For respective questions with solutions 1-10 , 11-20, 21-30, 31-40, 41-50 and 51-60 go through respect link.
21. What is the Functions of RBI?
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. 29 What is a monetary policy?
A Monetary policy is a process by which the government, central bank, of a country controls
(i) the supply of money,
(ii) availability of money, and
(iii) the cost of money or rate of interest, in order to attain a set of objectives oriented towards the growth and stability of the economy.
22. What is SEZ?
23. What is SIDBI?
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.
24. What are TREASURY BILLS (T-Bills)?
Treasury bills (T-Bills) are the short term liabilities of the central government .theoretically government of India issued three types of T-bills through auctions, namely 91 days, 182days, and 364 days. There are no treasury bills issued by state government. The minimum amount of T –Bills is Rs. 2500and in multiple of RS. 2500.T-bills are issued at a discount and are redeemed at par from 1st April 1997 treasury bills have been replaced by WAYS AND MEANS ADVANCES.
25. What is COMMERCIAL PAPER (CP)?
Commercial paper was introduced by RBI in 1991. It is a short term money market instrument issued in the form of promissory note.Corporate; primary dealers and all India financial institution are eligible to issue CP. The maturity period of each commercial paper is 7days to 1year from the date of issue.CP can be issued denominations of Rs. 5lakh or multiples thereof. Only a schedule bank can act as an issuing and paying an agent (IPA) for the issuance of CP.
26. What is CRM?
Customer Relationship Management (CRM) refers to the ability to understand, anticipate and manage the needs of the customer, interaction and relationship resulting in increased profitability through revenue and margin growth and operational efficiencies.
27. 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 governments.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
28. What is Recession?
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.
29. What is dematerialisation?
Dematerialisation is a process by which the paper certificates of an investor are taken back by the company/registrar and actually destroyed and an equivalent number of securities are credited in electronic holdings of that investor.
30. What is Derivative?
A derivative is a financial contract that derives its value from another financial product/commodity (say spot rate) called underlying (that may be a stock, stock index, a foreign currency, a commodity). A forward contract in a foreign exchange transaction, is a simple form of a derivative.