One liner questions & answer for SSC CHSL and Railway

monetary policy committee

One liner questions & answer for SSC chsl and Railway- 1.Stagflation refers to a situation which is characterized by-Inflation and rising unemployment 2.The balance of payments of a country is in equilibrium when the-Demand for the domestic currency is equal to its supply. 3.The existence of a parallel economy or Black Money-Makes the monetary policies less effective 4.Price theory is

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Current Affairs- 18th January 2017

monetary policy committee

1- The Government of India, the Government of Nagaland and the World Bank have signed a massive 48 million dollars credit agreement for the ‘Nagaland Health Project,’ which aims to improve health services across the state. 2- British poet Jacob Polley has won the 2016 T.S. Eliot prize for his fourth collection, ‘Jackself’, a sequence of narrative poems partly inspired

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Different types of Bank customers & Accounts

Different types of Bank customers & Accounts Various type of customers: A. Accounts of Individual             a. Single Accounts             b. Joint Accounts B. Accounts of Firms             a. Proprietorship Firms             b. Partnership Firms [Including Limited Liability Partnership Firms] C. Accounts of Joint Stock Companies 1. Private Limited Companies 2. Public Limited Companies 3. Govt. Companies D. Accounts

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Know Your Customer (KYC) norms

Who is a Customer in KYC Context? Account and/or business relationship with the Bank. One on whose behalf the account is maintained (i.e., the beneficial owner) Beneficiaries of transactions conducted by Professionals Intermediaries. Persons / Entity connected with any financial transactions which can pose risk to Bank say a wire transfer/issue of high value DD etc.   “Know Your Customer

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Current Affairs- 16th-17th January 2017

1- Gujarat Cricket Association (GCA), along with principal contractor L&T, on Monday laid the foundation stone for redevelopment of what will become the world’s largest cricket ground in terms of seating capacity at Motera in Sabarmati area of Ahmedabad. 2- The International Monetary Fund (IMF) has cut India’s economic growth rate forecast by one percentage point to 6.6 per cent

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Current Affairs- 15th January 2017

1. 69th Army Day being observed on 15th January 2017 i. 69th Army Day is being observed today (15th January 2017). The day marks the taking over of the Indian Army by the first Indian Commander-in-Chief, Field Marshal KM Cariappa, on January 15, 1948. He took over the reins of the Army from Lieutenant General Sir Francis Butcher, the last

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PRIORITY SECTOR LENDING (PSL) – TARGETS AND CLASSIFICATION

PSL

PRIORITY SECTOR LENDING – TARGETS AND CLASSIFICATION                                     On the basis of recommendations of Internal Working Group (IWG) headed by Ms. Lily Vadera, the guidelines on Priority Sector Lending were revised by the Reserve Bank of India w.e.f. 23.04.2015. The salient features of revised guidelines are as under:- a)    The new sectors ‘Social Infrastructure’ and ‘Renewable Energy’ will form part

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Reserve Bank of India

Reserve Bank of India RBI is the central Bank of India and controls the entire money issue, circulation the entire money issue, circulation and control by its monetary policies and lending policies by periodical updates or corrections to discipline the economy. The central bank of India, founded in 1935, which maintains the monetary policy of its national currency, the rupee,

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Various Committtes & their main focus areas

monetary policy committee

1.    A C Shah Committee: NBFC 2.    A Ghosh Committee: Final Accounts 3.    A Ghosh Committee: Modalities Of Implementation Of New 20 Point Programme 4.    A Ghosh Committee: Frauds & Malpractices In Banks 5.    Abid Hussain Committee: Development Of Capital Markets 6.    Adhyarjuna Committee: Changes In NI Act And Stamp Act 7.    AK Bhuchar Committee: Coordination Between Term Lending Institutions And Commercial Banks 8.    B Eradi Committee: Insolvency And Wind Up Laws 9.    B Sivaraman Committee: Institutional Credit

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