GA QUIZ

[1] Which of Indian Shooter has won Gold in Men\'s 10m Air Rifle event at Commonwealth Games 2014?

A: Karni Singh
B: Gagan Narang
C: Abhinav Bindra
D: Vijay Kumar

Ans:(C) Abhinav Bindra

[2] Who has been appointed as Governor of Haryana?
A: D Y Patil
B: Kaptan Singh Solanki
C: K N Tripathi
D: R P Singh

Ans:(B) Kaptan Singh Solanki

[3] what is "Gauravi"?
A: A robot 
B: An app to curb food waste
C: One Stop Crisis center for women
D: Submarine based missile

Ans:(C) One Stop Crisis center for women

[4] Kargil Vijay Diwas is celebrated on?
A: July 14
B: July 18
C: July 22
D: July 26

Ans:(D) July 26

[5] Who has been appointed as member of UN Board of Auditors?
A: Krishna Kumar
B: Rajesh Mishra
C: Shashi Kant Sharma
D: Narendra Kumar Verma

Ans:(C) Shashi Kant Sharma

[6] "Peace Clause" is associated with which Organisation's working rules?
A: World Bank
B: UNDP
C: IMF
D: WTO

Ans:(D) WTO

[7] Which of the Indian Players have won Gold on first day of Commonwealth Games 2014?
A: Navjot Rana
B: Ganeh Mali and Sushila Likmabam
C: Sukhen Dey and K Sanjita Chanu
D: Kalpana Thoudam

Ans:(C) Sukhen Dey and K Sanjita Chanu

[8] Who has been elected as new President of Iraq?
A: Peter Mutharika
B: Fuad Masum
C: Rahun Ibik
D: Asif Maliki

Ans:(B) Fuad Masum

[9] Which Organisation releases Human Development Report?
A: World Bank
B: IMF
C: UNESCO
D: UNDP

Ans:(D) UNDP

[10] India has been ranked at which place according to Human Development Report 2014?
A: 123
B: 129
C: 135
D: 138

Ans:(C) 135

[11] FDI Cap in Insurance sector has been raised from 26 percent to
A: 34 percent
B: 41 percent
C: 46 percent
D: 49 percent

Ans:(D) 49 percent

[12] Which of the country is not included in Malabar Naval Excercise?
A: USA
B: India
C: Japan
D: Russia

Ans:(D) Russia

[13] Japanese Encephalitis is a disease caused by?
A: Algae
B: Bacteria
C: Fungus
D: Mosquito borne virus

Ans:(D) Mosquito borne virus

[14] Which of the Typhoon has affected east coast of Taiwan?
A: Matmo
B: Katrina
C: Arthur
D: Phangsu

Ans:(A) Matmo

[15] Which of Doordarshan's Programme to be featured in Limca Book of Records?
A: Naya Daur
B: Naad Bhed-The Mystry of Sound
C: Hum Log
D: Ramayan

Ans:(B) Naad Bhed-The Mystry of Sound

[16] Which of the Indian company became first company to achieve market capitalization of 5 lakh crore rupees?
A: Infosys
B: Reliance Industries
C: Tata Consultancy Services (TCS)
D: Tata Steel

Ans:(C) Tata Consultancy Services (TCS)

[17] Which of the artist has been awarded with honorary doctorate from Berklee college of music?
A: Javed Akhtar
B: A R Rahman
C: Gulzar
D: Pritam

Ans:(B) A R Rahman

[18] P5+1 negotiations are related to?
A: Middle east crisis
B: Ukraine crisis
C: Iran nuclear issue
D: Peace in Afghanistan

Ans:(C) Iran nuclear issue

[19] A famous sportsperson, who was first African American woman to win Olympic gold has died, who was that sportsperson?
A: Ashley Tellis
B: Bennet Jackson
C: Camella
D: Alice Coachman

Ans:(D) Alice Coachman

[20] Which of the Indian origin person has been appointed as Treasury Minister of UK?
A: Manbir Singh
B: Priti Patel
C: Rajat Gupta
D: K K Mehrotra
Ans:(B) Priti Patel

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GK & Computer Questions Asked in SBI CLERK 2014 Exam - 20th July 2014 (Both Shifts)

Dear readers, here we are posting some of the questions of GK and Computer sections which was asked in 20 July 2014, SBI Clerk Exam (Morning & Evening Shift).

Following questions were shared by our readers with us.

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

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

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

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GK & Computer Questions Asked in SBI CLERK 2014 Exam - 19th July (Evening Shift)

Dear readers, here we are posting some of the questions of GK and Computer sections which was asked in today's SBI Clerk Exam (Evening Shift).

Following questions were shared by our readers with us.

GK  Questions:

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
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 

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GK & Computer Questions Asked in SBI CLERK 2014 Exam - 19th July (Morning Shift)

Dear readers, here we are posting some of the questions of GK and Computer sections which was asked in today's SBI Clerk Exam (Morning Shift).

Following questions were shared by our readers with us.

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

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Union Budget 2014-15 based Questions For SBI Clerk Exam

Dear readers, we are presenting you a post on Union Budget 2014-15 based questions, which will be very helpful in your upcoming SBI CLERK Exam.

1.    In Union Budget 2014 -15, how much percent of GDP is target for Fiscal deficit 2014-15?
(1) 4.5%                (2) 4.1%                  
(3) 5%                   (4) 5.5%
(5) 3.1%


2.    In Union Budget 2014 -15, Revenue Deficit seen at how much % for FY15?
(1) 3.5%                (2) 4.1%                  
(3) 3.3%                (4) 2.9%
(5) 3.1%

3.    In Union Budget 2014 -15, in Defence sector FDI cap raised to _____ from 26% at present?
(1) 51%                             (2) 74%        
(3) 100%                           (4) 49%
(5) None of these

4.    In Union Budget 2014 -15, Exemption limits on income tax  raised from _____.
(1) Rs. 2 lakh to Rs. 2.5 lakh
(2) Rs. 2 lakh to Rs. 3 lakh
(3) Rs. 3 lakh to Rs. 3.5 lakh
(4) Rs. 2 lakh to Rs. 3.5 lakh
(5) Rs. 3 lakh to Rs. 4.5 lakh

5.    In Union Budget 2014 -15, the exemption on income for senior citizens has been raised to ____.
(1) Rs. 2 lakh per annum
(2) Rs. 2.5 lakh per annum
(3) Rs. 3 lakh per annum
(4) Rs. 3.5 lakh per annum
(5) Rs. 4 lakh per annum

6.    'Beti Bachao, Beti Padhao Yojana' a Scheme for women safety recently passed in Union Budget 2014-15. How much money has been allotted for this scheme?
(1) Rs 500 Crore                           (2) Rs 100 Crore                  
(3) Rs 150 Crore                           (4) Rs 50 Crore                                
(5) Rs 1000 Crore

7.    How much amount has been allocated to for setting up 5 more IIMs and IITs?
(1) Rs 500 Crore                           (2) Rs 100 Crore                  
(3) Rs 150 Crore                           (4) Rs 50 Crore                                
(5) Rs 1000 Crore
               
8.    What is the name of the scheme proposed for hygiene and cleanliness in the recent Union Budget 2014-15?
(1) Bharat Swach Yojna               (2) Bharat Nirmal Yojna      
(3) Bharat Nirman Yojna               (4) Bharat Sudhhikaran Yojna
(5) None of these

9.    How much amount has been allocated to for Statue of Unity, a statue of Sardar Patel in Gujarat, in the recent Union Budget 2014-15?
(1) Rs 500 Crore                           (2) Rs 100 Crore                  
(3) Rs 200 Crore                           (4) Rs 150 Crore                              
(5) None of these

10.  How much amount has been allocated to for irrigation plan named Pradhan mantri krishi sichayin yojana, in the recent Union Budget 2014-15?
(1) Rs 500 Crore                           (2) Rs 100 Crore                  
(3) Rs 200 Crore                           (4) Rs. 1000 cr
(5) None of these

11.  How much amount has been allocated to for Internet connectivity in villages, in the recent Union Budget 2014-15?
(1) Rs 100 Crore                           (2) Rs 200 Crore                  
(3) Rs 500 Crore                           (4) Rs 150 Crore                              
(5) None of these

12.  Crisis Management Center for women will be open at ______?
(1) Delhi                            (2) Mumbai
(3) Bangalore                    (4) Kolkata
(5) Gurgaun

13.  Annual PPF ceiling to be enhanced to _____ from Rs 1 lakh
(1) Rs 1.5 lakh                  (2) Rs 2 lakh
(3) Rs 3 lakh                     (4) Rs 3.5 lakh
(5) none of these

14.  In the recent Union Budget 2014-15, Agriculture University will be set up in _____-?
(1) Haryana & Punjab                
(2) Uttar Pradesh & Bihar
(3) Gujarat & Maharashtra                                
(4) Andhra Pradesh & Rajasthan
(5) Tamil Nadu & Kerala

15.  How much amount has been allocated to Start up village ___to promote entrepreneurship among rural youth?
(1) Rs 500 Crore                           (2) Rs 100 Crore                  
(3) Rs 200 Crore                           (4) Rs 150 Crore                              
(5) None of these

Answers:

1	2	6	2	11	3
2	4	7	1	12	1
3	4	8	1	13	1
4	1	9	3	14	4
5	3	10	4	15	2

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FIFA World Cup 2014 Related Current Affairs Questions

1) 2014 FIFA World Cup was the ..... FIFA World Cup?
Ans. 20th

2) Which country hosted the FIFA World Cup 2014?
Ans. Brazil

3) The FIFA 2014 was held from __ to __?
Ans. 12th June to 13th July

4) Brazil had earlier hosted FIFA WC in which year?
Ans. 1950

5) How many countries participated in the FIFA WC 2014?
Ans. 32

6) Name the two new technologies used for the first time at a World Cup in 2014?
Ans. Goal-line technology and vanishing foam for free kicks.

7) When was the first FIFA World cup held?
Ans. 1930

8) Name the countries which have so far lifted FIFA WC since it's starting in 1930?
Ans. Argentina, Brazil, England, France, Germany, Italy, Spain and Uruguay

9) Which was the first team to be eliminated from FIFA WC 2014?
Ans. Spain (the champions of 2010 WC)

10) Germany lifted the FIFA WC 2014 defeating which team in the finals?
Ans. Argentina (By 1-0 margin)

11) Which team became the first European team to win a World Cup in the Americas?
Ans. Germany

12) Germany's win marked the first time that sides from the same continent had won three successive World Cups. Who were the earlier winners in 2010 and 2006?
Ans. 2010- Spain & 2006- Italy

13) Germany qualified for which tournament winning the world Cup?
Ans. 2017 FIFA Confederations Cup

14) First match of FIFA 2014 was between?
Ans. Brazil and Croatia

15) Who scored the first goal of FIFA WC 2014?
Ans. Marcelo of Brazil (It was a self-goal which earned Croatia the lead in the 11th minute.) But at the end Brazil won the match 3-1 with Neymar scoring 2 goals and
Oscar one.

16) Who was the referee in the opening match?
Ans. Yuichi Nishimura from Japan

17) Who was the referee in the final match?
Ans. Nicola Rizzoli from Italy

18) Total how many venues where there for FIFA WC 2014?
Ans. 12

19) Which stadium hosted the final match between Germany and Argentina?
Ans. Maracana Stadium, Rio de Janeiro

20) Which was the official match ball of the 2014 FIFA World Cup?
Ans. Adidas Brazuca

21) Brazuca was manufactured in which country?
Ans. Sialkot, Pakistan

22) Which country reached their first quarterfinals since 1986 in FIFA WC 2014?
Ans. Belgium

23) Name the two first-time quarterfinalists in FIFA WC 2014?
Ans. Colombia and Costa Rica

24) Which country set a World Cup record with four consecutive semi-final appearances in FIFA WC 2014?
Ans. Germany

25) Who beacme the first player to appear in four World Cup semi-finals inFIFA WC 2014?
Ans. Miroslav Klose

26) Miroslav Klose broke whose record with 16 goals to become the highest scorer in the history of FIFA 2014?
Ans. Ronaldo

27) Which team secured third place in FIFA WC 2014?
Ans. Netherlands. The defeated Brazil 3–0 in third place play-off.

28) Germany and Argentina faced each other in how many WC finals?
Ans. Three (1986, 1990 and 2014)

29) Who was awarded the Golden Boot for scoring six goals in FIFA WC 2014?
Ans. James Rodríguez of Colombia. He was followed by Thomas Müller- 05, Lionel Messi, Neymar and Robin van Persie with 04 goals.

30) How many goals were scored in FIFA WC 2014 in total?
Ans. 171 goals by 121 different players.

31) How many self-goals were there in FIFA WC 2014?
Ans. 05

32) Which player was suspended during FIFA WC 2014 for nine international matches and banned from taking part in any footballing-related activity (including entering any stadium) for four months, following a biting incident on Italian defender Giorgio Chiellini?
Ans. Luis Suárez of Uruguay

33) Who scored the two hat-tricks of FIFA WC 2014?
Ans. Thomas Muller of Germany and Xherdan Shaqiri of Switzerland

34) Who won the Golden Ball in FIFA 2014 as best player of the tournament?
Ans. Lionel Messi of Argentina

35) Who was awarded the Golden Glove for best goal keeper?
Ans. Manuel Neuer of Germany

36) Who was given the Best Young Player award in FIFA WC 2014?
Ans. Paul Pogba of France

37) Which team won FIFA Fair Play Trophy?
Ans. Colombia

38) Which country will host the next FIFA WC in 2018?

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Banking Quiz

Question 1: The most important responsibility of a manager is _____.
a) Decision Making
b) Getting Discount
c) Developing Product
d) None of these

Question 2 MDSS stands for _____.
a) Market Decision Software System
b) Manager Decision Support System
c) Marketing Decision Support System
d) Manager Decision Software System

Question 3: Cult Brand is defined as _____.
a) a product or service with energetic & loyal customer base
b) a product or service with demand
c) a product or service with less sale & more profit
d) All the above

Question 4: The process of selling an additional product with a product is called as ______.
a) Direct Selling
b) Indirect Selling
c) Cross Selling
d) Personal Selling

Question 5: Marketing strategy that directly invites customers to participate in the brand promotion is known as _____.
a) Consumer Marketing
b) Target Marketing
c) Brand Marketing
d) Engagement Marketing

Question 6: Consumer Protection Act was passed in the year _____.
a) 1982
b) 1988
c) 1985
d) 1986

Question 7: Abbreviation for RSS is ______.
a) Really Simple Syndication
b) Real Sample Syndication
c) Really Simple System
d) Real Sample System

Question 8: Marketing concepts and techniques to achieve the goals of social good is known as ______.
a) Societal Marketing
b) Social Marketing
c) Product Marketing
d) None of these

Question 9: The pillar of the marketing concept is ______.
1) Customer Need 2) Target Market 3)Profitability
a) 1 & 2
b) 1 & 3
c) 2 & 3
d) 1, 2 & 3
e) None of these

Question 10: The Potential customer of bank is one who_____
a) Opens account in the bank
b) Works in the bank
c) Borrows fund from the bank
d) All of these

Answers
1) Answer : a) Decision Making
2) Answer : c) Marketing Decision Support System
3) Answer : a) a product or service with energetic & loyal customer base
4) Answer : c) Cross Selling
5) Answer : d) Engagement Marketing
6) Answer : d) 1986
7) Answer : a) Really Simple Syndication
8) Answer : b) Social Marketing
9) Answer : d) 1, 2 & 3
10) Answer : c) Borrows fund from the bank

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GK + Computer Questions Asked SBI PO Exam 5 July 2014 (Morning Shift)

Dear readers, here we are posting some of the questions of GK and Computer sections which was asked in today's SBI PO Exam (Morning Shift).

Following questions were shared by our readers with us.

GK Question

1. Who won French open Men’s Title – Rafal Nadal

2. Name the leader of anti apartheid movement in who’s honour award is being named: Nelson Mandela

3. CASA full form: Current Account Saving Account

4. G7 summit held in: Brussels (Belgium). 

5. Former Indian captain in Mudgal committee: Sourav Ganguly 

6. Maximum amount drawn through ATM in a day?

7. Who cannot issue CD (certificate of deposit)?

8. One question on SAARC Nations? 

Some Computer Question

1. One question on ROM?

2. One question on Motherboard?

3. Limit to withdraw from POS?

4. One question on Operating System?

For More Updates Please Like ~ https://www.facebook.com/BankNotification

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Banking Notes for RBI & SBI exams

Hello readers, here we are posting some notes on General Knowledge (Banking), which will be helpful in the upcoming RBI and SBI exams.

                                          Quick Notes

RBI: 

The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the RBI Act, 1934. RBI was nationalized in 1949 and it is fully owned by the Government of India. RBI was established on the recommendation of the Hilton Young Commission.

RBI’s FUNCTIONS:

• Issue of currency notes
• Controlling the monetary policy
• Regulator and supervisor of the financial system
• Banker to other banks
• Banker to the government
• Granting licenses to banks
• Control over NBFIs (Non Banking Financial Institutions)
• Manager of Foreign Exchange of India (also known as FOREX)

RBI & Monetary Policy:

Monetary policy refers to the use of instruments under the control of the central bank to regulate the availability, cost and use of money and credit.

The main objectives of monetary policy in India are:

• Maintaining price stability.
• Ensuring adequate flow of credit to the productive sectors of the economy to support economic growth.
• Financial stability.

There are several direct and indirect instruments that are used in the formulation and implementation of monetary policy.

Direct instruments:

• Cash Reserve Ratio (CRR): The share of net demand and time liabilities that banks must maintain as cash balance with the Reserve Bank.
• Statutory Liquidity Ratio (SLR): The share of net demand and time liabilities that banks must maintain in safe and liquid assets, such as government securities, cash and gold.
• Refinance facilities: Sector-specific refinance facilities (e.g., against lending to export sector) provided to banks.

Indirect instruments:

• Liquidity Adjustment Facility (LAF): Consists of daily infusion or absorption of liquidity on a repurchase basis, through repo (liquidity injection) and reverse repo (liquidity absorption) auction operations, using government securities as collateral.
• Open Market Operations (OMO): Outright sales/purchases of government securities, in addition to LAF, as a tool to determine the level of liquidity over the medium term.
• Market Stabilisation Scheme (MSS): This instrument for monetary management was introduced in 2004. Liquidity of a more enduring nature arising from large capital flows is absorbed through sale of short-dated government securities and treasury bills. The mobilised cash is held in a separate government account with the Reserve Bank.
• Repo/reverse repo rate: These rates under the Liquidity Adjustment Facility (LAF) determine the corridor for short-term money market interest rates. In turn, this is expected to trigger movement in other segments of the financial market and the real economy.
• Bank rate: It is the rate at which the Reserve Bank is ready to buy or rediscount bills of exchange or other commercial papers. It also signals the medium-term stance of monetary policy.

Some Key financial terms:

• 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: Immediate 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.
• BCBS: Basel Committee on Banking Supervision is an institution created by the Central Bank governors of the Group of Ten nations.
• 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.
• MICR Code:  Magnetic ink character recognition (MICR) is a character-recognition technology used mainly by the banking industry to ease the processing and clearance of cheques and other documents. It  is at the bottom of cheques and other vouchers and typically includes the document-type indicator, bank code, bank account number, cheque number, cheque amount, and a control indicator.
• 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.

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