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Quick Revision - 05

PUBLISHED BY: SURENDER KUMAR
NOVEMBER 30, 2014

   
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 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.

 



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