81 Tests, 2019 Articles
and counting ...

Quick Revision - 05

NOVEMBER 30, 2014

  submit to reddit   Delicious   Digg   LinkedIn  

 Quick Revision - 05

1. Red Herring Prospectus - A prospectus which does not mention the exact price or number of shares to be issued in an IPO


2. NSDL is - National Securities Depository Ltd.


3. A situation marked by inflation, stagnation and unemployment- Stagflation


4. Sustained high inflation, which is difficult to control - Hyperinflation


5. Making any change in a cheque that affects its value or intention of the cheque issuer, which renders the cheque invalid- Material Alteration


6. In case a joint bank account, the bank requires in writing the manner of operating the account- Mode of Operation


7. If a current account or savings account holders fail to operate the account for more than one year, the account is termed as - Dormant/Inoperative account


8. The Finance Commission is constituted after – 5 years


9. In India, the rate of inflation is measured by - Wholesale Price Index


10. The base year for Wholesale Price Index is- 2004-2005


11. The store house where bank notes and rupee coins are stocked by Commercial Banks on behalf of the Reserve Bank is - Currency Chest


12. The repayment of principal and Interest components of a loan over a period is called- Amortization


13. The RBI has allowed banks to open new branches in cities without its prior permission in - Tier I towns (population one lakh or more)


14. The Twin Deficits in the Indian economy are - Fiscal Deficit and Current Account Deficit


15. Small Accounts are primarily meant for persons  - Who do not fulfill KYC norms


16. In a Basic Savings Bank Account, the maximum allowed withdrawals in a month are- 4


17. A transaction wherein a business entity sells its receivables (collection from buyers) at discounted prices, to a third-party called a ‘factor’, is - Factoring


18. Postponement of the controversial tax provision GAAR was recommended by - Parthasarathi Shome Committee


19. Countermanding a cheque refers to - Stopping payment against the cheque



20. Current Account Deficit – Shortfall caused by excess foreign currency outflow due to imports is more than the inflow due to exports.



Tell Us About gkmine.com

We Listen ...

Fortnightly Contest

... WIN Exciting Prizes ...

item-pointer Coming Soon ...

... Previous Winners ...