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Quick Revision - 07

PUBLISHED BY: SURENDER KUMAR
DECEMBER 01, 2014

   
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1. The simplified income tax return form for individuals having business income- SUGAM

 

2. The interest rate at which the banks borrow money among themselves for short periods is called- Call Money

 

3. Buying/selling of shares, commodities or foreign exchange for delivery at a later date- Forward Trading

 

4. Proposed laws which will replace indirect taxes such as Sales Tax, VAT, Excise and Customs - Goods and Services Tax (GST)

 

5. Consumer Price Index (CPI) tracks the prices of goods and services, with the base year-  2010

 

6. Demat Account - Demat is the short form of De-materialization, which is digital form of storing shares with a share depository. Under SEBI laws, it is compulsory to route all share transactions in the Demat mode.

 

7. Blue Chip companies – Consistently profitable, dividend-paying companies.

 

8. Zero Coupon Securities – Bonds issued at a discount to their face value. Also called Deep Discount Bonds

 

9. Gilt Edged Securities – Government securities or any other securities, which are highly safe and carry little risk

 

10. Market capitalization - Market Cap in short, computed by multiplying the total no. of shares of a company by their current price.

 

11. Bears and Bulls - Bears believe that share prices are likely to fall in near future and therefore they indulge in outright selling of shares. Thus, a bearish market is one where prices are falling. In contrast, Bulls believe that share prices are likely to rise in future and therefore they indulge in buying of shares. Thus, a bullish market is one where prices are rising.

 

12. Underwriting  - An agreement between a share issuing company and a financial agency (underwriter), which will buy the shares not bought by the public in an IPO/FPO. The underwriter charges an underwriting commission for this service.

 

13. Reverse Mortgage Loan - A loan disbursed in installments and repaid in lump sum, usually after the borrower’s death, from the sale proceeds of the property. Suitable for the elderly without a source of regular income but having property in their name.

 

14. Suresh Tendulkar Committee  - Methodology for fixing the poverty line

 

15. C Rangarajan Committee - Financial Inclusion

 

16. Malegam Committee – Micro Finance Institutions

 

17. Damodaran Committee - Improvement in customer services in banks

 

18. Raghuram Rajan Committee -Financial Sector Reforms

 

19. Vijay Kelkar Committee - Fiscal consolidation

 

20. NBFC (Non Banking Finance Companies) - Companies with functions similar to banking like accepting deposits and making loans. However, they do not have banking licenses, although they are regulated by RBI.

 



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