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Quick Revision - 01

NOVEMBER 30, 2014

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1. LIBOR stands for - London Inter-Bank Offered rate


2. The commission which decides the distribution of taxes between the central and state governments - Finance Commission


3. The Banking Ombudsman is appointed by - Reserve Bank of India


4. Debt Recovery Tribunal is headed by a presiding officer to handle cases of -  Rs. 10 lacs and above


5. Debt Recovery Tribunal deals with - Bank loan recovery cases


6. The decision of the Debt Recovery Tribunal can be challenged only in - Debt Recovery Appellate Tribunal


7. The difference between the revenue receipts plus certain no-debt capital receipts and the total expenditure including loans is termed - Fiscal Deficit


8. Share issuing companies, issue managers, underwriters and share applicants are part of - Primary Market


9. Buying/ selling stock, commodities, or foreign exchange for delivery at a later date is termed as - Forward Trading


10. Excess of revenue expenditure over revenue receipts - Revenue Deficit


11. Fiscal Consolidation means – To reduce government deficit and debt accumulation


12. If we subtract the interest paid on borrowings by the government from the fiscal deficit, we get - Primary Deficit


13. Dividend is - Share of a company’s profits divided among shareholders in proportion to their shareholding


14. Listing of a share implies - the shares have been listed on the stock exchange and can be traded in the secondary market. The listing has to be done within 7 days of finalization of issue.


15. MIDCAPS are – Companies with middle sized capital. Usually young, fast-growing companies


16.  The entity that collects money from many people and invests it in stocks, bonds or other assets is - Mutual Fund


17. As per the Companies Act, for a Public Ltd. Company, there is no maximum limit on the number of shareholders but the minimum shareholders required are - 7


18. The issue of shares by a Public Ltd. Company for the first time is called - Initial Public Offering (IPO)


19. The transfer of the amount on the cheque to another party by writing the instructions overleaf the cheque, mentioning the beneficiary, duly signed by the payee or drawer of the cheque is – Endorsement


20. SWIFT is a Belgium-based body, through which the financial world conducts its operations with speed and confidence. It stands for- Society for Worldwide Interbank Financial Telecommunication



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