submit.

Follow this Url to Download IBPS Hall Ticket- ibpsreg.sifyitest.com/ibpsonenov12/login.php

If anyone is having problem in downloading there hall ticket than they can contact to below info-

BPS House, 90 feet, D.P.Road,
Near Thakur Polytechnic,
Off. Western Express Highway, P. B. No. 8587
Kandivali (E), Mumbai 400 101
INDIA

Helpline Number for Candidate Queries Related to CWE Projects- 91-22-2968 7111
(Available from 09:30 AM to 06:00 PM – Excluding Saturday and Sunday)

Tags: 2012, admit, Banking, Card/Hall, Clerks, CWE, download, ibps, ibps.in, Institute, Of, Personnel, Selection, Tickets

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Monday, 19 November 2012

Online Practice Question for various exam like IBPS, Banking, Clerk,PO, SSC, Railway etc

Online Quiz » Online Practice Test for IBPS Clerk Exam - Test I
This practice set consist of following topics : Reasoning(35 MCQ), Mathematics(5 MCQ), English(19 MCQ), Computer(11 MCQ),
Online Quiz » Online Practice Test for IBPS Clerk Exam - Test II
This practice set consist of following topics : General Knowledge(20 MCQ), Reasoning(20 MCQ), Mathematics(20 MCQ), English(20 MCQ), Computer(20 MCQ),
Online Quiz » Practice Set for Current Affairs for Bank PO, SSC, Railway and Other Exam(November 2012)
This practice set consist of following topics : General Knowledge(30 MCQ),
Online Quiz » Practice Set for General Awarness - I for Bank PO, SSC, Railway and Other Exam
This practice set consist of following topics : General Knowledge(40 MCQ),
Online Quiz » Practice Set for General Awarness - II for Bank PO, SSC, Railway and Other Exam
This practice set consist of following topics : General Knowledge(40 MCQ),
Online Quiz » Practice Set for General Awarness - III for Bank PO, SSC, Railway and Other Exam
This practice set consist of following topics : General Knowledge(50 MCQ),
Online Quiz » Practice Set Question of Computer for Bank Po, Clerk, SSC, Railway, FCI and other Competitive examination
This practice set consist of following topics : Computer(25 MCQ),
Online Quiz » SSC FCI Exam 2012 dt. 11/11/2012 Question
This practice set consist of following topics : General Knowledge(38 MCQ),

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Online Practice Question for various exam like IBPS, Banking, Clerk,PO, SSC, Railway etc

Online Quiz » Online Practice Test for IBPS Clerk Exam - Test I
This practice set consist of following topics : Reasoning(35 MCQ), Mathematics(5 MCQ), English(19 MCQ), Computer(11 MCQ),
Online Quiz » Online Practice Test for IBPS Clerk Exam - Test II
This practice set consist of following topics : General Knowledge(20 MCQ), Reasoning(20 MCQ), Mathematics(20 MCQ), English(20 MCQ), Computer(20 MCQ),
Online Quiz » Practice Set for Current Affairs for Bank PO, SSC, Railway and Other Exam(November 2012)
This practice set consist of following topics : General Knowledge(30 MCQ),
Online Quiz » Practice Set for General Awarness - I for Bank PO, SSC, Railway and Other Exam
This practice set consist of following topics : General Knowledge(40 MCQ),
Online Quiz » Practice Set for General Awarness - II for Bank PO, SSC, Railway and Other Exam
This practice set consist of following topics : General Knowledge(40 MCQ),
Online Quiz » Practice Set for General Awarness - III for Bank PO, SSC, Railway and Other Exam
This practice set consist of following topics : General Knowledge(50 MCQ),
Online Quiz » Practice Set Question of Computer for Bank Po, Clerk, SSC, Railway, FCI and other Competitive examination
This practice set consist of following topics : Computer(25 MCQ),
Online Quiz » SSC FCI Exam 2012 dt. 11/11/2012 Question
This practice set consist of following topics : General Knowledge(38 MCQ),

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Wednesday, 14 November 2012

Institute of Banking Personnel Selection(IBPS) Regional Rural Banks(RRB) Officer & Office Assistant Scores now available

Institute of Banking Personnel Selection(IBPS) Regional Rural Banks(RRB) Officer & Office Assistant Scores now available
IBPS Published the score card for Regional Rural Banks Officer & Office Assistant Scores on official website of IBPS you can check it on official website.To check your score Visit http://www.ibps.in/html/cwe_rrb.htm

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Saturday, 27 October 2012

Institute of Banking Personnel Selection (IBPS), Mumbai has published Common Written Examination (CWE) - RRB (Officers) Results 2012


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Institute of Banking Personnel Selection(IBPS) has declared (Regional Rural Bank)RRB Office Assistant Result


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Institute of Banking Personnel Selection (IBPS), Mumbai has published Common Written Examination (CWE) - RRB (Officers) Results 2012

Institute of Banking Personnel Selection (IBPS), Mumbai has published Common Written Examination (CWE) - RRB (Officers) Results 2012. IBPS CWE - RRB (Officers) Results Status announced on 22nd October, 2012. The examination held in the year of 2012. To get more information about the results, Candidates can visit the IBPS official website : http://www.ibps.in/

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Institute of Banking Personnel Selection(IBPS) has declared (Regional Rural Bank)RRB Office Assistant Result


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Saturday, 20 October 2012

Institute of Banking Personnel Selection COMMON WRITTEN EXAMINATION [CWE] FOR RECRUITMENT IN CLERICAL CADRE IN PUBLIC SECTOR BANKS

Thursday, October 11, 2012  webmaster   Institute of Banking Personnel Selection COMMON WRITTEN EXAMINATION [CWE] FOR RECRUITMENT IN CLERICAL CADRE IN PUBLIC SECTOR BANKSWith high growth forecast, the Indian Banking sector offers vast opportunities for a career. Eligible aspirants for bank jobs at the entry level in Public Sector Banks are invited to participate in the process.With the validity of the scorecard issued for the first CWE for Clerks held in November/ December 2011 expiring in February 2013, the next Common Written Examination (CWE Clerk-II) as a pre-requisite for selection of personnel for Clerical cadre posts in the Public Sector Banks will be conducted online by the Institute of Banking Personnel Selection (IBPS) tentatively in December 2012.Any eligible candidate, who aspires to join any of the Public Sector Banks listed below as a Clerk or in a similar post in that cadre, is required to clear the Common Written Examination (CWE). Candidates who qualify in CWE Clerk-II, will subsequently be called for a Common Interview to be co-ordinated by IBPS. Candidates, successful in qualifying in both the CWE and Common Interview will be listed in the order of merit. Depending on the vacancies in each bank of his preference, candidate will receive through a computerised system an offer from one of the Participating Public Sector Banks listed below. Vacancies remaining unfilled on account of candidates declining offer, will be filled from among the remaining candidates, through subsequent iterations.This system of Common Written Examination and common interview for recruitment of Clerical Cadre in Participating PSBs has the approval of the appropriate authorities.Candidates intending to appear for CWE will have to apply to IBPS after carefully reading the advertisement regarding the process of examination and interview, eligibility criteria, online registration process, payment of prescribed application fee/ intimation charges, pattern of examination, issuance of call letters etc.After the declaration of result of both CWE and common interview, a notification will be issued by IBPS giving the state/UT wise and category-wise vacancies for each Bank and order of preference for Banks will be obtained from successful candidates. Based on the marks obtained in CWE and common interview as well as the indication of order of preference of Banks and available vacancies, a successful candidate will receive a call from an individual Bank.
Since recruitment in clerical cadre in Public Sector Banks is done on State/UT-wise basis, candidates can apply for vacancies in any one State/ UT only. Consequently, a candidate would be required to appear for CWE in any one of the centres in that particular State/UT. However, depending upon the response, administrative feasibility etc. candidates may be allotted to a centre of examination outside the chosen State/UT for which vacancies he/she is applying. Please note this reallocation is only for the conduct of examination and the candidate will be considered for vacancies in the State/UT applied for, as aforesaid.
ELIGIBILITY CRITERIA
Candidates, intending to appear for CWE should ensure that they fulfil the minimum eligibility criteria specified by IBPS before applying for the Common Written Examination (CWE):
Please note that the eligibility criteria specified herein are the basic criteria for applying for the Post. However merely applying for CWE/ appearing for and qualifying in the examination and/or in the subsequent interview does not imply that a candidate will necessarily be eligible for employment in any of the Participating Public Sector Banks.
Age (As on 01.10.2012):
Minimum: 20 Years  Maximum: 28 Years
The maximum age limit specified is applicable to General Category candidates
EDUCATIONAL QUALIFICATIONS (as on 01.10.2012)
Degree in any discipline from a recognized University or any equivalent qualification recognized as such by the Central Government.
Computer literacy: Operating and working knowledge in computer systems is mandatory i.e. candidates should have Certificate/Diploma/Degree in computer operations/Language/ should have studied Computer / Information Technology as one of the subjects in the High School/College/Institute.
Proficiency in the Official Language of the State/UT (candidates should know how to read/ write and speak the Official Language of the State/UT) for which vacancies a candidate wishes to apply is preferable.
Ex-Servicemen who do not possess the above civil examination qualifications should be matriculate Ex-Servicemen who have obtained the Army Special Certificate of Education or corresponding certificate in the Navy or Air Force after having completed not less than 15 years of service in the Armed Forces of the Union.
Note:  (i) All educational qualifications should be from a recognised university/ Board.
(ii) The percentage of marks shall be arrived at by dividing the aggregate/total marks obtained by the candidate in all the subjects irrespective of optional/additional subjects studied with the aggregate maximum marks of the examination passed for all the years of the examination.
(iii) The date of passing the examination which reckons for eligibility will be the date appearing on the Mark Sheet or Provisional Certificate
Structure of Examination:
General Awareness with special reference to Banking Industry
CWE SCORE
The candidates’ scores will be made available on IBPS website and candidates may view the same.
HOW TO APPLY
Candidates can apply online only from 15.10.2012 to 05.11.2012 and no other mode of application will be accepted.
Pre-Requisites for Applying Online
Before applying online, candidates should–
(i) scan their photograph and signature ensuring that both the photograph and signature adhere to the required specifications as given in Annexure II to this Advertisement.
(ii) Keep the necessary details/documents ready if desired to make online payment of the requisite application fee/ intimation charges (In case of Offline Payment i.e. CBS candidates have to apply online, obtain a fee payment challan and then remit the necessary application fees/ intimation charges).
(iii) have a valid personal email ID, which should be kept active till the declaration of results of this round of CWE. IBPS may send call letters Examination etc. through the registered e-mail ID. Under no circumstances, a candidate should share with/mention e-mail ID to / of any other person. In case a candidate does not have a valid personal e-mail ID, he/she should create his/her new e-mail ID before applying on-line and must maintain that email account.
Application Fees/ Intimation Charges (Payable from 15.10.2012 to 05.11.2012 (Online payment) and 17.10.2012 to 09.11.2012 (Offline payment) both dates inclusive)
-    Rs. 50/- for SC/ST/PWD/EXSM candidates.
-    Rs. 400 /- for all others
Bank Transaction charges for Offline/ Online Payment of fees/ intimation charges will have to be borne by the candidate
Procedure for applying online
(1)         Candidates are first required to go to the IBPS’s website www.ibps.in and click on the Home Page to open the link “Common Written Examination” and then click on the option “CLICK HERE TO APPLY ONLINE FOR CWE- Clerks (IBPS-CWE-Clerk-II) December 2012” to open the On-Line Application Form.
(2)         Candidates will have to enter their basic details and upload the photograph and signature in the online application form. Candidates are required to upload their photograph and signature as per the specifications given in the Guidelines for Scanning and Upload of Photograph and Signature (Annexure II).
Mode of Payment
Candidates have the option of making the payment of requisite fees/ intimation charges either through the ONLINE mode or the OFFLINE mode:
(1) Payment of fees/ intimation charges via the ONLINE MODE
(i) Candidates should carefully fill in the details in the On-Line Application at the appropriate places very carefully and click on the “SUBMIT” button at the end of the On-Line Application format. Before pressing the “SUBMIT” button, candidates are advised to verify every field filled in the application. The name of the candidate or his /her father/husband etc. should be spelt correctly in the application as it appears in the certificates/mark sheets. Any change/alteration found may disqualify the candidature.
(ii) The application form is integrated with the payment gateway and the payment process can be completed by following the instructions.
(iii)    The payment can be made by using only Master/ Visa Debit or Credit cards or Internet
Banking by providing information as asked on the screen. (iv)    In case candidates wish to pay fees/ intimation charges through the online payment
gateway after the upload of photograph and signature an additional page of the
application form is displayed wherein candidates may follow the instructions and fill in
the requisite details. (v)     If the online transaction has been successfully completed a Registration Number and
Password will be generated. Candidates should note their Registration Number and
Password for future reference. (vi)    If the online transaction has not been successfully completed then the following message
is  displayed  ‘Your  online  transaction  was  unsuccessful.  Please  register  again’
Candidates may then revisit the ‘Apply Online’ link and fill in their application details
again. (vii)   On successful completion of the transaction, an e-receipt will be generated. (viii) Candidates are required to take a printout of the e-receipt. Note:
o After submitting your payment information in the online application form, please wait
for the intimation from the server, DO NOT press Back or Refresh button in order to
avoid double charge o For Credit Card users: All prices are listed in Indian Rupee. If you use a non-Indian
credit card, your bank will convert to your local currency based on prevailing exchange
rates. o To ensure the security of your data, please close the browser window once your
transaction is completed.
(2)  Payment of fees/ intimation charges via OFFLINE MODE (at counters of specified Bank branches):
Payment of fee/ intimation charges through the offline mode can be made through the CBS branches of any one of the following 7 Public Sector Banks-Bank of Baroda, Bank of India, Bank of Maharashtra, Central Bank of India, Indian Overseas Bank, Punjab National Bank, United Bank of India Candidates should carefully fill in the details in the On-Line Application at the appropriate places very carefully and click on the “SUBMIT” button at the end of the On-Line Application format. Before pressing the “SUBMIT” button, candidates are advised to verify every field filled in the application. A Provisional Registration Number and Password will be generated by the system and displayed on the screen. Candidate should note down the Registration Number and Password. An Email & sms indicating the Provisional Registration number and Password will also be sent. The name of the candidate or his /her father/husband etc. should be spelt correctly in the application as it appears in the certificates/mark sheets. Any change/alteration found may disqualify the candidature.
In case the candidate is unable to fill in the application form in one go, he/ she can save the data already entered. When the data is saved, a provisional registration number and password will be generated by the system and displayed on the screen. Candidate should note down the Provisional registration number and password. An Email & sms
indicating the Provisional Registration number and Password will also be sent. They can reopen the saved data using Provisional registration number and password and edit the particulars, if needed. This facility will be available for three times only. Once the application is filled in completely, candidate should submit the data. Candidates should take a printout of the system generated fee payment challan immediately. No change/edit will be allowed after submission.
The registration at this stage is provisional.
Fee Payment: Fee payment will be accepted at the CBS branches of the banks listed above from 2nd working day after registration and can be made within three working days. System generated fee payment challan will be used for depositing fee. (For example: If one has registered on 20.10.2012, then he/she will be able to deposit the fee from 23.10.2012 to 27.10.2012, considering 21.10.2012 is a non- working day). Once fee has been paid, the registration process is completed.
Candidate will receive registration confirmation by SMS/e-mail after two working days from the date of payment of fees/ intimation charges. Please ensure to furnish correct Mobile number / e-mail address to receive the registration confirmation.
    CALL LETTERS FOR WRITTEN EXAMINATION
The date and time of Examination (tentatively in December 2012/ January 2013) shall be intimated in the Call Letter along with the Centre/Venue address. An eligible candidate should download his/her call letter from the IBPS’s website www.ibps.in by entering his / her details i.e. Registration Number and Password/Date of Birth, after 03.12.2012. The Information Handout will also be available on IBPS website and a candidate may download the same. No hard copy of the call letter/ Information Handout will be sent by post/ courier.
A candidate has to bring his/her Examination call letter along with his/her photo identity proof in original as well as a photocopy while attending the examination and will have to submit the Examination call letter and photocopy of photo-identity proof in the examination hall.
Start date for Online RegistrationOnline Payment of Application FeesOffline Payment of Application FeesLast date for Online RegistrationDownload of Call letter for Examination

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Saturday, 29 September 2012

Banking and Finance terms in India

Tuesday, September 25, 2012  webmaster   A: 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 the repo rate increases, borrowing from RBI becomes more expensive.A: This is exact opposite of Repo rate. Reverse Repo rate is the rate at which Reserve Bank of India (RBI) borrows money from banks. RBI uses this tool when it feels there is too much money floating in the banking system. Banks are always happy to lend money to RBI since their money is in safe hands with a good interest. An increase in Reverse repo rate can cause the banks to transfer more funds to RBI due to this attractive interest rates.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.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.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.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 bank and its features and types?A bank is a financial organization where people deposit their money to keep it safe.Banks play an important role in the financial system and the economy. As a key component of the financial system, banks allocate funds from savers to borrowers in an efficient manner.Regional Rural Banks were established with an objective to ensure sufficient  institutional credit for agriculture and other rural sectors. The RRBs mobilize financial resources from rural / semi-urban areas and grant loans and advances mostly to small and marginal farmers, agricultural labourers and rural artisans. The area of operation of RRBs is limited to the area as notified by GoI coveringone or more districts in the State.ii. Banking services for individual customers is known as retail banking.iii. A bank that deals mostly in but international finance, long-term loans for  companies and underwriting. Merchant banks do not provide regular banking services to the general publiciv. Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated by their retail or virtual bank.v. Mobile Banking is a service that allows you to do banking transactions on your mobile phone without making a call , using the SMS facility. Is a term used for performing balance checks, account transactions, payments etc. via a mobile device such as a mobile phone.vi. Traditional banking is the normal bank accounts we have. Like, put your money in the bank and they act as a security and you will get only the normal interests (decided by RBI in our case, FED bank in US).vii. Investment banking is entirely different. Here, people who are having so much money (money in excess which will yield only less interest if in Banks) will invest their money and get higher returns. For example, If i have more money instead of taking the pain of investing in share market, buying properties etc. I will give to investment banks and they will do the money management and give me higher returns when compared to traditional banks.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)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”.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.A non-banking financial company (NBFC) is a company registered under theCompanies 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.Difference 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.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. Mr. Som Mittal – President. Chairman-Pramod BhasinThe 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. President-Swati PiramalNABARD 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.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.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.SEBI is the regulator for the Securities Market in India. Originally set up by theGovernment of India in 1988, it acquired statutory form in 1992 with SEBI Act 1992 being passed by the Indian Parliament. Chaired by C B Bhave.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-performing 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.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.A: 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 (increase of CRR rate), to drain out the excessive money from the banks.3A: SLR (Statutory Liquidity Ratio) is the amount a commercial bank needs to maintain in the form of cash, or gold or govt. approved securities (Bonds) before providing credit to its customers.SLR rate is determined and maintained by the RBI (Reserve Bank of India) in order to control the expansion of bank credit. SLR is determined as the percentage of total demand and percentage of time liabilities. Time Liabilities are the liabilities a commercial bank liable to pay to the customers on their anytime demand. SLR is used to control inflation and propel growth. Through SLR rate tuning the money supply in the system can be controlled efficiently.A: Bank rate, also referred to as the discount rate, is the rate of interest which a central bank charges on the loans and advances that it extends to commercial banks and other financial intermediaries. Changes in the bank rate are often used by central banks to control the money supply.A: Inflation is as an increase in the price of bunch of Goods and services that projects the Indian economy. An increase in inflation figures occurs when there is an increase in the average level of prices in Goods and services. Inflation happens when there are fewer Goods and more buyers; this will result in increase in the price of Goods, since there is more demand and less supply of the goods.A: Deflation is the continuous decrease in prices of goods and services. Deflation occurs when the inflation rate becomes negative (below zero) and stays there for a longer period.A: The Prime Interest Rate is the interest rate charged by banks to their most creditworthy customers (usually the most prominent and stable business customers). The rate is almost always the same amongst major banks. Adjustments to the prime rate are made by banks at the same time; although, the prime rate does not adjust on any regular basis. The Prime Rate is usually adjusted at the same time and in correlation to the adjustments of the Fed Funds Rate. The rates reported below are based upon the prime rates on the first day of each respective month. Some banks use the name “Reference Rate” or “Base Lending Rate” to refer to their Prime Lending Rate.A: Interest Rates paid by a depository institution on the cash on deposit.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 which has an impact on the stock markets. Institutional Investors includes pension funds, mutual funds, Insurance Companies, Banks, etc.A: FDI (Foreign Direct Investment) occurs with the purchase of the “physical assets or a significant amount of ownership (stock) of a company in another country in order to gain a measure of management control” (Or) A foreign company having a stake in a Indian Company.A: IPO is Initial Public Offering. This is the first offering of shares to the general public from a company wishes to list on the stock exchanges.A: The Selling of the government stake in public sector undertakings.A: It is the difference between the government’s total receipts (excluding borrowings) and total expenditure. Fiscal deficit in 2009-10 is proposed at 6.8% of GDP.A: It defines that, where the net amount received (by taxes & other forms) fails to meet the predicted net amount to be received by the government. Revenue deficit in 2009-10 is proposed at 4.8% of GDP.A: The Gross Domestic Product or GDP is a measure of all of the services and goods produced in a country over a specific period; classically a year. GDP during 2008-09 is 6.7%.A: Gross National Product is measured as GDP plus income of residents from investments made abroad minus income earned by foreigners in domestic market.A: National Income is the money value of all goods and services produced in a country during the year.A: The national income of a country, or region, divided by its population. Per capita income is often used to measure a country’s standard of living.Per capita income during 2008-09 estimated by CSO: Rs.25, 494.A: A vote-on account is basically a statement ,where the government presents an estimate of a sum required to meet the expenditure that it incurs during the first three to four months of an election financial year until a new government is in place, to keep the machinery running. Difference between Vote on Account and Interim Budget?A: Vote-on-account deals only with the expenditure side of the government’s budget, an interim Budget is a complete set of accounts, including both expenditure and receipts.A: The SDR (Special Drawing Rights) is an artificial currency created by the IMF in 1969. SDRs are allocated to member countries and can be fully converted into international currencies so they serve as a supplement to the official foreign reserves of member countries. Its value is based on a basket of key international currencies (U.S. dollar, euro, yen and pound sterling).A: SEZ means Special Economic Zone is the one of the part of government’s policies in India. A special Economic zone is a geographical region that economic laws which are more liberal than the usual economic laws in the country. The basic motto behind this is to increase foreign investment, development of infrastructure, job opportunities and increase the income level of the people.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.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.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.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.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.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.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.‘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.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.The opportunity to buy an asset at a low price then immediately selling it on a different market for a higher price.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.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.

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