- Full form of UIDAI is Unique Identification Authority of India.
- Debenture is a stock that a company issues which are backed by assets.
- Unit banking tends to be localized; each bank maintains a single office. In exceptional cases it may also have branches, but within a strictly limited area.
- Surcharge is an additional charge imposed for a specific service, product or purpose. It is a fee charged on a card transaction by the acceptor to cover the additional cost of taking a card rather than cash or cheque.
- Drawee is a person or entity on whom a draft or bill is drawn by the drawer.
- Asian Development Bank (ADB) is a regional development bank to facilitate economic development of countries in Asian Pacific region. It is established in 1966. It is headquartered in Manila (Philippines).
- Disinflation is decrease in the rate of inflation a slowdown in the rate of increase of the general price level of goods and services in the nation’s GDP over time.
- Hard Currency is a currency traded in a foreign exchange market for which is persistently high relative to the supply. E.g. Pound, Euro and Dollar.
- Cheap money policy is that monetary policy in which loans and advances are made available on low interest rate and easy terms to industries, businessmen and consumers.
- The first Bank in India to be given an ISO certification is Canara Bank, headquartered in Bangalore (Karnataka). Slogan of this bank is ‘we are changing for you (or/and) Together we can’.
- EEFC account (Exchange Earner’s Foreign Currency Account) is an account maintained in foreign currency with an Authorized dealer (i.e) a bank dealing in Foreign Exchange.
- Sudarshansen committee is to study the regulatory issues relating to financial technology and digital banking in India.
- Public sector banks in India are banks where majority share that is more than 50% of share is held by government.
- ONICRA is private sector credit rating agency which is set up by Onida finance, headquartered in Gurgaon, India.
- A cheque which is presented for a payment after 3 months from the date of cheque is called Stale cheque.
Test Your Memory Take Quiz
UIDAI stands for
a. Unique Identification Authorisation of India
b. Unique Identified Authority of India
c. Unique Identification Authority of India
d. Uniquely Identified Authority of India
____________ is a stock that a company issues which are backed by assets.
a. Hybrid
b. Debenture
c. Blue-chip
d. Defensive
____________ is a stock that a company issues which are backed by assets.
a. Hybrid
b. Debenture
c. Blue-chip
d. Defensive
Headquarted of Asian Development Bank is located in
a. Vienna
b. Sydney
c. Manila
d. Berlin
_________ is a currency traded in a foreign exchange market for which is persistently high relative to the supply.
a. Hard currency
b. Heated currency
c. Dear currency
d. Soft currency
The first Bank in India to be given an ISO certification is
a. Central Bank of India
b. HDFC Bank
c. Canara Bank
d. UCO Bank
Full form of EEFC account
a. Exchange Earner’s Foreign Currency Account
b. Exchanged Earner’s Foreign Currency Account
c. Exchangable Earner’s Foreign Currency Account
d. Exchanging Earner’s Foreign Currency Account
What is the share of government in Public sector banks?
a. 55%
b. 60%
c. 60%
d. 50%
A cheque which is presented for a payment after 3 months from the date of cheque is called
a. at par cheque
b. crossed cheque
c. stale cheque
d. post dated cheque
