Business/Economy -Important Points For Exam

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1-Many times we read a term “ECB” in financial newspapers. What is the full form of ECB – External Commercial Borrowing

2- HDFC has launched “Dhanchayat” an educational film to raise awareness on the dangers of borrowing money from unorganised sources.

3- If a company which is not a non – banking financial company wants to collect public deposits, it is governed by Companies Act 1956 Act

4- China country launched world first Facial recognition ATM.

5- SBI Life has launched a Smart Humsafar Plan, a unique plan which offers multiple benefits of savings and insurance cover for husband and wife under a single policy.

6-Biometric Card Reader type of machine is used by Business Correspondents

7- According to the Socio Economic and Caste Census (SECC) which among the following states in India has highest per cent of Urban BPL households? -Manipur

8-Union Government has decided to set up a Bank Board Bureau (BBB) to monitor key performance indicators of two dozen public sector banks (PSBs). BBB will start functioning from 1st April 2016

9- Accounts in which shares of various companies are traded in electronic form are known as “Demat Accounts”.

10- Payment of a cheque may be countermanded by the drawer

11-National Investment and Infrastructure Fund (NIIF) is a fund created by the Government of India for enhancing infrastructure financing in the country. To be operational by the year end, the headquarter of NIIF will be located in Mumbai.

12-Special Drawing Rights (SDRs) are international foreign exchange reserve assets issued by IMF

13-Rs 5000 is the maximum monthly pension for the subscribers under Atal Pension Yojana

14-Rs. 500 crore is the minimum capital requirement for New Banks in the Private Sector

15- ICICI bank has tied up with Chinese ecommerce giant Alibaba to provide easier trade finance to small and medium enterprises (SMEs) in the country

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