Banking And Finance Flashcards
(47 cards)
Which are among finance committee?
- Estimates committee
- The public accounts committee (PAC)
- The committee on Public Undertakings (CoPU)
Vikas Siri Sampath-1111
Karnataka Vikas gramin bank launched a new deposit scheme “ Vikas siri Sampath-1111” the scheme is of
tenor of 1,111 days with
interest rate of 5.70% for general public
and 6.20% senior citizens
8 National missions on climate change
- National solar mission
- National mission for enhanced energy efficiency
- National mission on sustainable habitat
- National water mission
- National mission for sustaining the Himalayan ecosystem
- National mission for green India
- National mission for sustainable agriculture
- National mission on strategic knowledge for climate change
National clean air program
Launched in year 2019
Objective- stringent implementation of mitigation measures for prevention ,control and abatement of air pollution
-20% to 30% reduction in particulate matter concentration by 2024 keeping 2017
- air quality of cities is monitord by state pollution control boards
Green skill development program
Launched in 2008
To ensure ecological economic growth and
to facilitate INDCs(intended nationally determined contribution)
Implementation by PM council on climate change
F a m e India scheme { phase 2 }
Faster Adoption and Manufacturing of hybrid and Electrical vehicles
Scheme launched from 2019 to 31st March 2022
Prevent the use of petrol and diesel type vehicles
it was an integral part of the “ national electric mobility mission” plan
Government extended FAME 2 scheme for 2 years till “31st March 2024”.
“Public sector banks” offered how much “unsecured loan” for the treatment of covid-19 patients
Up to rupees “₹5 lakhs” to covid-19 patients payable in 5 years
banks are free to decide their interest rate
SBI would charge interest of 8.5% per annum
Public provision and public production of public goods
Public provision means they are financed through the budget and can be used without any direct payment
Public goods maybe produced by the government or the private sector
When goods are produced directly by the government called public production
“Smart hub Vyapar program” and
“ AutoFirst” app
By HDFC Bank
give a digital push to small business loans
Financial institution has onboarded over 2.7 million retailers
Buying hundred thousand retailers each month
“AutoFirst” app provide automated auto loans.
NABARD + Arthimpact digital loans= SHG
Nabard partnership with FINTECH firm “ARTHIMPACT digital loans” to provide
end to end fintech solution
including skilling ,microfinance services and forward linkage support to self help group(SHG) members
In which country CSR mandatory in 2013?
As per companies act 2013 ,
India become first country to legislate
the need to Undertake CSR activities and
mandatory report CSR initiative
Inflation target in India set up by?
Based on RBI act 1934 ,
Both Government of India and RBI together sets the inflation target for the country
for a period of 5 years.
RBI “financial literacy week” FLW
Started in 2016
Held from 14-18 February 2022
Theme - “GO digital ,go secure”
This theme is one of the strategic objectives of the national strategy for financial education 2020-25.
Focus is on creating awareness about: -convenience of digital transactions ,
- security of digital transactions,
- protection of customers
Loan to India for improving its urban services
By ASIAN development Bank
OF ₹2,644 crores
Loan support Policies established by MoHUA to accelerate
* universal coverage of pipe water supply and *improved sanitation
RBI bucket category
ICICI bank and HDFC Bank = bucket 1
SBI = buckets 3
Bucket 5 being the most important followed by rest in descending order.
India’s list of MSME owned entrepreneurs from schedule caste
First rank Maharashtra with 96,805 enterprises
Second rank Tamilnadu with 42,997 enterprises
Third rank Rajasthan with 38,517 units
Tata neu
Tata group has launch a new super app Tata neu which will offer a variety of services like flight booking, hotel bookings, car buying, groceries, food delivery, investments and more.
Industrialist Gautam Adani LED Adani group has signed a pact of posco to explore business opportunities in sectors like
Steel, renewable energy among others, posco belongs to?
South Korea
RBI recently superseded the BOD of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL), citing governance concerns and payment defaults. Who has been appointed as the administrator of the two NBFCs?
Rajneesh Sharma, Ex-Chief General Manager of Bank of Baroda has been appointed as the administrator of the two NBFCs.
What is the theme of RBI’s recently announced third cohort of Regulatory Sandbox?
MSME lending…
The Reserve Bank of India has granted a banking licence to Unity Small Finance Bank Ltd (USFBL). One of its promoters is _____________.
which was established jointly by the Centrum Financial Services Ltd (CFSL) and Resilient Innovations Private Limited
(BharatPe),
to carry on a SFB business in India.
Know Your Customer {KYC)
KYC is the method of a company that verifies the customer’s identity and assesses possible risks to the business relationship from criminal intentions. The name is also used to relate to the regulations on banks and
anti-money laundering regulations that govern such activities. (RBI) adopted the KYC process to avoid financial fraud, such as identity theft, money laundering and illegal transactions.
Here is a required document serving as identification evidence and address proof Passport Voter ID card Driving Licence PAN card Aadhaar Card
If the document you provide for identity proof does not contain details of the address, you can send another legally valid document containing details of the address such as electricity bill, telephone bill, gas bill, etc.
RBI recently approved ____________________ for commencing international (Cross Border) remittance business under the Money Transfer Service Scheme (MTSS).
FINO Payments Bank
The approval will enable the customers of Fino Payments Bank to receive money sent from foreign countries.
The credit information companies (CICs), or credit bureaus are regulated by _____________
RBI
recently laid down eligibility norms for entities tapping into data from credit information companies (CICs), or credit bureaus.
As per the rules, a company must be owned and controlled by resident Indian citizens to become a specified user with a credit bureau.
