1-The term ASBA (Applications Supported by Blocked Amount) is used in Capital market financial services.
2- For lending to the priority sector, the RBI has demanded all regional rural bank (RRBs) to increase the limit for home loans form Rs. 5 lakh to Rs. 10 lakh.
3-When a bank provides loan for purchase of white goods, it is categorised as Consumer Durable Loan
4-CAPART is the name of an organization (autonomous) for rural technology.
5-Cheque, Bill of Exchange and Promissory Notes are negotiable instruments.
6-Gilt-edged market means market of government securities.
7-In the last one decade, Telecommunication sectors has attracted the highest foreign direct investment inflows into India.
8-Depreciation means loss of equipment over time due to wear and tear.
9-Deficit financing implies public expenditure in excess of public revenue.
10-Foreign Direct Investment ceilings in the telecom sector have been raised from 74 percent to 100 percent
11-Paper currency first started in India in 1861
12- The ARDC is now a branch of the NABARD.
13-Since 1983, the RBI’s responsibility with respect to regional rural banks was transferred to NABARD
14-Short-term finance is usually for a period ranging up to 12 months.
15-In India, Ministry of Finance formulates the fiscal policy.
16-The budget deficit means difference between all receipts and all the expenditure.
17-Subsidies mean payment made by the government to business enterprises, without buying any goods and services.
18-National expenditure includes
A. consumption expenditure
B. investment expenditure
C. government expenditure
19-The apex body for formulating plans and coordinating research work in agriculture and allied fields is Indian Council of Agricultural Research
20-14 banks were nationalized in 1969.
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