Current Affairs

GK MCQs Section

Page-8 of Archives: April, 2011

Deposit Insurance in India

The idea behind the Deposit Insurance is to boost the faith of the public in the banking system, and provide protection against the loss of deposits to a...

April 23, 2011

Types of Deposits accounts in India

Banks are called custodians of public money and mobilization of the deposits from the public is the most important function of the commercial banks.  Mainly, there are two...

April 23, 2011

Position of Deposits in India

The nationalization of the banks was a turning point in the financial history of the country. It boosted the faith of the public and since then the banks...

April 23, 2011

Functions of Reserve Bank of India

The functions of the Reserve Bank of India can be divided into various heads discussed as below: RBI as Monetary Authority of India RBI works as the monetary...

April 23, 2011

Financial Activities Tax

‘The Financial Activities Tax’ and ‘Financial Stability Contribution’ were propsoed by G-20. The Interim Report of the G-20 on Fair and Substantial Contribution by the Financial Sector of...

April 22, 2011

Understanding Willful Default

Willful default means that a party does not make loan repayment out of its will. There are four conditions when it is assumed that the default is a...

April 22, 2011

Some Questions on NPAs

Classification of the NPAs: The above is a general definition of the Non Performing Assets. Here, please note that the Banks are required to classify nonperforming assets further...

April 22, 2011

Concept of Narrow Banking

Before we move ahead, just give a thought to this question: Consider the following statements: In Narrow Banking, Banks just accept deposits and provide loans. In Narrow Banking,...

April 22, 2011

Takeout Financing Scheme

The much-awaited take-out financing products from India Infrastructure Finance Co (IIFCL) have recently started picking up. On October 12, 2010 Finance Minister Pranab Mukherjee said that: “Development of...

April 21, 2011

Concept of Asset Liability Management (ALM)

This is basically management of the structure of the balance sheet (which comprises the assets and liabilities) in such a way that interest gain is maximized and risk...

April 21, 2011

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