Business/Economy -One Liners

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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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