July 14, 2017

Banking Awareness #11 for IBPS, SBI, RBI, UPSC exams

Banking Awareness  for IBPS PO, IBPS Clerk, SBI PO, SBI Clerk, RBI, LIC, NICL, RRB, UPSC, SSC exams


  1. Cash credit and overdraft accounts when it remains out of order for a period more than 90 days, then it should be treated as _____.
  2. What is the charge created by banks when sanctioning loan on movable property?
  3. Under which act does registration with Registrar of Assurance covered?
  4. What is a document of title of goods described therein?
  5. What is to be provided by the customer to the bank when he applies for duplicate Demand Draft?
  6. What ensures transparent and fair relationship between bank and customers?
  7. Where is the Headquarters of International Bank of Reconstruction and Development located?
  8. What is the right that the guarantor gets from the creditor to recover the amount from the debtor when the debtor fails to pay the loan, which then will be recovered from the guarantor?
  9. What is the charge created by the banks when issuing loans on insurance policies?
  10. When does the Agricultural short term loans treated as Non performing Assets?
  11. Expand ZBA.
  12. What is the scheme introduced by the Reserve Bank of India in December 1969 on the recommendations of Gadgil and FKP Nariman committees?
  13. Into how many categories does RBI categorised Non Banking Finance Companies?
  14. When did CRESAI became operational?
  15. Expand CRESAI.
Banking Awareness for IBPS, SBI, RBI, UPSC exams

Answers


  1. Non performing assets
  2. Mortgage
  3. Indian Registration Act
  4. Bill of Lading
  5. Indemnity
  6. Corporate governance
  7. Washington DC
  8. Right of Subrogation
  9. Assignment
  10. If the interest is overdue for two crop seasons
  11. Zero Balance Account
  12. Lead Bank Scheme
  13. Eight
  14. March 31, 2011
  15. Central Registry of Securitisation Asset Reconstruction and Security interest of India
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Simple Interest & Compound Interest - Quantitative Aptitude for IBPS, SBI, RBI exams

Simple Interest & Compound Interest - Quantitative Aptitude for IBPS PO, IBPS Clerk, SBI PO, SBI Clerk, RBI, CSAT, SSC, LIC, NICL exams


Interest is like consideration given by a borrower of money to the lender for the use of the mony borrowed or lent.

Terminoloy


→ Principal, P = sum of the money deposited or loaned
→ Interest, I = money paid by the borrower calculated on the basis of principal
→ Time, T = The duration for which the money is borrowed
→ Rate of Interest,⇒= rate at which the interest is charged on the principal
→ Amount, A = Principal, P + Interest, I
→ Simple Interest, SI = Fixed percentage of the principal
Compound Interest, CI = The amount received at the end of the period or first year becomes principal for the next period or second year and so on.
The interest is calculated on the new principal at the end of every time period

Simple and Compound Interest - Quantitative Aptitude for IBPS, SBI, RBI, CSAT, SSC, CAT exams

Formulas

⇒ Simple Interest SI 

⇒ Compound Interest CI

⇒ Difference between Compound Interest and Simple Interest for two years


⇒ Difference between Compound Interest and Simple interest for three years


⇒ The CI in the n th year is X and CI in n+1 th year is Y, then the rate of interest R is


⇒ A principal amounts to X times in T years at Simple Interest. In how many years will it becomes Y times


⇒ A principal amounts to X times in T years at Compound Interest. In how many years will it becomes Y times.


⇒ The total SI in the first two years is Rs. X and the total CI in the first two years is Rs. Y. What is the Rate of interest, if both the Principal and Rate of interest are same for both SI and CI?


Depreciation


Prices of some articles depreciates in their value over a period of time

Population


Population increase or decrease is calculated as compound interest

Instalments


When the borrower paid the sum in parts, then it is said that the borrower is paying in installments
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