Reserve Bank of India Top 100 Questions – Solved
1. Reserve Bank of India was established on _______. a) April 1, 1935 b) July 12, 1982 c) May 26, 2006 d) September 30, 2005 Answer and Explanation a) April 1, 1935 The Reserve Bank of India, which is the central bank of this country, was established.under RBI act 1934. It was originally started as […]
Reserve Bank of India
RESERVE BANK OF INDIA (Central Bank of India) • The RBI was established under the Reserve Bank of India Act, 1934 on 1st April 1935. • It was Nationalized on 1st January 1949. It was the Central Bank of India. • The Central Office of the Reserve Bank was initially established in Calcutta but was […]
Important Banking Terminologies 101 to 150
101. Discount Bond: A bond selling below par, as interest in-lieu to the bondholders. 102. Dishonour of Cheque: Non-payment of a cheque by the paying banker with a return memo giving reasons for the non-payment. Default Risk: The possibility that a bond issuer will default ie, fail to repay principal and interest in a timely […]
Important Banking Terminologies 51 to 100
51. Book Value: The amount of stockholders’ equity in a firm equals the amount of the firm’s assets minus the firm’s liabilities and preferred stock. 52. Bouncing of a cheque: A bounced check is slang for a check that cannot be processed because the account holder has non-sufficient funds (NSF). Banks return or bounce these […]
Important Banking Terminologies 01 to 50
1.Account Agreement The contract governing your open-end credit account, it provides information on changes that may occur to the account. 2. Account History: The payment history of an account over a specific period of time, including the number of times the account was past due or over limit. 3. Account Holder: Any and all persons […]