159 Important Abbreviations & Acronyms - Banking & Financial Awareness

Here we present a list of important abbreviations in Financial Awareness Section

1. ABS : Asset-Backed Security 
2. ADs : Authorized Dealers
3. AFS : Available for Sale 
4. ALM : Asset-Liability Management 
5. ATM : Automated Teller Machine 
6. BC : Business Correspondent
7. BCD : Bond, Currency and Derivatives 
8. BCSBI : Banking Codes and Standards Board of India 
9. BFS : Board for Financial Supervision 
10. BIS : Bank for International Settlements 
11. BoP : Balance of payments
12. BPLR : Benchmark Prime Lending Rate 
13. BPO : Business Process Outsourcing
14. BPSS : Board for Regulation and Supervision of Payment and Settlement Systems
15. CAMELS : Capital Adequacy, Asset Quality, Management, Earnings, Liquidity, Sensitivity to risk 
16. CBLO : Collateralized Borrowing and Lending Obligations
17. CBS : Core Banking Solution
18. CCIL : Clearing Corporation of India Ltd. 
19. CDR : Corporate Debt Restructuring 
20. CDs : Certificates of Deposits 
21. CDS : Credit Default Swaps
22. CDSL : Central Depository Services Ltd 
23. CENVAT : Central Value Added Tax
24. CIBIL : Credit Information Bureau (India) Limited 
25. CLF : Collateralised Lending Facility 
26. CLN : Credit Linked Notes
27. CLO ; Collateralized Loan Obligations 
28. CP : Commercial Paper
29. CPI : Consumer Price Index
30. CPI-IW : Consumer Price Index for (Industrial Workers) 
31. CRAR : Capital to Risk-Weighted Assets Ratio 
32. CRR : Cash Reserve Ratio 
33. CRT : Credit Risk Transfer
34. DICGC : Deposit Insurance and Credit Guarantee Corporation
35. DTL : Demand and Time Liabilities 
36. DvP ; Delivery versus Payment
37. ECBs : External Commercial Borrowings 
38. ECS ; Electronic Clearing Service
39. EEFC : Exchange Earner's Foreign Currency 
40. FCA : Foreign Currency Assets
41. FCCBs : Foreign Currency Convertible Bonds 
42. FCEB : Foreign Currency Exchangeable Bond
43. FCNR(A) : Foreign Currency Non-Resident (Accounts) 
44. FDI : Foreign Direct Investment
45. FEMA : Foreign Exchange Management Act 
46. FERA : Foreign Exchange Regulations Act
47. FESFB : Foreign Exchange Stabilisation Fund Bonds 
48. FIIs : Foreign Institutional Investors
49. FIMMDA : Fixed Income Money Market and Derivatives Association of India
50. FMCG : Fast Moving Consumer Goods 
51. FRAs : Forward Rate Agreements
52. FRBM Act : Fiscal Responsibility and Budget Management Act 
53. GATS : General Agreement on Trade and Services 
54. GDP : Gross Domestic Product
55. GDR : Global Depository Receipt 
56. G-Sec : Government Securities
57. IBA : Indian Bank's Association
58. ICICI : Industrial Credit and Investment Corporation of India
59. IDBI : Industrial Development Bank of India 
60. IDR : Indian Depository Receipt
61. IIP : Index of Industrial Production
62. ILAF : Interim Liquidity Adjustment Facility 
63. IMF : International Monetary Fund 
64. IPO : Initial Public Offering
65. IRDA : Insurance Regulatory and Development Authority of India 
66. JV : Joint Venture
67. KCC : Kisan Credit Card
68. KYC : Know Your Customer
69. LAF : Liquidity Adjustment Facility
70. LERMS : Liberalised Exchange Rate Management System 
71. LIBOR : London Inter-Bank Offered Rate 
72. LIC : Life Insurance Corporation 
73. LOLR : Lender of Last Resort
74. M1 : Narrow Money
75. M3 : Broad Money
76. MCAP : Market Capitalisation
77. MFI : Micro Finance Institution
78. MIBOR : Mumbai Inter-Bank Offered Rate
79. MIFOR : Mumbai Inter-bank Forward Offered Rate 
80. MMIs : Money Market Instruments 
81. MMMFs : Money Market Mutual Funds
82. MoU ; Memorandum of Understanding 
83. MSS : Market Stabilisation Scheme
84. NABARD : National Bank for Agriculture and Rural Development
85. NASDAQ : National Association of Securities Dealers Automated Quotation System
86. NBC : Net Bank Credit
87. NBFCs : Non-Banking Financial Companies
88. NCDs : Negotiable Certificates of Deposits
89. NDS : Negotiated Dealing System
90. NDTL : Net Demand and Time Liabilities
91. NEER : Nominal Effective Exchange Rate
92. NEFT : National Electronic Funds Transfer
93. NPAs : Non-Performing Assets
94. NPCI : National Payments Corporation of India
95. NSDL : National Securities Depository Limited
96. NSE : National Stock Exchange of India Limited
97. OD : Over Drafts
98. OIS : Overnight Index Swap
99. OMOs : Open Market Operations
100. OTC : Over-the-Counter
101. OTCEI : Over-the-counter Exchange of India
102. PAN : Permanent Account Number
103. PCs : Participation Certificates
104. PDs : Primary Dealers
105. PLR : Prime Lending Rate
106. PPP : Purchasing Power Parity
107. PSU : Public Sector Undertaking
108. REER ; Real Effective Exchange Rate
109. RIBs : Resurgent India Bonds
110. RIDF : Rural Infrastructure Development Fund
111. RMDS : Reuters Markets Data System
112. RNBCs : Residuary Non-Banking Companies
113. RRBs : Regional Rural Banks
114. RTGS : Real Time Gross Settlement
115. SACP : Special Agricultural Credit Plan
116. SARFAESI : Securitisation and Reconstruction of Financial Assets and Enforcement of Security interest
117. SCARDB : State Co-operative Agricultural and Rural Development Bank
118. SCB : State Co-operative Bank
119. SCBs : Scheduled Commercial Banks
120. SDDS : Special Data Dissemination Standards
121. SDs : Satellite Dealer 
122. SEBI : Securities and. Exchange Board of India
123. SGF : Settlement Guarantee Fund
124. SHCIL : Stock Holding Corporation of India Limited
125. SHG : Self Help Group
126. SIDBI : Small Industries Development Bank of India
127. SIP : Systematic Investment Plan
128. SLBC : State Level Bankers Committee
129. SLR : Statutory Liquidity Ratio
130. SME : Small and Medium Enterprises
131. SPMCIL : Security Printing and Minting Corporation of India Ltd.
132. SPV : Special purpose Vehicle
133. SR : Security Receipt
134. SROs : Self Regulatory Organisations
135. SSI : Small Scale Industries
136. STCCS : Short-Term Co-Operative Credit Structure
137. STCI : Securities Trading Corporation of India
138. STP : Straight Through Processing
139. STRIPS : Separate Trading of Registered Interest and Principle of Securities
140. STT : Securities Transactions Tax
141. TBs : Treasury Bills
142. TDS : Tax Deducted at Source
143. TIPS : Treasury Inflation Protected Securities
144. TRS : Total Return Swap
145. UCBs : Urban Co-operative Banks 
146. UIP : Uncovered Interest Parity 
147. UTI : Unit Trust of India
148. VAR : Vector Auto Regression 
149. VaR :Value at Risk
150. VCF : Venture Capital Fund 
151. VSAT : Very Small Aperture Terminal 
152. VTR : Value Traded Ratio
153. WDM : Wholesale Debt Market
154. WMA : Ways and Means Advances 
155. WOS : Wholly Owned Subsidiaries 
156. WPI : Wholesale Price Index 
157. WTO : World Trade Organisation 
158. YTM : Yield to Maturity
159. ZCB : Zero Coupon Bonds

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GK Questions Asked In IBPS RRB Assistant 27/09/2015 Evening Shift

Here we are sharing some of the questions answers asked in today's IBPS RRB Assistant exam.

1. What is Yoga Express train name - 19031/19032 Ahmedabad Haridwar Yoga Express

2. What is Capital of Uzbekistan? - Tashkent

3. Maximum available overdraft in Pradhan Mantri Jan Dhan Yojana (PMJDY)  - Rs. 5000

4. International Day of Peace - 21 September

5. 'Dhanchayat' -which bank made an educational film- HDFC Bank

6. Mettur Dam is on which river- Kaveri River

7. Pradhan Mantri Suraksha Bima Yojana (PMSBY) is available at a premium of - Rs. 12 per year

8. Minimum amount for opening PMJDY A/C - Zero Rupees.

9. Hungary currency - Hungarian Forint

10. Joshna Chinappa is associated with which sport - Squash

11. RBI received how many applications for small finance banks - 72

12. SEBI & FMC merger date - 28th September

13. RBI fines 16 banks for what - For non-adherence of the Know Your Customer and Anti-Money Laundering guidelines

14. Kisan Vikas Patra minimum amount - Rs. 1000

15. Wimbledon Mix Doubles Winner 2015 - Hingis & Paes

16. Mahila bank headquarter -New Delhi

17. 30 womens book auther - Naina Kidwai

18. Jeevan jyoti premium amount - Rs. 330

19. Solar power project production - 1 lakh MW to 2022

20. Reason why Govt has put compulsion of PAN on above 1 lac gold purchase? - Money Laundering

21. Rock garden is build by- Nek Chand

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GK Questions Asked In IBPS RRB Assistant 27/09/2015 Morning Shift

Here we are sharing some of the questions answers asked in today's IBPS RRB Assistant exam.

1. Full Form of GIFT - Gujarat International Finance Tech-City

2. Small banks minimum capital - Rs. 100 crore

3. Egypt's Capital - Cairo

4. Argentina's Currency - Peso

5. Sukriti Kanya Yojana Maximum limit in a year - Rs. 1.5 Lakhs

6. US Open winner men - Novak Djokovic

7. Origin of Bhramhaputra river - Chemayungdung

8. Asia's largest river -Yangtze

9. Current Chairman of the International Cricket Council (ICC)? - Narayanaswami Srinivasan

9. Minimum fine announced by Sebi for the companies without women director - Rs 50,000

10. Question related to Ashoka dynasty - Maurya Dynasty

11. Author of A tale of two cities - Charles Dickens

12. The Pacific Ring of Fire wraps around the Pacific Ocean, including countries - Japan, Canada, New Zealand and Chile

13. Where is Minakshi Temple located? - Madurai, Tamil Nadu

14. For WiFi connections, Indian Railways joins hand with - Google

15. Who launched "Niryat Bandhu@Your Desktop" An Online Certificate Programme in Export Import Business?- Directorate General of Foreign Trade (DGFT)

16. Under the Pradhan Mantri Krishi Sinchai Yojana (PMKSY), Government expected to spend will spend ----- crore - Rs 50,000

17. World Water Day - March 22
Full form of LAF - Liquidity adjustment facility 

18. On the International Day of Yoga, June 21, 2015, who set the world record in Dubai for a 61-minute headstand? - Ivan Stanley

19. Chillr App is launched by which bank -  HDFC

20. Total Control Debit Card was launched by - Axis Bank

21. LIBOR -London Inter Bank Offered Rate

22. Britains longest-reigning monarch after surpassing Queen Victorias rule of over 63 years? - Queen Elizabeth II

23. FDI, under the automatic route, for white label ATM (WLA). - 100%

24. New Home Secretary in place of LC Goyal? - Rajiv Mehrishi

25. Finance minister Arun Jaitley proposed to abolish - Wealth Tax

26. Misar is a town in the - Serbia

27. What is the currency of Cuba? - Cuban peso, Cuban convertible peso

28. What does NPA stand for?  - Non-Performing Asset

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List of Recipients of Bharat Ratna Award

Here we present you a complete list of Bharat Ratna Award Recipients 

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Tip : Save Above images to Your Smartphone to revise topics on the go

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Test of Divisibility of a number

Hi Friends,

Lets learn about divisibility of a given number by another  numbers. These rules are really helpful while calculating other examples of Quantitative Aptitude or Numerical Ability Section of all the examinations. 

Download Above Infographics

Group 1

Divisibility By 2:  

     A number is divisible by 2, When number’s unit digit (last digit) is divisible by 2. Means last digit should be one of 0,2,4,6,8.

     e.g. 14,28,522.

Divisibility By 4:  

     A number is divisible by 4,  When a number formed by last two digit is divisible by 4. 

     e.g. 1416, here number formed by last two digit is 16 which is divisible by 4. so the whole number 1416 is divisible by 4

Divisibility By 8:  

     A number is divisible by 8 When a number formed by last three digit is divisible by 8. 

e.g. 11328 here a number formed by last three digit is 328 which is divisible by 8. so the whole number 11328 is divisible by 8.

Group 2

Divisibility By 3:  

     A number is divisible by 3  When a sum of all digits is divisible by 3.

     e.g. 1362. here 1+3+6+2=12 and 12 is divisible by 3 so the number 1362 will be divisible by 3.

Divisibility By 9:  

     A number is divisible by 9 When a sum of all digits is divisible by 9.

     e.g. 7092. here 7+0+9+2=18 which is divisible by 9 so the number 7092 will be divisible by 9.

Group 3

Divisibility By 5:  

     A number is divisible by 5 When the unit digit is 0 or 5.

Divisibility By 10:

     A number is divisible by 10 When the unit digit is 0.

Download Above Infographics

 Group 4

Divisibility By 7:

     To check divisibility by 7, Take the last digit in an number, double the last digit and subtract it from the remaining number. Now check if the result is divisible by 7. For larger(4 digit) numbers repeat the process.

Simply, “if the difference of double of last digit and remaining number is 0 or divisible by 7”

Lets take an example,

Ex-1: 686 , here last digit is 6, so double of last digit is 12. so subtracting 12 from the remaining number i.e. 68 - 12 = 56. here we can say easily 56 is divisible by 7 and so 686 will also be divisible by 7.

Ex-2: 3794, here last digit is 4, so double of last digit is 8. so subtracting 8 from the remaining number i.e.379 - 8 =371. here by first observation we can't say whether 371 is divisible by 7 or not. so lets repeat the process for 371. 

last digit is 1 , subtracting its double from remaining number 37-2=35. which is divisible by 7. so the given number 3794 is divisible by 7. 

Procedure for divisibility of another numbers in this group are similar with some differences. so i will only point out the differences here for the next three numbers. You should try the method and check divisibility of some numbers yourself.

Tip : Save the infographics to your computer or mobile. And revise on the go.

Divisibility By 13:

     To check divisibility by 13, take the last digit then if the sum of 4 times of last digit and remaining number is divisible by 13.

Divisibility By 17:

     To check divisibility by 17, take the last digit then if the difference of 5 times of last digit and remaining number is divisible by 17.

Divisibility By 19:

      To check divisibility by 19, take the last digit then if the sum of double of last digit and remaining number is divisible by 19.

To remember the divisibility rules of 7,13,17 & 19 properly see the orange coloured words in the picture above.

Download Above Infographics

Divisibility By 11:

To check divisibility by 11, take difference between the sum of number placed at even and odd places. If the difference is divisible by 11 or the difference is 0 then the number is divisible by 11.

 E.G. 49731,

here the odd placed number's sum: 1+7+4=12

even placed number's sum: 3+9=12

so difference between sum of even and odd place is 0. so 49731 is divisible by 11.

Divisibility By Composite Numbers (14,15,24...)

A number(X) is divisible by another composite number(Y) if X is divisible by both co-prime factors (p & q) of Y

e.g. given number is 3072.

Lets check divisibility by a composite number 12.

Here X = 3072 , Y = 12, and p=4, q=3. 

where 4 & 3 are two coprime factors of 12.

Now for divisibility by 3, 3+0+7+2=12. so 3072 is divisible by 3.

For 4, last two digits 72 is divisible by 4 , so 3072 is also divisible by 4.

so 3072 will also be divisible by 12.

Another Examples of Composite number divisibility are given in the above infographics.

Hope you find this article informative, if you have any suggestions then please share in the comments below.

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Number System: 15 types of Numbers and concepts related to it

Hi Friends,

Let me introduce you to a basic but very important topic NUMBER SYSTEM. All the government exam aspirants must have through knowledge of this topic. Almost all the Quantative Aptitude or Numerical Ability books start with this topic so you must have read the topic earlier, but I am sure still you will find some missing points here.

Download Above Infographics  

Look at the image above which is a Number system hierarchy divided into 15 types, Lets go in details of each type. 

Numbers are mainly devided in two types. 

• Imaginary Numbers : Any Number multiplied by i ( where i = √-1  )
• Real Numbers : everything except imaginary numbers.

Point to remember: Imaginary numbers have this  i , and the value of i is root of minus one.  We can not find the root of minus (negative) numbers, and that’s the reason imaginary numbers are shown as multiples of i.

Real Numbers

Lets go in further details of Real Numbers, they are divided in 

• Rational Numbers : are numbers that can be written as a ratio (x/y) . This includes all the fractions and whole numbers. (note: whole numbers can be shown as ratio of number itself and 1, so they are also rational numbers)
• Irrational Numbers: can be written as decimals but not as a fraction. Irrational numbers have endless digits to the right of decimal point. (e.g.  π=3.141592…, √2=1.414213….)

Rational Numbers

Rational Numbers are further divided into

•       Integers : Integers are Integrals, they contain no fractional or decimal parts.                               (….-3,-2,-1,0,1,2,3…)
•       Non Integers : non integers are of two type, Fractions (x/y) and Decimals (5.56)

Integers

Integers are further contain following types.

    

• Whole Numbers: All non negative integers are whole numbers. (0,1,2,3…) 
• Negative Integers: Integers which are not whole numbers (….,-3,-2,-1)

Whole Numbers

Whole Numbers are further divided to below mentioned types.

• Even Numbers : are numbers divisible by 2.
• Odd Numbers: are numbers not divisible by 2.
• Prime Numbers: are numbers that have only two factors one is the number itself and another is ‘1’. These numbers are not divisible by another numbers except 1.
• Composite Numbers: are numbers that have more than two factors.

“Prime Numbers Up to 100: 2, 3, 5, 7, 11, 13, 17, 19, 23, 29, 31, 37, 41, 43, 47, 53, 59, 61, 67, 71, 73, 79, 83, 89, 97”

How to find out whether given number ( X>100 ) is prime or not?

Suppose given number is ”X”, then find a smallest square number nearly greater than “X”.

Lets say “Y” is a nearest square number, check the divisibility of all the prime numbers less than √Y, if “X” is not divisible by any prime number less than √Y then X is a prime number.

e.g. Say given number is X= 191

then smallest square greater than X is Y=196

so √Y=14

Now prime numbers less than 14: 2,3,5,7,11,13

Now check divisibility of X=191 by all above prime numbers.

Its not divisible by any of above numbers so 191 is a prime number.

Place value & Face value:

Face Value of a digit is a value of digit itself. In Decimal number system the value of a digit depends on its place. The value of digit is 10 times higher than same number placed on right side before decimal point.

e.g. 834 = 800 + 30 + 4 

here a place value of 8 is 800, while that of 3 is 30, and of 4 is 4. While face value of the three digits remain same 8,3 and 4.

Co-primes: Two Numbers are said to be co-primes if their HCF is 1.

Important Points to remember:

1. “0” is the only whole number which is not Natural Number
2. Every Natural Number is a Whole Number. In other words Natural Numbers are subset of Whole Numbers.
3. 1 Million = 10⁶ = Ten lac
4. 1 Billion = 10⁹  = 100 crore

Hope the article will be useful in your upcoming IBPS PO, IBPS clerk and all other examinations.

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What is FDI & Latest FDI Limits

FDI 

Foreign Direct Investment

FDI is a very hot topic which is asked frequently in almost all type of exams like SSC, Railways, IBPS etc..

In simple words FDI means an investment of more than 10% share value by an Foreign company in  any other Domestic company.

If the investment is less than 10% then the investor is called FII ( Foreign Institutional Investment).

Below are the latest FDI limits as on September-2015

100 % in 

• Agriculture
• Asset Reconstruction Company
• Courier 
• Education
• Pharma 
• Railway Infrastructure
• Telecom
• Tourism
• Single Brand Retail

74 % in

• Credit Information 
• Private Sector Banks
• DTH, Cable Tv, Mobile Tv, HITS( Headend in the sky broadcasting service)
• Satellites

51% in

• Multi Brand Retail

49% in

• Civil Aviation
• Defence 
• Insurance
• Pension 
• Power
• Stoke Exchange
• Private Security Agency

26% in

• FM Radio
• Print Media

20% in

• PSB ( Public Sector Banks)

We hope this article will be useful.

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